Stamford Land and investor Mano Sabnani arrive at amicable settlement

SINGAPORE (Oct 6): Stamford Land Corp and Mano Sabnani (pictured), the shareholder it filed a lawsuit against less a month ago, have arrived at an amicable settlement of all differences between them, with both parties agreeing to “bring this unhappy episode to an end”.

In early Sept, the former senior financial journalist and investment banker was being sued by Stamford and its directors for publishing allegedly defamatory statements in a July 27 Facebook post and a July 31 letter to The Business Times, as well as having uttered defamatory statements at two annual general meetings in 2016 and 2018.

Last week, Sabnani filed his defence, arguing that his statements were fair comment and protected by qualified privileged as robust discussions between shareholders and the company’s management encourages transparency and accountability.

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