LOS ANGELES, Nov 21 — Hollywood actor Bruce Willis of “Die Hard” fame is suing Malaysia’s Petra Group and Tunku Imran Tuanku Ja’afar over a “green rubber venture”, Bloomberg news reported today.
The actor is demanding the return of US$900,000 (RM3.2 million) of the US$2 million he invested in the venture.
According to court papers filed in federal court in Los Angeles, California, Petra's chief executive Datuk Vinod B. Shekhar and Tunku Imran had induced him to invest in a company that was developing a non-toxic and recyclable rubber.
Willis had a put option, whereby for a specified period time he could get a full refund of his investment, according to the complaint. He exercised the option on March 17, Willis said, according to the Bloomberg report.
Willis said in his filing that he was told former US Vice-President Al Gore and actor Mel Gibson had also invested in the company, Elastomer Technologies Ltd.
I guess they won't be expecting any christmas cards from Bruce Willis this year.
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