Bank founder is shot dead

Kuala Lumpur: Arab-Malaysian Development Bank founder Hussain Ahmad Najadi was shot dead in a car park at Lorong Ceylon in Kuala Lumpur Monday, several hundred metres away from the bank headquarters.The 75-year-old was walking towards his vehicle with his wife when a gunman approached him and fired several shots at his back, killing him on the spot in the 1.30pm incident.

Hussain was shot in the chest and ribs while his wife Cheong Mei Kuen, 49, was injured after being hit on the left hand and right leg, police said.

Closed-circuit television cameras showed the assailant was a man wearing a long sleeve checked shirt and khaki pants.

Dang Wangi police chief Assistant Commissioner Zainuddin Ahmad confirmed the incident, saying it has been classified as murder.

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It is believed that three suspects were involved in the incident, using a Proton Waja taxi.

An eyewitness, who declined to reveal his name, said he was at his food stall when he saw a man walking towards the couple.

"Then I heard gunshots and saw the couple crumple. I ran to safety when I saw the gunman running towards me," he said.

The shooting comes just days after crime watchdog activist R. Sri Sanjeevan was shot in the ribs in his hometown Bahau. There has also been a spate of shootings over the past month.

AmBank Group was founded in 1975 as Arab-Malaysian Development Bank, by Hussain via his Holding company AIAK (Arab Investments for Asia Kuwait). He brought the bank public via the Kuala Lumpur Stock Exchange (KLSE) in 1981.

Ambank group chairman Tan Sri Azman Hashim expressed his condolences to Hussain's wife and said he was sad to hear about the incident.

Hussain and his wife had emerged from the Kuan Yin Temple in Lorong Ceylon when it happened.

It is believed that the gunman and three others had waited outside the temple for Hussain who was in a private discussion with a colleague involving a share transaction.

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Kuala Lumpur CID deputy chief ACP Khairi Ahrasa said, while the motive of the killing had yet to be estabilished, police believed it could be business-related.

A witness who wanted only to be known as Lim, said Hussain was approached by a man from behind as he was leaving the temple.

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