KUALA LUMPUR: The beleaguered company that was awarded the RM1bil National Integrated Immigration System (NIISe) project but failed to deliver on time will know its fate by April, says the Home Minister.
Datuk Seri Saifuddin Nasution Ismail said the Cabinet had discussed the latest development of the issue surrounding IRIS Information Technology Systems Sdn Bhd during a meeting."The notice was meant to inform for the purpose of a discussion, which is different from a Cabinet memo that requires a decision.
"We are working on this now," he said when met after closing the 29th and 30th annual general meeting of Malaysia Crime Prevention Foundation in Cheras here Saturday . When asked if the company had been terminated, he said"not yet", adding that it needed more deliberation. When asked if the decision may include a termination of the company, Saifuddin said he did not want to speculate.
According to reports on Feb 10, Iris Corporation Bhd had entered into a share sale agreement with Tass Tech Technologies Sdn Bhd to dispose of 80% of the equity interest in its unit, Iris Information Technology Systems Sdn Bhd , for RM70mil in cash.
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