Wednesday, 28th December 2005
Proton Holdings has sold it’s 58% stake in MV Agusta Spa to an Italian company Gevi Spa for a token sum of 1 Euro (RM4.48). Gevi Spa will assume MV Agusta’s debts and working capital requirements totalling 139.44 million euros. According to Proton, it was part of it’s non-core asset divesting exercise. Proton originally acquired MV Agusta Spa a year ago, on 7 July 2004, for 70 million Euro (RM364 million).
Wednesday, 29th June 2005
Miss Hamisa Abu Hassan Saari, age 22. was arrested after police found some drugs on a friend. A police officer secretly recorded her with a cell phone as she was forced to strip and do squats, though she had no drugs. The recording got on the Internet and led to a special commission that denounced the police procedures and led to significant changes.
Friday, 24th June 2005
Malaysia's ruling UMNO party suspended cabinet minister Isa Samad for six years for corruption.