Kuala Lumpur High Court Civil Suit No: D2-22-673-2006

29 June 2006

Kuala Lumpur High Court Civil Suit No: D2-22-673-2006

Type

Announcement
Subject Kuala Lumpur High Court Civil Suit No: D2-22-673-2006

Contents :

Kuala Lumpur High Court Civil Suit No: D2-22-673-2006
1) Pengurusan Danaharta Nasional Berhad
2) Danaharta Urus Sdn Bhd
3) Danaharta Managers Sdn Bhd

vs
Tan Sri Dato’ Tajudin Bin Ramli ("TSDTR")
(By Original Action)


And

TSDTR vs
1) Pengurusan Danaharta Nasional Berhad
2) Danaharta Urus Sdn Bhd
3) Danaharta Managers Sdn Bhd
4) Mohamad Raslan Abdul Rahman
5) Ooi Woon Chee
6) Gan Ah Tee
7) Kerajaan Malaysia
8) Telekom Malaysia Berhad
9) Telekom Enterprise Sdn Bhd
10) Technology Resources Industries Berhad
11) Celcom (Malaysia) Berhad
12) Commerce International Merchant Bankers Berhad
13) Dato’ Azman Yahya
14) Dato’ Abdul Hamidy Hafiz
15) Dato’ Zukri Samat
16) Dato’ Kris Azman bin Abdullah
17) Naluri Corporation Berhad (formerly known as Naluri Berhad)
18) Atlan Holdings Bhd
19) Atlan Properties Sdn Bhd
20) Multi Esprit Sdn Bhd
21) Dato’ Seri Adam Sani Abdullah (formerly known as Maung Ng We @ Lim Yong Tong [George Lim])
22) Dato’ Ong Kim Hoay
23) Dato’ Khalid Bin Mohamad Jiwa
24) Dato’ Ong Kar Beau
(By Counterclaim)


Telekom Malaysia Berhad (“TM”) and its wholly owned subsidiaries, Telekom Enterprise Sdn Bhd (“TESB”) and Celcom (Malaysia) Berhad ("Celcom") and Technology Resources Industries Berhad (“TRI”), a wholly owned subsidiary of Celcom, have been served each with a copy of a Defence and Counterclaim dated 29 June 2006 by Tan Sri Dato’ Tajudin Ramli’s (“TSDTR”) solicitors making TM, TESB, Celcom and TRI parties to the above legal proceedings in the High Court of Malaya.

TSDTR is seeking from TM, TESB, Celcom, TRI, Kerajaan Malaysia, Pengurusan Danaharta Nasional Berhad, Danaharta Urus Sdn Bhd and Danaharta Managers Sdn Bhd (hereinafter collectively referred to as “Danaharta”), Commerce International Merchant Bankers Berhad, Dato’ Azman Yahya, Dato’ Abdul Hamidy Hafiz, Dato’ Zukri Samat and/or Dato’ Kris Azman bin Abdullah jointly and/or severally the following relief in the Counterclaim:

(i) the sum of RM6,246,492,000.00 (TRI shares at RM24.00 per share);
(ii) general damages to be assessed;
(iii) aggravated and exemplary damages to be assessed;
(iv) damages for conspiracy to be assessed;
(v) an Account of all sums paid under the Facility Agreement and/or to Danaharta by TSDTR including all such sums received by Danaharta including as a result of the sale of the TRI shares and the Naluri shares;
(vi) an assessment of all sums due to be repaid by Danaharta to TSDTR as a result of overpayment by TSDTR to Danaharta;
(vii) an Order that Danaharta forthwith pays all sums adjudged to be paid to TSDTR under prayer (vi);
(viii) an Account of all dividends and/or payments received by TM arising out of or in relation to the TRI (now Celcom) Shares;
(ix) an Order that TM forthwith pays all sum adjudged to be paid to TSDTR under prayer (viii);
(x) damages for breach of contract against Danaharta to be assessed.

In addition, TSDTR is also seeking, inter alia, from all the 24 Defendants to the Counterclaim the following relief:

(i) the sum of RM7,214,909,224.01;
(ii) damages for conspiracy to be assessed;
(iii) aggravated and exemplary damages to be assessed;
(iv) interest at the rate of 8% per annum on all sums adjudged to be paid by the respective Defendants to the Counterclaim to TSDTR from the date such loss and damage was incurred to the date of full payment;
(v) costs.

TM, TESB, Celcom and TRI are presently studying TSDTR’s Defence and Counterclaim and a further announcement will be made on any material development.


Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TM
Date Announced 29 Jun 2006
Category General Announcement
Reference No TM-060629-DDE4C