PUTRAJAYA, Nov 11 — The Court of Appeal has set August 18 next year to hear businessman Tan Sri Halim Saad’s appeal against a High Court’s decision which struck out a lawsuit...
UEM-Renong suit: Appellate court sets Aug 18 next year to hear tycoon Halim Saad ’s appeal over suit against Dr Mahathir, two others
The lawsuit pertains to alleged losses he incurred following the government’s acquisition of shares in Renong Bhd and United Engineers Malaysia Berhad in 2001.On May 9, this year, the High Court allowed the applications by Dr Mahathir, former finance minister II Tan Sri Nor Mohamed Yakcop, and the government to strike out the lawsuit filed by the business tycoon.
However, he claimed that he was instructed by Dr Mahathir and Nor Mohamed not to proceed with the general offer because the government wanted to take over all the shares in UEM through a designated entity, namely Khazanah Nasional Berhad or a party to be nominated by Khazanah. In his memorandum of appeal, the 71-year-old business tycoon argued that the judicial commissioner erred in law and fact in dismissing his claim by res judicata due to his previous claim in the High Court.
Halim Saad Mahathir Mohamad Nor Mohamed Yakcop UEM-Renong Case Court Suit
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