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Monday, December 24, 2012

Bekir has RM9mil in cash, unit trust, court told



Sarawak chief minister's son Mahmud Abu Bekir Taib holds over nine million ringgit in cash and unit trust accounts, the Kuala Lumpur Syariah High Court was told today.

NONEThe amount includes RM4.4 million in a CIMB current account, RM3 million in a fixed deposit with the same bank, and RM1.3 million in his EPF and over RM500,000 in ASN and ASB unit trust accounts.

Making the revelations before Syariah High Court Judge Mohamad Abdullah were witnesses called by the plaintiff, Bekir's ex-wife Shahnaz Abdul Majid, who is suing him for her share of income earned during their marriage.
The first new witness to take the stand today, CIMB Customer Resolution Unit team leader Sia Kwai Buay, told the court that Bekir has RM4,401,987.45 in his current account, as well as RM3,008,663.10 in a fixed deposit account that had been recouped and then distributed via placements in three other fixed deposits.

Then the second witness to be called, Anizah Jaafar, an assistant manager from the Employees Provident Fund’s Contributions Department, disclosed that Bekir’s EPF accounts has a present balance of RM1,367,584.66.

She said that Bekir has had an EPF account since 1992 and has received contributions as an employee from various companies, the most recent being monthly contributions of RM4,600 from Cahya Mata Sarawak Berhad and RM9,200 from Titanium Project Management Sdn Bhd from 2011 to date.

However, she noted that the defendant had withdrawn RM158,312 in 1998 and a further RM1,874,331 in 2011.

Bazit Othman, a manager from ASNB's Customer and Agent Relations Department, told the court that Bekir had RM389,237.83 in his ASB account and 149,888.17 units in his ASN account which, if sold at the last estimated traded value of ASN shares, would be worth about RM131,901.59.

Attested statements

All the witnesses came with attested or verified statements from their various organisations to support their testimonies.

Bekir had been ordered by the court to disclose his personal net worth and the details of his finances by the court earlier, but had not complied until today.

This led to Shahnaz’s lawyers having to obtain another court order to subpoena documents and testimonies from banks and other institutions in which Bekir has assets.

Earlier this morning, the previous witness from the last hearing, Maybank officer Munisah Manap, retook the witness stand to verify that she is authorised to reveal the details of Bekir’s credit card expenses by her bank and that she was the source of the printed statements.

Bekir’s lawyers then argued that the credit card information is not part of the wording of the court order requesting for details of Bekir’s “assets” from the bank as it is a form of debt.

However, Shahnaz’s lawyers countered the argument, saying that Musinah is executing orders from her boss who had received the court order and cannot be asked to explain why or how the court order was interpreted.

Judge Mohammad agreed, asking Bekir’s legal team to subpoena Musinah’s boss instead.

The trial ended just after noon today and is due to resume next year on Feb 26 and 27, and March 6 and 13, 2013.

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