SERDANG, April 18 — Tan Sri Lee Kim Yew, the founder and adviser of property conglomerate Country Heights Holdings Berhad, today said he is challenging the bankruptcy declaration brought against him by a former US-based consultant whom he once considered a friend.
He said he will only submit to Malaysian jurisdiction and confirmed that he has met with MDI officials two days ago, after having declared bankruptcy by the High Court in January. “On April 17th, I submitted myself to MDI and filled in the reasons for my bankruptcy after having acknowledged receiving their notice.
“As a Malaysian citizen, I will only submit to Malaysian jurisdiction. The main thing now is I have to work hard to submit my statement of affairs and I am not going to delay its submission,” he told a news conference at the Mines Beach Resort this afternoon.