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| Posted: 28 May 2014 10:32 PM PDT Source: Malaysian Insider The minister embroiled in the RM32 million Bank Rakyat loan scandal refused to take questions from the press today at an event in Kuala Lumpur. Domestic Trade, Cooperative and Consumerism minister Datuk Seri Hasan Malek (pic) left immediately after launching the Malaysian Franchise Association's Annual General Meeting at the Putra World Trade Centre and waved off reporters who approached him to ask him about the scandal.  Yesterday, when The Malaysian Insider sent a text message to Hasan to get his comments over the controversial loan to carpet dealer Deepak Jaikishan, the minister had replied: "I'm at a meeting. I cannot return call". He did not return the call nor answer the text messages sent to him. Hasan was alleged to have interfered in a RM32 million loan given by Bank Rakyat to Deepak by instructing the bank to make it interest-free. The bank's former chairman Tan Sri Sabbaruddin Chik, who exposed the scandal, had told The Malaysian Insider that Deepak had used his political connections to settle the loan without any interest calculated and had sought Hasan's intervention.  In The Malaysian Insider report on Monday, Sabbaruddin had alleged that his tenure as the chairman of Bank Rakyat was not extended after he and the baord rejected Deepak's proposal. Deepak had sought the assistance of Hasan, who had allegedly told the bank: "I can sack all of you". Sabbaruddin had told the Bank Rakyat board of directors to initially reject the compromise offered by Deepak to settle his outstanding debt. "Ten years to pay off a debt without interest, that means the bank will be the big loser in the end," Sabbaruddin had said. According to Sabbaruddin, after the decision was made, Hasan was dissatisfied and refused to sign the letter extending his tenure as Bank Rakyat chairman. "My term ended on April 8 and Bank Negara had agreed to extend my contract, but Hasan refused to sign it," Sabbaruddin had said. Sabbaruddin had also showed The Malaysian Insider a letter signed by Hasan instructing Bank Rakyat to proceed according to the terms of the compromise. The incident reached boiling point when Bank Rakyat managing director Mustafa Razak was instructed to raise the issue before the board of directors. The board was instructed to agree with the method of repayment in March.  |
| Perak to proclaim new Sultan tomorrow Posted: 28 May 2014 05:56 AM PDT  He said the ceremony would be held before the remains of the late Sultan Azlan Shah were laid to rest. Sultan Azlan Shah passed away at 1.30 pm today at the National Heart Institute in Kuala Lumpur. His Royal Highness was 86. Ayob also said that a special meeting of the Dewan Negara Perak would be held late this evening to determine the successor of Sultan Azlan Shah. Orang Kaya Bendahara Seri Maharaja Gen (Rtd) Tan Sri Mohd Zahidi Zainuddin will chair the meeting at the Istana Iskandariah, he said. The special meeting is convened in accordance with a provision in the Perak Constitution which states that the Dewan Negara must convene in Kuala Kangsar within 24 hours of the demise of a reigning monarch. Ayob said the appointment and proclamation of the new sultan would take place after the dignitaries and the public had paid their last respects to the late sultan. The remains of Sultan Azlan Shah will be laid to rest at the royal mausoleum in Kuala Kangsar tomorrow after the 'Asar' prayers in the late afternoon. The local and international sports arena, especially hockey, suffered a huge loss with the demise of the Sultan of Perak, Sultan Azlan Shah who is regarded as the 'Father of Malaysian Hockey' for his tremendous contributions to the sport over 41 years, both as a player and administrator. Sultan Azlan Shah, 86, who started playing hockey since his school days, played for Perak during his hey days before being elected as the Malaysian Hockey Federation (now Malaysian Hockey Confederation) vice president in 1973. As a centre-forward for the Perak Malays and Perak State teams, Sultan Azlan Shah was feared by his opponents for his speed as well as his dribbling skills on the field. Sultan Azlan Shah possesses a staunch enthusiasm for sports, especially hockey as his love for hockey began during his schooldays. Under his stewardship, Malaysian hockey was able to stand on the same platform of the big boys in world hockey like India, Pakistan, Australia and Holland to name a few. It was also during his time that Malaysia was first given the honour to host the World Cup of hockey in 1975 where Malaysia finished an all time high of fourth in the 1975 edition. Under his leadership, Malaysia were once again given the host job for the 2002 World Cup which was held at the National Hockey Stadium in Bukit Jalil. Upon the death of the then MHF president Tun Abdul Razak in 1976, Tun Hussein Onn stepped in as the President until 1981 before Sultan Azlan Shah took over the role of MHF President and stayed at the helm until 2005. In 1997, Sultan Azlan Shah was elected as the President of the Asian Hockey Federation and remained the President until his demise today. In 1992, Sultan Azlan Shah helped set up the Yayasan Hoki Malaysia, to enable hockey players in the country to enjoy a better benefits in terms of education, welfare and jobs. Sultan Azlan Shah was also elected as the vice president of the Federation International Hockey (FIH) in 1992 and stayed on for two terms. - Bernama Al-Fatehah...  |
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