Stanley Thai cleared of contempt as wife succeeds in lifting asset freeze, winding

BURSA SGX Home Highlight Make The Edge Malaysia your preferred source on Google PUTRAJAYA (Sept 23): The Court of Appeal on Tuesday delivered three unanimous rulings in the ongoing marital dispute between Supermax Corp Bhd (KL: SUPERMX ) founders Datuk Seri Stanley Thai and his wife Datin Seri Cheryl Tan Bee Geok.

It set aside Thai's contempt conviction and RM60,000 fine imposed over alleged failure to disclose his assets, and lifted an injunction that prevented Tan from pursuing a winding-up petition against Supermax's holding company — Supermax Holdings Sdn Bhd — and from accessing her assets.

The three-member bench, however, dismissed Tan’s appeal for the payment of a monthly interim maintenance, which she sought following the removal of her RM1.3 million monthly salary for the positions she held at Supermax.