PM promises to look into Farhash’s shareholding in govt contractor

PM promises to look into Farhash’s shareholding in govt contractor

This follows claims of 'crony capitalism' in the businessman’s acquisition of shares in HeiTech Padu Bhd.

Prime Minister Anwar Ibrahim said he would look into the financial details of Farhash Wafa Salvador Rizal Mubarak’s shareholding in HeiTech Padu Bhd. (Facebook pic)
PETALING JAYA:
Prime Minister Anwar Ibrahim says he will check with the Treasury on businessman Farhash Wafa Salvador Rizal Mubarak’s substantial shareholding in a government contractor.

Anwar, who is also the finance minister, said a statement would be issued later.

At a breaking-of-fast event at Masjid Ashabus Solihin in Kajang this evening, Anwar was asked by the media about concerns of “crony capitalism” following Farhash’s substantial shareholding in technology services provider HeiTech Padu Bhd.

Farhash had recently given former Umno leader Isham Jalil seven days to issue a public apology and retract his claims on social media over the former’s acquisition of an indirect interest of 15.9% in the company which had been shortlisted for a RM1 billion immigration contract.

Isham, however, refused, saying that his claims were a matter of public interest, and accused Farhash of avoiding the questions posed to him in a TikTok video.

Isham also filed a police report over Farhash’s shareholding in the company, voicing concern over alleged potential breaches in the law in the purchase of an estimated RM40 million worth of shares since Farhash was a high-profile individual.

Farhash is the chairman and director of several companies, including 7-Eleven Malaysia Holdings Bhd and Apex Equity Holdings Bhd.

A former aide to Anwar, Farhash previously defended his stake in HeiTech Padu, saying it was part of an investment strategy in Bumiputera tech companies.

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