Friday, 19 July 2013

Khazanah dismisses report about out-of-court settlement with Tan Sri Halim Saad

Khazanah Nasional Bhd has dismissed a local daily's report about its purported out-of-court settlement with tycoon Tan Sri Halim Saad. Halim recently filed a legal suit against Khazanah, Tan Sri Nor Mohamed Yakcop and the government over a sour Renong Bhd deal. "The respective defendants would like to state that contrary to the said article, there is neither a settlement being proposed nor are they aware of any discussions in respect of the same," Khazanah said in a statement yesterday. Khazanah and the other defendants continued to believe that they have a strong defence against the claim by Halim, former Renong group boss, that he was made to sell his stake in the group. (BT)

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