Tanjung Offshore files RM20m suit against ex-MD, 2 others

KUALA LUMPUR: Oil-and-gas services provider Tanjung Offshore Bhd has filed a suit against the former group adviser and managing director  Harzani Azmi and two other parties over alleged breaches of fiduciary duties.

The company announced to Bursa Malaysia the other two parties are former executive director Tan Wee Koh and Al Maurid Resources 

“The plaintiff (Tanjung Offshore) is seeking, inter alia, the payment by the defendants, or any one of them, of RM20mil, or any sums as may be ordered by the court, including orders for declarations, damages and ancillary relief in relation to the breaches of fiduciary duties, negligence, breach of trust and/or conspiracy committed by the defendants, or any one of them,” it said.

Tanjung Offshore said it had on Jan 6, 2009 purchased 51% of Gas Generators (Malaysia) Sdn Bhd (Gastec) for RM5.10mil.

It said that on or around Oct 21, 2013, the plaintiff purchased the remaining 49% shares in Gastec for a consideration of RM34.30mil.

It alleged there were breaches of fiduciary duties, negligence, breach of trust and/or conspiracy in their conduct during and events transpiring after the second Gastec acquisition.

“The company has been advised by Messrs Wong & Partners that the plaintiff has good grounds to succeed in the suit,” it said.

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