In fact, Chew in his affidavit in reply to Zaid's discovery application said the 2014 agreement they signed was of no effect. “It was drafted in haste to reflect the discussion between he and I, and it is not a binding document. Chew maintains no agreements executedA case management of Zaid's discovery application was held today before High Court deputy registrar Maslinda Selamat. Chew in his affidavit to oppose the discovery application maintained that the 2014 agreement he signed with Zaid never proceeded. The former Minister further maintained in the affidavit that Chew entered the 2014 agreement on clear terms that he would hold Zico Holdings shares as trustee for the benefit of Zaid.

Source: The Edge Markets February 24, 2021 11:18 UTC