logo
Ramasamy drops defamation suit against Chow over land sale

Ramasamy drops defamation suit against Chow over land sale

P Ramasamy initiated defamation proceedings against Chow Kon Yeow on July 18 last year over a Facebook post which he claimed seriously harmed his reputation.
GEORGE TOWN : Former Penang deputy chief minister P Ramasamy has withdrawn his defamation
Former Penang deputy chief minister P Ramasamy has withdrawn his defamation
suit against chief minister Chow Kon Yeow over the disputed Batu Kawan land deal.
In a consent judgment recorded before sessions judge Helmi Ghani, Ramasamy agreed to accept Chow's explanation that he had chaired two key Penang Development Corporation (PDC) meetings: a sub-committee meeting on Nov 28, 2022, and a board meeting on Feb 9, 2023.
Both meetings dealt with the sale of 226ha of land in Byram, Batu Kawan, to Umech Land Sdn Bhd.
Ramasamy agreed to drop the lawsuit without liberty to file afresh.
Shamsher Singh Thind represented Ramasamy, while Ruebankumar Asokan appeared for Chow.
Separately, PDC also withdrew its defamation suit against Ramasamy. As part of the settlement, he agreed to retract statements made about the agency and to end both suits permanently, with no order as to costs.
Ramasamy initiated defamation proceedings against Chow on July 18 last year over a statement published on the latter's official Facebook page on Oct 3, 2023, which allegedly accused Ramasamy of being involved in approving the land deal and damaged his reputation.
The Batu Kawan land deal involving a 226ha plot, initially sold through a directly negotiated tender, became the subject of controversy due to claims that it was sold below the market value.
PDC initially sold the land to Umech Land for RM646 million.
Following the controversy and a change in Umech Land's majority ownership, PDC cancelled the joint venture agreement and opened the sale of the land through an open tender.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

E-hailing firms Maxim, inDrive granted 3-month probation
E-hailing firms Maxim, inDrive granted 3-month probation

Free Malaysia Today

time4 hours ago

  • Free Malaysia Today

E-hailing firms Maxim, inDrive granted 3-month probation

In May, Apad revoked inDrive Malaysia's operating licence after it reportedly failed to comply with regulations introduced by the agency in 2019. (inDrive pic) PETALING JAYA : Russian-founded e-hailing firms inDrive and Maxim have been placed under a three-month probation period after successfully appealing the revocation of their operating licences. The Land Public Transport Agency (Apad) said the two companies were ordered to take corrective measures to continue operating, particularly regarding e-hailing vehicle permits (EVPs). 'To meet this condition, Maxim and inDrive have improved their registration system to ensure all of their drivers have valid EVPs before they can start operating. 'Both companies have also given Apad 'view only' access to their data to make it easier to cross-check their data on EVPs,' it said in a statement. Apad said it conducted a random check on their drivers on July 11 and found that everything was in compliance. The agency and the road transport department had found the improvements made by the companies satisfactory, and agreed to place Maxim and inDrive under a three-month monitoring period, effective tomorrow. 'To ensure the continuous commitment of both operators, their representatives are required to turn up at the Apad headquarters every month throughout the monitoring period. 'These sessions are aimed at allowing Apad to conduct real-time monitoring, with random checks conducted on drivers via the inDrive and Maxim applications,' it said. In May, both firms were ordered to halt operations from July 24 after failing to comply with Apad's regulations introduced in 2019. In September 2022, the road transport department raided inDrive's Malaysian office and discovered that the firm was operating with an expired licence. In 2023, Maxim was also raided by Apad officers for allowing vehicles to operate without a valid permit.

Bursa edges up as value seekers drive selective accumulation
Bursa edges up as value seekers drive selective accumulation

Free Malaysia Today

time4 hours ago

  • Free Malaysia Today

Bursa edges up as value seekers drive selective accumulation

KUALA LUMPUR : Bursa Malaysia opened marginally higher today, supported by value-seeking investors engaging in selective accumulation. At 9.06 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.63 of a point to 1,520.03 from yesterday's close of 1,519.40. At the opening bell, the benchmark index was 0.08 of a point higher at 1,519.48. Turnover stood at 126.93 million shares, valued at RM68.23 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI closed lower yesterday in tandem with the weak regional performance. 'However, we expect value-seeking investors to continue supporting the market through selective accumulation. Hence, we anticipate the benchmark index to consolidate within the 1,510–1,520 range today,' he added. On the global front, Thong said Wall Street closed mixed, with the S&P 500 hitting another record high at 6,309.62 (+0.06%) as investors digested a new batch of earnings, including a tariff warning from General Motors. The Dow rose 0.4%, while the Nasdaq slipped 0.39% ahead of key earnings reports from major tech giants. Among the heavyweight counters, Maybank added four sen to RM9.57, Tenaga Nasional was two sen better at RM13.80, CIMB improved one sen to RM6.56, Public Bank lost three sen to RM4.28, while CelcomDigi and Press Metal were flat at RM3.79 and RM5.21, respectively. Active counters were led by NexG, followed by Enproserve, with both accumulating 1.5 sen each to 52 sen and 28 sen, respectively. PRG advanced half-a-sen to 9.5 sen, Eco-Shop added one sen to RM1.32, while EA Holdings was down half-a-sen to half-a-sen. On the broader index board, the FBM Emas Index was 13.04 points higher at 11,432.77, the FBMT 100 Index rose 10.54 points to 11,192.48, and the FBM Emas Shariah Index was up 7.64 points to 11,454.99. The FBM 70 Index gained 41.42 points to 16,597.29, while the FBM ACE Index trimmed 7.19 points to 4,617.41. By sector, the Financial Services Index put on 36.2 points to 17,346.87, the Energy Index edged down 0.46 of a point to 739.71, and the Plantation Index improved 12.40 points to 7,408.55. The Industrial Products and Services Index rose 0.11 of a point to 154.15.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store