The Attorney-General’s Chambers is taking over the case as the alleged offence took place when the long-serving prime minister was in office.
Tycoon Halim Saad claimed Dr Mahathir Mohamad and Nor Mohamed Yakcop were the ‘prime movers’ of a takeover of UEM and Renong for which he was not adequately compensated.
Mahathir’s lawyer Rafique Rashid Ali said the AGC was taking over the matter as the alleged offence took place when the long-serving prime minister was in office. According to the filing, the stake comprised 372 million shares and represented 16% of Renong Bhd’s entire share capital.
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