Villas in Karambunai well-kept – operators

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KUALA LUMPUR: Operators of the luxury Nexus Karambunai Residence Spa and Pool Villas in Sabah have denied investors’ claims that their properties were ill-managed, suggesting instead that the accusations were deliberately aimed at influencing an ongoing arbitration process.

Nexus Bay Resort Karambunai Sdn Bhd, a wholly owned subsidiary of Karambunai Corp Sdn Bhd, pointed out here that prior to Tuesday’s demand for Putrajaya’s intervention by investors keen on recovering their RM32 million in unpaid rental income, the group had already engaged operators in an arbitration bid and was awaiting the outcome.

In a brief statement to The Malay Mail Online on Tuesday, lawyers for Nexus Bay Karambunai added that not only was their client engaged in an arbitration process with the Nexus Property Owners Association (NPOA), there was also a separate court matter on hold pending the disposal of the arbitration matter.

“Our client views with concern, certain of the [sic]statements which suggest that third parties should step in when those very members had submitted their differences with our client to arbitration, the said members’ court action having been stayed with costs granted against them pending the arbitration process,” law firm Lim Guan Sing & Co said on the statement.

“It would appear that these statements were issued and calculated to pre-empt, interfere with and influence the outcome of the arbitration process which is still ongoing,” it added.

According to NPOA, 108 of the affected investors had filed for arbitration in 2011, with the arbitrator initially set to decide on November 20 whether the villa owners could even go on with the arbitration, but the decision was postponed.