SCOMI, the company linked to the Prime Minister's son Kamaluddin Abdullah, gets only 15 per cent of its RM200 million earnings locally.
CEO Shah Hakim Zain said 85 per cent came from projects abroad.
In his Aug 7 interview on TV3, Abdullah Ahmad Badawi stiffly denied that his son had abused his position as the PM's son to get deals for Scomi. "If people ask why go overseas, he (Kamaluddin) will say father (Abdullah) is the prime minister, it's difficult to earn a living locally. His contracts, his business, 80 per cent are from overseas. That is his livelihood," the PM had said.
OK, so the PM said 80 and Shah Hakim said it's 85; it's a variation of just 5 percentage points. But in the name of good corporate governance and accuracy, I thought the Scomi CEO and Mingguan Malaysia did well to set the record straight.
Read the Scomi CEO interview.
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