1. Nazir Razak, 49

CIMB Group Holdings Berhad (KLSE:CIMB, stock-code 1023): Chairman
Khazanah Nasional Berhad (KNB): Director
Employees Provident Fund (EPF): Chairman of the Investment Panel Risk Committee
Malaysia International Islamic Financial Centre: Executive Committee member

Nazir Razak, the youngest brother, is the most well known. He obtained a Master of Philosophy at Cambridge University. He is a career banker, joining CIMB Investment Bank almost 20 years ago and rising through its executive ranks to become its CEO in 1999. Perhaps the most business-savvy within the Razak family members, Nazir is infamous for his controversial acquisition of Southern Bank from owner Tan Teong Hean.

Following the merger of CIMB and Bumiputra-Commerce Bank, to become Bumiputra-Commerce Holdings Bhd (BCHB), Nazir became CEO of the merged group and later Chairman of CIMB Group. Informed observers widely believe Nazir advises Najib on finance and economic policy issues. However, the relationships between all the Razak brothers with PM Najib are in a bad shape due to wife Rosmah Mansor.

It’s the end of an era for the country’s second-largest lender, CIMB Group , as its chairman Datuk Seri Nazir Razak, the face behind the group, will leave, effective Dec 31 this year.

2. Mohamed Nizam Razak, 56

Mamee Double-Decker (M) Berhad (delisted-privatised): Non-Executive Director
Yeo Hiap Seng (M) Berhad (delisted-privatised): Non-Executive Director
Other directorship: Synergy Track Sdn. Bhd., Deutsche Bank (Malaysia) Bhd., Noah Foundation, Hong Leong Foundation, National Children Welfare Foundation, Yayasan Rahah, and Yayasan Wah Seong.

Nizam Razak studied politics, philosophy, and economics at Oxford University. He was a stockbroker and CEO of PB Securities Sdn Bhd in the 1990s. He is currently a non-executive director in several once-publicly listed companies including Mamee Double-Decker (M) Bhd and Yeo Hiap Seng (M) Bhd, which have since been taken private.

He used to serve as non-executive director at Hiap Teck Venture Bhd and Delloyd Ventures Bhd, and like brother Johari, Nizam is also a director of Deutsche Bank. Together with UMNO money carrier Syed Mokhtar they were once eyeing for the 19.4% stake in DRB-Hicom held by the family trust of late Yahaya Ahmad. Today, Syed Mokhtar owns DRB.

3. Mohamed Nazim Razak, 53

Hong Leong Bank Berhad(KLSE: HLBANK, stock-code 5819): Non-Executive Director
Hong Leong Capital Berhad (KLSE:HLCAP, stock-code 5274): Non-Executive Director
XiDeLang Holdings Limited (KLSE: XDL, stock-code 5156): Deputy Chairman
7-Eleven Malaysia Holdings Berhad (KLSE: SEM, stock-code 5250): Non-Executive Director
Hong Leong Islamic Bank Berhad: Non-Executive Director
Other directorship: The Legends Golf & Country Resort Bhd., Batu Caves Centrepoint Sdn. Bhd., BTS Land Capital Sdn. Bhd., Century Tower Industries Sdn. Bhd., Digiport (M) Sdn. Bhd., etc

Nazim Razak, the fourth brother who married former host of TV3’s Nona show, Norjuma Habib Mohamed, studied architecture in the UK. He is Chairman of Meru Utama Sdn Bhd, an outdoor advertising company that received a seven-year advertising concession in 2007 to advertise the Kuala Lumpur International Airport and Low-cost Carrier Terminal (LCCT).

Nazim is also a director of Eng Wah Organization Limited, a Singapore-based business involved in cinema operations, film distribution and rental of retail and office space. He is a Chairman of the Governing Council of Masterskill, a private University/College (the Pro Chancellor is Raja Azureen Raja Azlan Shah, the daughter of the late Sultan of Perak) and Director of OYL Industries (a subsidiary of Hong Leong Group of Companies).

4.  Tan Kay Hock, 67

Johan Holdings Berhad(KLSE: JOHAN, stock-code 3441): Chairman and CEO
George Kent (M) Berhad(KLSE:GKENT, stock-code 3204): Chairman
Jacks International Limited: Chairman
Iskandar Regional Development Authority: Member
Malaysian Humanitarian Foundation: Director

When Tan Kay Hock, a golfing buddy of Prime Minister Najib Razak, was awarded the systems work for the RM1.1 billion Ampang light rail transit (LRT) line extension project in July 2012, it raised eyebrows because the company was better known as manufacturers and suppliers of water meters. Mr Tan denied his company, George Kent, won due to political links.

Now that his golfing buddy Najib is in hot soup over 1MDB’s RM42 billion debt scandal, will the prime minister expedite the Kuala Lumpur-Singapore High Speed Rail project before getting the boot? Most importantly, will Tan Kay Hock’s 25-years of “friendship” with Najib helps George Kent secure the jewel of rail projects?

5. Shahril Shamsuddin, 54

SapuraKencana Petroleum Berhad(KLSE: SAPCRES, stock-code 8575): Executive Director and President and Group CEO
Sapura Industrial Berhad(KLSE: SAPIND, stock-code 7811): Deputy Chairman
Sapura Resources Berhad(KLSE: SAPRES, stock-code 4596): Non-Executive Director
Sapura Secured Technologies Sdn. Bhd. (private division of Sapura Group): President and CEO

Shahril Shamsuddin of Sapura Group and his family is well known to have a very good relationship with Najib’s family. His father, Shamsuddin Abdul Kadir, the founder of Sapura Group, was however aligned to former premier Mahathir Mohamad. Later, the merger between Mahathir’s son (Mokhzani Mahathir) Kencana Petroleum and SapuraCrest Petroleum forming today’s SapuraKencana in 2012.

However, both Mokhzani and Shahril couldn’t see eye to eye, due to differences of opinion between both co-founders in the running of SapuraKencana, not to mention about who really has better capability helming the country’s largest oil and gas services firm. Subsequently, Mokhzani resigned as vice chairman this year (March 2015).

6. Mohamed Azman Yahya, 51

SymphonyHouse Berhad (KLSE: SYMPHNY, stock-code 0016): Group CEO, Founder
Symphony Life Berhad(KLSE: SYMLIFE, stock-code 1538): Executive Chairman
Scomi Group Berhad(KLSE: SCOMI, stock-code 7158): Non-Executive Director
PLUS Expressway Berhad(delisted in 2012): Non-Executive Director
Ekuiti Nasional Berhad: Director
AIA Group Limited: Non-Executive Director
Khazanah Nasional Berhad (KNB): Director

Mohamed Azman Yahya, director of Khazanah, and founder and group chief executive officer of Symphony House Bhd, an outsourcing firm. He is also the ex-CEO of Pengurusan Danaharta Bhd and sits on several advisory panels for the development of the capital market, venture capital, and public service delivery system.

Despite his supposedly wide experience in charge of national asset management, he couldn’t do anything to help the once rotting Malaysian Airline Systems. However, Azman Yahya, one of Najib’s six trusted individuals, was allegedly conspired with Nor Mohamed Yakcop and cheated Halim Saad in a UEM-Renong takeover deal back in 2001.

7. Rohana Mahmood, 61

Paramount Corporation Berhad(KLSE: PARAMON, stock-code 1724): Non-Executive Director
AMMB Holdings Berhad(KLSE: AMBANK, stock-code 1015): Non-Executive Director
Sime Darby Berhad(KLSE: SIME, stock-code 4197): Non-Executive Director
RM Capital Partners Sdn Bhd (spin off from Ethos Capital): Chairman and Founder.
AmInvestment Bank Berhad: Non-Executive Director

Rohana was the chairman and co-founder of Ethos Capital, a RM200 million private equity firm, which through its Ethos Consulting was involved in the National Automotive Policy that resulted in the abuse of APs to selected individuals associated to Khairy Jamaluddin, son-in-law of former prime minister Abdullah Badawi. Among all cronies, Rohana Mahmood stands out as deeply embedded in the Najib family’s commercial interests.

Together with Omar Mustapha Ong, a former special assistant to Najib Razak, they once had their eyes on EPF’s RM300 billion fund to manage. She and another close aide of Najib, Abdul Razak Baginda (linked to gruesome murder of Mongolian Altantuya), are co-founders of an independent think-tank, Malaysian Strategic Research Centre. Najib was chairman of the think-tank, now disbanded.

8. Azman Mokhtar, 54

Axiata Group Berhad (KLSE: AXIATA, stock-code 6888): Chairman and Non-Executive Director
Khazanah Nasional Berhad (KNB): Managing Director and CEO
Iskandar Investment Berhad: Chairman

Azman was Managing Director and co-founder of the infamous consulting firm BinaFikir, which proposed WAU (Wide Unbundling Asset) in 2002 to save ailing Malaysian Airline System (MAS). Amusingly, under his poor leadership, MAS made bigger losses. Azman then proposed Penerbangan Malaysia Berhad (PMB), which also lost money.

Azman Mokhtar, who is running Khazanah, Malaysia’s sovereign wealth fund which in effect controls CIMB along with the country’s national pension scheme, is one of six trusted individuals personally picked by Najib for ideas on issues ranging from economy, capital markets and general business soon after Najib was appointed Finance Minister.

Comically, the supposedly genius Azman Mokhtar couldn’t turn around MAS for the second time, in a MAS-AirAsia share swap exercise. He probably has the longest list of “failed” restructuring and business ventures – tuna fishing venture losses of RM120 million, Parkway Holdings’ RM935 million losses, and whatnot.

9.  Mohd Nadzmi Mohd Salleh, 61

Konsortium Transnasional Berhad(KLSE: KTB, stock-code 4847): Chairman and Managing Director
Transocean Holdings Berhad(KLSE: TOCEAN, stock-code 7218): Chairman and Managing Director
V.S. Industry Berhad(KLSE: VS, stock-code 6963): Non-Executive Director
JT International Berhad: Chairman
Express Rail Link Sdn Bhd (ERL): Chairman
Nadicorp Holdings Sdn Bhd: Chairman
Trisilco Folec Sdn Bhd: Chairman

Mohd Nadzmi, the chairman and MD of express bus operator, Konsortium Transnational Bhd. The former Proton boss was called upon by the Government in 1996 to revive the ailing public transport company. He is one of the six trusted individuals personally picked by Najib for ideas on issues ranging from economy, capital markets and general business soon after Najib was appointed Finance Minister.

He was former PM Mahathir’s prodigy and has expertise in transportation. Nadzmi had tried bidding for Proton numerous times, when the national car maker’s profits came under pressure. German’s Volkswagen and American’s General Motors had held talks with Proton management but the sensitive issue of “over-protection” ownership hindered any further strategic alliance.

10. Mohd Salleh Bakke, 61

Sime Darby Berhad(KLSE: SIME, stock-code 4197): President, Group CEO
Eastern & Oriental Berhad(KLSE: E&O, stock-code 3417): Non-Executive Director
Sime Darby Property Berhad: Non-Executive Director
Yayasan Sime Darby: Non-Executive Director
Northern Corridor Economic Region (NCER): Director
Other directorship: Sime Darby Energy & Utilities Sdn. Bhd., Sime Darby Healthcare Sdn. Bhd., Sime Darby Plantation Sdn. Bhd., Sime Darby Industrial Holdings Sdn. Bhd., Sime Darby Bhd., Eastern & Oriental Bhd., Sime Darby Energy Sdn. Bhd., Sime Darby Motors Sdn. Bhd.

Bakke was formerly the Group President & Chief Executive Officer of Felda Global Ventures Holdings Berhad. His previous directorship and chairmanship involvement included Permodalan Nasiona Berhad (PNB), Pengurusan Danaharta Nasional, Bank Islam Malaysia, Lembaga Tabung Haji and whatnot.

But none of the above beats his latest “involvement”, or at least his “knowledge” about the explosive 1MDB’s RM42 billion debt. Bakke was the chairman of 1MDB from 11-Aug-2009 till his resignation on 19-Oct-2009. So, was he involved in the approval of US$700 million, allegedly siphoned to Good Star Ltd, a company owned by Jho Low?

11. Lodin Wok Kamaruddin, 61

Affin Holdings Berhad(KLSE: AFFIN, stock-code 5185): Deputy Chairman
Boustead Heavy Industries Corporation Berhad (KLSE:BHIC, stock-code 8133): Chairman
Boustead Holdings Berhad (KLSE:BSTEAD, stock-code 2771): Deputy Chairman and Group Managing Director
Boustead Plantations Berhad (KLSE:BPLANT, stock-code 5254): Vice Chairman
Pharmaniaga Berhad (KLSE:PHARMA, stock-code 7081): Chairman
1Malaysia Development Berhad (1MDB): Chairman
Lembaga Tabung Angkatan Tentera (LTAT): Chief Executive
Other directorship: UAC Berhad, MHS Aviation Berhad, FIDE Forum, Badan Pengawas Pemegang Saham Minority Berhad, Affin Bank Berhad, Affin Islamic Bank Berhad, Affin Hwang Investment Bank Berhad and AXA Affin Life Insurance Berhad.

The mention of LTAT and Boustead will easily give away the type of business Lodin specialises in. He’s essentially the “Chief of the Armed Forces Fund Board”, making him very powerful and super rich. His Boustead Heavy Industries was notorious for getting all the contracts building military ships for the government, but can never delivered them (*grin*). But that was just the tip of an iceberg.

What many didn’t realise was the fact that Lodin Wok was one of the directors of Perimekar Sdn Bhd until 2010, when the explosive procurement of two French-made submarines was revealed. The Scorpene scandal, which involved RM534.8 million in commission, and later the gruesome murder of Mongolian Altantuya speaks volumes about Lodin’s relationship with Najib. He also sits on the boards of Affin Bank Bhd, one of Perimekar’s bankers.

12.  Ismee Ismail, 51

Syarikat Takaful Malaysia Berhad(KLSE: TAKAFUL, stock-code 6139): Chairman
TH Plantations Berhad(KLSE: THPLANT, stock-code 5112): Non-Executive Director
BIMB Holdings Berhad(KLSE: BIMB, stock-code 5258): Non-Executive Director
Bank Islam Malaysia Berhad: Non-Executive Director
Edra Global Energy Berhad (formerly known as 1MDB Energy Group Berhad): Director
Lembaga Tabung Haji: Group Managing Director and CEO
1Malaysia Development Berhad (1MDB): Director

Ismee Ismail began his career at Arab Malaysian Development Berhad in 1987. He later joined the Shell Group of Companies in Malaysia and held various positions including the Head of Forex and Banking of Shell Malaysia Ltd and Group Accountant of Shell Malaysia Trading Sdn. Bhd.

He is currently the Group Managing Director and Chief Executive Officer of Lembaga Tabung Haji. Prior to that, he was the Chief Executive Officer of ECM Libra Securities Sdn Bhd and a Director of ECM Libra Capital Sdn Bhd. What’s in the limelight now is the prospect of Tenaga Nasional Berhad bailing Edra Global Energy Berhad, to the tune of RM16 billion. Did he also has his hand in Tabung Haji’s recent acquisition of 1MDB’s lands?

13. Zahid Hamidi 

Several stocks widely linked to Datuk Seri Ahmad Zahid Hamidi — Tekala Corporation Bhd, Kreta Holdings Bhd and Salcon Bhd

Others That Will See Heavy Trading

These are just some of the well-known companies with political ties (i.e. previous and current ruling parties). Keep an eye out for these stocks as they might be generating trading interest.

1. Star Media Group Bhd – Government-owned (MCA) mouthpiece media; may see its stocks take a hit.

2. Utusan Melayu (M) Bhd – Government-owned (UMNO) mouthpiece media; may see its stocks take a hit.

3. Media Prima Bhd – Media-related businesses including in Television, Print, Radio, Out-of-Home, as well as Content and Digital Media. Datuk Kamal bin Khalid, who is on the Board of Directors, was previously in charge of the communications unit in the Prime Minister’s office. May see its stocks take a hit.

4. AMMB Holdings Bhd – One of the largest banking groups. What makes this stock one to watch out for is the slew of 1MDB scandals tied to it: Najib’s account in AmBank was found to have the RM2.6bil (2014 exchange rates) deposited in it; the Group was slapped with a RM53.7mil fine by Bank Negara in 2015 presumably for non-compliance of certain regulations related to 1MDB; it issued 1MDB’s first bond worth RM5bil in 2009. Above all, its founder, Hussain Najadi (of Persian origin), was suspiciously murdered. Need we say more?

5. Malayan Banking Berhad – Another giant in the banking industry. Owned by the government through three main shareholders: ASB, EPF and PNB. Shares expected to be affected due to Pakatan Harapan’s promise to review mega projects which might affect the issuance of bonds.

6. Alliance Bank (M) Bhd – Banking group that’s been linked to Tun Daim Zainuddin via privately-held Langkah Bahagia Sdn Bhd. Most notably, Daim was recently expelled from UMNO for voicing his support for Pakatan Harapan during the general elections. Stocks might rise considering Daim’s political ties, in addition to his good ties with Temasek Holdings, a Singaporean investment arm.

7. Supermax Corporation Berhad – Latex glove conglomerate. On the board of directors sit Tan Sri Rafidah Aziz and Dato’ Seri Stanley Thai Kim Sim. The former is a vocal supporter of Pakatan Harapan, the latter was forced to issue a formal apology to Najib Razak for getting involved in campaigning for Pakatan Harapan. May see its stocks rise.

8. IJM Corp Bhd – Property developer. Founder, Koon Yew Yin, donated RM50mil to the Penang government to help provide student hostel accommodations. Pakatan Harapan will launch comprehensive reviews into mega projects, thus construction stocks will come into the limelight.

9. Gamuda Bhd – Engineering, property and infrastructure company. Also founded by the tycoon Koon Yew Yin. Another one of the construction stocks that will come into the limelight, especially due to it being a part of the tender relating to the HSR project.

10. Malaysian Resources Corporation Berhad – Company dealing in Property Development & Investment, Engineering, Construction & Environment, as well as Infrastructure & Concession. Not only is this another construction stock that was a part of the tender relating to the HSR project, it’s a government-linked company with the EPF as a significant shareholder.

11. Destini Bhd – Integrated engineering solutions provider that has major interests in the aviation, marine and oil and gas sectors. Owned not only by Datuk Rozabil Abdul Rahman who is a member of UMNO, but also by the Ministry of Finance with a 17.3% stake. With PH wanting to review mega projects given to foreign countries, they may stand to benefit from local contracts, given that they’re currently completing a RM62mil job from Keretapi Tanah Melayu Bhd.

Source : Finance Twitter

Source : Loan Street

1st Tier Losers

Companies owned or linked to Najib Razak and family. These are probably the stocks to avoid since that family isn’t exactly the most popular kid on the block anymore.

1. Sersol Berhad – Paints, coatings and industrial chemicals manufacturer. Najib’s son, Mohd Nazifuddin Najib, is a substantial shareholder of SerSol with a 21% stake.

2. CIMB Group Holdings Berhad – Leading KL-headquartered ASEAN universal bank, one of the largest investment banks in Asia and one of the largest Islamic banks in the world. Chaired by Najib’s brother, Nazir Razak. Interestingly enough, he spoke out against his own brother, lamenting on “the failure of past governments to overcome structural rigidities and vested interest”.

2nd Tier Losers

Companies owned or linked to asociates of Najib Razak, and will most probably see their shares take a hit.

1. George Kent Malaysia Bhd – Water services and water works products as well as water infrastructure projects; ventured into rail transportation and healthcare sectors. Tan Sri Dato’ Tan Kay Hock, who sits on the Board of Directors, is close friends with Najib (friendship dates back to more than 25 years).

2. WCT Holdings Bhd – Investment holding company with an investment in two main subsidiaries, WCTB and WCT Land Sdn Bhd which are primarily involved in engineering and construction, property development and investment & management activities. Tan Sri Desmond Lim Siew Choon, good friend of Najib Razak and Rosmah Mansor (recently housed them in his Pavilion Residences), sits on the Board of Directors.

3. Malton Bhd – Deals in property development, construction and project management. Tan Sri Desmond Lim Siew Choon sits on the Board of Directors.

4. MyEG – Linked to Wong Thean Soon, who was reputed to have very close ties to the previous administration. Heavily dependent on favorable and exclusive government concessions.

5. Excel Force – Another company linked heavily to Wong Thean Soon of MyEG. Rumored to have been awarded contracts for an alternative trading system by the previous administration.

A complete list of Najib Razak’s inner circle consisting his advisors and those aligned to his camp within UMNO

Tan Sri Peter Sondakh

Sondakh advises Najib on Indonesia.

He came into contact with Najib when he was negotiating to sell a controlling interest in his telecommunications group, Excelcomindo Pratama, to Malaysia’s national telecommunications company Telekom Malaysia in 2004.

Flush with cash from the sale of his telecommunications group, Sondakh, now 57, acquired hotels in Malaysia, including the Sheraton Imperial. The latter was owned by a financially troubled unit controlled by Telekom Malaysia’s parent company Khazanah Holdings, the country’s state-owned investment agency.

Since then, Sondakh has emerged as an informal personal adviser to Najib on matters related to Indonesia.

Omar Mustapha

Omar was Najib’s aide when he was DPM.

The one-time special assistant to Najib owns a business consultancy called Ethos & Co.

Omar, who is 38 years old, also has links with Sondakh.

The two struck up a relationship several years ago when Omar was assigned by Najib, then Deputy PM, to build a network in Indonesia, which was identified as a potential investment destination for Malaysian companies, particularly state controlled enterprises.

Businessmen who know Omar say that he is being tapped for strategic advice.

He is also said to be the architect of the Premier’s “1 Malaysia” slogan — a call for a more united Malaysia, which has become the central theme of Najib’s first 100 days in office.

But Omar, who graduated from Oxford, has been ensnared in a controversy in recent weeks after the board of the national oil corporation Petronas rebuffed a proposal by Najib to appoint his young aide as a director.

Bankers and lawyers familiar with the situation say that the board of directors of Petronas opposed Omar’s position because he failed to honour his scholarship agreement with the oil corporation after it financed his studies in Britain.

After graduating in the mid-1990s, he worked briefly in Petronas and another government-linked corporation before joining consultancy firm McKinsey.

He left it to set up Ethos in early 2002 with several friends, and two years later was appointed Najib’s special officer in the DPM’s Office.

Omar did not respond to requests for comment.

Tan Sri Tan Kay Hock

Tan is said to be a golf buddy of the PM.

He is the low-profile controlling shareholder of Johan Holdings, a public-listed investment holding company, and said to be a golf buddy of Najib’s.

The Financial Times had reported that Tan, 61, was the owner of the 607ha Guiana Island, which is now at the centre of a fraud case brought by the United States authorities against Texan billionaire businessman Allen Stanford.

Jho Low

Another low-profile businessman, he was a key architect of a multibillion-ringgit sovereign wealth fund established by the state of Terengganu.

The fund, called the Terengganu Investment Authority (TIA), has sparked controversy because it will be created using borrowed money and not existing capital held by the state. It will raise capital from a RM5 billion bond issue, which will be guaranteed by the Malaysian government.

Little is known of Penang-born Low, who a TIA official said is an adviser to Malaysia’s King, Sultan Mizan, and has close ties with several Middle East investment funds.

Lim Kok Wing

Advertising man Tan Sri Lim Kok Wing, who has run Barisan Nasional’s election campaigns, is Datuk Seri Najib Razak’s new public campaign coordinator in a charm offensive to win over Malaysians and shore up the prime minister’s flagging popularity.

Lim rode high during Tun Dr Mahathir Mohamad’s administration, but the former prime minister is now Najib’s harshest critic.

It was learnt that Lim, who has been appointed “special programme coordinator”, has drawn up plans for Najib to go nationwide to gather support and listen to the complaints from the people.

Lim, who founded the Limkokwing University of Creative Technology, will report directly to the Prime Minister’s Office which already has a string of advisors.

https://thecoverage.my/news/herere-najib-razak-cronies-stocks-avoid-complete-list-najib-razaks-inner-circle-consisting-advisors-aligned/