Tuesday, February 26, 2013

British Victims of Investing in Malaysia


British Victims of Investing in Malaysia


60 British Investors supported by British MPs, file a civil suit against the ex-Treasurer of UMNO, Dato Azim Zabidi and his company Doxport Technologies Sdn. Bhd. for alleged fraud.
This follows on from 5th October 2011 when British investors lodged a police criminal case in Malaysia against the directors of Doxport Technologies Sdn Bhd. Investors allege that Doxport Technologies solicited funds on a false basis using fraudulent invoices and documents and misappropriated funds amounting to some US$4,000,000.
Several British MPs have expressed their deep concern to the Malaysian Attorney General, Tan Sri Abdul Gani Patail with the scope and speed of the police investigation. 14 months after lodging the criminal complaint, only one suspect has been interviewed by the police and the Money Laundering Investigation Division have, after a baffling delay of 14 months, only just started their investigation into the activities of Doxport Technologies.
60 British investors backed in the UK by Lord Ahmed of Rotherham and their MPs, have lodged a civil case at the High Court of Malaya in Kuala Lumpur to retrieve over US$4,000,000 of funds from Doxport Technologies Sdn. Bhd. and its directors, employees and representatives including Dato Azim Zabidi (Chairman & Director); Sivalingam Thechinamoorthy (Director) and Gurmeet Kaur (Accounts Department & Shareholder).
A Press Conference will be held on Wednesday 27th February 2013 at 11am by the Malaysian MP Zuraidah Kamaruddin at the PKR Headquarters, A-1-09, Merchant Square, Jalan Tropicana Selatan 1, 47410 Petaling Jaya, Selangor, Malaysia.
The British High Commission in Malaysia will also have a representative present at the Press Conference and a Press Statement by Lord Ahmed of Rotherham will also be read/given out.
In addition, a Press Conference will also be held in London at the House of Lords in early March 2013 attended by British investors, their representative Lord Ahmed of Rotherham, their respective MPs and by UK and Overseas Press, News and Media organisations.
British investors are represented in Malaysia by The Chambers of Kamarul Hisham & Hasnal Rezua. Tel: 603 6201 3566

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