KUALA LUMPUR (March 6): Cahya Mata Sarawak Bhd (CMS) (KL:CMSB) said its deputy chairman Datuk Seri Mahmud Abu Bekir Taib has filed a lawsuit against the group to inspect its accounts.

Mahmud filed the suit at the High Court in Kuching, said the construction and building materials group in a bourse filing on Thursday.

CMS said the suit stems from Mahmud’s requests to the group for it to undergo an inspection of accounts.

“CMS informed Mahmud that due to short notice, another time has to be set to facilitate the inspection. However, Mahmud did not wait for the board’s decision on time and place for inspection and chose to file this [suit],” the group said.

Under the suit, Mahmud is seeking an order for CMS to produce and open an inspection into its accounts and five of its units, namely Cahya Mata Phosphates Industries Sdn Bhd, Cahya Mata Cement Sdn Bhd, Oiltools International Sdn Bhd, Cahya Mata Oiltools Sdn Bhd and Cahya Mata Professionals Sdn Bhd.

Mahmud is seeking the order subject to his undertaking that he will not disclose information acquired from the inspection.

CMS said the group is consulting its legal advisers and will respond to the suit to protect its interest.

The suit, it added, is not expected to have a material financial or operational impact on the group.

Shares in CMS ended one sen or 0.97% lower at RM1.04 on Thursday, valuing the group at RM1.12 billion.