UN prob­ing Malaysian firm with links to North Korea

The Star Malaysia - - Nation - By FARIK ZOLKEPLI and NURBAITI HAM­DAN news­desk@thes­tar.com.my

KUALA LUMPUR: A Malaysian com­pany in­volved with North Korean-linked projects is be­ing in­ves­ti­gated by the United Na­tions Se­cu­rity Coun­cil (UNSC) for hav­ing in­ter­est in the her­mit na­tion’s banks.

In a UNSC re­port, Malaysia Korea Part­ners Hold­ings (MKP) was be­ing probed for es­tab­lish­ing the In­ter­na­tional Con­sor­tium Bank (ICB) in Py­ongyang, via a joint ven­ture.

Un­der UN sanc­tions, in­sti­tu­tions were barred from es­tab­lish­ing joint ven­tures and from tak­ing own­er­ship in­ter­est in North Korean banks.

MKP’s web­site stated that the com­pany was in­volved in con­struc­tion, ship­build­ing, med­i­cal cen­tres and trad­ing and that the com­pany was founded in 1964.

MKP Group of Com­pa­nies was listed as an in­ter­na­tional well-di- ver­si­fied group in­volved in con­struc­tion, ship­build­ing, tech­nol­ogy, trad­ing, man­u­fac­tur­ing, bank­ing, med­i­cal tech­nol­ogy, eco-tourism and agri­cul­ture.

When con­tacted, a com­pany of­fi­cial de­clined to com­ment on UNSC’s al­le­ga­tion.

A check by The Star at the com­pany’s head­quar­ters in Balakong showed that it was op­er­at­ing as usual. A sig­nage out­side the three-storey cor­ner lot build­ing wall dis­played the words “Pe­ja­bat Uru­san MKP Cap­i­tal LLC Ber­had”.

A black SUV, a black MPV and a sil­ver sedan were parked out­side and an­other black SUV was parked in­side the com­pound.

At around 4.10pm yes­ter­day, a group of vis­i­tors were al­lowed into the build­ing.

In Kulai, YEE XIANG YUN re­ported In­spec­tor-Gen­eral of Po­lice Tan Sri Khalid Abu Bakar as say­ing that the North Korean com­pany that de­vel­oped Glo­com, a mil­i­tary com­mu­ni­ca­tions sys­tem, never had busi­ness deal­ings in Malaysia.

Glo­com, he said, was not a com­pany but the name of the prod­uct de­vel­oped by North Korea and mar­keted by In­ter­na­tional Global Sys­tem Sdn Bhd.

He said the com­pany was set up by North Korean and Malaysian share­hold­ers in Kuala Lumpur in 2005. It was later changed to In­ter­na­tional Golden Ser­vices Sdn Bhd in mid-2012 with a branch in Singapore.

He said the com­pany par­tic­i­pated in the bi­en­nial De­fence Ser­vices Asia ex­hi­bi­tion and con­fer­ence in Kuala Lumpur in 2012, 2014 and 2016, but there were no tak­ers.

“De­spite set­ting up since 2005 and ap­proach­ing the po­lice, army and such with their prod­ucts, they have been un­suc­cess­ful,” Khalid said.

“They have never made any busi­ness deal­ing of firearms or mil­i­tary com­mu­ni­ca­tions sys­tems in Malaysia,” he said af­ter a meet­ing.

Khalid said in 2011, the com­pany was caught try­ing to ship Glo­com prod­ucts weigh­ing 250kg from Py­ongyang to a Thai ad­dress but was stopped by po­lice in Port Klang.

Po­lice found out that the Thai ad­dress did not ex­ist and the cargo was or­dered to be shipped back to Py­ongyang.

Due to the com­pany’s un­suc­cess­ful stint, a Malaysian board mem­ber asked for the com­pany to be closed down but did not re­ceive back­ing from the North Korean board mem­bers, he said.

“It was af­ter the mur­der of Kim Jong-nam and the frenzy that fol­lowed that the Malaysian board mem­ber made a re­quest with the Do­mes­tic Trade, Co­op­er­a­tives and Con­sumerism Min­is­ter and got the ap­proval to wind up the com­pany on March 15.”

Busi­ness as usual: The MKP build­ing where the com­pany’s head­quar­ters is in Balakong.

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