KLANG: Among the reasons for the Jana Niaga Sdn Bhd deal was to ensure that Universiti Selangor (Unisel) operations were not disrupted as well as a court order to settle a dispute via mediation.
In a joint statement issued on Wednesday, Selangor's investment holding company Mentri Besar Incorporated (MBI) and Unisel also said the decision was also in line with the High Court and Court of Appeal decision to settle the dispute between Unisel and Jana Niaga via arbitration.
"Both parties had refined and scrutinised several issues to arrive at an amicable solution,'' said the statement signed by MBI chief executive officer Raja Shahreen Raja Othman and Unisel vice chancellor and president Professor Datuk Dr Mohammad Redzuan Othman.
One of the main considerations taken into account, said the statement, was to ensure Unisel continued to provide good educational service and protect the students' welfare.
On the Malaysian Anti-Corruption Commission's (MACC) raid on Tuesday, the statement said both MBI and Unisel would cooperate with the anti-graft body by providing any required evidence and statements.
It added this would help eradicate the allegations of misconduct by MBI and its subsidiaries.