Founder of AMMB Holdings murdered in Kuala Lumpur

He was shot twice in the chest.

Najadi was shot twice in the chest at point-blank range and died on the spot in a bald-faced daylight assassination in the Malaysian capital. The three gunmen also shot and seriously wounded his wife.

Razak pledged that police would clamp down on the brazen crime even as police hunted for the suspects, who they termed as “contract killers.”

Born in Bahrain, Najadi founded Arab Malaysian Banking Group in 1975. The group later changed its name to AMMB Holdings Berhad and is now Malaysia’s fifth-largest bank by market value.

Police said Najadi and his wife were walking to their car in a parking lot in Kuala Lumpur after an afternoon business meeting when they were attacked from behind.

They said Najadi, a permanent Malaysian resident, was shot twice in the chest and died on the spot, while his Malaysian wife suffered serious injuries.

Preliminary police investigation showed the gunman and two other accomplices fled in a taxi. Police believe the killing could be business-related.