BACKGROUND
THE CHARGES AGAINST SANIMAN
1.
From 1978 until his resignation in October 1983, Dr Rais
bin Saniman was Senior General Manager of the International
Banking Division of BBMB (Bank Bumiputra Malaysia Berhad), the largest commercial bank in Malaysia.
2.
In addition, Saniman was Alternate Director of BMFL
(Bumiputra Malaysia Finance Limited), BBMB's Hong Kong
subsidiary. The other directors of BMFL were Lorrain Osman and
Hashim Shamsudin.
3.
Because of his simultaneous presence on the board of BMFL and within the International Banking Division of BBMB, Saniman
was in a unique position to enable BBMB to divert large sums of
money to BMFL to fulfil its lending requirements and at the
same time approve loans by BMFL utilising such funds.
4.
During the period from 1979 until 1983 Saniman is accused,
along with Osman and Shamsudin of making fraudulent advances of
approximately US $800,000,000 pursuant to a dishonest agreement
with George Tan, the owner and controller of various companies
known as the "Carrian Group".
5. Saniman is further accused of accepting bribes and favours
from George Tan for his part in arranging the fraudulent
diversion of funds and of fraudulently misusing bank funds for his own personal use by applying them as security for personal
loans from other institutions to himself.
6. Hashim Shamsudin pleaded guilty to a number of offences
based on the same allegations as those against Saniman and
in early 1987 was sentenced to 10 years imprisonment.
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