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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. THE CORRIDORS OF POWER Raja Petra Kamarudin
Yes, that line was 'borrowed' from Shakespeare's 'Romeo and Juliet'. In the previous episode of The Corridors of Power, we wrote about Datuk Seri Zulhasnan Rafique, the Federal Territories Minister cum Member of Parliament for Setiawangsa cum Federal Territory Barisan Nasional Chairman (see: 'Sultan' Zulhasnan, the RM700 million man). In that article we mentioned one of the beneficiaries of the RM700 million worth of contracts as being the Umno Bukit Bintang division leader. “Why won't Malaysia Today lodge a police report if all these allegations are true?” were some of the responses we received. “Where is the evidence that Zulhasnan did have a hand in dishing out these contracts to his friends and cronies?” were the other responses. The one-time IGP, Tun Haniff Omar, said that going by the lifestyles of the police officers alone, it can be assumed that at least 40% of the police officers are corrupt. A one-time Deputy IGP, in turn, retorted that if they want to clean up the police force, then 90% of the police officers would have to be sacked. However, there would be no way to prove corruption, he added, unless living beyond your means can be considered proof. Prime Minister Abdullah Ahmad Badawi added spice to all this by declaring that corruption is very difficult to prove and that is why the government is not able to take action against corrupt government servants and politicians. Anyway, if you want proof, Malaysia Today can offer proof. And if you want a police report to be lodged, a police report has already been lodged. We are of course talking about a case involving the Umno Treasurer cum Bukit Bintang Umno division chief cum Chairman of Bank Simpanan Nasional, Datuk Seri Abdul Azim Mohd Zabidi. But in spite of all the proof and in spite of the police report made, why is he still walking free and why has no action been taken against him? This just goes to prove that with all the evidence in the world and how many police reports you may have made, those who walk in the corridors of power are immune from legal action -- unless you have gone against the powers-that-be and they want to fix you up for that. 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 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. 
 
 
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omg... i feel soooo small. what a shame.
some mavericks at work. and they say the jews are shrewed.
Dear YM, can you help this poor fellow. Do we need Judge Dredd?
hmmmm My malaysia.. .