KUALA LUMPUR, May 16 — Kontena Nasional Berhad (KNB) ,a public company limited by shares in the business of transportation and logistics services, has sued its former chief executive Hood Osman, according to a Bursa Malaysia filing today.
KNB’s claim is premised primarily on Hood breaching his employment contract with the company, alleged fraud, and various breaches of duty of care under common law and the Companies Act 2016.
KNB has claimed for damages amounting to RM66.6 million in general damages, full indemnity against any claims arising from the transactions, interest and costs.
The legal action taken by KNB is not expected to have any significant financial and operational impact on the MMC Group for the financial year ending December 31, 2018.
