National housing company sues ex-CEO, contractors for RM141mil damages

Syarikat Perumahan Negara Bhd’s (SPNB) unit is alleging conspiracies to defraud the company in various affordable housing projects.

SPNB’s former CEO Ahmad Azizi Ali has been sued along with 11 other parties for allegedly conspiring to defraud SPNB Aspirasi in relation to affordable housing projects in Kuantan, Pahang.

According to court documents sighted by The Edge, the 12 parties are alleged to have conducted a series of conspiracies to defraud SPNB Aspirasi in affordable housing projects involving 469 terrace units in Kuantan, Pahang, between 2014 and 2019. The project’s architecture firm Akitek Akiprima was said to have appointed four consultants without SPNB Aspirasi’s approval, and allegedly approved false claims from TMDC against SPNB Aspirasi, which triggered the event of default.

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