Tan Sri Nasimuddin passed away this morning

Pix courtesy of malaysiakini

Tan Sri SM Nasimuddin SM Amin, founder and group chairman of Naza group of companies, passed away peacefully this morning at about 1.15 a.m. (local time) in USA after a long battle with lung cancer.

At the time, he was undergoing treatment in a hospital in Long Beach, California. His wife, Zaleha Ismail, and his five children were by his side.

Despite his success and influence, Tan Sri Nasimuddin had always been known to keep a low profile. His remains will be arriving in the country tomorrow morning.

My deepest condolences to the family.

Al-Fatihah.

– Terjemahan oleh Lee Wee Tak – Ucapan ribuan terima kasih dari Wee Choo Keong –

Tan Sri SM Nasimuddin SM Amin, pengasas dan pengerusi kumpulan syarikat Naza telah meninggal dunia pagi ini lebih kurang pukul 1:15am (masa tempatan) di Amerika Syarikat setelah lama menentang penyakit barah paru-paru.

Pada masa itu, beliau sedang menerima rawatan di sebuah hospital di Long Beach, California. Isterinya, Zaleha Ismail, dan kelima orang anaknya berada di sisinya.

Walaupun beliau mempunyai kejayaan nan besar serta sangat nerpengaruh, namun Tan Sri Nasimuddin selalu berdiam diri dan todak menonjolkan diri. Mayatnya akan tiba di negara kita pagi esok.

Saya mengucap takzim kepada keluarganya,

Al-Fatihah.

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3 thoughts on “Tan Sri Nasimuddin passed away this morning

  1. CLF

    Condolence to his family. He’s a great man who’s responsible to bring in so many nice cars into this country with his NAZA group.

    Reply
  2. every dog has his day

    By Raja Petra Kamarudin Sorry for not writing earlier. I know many of you must be anxiously waiting to hear what I have to say about yesterday’s episode at Bukit Aman. You know, of course, I no longer possess any computers and I don’t dare buy a new one lest they again come to my house and confiscate that one as well. So expect some delay between articles until I get back my computers.They have already confiscated my computers three times since 2001 and although they are eventually returned many, many months later, the computers are all screwed up and can’t be used any longer.What the hell do they do with these computers anyway? Anyhow, we will talk about this later. Before that I would like to talk about Malaysia’s car czar, the recently deceased Tan Sri Nasimuddin Amin.Tan Sri Nasimuddin is being investigated by the UK Police (read: UK probe into dead tycoon’s business practices ). It seems his company, the Naza Group, has been forging documents so that brand new cars from the UK can be imported into Malaysia as used cars, or, as they are fond of saying, ‘recon’ cars.The import duty for ‘recon’ cars would of course be far, far lower than that for brand new cars. Furthermore, there is a quota for the import of new cars. I think it is not more than 20% of the total cars sold or assembled in Malaysia (not sure which). No one really knows the real figure because many new cars are brought in as ‘old’ cars while Approved Permits (APs), which are issued according to the allowed quota, are cloned (read as ‘forged’) so the actual (unofficial) new car imports are certainly higher than the official figures.It is sad that the UK government is only now investigating this matter. It is sad for two reasons. Firstly, two days ago, Tan Sri Nasimuddin died of cancer in the US so now, instead of being remembered as a Towering Malay, he is going to go down in history as the greatest Malay scammer. Secondly, this scam has been going on since the last 30 years and billions of Ringgit in tax evasion and fraudulent imports has passed through the pockets of the AP holders. This is like trying to lock the stable door after the horse has bolted, or, in Tan Sri Nasimuddin’s case, after the horse has died.APs have always been a very hot and very saleable commodity since the mid-1970s. Even back in the early 1980s, that is 26 or so years ago, I had to pay RM20,000 for an AP from Pantai Motors, one of the AP holders cum car importers. I had imported a Mercedes Benz 190E for my wife but did not have an AP so I approached Pantai Motors and they offered to sell me an AP for RM40,000. After some heavy negotiations, and considering we are ‘friends’, they agreed to sell the AP to me for half price, RM20,000.Today, the APs can still fetch a price of RM50,000. And rest assured that the cost of this AP is added to the price of the car even if you buy the car from the AP holder. With the tax ‘savings’ included, a RM250,000 imported car can easily give the AP holder cum car importer a RM150,000 profit. RM150,000 profit is no small matter when you can sell tens of thousands of cars a month. So we are talking about billions in profit every year.As I said, the real import and profit figures are unknown. We have the new cars imported as second-hand cars — so they pay a very low import duty — while the cars are sold as new with the real (what should be paid but is not paid) import duty added to the price. Then we have the forged or cloned APs where the same AP is recycled and used over and over again. When we say they are printing money this is no longer metaphorically speaking. APs translate to money and they have been printing APs like there is no tomorrow.Yes, we should be proud of these Towering Malays. From humble beginnings they are now able to fly from their homes to their offices in helicopters. The rest of us have to get caught in the traffic jams and arrive late for our appointments. Even Chinese businessmen can’t afford to fly around Kuala Lumpur in their private helicopters.This, of course, can’t be possible unless the Trade Ministry (the Trade Minister included), the Customs Department (close one eye to the shady documents) and the Road Transport Department (close both eyes to the fact that the documents say ‘used’ but the cars scream ‘new’), etc., are part of the syndicate. No wonder Rafidah Aziz is a fat woman these days.Note: RPK was recently detained for sedition investigations because of his article on Najib Razak’s alleged involvement with Altantuuya’s murder.

    Reply

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