A flashback on the Azim Zabidi affair

Abdul Azim Zabidi also said the issue had nothing to do with his legal battle with Raja Petra Kamarudin over two articles the blogger wrote last year and with him being named as Kuala Dimensi Sdn Bhd chairman in the ongoing Port Klang Free Zone (PKFZ) scandal.

NO HOLDS BARRED

Raja Petra Kamarudin

On 20 October 2003, Azim was appointed a Director of Transquay Ventures Sdn Bhd. The purpose of appointing him a Director of that company is so that he can help the company with its listing exercise on the Kuala Lumpur Stock Exchange.

However, the company would first have to be a Bumiputera company to qualify, said Azim, so half the shares had to be transferred into his name and the balance into the name of another Malay. With the shareholding reflecting 100% Bumiputera equity it would now qualify.

Azim 'paid' Lu Leong Seng for the shares on 5 April 2004 through three RHB Bank cheques. The sale was not a genuine sale of course but just a 'paper' transaction to show that Azim really owned the shares and had paid for them. Lu was supposed to refund the money, but not to Azim, as he did not want the money trail to lead to his door. Instead, Lu was asked to pay the money to Tan Boon Keong, the infamous BK Tan. This was done through four cheques issued through Public Bank Berhad on 8 April 2004.

The listing never happened so Lu called off the deal and asked for the return of his shares. But Azim refused to return the shares or refund the RM1,318,000 that was paid to his nominee, BK Tan. On 31 November 2007, Lu made a police report at the Kajang Police Station. To date, of course, and as expected, no action has been taken by the police. In the meantime, Azim and his partner, BK Tan, own the company plus RM1,318,000 in cash. Not bad for one of the members of the Zulhasnan Rafique inner circle. And this, basically, is what the New Economic Policy is all about.

READ MORE HERE:

1. A scam, by any other name, smells just as foul (http://mt.m2day.org/2008/content/view/2535/40/)

The listing never happened so Lu Leong Seng called off the deal and asked for the return of his shares. But Datuk Seri Abdul Azim Mohd Zabidi refused to return the shares or refund the RM1,318,000 that was paid to his nominee, BK Tan. On 31 November 2007, Lu made a police report at the Kajang Police Station.

2. The new Member of Parliament for Putrajaya, Azim Zabidi (http://mt.m2day.org/2008/content/view/3028/84/)

The evidence is clear. Azim Zabidi works for a Chinaman. Azim Zabidi is just an Ali Baba front. And Azim Zabidi is going to be the next Member of Parliament for Putrajaya while the god-fearing, squeaky-clean opposition candidate is not only going to lose, but will probably lose his deposit as well.

3. Zul Rafique and Azim Zabidi, PLEASE go to hell! (http://mt.m2day.org/2008/content/view/3272/84/)

4. Umno, AG and PDRM checkmated (http://mt.m2day.org/2008/content/view/8276/84/)

The police has to prove that Raja Petra has control over Malaysia Today. Raja Petra does not have to prove anything. But Malaysia Today is not registered in his name plus he does not have access to Malaysia Today. So they can’t prove he has control over Malaysia Today. In fact, it appears like others have control over Malaysia Today.

5. 'Sultan' Zulhasnan, the RM700 million man (http://mt.m2day.org/2008/content/view/2386/46/)

Zulhasnan has manipulated RM700 million worth of government contracts in Kuala Lumpur and has given them to his friends and cronies. The Umno division leaders of Segambut, Seputeh, Bukit Bintang (Azim Zabidi) and Kepong have all benefited from Zulhasnan's patronage. Ali Baba had his 40 thieves. Zulhasnan has his four.