
The Edge Markets said the warrant for Ting, who has been certified bankrupt since 1991, was issued under Section 28 of the Insolvency Act 1967.
It directs the police officer in question to bring him to court on June 29.
An arrest warrant was also issued for Ting’s wife, Wong Sui Chuo, on May 18 after she too failed to turn up in court.
The couple are due to be questioned by creditors on Ting’s dealings and his ability to pay his debts in accordance with Sections 17 and 31 of the Bankruptcy Act 1967, the report said.
Ting, who had kept a low profile for the past 16 years, resurfaced last week to announce his plans for a multi-billion ringgit development project in Langkawi.
He said the Langkawi New City project, expected to cost around RM30 billion, would be located on 81ha of reclaimed land off the west side of the island. He added that the project would be undertaken by his group of companies.
However, Kedah Menteri Besar Mukhriz Mahathir said Ting’s proposal, submitted between 2013 and 2016, was no longer valid and he would need to make a new proposal for the state government’s consideration, together with a deposit.
Ting had undertaken several mega projects during Prime Minister Dr Mahathir Mohamad’s previous administration, including the Bakun hydro-electric dam in Sarawak.
According to The Edge Markets, a bankruptcy search with the Malaysian Department of Insolvency showed four cases against Ting, with two documents showing that creditors had obtained bankruptcy orders against him in October and November 2010.
Although a fourth document states that Ting is “not bankrupt”, The Edge Markets noted that he had yet to settle the money owed.
The report said Ting’s creditors include Alliance Bank Malaysia Bhd, Alliance Investment Bank Bhd, Alliance Merchant Bank Bhd, Insas Credit & Leasing Sdn Bhd, Hu Chang Pee@Hii Chang Pee, Southeast Asia Special Asset Management Bhd, Multi Purpose Bank Bhd and Interhill Enterprise Sdn Bhd.
It quoted a source who said the total debt owed to creditors was over RM390 million.