Bankrupt broadcaster ABN owes contractors RM130mil

Nine contractors of the defunct Asian Broadcasting Network have lodged a police report over payments not received for their services.

Jarjeet Gill, one of the contractors, said liquidator appointed by the courts following ABN’s bankruptcy case last year had revealed that ABN owed RM200 million to Bank Pembangunan Berhad. However about 100 contractors were owed RM130 million and had not been paid after four years.

“We want the authorities to investigate and find out where the money went to.”

He also called for investigations into how ABN received its licence in the first place despite having no prior experience.

ABN operated ABNxcess, the sole digital cable television service in Malaysia, launched on 8 June 2013.

The main people behind it were Sreedhar Subramaniam, the chief executive, and politically well connected businessman Tan Sri Kenneth Eswaran.

Sreedhar and P’ng Hong Kwan, a former editor with the New Straits Times, started the Malaysian Insider Web site in 2008.