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M'sian tycoon ordered to pay ex-wife RM354m in divorce settlement
Published:  Apr 7, 2017 4:42 PM
Updated: 9:58 AM

The United Kingdom High Court yesterday ordered Malaysian tycoon Khoo Kay Peng to pay £64million (RM353.87 million) to his ex-wife Pauline Chai as settlement for their high-profile divorce. 

South China Morning Post (SCMP) reports that Justice David Bodey ruled Chai should receive the amount which is made up of cash and property as part of the settlement. 

Chai, 70, a former Miss Malaysia in 1969, had sought £100million (RM551 million) from the 78-year-old Khoo, who is non-executive director of the Laura Ashley brand.

They married in 1970 and were divorced in 2012, following 42 years of marriage. The couple have five children.

Khoo has reportedly tried to have his high-profile divorce case heard in Malaysia, as this was the marital home while Chai wanted the proceedings to be held in UK.

SCMP reports that Justice Bodey's detailed ruling on who gets what in the settlement of assets would be published in the near future.

It added that the case was heard in private but the court allowed journalists to name Khoo and Chai in the report.

Meanwhile, UK's The Telegraph quoted Chai's lawyer Ayesha Vardag, as saying that the litigation had been long and arduous.

“It is a journey which has now ended in the affirmation of the principle of fair sharing. It emphasises that there is no place in England for discrimination between home maker and bread winner.

“I am so proud of the whole team, including our client who worked so hard on this case.”

Chai was quoted in The Telegraph as thanking her legal team.

 


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