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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Khazanah denies any proposed settlement for Halim Saad’s suit

Posted on 22 July 2013

Sovereign wealth fund Khazanah Nasional Berhad has denied that there would be a proposed out-of-court settlement for a billion-ringgit legal suit by tycoon Tan Sri Halim Saad. A Khazanah statement last night refuted a report in The Star newspaper that speculated there could be a settlement in the works.
“The respective defendants would like to state that contrary to the said article, there is neither a settlement being proposed nor are they aware of any discussion in respect of the same,” Khazanah said………………………………………..Full Article: Source


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