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Public Bank ordered to pay RM90mil in damages to NFC for confidentiality breach
Public Bank ordered to pay RM90mil in damages to NFC for confidentiality breach

Free Malaysia Today

time10 hours ago

  • Business
  • Free Malaysia Today

Public Bank ordered to pay RM90mil in damages to NFC for confidentiality breach

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. '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.

Apex court orders Public Bank to pay RM90m to NFCorp
Apex court orders Public Bank to pay RM90m to NFCorp

Malaysiakini

time18 hours ago

  • Business
  • Malaysiakini

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.

Apex court orders Public Bank to pay RM90m to NFCorp
Apex court orders Public Bank to pay RM90m to NFCorp

Malaysiakini

time19 hours ago

  • Business
  • Malaysiakini

Apex court orders Public Bank to pay RM90m to NFCorp

The Federal Court has ordered Public Bank Berhad to pay RM90 million in damages to National Feedlot Corporation (NFCorp) for breach of contract involving the protection of confidential bank account information. According to a report by New Straits Times today, the three-member bench, led by Chief Judge of Malaya Hasnah Hashim, set the award following its previous decision to dismiss the bank's appeal and allow NFCorp's cross-appeal for exemplary and aggravated damages.

Attorney-General tops King's birthday honours list
Attorney-General tops King's birthday honours list

Free Malaysia Today

time02-06-2025

  • General
  • Free Malaysia Today

Attorney-General tops King's birthday honours list

Attorney-General Dusuki Mokhtar received the Panglima Mangku Negara (PMN) award from Sultan Ibrahim at Istana Negara today, in conjunction with the King's official birthday. (Bernama pic) KUALA LUMPUR : Attorney-General Dusuki Mokhtar topped the list of 104 recipients of the 2025 federal awards, medals and honours in conjunction with the official birthday of the Yang di-Pertuan Agong Sultan Ibrahim today. Dusuki, 58, was conferred the Panglima Mangku Negara (PMN) award, which carries the title 'Tan Sri', at a ceremony held at Istana Negara. Also receiving the PMN was armed forces chief Nizam Jaffar. The Panglima Setia Mahkota (PSM), which also carries the 'Tan Sri' title, was awarded to Chief Judge of Malaya Hasnah Hashim, navy chief Zulhelmy Ithnain, and deputy inspector-general of police Ayob Khan Mydin Pitchay. Five individuals received the Panglima Jasa Negara (PJN) award, which carries the title 'Datuk'. Among them were the Prime Minister's Department senior deputy secretary-general Abd Shukor Mahmood and the Attorney-General's Chambers (AGC) legal division head Donald Joseph Franklin. The other three were public service deputy director-general (development) Bakhari Ismail, Treasury deputy secretary-general (management) Ramzi Mansor, and Sultanah Aminah Hospital (Johor Bahru) cardiothoracic surgeon Dr Simon Jerome Vendargon. Recipients of the Johan Mangku Negara (JMN) award include Education Service Commission secretary Radzi Hashim, National Population and Family Development Board (LPPKN) director-general Abdul Shukur Abdullah, and digital ministry deputy secretary-general (digital development) Ma Sivanesan Marimuthu. Also honoured were Matrade deputy CEO (export acceleration) Abu Bakar Yusof, UiTM deputy vice-chancellor Sazili Shahibi, and EPF equity department head Lim Tze Seong. Four individuals were awarded the Johan Setia Mahkota (JSM) title, including senior officials from UKAS, the science and higher education ministries, and the Malaysian Highway Authority (MHA). Malaysia's ambassadors to China and Indonesia, Norman Muhamad and Syed Md Hasrin Tengku Hussin, as well as Dewan Rakyat secretary Nizam Mydin Bacha Mydin, received the Johan Setia Diraja (JSD) honours. Paralympic badminton champion Cheah Liek Hou, who delivered Malaysia's first gold medal at the Paris 2024 Games, was among 14 recipients of the Kesatria Mangku Negara (KMN) award. The Bintang Kesatria Setia Diraja (KSD) was awarded to Istana Negara's chief security officer Fairouz Hamdi Yamin and the ceremonial division's principal assistant secretary Syed Zaqwanariff Zainudin. Sixteen others received the Ahli Mangku Negara (AMN), including Federal Court sign language interpreter Tan Lee Bee, while 45 were awarded the Pingat Pangkuan Negara (PPN), and three received the Pingat Bentara Setia Diraja (BSD). The only recipient of the Bintang Jasa Perkasa Persekutuan (JPP) was Royal Malaysian Navy lieutenant commander Firdaus Arbaain, who rescued four people, including two children, from drowning in a Teluk Batik boat incident last August.

AG's questions on Najib's addendum of public importance
AG's questions on Najib's addendum of public importance

Malaysiakini

time28-04-2025

  • Politics
  • Malaysiakini

AG's questions on Najib's addendum of public importance

The Federal Court ruled today that seven questions posed by the attorney-general (AG) in the case involving former prime minister Najib Abdul Razak's addendum are of public importance, which should be ventilated before the court. Chief Judge of Malaya Hasnah Hashim, in granting the AG's leave to appeal over Najib's additional document, said the proposed questions met the threshold requirements under Section 96 of the Courts of Judicature Act (CJA) 1964.

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