High Court dismisses Puncak Niaga’s RM14bil suit

  • Nation
  • Friday, 23 Feb 2018

SHAH ALAM: The High Court has thrown out a RM14bil suit filed by Puncak Niaga Holdings Bhd (Puncak Niaga) against former Selangor Mentri Besar Tan Sri Abdul Khalid Ibrahim and two others over the restructuring of the state’s water industry.

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

Apart from Abdul Khalid, the other defendants are Selangor Mentri Besar Datuk Seri Mohamed Azmin Ali and the Selangor government.

All the three defendants have applied to strike out the suit.

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

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

The Selangor government was represented by the State Legal adviser Datuk Nik Suhaimi Nik Sulaiman.

In the suit filed on Oct 27 last year, Puncak Niaga among others claimed that Abdul Khalid and Mohamed 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 to 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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