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Axiata, Bioalpha, Reservoir Link, Allianz Malaysia, CIMB, Omesti, Deleum, TNB, Mestron and Kronologi Asia

Here is a brief look at some corporate announcements and news flow on Wednesday (June 22), which involve Axiata Group Bhd, Bioalpha Holdings Bhd, Reservoir Link Energy Bhd, Allianz Malaysia Bhd, CIMB Group Holdings Bhd, Omesti Bhd, Deleum Bhd, Tenaga Nasional Bhd, Mestron Holdings Bhd and Kronologi Asia Bhd.

Deleum sues senior execs in illegal scheme but they say company condoned it

A RM20 million suit by Deleum Primera Sdn Bhd (DPSB) against four of its senior executives for purported breach of fiduciary duty has been met with a countersuit by the executives, who allege that DPSB’s parent company Deleum Bhd was aware of the kickbacks that were being paid to executives of Petronas Carigali Sdn Bhd to ensure jobs continued to go to DPSB. The allegations are contained in DPSB’s suit against its director and CEO, Mazrin Ramli, senior general manager and director, Khairulazmi Mohamad Karudin, two other DPSB executives and two Petronas Carigali tender evaluation committee members, as well as the counterclaim by Mazrin and Khairulazmi against DPSB.

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