Boustead Sues Former Big-Wigs

SHAH ALAM: Boustead sues former big-wigs. Boustead Holdings Bhd had file a suit against its former chairman, former managing director 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), according to the Edge newspaper.

The report stated the suit filed in June was filed against its former chairman chairman Tan Sri Mohd Ghazali Che Mat and its managing director Tan Sri Che Lodin Wok Kamaruddin.

Besides the duo, the remaining four named — are former directors Datuk Azzat Kamaluddin, Datuk Francis Tan Leh Kiah, Datuk Seri Ghazali Mohd Ali and Datuk Wira Dr Megat Abdul Rahman Megat Ahmad, where they are named as defendants.

Lodin resigned from Boustead and its related subsidiaries on Nov 30, 2018, while the others left the company last year.

The suit, according to the Edge wanted the courts to find the six were negligent in their duties. It appears that the suit is not related to the LCS or other defence projects.

It must be noted that Mohd Ghazali was a former Chief of Defence, having served from 1 November, 1985 to 5 October, 1987. Mohd Ghazali is the recipient of second highest military honour,the Panglima Gagah Berani (PGB) medal for his actions fighting the communists on 13 November 1957.

— Malaysian Defence

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