Shahril being paid RM600k monthly, racking up RM1.5m private jet expenses monthly and diva-like expenses like imported water for his office. All this whilst the company recorded RM4bn loss!
PNB CEO had mentioned to staff about his concerns at Sapura. There were many examples of mismanagement, governance lapses, and plain fraud going on. PNB nominee directors were uncomfortable and refused to sign off on many things
PNB questioned a lot, especially Sapura’s chair. The ultimate Bumi businessman Shahril didn’t like and put in motion his plan to have Jalil removed because he was a pest
PNB had sent many letters expressing their concern with the company. Every time Shahril would reply (without Board’s consent) to PNB using his personal lawyer, Rosli Dahlan. The letters were harsh and rude, despite PNB injecting RM4bn to save his company.
Shahril lobbied to MoF to have Rosli appointed to PNB Board so he’ll have a spy to report back. Rosli is also PM’s personal lawyer.
PNB had wanted to convene EGM to have Shahril & independent directors removed. The process was in full swing and only days away from Jalil’s departure.
Jalil was advised on the consequences but was steadfast. He told staff what about unitholders, arent we supposed to act on their behalf? PNB was to have taken RM4bn impairment had nothing be done to Sapura.
In the meantime, Shahril wanted an additional RM2bn injection from PNB. Because he was running it to the ground. The banks which held RM10bn of debt refused to refinance unless PNB steps in as guarantor. Jalil refused, saying Shahril must go for that to happen.
PNB had a list of issues including Shahril being dishonest, mgmt hiding information, staff front running stocks, no risk management, huge losses, etc
Jalil had issues with Shahril being paid RM600k monthly, racking up RM1.5m private jet expenses monthly, and diva-like expenses like imported water for his office. All this whilst co recorded RM4bn loss!
Shahril & mgmt quickly announced they were taking a 50% pay cut. But an email to staff revealed that it was staggered and they only took 20% cuts whilst lower staff took more. All a lie to make himself look good in public
After all, lying is in his veins. He cheated his own father. So cheating rakyat of their ASB money should be easy. Yes ASB holds 40% of Sapura.
Lobbied Putrajaya, got made MIMOS chair. With the help of that lackey fool Zafrul. Then with the help of SC, they found ‘discrepancies’ to hound Jalil out.
The hacking of his Sapura email was targeted, and phishing email sent to selected PNB employees who were working in a tight group on Sapura issues
Shahril’s head of security, Hamdan was snooping around asking staff questions on Jalil. I believed they also were responsible for his LinkedIn account hacking & harassing calls.
So there you go, good, clean, honest professional doing right thing to clean up mess thrown out because an incompetent Bumi businessman got in bed with politicians to get rid of somebody
The ones paying the brunt will be ASB. If were you, take your money out. At the current rate and their impairments, they won’t be able to afford anything beyond 3 sen. What a shame because ASB was set up for poor people. But you have rich ones raping it
By the way, Zafrul, Rosli, Shahril, Syed Zaid all good buddies so they use each other efficiently for self-gain.