Ramly Ali J:

THE PARTIES

[1]The first plaintiff is a company having its registered office at Lot 2398, Jalan Connaught Bridge, 41300 Klang, Selangor. The second plaintiff is the Managing Director of the first plaintiff. The third plaintiff is the Deputy Managing Director of the first plaintiff. Initially, the second and third plaintiffs were parties to the present suit. However, they have been struck off as parties and the plaintiff company (first plaintiff) is now the sole plaintiff.

[2]The defendant, at material times, is a licensed bank with a branch office at No 1, Lorong Batu Tiga, 41300 Klang, Selangor.

At all material times, the first plaintiff was a customer of the defendant operating the following accounts:

(a)one current Account No 1206–7074603–01–0 including an autopay system to pay salaries for its staff, employees and directors;

(b)one term loan facility account No: 1206–0000556–95–0;

(c)11 fixed deposit accounts Nos

1206-0275306-68-2; 1206-0275471-68-8;

1206-0275377-68-3; 1206-0275376-68-0;

1206-0275472-68-0; 1206-0275473-68-3;

1206-0275307-68-5; 1206-0275295-68-8;

1206-0275375-68-8; 1206-0275308-68-8;

and 1206-0271108-68-0.

PLAINTIFF'S CAUSES OF ACTION

The plaintiff's cause of acti