Ex-wife exaggerated my wealth, Mahmud says

Sarawak entrepreneur Mahmud Abu Bekir Taib today demolished suggestions made by his former wife that he is a multi-billionaire, telling a Shariah court here instead that 90 per cent of his stake in Cahya Mata Sarawak was pledged with banks as collateral for loans, while purported offshore bank accounts were false. “My personal liabilities in…