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