Messrs Tan Hock Chuan and Co today informed the Kuala Lumpur High Court that it was discharging itself from representing troubled state company 1MDB in the “pink diamond suit” filed by ex-Umno member Khairuddin Abu Hassan against the company.
Tan said they informed Justice Ahmad Zaidi Ibrahim about this in his chambers.
"We apply to discharge ourselves as we cannot get instructions from the company," said Tan.
Today was initially fixed for striking out applications by Najib Abdul Razak's wife Rosmah Mansor, Jho Low and 1MDB who were named as defendants in the suit.
Khairuddin had filed the suit filed over a 22-carat pink diamond, said to be worth US$23.7 million and a pink necklace which is estimated to be worth US$4.3 million.
Rosmah's lawyer, Yazid Mustaqim, said his client's application had been vacated to June 21 for further case management as further instructions were needed on the striking out application following recent developments regarding the change in government.
Lawyer for Khairuddin, Damien Chan, said they may decide to amend Khairuddin's statement of claim following the recent declassification of the 1MDB audit report.
Khairuddin in his US$23.7 million suit wants Rosmah to return a jewellery allegedly bought with syphoned 1MDB funds and return it to 1MDB.
He alleged that between June 2013 and March 2014, Low had acted through his agent, Eric Tan, to purchase jewellery from Lorraine Schwartz in New York for the sum of US$27.3 million, which Khairuddin said came from misappropriated 1MDB funds.
He claimed that the necklace was given to Rosmah sometime in March 2014 and that it should be returned to 1MDB, along with the return of the money Low allegedly misappropriated from the sovereign wealth fund.
He added that since Rosmah gave no consideration to the said necklace, she has no title in law or equity to it, meaning that 1MDB was entitled to have it back.
Yesterday it was reported that Justice Ahmad Zaidi dismissed Khairuddin's application to cross-examine Low over the striking out application. -Mkini
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