What is the status of the company linked to Deputy Finance Minister Yamani Hafez Musa in the Pandora Papers?

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The company linked to Deputy Finance Minister Yamani Hafez Musa is dormant and has seen no financial injections.

Deputy Finance Minister Yamani Hafez Musa has stated that the company associated with him in the Pandora Papers is inactive or dormant. He further clarified that there have been no funds injected into this entity and that any taxes pertaining to the British Virgin Islands company have been paid by him.
Directorship and Ownership History

Yamani Hafez Musa served as a director for Great Ocean Consultants, a company registered in the British Virgin Islands, between 2013 and 2015. Following this period, his father, former Sabah chief minister Tan Sri Musa Aman, assumed the role of the sole director in 2015. The company previously maintained a balance of US$310,000 (RM1.2 million) in a Deutsche Bank account.
Company's Financial Activity and Sale

Prior to its sale in the subsequent year, the company held assets amounting to US$310,000 in a Deutsche Bank account. The entity was eventually sold to Mau Kam Wai, who had previously held an executive director position at the investment holdings company Eastland Equity. This transaction also involved a Sabah businessman reportedly connected to Tan Sri Musa Aman, identified as Chu Jan Tow.
Tax Compliance and Knowledge of Authorities

Regarding financial obligations, Yamani Hafez Musa indicated that all relevant taxes associated with the British Virgin Islands company were settled by him. He also affirmed that these tax matters were known to the Inland Revenue Board.

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What is the status of the company linked to Deputy Finance Minister Yamani Hafez Musa in the Pandora Papers?

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