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pcyeoh
Quote:

10-01-2006 01:24 PM

Originally Posted by Jose Mourinho Jack Ryan. Actually what happened to that CEO of whichever company in TPM or was it Cyberjaya? You know, the one who claimed to hold patents to thousands of innovative ideas. There was a lot of fire crackers about withholding his passport etc. Where is he now?

The answer is in today's Star paper The Star Tuesday January 10, 2006

Police revoke seizure order issued against InventQjaya
KUALA LUMPUR: The seizure order issued on InventQjaya Sdn Bhd in February has been lifted. S.N. Nair, InventQjaya chief executive officer Dr Sadeg Mustafa Faris' counsel, said the seizure order had been lifted in a revocation order dated Dec 27 and signed by the Federal Commercial Crime Department's money laundering unit head Deputy Supt S. Suresh Kumar. The revocation order stated that the company's business had been handed over to its directors and executive officers, and PriceWaterhouseCoopers would cease to supervise, direct and control the business. “The company secretary, M&C Services Sdn Bhd, informed our client, who is in New York, the following day (Dec 28),” Nair told reporters at his office here yesterday. The move, he added, was a positive indication that Dr Sadeg had been vindicated of all allegations and innuendos by various quarters. “The company is back in Dr Sadeg’s control. We feel that he, his employees and the company have suffered tremendous damage. We will assess the damages caused as a result of the police action,” he said. In February, police seized the company by an order under Subsection 52 (1) of the Anti-Money Laundering Act 2001. PriceWaterhouseCoopers was appointed administrators of the company. This came in the wake of questions raised in relation to RM50mil belonging to the company. Nair said that he had been given power of attorney to attend meetings on behalf of Dr Sadeg during the interim period from the date of the revocation order until his return. Asked why the seizure order had been lifted, he said: “No explanation was given to the company secretary. We are waiting for the report from the police and we will take it from there.” His client, he added, would not withdraw an application for a judicial review on police action to seize the company by invoking the Act. The hearing of the application, filed in April, is on Feb 14.

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5/9/2007 5:08 PM

United Subang Jaya Web Forum - Loses Out to Bill Gates by US0.5 Bill...

http://www.usj.com.my/bulletin/upload/printthread.php?t=10953&pag...

InventQjaya is a RM100mil joint research and development initiative between the Malaysian Government and New York-based Reveo Inc, founded by Dr Sadeg, a Libyan who studied in the United States. http://www.thestar.com.my/news/stor...6059&sec=nation

JackRyan1975
Quote:

10-01-2006 02:12 PM

Originally Posted by Jose Mourinho Jack Ryan. Actually what happened to that CEO of whichever company in TPM or was it Cyberjaya? You know, the one who claimed to hold patents to thousands of innovative ideas. There was a lot of fire crackers about withholding his passport etc. Where is he now?

Good question. It is also reported in today's NST Page 6 (not available online), in addition to Pcyeoh's post. If you notice, if his passport was withheld, he would not be safe and sound in New York where he is now. All this before he was even cleared of wrongdoing.

Pak Kadok

10-01-2006 04:12 PM

This billionaire 46 times over in Yankee Dollars also claimed that, according to The Sun, amongst others, he also owns the Penang Bridge....: http://sun2surf.com/article.cfm?id=12535

JackRyan1975
Excerpt from NST http://www.nst.com.my/Current_News/...icle/index_html

10-01-2006 04:34 PM

He is sought by police in three countries. And in Malaysia, he has overstayed. Police in Canada and Cyprus want him to assist in their investigations into cases of theft, cheating and cheque forgery, said police sources. Also, Interpol confirmed that Najem was convicted of cheque forgery in Lebanon last year and sentenced to a year’s jail. He left the country while the appeal was pending. He entered Malaysia in June last year and has overstayed since Sept 21. Immigration Department enforcement director Datuk Ishak Mohamed said: "Based on newspaper reports, the foreigner has surrendered his passport to the court. "In this respect, we will meet court officers and police to determine his status. But in principle, we should detain him because he has overstayed." Question: What's keeping the police and immigration officers from detaining him?

Jose Mourinho

10-01-2006 05:37 PM

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5/9/2007 5:08 PM

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