Nazir Razak’s Global Icons Not So Iconic

Is Zeti Aziz really being smeared?

The former Information Minister Zainuddin Maidin stated in MalaysiaKini today http://www.freemalaysiatoday.com/category/nation/2015/08/10/zam-zeti-being-smeared-in-prelude-to-removing-her/ that the Bank Negara Governor Zeti Akhtar Aziz, the “darling” of international financial community is a woman who can do no wrong, and hailed as a great central bank governor, this has never happened before in the history of the nation or anywhere in the world.

It’s safe to say our former minister has not been reading up on international issues. Christine Lagarde, head of the International Monetary Fund had been placed under formal investigation by a French court on suspicion of negligence in a political scandal that dates from her time as finance minister under former president Nicolas Sarkozy.

Is she not a woman of power as well?

Zeti Aziz, Governor of Bank Negara Malaysia,  investigated under section 124 of the penal code.
Zeti Aziz, Governor of Bank Negara Malaysia,
investigated under section 124 of the penal code.
Christine Lagarde head of the International  Monetary Fund placed under formal investigation
Christine Lagarde head of the International
Monetary Fund placed under formal investigation

This is the person who was pictured as a “global finance icon” by Nazir Razak. Christine Lagarde is the International Monetary Fund managing director whose been placed under a formal investigation by a French court last year on her role in approving dubious transactions in 2008. http://www.wsj.com/articles/christine-lagarde-put-under-investigation-by-french-court-1409133953

This is the person who was pictured as a “global finance icon” by Nazir Razak. Christine Lagarde is the International Monetary Fund managing director whose been placed under a formal investigation by a French court last year on her role in approving dubious transactions in 2008. http://www.wsj.com/articles/christine-lagarde-put-under-investigation-by-french-court-1409133953

The surprising link between Tong Kooi Ong, Nazir Razak and Zeti Aziz

Tong Kooi Ong, Nazir Razak & Zeti Aziz
Tong Kooi Ong, Nazir Razak & Zeti Aziz

The working relations and friendship between Tong Kooi Ong owner of the Edge media group and Nazir Razak has been very close since Anwar’s position as Finance minister.

Nazir Razak also developed a solid relationship with Zeti Aziz, thus him being the first person to stand by her amidst the current scandal that she’s in now.

Picture taken from Nazir Razak’s Instagram, claiming both of these scandalous ladies “Icons”
Picture taken from Nazir Razak’s Instagram, claiming both of these scandalous ladies “Icons”

What strengthened the relationship between the Tong Kooi Ong and Nazir Razak is the fact that Tong sits on the advisory board to CIMB Group.

Tong Kooi Ong clearly listed as an advisor on the CIMB website: http://www.cimb.com/en/who-we-are/overview/corporate-governance/board-committees.html
Tong Kooi Ong clearly listed as an advisor on the CIMB website:
http://www.cimb.com/en/who-we-are/overview/corporate-governance/board-committees.html

Pressure must be mounting for Nazir Razak as investigations are under way for both of his friends. In 2006, CIMB did a takeover of Southern Bank.

Who was involved?

Tawfiq Ayman, the husband of Zeti Aziz. He was the broker in the Southern CIMB deal. As according to Malaysian law in order for such shared transactions involving banks to take place it must be approved by Bank Negara.

With Zeti’s it is her position that influenced the outcome of the Southern CIMB deal. Essentially by virtue of Malaysian regulations, Zeti Aziz was set to be a King maker in the hostile corporate takeover of Southern Bank by CIMB.

Zeti’s played an important role by approving the deal where as Nazir Razak’s CIMB garnered in the benefits. Her role on the other hand as acting Governor of Central Bank, Zeti had the ability to reject a key element of Southern bank’s defence to the takeover of CIMB.

For Zeti to receive payment, her husband Tawfiq Aqyman was the broker of the deal, which gave him access to commission above market value on top of kickbacks that would have been paid offshore.

Startling Similarities of Nazir Razak & Zeti Aziz’s Offshore Accounts

According to the International Consortium Of Investigative Journalists (ICIJ). Nazir Razak does in fact have an offshore account that bears similarities towards Zeti Aziz’s family accounts.

Both were set up via UBS AG Singapore, both registered using Porticulis TrustNet (BVI) Limited and both Share Corp Limited and Execorp Limited listed as directors.
Both were set up via UBS AG Singapore, both registered using Porticulis TrustNet (BVI) Limited and both Share Corp Limited and Execorp Limited listed as directors.
The offshore bank accounts were created by Zeti Aziz’s family. Tawfiq Ayman is Zeti Aziz’s husband. Alif and Aziz Tawfiq Ayman are her sons. http://offshoreleaks.icij.org/nodes/164228
Nazir Razak the brother of the Prime Minister of Malaysia listed as the only shareholder of the offshore company Tangerine Square Limited http://offshoreleaks.icij.org/nodes/146815
Nazir Razak the brother of the Prime Minister of Malaysia listed as the only shareholder of the offshore company Tangerine Square Limited http://offshoreleaks.icij.org/nodes/146815

Shortly after Nazir Razak’s offshore accounts were created preparations for the hostile takeover of Southern Bank took place.

The Southern Bank deal was finalized the same time Zeti’s family and Nazir Razak’s   offshore bank accounts were created. It is believed that this is why the existence of offshore bank accounts was set up.

Silence does not always define truth

In the case of Christine Lagarde the International Monetary Fund managing director Christine Lagarde according to the French judicial system to be placed under a formal investigation reflects the court’s belief that a crime has been committed maximum penalty for such crime in question will be a year in prison.  http://fortune.com/2014/08/27/imf-head-lagarde-under-investigation-over-2008-scandal/

For Governor Zeti Aziz, the police has mentioned that they will record statements from more officers from the Malaysian Anti-Corruption Commission (MACC), Bank Negara and Attorney-General’s Chambers (AGC). Police are probing the case under Section 124 of the Penal Code for activities detrimental to parliamentary democracy. If a person is guilty of such crime. Maximum penalty will be 20 years in prison.

If there is indeed nothing to hide then why shield the identity of the offshore bank account owners under several layers of proxy companies.

If no crime has been committed then why have you not come up with a submission for an investigation to clear your name?

Why not come forward with evidence to silence everyone once with all the allegations thrown at Zeti Aziz?

The deafening silence builds the case that there is something to hide.

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Nazir Razak’s Global Icons Not So Iconic

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