Speculation rife out-of-court settlement being hammered out for Halim Saad's case


Tan Sri Halim Saad

PETALING JAYA: Speculation is rife that an out-of-court settlement is being hammered out to conclude the controversial suit filed by Tan Sri Halim Saad against Tan Sri Nor Mohamed Yakcop and two others over allegations that he was forced to sell his stake in Renong/UEM Group to Khazanah Nasional Bhd in 2001.

The settlement figure bandied around, according to sources, is about RM1bil.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Wall St set to rise ahead of speeches from Fed officials
Sarawak Cable finds new hope as alternative party is identified
Main Market-bound Feytech IPO public portion oversubscribed
Bursa lifts Awantec's affected issuer status
SC charges Pixelvest and former Infinity Trustee director with unlicensed capital market offences
Ringgit ends firmer against US dollar
InNature buys 'Burger & Lobster' franchise, eyes expansion into F&B Sector
Bank Negara fines Habib with RM96,250 for AMLA non-compliance
Pharmaniaga says 'stands firm' on financial recovery to exit PN17
Kobay gets UMA query from Bursa Malaysia

Others Also Read