What is important there was no corruption, or bribe or kickback but, legitimate professional services rendered.
Was there a conflict of interest between Razak’s Perimekar and Terasasi?
The shareholders of Perimekar is his wife, Mazlinda through KS Ombak Sdn Bhd and institutional shareholders, LTAT and Boustead. It is specific to play, among others, the logistical support role for the Government.
While Directors of Terasasi Ltd, Hong Kong are Razak and his father, Dato Abdullah Malim Baginda. Despite the different but related ownership, Terasasi was doing work with the French. Anything wrong there?
Off course, SUARAM can spin it any other way they wish but thus far nothing wrong there.
We are not sure when Terasasi was incorporated and who was the original two Director but it does not matter.
Read more HERE.