Monday, September 27, 2010

EON Bank sued for RM21.79m

KUALA LUMPUR: EON CAPITAL BHD []'s unit has received a writ of summons by a plantiff Karunanithy a/l Neelakandan claiming for RM21.79 million in damages.

EON Cap said on Monday, Sept 27, the claim was for an alleged malicious prosecution of the plaintiff by EON Bank.

The summons-in-chambers was heard on Sept 24, and the judge fixed Oct 21 for mention for the parties to file all necessary affidavits.

'The company is of the view that the said claim is not expected to result in any material and adverse impact on the operations, business and financial position of EON Bank and EON Cap. In any event, EBB has engaged legal counsel to resist the application and to defend the legal suit,' it said.


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