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Technology Stocks : TSI TelSys Corporation - Satellite communications
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To: MF who wrote (235)3/13/2000 1:37:00 PM
From: Ron Struthers  Read Replies (1) of 241
 
MF, I don't think this is of any concern. The case is about a year old now and has no connection to the Abra Group or TSI, other than the fact that Wan Muhamad Hasni was
an executive/chairman of one Abra Group Int. companies, Abra Group Asset Managers, he resigned once the allegations arose. As stated in the news it is believed the allegations were committed while Hasni was at Abra Group Int's office

The court case is against Hasni, not the Abra Group Int. and has no bearing on Abra or TSI. Hasni is not proven guilty yet and I have heard he had political connections and this allegation against him may be politically motivated.

Also I have learned about the word 'scheme' , it does not sound good but 'scheme' in Malayasia is another way
of saying financial plan.

I do not have any concern over this and I see no bearing on TSI

Ron
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