Leaked emails: Daim’s global banking empire

THE THIRD FORCE

Following are email communications leaked by the Global Intelligence Team (GIT) that concern Daim Zainuddin’s global banking network:

From: [email protected]

To: [email protected]

Subject: DAIM BANK

This is what I’ve got so far. Tell me if the numbers at the bottom sound reasonable (2010 assets $51,191,000, 2009 assets $46,373,000 ). They strike me as low, but I know very little about this bank. Also, only found branches in Albania, not in Kosovo. Do you know differently?

Name of bank: DAIM Limited/ International Commercial Bank (ICB) Financial Holdings Group.

As best I can tell DAIM Limited is a vehicle for the personal wealth of Tun Daim bin Zainuddin, finance minister of Maylasia from 1984-1991. DAIM owns 61.3% of ICB.

Subsidiaries in ALBANIA, BANGLADESH, DJIBOUTI, GAMBIA, GHANA, GUINEA, INDONESIA, LAO PDR, MALAWI, MOZAMBIQUE, SENEGAL, SIERRA LEONE, TANZANIA, ZAMBIA.

Operates as International Commercial Bank, Albania. 100% owned by ICB Holdings, and therefore 61.3% by DAIM. I don’t think DAIM operates any banks under its own name.

Locations (only Albania; none in Kosovo) as of Tuesday, August 30 2011 (16:02):

Toptani Branch and Head Office Kombinat Branch
Rruga “Murat Toptani” Rr.’Fabrika e Qelqit’, Pallati 56
(Eurocol Center) Shk.3, Ap.17,
Tirane Albania Tirane Albania
Tel: 4 2256 254 / 2254 372 / 2235 406 Tel: 4 2351 903
Fax: 4 2235 409 / 2254 368 Fax: 4 2352 236
Email: [email protected] Email:
[email protected]

New Tirana Branch
Rr.’Komuna e Parisit’Kati perdhes ne Porcelan Branch
pallatin Rr.’Qemal Stafa’
E kompleksit KIKA (Near New York Pallati 543/1,
University) Tirane Albania
Tirane Albania Tel: 4 2347 144
Tel: 4 2320 972 Fax: 4 2346 619
Fax: 4 2320 970 Email: [email protected]
Email: [email protected]

Ded Gjo Luli Branch Fier Branch
Rr.”Ded Gjo Luli”, Nr.3, Lagjia “Kongresi i Permetit”,
Tirane Albania Rr. Jakov Xoxa, Nr.11,
Tel: 4 2237 568 / 569 Fier Albania
Fax: 4 2237 570 Tel: 34 231809
Email: [email protected] Fax: 34 231808
Email: [email protected]

Lushnje Branch Durres Branch
Shetitorja kryesore prane Muzeut, L.9, Rruga “A.Goga”,
Lagja”Kongresi i Lushnjes” P.71/1, prane Gjykates
Lushnje Albania Durres Albania
Email: [email protected] Email: [email protected]

The Group’s presence in Eastern Europe (Albania), saw profits fall to USD 0.085 million, down from USD 1.071 million for the half year to June 2010, this reduction reflecting a translation loss on USD capital funds arising from a weakening of the Lek against the US$.

Loans and Advances to Customers:

2010 – $20,625,000 2009 $22,836,000

Financial Investments:

2010 – $30,566,000 2009 $23, 537,000

Total Assets:

2010 – $51,191,000, 2009 – $46,373,000

Regards,

Matt Mawhinney


From: [email protected]

To: [email protected]

No just wanted to see if they had in Kosovo. Very nice work.

Who is is the owner of the rest of the 48.7%?

Any way to see what country they are doing business with most?

Sincerely,

Marko Primorac
Tactical Analyst


From: [email protected]

To: [email protected]

I have to dig deeper on seeing who they are doing business with. This is the breakdown of the shareholders from the website: http://www.icbankingroup.com/investorrelations.php

Shareholder: Josephine Sivaretnam (through holding in Panhelligan Investments Limited)
No of Shares: 23,500,000 (indirect)
Interest: 13.1% (indirect)

Shareholder: Daim Limited
No of Shares: 110,310,000
Interest: 61.3%

Shareholder: Oberlae Limited
No of Shares: 17,999,999
Interest: 9.9%

Shareholder: Raikleigh Capital Advisors Limited
No of Shares: 17,999,000
Interest: 9.9%

Regards,

Matt Mawhinney


From: [email protected]

To: [email protected]

Nice. Thanks.

Keep digging good work.

Sincerely,

Marko Primorac
Tactical Analyst

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