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SocGen, Maybank cleared to fund potential suit against IPP ex-director
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Tay Peck Gek
Published Thu, Oct 1, 2020 · 09:50 PM
Singapore
SINGAPORE'S High Court has approved two major bank creditors' bid to fund Inter-Pacific Petroleum's (IPP) lawsuit against former director Goh Jin Hian.
Societe Generale and Maybank are seeking to recover at least US$156 million in losses they claim were a result of Dr Goh's alleged negligence, according to court documents.
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