Lebanese jeweller told to place RM75,000 as security for costs in suit against Rosmah

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The High Court reduces the amount from the RM500,000 initially applied for. FMTNews

KUALA LUMPUR: The High Court today ordered a Lebanese jeweller to place RM75,000 as security for costs in response to an application by the former prime minister’s wife, Rosmah Mansor.

Global Royalty Trading SAL’s lawyer David Gurupatham said High Court judge Wong Chee Lin fixed the amount in chambers after hearing submissions.The jewellery company sued Rosmah on June 26 last year for the return of 44 pieces of jewellery it claimed to have sent her for selection, or the payment of US$14.79 million as the price of the items.“I also raised the issue that the defendant was delaying trial as she was directed to inspect the jewellery 13 months ago,” he told reporters.

“However, it is subject to the consent of Bank Negara Malaysia ,” he added. “The central bank is worried about the security threat because the jewellery is kept in a vault.In its suit, Global Royalty claimed that on Feb 10, 2018, it sent the 44 pieces of jewellery, including diamond necklaces, earrings, rings, bracelets and tiaras, each worth between US$124,000 and US$925,000 to Rosmah through a courier and two of its agents.

Global Royalty is seeking a court declaration that it owns the jewellery and that ownership of the items was not transferred to Rosmah. It is also seeking a mandatory order for Rosmah to provide a list of the jewellery seized for them to be returned or for Rosmah to pay US$14.79 million as the price of the jewellery.

 

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