STATE-backed development financial institution Bank Pembangunan Malaysia Berhad is facing a massive legal rebound after the majority shareholder of Aries Telecoms initiated a sweeping civil action seeking up to RM2 billion in damages over the controversial liquidation of the strategic infrastructure company.
The high-stakes lawsuit, filed by Open Fibre Sdn Bhd in the Kuala Lumpur High Court on 5 June, this year marks an aggressive re-angling of a bitter corporate dispute.
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