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Unit trust money not used to pay for PNB plate numbers

Datuk Seri Abdul Wahid Omar

Zaidi Azmi
Written by Zaidi Azmi

KUALA LUMPUR – July 10, 2017: Permodalan Nasional Berhad (PNB) is not using money from investor to pay for the purchase of several vehicle registration numbers as alleged by some.

This is the assurance of PNB chairman Tan Sri Abdul Wahid Omar after Pribumi Bersatu supreme council member Datuk Abdul Kadir Jasin questioned the rationale of the purchase through his blog two days ago.

Wahid explained that the RM419,006 cost for the registration numbers will be borne by the company’s very own RM40 billion fund and not from its subsidiary’s RM226 billion of investors’ money.

PNB’s unit trust business is under Amanah Saham Nasional Berhad which has 13 million investors.

Wahid, a former federal minister, in his reply said the purchase was part of PNB’s long-term branding strategies.

“These plate numbers will be an asset to PNB and payment will be made directly to the JPJ,” said Wahid.

The booked plate numbers are PNB 1, 2, 3, 8, 10, 11, 18, 20, 30, 50, 60, 70, 80, 90, 100, 111, 118, 200, 300, 400, 500, 600, 700, 800 and 900.

“The bidding price was increased from RM336,059 to RM419,006 so as to ensure that PNB will be able to acquire the numbers,” Wahid wrote in the statement which went viral in social media.

He assured Kadir and other critics that the registration numbers will only be installed on PNB’s official vehicles.

Wahid also pointed out that he has no intention of using any of the PNB’s yet-to-be acquired registration numbers on his personal vehicle.

“For your information, Alhamdulillah (thank God), I am comfortable with using my Proton Perdana, with the W8D plate number, that I was given when I was a minister in the PM’s department,” wrote Wahid.

In his blog, Kadir told Wahid through WhatsApp that he was worried about PNB’s decision to buy the numbers.

Kadir had also made known that Wahid had, before issuing the statement, personally explained the matter to him which he had reservations on due to Wahid’s previous stint in the government.

“Your reputation has been tainted by your membership in the Cabinet. So it’s hard for me to accept at face value that you’ll go back to become a fine manager that you once were,” insinuated Kadir.

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About the author

Zaidi Azmi

Zaidi Azmi

Despite becoming The MOLE's journalist in 2014, he still has a hard time traversing the city. If he is not lost, this northern kampung boy can be found struggling to make some sense out of the Malaysian political sphere.