ALOR SETAR: Aras Niaga Group Berhad is suing Kedah State Secretary Incorporated for RM310mil for an alleged breach of a land lease agreement signed in 2020.
He said the claims against the defendants were filed on March 25, after Kedah SSI instructed Aras Niaga to return the 255-hectare land in Mukim Semeling, Kuala Muda, which had previously been leased legitimately. Also present was Aras Niaga Group Berhad, founder and executive chairman, Datuk Muhamad Annas Mohamad Anuar, who said the company had plans to collaborate with Permodalan Kedah Berhad to develop an iron ore mine on the site.
"Regrettably, after the presentation in March 2021, Kedah SSI no longer entertained our requests for mining licenses and allowed the status of this project to remain in limbo. Moreover, in a meeting with the Kedah SSI general manager, we were asked to return the land," he added.