National feedlot chief mulls bank suit settlement

National Feedlot Corporation Sdn Bhd (NFCorp) executive chairman Datuk Seri Dr Mohamad Salleh Ismail will consider the possibility of settling a suit with Public Bank Bhd over alleged leak of his and his companies’ the banking information. The Star reports:

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His lead counsel Tan Sri Muhammad Shafee Abdullah said they would first study 20 missing pages from a domestic inquiry against the bank’s former employee over the alleged leak of banking information.

It was provided to Dr Mohamad’s legal team yesterday.

Muhammad Shafee said the parties may begin talks over the matter next week, and that the missing pages were on evidence from the investigating officer of the bank over the leak.

He added High Court judge Justice John Louis O’Hara has set July 29 for case management.

The plaintiffs in the case are NFCorp: its subsidiary company National Meat & Livestock Corpo­ration Sdn Bhd, Agroscience Industries Sdn Bhd (parent company of NFCorp), Real Food Company Sdn Bhd (subsidiary of National Meat) and Dr Mohamad Salleh.

The five plaintiffs have filed the suit on May 22, 2012 against the bank, stating that their business reputation and credibility had suffered irreparable loss and damage as a result of their breach of the Banking and Financial Institutions Act 1989 (Bafia) by the bank.

In his evidence, Dr Mohamad Salleh had continuously said that his family was affected due to the disclosure by then PKR strategy director Mohd Rafizi Ramli using the banking information in a news conference on March 7, 2012.

In the court papers, NFCorp had stressed that the breach of the bank had allowed Mohd Rafizi to dramatise and sow the seeds of distortion and misrepresentation to defame and damage the reputation and credibility of the corporation, its related companies and its chairman with the Government and the public, as well as with the business and financial communities.

Source:  http://www.thestar.com.my/news/nation/2016/06/24/national-feedlot-chief-mulls-bank-suit-settlement/