Extract from "The Impending Fall of Vincent Tan":
Sources claimed Vincent's allegation against Spanco is libelous and does not represent the true picture of his contract.
Without revealing the details yet, the terms of the concession awarded to Vincent from Mahathir is not the same with the original Spanco contract. Vincent's does not include vehicle maintainance in the contract.
An intelligent guess would be that Spanco did not take kindly to the allegation by Vincent. The reason their lawyer Edmond Bon disagree with the term of withdrawal. Is a counter lawsuit in the making?
Robert Tan who was questioned by MACC for Spanco have every reason to be angry for the ordeal the he had to go through.
If a Tan vs Tan or Bangsa Johor vs Bangsa Johor or more precisely Batu Pahat-an vs Batu Pahat-an war erupt, it will be a war the elephants in which that the grass will usually suffer.
Vincent's Berjaya Food has been hurting from the global boycott against Starbuck. Late year, there was a sell call on the company shares by analysts. Looks like its one of the elephant is already injured before the battle got started.
One deep throat claimed Vincent is already on code red emergency and has only a few hundred millions Ringgit surplus out of the Forbes reported networth of USD695 million. That explains why he need to prop up confidence in his planned sales of Starbuck.
Agong maybe his partner in Berjaya Food and Red Tone, but words on the street is he has fall out of favour for the inappropriate union of another of his business partner.
Read on in Thick as a Brick HERE.
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