Monday, May 7, 2018

Najib's claim he bagged billion-ringgit Petronas contracts for SapuraKencana is fake news

LANGKAWI (May 6): Co-founder of Sapura Energy Bhd (formerly known as SapuraKencana Petroleum Bhd), Tan Sri Mokhzani Mahathir, dismissed caretaker Prime Minister Datuk Seri Najib Razak’s claim that he bagged billions of ringgit worth of oil contracts from Petroleum Nasional Bhd (Petronas) when his father, Tun Dr Mahathir Mohamad, was Prime Minister.
“That is fake news. SapuraKencana was only set up in 2012. My father was no longer the PM then. It was Najib who was the PM at that time. My father was only the advisor to Petronas but there is a board of directors. I was not the major shareholder of then SapuraKencana. You are saying the contracts were given when there is a board chairman that reports to you, and you did not know? I don’t understand,” said Mokhzani during his campaign trail for Pakatan Harapan in Kedah.
He added that SapuraKencana’s major shareholder is still its president and group chief executive officer Tan Sri Shahril Shamsuddin who owns 17.44% in the company while the second largest shareholder is the Employees Provident Fund (EPF) with a 5.18% direct stake, which had reduced its interest from 11.27% as at April 28, 2017.

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