Rubber glove tycoon Stanley Thai, the managing director of Supermax Corp Bhd Group, has issued a public apology to caretaker prime minister Najib Abdul Razak for supporting the opposition in the 13th general election.

“I am hereby calling this press conference to make a formal apology to our prime minsiter Najib. Again the main purpose of this press conference is to apologise to Najib and BN for what I had done in the 13th general election.

“I regret that in GE13, I believe I was influenced by the opposition. Being a businessperson, I should not be involved in politics under any circumstances, and I regret it,” he said at a press conference in Kuala Lumpur today…

Following the results of GE13, the Employee’s Provident Fund sold off its shares in Supermax, with share prices taking a hit.

Later in 2014, Thai was charged for insider trading. He was sentenced to five years imprisonment last November. He is currently appealing his conviction.