samesame
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The Malay businessmen involved in the automotive industry then set up an association known as PEKEMA. Notable companies under this association include NAZA, Weststar, MOFAZ, Pantai Bharu Holdings, Mutiara Motor and Kumpulan Niaga Mahmud Taib (son of the Chief Minister of Sarawak). The most infamous company is NAZA Group which was founded by the late Tan Sri Nasimuddin.
When the list of AP receivers was released in 2005, four people were then dubbed as AP Kings. They are Nasimuddin, Syed Azman, Hanif Aziz (former officer of MITI, also first cousin to Khairy Jamaluddin) and Azzuddin Ahmad (secretary of FAM and father in law to Singer Deja Moss). It was reported that Azzuddin has since left Weststar.
The list also includes the niece of Rafidah Aziz (former Minister of MITI) and Mokhzani (son of Tun Mahathir). Another beneficiary is Fadhil Ahmad, Managing Director of Competitive Supreme Sdn Bhd which is the sole importer for Ssang Yong (popular product is Rexton). Fadhil also wears another hat as CEO of Brooklands Motor, importer of Citroen cars. Another colourful AP beneficiary is Ilyas Mohamed, CEO of Cartrade, importer of Audi and Volkswagen. His son, Fahmi Ilyas is a racer who needless to say, relies on Ilyas to pump in the cash. Another daddy to a racer, Fauzy Hamid is the boss of MOFAZ, another giant in the automotive industry. His son is none other than Fairuz Fauzy, the new darling of Malaysian racer after Alex Yoong. Wang Selamat Sdn Bhd (money secured in their hands, LOL) is the most famous company under MOFAZ. The imported cars in its stable include Toyota, Lexus, Honda and Nissan. Not to be left out, a royal member of Kedah was also in the list of AP beneficiary. Tunku Zainol Tengku Izham of TAHB Auto is the importer of Chevrolet.
Tun Mahathir’s son, Mokhzani who has the sole right to import Porsche.
Ahmad Kemin is AJK for UMNO JB and he is the founder of Mutiara Motors, giant car dealer in Johor. Their stable of cars includes Ferrari and Lamborghini. In a local daily report early this year, Mokhtar (the son) admitted to having twelve marquees which he shares with Ahmad. Another young guy is Shahrin Zahari (former husband of Natasha Hudson). His business partner is Malaysian Car Racer, Nik Iruwan Nik Izani who aspires to be an F1 driver.
Point aku pasal AP ni nak cerita ttg betapa kita kena tanggong hutang kerana AP. Masa cuti ari tu, aku sembang-sembang dgn sepupu aku yang dapat 250 AP dari seorang YB. Dia cerita cikit la pasal AP dan mcm mana dia boleh jd jutawan dgn cepat. Setiap AP dia kata boleh dapat dlm RM10K ke RM 20K. Jd cuba bayangkan bagaimana mereka2 diatas tu kaya raya.
Aku bg contoh mudah apa yg aku paham:
Harga kereta dari kilang katakan RM40,000
AP (katakan RM10K) RM10,000
Duty excise (75% drRM40K) RM30,000
Sale tax (10%) RM 4,000
Total RM84,000
Katakan ko buat loan dgn Bank dgn interest 4% dan ikat 7 tahun
Jadi: AP RM10,000 dgn 4% selama 7 tahun = RM2800.
Duty excise dgn 4% selama 7 tahun = RM8400.
Sale tax dgn 4% selama 7 tahun = RM1120.
Total = RM12320
Jadi kita kena bayar kepada:
Pemegang AP = RM10K
Duty excise = RM30K
Sale tax = RM4K
Total = RM44
Jadi total kena bayar RM12320 + RM44K = RM56,320
When the list of AP receivers was released in 2005, four people were then dubbed as AP Kings. They are Nasimuddin, Syed Azman, Hanif Aziz (former officer of MITI, also first cousin to Khairy Jamaluddin) and Azzuddin Ahmad (secretary of FAM and father in law to Singer Deja Moss). It was reported that Azzuddin has since left Weststar.
The list also includes the niece of Rafidah Aziz (former Minister of MITI) and Mokhzani (son of Tun Mahathir). Another beneficiary is Fadhil Ahmad, Managing Director of Competitive Supreme Sdn Bhd which is the sole importer for Ssang Yong (popular product is Rexton). Fadhil also wears another hat as CEO of Brooklands Motor, importer of Citroen cars. Another colourful AP beneficiary is Ilyas Mohamed, CEO of Cartrade, importer of Audi and Volkswagen. His son, Fahmi Ilyas is a racer who needless to say, relies on Ilyas to pump in the cash. Another daddy to a racer, Fauzy Hamid is the boss of MOFAZ, another giant in the automotive industry. His son is none other than Fairuz Fauzy, the new darling of Malaysian racer after Alex Yoong. Wang Selamat Sdn Bhd (money secured in their hands, LOL) is the most famous company under MOFAZ. The imported cars in its stable include Toyota, Lexus, Honda and Nissan. Not to be left out, a royal member of Kedah was also in the list of AP beneficiary. Tunku Zainol Tengku Izham of TAHB Auto is the importer of Chevrolet.
Tun Mahathir’s son, Mokhzani who has the sole right to import Porsche.
Ahmad Kemin is AJK for UMNO JB and he is the founder of Mutiara Motors, giant car dealer in Johor. Their stable of cars includes Ferrari and Lamborghini. In a local daily report early this year, Mokhtar (the son) admitted to having twelve marquees which he shares with Ahmad. Another young guy is Shahrin Zahari (former husband of Natasha Hudson). His business partner is Malaysian Car Racer, Nik Iruwan Nik Izani who aspires to be an F1 driver.
Point aku pasal AP ni nak cerita ttg betapa kita kena tanggong hutang kerana AP. Masa cuti ari tu, aku sembang-sembang dgn sepupu aku yang dapat 250 AP dari seorang YB. Dia cerita cikit la pasal AP dan mcm mana dia boleh jd jutawan dgn cepat. Setiap AP dia kata boleh dapat dlm RM10K ke RM 20K. Jd cuba bayangkan bagaimana mereka2 diatas tu kaya raya.
Aku bg contoh mudah apa yg aku paham:
Harga kereta dari kilang katakan RM40,000
AP (katakan RM10K) RM10,000
Duty excise (75% drRM40K) RM30,000
Sale tax (10%) RM 4,000
Total RM84,000
Katakan ko buat loan dgn Bank dgn interest 4% dan ikat 7 tahun
Jadi: AP RM10,000 dgn 4% selama 7 tahun = RM2800.
Duty excise dgn 4% selama 7 tahun = RM8400.
Sale tax dgn 4% selama 7 tahun = RM1120.
Total = RM12320
Jadi kita kena bayar kepada:
Pemegang AP = RM10K
Duty excise = RM30K
Sale tax = RM4K
Total = RM44
Jadi total kena bayar RM12320 + RM44K = RM56,320
