Boustead Holdings controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile1 entries
2020
Boustead Holdings sues former directors
Lawsuit filed
Boustead Holdings filed a suit against its former chairman, managing director and four other former directors, alleging breach of fiduciary duty and seeking £6.4 million.
Source excerpt
Boustead Holdings Bhd had in June file a suit here against its former chairman Tan Sri Mohd Ghazali Che Mat, its managing director Tan Sri Che Lodin Wok Kamaruddin, and four other directors for purported breach of fiduciary duty and is seeking jointly from them a sum of £6.4 million (RM35.37 million current value).
The writ sighted by theedgemarkets.com listed Boustead Holdings as having filed the suit at the High Court here through the law firm of Messrs Christopher & Lee Ong on June 29.