Media Report On Directorship In Capital Investment (Labuan) Limited)

With reference to the article published in Malaysiakini dated 4 October 2021, titled “Politicians, Ministers and M’sian Uber Rich Revealed in Latest Offshore Leak”, I wish to clarify that I was the Group Director and a member of the Executive Management Committee of Kenanga Holdings Berhad from January 2009 to June 2010. In this role, I also held directorships in several subsidiaries or associated companies of the Kenanga Group, which included Capital Investment Bank (Labuan) Limited.

By June 2010, I had assumed the role of Chief Executive Officer at Maybank Investment Bank Bhd and had, therefore, taken steps to relinquish my executive and directorship roles in the Kenanga Group.

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) Limited 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.

YB Senator Tengku Datuk Seri Zafrul Tengku Abdul Aziz
Minister of Finance, Malaysia
4 October 2021