PETALING JAYA: LGM Properties Corporation (LGMPC), a subsidiary of the Malaysian Rubber Board (MRB), has issued a letter of demand to SedarMalaysia for an apology and RM10 million in damages over allegations made against the company.

This is specifically over the NGO’s allegations on Facebook that the company saw a loss in revenue of up to RM5.8 million in 2020.

In the letter of demand sent today, LGMPC’s lawyers said the NGO’s allegations were baseless and defamatory toward the company’s integrity, adding that it caused the corporation distress and embarrassment.

LGMPC is demanding that the NGO publish an apology within seven days and for a written assurance that it will not publish any more “similar articles” involving the company.

“With that, you are also required to compensate our client by way of damages for injury to their reputation not less than RM10 million.

“Should you fail to accede to our client’s demands, we have firm instruction to proceed with legal proceedings in which you will also be liable for costs and interest therein,” said the letter.

In a statement, the company said it had previously given the NGO 48 hours to take down the online posts containing the allegations and issue an apology over its claims but it did not comply with LGMPC’s demands.

“With that, LGMPC has instructed our lawyers Srihana Mohamad & Partners to take legal action against SedarMalaysia to protect LGMPC’s reputation and interests,” it said.

The NGO had also alleged that plantation industries and commodities minister Khairuddin Aman Razali approved the lease of two plots of land owned by MRB at Jalan Ampang, Kuala Lumpur, below the market rate. The minister has lodged a police report over these allegations.

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SedarMalaysia alleged that Khairuddin approved the lease for Lot 20013 to Al-Noor Foundation at a price of 70 sen per sq ft, compared with the market price of RM2.50, for a period of 15+10 years with a 10% lease rate increase every five years.

The NGO also claimed that Lot 20012, with an area of 8.89 acres, was proposed to be sold to Eurowhite Sdn Bhd at a price of RM1,032.92 per sq ft, which is said to be below the market price of about RM1,400 per sq ft.



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