GROUNDS OF JUDGMENT

Preamble

On 21 February 2002, the learned Senior Assistant Registrar entered judgment against the second and fourth defendants for:-

(i) RM100 million;

(ii) Interest on:-

(a) RM25 million at 1.5% above Pacific Bank Bhd's Base Lending Rate (BLR) per annum, compounded monthly from 14 January 1999 till date of full settlement;

(b) RM15 million at 1.5% above BSN Merchant Bank Bhd Cost of Funds per annum, compounded monthly from 15 January 1999 till date of full settlement;

(c) RM10 million at 1.5% above Public Finance Bhd's BLR per annum, compounded monthly from 15 January 1999 till date of full settlement;

(d) RM10 million at 1.5% above Interfmance Bhd's BLR per annum, compounded monthly from 2 April 1999 till date of full settlement;

(e) RM15 million at 1.5% above BSN Finance Bhd's BLR per annum, compounded monthly from 5 April 1999 till date of full settlement;

(f) RM10 million at 1.5% above BSN Commercial Bank Bhd's BLR per annum, compounded monthly from 5 April 1999 till date of full settlement;

(g) RM15 million at 1.5% above Sabah Development Bank Bhd's Cost of Funds per annum, compounded monthly from 6 April 1999 till date of full settlement; and

(iii) Costs on solicitor