CIMB denies receiving letter from Nazri

(Bernama) – CIMB Group Holdings Bhd said today that it has not received any letter from the government, which has been reported in the media as having been sent to government-linked gompanies (GLCs) with regards to an out-of-court settlement of legal suits involving Tajudin Ramli.

According to media reports, a number of GLCs are negotiating for global settlement of all civil suits and at all level of courts against the former executive chairman of Malaysia Airlines.

The reports said that Minister in the Prime Minister’s Department Nazri Aziz confirmed that there was a proposal for settlement out-of-court.

Nazri had said that the government had thought over settlement for the past six months for the benefit of the parties involved as the cases if taken through the courts, would take a long period for resolution.

“Any settlement of the counterclaim where CIMB is named as a party would be subject to the board’s endorsement and will be announced accordingly,” CIMB told Bursa Malaysia today.