Malaysia Airlines sues former chairman

12th Jul 2006

Malaysian Airlines has filed a civil claim against former chairman Tajudin Ramli, alleging he breached his duties by getting the airline involved in various projects and businesses with third parties, in total disregard of the national carrier’s interest, reported. The daily reported that MAS filed the civil claim in the High Court yesterday.

It also named Naluri Corp Bhd, Promet (Langkawi) Resorts Sdn Bhd, Kauthar Venture Capital Sdn Bhd and Pakatan Permai Sdn Bhd as the other defendants.

Tajudin was the chairman of MAS between 1994 and Feb 2001.

According to the report, the airline claims that Tajudin had, during his tenure, “breached his duties owed to the company including his fiduciary duties in procuring the company to enter into various projects and businesses with third parties in total disregard to the interest of the company.”

It added that MAS also claims the co-defendants had assisted Tajudin to breach his fiduciary duties and/or knowingly benefited from the first defendant’s breach of his fiduciary duties.




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