The Malaysian Insider – 2 hours 23 minutes agoRELATED CONTENT
- Taib Mahmud’s son’s assets worth RM1.4 billion, accountant tells court
Datuk Seri Mahmud Abu Bekir Abdul Taib’s assets are valued at between RM976 million and RM1.395 billion, a chartered accountant told the Shariah High Court today.
Andrew Heng, who was hired by Shahnaz Majid (pic) to look into her former husband's financial status, said this included his shareholding in 49 Malaysian companies, oil palm estates in Sarawak, properties in Bukit Tunku, Kuala Lumpur, and luxury cars.
After Heng’s testimony, Mahmud Abu Bekir's lawyer, Datuk Zainul Rijal Abu Bakar, requested two months for his client's accountant to study the report and prepare the defendant's report before the defence could cross-examine Heng.
Shahnaz’s lawyer Dr Rafie Mohd Shafie, however, opposed the request, saying: "These assets should not come as a shock to him.
"These are his assets based on financial reports from his own companies.”
Judge Muhamad Abdul Karim Wahab then fixed April 14 for the defence to cross-examine Heng.
Earlier, Heng testified that Mahmud Abu Bekir's Bugatti luxury vehicle was valued at RM1.18 million (without duty and excise paid) while his Lamborghini was estimated at RM498,000.
Two other vehicles, a Bentley Continental and a Toyota Alphard, were estimated to be worth RM478,000 and RM190,000 respectively, he said.
Heng had previously testified that Mahmud Abu Bekir's shares in four oil palm estates in Sarawak had an estimated value of between RM636 million and RM1.05 billion.
Shahnaz is seeking some RM400 million as divorce settlement, including matrimonial property and “mutaah” (Islamic conciliatory payment).
She is also asking half of the assets owned by Mahmud Abu Bekir, including seven luxury cars, thousands of hectares in Sarawak, homes in countries abroad and shares in about 15 companies.
Shahnaz, the sister of popular singer Datuk Sheila Majid, and Mahmud Abu Bekir married in January 1992 and have a 20-year-old son, Raden Murya.
Mahmud Abu Bekir, the son of Sarawak Chief Minister Tan Sri Abdul Taib Mahmud, filed for divorce in May 2011. – February 5, 2014.
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