In Malaysia, one of the easiest way to become a millionaire is to be a politician. The wealth will be distributed to the family, the son of former PM is among the richest in Malaysia.
I can help to notice the news in thestar on 25 Dec 2012 Page 26, Nation, quoting that Mahmud, the son of Sarawak Chief Minister had millions in cash. The revelation was made at the Syariah Court in the trial of the CM and his former's wife.
It was mentioned in the court that Datuk Seri Mahmud had...
- more than 300,000 units in trust funds.
- Mahmud had withdrawn RM158,112 fron EPF in 1998 ans about RM1.5million in 2011.
- His EPF balance was around rm1.36mil
The wife had made claim against 50% of the asset owned by Mahmud, including several lixury cars, houses and lands in Sarawak.
A few witnesses were called to confirm that Mahmud do has a large fortune thus making the claim by the former wife justifiable. The fortune include the deposits in ASN accounts, CIMB and EPF.
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