Tuesday 23 Apr 2024
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This article first appeared in The Edge Financial Daily on July 24, 2019

KUALA LUMPUR: FGV Holdings Bhd’s case against its former chairman Tan Sri Mohd Isa Abdul Samad and former president and group chief executive officer (CEO) Datuk Mohd Emir Mavani Abdullah will commence on Nov 25.

The plaintiff is seeking damages amounting to RM7.69 million.

Mohd Isa’s lawyer Lavinia Kumaraendran said High Court Justice Datuk Azimah Omar in chambers yesterday fixed Nov 25 to Nov 29 and Dec 2 to Dec 4 for hearing.

“The court also set Aug 6 for the next case management,” she told reporters when met after the case management.

On Nov 30 last year, FGV, in a statement to Bursa Malaysia, said its lawsuit pertained to a luxury condominium at Troika, KLCC which it claimed was bought at an inflated price by the duo, and misuse of company cars and petrol benefits by Mohd Emir.

In this regard, FGV is claiming RM4.54 million from the two defendants on the purchase of the condominium, and another RM3.15 million from Mohd Emir.

FGV is also claiming interest of 5% per annum on the amount, effective from the lawsuit date until full settlement.

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