Court strikes out Puncak Niaga's RM14bil suit against Khalid Ibrahim, Azmin

  • Nation
  • Thursday, 22 Feb 2018

SHAH ALAM: Former Selangor mentri besar Tan Sri Khalid Ibrahim (pic) and two others have succeeded in dismissing a RM14bil suit filed against them by Puncak Niaga Holdings Bhd over the restructuring of the state's water industry.

This followed a decision by the High Court here in allowing the application by Khalid, Selangor Mentri Besar Datuk Seri Azmin Ali and the Selangor state government.

Judge Akhtar Tahir struck out the suit on grounds that the statement of claim by Puncak Niaga was erroneous and ordered the company to pay costs of RM25,000 to each of the defendants.

The court also set March 13 for a decision on a counter-claim by Azmin against Puncak Niaga.

Puncak Niaga was represented by Lau Mark Chi Ming, while Khalid was represented by New Sin Yew and Azmin by Latheefa Koya.

The Selangor government was represented by state legal adviser Datuk Nik Suhaimi Nik Sulaiman.

In the suit filed on Oct 27 last year, Puncak Niaga among others had claimed that Khalid and Azmin had abused their power by threatening to cause the Federal Government to invoke the Water Services Industry Act 2006 to force the takeover of the water services industry in Selangor.

The company had claimed for damages, interest and costs over loss of business opportunities in the country and abroad, totalling RM13.5bil.

It also sought damages, interest on damages and cost of the difference between the value of PNSB Water Sdn Bhd (formerly known as Puncak Niaga (M) Sdn Bhd) and Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) in the range of RM2.08bil and RM2.35bil.

The company also sought actual purchase consideration of RM1.56bil under the share purchase agreement dated Nov 11, 2014, between Puncak Niaga and Pengurusan Air Selangor Sdn Bhd. - Bernama
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