Shahnaz A Majid claimed her former husband Mahmud Abu Bekir Taib has cash amounting US$700 million (RM2.1 billion) and has stakes in 21 companies worth another RM1 billion.
Shahnaz is testifying in her RM100 million mutaah (gift) claim at the Kuala Lumpur Syariah High Court, following the divorce from the son of Sarawak Chief Minister Abdul Taib Mahmud.
"Mahmud Abu Bekir Taib is director in 150 companies. Of this, he has stakes in 51 companies."
"Out of that 21 companies he has equity worth RM1 billion," she claimed.
Shahnaz, 50, said that Mahmud Abu Bekir garners a salary of RM2 million annually since 2000 and said he could be earning more now.
Shahnaz is testifying in her RM100 million mutaah (gift) claim at the Kuala Lumpur Syariah High Court, following the divorce from the son of Sarawak Chief Minister Abdul Taib Mahmud.
"Mahmud Abu Bekir Taib is director in 150 companies. Of this, he has stakes in 51 companies."
"Out of that 21 companies he has equity worth RM1 billion," she claimed.
Shahnaz, 50, said that Mahmud Abu Bekir garners a salary of RM2 million annually since 2000 and said he could be earning more now.
The couple were married on Jan 9, 1992 and were divorced on May 11, 2011. In the morning proceedings, she related to court of the physical, mental and emotional abuse that she suffered.
She told the court that her former husband had bank accounts in Switzerland, Luxembourg and also Hong Kong and would reveal more details of the bank accounts at the next session.
Testifying to questions from her counsel Rafie Mohd Shafie, Shahnaz who is a daughter of the late Forestries Department director-general Abdul Majid Shahid and elder sister to jazz queen Sheila, said the RM2 million is the net salary.
“The RM2 million does not include the car, entertainment allowance, travelling, flight and hotel accommodation which are paid by the companies,” said Shahnaz.
Shahnaz, a graduate in economics from George Mason University who also possess a Master’s in Business Administration specialising in Finance, said that her husband is able to pay the amount that she sought.
“He comes from an extremely wealthy family and the amount sought is something which he could afford,” he told Judge Muhamad Abdul Karim Abdul Wahab.
General manager at Sarawak Securities
Shahnaz related that upon her marriage she joined Sarawak Securities as its general manager while Mahmud Abu Bekir was made a director.
She said that Sarawak Securities was set-up in 1993 and in 1997, she underwent tests and an interview to obtain a licence from the Kuala Lumpur Stock Exchange (now Bursa Malaysia).
Replying to questions from Rafie, Shahnaz said Sarawak Securities cannot enter into trading of shares and agreed that she played quite a major role in the company.
“I held the licence from 1997 to 2000. Sarawak Securities has an annual turnover of RM200 million,” she said, adding that she would give the exact figure at the next session.
Justice Muhamad Abdul Karim then reminded Shahnaz and others that she has to answer correctly and not make guesses.
“This is a high-profile case, I know although the court is empty. I know that news on this matter had emerged at 1pm. Always remember that what you say will be subject to cross-examination. Tell the truth and answer what your lawyers ask,” he said.
“That is why I ask both parties to attend proceeding so you can hear the testimonies yourselves and then make relevant questions during cross-examination,” he reminded.
Challenge to Bekir to take a vow or oath
Earlier on in replying to questions from her other lawyer Akbardin Abdul Kader, she challenged her former husband to take an oath to deny her claims of the assault she purportedly suffered.
“What I said earlier actually happened to me. I challenged him to sumpahlah (take the oath) in court to deny it,” she said in responding to Akbardin’s query that her former husband had denied the assault claim in his statement of defence.
She also disagreed to a claim in Mahmud Abu Bekir’s defence statement that she did not respect him.
“I treated him well, respected him and catered to his food and drink whenever he returned back which was not that often. I tried to make him comfortable,” said Shahnaz, adding that Mahmud Abu Bekir seldom spent a night at her house since 2001 and since then they had been living apart.
Hearing continues on Oct 11, with her revealing about her husband’s ownership of other assets like buildings and cars.
Shahnaz also has separate claims of an additional RM300 million in matrimonial assets and another RM121 million in their son’s education claim following the high-profile divorce.
She told the court that her former husband had bank accounts in Switzerland, Luxembourg and also Hong Kong and would reveal more details of the bank accounts at the next session.
Testifying to questions from her counsel Rafie Mohd Shafie, Shahnaz who is a daughter of the late Forestries Department director-general Abdul Majid Shahid and elder sister to jazz queen Sheila, said the RM2 million is the net salary.
“The RM2 million does not include the car, entertainment allowance, travelling, flight and hotel accommodation which are paid by the companies,” said Shahnaz.
Shahnaz, a graduate in economics from George Mason University who also possess a Master’s in Business Administration specialising in Finance, said that her husband is able to pay the amount that she sought.
“He comes from an extremely wealthy family and the amount sought is something which he could afford,” he told Judge Muhamad Abdul Karim Abdul Wahab.
General manager at Sarawak Securities
Shahnaz related that upon her marriage she joined Sarawak Securities as its general manager while Mahmud Abu Bekir was made a director.
She said that Sarawak Securities was set-up in 1993 and in 1997, she underwent tests and an interview to obtain a licence from the Kuala Lumpur Stock Exchange (now Bursa Malaysia).
Replying to questions from Rafie, Shahnaz said Sarawak Securities cannot enter into trading of shares and agreed that she played quite a major role in the company.
“I held the licence from 1997 to 2000. Sarawak Securities has an annual turnover of RM200 million,” she said, adding that she would give the exact figure at the next session.
Justice Muhamad Abdul Karim then reminded Shahnaz and others that she has to answer correctly and not make guesses.
“This is a high-profile case, I know although the court is empty. I know that news on this matter had emerged at 1pm. Always remember that what you say will be subject to cross-examination. Tell the truth and answer what your lawyers ask,” he said.
“That is why I ask both parties to attend proceeding so you can hear the testimonies yourselves and then make relevant questions during cross-examination,” he reminded.
Challenge to Bekir to take a vow or oath
Earlier on in replying to questions from her other lawyer Akbardin Abdul Kader, she challenged her former husband to take an oath to deny her claims of the assault she purportedly suffered.
“What I said earlier actually happened to me. I challenged him to sumpahlah (take the oath) in court to deny it,” she said in responding to Akbardin’s query that her former husband had denied the assault claim in his statement of defence.
She also disagreed to a claim in Mahmud Abu Bekir’s defence statement that she did not respect him.
“I treated him well, respected him and catered to his food and drink whenever he returned back which was not that often. I tried to make him comfortable,” said Shahnaz, adding that Mahmud Abu Bekir seldom spent a night at her house since 2001 and since then they had been living apart.
Hearing continues on Oct 11, with her revealing about her husband’s ownership of other assets like buildings and cars.
Shahnaz also has separate claims of an additional RM300 million in matrimonial assets and another RM121 million in their son’s education claim following the high-profile divorce.
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