Tycoon Vinod Sekhar sued by investors, ex-employees for fraud

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Petra Group chairman Datuk Vinod Sekhar is being sued by 12 of his investors and former employees for alleged fraud.

Messrs Goh Wong Pereira, in a statement today, said Vinod’s wife Winy Yeap Liew Heoh was also named as a defendant.

“Vinod, one of the country’s high-profile businessmen, was sued for alleged fraud, misrepresentation, breach of contract and an acknowledgement of debt.

“The plaintiffs, who are from across the globe, including the United States, Panama, the United Kingdom, Dubai and Thailand, allege that Vinod persuaded them to invest in his Green Rubber business, despite not informing them of his status as a bankrupt at the material times.

“The plaintiffs are seeking just under RM30 million, inclusive of interest,” read the statement.

According to the statement, the plaintiffs alleged that Vinod had provided reassurances that one “Anwar”, understood to be Prime Minister Datuk Seri Anwar Ibrahim, would resolve any issue relating to the businessman’s status as a bankrupt at the material times.

The statement added that the plaintiffs want each individual named in the legal action to appear in person to testify in the High Court hearing, which may possibly include Anwar. – NST