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Genting Sing

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Last Done 0.915
Change +0.005 (+0.55%)
Volume 25,101.2
Range 0.915 - 0.925

MBS fails to make $2m debtor bankrupt

18 May 2019 09:00

Marina Bay Sands obtained default judgment against Japanese national Osuki Yohei in October and posted a statutory demand for payment in a prepaid envelope in December, but it was returned unclaimed to its lawyers. ST FILE PHOTO

By K. C. Vijayan,Senior Law Correspondent

The High Court has dismissed a bid by Marina Bay Sands (MBS) to bankrupt a high roller over a $2 million sum he owes the casino, ruling he was not notified of the debt as the documents posted to him were returned as unclaimed.

The casino had obtained default judgment against Japanese national Osuki Yohei last October for the sum, as well as costs and interests.

MBS then proceeded to post a statutory demand for payment of $2,030,598 in a prepaid envelope last December.

It was sent to Mr Yohei's last known business address in Singapore.


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Source: Straits Times
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