KUALA LUMPUR: Alan Rajendram the former director of troubled-Linear Corp Bhd finally broke his silence to say that he has signed a personal guarantee to recover the RM36mil paid to Global Investment Group (GIG) if the agreement for the RM1.6bil King Dome project was not signed by November this year.
Rajendram resigned as director of Linear on May 18 after a fall out with his business partner Bryann Pillay. Both had controlled the company via a 19% equity stake but that stake had since been divested to parties linked to Yap Chee Keong and Saw Heng Soo, the new executive directors of Linear.
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