Maybank claiming RM113.9m from Scomi Group


The claimed sum originally arose due to the default in payment to Maybank by Scomi Rail, which was wound-up on May 6,2019 with a receiver and manager appointed on May 9.

KUALA LUMPUR: Malayan Banking Bhd has served a writ of summons on Scomi Group Bhd seeking RM113.95mil following a default in payment by an indirect subsidiary, Scomi Rail Bhd.

Scomi Group said on Tuesday Maybank was claiming the amount together with interest at 3.5% per annum above the bank’s base lending rate on a monthly rest and compounded monthly until full settlement of about RM22.77mil.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Scomi Group , Scomi Rail , Maybank , default , payment

Next In Business News

Vance says US-Iran talks have failed, no agreement reached
The dark truth about GRRs
The little giants of property development
Malaysia’s urban squeeze
Ringgit may breach 3.95 next week on Middle East ceasefire optimism
Tokens lure top AI talent
AI rewrites Bollywood’s script
Treasuries face war cost test
Don’t bend lending rules for power boom
Staying rational in volatile times

Others Also Read