Home > News > Nation
Wednesday February 5, 2014 MYT 5:23:00 PM
Wednesday February 5, 2014 MYT 8:30:17 PM
by maizatul nazlina
Datuk Seri Mahmud Abu Bekir.
KUALA LUMPUR: A certified accountant testified in a Syariah High Court here that the Sarawak Chief Minister Tan Sri Abdul Taib Mahmud's son assets are worth between RM976mil and RM1.395bil.
Chartered Accountant Andrew Heng, 39, said previously he informed the court that Datuk Seri Mahmud Abu Bekir's assets were worth from RM916mil to RM1.344bil.
He said the new figures derived after he included two assets owned by Mahmud comprising an Audi car and his stake in the Titanium Tower at Brighton Square, Kuching, Sarawak.
Heng was appointed by Mahmud's former wife Shahnaz A. Majid, 50, to look into Mahmud's assets and values of his share holdings in 49 companies in Malaysia.
"Following the new findings, the figures are now between RM976mil and RM1.395bil after taking into consideration of the two assets.
"The figures are based on five components which included the inheritance from Mahmud's late mother, palm oil lands, his shares in 49 Malaysian companies and now Audi vehicle owned by Ivy Crafts Sdn Bhd where he has 50% stake and also the Titanium Tower," Heng said.
Heng was giving testimony during cross-examination by Shahnaz's counsel Akbardin Abdul Kader in the trial of her RM100mil mutaah (Islamic conciliatory payment) claim before Syarie judge Muhamad Abdul Karim Wahab Wednesday.
Shahnaz who is the older sister of jazz queen Datuk Sheila Majid, is claiming RM400mil, of which RM300mil is matrimonial property as part of the divorce settlement. Shahnaz is also claiming 50% of all assets owned by Mahmud, 50, including luxury cars, houses in various locations, land in Sarawak and shares.
They were married in January 1992 and divorced in 2011. They have a 20-year-old son Raden Murya.
Heng also said that Mahmud's Bugatti luxury vehicle was valued at RM1.18mil excluding duty and excise paid, and that his Lamborghini was worth RM498,000.
"Mahmud's two other vehicles are a Bentley Continental estimated at RM478,000 and a Toyota Alphard at RM190,000," he said.
At the end of the proceedings, Mahmud's lead counsel Datuk Zainul Rijal Abu Bakar informed the court that they needed two months for his client's accountant to study the report by Heng.
"We need to seek advice from an expert in accounting before we can proceed with our cross-examination," he said.
However, Shahnaz's lead counsel Dr Rafie Mohd Shafie objected to the application, saying that it was unfair for them and added that Mahmud's assets were based on his companies' financial reports.
The court later adjourned the trial to Apr 14 and 30 for the defence to cross-examine Shahnaz.
Tags / Keywords:
Court and Crime, Shahnaz A Majid, Syariah Court, Mutaah claim, Taib Mahmud, Mahmud Abu Bekir
Thieves make off with RM500,000 loot from businessman's house in Subang Jaya
Utusan fails to strike out Pahang MB's defamation suit
Housewife charged with money laundering
IGP: Several people to be questioned over Justo meeting
Fine, caning for Casanova who duped 14 women
Sabah halts land clearing at habitat of proboscis monkey
Police probe video slandering Negri MB
Opposition parties objected to political funding reforms, says Rahman Dahlan
Zahid: Government to provide RM50mil for two new Sabah detention centres
Former security guard to hang for murdering vet
MH370: Debris confirmed to be from Boeing 777
High living in the great outdoors
Prince releases funk single Stare on Spotify
Argentine executive to appear in U.S. court in FIFA case
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)