Rich Capital, related parties facing legal suit by Batam project partner

Singapore

RICH Capital and other parties are being sued by Karya Indo Batam (KIB) for alleged conspiracy and project mismanagement, among other things.

KIB is involved in a property development project in Batam with an indirect subsidiary of Rich Capital, Oxley Batam Pte Ltd. The two parties had formed an equal joint-venture company, Oxley Karya Indo Batam (OKIB), to undertake the Oxley Batam Convention City Project.