Genting Malaysia's US unit sued for RM2.6bil by JV partner over alleged fraud

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PETALING JAYA: Genting Malaysia Bhd’s (GENM) US incorporated subsidiary is being sued RM2.6bil (US$600mil) for fraud by its joint venture (JV) partner.

Without elaborating deeper into the issue, GENM said “the complaint is baseless and totally without merit” and it “will vigorously defend against the complaint.

BB Entertainment is in turn the Bahamian-incorporated holding company for Resorts World Bimini.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaBahamasChina

Topics: /Business/Business News Genting Americas Corporate News Genting Malaysia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 14:19:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 339 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23031532

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Official Website: thestar.com.my

Update Frequency: 45 posts per day

Year Established: 1971

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News Last Updated: 59 minutes ago

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Publisher ID: #22

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