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Daily Express
3 days ago
- Business
- Daily Express
Public Bank ordered to pay RM90mil in damages to NFC for confidentiality breach
Published on: Wednesday, June 18, 2025 Published on: Wed, Jun 18, 2025 By: V Anbalagan, FMT Text Size: The Federal Court has ordered Public Bank to pay RM30 million each in equitable, exemplary, and aggravated damages to National Feedlot Corporation and three others for disclosing its accounts to the public. PUTRAJAYA: The Federal Court has ruled that Public Bank must pay RM90 million in damages for violating its statutory duty and breaching confidentiality by disclosing to the public the National Feedlot Corporation's (NFC) accounts, along with those of three affiliated companies. A three-member bench led by Chief Judge of Malaya Hasnah Hashim ordered the bank to pay RM30 million each in equitable, exemplary, and aggravated damages. Advertisement 'Public Bank is to pay 2% interest on the judgment sum effective today until the payment of damages is settled,' she said. Sitting with her were Chief Judge of Sabah and Sarawak Abdul Rahman Sebli and Justice Abu Bakar Jais. The court dismissed Public Bank's appeal on liability last month. The Court of Appeal previously ruled that NFC had failed to prove its losses, resulting in the award of a nominal sum of RM10,000 in damages. Hasnah said the appeals court fell into error in its finding. 'The appellant (NFC) had produced financial reports and audited accounts through its expert witness,' she said, adding that the bank had not called any witnesses to challenge the witness's credibility. As such, the documents relied on by the appellants remained unchallenged, said Hasnah. In their statement of claim, NFC, its chairman Salleh Ismail, and its subsidiaries National Meat & Livestock Corporation Sdn Bhd and Agroscience Industries Sdn Bhd had asked for RM560 million in damages. They sought RM60 million in general damages and a total of RM500 million in aggravated and exemplary damages. Salleh is the husband of former Wanita Umno chief Shahrizat Abdul Jalil. The case dates back to 2012 when then-PKR vice-president Rafizi Ramli obtained confidential banking details which he used to support allegations against NFC regarding a government loan linked to property purchases. Lawyers Shafee Abdullah, Sarah Abishegam, and Farah Mustaffa represented the appellants, while counsel Chan Kok Keong, Poh Choo Hoe, and Tiang Min Hin appeared for the bank. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
13-05-2025
- Politics
- Daily Express
Peter Anthony's review hearing adjourned pending written judgment
Published on: Tuesday, May 13, 2025 Published on: Tue, May 13, 2025 By: V Anbalagan, FMT Text Size: PUTRAJAYA: A Court of Appeal panel has adjourned former Sabah minister Peter Anthony's application to review his forgery conviction as it awaits the written judgment from another Court of Appeal bench. A three-member bench chaired by Justice Che Ruzima Ghazali said that both the prosecution's preliminary objection and Peter's review application would proceed on the next date, regardless of whether the written judgment was available. Case management will be held on Friday to set a new hearing date. Justices Azman Abdullah and Azhahari Kamal Ramli were the other panel members. Deputy public prosecutor Wan Shahruddin Wan Ladin said they were still waiting for the written reasons from another Court of Appeal panel upholding Peter's conviction and sentence. That panel – comprising Justices Ahmad Zaidi Ibrahim, Zaini Mazlan, and Azmi Ariffin – delivered its broad oral grounds of judgment on March 4. Peter's lawyer, Rozal Azimin Ahmad, said they were ready to proceed without the written judgment, but Wan Shahruddin insisted that the review could not move forward until the document was available. Justice Ruzima said Peter must demonstrate a breach of procedural fairness for the review to be allowed, which could be done even without the written judgment. 'This bench cannot revisit the decision made by the previous bench,' he said. On March 14, Peter, the former Parti Kesejahteraan Demokratik Masyarakat president, filed an application for an appeals court review in an attempt to overturn his conviction for forgery in connection with a university contract 11 years ago. Peter contended that the Court of Appeal had not considered a 2018 police report in arriving at its decision to uphold his conviction and sentence on March 4. He said the disclosure of the police report by prosecution witness and businessman Shukur Din could have led to a different outcome in his case. In his application, Peter sought a review by another appeals court bench. Peter was sentenced to three years' jail and fined RM50,000 by the sessions court in Kuala Lumpur in 2022. He has paid the fine and is currently serving his sentence. He was convicted of falsifying documents related to a maintenance and service contract at Universiti Malaysia Sabah 11 years ago. He was charged in his capacity as managing director of Syarikat Asli Jati Sdn Bhd with forging a letter from the office of the deputy vice-chancellor, dated June 9, 2014, by inserting a false statement to use it for fraudulent purposes. Peter is the Melalap assemblyman. His seat will be automatically vacated after he has exhausted all legal avenues to overturn his conviction. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
