Azeez with double-E. I've checked and double checked, there is nobody by the name of Azeez with a double E high up on Sime Darby's payroll. But the deeper I dig into the current financial fiasco of this "largest plantation company in the Universe", the more frequent the 2-Es crop up. But everyone mouths his name with an exaggerated emphasis on the "E"': Azeeeeeez. Usually with a scowl.
Anyway, I have a good reason or two to believe that this Azeez is known to Ahmad Zubir Mursyid, the Group Chief Executive of Sime Darby who was last week asked to go on leave of absence until the end of his term in Nov this year over cost overruns running into close to RM1 billion.
Btw, that was last week's figure. As I'm writing this, Tun Musa Hitam and his Board of Directors are uncovering more dirt and the latest figure may now run to a bit more than the Sime Bank losses of 1998, which was only RM1.81 billion.
And I think we are not looking at a simple case of "cost overruns"..
Back to this Azeeez. He hails from a northern state of the Peninsular and is said to be close to the former Prime Minister, whose idea it was to merge Sime, Guthrie and Golden Hope into the world's largest plantation company to be named Sime Darby. Dropping the PM's name was Azeez's forte. Musa alluded to this name dropping syndicate in the company during a dinner meeting with bloggers last Friday [here] but did not mention and Azeez or anyone else by name.
To be Continued ...
Thursday, May 20, 2010
Sime Darby's Zubir, his friend Azeez, and a woman from Xinjiang
At 1:14 pm