MatchPoint Times

Home

Ex-Melaka CM Rahim’s suit for return of RM3mil investment dismissed

Cover Image for Ex-Melaka CM Rahim’s suit for return of RM3mil investment dismissed

High Court also orders the immediate removal of a freezing order on MY Premier Trustee Bhd’s assets and upholds the firm’s counterclaim for defamation and the wrongful acquisition of the injunction.

KUALA LUMPUR: Former Melaka chief minister Rahim Thamby Chik has lost a High Court lawsuit against a local trust company for the return of a RM3 million investment made in 2018.

Justice Arik Sanusi Yeop Johari said the plaintiff failed to prove his case on the balance of probabilities against the defendant, MY Premier Trustee Bhd.

The judge also ordered the immediate removal of the Mareva injunction or freezing order on MY Premier’s assets and upheld the firm’s counterclaim for defamation and the wrongful acquisition of the injunction.

Read Full News

Tags:counterclaimdefamationHigh CourtinvestmentMareva injunctionMelaka chief ministerMy Premier Trustee BhdRahim Thamby Chikreturnsuit

Bank Negara rejects using ringgit to support exports

The central bank said global demand plays ‘the bigger role’ in driving exports instead of the currency.

🟡Bloomberg

Singapore’s aviation showcase to reflect region’s defence uncertainties and growth ambitions

The Feb 3-8 event, Asia’s largest air show, is expected to attract more than 1,000 companies including aircraft manufacturers, airlines, arms firms and military delegations from around the world.

🟡Reuters