TGOFFS (7228) - Tanjung Offshore filing a 100M lawsuit
I posted a few times about Tanjung Offshore. It seems the saga is continuing, according to this article in The Star: "Tanjung Offshore sues director and 6 others for RM100m".A snippet:
Tanjung Offshore Bhd is suing its director Tan Sri Tan Kean Soon and six others for alleged defamation arising from remarks he made in articles published in the media on Feb 9.
The company said it was seeking damages of RM100mil.
The suit was filed on Feb 24, 2015 and it served on the seven defendants’ respective solicitors on Thursday. The defendants are Datuk Dr Nik Norzrul Thani N. Hassan Thani, Datin Norhafizah Mohd Nordin, Datuk Rosman Hassan, Datuk Norazman Hamidun and Datuk Maheran Mohd Salleh and Tan Sam Eng.
The suit was filed by Tanjung and its three independent non-executive directors, George William Warren Jr, Datuk Ab Wahab Ibrahim and Shahrizal Hisham Abdul Halim.
Remarkable is that this is all done by independent (in other words not owning a big chunk of the shares) non-executive (not involved in the daily running of the company) directors. In Malaysia these kind of directors are normally not known for this kind of actions, in the contrary.
I am sure that the authorities are looking into this case, they have their work cut out for them.
http://cgmalaysia.blogspot.com
