Apex court orders Public Bank to pay RM90m to NFCorp

The Federal Court today ordered Public Bank Berhad to pay RM90 million in damages to National Feedlot Corporation (NFCorp), its chairperson Salleh Ismail, and three subsidiary companies for breach of contract to protect their bank account confidentiality.
A three-member bench comprising Chief Judge of Malaya Hasnah Hashim, Chief Judge of Sabah and Sarawak Abdul Rahman Sebli and Federal Court judge Abu Bakar Jais awarded RM30 million each in equitable, exemplary and aggravated damages.

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