Federal Court dismisses tycoon's leave to appeal in suit against Dr M, two others

 

The Federal Court today dismissed businessperson Halim Saad’s application to obtain leave to appeal a Court of Appeal’s decision that rejected his bid to reinstate a lawsuit against the government and two former ministers.

The suit arose from alleged losses Halim (above) claimed to have suffered following the government's 2001 acquisition of shares in Renong Bhd and United Engineers Malaysia Berhad (UEM).

The three-person bench led by Chief Judge of Malaya Hashim Hamzah ruled that Halim had failed to fulfil the threshold requirement set out under Section 96 of the Courts of Judicature Act 1964.

He said the four questions posed by Halim did not raise novel issues or involve questions of importance that warranted further argument or determination by the Federal Court.

The panel, which also comprised Chief Judge of Sabah and Sarawak Azizah Nawawi and Federal Court judge Azimah Omar, ordered Halim to pay RM60,000 in legal costs to the respondents.

Suing over forced govt takeover

Halim filed the suit against the government, former prime minister Dr Mahathir Mohamad and former finance minister II Nor Mohamed Yakcop, seeking, among other reliefs, compensation for the forced takeover by the government between July and October 2001 and a declaration that he is a Renong shareholder.

Halim, who is the former executive chairperson and director of Renong, claimed that he had intended to make a general offer to privatise UEM as a subsidiary of Renong, with the implementation enabling him to gain full control and ownership of UEM.

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 (Khazanah) or a party to be nominated by Khazanah.

Halim alleged that he was also instructed to leave UEM and Renong as a shareholder and director, including the subsidiaries of the two companies, thus obliging him to hand over control of Renong and UEM to the government and further dispose of his Renong shares at a loss.

He also claimed that Khazanah had acquired all of UEM’s shares through its subsidiary, Danasaham Sdn Bhd, thereby gaining control over UEM, which at the time owned 32.6 percent of Renong shares.

On May 9, 2022, the High Court struck out Halim’s suit after allowing applications by Dr Mahathir, Nor Mohamed and the government.

The Court of Appeal on Aug 18 last year dismissed Halim’s appeal, ruling that the action was time-barred under the Limitation Act and the Public Authorities Protection Act.

Following the appellate court’s decision, Halim sought leave from the Federal Court to appeal, as required under the law for civil cases.

In today’s proceeding, lawyers Malik Imtiaz Sarwar, A Surendra Ananth and Yvonne Lim represented Halim while senior federal counsel Ahmad Hanir Hambaly@Arwi and federal counsel Imtiyaz Wizni Aufa Othman appeared for the government, Dr Mahathir and Nor Mohamed.

- Bernama