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Minority shareholders of YNH Property Bhd are gathering to file a representative action lawsuit against the company's directors and officers for alleged fraudulent activities and embezzlement schemes involving over RM 1 billion. This legal action highlights the importance of corporate transparency and accountability.
YNH Property Bhd's directors are accused of siphoning over RM1 billion into the Yu Syndicate through multiple joint ventures, putting the company in a desperate financial situation. Authorities must investigate the money trail and tax ramifications of these actions.