…They are demanding $350m
A high-powered government delegation led by the Minister of Communications and Technology, Albert Kan Dapaah is in Kualar Lumpur, Malaysia to arrange a settlement with Telekom Malaysia in the protracted dispute with Ghana over the Malaysians? share in Ghana Telekom. Telekom Malaysia has filed a suit at the International Arbitration Court in the Hague demanding $300m for the 30 percent share they acquired in 1997 for $38 million. The Malaysians also claim that they were promised a further 15 percent share for which they paid $50m out of an agreed sum of $100 million. The suit was originally filed at a London Arbitration Court but the Malaysians have transferred the case to The Hague.
Source: GhanaWeb
