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ARIES Telecoms (M) Bhd, formerly known as V Telecoms Bhd, was once hailed as the first telecommunications company in Malaysia to have a regional presence in Southeast Asia with its planned US$5 billion Vasseti South Asia Network (VSAN) project. However, the mammoth undertaking, which boasted that it would have more than 30,000km of terrestrial fibre-optic infrastructure across the region, did not pan out, as Bank Pembangunan Malaysia Bhd (BPMB) found out following the conclusion of its investigations in January this year. ....
KUALA LUMPUR, June 29 Bank Pembangunan Malaysia (BPMB) has filed a lawsuit against 27 individuals and entities, including its former president and group managing director Datuk. ....