Court lifts freeze on administrators of RM1.6b Genting heiress estate
TWO interim administrators of the RM1.6 billion estate of late Genting heiress Lim Siew Kim can resume their duties after the High Court today lifted an injunction barring them from acting, following the dismissal of a bid to remove them. Judge Datuk...
KUALA LUMPUR — Marcus Chan, son of late Genting heiress Lim Siew Kim, has been unsuccessful in his attempt to remove the two interim administrators appointed to oversee her RM1.6 billion estate. High Court judge Datuk Mahazan Mat Taib dismissed Marcus's application, ordering the payment of RM30,000 in costs to the administrators.
The judge also lifted an interim injunction that had temporarily barred the administrators from acting on the estate's behalf. The judge ruled that Marcus had not presented sufficient evidence to warrant the removal of the administrators.
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