Friday 16 December 2011

Court dismisses ex-Sime CEO's counter-suit

Former Sime Darby Bhd Chief Executive Officer Ahmad Zubir Murshid’s counter-suit against current and previous senior management of the palm oil and engineering group was dismissed by High Court, according to an exchange filing late yesterday.

Sime Darby filed civil suits against Ahmad Zubir in December 2010 and others following cost overruns on engineering projects in Qatar and Malaysia.

In March, he filed a counter- suit against current and former management including Chairman Musa Hitam seeking indemnity if found liable, which the court this week dismissed as “frivilous and vexatious,” the exchange filing said.



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