Court allows Dr M to strike out UEM-Renong lawsuit by Halim Saad

  • 📰 staronline
  • ⏱ Reading Time:
  • 26 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 75%

Courts Crime News

Dr Mahathir Mohamad,Halim Saad,UEM

A 56-year-old retiree lost RM619,390 after falling victim to a non-existent online investment scheme.

KUALA LUMPUR: Tun Dr Mahathir Mohamad and two others have successfully struck out a lawsuit by business tycoon Tan Sri Halim Saad over losses allegedly suffered during the government's takeover of United Engineers Malaysia Bhd and Renong Bhd in 2001.

JC Dr Suzana noted that Halim had another lawsuit in 2013 that was disposed of, and whatever issues were raised then were bound by the principle of res judicata and limitation of time. Halim had filed a similar lawsuit on April 17, 2013, against Khazanah Nasional, Nor Mohamed Yakcop, and the government to claim damages of more than RM1.8bil for selling his interests in Renong.

Senior Federal Counsel Ahmad Hanir Hambaly appeared for Dr Mahathir, Nor Mohamed Yakcop and the government.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines