|Tuesday, 02 October 2012 13:30|
THE former daughter-in-law of Sarawak Chief Minister Abdul Taib Mahmud has described him as the richest person in Malaysia and possibly in South-East Asia.
Shahnaz Abdul Majid, 49, testifying over the assets of her former husband Mahmud Abu Bekir Taib, said Mahmud has 111 accounts worldwide with deposits of an estimated RM700 million.
"He has personal accounts in Canada, the United States, the Caribbean, France, Monaco, Switzerland, Luxembourg, Malaysia, Hong Kong and Switzerland.
Continuing her testimony after a short break, Shahnaz said Mahmud also has five bank accounts at the Pictet and Cie bank in Bahamas, the Caribbean, with deposits of US$18 million, and another account at the Safra bank in Bahamas with deposits of US$2 million.Shahnaz also disclosed there were eight personal accounts under her husband’s name are also at the Safra Bank in Monaco with deposits of a total of US$38.3 million.
“I will call the author of the article as a witness to testify. We have also issued subpoenae to Swiss Bank chief executive officers to testify,” Rafie said.