Utusan Melayu VSS staff are trustees, not creditors - High Court judge

Former Utusan Melayu (Malaysia) Berhad (UMMB) staff involved in the Voluntary Separation Scheme (VSS) exercise four years ago are entitled to the proceeds from the sales of the properties owned by UMMB and its subsidiaries.

High Court judge Nadzarin Wok Nordin held that the employees in the VSS and UMMB’s subsidiaries and its related company are beneficiaries of the trust properties and not the creditors of UMMB...