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Tuesday, April 3, 2018

Pink diamond suit: Court grants Khairuddin extension of time



Former Umno division leader Khairuddin Abu Hassan has been granted an extension of time by the High Court in Kuala Lumpur to reply to the striking out application by Rosmah Mansor, Jho Low and 1MDB over the pink diamond suit.
Justice Ahmad Zaidi Ibrahim allowed Khairuddin an extension of one week to file his affidavit-in-reply, said 1MDB's lawyer Tan Hock Chuan.
Meanwhile, Rosmah's lawyer Yazid Mustaqim said the court also fixed May 17 to hear the application to strike out the suit.
Damian Chan appeared for Khairuddin, while Rishwant Singh represented Jho Low, whose real name is Low Taek Jho.
Khairuddin had filed the suit to direct Rosmah to return a pink diamond worth US$23 million and an accompanying necklace worth US$4.3 million to 1MDB. 
Khairuddin 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.
He claimed that the necklace was given to Rosmah sometime in March 2014, and that it should be returned to 1MDB, along with 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. - Mkini

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