Arab-Malaysian Bank founder Hussain Ahmad Najadi (pic) was shot dead in a car park at Lorong Ceylon in Kuala Lumpur today, several hundred metres away from the bank headquarters.
The 75-year-old was walking towards his vehicle with his wife when a gunman approached him and fired several shots at his back, killing him on the spot in the 1.30pm incident.
Where the shooting took place this afternoon. - The Malaysian Insider pic by Muzliza Mustafa, July 29, 2013.Hussain was shot in the chest and ribs while his wife Cheong Mei Kuen, 49, was injured after being hit on the hand, police said.
Closed-circuit television cameras showed the assailant was a man wearing a long sleeve checked shirt and khaki pants.
Dang Wangi police chief Assistant Commissioner Zainuddin Ahmad confirmed the incident saying it has been classified as murder.
It is believed that three suspects were involved in the incident, using a Proton Waja taxi.
An eyewitness, who declined to reveal his name, said he was at his food stall when he saw a man walking towards the couple.
"Then I heard gunshots and saw the couple crumple. I ran to safety when I saw the gunman running towards me," he said.
The shooting comes just days after crime watchdog activist R. Sri Sanjeevan was shot in the ribs in his hometown Bahau. There has also been a spate of shootings over the past month.
AmBank Group was founded in 1975 as Arab-Malaysian Development Bank, by Hussain via his Holding company AIAK (Arab Investments for Asia Kuwait). He brought the bank public via the Kuala Lumpur Stock Exchange (KLSE) in 1981.