Two Protasco non-exec directors deny allegations

PETALING JAYA: Protasco Bhd non-executive directors Tey Por Yee and Ooi Kock Aun have denied all allegations made against them by the company and will file their defence at the end of this month. Tey and Ooi have retained the law firm, Gideon Tan Razali Zaini, to enter defence.

They entered an appearance at the Kuala Lumpur High Court on Oct 15.

In a statement, Tey and Ooi said: “We have carried out our fiduciary and statutory duties to the best of our ability. We resolutely deny all these allegations. “The allegations are not true and not supported by facts. These will be made apparent when we file our defence at the end of this month, where proof will be furnished to back our defence.”

The two directors added that they were not directors of PT Anglo Slavic Utama as reported recently.

On Sept 22, Protasco announced that it has filed a legal suit against Tey and Ooi for conspiracy to defraud Protasco and making secret profit.

Subsequently, it announced that the claim against Tey and Ooi was US$27mil (RM88.56mil) in damages, with 5% interest pre and post judgment on Sept 24.