Now, the couple faces two legal suits exceeding RM700 million.
Amid ongoing legal battles, former Prime Minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor now find themselves at the centre of two more lawsuits, this time involving carpet dealer Deepak Jaikishan.
Deepak has filed a suit against Najib, Rosmah and two others for conspiring and exerting undue influence on him over three parcels of land near Bukit Raja, Klang.
In the suit filed on Oct 12, Deepak has named Najib, Rosmah, Boustead Holdings Berhad and Bakti Wira Development Sdn Bhd as defendants and he is seeking to claim various losses caused by the defendants.
Deepak said he was the majority shareholder of Astacanggih Sdn Bhd and a minority shareholder of Awan Megah Sdn Bhd where former Selangor Umno Wanita chief Raja Ropiaah Abdullah was the majority shareholder.
He said Raja Ropiaah was also close to Najib and Rosmah as she was a politician and businesswoman.
According to Deepak, in June 2005, Awan Megah entered into an agreement with the government to deliver an RM100 million National Defence Education Centre (Puspahanas) project in Kapar, Selangor.
In June 2007, Awan Megah offered Astacanggih to buy the land at RM118.5 million through an acquisition agreement.
In return, Astacanggih was to pay Awan Megah RM13 million in cash and obtain a bank guarantee of RM72.5 million as land bond for the project.
Deepak said the acquisition agreement was signed smoothly as he had given the couple RM30 million through Najib’s brother, Johari.
He said Najib, who was defence minister then, could approve the acquisition agreement.
Deepak said he performed his side of the bargain but Raja Ropiaah breached the agreement to provide him with the land title to be transferred to Astacanggih.
He said he took action against Raja Roopiah and Awan Megah in 2011. However, he said he withdrew the suit as Najib and Rosmah forced him to do so.
Deepak said the couple also promised to compensate him from their business ventures elsewhere.
He said the couple also used Boustead Holdings Sdn Bhd, whose majority shareholder is Lembaga Tabung Angkatan Tentera (LTAT), to purchase 80% of Astacanggih’s shares.
Deepak said in December 2012, he had no choice but to dispose of his 16 million shares in Astacanggih to Bakti Development Wira Sdn Bhd, a subsidiary of LTAT.
He said Astacanggih was only paid RM30 million for the shares while the market value of the land in dispute between Astacanggih and Awan Megah was in the region of RM500 million.
Deepak said Najib and Rosmah further used Boustead and Bakti Development Wira to acquire the majority shares to weaken his bargaining position with Raja Ropiaah.
He said Boustead and Bakti Development Wira entered into a separate agreement with Awan Megah, thus sidelining Astacanggih and caused him to suffer huge financial losses.
Deepak said he and his company lost about RM300 million as a result of Boustead and Bakti Development Wira acquiring Astacanggih while the acquisition agreement with Awan Megah could have netted him RM500 million in profit.
Depak said he attempted to buy the shares back but could not do so due to pressure from the couple.
He said Boustead finally sold the land to UMW for RM640 million when the market price of the land was only RM130 million.
Deepak now is seeking for the return of his shares, on top of RM600 million in general damages, RM50 million of exemplary damages and RM26 million in aggravated damages.
Concurrently, Deepak, his younger brother Rajesh Jaikishan, and their company Radiant Splendour Sdn Bhd are also suing Najib, Rosmah and three others for RM52.6 million.
The brothers claimed that Najib, Rosmah, Najib’s brother Johari, former Tabung Haji chairman Azeez Rahim and Bank Rakyat chairman Shukry Salleh were part of a conspiracy to “force” them to take the RM198.8 million bank loan from Bank Rakyat 10 years ago.
“My brother and I were acting as ‘proxies’ for Najib and Rosmah for the 2008 loan and the couple was supposed to settle the loan for us,” Deepak said in his suit.
Deepak added he and his brother had to surrender 80 apartments in Kuala Lumpur as collateral for the loan.
The siblings also claimed that Bank Rakyat threatened to auction off their apartments, based on Najib and Rosmah’s orders.
Deepak and Rajesh had also filed another suit against Bank Rakyat in June, claiming that the bank had auctioned off their apartments wrongly and at below the market price.
In the siblings’ Bank Rakyat suit, they claimed that the bank made the order to sell off their apartments after being instructed by Najib, Rosmah and three others.
Earlier report: Oct 17, Deepak Sues Najib, Rosmah, Three Others for RM52.6M