Question
Sarah and Hidayah are directors of a company called Syarikat Gemilang Sendirian Berhad. All these while Syarikat Gemilang Sendirian Berhad has been involved in hardware
Sarah and Hidayah are directors of a company called
Syarikat Gemilang Sendirian Berhad. All these while Syarikat Gemilang Sendirian Berhad has been involved in hardware trading. The company entered into a credit facility
agreement with Bank Duit Banyak under the pretext of business expansion.
Unfortunately, part of the money has been used to buy luxury cars for the directors. The remaining of the loan money has been used to expand their business into car rental.Discuss the liabilities of Sarah and Hidayah if any.
Advise Bank Duit Banyak accordingly
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