Ex-Mara Corp CEO fails to set aside RM3.4mil order
Appellate court upholds findings that Badlisyah Abdul Ghani breached contractual, fiduciary and statutory duties during his three-month tenure.
Former Mara Corporation CEO Badlisyah Abdul Ghani has been ordered by the Court of Appeal to pay the company RM3.4 million for his breach of duty during his short tenure as CEO from September 2020 to January 2021. The bench, comprising Justices Wong Kian Kheong, Ahmad Kamal Shahid, and Ahmad Fairuz Zainol Abidin, upheld the High Court's decision and also ordered him to pay RM50,000 in costs.
During his three-month tenure, Badlisyah hired 25 employees, purchased 25 Microsoft Office Surface laptops, and appointed a public relations firm and a recruitment firm without board approval, all of which incurred significant costs for the company. He was also found to have misrepresented the employment status of four workers, leading to the lower court ruling that his authority to appoint senior directors was invalid.
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- Mara Corp ex-CEO fails to overturn RM3.4mil court order nst.com.my
- Ex-Mara Corp CEO fails to set aside RM3.4mil order freemalaysiatoday.com
