High Court throws out Halim Saad’s suit against Dr Mahathir, govt over acquisition of UEM, Renong

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Halim Saad’S Suit News

High Court,Mahathir Mohamad,UEM-Renong Case

KUALA LUMPUR, May 14 — The High Court here today allowed an application by former prime minister Tun Dr Mahathir Mohamad and two others to strike out a suit filed by tycoon Tan...

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Judicial Commissioner Suzana Muhamad Said struck out the suit against Dr Mahathir, former finance minister II Tan Sri Nor Mohamed Yakcop and the government based on the limitation of time . However, on October 31, 2013, the High Court allowed a striking-out application by Khazanah Nasional, Nor Mohamed and the government on the grounds that Halim had filed the suit after a six-year time frame.

Based on the statement of claim, filed together with the suit on August 2 last year, Halim, who is the former executive chairman and director of Renong, claimed that he intended to make a general offer to privatise UEM as a subsidiary of Renong with the implementation enabling the plaintiff to gain full control and ownership of UEM.

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