Pokok Sena MP Mahfuz Omar today claimed that Domestic Trade, Cooperatives and Consumerism Minister Hasan Malek had ordered Bank Rakyat to accord special treatment to carpet trader Deepak Jaikishan twice.
Pandan MP Rafizi Ramli earlier this week showed a letter written by Hasan on Jan 30, urging Bank Rakyat to postpone any legal action to be taken against Deepak.
Hasan had urged for the remaining debt of RM32 million to be settled through a monthly payment of RM270,000 over a period of 10 years.
However, the minister on Thursday explained that Deepak’s loan was part of a debt restructuring plan.
Mahfuz, in support of Rafizi, also revealed that the bank’s board of directors had rejected Hasan's order during a meeting on Feb 27.
“They instead placed a condition for Carpet Tile Sdn Bhd (Deepak’s company) to pay RM5 million to show its commitment in abiding the agreement with Bank Rakyat.
“The board of directors also decided that any debt restructuring plan for the remaining debt will be considered after Carpet Tile settles the RM5 million payment."
Minister’s active role
The PAS MP today claimed that Hasan in another letter on March 5, ordered Bank Rakyat to postpone the implementation of the conditions it had imposed on Carpet Tile.
“Because of this, the board of directors had to agree for Carpet Tile to settle the remaining debt of RM32 million for 10 years."
Lambasting Hasan (left) further, Mahfuz said Hasan had failed to hide the fact that he had played an active role in ‘saving’ Carpet Tile.
“He cannot continue lying, saying that the special treatment given was based on a decision made by the bank’s management and board of directors," he said.
Admitting that Hasan is entitled to make decisions with regard to matters under Bank Rakyat, he however pointed out that the minister cannot seen to be abusing his power.
“How can giving special treatment to Deepak to pay the remaining debt, interest-free, help in protecting the interests of Bank Rakyat shareholders?
Mahfuz expressed hope for relevant parties such as the police and the Malaysian Anti-Corruption Commission (MACC) investigate the matter thoroughly.
Pandan MP Rafizi Ramli earlier this week showed a letter written by Hasan on Jan 30, urging Bank Rakyat to postpone any legal action to be taken against Deepak.Hasan had urged for the remaining debt of RM32 million to be settled through a monthly payment of RM270,000 over a period of 10 years.
However, the minister on Thursday explained that Deepak’s loan was part of a debt restructuring plan.
Mahfuz, in support of Rafizi, also revealed that the bank’s board of directors had rejected Hasan's order during a meeting on Feb 27.
“They instead placed a condition for Carpet Tile Sdn Bhd (Deepak’s company) to pay RM5 million to show its commitment in abiding the agreement with Bank Rakyat.
“The board of directors also decided that any debt restructuring plan for the remaining debt will be considered after Carpet Tile settles the RM5 million payment."
Minister’s active role
The PAS MP today claimed that Hasan in another letter on March 5, ordered Bank Rakyat to postpone the implementation of the conditions it had imposed on Carpet Tile.
“Because of this, the board of directors had to agree for Carpet Tile to settle the remaining debt of RM32 million for 10 years."
Lambasting Hasan (left) further, Mahfuz said Hasan had failed to hide the fact that he had played an active role in ‘saving’ Carpet Tile.“He cannot continue lying, saying that the special treatment given was based on a decision made by the bank’s management and board of directors," he said.
Admitting that Hasan is entitled to make decisions with regard to matters under Bank Rakyat, he however pointed out that the minister cannot seen to be abusing his power.
“How can giving special treatment to Deepak to pay the remaining debt, interest-free, help in protecting the interests of Bank Rakyat shareholders?
Mahfuz expressed hope for relevant parties such as the police and the Malaysian Anti-Corruption Commission (MACC) investigate the matter thoroughly.
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