The Felda Global Ventures Holdings Bhd (FGV) listing proposal was hit with another problem today when 140 Felda settlers nationwide filed an injunction application to bar the authorities from processing their loan applications to purchase shares for the listing.

The settlers from Pahang, Kedah and Johor also stated in their application that should their loan forms be processed, they would want an injunction to stop the funds from being transferred to FGV.

NONE The application was filed by the settlers at the High Court in Kuantan through the law firm of Mohd Harris.

Their lawyer, Mohd Harris Abdullah, told Malaysiakini that the application names 44 Felda managers nationwide and five banks involved in the listing exercise as respondents.

The financial institutions are CIMB Bank, Maybank Islamic, Ambank, Affin Bank and Bank Islam.

Mohd Harris said false promises had been made by the authorities to the settlers, no proper briefing given and harassment to sign blank loan application forms were reasons for the settlers to file for the injunction.

He said the Kuantan High Court has fixed July 6 to hear the injunction application, inter-parte, before Justice Mariana Yahya.

The FGV is slated to be listed on Bursa Malaysia on Thursday.

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