It has been reported in the press today that Sime Darby has filed civil suit against its former CEO Datuk Seri Ahmad Zubir Murshid and 4 others for RM338 million. It seems from the press reports that Sime Darby did not seek relief for a Mareva Injunction whereby all the movable and immovable assets (i.e. properties, shares, money in the bank accounts and etc) of all the Defendants will be frozen in order to preserve all the assets of the defendants pending the disposal of the said civil suit.
Sime Darby’s legal actions were a bit late. The stable door is closed after the horses have bolted! however, its better late than never.
