Bank Islam Malaysia Berhad v Mohamad Najib Bin Shaharuddin & 3 Others

Bank Islam Malaysia Berhad (plaintiff) sued four defendants for breaches of statutory, common law, and contractual duties in managing credit facilities under Bank Islam (Labuan) Ltd (BILL). The defendants, including former CEOs and employees of BILL, were accused of mismanaging four credit facilities (Farris, Commerce Trading, Crest Group, and Crestek), leading to significant financial losses. The High Court found all defendants liable for breaches of duty and awarded damages totaling USD 31,793,700.17 against the defendants jointly and severally.