SERI KEMBANGAN: Country Heights Holdings Bhd will lodge reports with the police and the Malaysian Anti-Corruption Commission (MACC) over the liquidation of Mines Waterfront Business Park, which is under Baker Tilly Insolvency PLT’s administration, said founder Tan Sri Lee Kim Yew.
He said the matter was raised by shareholders during the annual general meeting and was addressed by the board.
“This legal process is not about optics or emotion, it is about outcomes. All legal, arbitration and recovery actions outlined are deliberate and forward-looking, aimed at resolving legacy matters, unlocking asset value, and positioning the group on a stronger footing for sustainable recovery and growth. After our shareholder asked a lot of questions, all this is what we answer to the shareholder today,” he told reporters after its 41st AGM today.
Lee stressed that the company was not alleging wrongdoing but that any investigation should be conducted strictly in accordance with the law.
“We hope that Andrew Heng (group managing partner of Baker Tilly Malaysia) and Mr Kumar (of Baker Tilly) will legally follow the legal process, as they have said they would, and engage with Country Heights as a public company in accordance with the law,” he said.
Lee claimed that some proof-of-debt (POD) claims filed by creditors seeking payment in the Mines Waterfront liquidation were questionable.
Baker Tilly had indicated that there were multiple PODs involved in the liquidation, but Lee said that Country Heights had already settled all its liabilities, including payments relating to some of the disputed claims.
Lee added that provisions under the law, including Section 402, require PODs to be supported by a proper legal basis.
“Under the relevant provisions, a party cannot simply file a POD if the company does not owe the money,” he said.
Lee said he had also written to Baker Tilly’s international headquarters and described his actions as whistleblowing.
Lee said Country Heights will update the media once the police and MACC reports are filed.
