The Azim Zabidi-BK Tan link established

The Azim Zabidi-BK Tan link established

Posted by Raja Petra
Tuesday, 18 March 2008, MT
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On 22 August 2006, the vendor sent Azim an e-mail offering to pay him an additional RM500,000 plus pay him RM15,000 a month for three years on top of the RM1.3 million already paid to him. The company would then continue to seek listing and, if successful, Azim would be paid a further RM3.5 million.

NO HOLDS BARRED

Raja Petra Kamarudin

Azim Zabidi's lawyers want me to remove the article called The new Member of Parliament for Putrajaya, Azim Zabidi in The Corridors of Power. They sent me a letter demanding that I remove the article plus I am supposed to publish a public apology. Going by the telephone conversation I had with the lawyer who called me, it appears they resent the allegation that Azim is linked to BK Tan because it gives an impression that this Bank Simpanan Nasional Chairman is not honest. I take it they know that BK Tan is a shady character and this is why they do not want Azim's name linked to him.

I responded to this demand in my article called Zul Rafique and Azim Zabidi, PLEASE go to hell! in No Holds Barred. Because of my defiance, they are pursuing with legal action against me, which I knew they would. Anyway, since the case will take some time to go to court, I thought I would give you an early preview so that you don't have to wait too long to find out what's the next story.

Clause 4.1.1 of the Sales and Purchase Agreement that Azim signed with the vendor of the shares clearly stipulates that in the event the company cannot get a listing on the Mesdaq Market then within seven days he shall get a refund on the purchase price of the shares after which he would have to transfer the shares back to the vendor.

Well, the listing was not approved and the money was refunded but Azim refuses to return the shares to the vendor. So he now has both the money and the shares free-of-charge.

On 22 August 2006, the vendor sent Azim an e-mail offering to pay him an additional RM500,000 plus pay him RM15,000 a month for three years on top of the RM1.3 million already paid to him. The company would then continue to seek listing and, if successful, Azim would be paid a further RM3.5 million. This would make it a total of RM5.9 million that Azim will receive, but only if he refunded the shares.

The next day, Azmim responded to the e-mail and in his SMS from 019-3333450 to the vendor at 019-3335335, he said that although the offer was ' very interesting', the vendor was to talk to BK Tan. Azim then forwarded the e-mail to BK Tan. This clearly gives the impression that BK Tan calls the shots and that Azim is just the Ali Baba front.

BK Tan then phoned the vendor and said that he would not return the shares for anything less than RM10 million. At such an exorbitant amount the vendor had no choice but to lodge a police report and subsequently proceeded with legal action to seek the return of his shares.

The documents below are self-explanatory and which exposes Azim and BK Tan for what they are, a bunch of blackmailers who are holding the vendor to ransom. Going by the exchanges of e-mails and SMSes, all pretences of innocence are immediately demolished. They know that the vendor is 'locked' and the only way to unlock himself would be to part with RM10 million.

Not bad for a Chairman of a government-owned bank.

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