Protasco directors in legal tussle over the recovery of RM10mil

PETALING JAYA: In a turn of events, Protasco Bhd independent director Tey Por Yee (pic left) has filed a derivative action at the Kuala Lumpur High Court against the company’s managing director Datuk Seri Chong Ket Pen (pic right) and six others for the recovery of RM10mil.

Tey, through his private vehicle Kingdom Seekers Ventures Sdn Bhd, is suing the defendants for and on behalf of Protasco to recover the money which Chong had allegedly benefitted from via a private company RS Maha Niaga Sdn Bhd.