Protasco Berhad (“Protasco” / the “Company”) wishes to announce that it has today been served with a Writ of Summons by Kingdom Seekers Ventures Sdn Bhd (“Kingdom Seekers”) suing in a representative capacity for and on behalf of the Company and or for the benefit of the Company. Kingdom Seekers is suing Dato’ Sri Chong Ket Pen, Kenny Chong Ther Nen, Low Kian Seng, Edward Khoo Mong Wei, Lim Yew Ting and RS Maha Niaga Sdn Bhd. The Company is named as a Defendant by virtue of the representative claim. Kingdom Seekers is a company controlled by one of Protasco’s director, namely Mr Tey Por Yee and is a substantial shareholder of the Company. The Company had on 22nd September 2014 commenced a suit against inter alia Mr Tey Por Yee for breach of his fiduciary and statutory duties.
Kingdom Seekers’ claims against Dato’ Sri Chong Ket Pen, Kenny Chong Ther Nen, Low Kian Seng, Edward Khoo Mong Wei, Lim Yew Ting, RS Maha Niaga Sdn Bhd is for the return of a sum of RM10 million to the Company and general damages purportedly suffered by the Company.
In this regard, the Company has appointed a firm of solicitors to represent the Company and oppose the foregoing suit. The Company wish to state that the suit filed by Kingdom Seekers have no significant immediate adverse effect on the current financial position of Protasco.
Tey gave a press conference with more detailed information, for instance the following map of the money trail:
After almost two years, bystanders are getting more and more information, which is always the case when two parties engage in a mud slinging contest and/or are threatening with court cases.
But there are still many questions that I posed almost two years ago that are unanswered as of now.
The most obvious one: who were the shareholders and directors of Anglo Slavic Petrogas Ltd, the seller?
We will have to wait how the company will respond to these allegations. Eventually it might be the work for the judges and authorities to find out the facts and the possible wrongdoings.
http://cgmalaysia.blogspot.com/2014/10/protascos-puzzling-purchase-11.html
Hanif
Right from press room. Without wasting time lingering on bad mouths on last few fan standing. Legal due diligence and investigation shows 100% Indonesian ownership for anglo slavic petrogas. The indonesia asset is technically verified and held to indonesia bank, 100% belongs to Indonesian!! Bang! Dead! Suicide! This is the hard evidence which put in the last nail on dato sri chong ket pen COFFIN trying to lie and talk to everyone including your good self. Truth is truth let the judge read hardcore evidence. Only the culprit and guilty keep bad mouth others rather than face his challenger face to face. Can't blame the media or listeners because of his seniority.
2014-10-29 08:25