by Theleaders | August 9, 2023 1:46 pm
KUALA LUMPUR, Aug 9 — Tycoon Tan Sri Halim Saad has filed a civil lawsuit against former prime minister Tun Dr Mahathir Mohamad and former minister Tan Sri Nor Mohamed Yakcop, seeking compensation for the financial losses he suffered in relation to the government’s takeover of United Engineers Malaysia (UEM) Bhd and Renong Berhad.
In the civil lawsuit filed on August 2 at the High Court in Kuala Lumpur, Halim sued the two men as well as the Malaysian government.
In a public statement today, Halim claimed that the instructions given by Dr Mahathir and Nor Mohamed in the past in relation to Renong and UEM had resulted in his constitutional rights being breached.
“The collective and concerted actions of the defendants resulted in my loss of control of Renong which also meant the indirect loss of control of UEM and its highly valuable assets including but not limited to Projek Lebuhraya Utara Selatan (Plus), Elite Expressway, Laluan Kedua Malaysia (Linkedua), Intria Bina Sdn Bhd, Ho Hup Construction Sdn Bhd, Pharmaniaga Berhad and Kualiti Alam Sdn Bhd amongst others.
“I suffered financial losses as a direct result of the Defendants’ action which constituted a breach of my constitutional rights under the Federal Constitution,” he said in a brief statement today.
According to Halim, his lawsuit is based on the alleged breach of his rights under the Federal Constitution’s Article 8(1), Article 13(1) and Article 13(2), allegedly as a result of instructions to him from Dr Mahathir and Nor Mohamed.
Article 8(1) states that all persons are equal before the law and entitled to equal protection of the law, while Article 13(1) states that no person shall be deprived of property unless it is in accordance with the law and Article 13(2) requires adequate compensation to be paid for the compulsory acquisition of property.
Halim claimed that then prime minister Dr Mahathir and Nor Mohamed who was the PM’s special economic adviser had previously instructed him not to proceed with acquiring 32.69 per cent of Renong from UEM, also claiming that the duo later instructed him not to proceed with his plans with Renong to undertake a joint takeover of UEM.
Halim claimed he was instead required by the duo to support the government’s plan — via Khazanah Nasional Berhad’s wholly-owned subsidiary Danasaham Sdn Bhd — to undertake a takeover of UEM.
“The government’s plan to take over UEM and to eventually privatise it would not have been possible without my support which I was obliged to provide,” he said in his statement, concluding that the duo’s actions allegedly resulted in financial losses to him and breach of his constitutional rights.
In the lawsuit filed on Halim’s behalf by the law firm Malik Imtiaz Sarwar, the businessman is seeking for several court orders, including for the government to pay him compensation in respect of his rights as Renong’s controlling shareholder and with the compensation amount to be assessed by the High Court and the money to be paid within 14 days of the amount being determined. Malay Mail’s checks of online court listings show that Halim’s lawsuit came up for case management today at the High Court, and is scheduled for case management next on September 13
Source URL: https://theleaders-online.com/tycoon-halim-saad-sues-dr-mahathir-nor-mohamed-yakcop-for-compensation-over-renong-uem/
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