Real Estate

Mohd Isa withdraws Application to obtain Condo Purchase Documents

Date: 22 March 2019; Type: Legal News; Source: Bernama

KUALA LUMPUR, Mar 22 (Bernama) - Former FGV Holdings Berhad chairman, Tan Sri Mohd Isa Abdul Samad today withdrew his application to obtain documents relating to the minutes of the company's Board of Directors’ meeting and the approval for the purchase of a luxury condominium in Troika, at Persiaran KLCC which was allegedly bought at above market price.  

The application to produce the documents was related to a suit filed by FGV Holdings against Mohd Isa and the company's former president and group chief executive officer, Datuk Mohd Emir Mavani Abdullah to claim compensation amounting to RM7.69 million over the purchase of the luxury condominium.

Counsel Joshua Goh Shang Yi who represented Mohd Isa said his client was withdrawing the application after FGV Holdings handed over the required documents to Mohd Isa.

Goh said the court allowed Mohd Isa to withdraw with the liberty for his client to file the same application again if necessary.

"However, there was no order on costs,” he said after attending the proceeding in the chambers of the High Court deputy registrar Farah Shuhada Ramli today which was also attended by counsel Arthur Ng acting for FGV Holdings.

The counsel said the case was set for case management before Judge Datuk Azimah Omar on April 18.

Earlier, Mohd Isa applied to obtain the documents from FGV Holdings as he could not gain access to all the documents after resigning from the company's chairman post two years ago.

FGV Holdings Berhad as the plaintiff via a statement to Bursa Malaysia on Nov 30, explained that the suit filed against both defendants was related to the purchase of a luxury condominium in Troika, Persiaran KLCC by FGV said to be above the market price.

The company said the suit was also related to the abuse of company vehicle and petrol benefit by Mohd Emir,

As such, FGV is claiming RM4.54 million from both defendants and RM3.15 million from Mohd Emir on charges of abusing company vehicle and petrol benefit.

The company is also claiming interest at five per cent per annum against the compensation awarded from the date of the filing of the suit until the date of complete and final settlement.

MY Bernama

Asean LIP works with Bernama to bring you the latest Malaysian legal news. Bernama is the national news agency of Malaysia. You shall not reproduce the above/ attached materials in whole or in part without the prior written consent of the Publishers and/or Bernama. Neither the Publishers nor Bernama will be liable for any loss, injury, claim, liability, or damage caused directly, indirectly or incidentally to errors in or omissions from the above/ attached materials. The Publishers and Bernama also disclaim and exclude all liabilities in respect of anything done or omitted to be done in reliance upon the whole or any part of the above/attached materials. The access to, and the use of, Asean LIP and contents herein are subject to the Terms of Use.

Get ASEAN LAW ALERT

Legal updates by e-mail. It's Free.

INDUSTRY UPDATES

8,254 Workers Re-employed after getting Assistance from ESO

KUALA LUMPUR, Apr 16 (Bernama) - A total of 8,254 unemployed workers have been re-employed after receiving assistance from the employment service officers (ESOs) since the Re-Employment Placement Programme for Employment Insurance System (EIS) commenced in August 2018.

Read More

INDUSTRY UPDATES

Two Indonesians fined RM100,000 for Possessing Illicit Cigarettes

KLANG, Apr 16 (Bernama) - Two Indonesian retail shop workers were fined RM100,000 by the Magistrate Court here today after pleading guilty to possessing 854 packs of illegal cigarettes of various brands valued at RM1,668.56.

Read More

INDUSTRY UPDATES

"Go to the Mosque, get Closer to God," Judge advises Robber

IPOH, Apr 16 (Bernama) - "Go to the mosque, get closer to God, be a good person and stop taking drugs," Sessions Court judge Azman Abu Hassan told a palm oil fruit collector.

Read More

INDUSTRY UPDATES

200 Lawyers gather in Kuala Lumpur for TerraLex

KUALA LUMPUR, Apr 13 (Bernama) - A total of 200 lawyers from 50 countries have gathered here for the TerraLex Global Meeting to discuss a wide variety of legal and economic issues impacting Malaysia.

Read More

INDUSTRY UPDATES

Chief Justice pens Touching Farewell to Colleagues

PUTRAJAYA, Apr 13 (Bernama) - "All I ask from you is to protect the judiciary no matter what others may say," said Tan Sri Richard Malanjum in his farewell message to the judges, officers and employees of the judiciary upon his retirement yesterday.

Read More

INDUSTRY UPDATES

Chief Justice Richard Malanjum retires

PUTRAJAYA, Apr 12 (Bernama) - Chief Justice Tan Sri Richard Malanjum retires today after serving 27 years in the judiciary.

Read More

INDUSTRY UPDATES

Appointment of Suhakam Commissioner for Children to be announced this Month

KUALA LUMPUR, Apr 11 (Bernama) - The Legal Affairs Division in the Prime Minister's Department is expected to announce the appointment of a Suhakam (Human Rights Commission of Malaysia) commissioner for the portfolio of children this month.

Read More

INDUSTRY UPDATES

Proposed Amendment to Constitution not done in haste - Liew

KUALA LUMPUR, Apr 10 (Bernama) - Minister in the Prime Minister's Department Datuk Liew Vui Keong today brushed off claims that the proposed amendment to Article 1(2) of the Federal Constitution was done in haste, saying the MPs from Sabah and Sarawak were given ample time to deliberate the matter.

Read More

INDUSTRY UPDATES

Re-tabling of Amendment Bill depends on Needs - Dr Mahathir

KUALA LUMPUR, Apr 10 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad said re-tabling of the bill to amend the Federal Constitution to give Sabah and Sarawak equal status with Peninsular Malaysia, which failed to get two-thirds majority support in the Dewan Rakyat yesterday, would depend on needs.

Read More

INDUSTRY UPDATES

Hearing of Najib's Appeal to disqualify Gopal Sri Ram as Prosecutor Rescheduled to April 23

PUTRAJAYA, Apr 10 (Bernama) - The Court of Appeal has rescheduled to April 23 to hear Datuk Seri Najib Tun Razak's appeal against a High Court's dismissal of his application to disqualify former Federal Court judge Datuk Seri Gopal Sri Ram from leading the prosecution team in his 1Malaysia Development Bhd (1MDB) cases.

Read More

INDUSTRY UPDATES

Amendments to NSC Act because PM cannot have unfettered Powers - Dr Mahathir

KUALA LUMPUR, Apr 9 (Bernama) - The proposed amendments to the National Security Council (NSC) Act 2016 tabled in the Dewan Rakyat today is to prevent the prime minister from using his powers in declaring a certain area as a security zone, said Tun Dr Mahathir Mohamad.

Read More

INDUSTRY UPDATES

Maximum Two-Year Probation for Judicial Commissioners, says Chief Justice

PUTRAJAYA, Apr 9 (Bernama) - The probation period for judicial commissioners (JCs) will now be a maximum of two years and there will be no extension, Chief Justice Tan Sri Richard Malanjum said today.

Read More

INDUSTRY UPDATES

Amendment to Constitution first step to realizing Wishes of People in Sabah, Sarawak - Dr M

KUALA LUMPUR, Apr 9 (Bernama) - The amendment to the Federal Constitution to restore the status of Sabah and Sarawak as enshrined in the agreement on the formation of Malaysia in 1963 is the first step by the Pakatan Harapan government to realising the wishes of the people of Sabah and Sarawak, Tun Dr Mahathir Mohamad said today.

Read More

INDUSTRY UPDATES

Articles on Land Sale at Peel Avenue translated from Mandarin Text, High Court told

GEORGE TOWN, Apr 9 (Bernama) - A freelance translator told the High Court here today that she had translated three news articles on the sale of land at Peel Avenue to Island Hospital from a text that was given to her.

Read More

INDUSTRY UPDATES

Government can handle Fake News even without Anti-Fake News Law - Mahathir

PUTRAJAYA, Apr 9 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad said he believes the government can handle the spreading of fake news even after the repeal of the Anti-Fake News Act 2018.

Read More