Amin told FMT that the race will not take place due to an ongoing legal dispute.

The race, reportedly named KL City 400 Supercar Extravaganza, was slated for Aug 12-14, but the event reportedly hit a snag as shareholders of the race’s previous organising company, GT Global were involved in a dispute with current organisers, City Motorsports.

Last week, it was reported (Fate of KL car street race to be known by month-end) that V8 Supercars chief executive officer James Warburton was set to travel to Malaysia this month to meet with the new race organisers.

Previous reports also stated that V8 Supercars was working with City Motorsports to organise the race.

It was also reported that a KL City Hall (DBKL) affidavit sighted by The Edge Malaysia revealed no fresh agreement to host such an event would be made while legal action with the race’s former organiser GT Global was ongoing.

Last year, the race had attracted much criticism, after businesses and residents complained about the traffic congestion caused by the closing off of five major roads in the city for the race.

Controversy still hangs over the previous race in which DBKL allegedly forked out some RM30 million despite assurances by the organising company that sponsors would foot the bill, and this was made apparent in court papers filed in the legal dispute.