Isa Samad applies for documents on approval of condo purchase

Isa Samad applies for documents on approval of condo purchase

The former FGV Holdings chairman lost access to the documents after resigning two years ago.

Former FGV Holdings Bhd chairman Mohd Isa Samad.
KUALA LUMPUR:
Former FGV Holdings Bhd chairman Mohd Isa Samad is filing an application to obtain documents on the minutes of meeting of the company board of directors and approval for the purchase of a luxury condominium at Troika, Persiaran KLCC, which was allegedly bought at above market price.

The application for the discovery of the documents pertained to the suit filed by FGV Holdings against Isa and former president and company group chief executive Mohd Emir Mavani Abdullah, for damages amounting to RM7.69 million over purchase of the property.

Lawyer Joshua Goh, representing Isa, told reporters that the application would be filed this week to obtain the documents which his client no longer had access to after resigning as the company chairman two years ago.

Feb 11 had been fixed for further case management, he added when met after today’s case management which was held in chambers before High Court deputy registrar Farah Shuhada Ramli.

FGV Holdings, through a statement to Bursa Malaysia on Nov 30 last year, said the suit against the two defendants was related to the company’s purchase of the luxury condominium at Troika, Persiaran KLCC, at above market price.

The company said the suit was also related to the abuse of a company vehicle and petrol benefits by Emir.

It is seeking RM4.54 million from both defendants for the purchase of the condominium and RM3.15 million from Emir for the abuse of the company vehicle and petrol benefits.

The company is also demanding interest of 5% per year on the damages to be awarded by the court from the date the suit was filed until the date of case disposal.

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