Jamaludin's children not involved in running companies, says stepbrother

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He says his nephew and nieces only hold shares in 3 companies as registered owners and not as beneficial owners. FMTNews

KUALA LUMPUR: The High Court here was told that former minister Jamaludin Jarjis’ children were never directly involved in running the daily operations of the companies that their father led previously.

Najeb, who works as a sales director in Kuantan, was testifying in a lawsuit that his mother, Aminah Abdullah, has filed against Jamaludin’s children, Nur Anis and Ikwan Hafiz, over the transfer of nine million shares worth about RM1.4 billion in three companies to the joint administrators of her son’s estate.

Najeb also gave details that Anis and Ikwan are shareholders of Rantai Wawasan, with a total of three million shares. They have been holding the shares for the past 10 years.“The company shares previously belonged to my brother, his wife and my mother before the shares were transferred to another company,” he added.

To a question from lawyer Chew Chang Min, representing the siblings, on whether Jamaludin is the “de facto companies’ director”, Najeb said “Yes”.

 

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