KUALA LUMPUR, March 29 ― The High Court here today ordered FGV Holdings Berhad's former chairman Tan Sri Mohd Isa Abdul Samad and former group president and chief...
The judge ordered Mohd Isa to pay RM990,502 to FGV, inclusive of RM300,000 in exemplary damages and RM200,000 in costs, while Mohd Emir was to pay RM2,322,705, inclusive of RM500,000 exemplary damages and RM200,000 in costs. — Picture by Choo Choy MayKUALA LUMPUR, March 29 ― The High Court here today ordered FGV Holdings Berhad's former chairman Tan Sri Mohd Isa Abdul Samad and former group president and chief executive officer Datuk Mohd Emir Mavani Abdullah to pay over RM3.
The judge held that the defendants wrongfully used and refurbished the units as it was not done in accordance with the company's procedures.“They have also put their interest in conflict with the company and did not act in the best interest of the plaintiff. Judge Mohd Arief however, made it clear that the duo had not breached their duties in the acquisition of the units as it was done following the Board's resolution.He also said the acquisition of the Troika units did not incur any losses to FGV as they were still owned by the company.
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