Anwar relieved that Realmild 'truth' is out

Anwar relieved that Realmild 'truth' is out

Fri, 03 Sep 2010 10:46

By FMT Staff

SHAH ALAM: Opposition Leader Anwar Ibrahim is relieved that yesterday’s disclosure of the facts behind the shares deal in Realmild (M) Sdn Bhd, in the Kuala Lumpur High Court, has confirmed his 1999 testimony to be true.

He said the revelation by former chairman of the Penang Malay Chambers of Commerce, Abdul Rahman Maidin, that 70% of the shares were in former prime minister Dr Mahathir Mohamad’s name proves that he (Anwar) had no self-interest in the company.

Blogging his comments last night, Anwar said: “All this while Umno has been fabricating lies alleging that I had an interest and through it (Realmild) controlled Malaysian Resources Corporation Berhad (MRCB).

“In my 1999 testimony at the Kuala Lumpur High Court, I confirmed that the biggest shareholder in Realmild was Mahathir himself, who held 70% of the shares. I had no interest in the company.

“Only after this disclosure was made did Mahathir ask Abdul Rahman to takeover the shares and only at that point was it revealed that Umno owned the shares.

“Abdul Rahman’s testimony yesterday reaffirms my earlier confession (on the issue)” wrote the former deputy prime minister who is presently the PKR chief.

Anwar was commenting on Abdul Rahman’s testimony in a RM10 million commercial crime case filed against him by a former Realmild director Khalid Ahmad.

Realmild is the biggest shareholder in MRCB and Abdul Rahman was once its chief executive officer.

During the proceedings in the Kuala Lumpur High Court yesterday, Abdul Rahman confessed to being shocked to discover that the Realmild shares he was holding on to was in fact Umno’s.

As a result of this, Abdul Rahman said he had lost RM40 million when the 7.101 million Realmild shares which he bought from Khalid was owned by Umno.

“When I tookover the Realmild shares, it was based on corporate and commercial perspective.

"I looked for the funds to secure the shares and did so through my own financial ability and without assistance from any political entity,” Abdul Rahmad had reportedly said in response to a question in the court.

http://www.freemalaysiatoday.com/fmt-english/politics/pakatan-rakyat/9913-anwar-relieved-that-realmild-truth-is-out