Berjaya Corp: Probed over approved sport betting licence

berjaya-sports-toto The  Securities  Commission  (SC)  and  Bursa  Malaysia  Securities  Bhd  are  looking  into  possible  breaches  of  listing requirements  by  Berjaya  Corporation  Bhd  and  will  take  the  “appropriate  action”  if  it  is  found  to  be  the  case,  said spokespersons from both regulatory bodies. In its announcement to Bursa Malaysia on 12 May 2010, BCorp implied it had already obtained  the  licence  from Ministry of Finance, stating  that  “the Minister of Finance has given  its approval  for  re-issuance to Ascot of the licence to carry out sports betting operations upon certain terms and conditions”. (Financial Daily)

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