Former Selangor menteri besar Abdul Khalid Ibrahim is unfazed by Puncak Niaga Holding Bhd's RM14 billion suit.

"No, I am not (afraid)," he said when quizzed if he was concerned.

As for the water services company's allegation that he had abused his power, the corporate figure-turned-politician replied: “On behalf of the people of Selangor, I am willing to do that.”

Speaking to reporters in Parliament, Khalid said during his tenure as menteri besar from 2008 to 2014, he had been fair to the stakeholders in Selangor's water restructuring.

"From my point of view, I paid more than the fair price," he added.

When pointed out that Puncak Niaga was still dissatisfied, Khalid said: “Well, everybody wouldn't be happy when they don't get what they want.”

It was reported that Puncak Niaga has sued the Selangor state government, Khalid as well as his successor and current menteri besar Azmin Ali over the take-over of the water industry.

Puncak Niaga alleged that both Azmin and Khalid had abused their powers by threatening to cause, or attempt to cause, the federal government to invoke the use of the Water Services Industry Act 2006 to force a takeover of the state's water industry.

In a filing with Bursa Malaysia yesterday, the firm said the Selangor government is "vicariously liable for the acts of Khalid and Azmin".

Meanwhile, Khalid refused to comment on whether the RM14 billion quantum sought by Puncak Niaga was excessive.

“I cannot comment, I haven't seen the court submission and all that,” he said.