A Blog about  Corporate Governance issues in Malaysia and  Global Investment Ideas
KUALA LUMPUR: Parties negotiating for settlements with former MAS executive chairman Tan Sri Tajudin Ramli met Federal Court judge Raus Sharif Thursday.Justice Raus, who is the managing judge of the KL Commercial Division, has set Sept 29 for parties to inform on the settlement.The process involved over 10 suits which are pending at the courts. Among the companies involved in the negotiation/settlement are Naluri Corporation Bhd, Celcom (M) Bhd, Pengurusan Danaharta Nasional Bhd, MAS and Telekom Malaysia.An online news blog reported that Putrajaya had directed all government-linked companies, including MAS and the national debt restructuring company Danaharta, to cease all civil suits against Tajuddin.In a letter sent to the GLCs and Danaharta by Minister in the Prime Minister's Department Datuk Seri Nazri Aziz, the GLCs and Danaharta were informed that the Finance Ministry had agreed to settle all outstanding civil suits against Tajuddin.The letter said all civil claims against Tajuddin and others should be withdrawn immediately in view of the fact that the government and the Finance Ministry have agreed that the said cases will be settled out of court.Nazri added that he has the mandate from the government to act in the matter.More in The Star FridayWhere is the CG?
Thanks, anonymous, noted, lets wait for more information. I hope there will be justice and transparency, but at the moment I am deeply concerned.