PETALING JAYA: Datuk Seri Tengku Adnan Tengku Mansor (pic) acquired wealth as he held shares in various companies back in the 1990s, says former prime minister Datuk Seri Najib Razak.
Najib said the former federal territories minister acquired his wealth as a business partner to Tan Sri Vincent Tan.
He added that Tengku Adnan also held shares in news publishing and telecommunications companies.
Najib shared this information via an excerpt of “Malaysia’s political economy: Politics, patronage and profits” by economist Edmund Terence Gomez.
“In the early 1990s, the Malaysian stock market was bullish.
“It was then when he acquired his wealth, ” he said in a Facebook post yesterday.
Najib said during that period, the prime minister was Tun Dr Mahathir Mohamad while the finance minister was the “future prime minister”, alluding to Datuk Seri Anwar Ibrahim.
“That is why there is a need to ask both of them if you want to know how did Tengku Adnan become wealthy.
“When he was rich with an asset of almost RM1bil, Tengku Adnan only then was elected as a deputy minister from 2001 by the fourth prime minister, ” he said.
Tengku Adnan, who is Umno treasurer, was charged with accepting RM2mil from businessman Tan Sri Chai Kin Kong.
His defence team is trying to prove that he did not need a bribe as he was already wealthy.
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