April 06, 2012
KUALA LUMPUR, April 6 — Hong Leong Finance Berhad (HLFB) won an order today to quash subpoenas issued to Datuk Seri Anwar Ibrahim and its chairman Tan Sri Quek Leng Chan by a businessman who claims he was the nominee of the opposition leader for a RM445 million syndicated loan.
The High Court here said Anwar (picture), who was deputy prime minister when the loan was issued in 1997, and the tycoon were not material witnesses and could not help establish the facts of the case.
In 1998, HLFB filed a suit against Low Thiam Hoe, named as a sole defendant, for RM28.6 million for allegedly failing to repay its loan.
In 1999, Low filed a counter-claim against HLFB, HLG Capital Markets Sdn Bhd and Hong Leong Credit Bhd’s former CEO Seow Lun Hoo, asking for damages for alleged wrongful or negligent advice.
Low has said in his defence that a loan agreement was entered by him as part of a larger transaction by the lenders — the syndicate of bankers and financiers — to finance the majority shareholders of Arus Murni Corporation Bhd which owns Kewangan Bersatu Bhd (KBB).
He told the court last month he was the victim in the 1997 deal where he was assisting Anwar and Quek but admitted he had nothing in black and white to prove he was simply a nominee of the then finance minister.
He claimed that two individuals, including Mohd Faiz Abdullah, who he said was Anwar’s speechwriter, approached him in March 1997 and said they were from Arus Murni and acting on behalf of the PKR de facto leader and Quek.
Low said that HLFB, through Quek, was then pushing to acquire KBB, which was at the time acquired by Arus Murni from one Ishak Ismail for RM390 million.
He said he agreed to be a nominee, or “conduit”, for the syndicated loan transaction.
It’s time the opposition launch a powerful class action lawsuit against UMNO, BN and the EC for past election frauds and intention to defraud in upcoming GE13. Why are the demands of Bersih and acted on? Why are taxpayers’ money, corruption funds, national resources, infrastructure, media (tv, radio, newspapers), used to bribe, buy or sway votes? Buying defections. Big questions are unanswered. And More! Why are corrupt leaders, cronies not investigated and arrested, eg: CM Taib (31 years) & Musa, Shahrizat, Razak, Dr MM,…too many to mention.
ReplyDeleteYou don't find one sentence on the Scorpene scandal in the mainstream press, New Straits Times, The Star, Utusan Malaysia and Berita Harian. You don't hear a word about Scorpene on RTM 1 radio. RTM TV1, RTM TV2 or TV3. Tells you something, doesn't it? Namely, that it is such a BIG thing and not a whimper about it in the mainstream media mean the so-called journalists, radio and tv broadcasters are all UMNO-MCA-MIC paid goons. This is deception & blind-folding, to support multi-billion thefts. This is crime against the people, of astronomical proportion, against the people that elected them! Malaysia, you should have awakened 40 years ago. Malaysia’s great tragedy. Experts say the people have lost some RM300 billion (RM300,000million) or more
ReplyDelete“Promises fulfilled” !!! NZ is ranked among the top in the world for democracy and non-corruption, we see clearly yr 55 years of tragedy. UMNO & BN are corrupt, criminal and evil to the bones. US$100 billion, not million, have been stolen, plundered or mismanaged. Massive corruption eg: The CM ruling 31 years in Sarawak. The world is calling for his arrest & PM Najib pretends everything is beautiful, promises fulfilled. Deceit, gerrymandering; state-controlled media; vote buying; phantom voters; postal votes; illegal immigrant voters; public resources & machinery used to get votes for incumbent gov’t.... using your tax money & money stolen from you to destroy you. Wake up Malaysia!
ReplyDeleteBarisan starts to collapse & triggers a vicious spiral. Make sure you give Opposition 90% of the vote, the cronies will cling to 10%, then BN trim your 90% to 70% through: Gerrymandering. Frauds in electoral roll with aliens, duplicates & phantoms. Buying & bribing…all using your money!. Biased EC Chiefs from UMNO. Unfair monopoly of media, heli, vehicles, boats, venues & resources. All using your money to destroy you!
ReplyDelete