Tycoon Halim Saad applies to reinstate RM2 billion suit against Putrajaya, Khazanah
BY V. ANBALAGAN, ASSISTANT NEWS EDITOR
November 14, 2013
Tycoon Tan Sri Halim Saad (pic, right) has gone to the Court of Appeal to reinstate his RM2 billion suit against Putrajaya, Khazanah Nasional and a former minister for allegedly duping him into giving up control of troubled conglomerate Renong Bhd.

The notice of appeal against the October 31 High Court ruling that struck out the suit was filed on Monday.

Halim's solicitors, Sreenivasan and Young, would now be waiting for judge Datuk Hanipah Farikullah to provide her written ground before filing the appeal.

In allowing the defendant's application to strike out the suit, Hanipah had said that Halim's action was filed out of time.

She based this on the Limitation Act which states that claims for civil suits have to be filed within six years.

"He has been sleeping on his right," she had said when delivering her oral judgment after hearing submissions from lawyers representing Putrajaya, Khazanah, former Second Finance Minister Tan Sri Nor Mohamed Yakcop and Halim.

Halim, who filed his suit in April this year, claimed  the defendants "fraudulently induced" him to sell UEM and Renong shares to Khazanah in 2001 and 2003.

However, Nor Mohamed claimed Renong and UEM assets held by Halim belonged to Umno.

Court documents revealed that Halim had negotiatiated a lump sum payment through Nor Mohamed but was not entertained by Khazanah Nasional, the national sovereign wealth fund. - November 14, 2013.