MMC Gamuda KVMRT, MRT Corp sued for RM303.5mil

Klang Valley Mass Rapid Transit’s Sungai Buloh-Kajang Line. Picture shows the completed piers and spans of part of elevated package V6, where the launching gantry is making good headway at Bandar Tun Hussein Onn. The elevated guide will be built past the Cheras Batu 11 toll plaza, alongsidethe Cheras-Kajang Highway (Grand Saga Highway), heading towards Taman Cuepacs.

KUALA LUMPUR: MMC Gamuda KVMRT (PDP) Sdn Bhd, a joint venture between MMC Corp Bhd and Gamuda Bhd, and Mass Rapid Transit Corp Sdn Bhd (MRT Corp) are among the parties being jointly sued for RM303.53mil with interest and costs by Accolade Land Sdn Bhd.

MMC Corp told Bursa Malaysia that the suit was premised on “an alleged breach of an alleged contract” between Accolade and MRT Corp in relation to MRT Corp’s acquisition of land belonging to Accolade for the Klang Valley MRT project.

MMC Gamuda KVMRT (PDP) Sdn Bhd, which is the project delivery partner, would take steps to defend itself and oppose the suit, it said.
 
MMC Corp said the suit would not have any significant financial and operational impact on the group for the financial year ending Dec 31, 2016.

Accolade Land is listed on the website of the Tenggara Teguh group of companies, whose directors include Datuk Seri Kee Yong Wee, who served as Deputy Trade and Industry Minister in 1986.