Court bailiffs had on Aug 7 raided the house of rubber industry figure Vinod Sekhar in Bukit Tunku, Kuala Lumpur and allegedly seized valuables worth RM150,000.
According to court documents and a lawyer representing an Irish national who sued Sekhar for breach of a contract, the action was taken to fulfil a writ of seizure issued by the Kuala Lumpur Sessions Court recently.
This followed the court’s decision to award John Slattery US$108,000 (equivalent to about RM449,000) as a full settlement for his suit against the businessperson.
The judgment was made in default on June 11 following Sekhar’s failure to appear before the court.
Slattery’s lawyer Colin Pereira told thatslife that his client filed a civil suit against Sekhar to claim the US$108,000 which Slattery had paid to Sekhar in 2017 as an investment in Green Rubber Sdn Bhd, a company which Sekhar was chairperson and founder.
He said that based on his client’s instructions, Sekhar had also promised his client positions in three companies including as executive director in Green Rubber Sdn Bhd and as senior vice-president of strategic development in Sekhar’s well-known Petra Group.
Sekhar is chair of Petra Group and also the company’s chief executive officer. He admits that the baliffs came to his property, but denies that a raid that took place and says that no assets were seized.
Pereira said: “During the interview for these posts, Sekhar had offered my client the opportunity to invest in Green Rubber. He had represented to my client that he was a famous corporate figure and that his father was a prominent figure in the rubber industry.
“However, according to my client, he never mentioned that he was bankrupt.
“My client had then agreed to invest in the company and transferred the sum into Sekhar’s personal bank account on May 16, 2017. However, to date, no shares had been transferred to my client,” he said.
Pereira said the court ordered Sekhar to pay a sum of US$108,000 or its equivalent in ringgit a at the time of full settlement plus a five percent annual interest beginning May 16, 2017, until the amount was fully settled.
According to the lawyer, they secured a writ of seizure from the court after Sekhar failed to respond to the court judgment.
This led court bailiffs to Sekhar’s house in Bukit Tunku where they seized various items including electronics, furniture and fixtures valued at a total RM150,000.
Pereira added the court had on Aug 13 also issued an arrest warrant for Sekhar following his failure to appear before the court.
When contacted by thatslife, Sekhar said that he had nothing to do with the case personally and that it was a matter between Green Rubber as a company and Slattery as a former employee.
According to him, the issue involved a contract of employment between Green Rubber and Slattery, which saw Slattery entitled to a certain amount of company shares plus another sum of shares which he was allowed to purchase from Green Rubber at a price lower than market value.
Sekhar said the shares were offered for some work that Slattery had to do for the company which he claimed the plaintiff did not carry out during his term with the company for about nine months. He declined to disclose what the terms of the contract were.
He also claimed that the judgement-in-default was made when he was undergoing treatment for a heart complication in Chennai, India.
“My lawyer is working to set aside the civil suit. Because it was done without my knowledge. It was done ex parte, without me. Judgement in default was also done without me. I was sick,” he said.
Sekhar said the company was also working to achieve an amicable settlement with Slattery. On the arrest warrant on him, he claimed that his lawyers had already got it set aside.