24
Feb
12

Was Tajudin indemnified in Danaharta settlement?

KUALA LUMPUR, Feb 15 — DAP’s Tony Pua today demanded the Prime Minister explain the reasons behind the government’s out-of-court settlement with Tan Sri Tajuddin Ramli when it had already won the case in the High Court.

In a statement today, Pua asked why the government opted for a settlement instead of fighting it out at the Court of Appeal.

“Is the settlement a result of the government’s agreement with the Tajudin defence that he is completely indemnified by Tun Dr Mahathir Mohamad and Tun Daim Zainuddin from having to bear any responsibility for losses?” asked Pua (picture).

The DAP national publicity secretary said that if that was the reason, then Datuk Seri Najib Razak should immediately take action against both Dr Mahathir and Daim for not only “gross negligence” but having “wilfully” provided guarantees and indemnity to Tajuddin in the privatisation of Malaysian Airlines (MAS).

Tajudin’s out-of-court settlement with Pengurusan Danaharta Bhd (Danaharta) yesterday marked an end to the six-year dispute over millions of ringgit that the former Malaysia Airlines (MAS) chairman owed to the national asset management firm.

The settlement resulted from a directive issued by Putrajaya in August last year, telling all government-linked companies, including MAS, to drop their suits against Tajudin.

The settlement comes after a lengthy legal dispute following a High Court decision in December 2009 ordering the ex-MAS chief to pay the state asset management manager RM589.14 million plus two per cent interest per annum, backdated to January 1, 2006.

…more
Was Tajudin indemnified in Danaharta settlement, Pua asks Najib
February 15, 2012 – MI


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