Bruce Willis: Demands cash return from Malaysian company
On Friday a technology conglomerate from Malaysia has pledged to repay 900,000 dollars to Bruce Willis, the famous actor of Hollywood star. However it has denied of doing anything wrong when Bruce took legal action thereby demanding a refund of his investment.
More news on Bruce Willis has been grabbed from quite a number of sources. According to them, the Kuala Lumpur-based Petra Group environmental technology company commented that in the year 2007 Willis has invested 2 million dollars to its subsidiary, Green Rubber, a developer of technology that can recycle rubber in old tires.
Petra has made a return of 1.1 million dollars to Bruce Willis sometime earlier this year when he took the decision of pulling out his investment. According newspaper reports the actor has launched a court complaint in Los Angeles this week to recoup the remaining money of 900,000 dollars.
In an e-mailed statement to a popular news agency of United States the company said that it has the intension of paying the balance to Bruce Willis "within the next few weeks" and that the actor need not have to file the court complaint.
It is said that the Petra Group is "very surprised by Mr. Willis' actions and refute in the strongest possible terms any allegations of impropriety,"
According to the statement Green Rubber was seeking an initial public offering in London when Willis made the investment last year. However the CEO of the Petra Group has agreed to buy back the shares of the star at any point "as a gesture of goodwill."
It is also stated that "Unfortunately, the market then took an unforeseeable severe downturn, caused by the global credit crunch, and flotation plans had to be put on hold." "Mr. Willis asked to sell his shares back ... despite the company's exceptional underlying operating performance."