KUALA LUMPUR: Businessman Tan Sri Halim Saad has sued Tun Dr Mahathir Mohamad and two others over losses he allegedly suffered during the government's takeover of United Engineers Malaysia (UEM) Bhd and Renong Bhd in 2001.
The 70-year-old tycoon filed the lawsuit at the High Court registry through Messrs Malik Imtiaz Sarwar on Aug 2.
At the material time, he claimed that Renong held 37.92% shares in UEM and that he was the single largest individual shareholder in Renong, and was in control of Renong. "In line with this, the plaintiff was also directed to exit both UEM and Renong, both as shareholder and director including in subsidiaries of the said companies.
He said he complied with the said direction as Dr Mahathir was then the prime minister and finance minister.
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