Sarawak CM’s son worth more than RM1 billion, says ex-wife

 

TMI

Sarawak Chief Minister T20121002-164950.jpgan Sri Abdul Taib Mahmud’s son is worth more than RM1 billion, his former daughter-in-law told a Syariah court here today, when justifying her claims for RM400 million in their divorce settlement.

Shahnaz Abdul Majid, who was married to Taib’s son, Datuk Seri Mahmud Abu Bekir Abdul Taib, is demanding RM100 million as mutaah (Islamic conciliatory payment) following their recent divorce, and a RM300 million share of joint matrimonial assets.

The couple had finalised their divorce last May, after a long-drawn court battle in which Shahnaz is claiming a total of RM400 million as compensation.
Taib’s former daughter-in-law, Shahnaz Abdul Majid, is claiming that he has personal accounts in Canada, the United States, the Caribbean, France, Monaco, Switzerland, Luxembourg, Malaysia, Hong Kong and Switzerland. — File picture
“He has personal accounts in Canada, the United States, the Caribbean, France, Monaco, Switzerland, Luxembourg, Malaysia, Hong Kong and Switzerland,” Shahnaz was quoted by news portal Malaysiakini as saying today during the Islamic court proceeding, referring to Taib’s son Mahmud.

“My claim of RM100 million in mutaah is small as he is worth in excess of RM1 billion. The RM100 million can be said to be worth 10 sen to him,” she was reported as adding.

Shahnaz, the sister of jazz queen Datuk Sheila Majid, was also reported to have said that her former husband has an estimated RM700 million deposited in 111 banking accounts worldwide.

She told the court that Mahmud had squirreled away US$25 million (RM76.3 million) in two personal accounts in Luxembourg’s Edmond de Rothschild bank.

Her ex-husband also has several accounts with the same European bank in Switzerland with deposits of US$31 million, Shahnaz was reported saying.

Mahmud also had several accounts with British banking giant HSBC — two in Jersey with US$34 million in deposits and one in Hong Kong with deposits of US$9.6 million in his name.

All these accounts have a combined value of US$100 million in deposits.

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