KUALA LUMPUR: Tan Sri Kasitah Gaddam negotiated a reduction of his RM12.3mil debt with a bank to RM11.5mil and settled the amount after three notices of demand were issued to him, a High Court here heard.
Former DCB Bank (now RHB Bank Bhd) assistant general manager Rossana Annizah Ahmad Rashidi, 41, said the third notice of demand, dated July 24, 1997, stated that he owed the bank RM12.3mil.
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