The Big MAS mess settled?
Thread Starter
Join Date: Jun 2007
Location: Indonesia
Age: 59
Posts: 52
Likes: 0
Received 0 Likes
on
0 Posts
The Big MAS mess settled?
With the following final settlement, is Mr TajuddinRamli free to enjoy all the ill-gotten gains? What happened to Dr Don's suit and police reports aginst this individual?
Tajudin Ramli, Danaharta in the process of finalising settlement
(Bernama) - Former Malaysia Airlines (MAS) executive chairman Tan Sri Tajudin Ramli is in the process of finalising an out-of-court settlement with Pengurusan Danaharta Nasional Bhd and two of its subsidiaries concerning a civil suit involving debts of RM589 million.
His lawyer, Lim Kian Leong, told a three-man panel of the Court of Appeal here Monday that his client and Danaharta, however, required time to resolve a "last minute hiccup" on procedural matters regarding the implementation of the settlement.
"My client (Tajudin) believes that this matter (the case) can be settled," said Lim, who had requested the court to adjourn the case until Tuesday to enable them to iron out some procedural matters.
Lim told the court that his client (Tajudin) also expressed confidence that the "last minute matter" could be resolved.
Consequently, the panel, comprising Justices Datuk Seri Abu Samah Nordin, Datuk Syed Ahmad Helmy Syed Ahmad and Datuk Alizatul Khair Osman Khairuddin, allowed Lim's request for the appeal to be stood down until Tuesday.
Justice Abu Samah said the court would give a chance to Tajudin and Danaharta to settle and "hoped for the best".
Meanwhile, counsel Ganesan Nethi, representing Pengurusan Danaharta, agreed to the adjournment, saying he received instructions from his client about the settlement but both parties wanted to iron out the terms of the settlement.
The other 38 parties named in the RM13.46 billion counter-claim brought by Tajudin including Naluri Corporation Bhd special administrators Mohamad Raslan Abdul Rahman, Ooi Woon Chee and Gan Ah Tee, Telekom Malaysia Berhad, Telekom Enterprise Sdn Bhd. Technology Resources Industries Berhad, Celcom (Malaysia) Sdn Bhd, Commerce International Merchant Bankers Berhad (CIMB), Atlan Holdings Bhd and Atlan Properties Sdn Bhd, objected to the adjournment.
Lawyers representing the respective parties supported a request by Telekom and Celcom's lawyer, Lambert Rasaratnam, for Lim to give an assurance that the counter-claim against them would be withdrawn.
Lim responded by saying: "If I could give some assurance I’ll be more than happy to do so but the most I can give is that my client (Tajudin) believes that this matter can be settled."
Senior Federal Counsel Azizan Arshad, representing the Government of Malaysia, which was also named in Tajudin's counter-claim, however, did not object to the adjournment.
The court was scheduled to hear the appeal brought by Tajudin for three days beginning Monday against the decision of a Kuala Lumpur High Court in 2009 ordering Tajudin to pay RM589 million to Pengurusan Danaharta which manages the unpaid loans following the debts he (Tajudin) had incurred in the purchase of MAS shares.
He was ordered to pay Pengurusan Danaharta and its two subsidiaries the principal sum owed at Dec 31, 2005, of RM589,143,205.57, plus interest at two percent above Malayan Banking Bhd's base lending rate from Jan 1, 2006, until realisation.
In his statement of claim, Tajudin had stated that then Prime Minister Tun Dr Mahathir Mohamad had instructed him to acquire a 32 percent stake in MAS (Malaysian Airlines) to bail out Bank Negara, which had experienced losses in foreign exchange.
ADDENDUMS
1. The Untold MAS story: Part 1 Malaysia-Today.net - No Holds Barred, Corridors of Power and more @ malaysia-today.net - The untold MAS story: part 1
2. The Untold MAS story: Part 2 Malaysia-Today.net - No Holds Barred, Corridors of Power and more @ malaysia-today.net - The untold MAS story: part 2
3. The Untold MAS story: Part 3 The untold MAS story: part 3
4. The Untold MAS story: Part 4 The untold MAS story: part 4
5. The Untold MAS story: Part 5 The untold MAS story: part 5
6. The Untold MAS story: Part 6 Malaysia-Today.net - No Holds Barred, Corridors of Power and more @ malaysia-today.net - The untold MAS story: part 6
7. The Untold MAS story: Part 7 Malaysia-Today.net - No Holds Barred, Corridors of Power and more @ malaysia-today.net - The untold MAS story: part 7
8. The Untold MAS story: Part 8 The untold MAS story: part 8
9. The Ramli Yusuff story: the real reason why he was brought down The Ramli Yusuff story: the real reason why he was brought down
10. The billions that MAS lost: the **** is finally hitting the fan The billions that MAS lost: the **** is finally hitting the fan
11. The MAS loss discrepancy The MAS loss discrepancy
12. Time for IGP Ismail Omar to act against A-G Gani Patail and former IGP Musa Hassan Time for IGP Ismail Omar to act against A-G Gani Patail and former IGP Musa Hassan
Tajudin Ramli, Danaharta in the process of finalising settlement
(Bernama) - Former Malaysia Airlines (MAS) executive chairman Tan Sri Tajudin Ramli is in the process of finalising an out-of-court settlement with Pengurusan Danaharta Nasional Bhd and two of its subsidiaries concerning a civil suit involving debts of RM589 million.
His lawyer, Lim Kian Leong, told a three-man panel of the Court of Appeal here Monday that his client and Danaharta, however, required time to resolve a "last minute hiccup" on procedural matters regarding the implementation of the settlement.
"My client (Tajudin) believes that this matter (the case) can be settled," said Lim, who had requested the court to adjourn the case until Tuesday to enable them to iron out some procedural matters.
Lim told the court that his client (Tajudin) also expressed confidence that the "last minute matter" could be resolved.
Consequently, the panel, comprising Justices Datuk Seri Abu Samah Nordin, Datuk Syed Ahmad Helmy Syed Ahmad and Datuk Alizatul Khair Osman Khairuddin, allowed Lim's request for the appeal to be stood down until Tuesday.
Justice Abu Samah said the court would give a chance to Tajudin and Danaharta to settle and "hoped for the best".
Meanwhile, counsel Ganesan Nethi, representing Pengurusan Danaharta, agreed to the adjournment, saying he received instructions from his client about the settlement but both parties wanted to iron out the terms of the settlement.
The other 38 parties named in the RM13.46 billion counter-claim brought by Tajudin including Naluri Corporation Bhd special administrators Mohamad Raslan Abdul Rahman, Ooi Woon Chee and Gan Ah Tee, Telekom Malaysia Berhad, Telekom Enterprise Sdn Bhd. Technology Resources Industries Berhad, Celcom (Malaysia) Sdn Bhd, Commerce International Merchant Bankers Berhad (CIMB), Atlan Holdings Bhd and Atlan Properties Sdn Bhd, objected to the adjournment.
Lawyers representing the respective parties supported a request by Telekom and Celcom's lawyer, Lambert Rasaratnam, for Lim to give an assurance that the counter-claim against them would be withdrawn.
Lim responded by saying: "If I could give some assurance I’ll be more than happy to do so but the most I can give is that my client (Tajudin) believes that this matter can be settled."
Senior Federal Counsel Azizan Arshad, representing the Government of Malaysia, which was also named in Tajudin's counter-claim, however, did not object to the adjournment.
The court was scheduled to hear the appeal brought by Tajudin for three days beginning Monday against the decision of a Kuala Lumpur High Court in 2009 ordering Tajudin to pay RM589 million to Pengurusan Danaharta which manages the unpaid loans following the debts he (Tajudin) had incurred in the purchase of MAS shares.
He was ordered to pay Pengurusan Danaharta and its two subsidiaries the principal sum owed at Dec 31, 2005, of RM589,143,205.57, plus interest at two percent above Malayan Banking Bhd's base lending rate from Jan 1, 2006, until realisation.
In his statement of claim, Tajudin had stated that then Prime Minister Tun Dr Mahathir Mohamad had instructed him to acquire a 32 percent stake in MAS (Malaysian Airlines) to bail out Bank Negara, which had experienced losses in foreign exchange.
ADDENDUMS
1. The Untold MAS story: Part 1 Malaysia-Today.net - No Holds Barred, Corridors of Power and more @ malaysia-today.net - The untold MAS story: part 1
2. The Untold MAS story: Part 2 Malaysia-Today.net - No Holds Barred, Corridors of Power and more @ malaysia-today.net - The untold MAS story: part 2
3. The Untold MAS story: Part 3 The untold MAS story: part 3
4. The Untold MAS story: Part 4 The untold MAS story: part 4
5. The Untold MAS story: Part 5 The untold MAS story: part 5
6. The Untold MAS story: Part 6 Malaysia-Today.net - No Holds Barred, Corridors of Power and more @ malaysia-today.net - The untold MAS story: part 6
7. The Untold MAS story: Part 7 Malaysia-Today.net - No Holds Barred, Corridors of Power and more @ malaysia-today.net - The untold MAS story: part 7
8. The Untold MAS story: Part 8 The untold MAS story: part 8
9. The Ramli Yusuff story: the real reason why he was brought down The Ramli Yusuff story: the real reason why he was brought down
10. The billions that MAS lost: the **** is finally hitting the fan The billions that MAS lost: the **** is finally hitting the fan
11. The MAS loss discrepancy The MAS loss discrepancy
12. Time for IGP Ismail Omar to act against A-G Gani Patail and former IGP Musa Hassan Time for IGP Ismail Omar to act against A-G Gani Patail and former IGP Musa Hassan
Join Date: Jul 2007
Location: The Orient
Age: 67
Posts: 63
Likes: 0
Received 0 Likes
on
0 Posts
Hello Pak, which planet do you come from? This happened in bolehland; the fact that this MAS mess would be swept under the carpet was a foregone conclusion. All the legal wrangling and playacting in the mainstream media are at best " sandiwara ", wayang kulit to fool the average Joe who couldn't care less anyway.
Join Date: Jul 2007
Location: Pearse's Domain
Posts: 56
Likes: 0
Received 0 Likes
on
0 Posts
Court rejects Tajudin's bid for stay in MAS suit
News flash :
The Kuala Lumpur High Court today dismissed an applicatiion by Tajudin Ramli for a stay in the proceedings of the suit brought against him by Malaysia Airlines System for breach of fiduciary duty.
What fiduciary duty? It's party time...jolly katak; what a chance to rob, plunder and pillage. Real durian runtuh when the crooked kaka kutty and " dime " got him to take MAS on a platter!
The Kuala Lumpur High Court today dismissed an applicatiion by Tajudin Ramli for a stay in the proceedings of the suit brought against him by Malaysia Airlines System for breach of fiduciary duty.
What fiduciary duty? It's party time...jolly katak; what a chance to rob, plunder and pillage. Real durian runtuh when the crooked kaka kutty and " dime " got him to take MAS on a platter!
