(Business Times) - Mirzan Mahathir, who is the second son of former prime minister Tun Dr Mahathir Mohamad, has reiterated that he does not own shares in Petron Malaysia.
"As one of the directors at San Miguel Corp, I admit that I have 1,000 shares in Petron Corp but only because I sit on the board. I have no interest in Petron Malaysia whatsoever," Mirzan told reporters here on Thursday on the sidelines of the Malaysia Strategic Outlook.
Mirzan was responding to allegations by opposition defacto leader Datuk Seri Anwar Ibrahim who said Mirzan holds substantial shares in San Miguel, formerly a brewery company which is linked to the late President Ferdinand Marcos.
Petron Malaysia is part of the Petron Corp which in turn is owned by Philippines-based San Miguel group, which bought a 65 per cent stake in Esso Malaysia from ExxonMobil International Holdings Inc for RM1.8 billion in 2011.
In a statement released in September last year, Mirzan said he sits in the San Miguel board to represent an investment group QTech Alliance Holdings Inc which has investments in San Miguel.