Probe Najib's son for shares manipulation:Did Nazifuddin use family name to make a fortune?

DAP MP for Petaling Jaya Utara Tony Pua has urged a Securities Commission to examine Nazifuddin Najib, a second son of a Malaysian budding minister, for share manipulation.

The 28-year-old Nazifuddin had lifted eyebrows when he voiced late final year an aggressive entry in to a house of ailing timber firm Harvest Court Industries, triggering a sky-high jump in a share price.

Weeks later, among complaints as well as calls from marketplace professionals for stricter governance as well as monitoring, Naziffuddin quiescent from a Harvest house though vowed to keep his stake. Even so, Harvest shares that had shot up 2,575 per cent upon news of his entry crashed upon learning he had quit.

Supercomnet

A second similar incident involving Supercomnet Technologies Bhd sparked guess that Nazifuddin was out to make use of his family name to make income at a responsibility of little retailers as well as punters.

News was leaked that Najib's son had been given an choice to acquire 18.66 percent of Supercomnet. Two days later, Nazifuddin deserted a suggest as well as Supercomnet's share prices afterwards nosedived.

"It is undisguised negligence upon a part of both a existing shareholders as well as Nazifuddin in ensuring material information is done available to investors upon a timely basis. Nazifuddin's officious weird U-turn upon a acceptance of a 'option to purchase' 18.66 per! cent of a company, only to reject it inside of 48 hours is clearly questionable as well as must be rught away investigated," Tony said in a statement.

"The question must be asked as to who done tonnes of income from a entire exercise - by buying up a shares prior to a choice agreement was voiced upon Monday dusk as well as subsequently selling a shares prior to a rejecting of a suggest was voiced upon Tuesday morning."

Deepak too: Simply outrageous

Apart from Nazifuddin, an additional personality - a decorated Deepak Jaikishan - too has been benefiting from his connections to a Najibs. Known as a "Toy Boy" because of his rapport with Najib's mother Rosmah Mansor,

Deepak's on-off mega oil-and-gas deal involving little H2O filter-maker Envair has stirred laughter as well as speculative seductiveness in Malaysia's little shares market.

However, attention professionals are not amused, accusing a Najibs of bringing disrepute in to Malaysia's already beleaguered share market, that is lagging distant behind closest neighbor, a Singapore bourse that has managed to constraint a large number or regional listings.

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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz