Latest news with #Mahadi
New Paper
18-05-2025
- Sport
- New Paper
Mahadi reaps instant reward
KUALA LUMPUR - Mahadi Taib might have waited for months for his work permit to come through in Malaysia, but the Singaporean trainer hit pay dirt when his first runner in Kuala Lumpur got on the scoresheet on May 17. Purchased for just A$2,000 (S$1,665) at the Inglis 2021 July (Late) online sale and ran unplaced in two runs for Mahadi in Singapore, Genrich came from just off the pace to score a 1¾-length victory at his fifth Malaysian start in the RM38,000 (S$11,500) Class 5A sprint (1,020m) at Sungai Besi. After the son of Your Song last ran ninth in a Restricted Maiden race (1,400m) at Kranji on July 30, 2023, he suffered from tendon issues and had to be backed off. After racing in Singapore came to a halt in October 2024, Genrich was one of the horses Mahadi brought over when he relocated to the capital of Malaysia. But, with the approval of his work permit being held up, Genrich had to come under Malaysian trainer Ooi Chin Chin's care for the time being. The four-year-old gelding raced four times and finished fourth twice under Ooi. After Mahadi had his work permit approved about two weeks ago, Genrich was transferred back to his yard and won a trial on April 29 before his race at Mahadi's first meeting in Malaysia on May 17. Though the former syce currently trains 15 horses, Genrich was his only runner at the meeting. Ridden by Lim Shung Uai, Genrich ($54) jumped from barrier 7 and settled in fourth with Banker'sseventytwo (Harmeet Singh Gill) setting a brisk pace from Give Me Five (Uzair Sharudin) and Sacred Order (Andre da Silva). Genrich moved up swiftly to second spot upon making the turn into the straight. The Fabulous Stable-owned gelding kept closing in behind the leader at the 300m before finally sprinting past Banker'sseventytwo at the 100m to win. Pacific Stout (Laercio de Souza) ran another 1¼ lengths away in third. The winning time was 59.04sec for the 1,020m on the turf. "I am happy to get my first win with my first runner," said Mahadi, who has worked with various trainers in Singapore before getting his trainer's licence in 2022. "I am especially happy because this horse (Genrich) had tendon issues after his last race in Singapore and could not race for some time. "This horse has settled down a lot since he wore blinkers-pacifiers, so I might step him up to 1,200m next, run him a bit quieter than before and see how he goes from there. "The work permit took quite some time and it was only approved about two weeks ago I think, but I would like to thank the Selangor Turf Club for helping me." Although Mahadi did not have a runner at the Kuala Lumpur meeting on May 18, things are still up and running with more of his horses to be fielded in the two-meeting weekend in Malaysia next week. "I will run Top Confidence in a 1,300m race in Ipoh next Saturday, and then Good Star and Leiniao over 1,200m in Kuala Lumpur on Sunday," he said. The Ipoh meeting would be held on May 24 while the Selangor meeting would take place on May 25. Lim, who was at his third ride on Genrich, said patience was the key to the horse's first career win in Malaysia. "Mahadi told me to ride patiently. I could see that the pace was very fast so I only made my move passing the 600m," said the Malaysian jockey. "I rode him in a trial recently. He won his trial so I was quite confident of a win today." French jockey Marc Lerner booted home his first winner atop the Simon Dunderdale-trained Thunderous in the RM45,000 Open Novice event (1,400m) on May 17 at his first long-term stint in Malaysia. After sitting on the girth of the leader Sakura (Mohd Zaki) for most parts of the way, Lerner made his move on the Written Tycoon four-year-old at the 400m. Night Warrior (de Souza) was gaining momentum with every stride on the outside, but Thunderous ($13) kept finding under Lerner's strong urgings and opened his account by 1¼ lengths. Lerner, former partner of Singapore champion galloper Lim's Kosciuszko - who ran a creditable third first-up in the Listed Straight Six (1,200m) at Flemington on May 17 - went on to score another win aboard the Joseph Leck-trained Wait U Know ($23) in the RM32,000 Class 5B event (1,300m) on May 18. After posting four wins at his three previous short-term visits to Malaysia, Lerner has decided to base himself in Selangor after his last stint in New Zealand. Another ex-Kranji jockey, Oscar Chavez, landed his first Malaysian winner in 2025 with the Jerome Tan-trained Ahone ($32) in the RM32,000 Class 5 contest (1,020m) at his second meeting on May 18, after coming close with two thirds from seven rides earlier. The Panamanian-born hoop, who picked up two placings from five rides at Sungai Besi on May 17, last rode in Abu Dhabi on Feb 28. SELANGOR TURF CLUB/TURFONLINE
New Straits Times
13-05-2025
- Business
- New Straits Times
Investors seek probe into firm linked to RM80 million in losses
KUALA LUMPUR: A total of 232 investors are calling for a thorough investigation into a firm that ran a purported Islamic investment scheme, which chalked up at least RM80 million in losses. Malaysian International Humanitarian Organisation secretary-general Datuk Hishamuddin Hashim said the company also used the name of a well-known Syariah-compliant investment figure. He said, at first glance, the investment appeared "clean", and the involvement of the figure further boosted the confidence of victims. "The company used marketing agents to promote and offer the IRPS (Islamic Redeemable Preference Shares) scheme, which they claimed was Shariah-compliant. "They had Shariah compliance certificates and also submitted a document known as the Information Memorandum (IM) to the Securities Commission (SC)," he told reporters outside the Securities Commission Headquarters today. He said the problem was that many investors thought that the investment had been approved by the SC. Also present was Datuk Seri Mahadi Badrul Zaman, a marketing agent for the investment scheme, who claimed he was also a victim of the scheme. Mahadi claimed he suffered over RM20.7 million in losses after investing in the two companies involved. Hishamuddin said the investment companies misled investors using the Information Memorandum. "The submission of an Information Memorandum is only allowed for sophisticated investors — those with a net asset value of at least RM3 million and a minimum investment of RM250,000. "However, many of the complainants were retail investors, investing between RM50,000 and RM100,000 each. "This shows that the scheme was offered to parties who were not legally eligible under the Capital Markets and Services Act 2007 (Act 671)," he added. He said the memorandum submitted to the SC included a request to investigate the involvement of the investment figure, who is also a registered Shariah adviser for the company. MHO is also calling for investigations into possible false representation and misleading advertising with the intent to defraud investors. "This is a major case involving public interest. Among the victims are individuals from the oil and gas sector as well as prominent corporate figures. "We urge the SC to open an investigation paper and submit it to the Attorney-General's Chambers for prosecution of those behind the scheme," he said. It was reported early last year that Mahadi, husband to actress Heliza Helmi, had been included in the Securities Commission's (SC) investor alert list . Checks on the SC's website showed that his name and that of his company, AUF MBZ Consortium Plt, had been added to the investor alert list. Under the remarks column, the site stated that Mahadi's name was listed for "Carrying on unlicensed capital market activities of dealing in securities about the marketing of Unlisted Public Company shares". Social media was abuzz previously when actress Fathia Latiff claimed that Heliza's husband, who is better known as Mahadi BZ, had "cheated her". She had alleged that Mahadi had failed to complete a house that she bought five years ago.
