Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

MMM deputy chairman files second suit against company

MMM deputy chairman files second suit against company

Kuala Lumpur: Malaysian Merchant Marine deputy chairman, Dato' Ramesh Rajaratnam, has launched a second suit against the ailing company. Dato' Rajaratnam is claiming RM5.63m in relation to his employment contract which was terminated by MMM in a letter dated 4 March, with termination commencing on 16 March. The company said it does not have sufficient funds to pay the amount claimed. It is the second claim Dato' Rajaratnam has lodged against MMM, claiming RM1.1m earlier this month for monies advanced to the company. MMM laid-off all its staff last month. [22/04/10]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish