Tajudin settles multimillion dispute with Danaharta out-of-court

PUTRAJAYA, Feb fourteen Tan Sri Tajuddin Ramli finally ended his long drawn out multimillion ringgit authorised conflict with national asset management organisation Pengurusan Danaharta Bhd (Danaharta) currently when both parties concluded to an out-of-court settlement.

In his agreement with Danaharta, a terms of that remain trusted in between a dual parties, all suits pertaining to a RM589.14 million that Tajudin was systematic to compensate to a organisation in 2009, would be dropped.

In a Court of Appeal here today, Tajudins counsel Lim Kian Long pronounced a appellant had concluded to repel a total of twenty-seven appeals, eleven against Danaharta, in a suggestion of settlement.

And he (Tajudin) further prays that in apply oneself of costs, they have been to be borne by any parties respectively, Lim told a court, explaining after that both Tajudin (picture) as well as Danaharta had concluded to bear their respective costs for any of a eleven appeals.

Ive made a same ask for costs to be borne by any of a superfluous parties, but I think my schooled friends any have their own responses.

The reason my client is asking for these parties to bear costs is for a suggestion of settlement.... in a suggestion of settlement, he has withdrawn all his appeals as well as ask for a same suggestion (from a others), Lim added.

But detached from Danaharta, a superfluous parties named in Tajudins appeals however refused to bear costs, as well as their authorised representatives argued in court currently that they had zero to do with a ex-MAS chiefs allotment with Danaharta.

The allotment has zero to do with us. We were only told on Friday that there might be a probability of settlement... We cannot determine to our celebration bearing a cost, pronounced a single lawyer.

The allotment that my crony talks about is private as well as trust! ed - in between Danaharta, a Malaysian government as well as a appellant.

We were dragged into this counter-claim (by Tajudin), that was eventually struck out. We had to prepare for a appeals, pronounced an additional counsel K. Kirubakaran, when arguing for Atlan Properties.

The superfluous lawyers benefaction concluded with a arguments, as well as urged a Court of Appeal to maintain a High Courts previous order for all costs to be innate by Tajudin.

Upon standing down for multiform minutes, a row of judges led by Datuk Seri Abu Samah Nordin, systematic Tajudin to bear costs amounting to RM15,000 for any of a superfluous appeals, save for a single against a Malaysian government, that he was systematic to compensate a total of RM5,000.

Those between a superfluous parties include Telekom Malaysia Bhd, Telekom Entreprise Sdn Bhd, Technology Resources Industries Bhd(TRI), Celcom, CIMB, Naluri Corporations, Atlan Holdings Bhd, Atlan Properties as well as Multi Esprit Sdn Bhd.