2 Anwar acolytes spar over government’s tech provider NexG; insiders warn of messy shareholder war

2 Anwar acolytes spar over government’s tech provider NexG; insiders warn of messy shareholder war

The two involved are Ishak Ismail, a veteran corporate figure and a long-time operative for Prime Minister Anwar Ibrahim; and Farhash Wafa Salvador, a former senior aide to Anwar who has positioned himself as one of corporate Malaysia’s fastest-rising players, say insiders. This audio is generated by an AI tool.

KUALA LUMPUR: NexG — the Malaysian government’s primary technology solutions provider — has quietly become the centre of a high-stakes corporate confrontation, one that now pits two close allies of Prime Minister Anwar Ibrahim against each other in a contest for control. What began as a quiet reshuffling of shareholdings has escalated into a power struggle with political, financial and regulatory implications. On one side is Ishak Ismail, a corporate veteran and long-time member of Anwar’s inner circle of advisors. A staunch political supporter of Anwar since the early 1980s, he recently acquired a strategic equity interest in NexG. Opposing him is Farhash Wafa Salvador Rizal Mubarak, a former senior Anwar aide who, in just three years, has positioned himself as one of corporate Malaysia’s fastest-rising players through a series of board appointments and strategic stakes in publicly listed companies. Shortly after Anwar was appointed as premier in 2022, Farhash left his position as political secretary to the then-opposition leader to pursue interests in the business world.

The confrontation unfolds amid disclosures of shareholder movements, strategic stakes, and governance considerations within NexG Berhad. Insiders warn that the dispute could attract regulatory scrutiny and influence future corporate governance dynamics within Malaysia’s tech sector.

“The two involved are Ishak Ismail, a veteran corporate figure and a long-time operative for Prime Minister Anwar Ibrahim; and Farhash Wafa Salvador Rizal Mubarak, a former senior Anwar aide who has positioned himself as one of corporate Malaysia’s fastest-rising players.”
“NexG — the government’s primary technology solutions provider — has quietly become the centre of a high-stakes corporate confrontation, one that now pits two close allies of Prime Minister Anwar Ibrahim against each other in a contest for control.”

The audio content is noted as AI-generated, and insiders describe a reshuffle that has evolved into a broader political, financial, and regulatory debate surrounding NexG’s strategic direction and ownership dynamics.

Politically sensitive moves regarding NexG’s ownership structure may have implications for governance and regulatory oversight, with potential reverberations across Malaysia’s corporate landscape.

Author’s summary: The NexG dispute marks a pivotal clash between two trusted insiders of Anwar Ibrahim, signaling potential shifts in governance, ownership, and political influence within Malaysia’s technology sector.

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CNA CNA — 2025-11-21

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