PETALING JAYA: Protasco Bhd non-executive director Tey Por Yee yesterday claimed that its board of directors refused to have managing director Datuk Seri Chong Ket Pen answer any of the allegations on a RM10 million personal financial gain.
The call to suspend Chong until disciplinary action can be taken was also not allowed to be tabled at the board’s meeting yesterday, Tey said.
Protasco had in September launched a legal suit against Tey, another non-executive director Ooi Kock Aun and PT Anglo Slavic Utama (PT ASU) to claim back US$22.1 million (RM72.49 million) it paid in its foiled attempt to buy a controlling stake in an oil and gas firm in Indonesia.
In return, Tey filed a derivative action early this week against six board members of RS Maha Niaga Sdn Bhd, including Chong, to recover RM10 million for Protasco. Tey also sought to remove Chong by calling for an extraordinary general meeting (EGM) on November 28.
In a statement yesterday, Tey said Protasco had brought in lawyers to the board meeting, who then objected to the resolution being tabled or put to vote.
Tey also said the EGM called by Protasco’s board two days earlier than the one by him is deliberately to “prevent shareholders from knowing the truth”.
Meanwhile, Protasco said its board had agreed to hold an EGM on November 26 to deliberate on the resolution to remove Tey and Ooi as its directors.
“A notice to call the EGM will be issued in due course and further announcement(s) on the matter will be made.”