SC investigation merely decoy?
The manner Securities Commission (SC) Investigators are roughing up journalists seems as though SC is zeroing in on corporate player, Dato Ishak Ismail.
The reason is obvious. Ishak has a notorious reputation as a market rigger. He is someone SC would have wanted to lay their hands on for a long time.
Not only that, Ishak is infamous amongst Bankers for getting into trouble with Banks and giving them a hard time to recover his bad loans. In a case with one Bank, he was able to strike off the whole claim due to technicality.
One anonymous commentator claim to be “Dato Ishak Ismail” posted a comment to deny he sold the Kenmark shares on its way down. Instead, he claimed he had bought Kenmark shares.
Why then is SC going after Ishak in such manner?
In analysing corporate, besides reading present and past official documents and records, establishing the personality links and associations usually help tremendously.
To start with, let’s understand the background of SC Chairperson, Tan Sri Zarinah Anwar.
She has another famous or to some, infamous sibling i.e. Zainah Anwar of the Islam liberal group, Sister-in-Islam. But that is not where the link we are looking for.
Zarinah has one elder sister by the name of Datin Marina. Her sister is married to Dato Mat Abit. Tok Mat is a nephew to but was raised by Dato Onn Jaafar. Automatically, that makes him an uncle to Dato Hishamuddin Hussein Onn.
One of his daughter married Dato Mokhzani Tun Mahathir, which makes him berbesan to Tun Dr Mahathir.
On the other side of the coin, Tok Mat Abit is a very close friend of Tun Abdullah Ahmad Badawi.
It is not confirmed whether her appointment to SC Chairmanship by Tun Abdullah was due to this relationship. Her name may have turned up on someone’s recomendation and the family relationship only smooth things.
The person very much responsible to recommend names into positions in the “financial” side of Government and GLCs during the time of Tun Dol is the then Minister of Finance II, Tan Sri Nor Mohamed Yakcop.
Some may be coming from him but any important appointments then would be “advised” or approved by the “Kitchen Cabinet” of Tun Dol.
The “Kitchen Cabinet” basically comprise of Tun Dol’s immediate family member – loudest and most assertive being Kamaluddin, Khairy, Nori, and outsiders believed to be Norza Zakaria and Azlina Mohd Said.
Sources claim Norza, since undergoing his corruption case in Temerloh, have expressed in private that he was never part of that inner circle.
Others closely associated also were Tun Musa Hitam (hopefully soon former Chairman of Sime Darby and DPM), Dato Kalimullah (Former GEIC of NST), Dato Anuar Zaini (former Chairman of Bernama), Dato Saghul (Director General of BTN), etc.
Kalimullah was also another possible link that help to float Zarinah’s name.
Kalimullah is a “business partner” of “Mrs.” Zarinah, Dato Azizan Abdul Rahman by virtue of being Chairman in Ekowood and other business venture. And, he is a close and long time friend of Tan Sri Nor Mohamad Yakcop.
By having Zarinah there, it help to serve their purpose of getting their corporate exercises through.
Kalimullah’s immediate agenda was the takeover of Avenue and it was timely. The market legend is that Kalimullah and Khairy paid her a visit to tell her they want Avenue.
By being new, the PAC Chairman, Dato Sharir was protective of her and she cleared the enquiry easy. The SC’s approval became the basis for Nor Yakcop and MoF officials argument.
Having established the names of people linked with Zarinah, we could try to find of any links between these names with Ishak.
One name from the past provide interesting link is Kenneth Eswaran. This information was retrieved from surfing the Internet for information on Mun Loong:
