Nazir welcomes Halim Saad’s ‘differing recollection’ of the past

Nazir welcomes Halim Saad’s ‘differing recollection’ of the past

Nazir Razak says Halim Saad’s letter to him will add to the discourse on Malaysia’s political economy.

Nazir Razak (left) has responded to an open letter from tycoon Halim Saad.
PETALING JAYA:
Former CIMB group chairman Nazir Razak has welcomed tycoon Halim Saad’s open letter to him over claims he made in his memoir, “What’s in a Name”.

Halim had in his letter published yesterday sought to set the record straight on Nazir’s claims, which among others implied that his purchase of Renong Bhd and UEM was funded by Umno.

Halim in his reply to Nazir had given a detailed account of what happened and said he had the documents to support them.

He disputed Nazir’s insinuation that he was not financially capable of completing a put option for UEM shares in 2001, and Nazir’s reference to Renong’s restructuring as a “rescue”.

Nazir told FMT in a text message: “I welcome his additional insights as well as his differing recollection and views about some episodes and issues that involved him and the Renong Group.

“These will no doubt enrich the discourse on our political economy and the lessons for future generations.”

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