By K. C. Vijayan, Law Correspondent

A MALAYSIAN bank has failed in its attempt to bankrupt a Singaporean man who stood as loan guarantor for a $287,000 debt incurred in Malaysia 18 years ago.

Malaysian-based AmBank (M) Berhad sought to bankrupt Mr Raymond Yong after he failed to settle the debt for underwriting loans to two Malaysian firms.

In throwing out the bank's case, the Court of Appeal ruled that AmBank needed to have a valid judgment in its possession that could be enforced in Singapore.

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