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Malaysia Ex-Minister’s Son Sued Over Debt for LionGold Shares

The executive deputy chairman of LionGold Corp., one of three companies being probed in Singapore after their shares plunged in October 2013, was sued to repay money borrowed to buy stock.

MD Wira Dani Bin Abdul Daim owed Maybank Kim Eng Securities Pte S$2.6 million ($1.9 million) for LionGold shares bought in a leveraged account, according to a lawsuit filed April in the Singapore High Court. The brokerage received court approval last month to serve the lawsuit on the scion of former Malaysian Finance Minister Daim Zainuddin.