Shareholders of three companies were forced to enter into several agreements with a man alleged to be a proxy of a political leader in the pre-2018 BN government, the High Court in Kuala Lumpur ruled.
In a 115-page judgment of the verdict issued last week, judicial commissioner Ong Chee Kwan made the scathing summation when ruling in favour of the three shareholder plaintiffs lawsuits against the man’s wife, defendant Norhana Sharkhan...
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High Court orders wife of Jakel Group’s Mohamad Nizam to pay a total of RM1.5m in exemplary damages to shareholders over ‘forced’ contracts | Malay MailKUALA LUMPUR, Aug 30 — The High Court has today ordered the wife of Jakel Group’s Datuk Mohamad Nizam Jakel Mohamad Jakel to pay a total sum of RM1.5 million in exemplary damages to three shareholders, after they were forced to enter into several contractual agreements. Judicial commissioner... A significant case study of how members of the elite group prey on their own and others.
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