PETALING JAYA: The High Court in Kuala Lumpur today has ordered FGV Holdings Bhd’s former chairman Isa Samad and former group president and CEO Emir Mavani Abdullah to pay more than RM3.31 million to the company over the purchase of two luxury condominium units in the city.
According to Bernama, Justice Arief Emran Arifin made the order following a 2018 suit filed by FGV against Isa and Emir that sought compensation of RM7.69 million for the purchase of the condominiums at Troika, Persiaran KLCC, allegedly above the market price.The judge held that the defendants unlawfully used and refurbished the units, and this was not in accordance with the company’s procedures.
SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya when it posted record high state revenue of RM6.973 billion last year. Read more “The second defendant also breached his duties by abusing the carpool system and petrol card.
Emir Mavani was to pay RM2,328,705.86, including RM500,000 in exemplary damages and RM200,000 in costs.
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