Thursday, 20 December 2012

Nine investors sue Genneva for fraud

Nine investors have filed a suit in the High Court here against Genneva Malaysia Sdn Bhd and four others for misrepresentation and fraud.

Lawyer Mohamed Siddiq Azani, representing the nine investors, told reporters here Thursday that his clients are claiming RM2mil that they have invested.

He said his clients are suing for misrepresentation by the four defendants on the pretext that the scheme was shariah-compliant.

They have named Genneva and its directors Tengku Muhaini Sultan Ahmad Shah, Philip Lim Jit Meng, Ahmad Khairuddin Ilias and Tan Liang Keat as defendants in the suit.

Source : TheStar


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