Businessperson Halim Saad has lost his appeal to reinstate his lawsuit against the government, former prime minister Dr Mahathir Mohamad, and former finance minister II Nor Mohamed Yakcop over alleged losses he incurred following the government’s 2001 acquisition of Renong Bhd and United Engineers Malaysia Berhad (UEM) shares.

A three-man Court of Appeal bench comprising judges Supang Lian, Lim Chong Fong, and Alwi Abdul Wahab today dismissed Halim’s appeal and ordered him to pay RM20,000 in legal costs.