SAS scandal: Angry businessman Ambrose Lee slams Yee for implicating him

(Revisited) After more than a decade of silence, a businessman who was implicated as the hand behind the crash in the unit price of Saham Amanah Sabah (SAS) in 1997 has surfaced to publicly deny any involvement in the fiasco.

Businessman Ambrose Lee broke his silence following last week’s debacle in the state legislative assembly in which his name was, for the first time, directly linked to the debacle.

Lee was known to be the owner of now defunct Suniwang Holdings Sdn Bhd, which bought the MISC blue chip shares from Sabah government’s investment arm, Warisan Harta Sabah Sdn Bhd (WHSSB), in exchange for the North Borneo Timber (NBT) and Sugarbun shares back in 1997.