Former Sime executive files third party notices

  • Business
  • Saturday, 28 May 2011

PETALING JAYA: Former executive vice-president of Sime Darby Bhd's energy and utilities (E&U) division, Datuk Mohamad Shukri Baharom, has filed third party notices seeking indemnity and contribution from the third parties if he is found liable for two suits brought against him.

Sime Darby told Bursa Malaysia yesterday that it was informed by its solicitors on Wednesday that Mohamad Shukri, the second defendant in the oil and gas (O&G) suit and in the Bakun suit, had filed third party notices against 12 individuals and Sime Darby Holdings Bhd in the O&G suit, and against 11 individuals, Sime Engineering Sdn Bhd and Sime Darby Holdings Bhd in the Bakun suit.

The 12 third party individuals named in the O&G suit and the 11 third party individuals named in the Bakun suit comprise former management and former board members of the company, Kumpulan Sime Darby Bhd, Sime Engineering Sdn Bhd and Sime Darby Holdings Bhd and former members of the audit and supervisory committee of the company's E&U division.

Appearances have been filed by solicitors representing Sime Darby Holdings Bhd and Sime Engineering Sdn Bhd on the May 27.

In December, Sime Darby sued Shukri and four others over their alleged roles in losses suffered in the company's Bakun project and in several O&G projects.

Related Stories: Four divisions lift Sime Darby third-quarter profit Bakke: We are growing our power and port businesses Sale of fabrication yards marks Sime's exit from oil & gas Sime Darby Plantations makes foray into Liberia

  SIME :  [Stock Watch]  [News]

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