PETALING JAYA: Property developer Paramount Corp Bhd
contends that the company has not been involved in any wrongdoing over the acquisition of a condominium property in which 70%-owned subsidiary, Tanah Bayumas Sdn Bhd (TBSB), together with Adam Primus Varghese Abdullah and Macpherson Simon of Adamprimus & Co (the receiver) and RHB Bank Bhd are being sued over.
Paramount announced to the stock exchange last Friday that TBSB and the others were named as defendants in a lawsuit by Prismaworld Embassyview Sdn Bhd (PESB), the owner of a leasehold condominium property under receivership located in the prestigious diplomatic enclave of Kuala Lumpur that TBSB signed a sale and purchase agreement (SPA) to acquire last December for RM145mil.
