[Malaysiakini] Think-tank: Nong Chik should declare assets

Think-tank: Nong Chik should declare assets
4:57PM Apr 8, 2013

A policy think-tank has urged caretaker Federal Territories and Urban Well-being Minister Raja Nong Chik Zainal Abidin to declare his assets before nomination day.

In a press release today, Political Studies for Change (KPRU) said that this was necessary in view of accusations that Raja Nong Chik owned an off-shore company that could be involved in illicit capital outflows.

The group said that doing so will help Raja Nong Chik to disprove the allegations and clear his name.

“We urge Raja Nong Chik to declare his assets to prove (his) transparency and honesty as a politician who will be fielded for the Lembah Pantai parliamentary seat,” he said.

icij offshore companies secrecy for sale frontLast week, Washington-based International Confederation of Investigative Journalists (ICIJ) released a list of 1,500 Malaysians who own offshore companies in Singapore and the British Virgin Islands, which are known tax havens.

Apart from Raja Nong Chik, former premier Dr Mahathir Mohamad’s son Mirzan Mahathir and controversial businessperson Chia Tien Foh @ Michael Chia were also on the list.

In Raja Nong Chik’s case, he was found to be a shareholder and the director of RZA International Corporation, a British Virgin Islands entity incorporated on Aug 21, 2007 through Singapore.

‘Legitimate offshore investments’

Other shareholders and directors are comprised of Raja Nong Chik’s family members.

Raja Nong Chik told Malaysiakini that the company was established by his father for “holding legitimate offshore investments for the family”.

NONE“The company was not used to obscure activities of Kumpulan RZA Sdn Bhd, and neither was it used to circumvent taxes or hide transactions overseas,” he claimed.

Meanwhile, KPRU urged BN chairperson Najib Abdul Razak to make good on his integrity pledge with Transparency International-Malaysia (TI-M), and not field Raja Nong Chik as a candidate.

“This is to show BN’s effort in defending its integrity,” said KPRU.

http://www.malaysiakini.com/news/226176

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