In pursuit of Daim Zainuddin and Mokzhani Mahathir, how will Prime Minister and Finance Minister Anwar Ibrahim avoid investigating UOB-Kay Hian and its parent company , Singapore's UOB Banking Group

 by Ganesh Sahathevan 

Malaysia’s anti-graft probe against Daim expands to Singapore’s defunct Malaysian stock-trading platform CLOBchannelnewsasia.com 

In his pursuit of Daim Zainuddin , Prime Minister and Finance Minister Anwar Ibrahim is reported to have decided to pursue Daim's CLOB transactions. 

CLOB trading included some of the biggest names in Singapore and the former Singapore King Of The Remisiers, the billionaire Peter Lim's Ketrel Capital group of companies might be a good place to start. The Ketrel Group involves Mokzhani Mahathir, who is also in Anwar's cross-hairs, and other big names  including Wee Ee Chao and his UOB-Kay Hian stockbroking group, which is ultimately owned by his family's UOB Banking Group.

According to a company search   extracted  on 11 March 1999 at the Registrar of Companies, Hong Kong, the Annual Return of Kestrel Capital (HK) Pte Ltd ("Kestrel") made up to 12 January 1995, showed the issued share capital to be 30,000,000 ordinary shares of HK$1.00 each.  Among its prominent  shareholders were the following:
Kestrel Capital Investments Ltd (British Vigin Islands)    9,000,000 
Kestrel Capital Partners (M) Sdn Bhd (Klang)               1,500,000
Berjaya Group (Cayman) Ltd (British West Indies)           1,500,000 
K.I.P. Inc (Republic of Liberia)                           6,000,000  Lim Cheok Peng (Malaysian)                                            Tony Tan Chong Keat (Singaporean)                          1,500,000

In its lineup of Directors were the following high profile
well-connected individuals: 

Mokhzani Mahathir -- also Director/Shareholder of Kestrel Capital
Partners (M) Sdn Bhd;

(Peter) Lim Eng Hock -- also Director/Shareholder of Kestrel Capital Partners (M) Sdn Bhd;

Lim Cheok Peng -- also Managing Director of Parkway Healthcare Ltd;;

Wee Ee Chao -- also Director/Major shareholder of K.I.P. Inc and Kay
    Hian Holdings Ltd

Kay Hian Holdings merged with UOB Securiites in October 2000.. Wee Ee Chao is  son of Wee Cho Yaw who passed away recently and whose family controls UOB Banking Group.

In light of the above it is difficult to see how the Prime Minister and Finance Minister Anwar Ibrahim is going to avoid investigating UOB-Kay Hian and Sinagpore's UOB Group while investigating Daim.

UOB-Kay Hian has a presentence in Malaysia.  UOB-Kay Hian is backed by Singapore's UOB Group.

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