Court sets Aug 6 to mention MACC's forfeiture application for Ilham Tower
The 60-storey Ilham Tower, worth between RM1 billion and RM1.
The 60-storey Ilham Tower, worth between RM1 billion and RM1.
CCC-ECRL confirmed that it had received the notice of adjudication from the Advancecon subsidiary, Advancecon Infra Sdn Bhd, which alleged outstanding payments for subgrade, drainage, and culvert works carried out under two sub-contract for the ECRL project.
Halimatul Saeidah Abd Ghani, 49, said that although she agreed that some plots of land in Mont’Kiara and Kenny Hills were comparable property to the ‘Duta enclave’, she did not use them in her valuation as those plots contained tiny bungalows.
The High Court’s decision followed Bank Islam’s application under Order 14 of the Rules of Court for the summary judgement against Ivory Properties, according to Ivory Properties’ bourse filing on Thursday (June 19).
High Court judge Roz Mawar Rozain ruled there were no grounds to grant leave for the proceedings as there was no temporary injunction granted after Hydroshoppe Sdn Bhd and its subsidiary Menara KL Sdn Bhd lost in their application, a decision that was upheld by the Court of Appeal.
Immigration deputy director-general (Management) Ismail Mokhtar: “Customers place their bookings online, and these foreigners would manage the transactions.
Lawyers Rajesh Nagarajan and Sachpreetraj Singh Sohanpal slammed the MACC's action as “pure harassment”.
Menara KL and Hydroshoppe’s lawyer, Vinayak Sri Ram of Rosli Dahlan Saravana Partnership, said the eight—who include Communications Minister Datuk Fahmi Fadzil and senior government officials—had allegedly forced the takeover of the iconic KL Tower despite the legal proceedings initiated in March.
With the seizure, all transactions involving the transfer of ownership of the property are now prohibited, the MACC said.
The sum includes the balance of the unpaid amount under subcontractor progress payment certificates, approved variations, payment of the retention sum, as well as costs and expenses.