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BUMIPUTRA

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MALAYSIA

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FINANCE

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SCANDAL

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  Bank Bumiputra Malaysia Berhad (BBMB)

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has a subsidiary called Bumiputra Malaysia
Finance (BMF).

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 BMF was established in 1974 and began

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operating in Hong Kong in 1977.

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 BMBB has changed it’s name to CIMB Group
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Holding Sdn Bhd effective on year 2009.
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 The Bank Bumi Scandal unfolds:

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 Bank Bumiputra was incorporated in 1965 and was supposed to provide

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credit and financial facilities to the rural areas in Malaysia.

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 BMF was found to have approved a huge loan of RM2.5 billion to a Hong
Kong company Carrian Group in the early 80's.

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 Apparently Carrian has given some bribe or reward to some senior BMF
officials for approving the loan.

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 Big problems began when Carrian's company started bankruptcy and could

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not repay their loan to BMF. Then in 1983, BBMB sent Jalil to Hong Kong to
investigate what had actually happened.

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 In Hong Kong, senior officials of Carrian are still trying to lobby for the BMF

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to continue lending to them and this matter has been vehemently opposed
by Jalil.
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 Jalil was killed and his body dumped in a farm.
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 Who is Jalil Ibrahim?

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  On July 19th 1983, a body was found in a banana plantation
in New Territory, Hong Kong; with a bathrobe cord around

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the neck. There was no wallet or identification on the body,

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but investigators found a 10 sen coin that fell between

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the lining of the pants worn by the deceased. It was BBMB

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auditor Jalil Ibrahim.

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Hong Kong police have confirmed that they received a

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

report from a colleague of Jalil that two Carrian Group

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officers came to the office on July 18, 1983 seeking urgent

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loan approval and that Jalil had called for the application to

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be disapproved and this may be one of the contributing
factors to his murder. o. ou
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 What happened to those who
involved?

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1. George Tan (Founder of the Carrian Group)

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His company went bankcrupt on 1983. He pleaded guilty in 1996 and

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sentenced to 3 years in prison.

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2. Lorrain Esme Osman (Chairman of BMF)

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On 1985, he was jailed for 7 years in england and died in 2011.

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3. Datuk Hashim Shamsudin (Director of BMBB & BMF)

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He eventually admitted to fraudulent bmf activities involving HK $ 1.05 billion
and received HK $ 15 million in bribes. He was sentenced to 4 and a half
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years in prison in 1987 and the Court of Appeals extended his sentence to 10
more years in prison.
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4. Dr Rais Saniman (Director of BMF)
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In Hong Kong, he was charged with two counts of corruption and pleaded
guilty. He was sentenced to 5 years in prison.
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