By Mazwin Nik Anis
JOHOR BAHRU: The multi-million ringgit suit brought by a plantation company against state government and several others was settled when the defendants agreed to pay an additional RM92.11mil for the acquisition of 2,640ha estate land at Mount Austin here.
In a consent order recorded by Justice Zainun Ali, the two parties agreed that Stamford Holdings Sdn Bhd would get RM313.25mil for the land from the state government and the RM92.11mil from Kelana Ventures – the beneficiary company in the acquisition.
Stamford Holdings had on Feb 4, 1995, filed a civil suit against the state government for illegally acquiring its land and claimed the acquisition was not for infrastructure development but for commercial purpose.
It also named former mentri besar Tan Sri Muhyiddin Yassin, businessmen Syed Mokhtar Al-Bukary and Datuk Yahya Taib and the Johor Islamic Economic Corporation (PKEINJ) as defendants.
The Johor Bahru Land Administrator, Kelana Ventures Sdn Bhd and Asas Terus Sdn Bhd were named as the intended interveners.
Stamford Holdings was represented by counsel Datuk V. Sivaparanjothi and Majit Singh, M. Pathamanthan for Kelana Ventures, Syed Mokhtar and Yahya and Roger Tan Kor Mee for PKEINJ.
State Legal Adviser Datuk Abdul Aziz Rahim appeared for the government, Muhyiddin and the Johor Baru Land Administrator.
In yesterday’s written consent order, Kelana Venturs, through the state must pay Stamford Holdings the RM92.11mil within 18 months and that it will surrender and deliver all documents of tittles to the land administrator.
Stamford had also undertaken to deliver possession of the land to Kelana Ventures within two months of the consent order and to pay all retrenchment benefits to its workers.
However, in the event the said land is disposed off due to Kelana Ventures’ failure to settle the additional payment, then any surplus arising out of the proceeds of sale will be returned by Stamford to Danaharta.