KUALA LUMPUR: EON Capital Bhd (EON Cap) director Datuk Seri Dr Tiong Ik King yesterday testified in court on the conduct of Primus (M) Sdn Bhd, describing the latter as “a dangerous investor” with a “reckless” attitude towards the BAFIA (Banking & Financial Institutions Act).
When questioned by one of the respondent counsels, S. Suhendran, Tiong, whose family has a 16.6% stake in EONCap, told the court that one of the major reasons his family wanted to exit EONCap was because of concerns on Primus’ conduct.
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