NEW DELHI: India has sacked two senior executives of state-run Punjab National Bank (PNB) for allegedly failing to prevent a US$2 billion fraud, two sources with direct knowledge of the matter said on Sunday, nearly a year after the country's biggest bank scam came to light.
MRCB George Kent Sdn Bhd, the turnkey contractor for the Light Rail Transit Line 3 Bandar Utama-Johan Setia (LRT3), will not be seeking any compensations from either Prasarana Malaysia Bhd or the government, following the "remodeling" of the project delivery partner (PDP) contract into a fixed price contract for the LRT3 project.
In a statement responding to questions sent by theedgemarkets.com regarding the signing of the fixed price contract between the company and Prasarana for the LRT3 project, MRCB-GK's LRT3 project director Patrick Hwang Chee Leong said the firm is optimistic that the contract will be signed by the end of this month.
Most founders don’t walk away from their startup after raising $32 million and reaching 1000 clients. But Roger Dickey’s heart is in consumer tech, and his company Gigster had pivoted to doing outsourced app development for enterprises instead of scrappy entrepreneurs. So today Dickey announced that he’d left his role as Gigster CEO, with former […]