What triggered the RM10 million bond obligation for former PKR elected officials?

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The RM10 Million Bond Obligation Was Triggered by Specific Actions of Former PKR Elected Officials

The RM10 million bond obligation for former Parti Keadilan Rakyat (PKR) elected officials was triggered by several key events, primarily related to their departure from the party and allegiance to other political entities. These actions constituted a breach of the bond's terms, necessitating the payment of the stipulated sum.
Resignation from the Party and Support for Other Coalitions

The bond's operative clause stipulated that former elected officials would be liable to pay PKR RM10 million within seven days of certain events occurring. These triggering events explicitly included resigning from the party, joining another political party, or electing to serve as an independent representative. The claim further detailed that on February 24, 2020, each defendant ceased to be a party member after having been elected under PKR's banner. Concurrently, these individuals also expressed support for a political coalition that was not PKR.
Formal Termination of Membership and Subsequent Demand for Payment

PKR formally decided to terminate the membership of each defendant with immediate effect on March 11, 2020. A certificate was subsequently issued on March 16, 2020, confirming the termination of their party memberships. Following these actions, PKR issued a formal demand for the payment of the RM10 million bond on July 28, 2020, asserting that the defendants had breached the bond and were thus obligated to pay. However, the defendants failed to meet this demand for payment.
The Bond as a Protective Mechanism

The bond was instituted by PKR as a mechanism designed to safeguard the party's interests and mitigate potential risks associated with its elected representatives' actions. The legal action taken by PKR, through its secretary-general Datuk Dr Fuziah Salleh, seeks a court order compelling each defendant to pay the RM10 million bond, along with legal costs and interest. The lawsuits were filed by the law firm Nav & Co at the High Court in Kuala Lumpur.

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What triggered the RM10 million bond obligation for former PKR elected officials?

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