KUALA LUMPUR (July 22): Former president/group managing director of Bank Pembangunan Malaysia Bhd (BPMB) Datuk Mohd Zafer Mohd Hashim has passed away in London.
Mohd Zafer was most recently in the news as one of the defendants in a legal action initiated by BPMB, over a RM400 million loan granted to Aries Telecoms (M) Bhd.
The RM400 million loan, which was approved in May 2012, was to partly finance a RM1.3 billion project undertaken by Aries to instal a fibre optic network around Peninsular Malaysia.
One of the lawyers close to the case informed The Edge that Mohd Zafer had passed away.
The lawyer confirmed that the court was told of Mohd Zafer's passing on Friday morning at a case management in the BPMB case.
The late Mohd Zafer began his career with Price Waterhouse in London.
He was previously chief financial officer of Maybank Investment Bank Bhd and Bank Muamalat Malaysia Bhd. Prior to his stint at Bank Muamalat Malaysia, he was attached to MMC Corporation Bhd as a general manager.
His directorship in companies within the Bank Pembangunan group included being a director of Global Maritime Ventures Bhd.
He also sat on the board of Malaysian Bulk Carriers Bhd and Malaysia Industry-Government Group for High Technology (MIGHT).