KUALA LUMPUR (Oct 4): Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said he had already relinquished his executive and directorship roles at the Kenanga Group, when he assumed the role of chief executive officer at Maybank Investment Bank Bhd in June 2010. He said he also held directorships at several subsidiaries or associated companies of the Kenanga Group, which included Capital Investment Bank (Labuan) Ltd."Notwithstanding the fact that they had contacted my aide who informed Malaysiakini that I had relinquished my directorships when I left Kenanga Group in June 2010, it appears that the publisher chose to proceed with the article by highlighting my name in a manner which suggests that Capital Investment (Labuan) Ltd is still associated with me instead of being part of the Kenanga Group. "I have referred the matter to my lawyers for further advice and appropriate action," said Tengku Zafrul. Malaysiakini reported that Tengku Zafrul was among the high net worth Malaysians named in the Pandora Papers, based on documents of offshore dealings leaked from providers in Hong Kong or the Caribbean. Read also:Zahid on Pandora Papers: I do not avoid taxes, arrangement was for listed firm which I ledAnwar files motion for Dewan Rakyat to debate Pandora Papers


Source:   The Edge Markets
October 04, 2021 09:00 UTC