Ithunk 1st Gear October 13, 2009 Share October 13, 2009 BILLIONAIRE investor Peter Lim has won his defamation suit against the main shareholders of Raffles Town Club (RTC), after the Court of Appeal ruled in his favour on Thursday. The stunning verdict is likely to lead to a big payout to Mr Lim as the court also ordered the defendants - Mr Lin Jian Wei and Ms Margaret Tung - to pay aggravated damages. Mr Lim had claimed that a statement signed by Mr Lin Jian Wei and Ms Margaret Tung was defamatory, as it implied that the club's financial difficulties were due to mismanagement by the original directors, of whom he was one. This was Mr Lim's second attempt at clearing his name, after his defamation action was dismissed by the High Court in February. Justice Chan Seng Onn had then found the statement to be defamatory, but ruled that it was published on an occasion of qualified privilege and that the purpose was not to hurt Mr Lim's reputation. The statement, issued in 2005, was to explain a scheme of payment the club had to make to its members who had successfully sued it for recruiting too many members. The club had to come up with the scheme as it was unable to pay the damages. Under Thursday's 34-page ruling, Mr Lin and Ms Tung were ordered to pay aggravated damages and cost of indemnity to Mr Lim. ↡ Advertisement Link to post Share on other sites More sharing options...
Ithunk 1st Gear October 13, 2009 Author Share October 13, 2009 seems like billionaires have another way to earn cash.....suing for defamation Link to post Share on other sites More sharing options...
Hamburger Hypersonic October 13, 2009 Share October 13, 2009 r referring..... [sweatdrop] Link to post Share on other sites More sharing options...
Ithunk 1st Gear October 13, 2009 Author Share October 13, 2009 anyway the case is complicated, not as easy as it looks Link to post Share on other sites More sharing options...
Dunno Neutral Newbie October 13, 2009 Share October 13, 2009 seems like billionaires have another way to earn cash.....suing for defamation Not only billionaires. Some white shirts also. Link to post Share on other sites More sharing options...
Hamburger Hypersonic October 13, 2009 Share October 13, 2009 Not only billionaires. Some white shirts also. walau........u more hiong than mi Link to post Share on other sites More sharing options...
Dunno Neutral Newbie October 13, 2009 Share October 13, 2009 walau........u more hiong than mi I also wear white shirts to office sometimes mah. Link to post Share on other sites More sharing options...
Hamburger Hypersonic October 13, 2009 Share October 13, 2009 I also wear white shirts to office sometimes mah. mi too, but i definitely don wear white pants . Link to post Share on other sites More sharing options...
Locknload 5th Gear October 13, 2009 Share October 13, 2009 I also wear white shirts to office sometimes mah. Aiyah, if you wear matching white pants, sure win! Link to post Share on other sites More sharing options...
Hondacub777 6th Gear October 13, 2009 Share October 13, 2009 By the way,he can buy the whole club. Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 9, 2009 Share November 9, 2009 Well done Peter Lim. ↡ Advertisement Link to post Share on other sites More sharing options...
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