Mahathir’s RM160 billion banking empire

By MT Webmaster Last updated Oct 20, 2017

That’s right. Mahathir’s and Daim’s combined-wealth of RM160 billion was used to acquire more than 50 banks all over the world and it has grown to RM200 billion. And what is even more interesting is Kit Siang knows about this, even though he says nothing — which is why Kit Siang knows he could demand RM1 billion from Mahathir and the old man would pay up to buy those four ‘favours’.

THE CORRIDORS OF POWER

Raja Petra Kamarudin

On claims by Raja Petra Kamarudin (RPK) that Dr Mahathir had used RM1 billion to buy Lim (Kit Siang) over, the former prime minister shot back by saying RPK should come clean and explain how he (Mahathir) had gotten the money. “If he (RPK) ‘saw’ that I have RM1 billion, then he can also see through a 10-foot thick wall,” said Mahathir. (The Malaysian Insight)

That was what The Malaysian Insight reported today. Malaysiakini, in turn, reported the same thing in a bit more detail, which you can read below.

My response to Tun Dr Mahathir Mohamad is a quote from Euripides: “Those whom God wishes to destroy, he first makes mad.”

Those whom God wishes to destroy, he first makes mad

Nowadays Mahathir talks like a small child. There is no logic or rationality in what he says and how he says it. He thinks he is being sarcastic but in reality he is being downright silly. But then this is vintage Mahathir even back in the days when he was Prime Minister. Ask him a question he cannot reply and he will cakap mengarut (talk nonsense).

Mahathir may be a medical doctor but he is definitely no scholar. If this were a debate even a wet-behind-the-ears punk like Syed Saddiq Abdul Rahman will be able to beat Mahathir flat. Mahathir should stop answering questions by answering the question with a question. Just answer ‘yes’ or ‘no’. Why pusing here pusing there without answering the question?

RPK should come clean and explain how I had gotten the money. If RPK ‘saw’ that I have RM1 billion, then he can also see through a 10-foot thick wall. If I have RM1 billion, I would build a mansion and not live in an ordinary house. Don’t ask me where I got the RM1 billion from, ask Raja Petra. Perhaps the answer is an Arab donor. If Raja Petra knows that I gave Kit Siang RM1 billion, surely he knows where I got the money from. What is common knowledge is where Raja Petra gets his money from.

Exactly 100 words from Mahathir’s mouth. But did he utter the most important words of all:

“I categorically deny Lim Kit Siang demanded I pay him RM1 billion and I agreed to pay for him RM1 billion so that:

1. He will agree to PPBM joining Pakatan Harapan.

2. He will make me Pakatan Harapan’s Chairman.

3. He will not reveal what he knows about Bank Negara’s RM31.5 billion losses suffered gambling on the forex market from 1988 to 1992 when he testifies at the RCI.

4. Mukhriz will be given a safe seat to contest the next general election, a seat which DAP can tell the voters who to vote for.”

“Ask Raja Petra,” said Dr Mahathir

All Mahathir said was he does not have RM1 billion and that his salary over 22 years does not come to RM1 billion. Did we say he paid Kit Siang RM1 billion from his salary? Did we say he personally signed a cheque for RM1 billion? Did we say he carried RM1 billion in cash in hundreds of suitcases to hand it to Kit Siang? Did we say his proxies, nominees and cronies who are holding his billions for him did not pay Kit Siang the RM1 billion on his behalf and on his instructions?

Go ask Ibrahim Ali of Perkasa. Mahathir also pays him a lot of money. But Mahathir never personally hands over the money. He gets a Chinese towkay to pay Ibrahim Ali. The same with Husam Musa. Mahathir also pays him a lot of money. But it is a Chinese towkay who pays Husam on Mahathir’s behalf. That is the way Mahathir does things. His hands will always be clean. He never gets his hands dirty but uses proxies, nominees and cronies to do his dirty work.

Mahathir’s first line of defence is his salary does not come to RM1 billion. His second line of defence is he lives in an ‘ordinary’ house (in Mines) and if he had RM1 billion he would live in a mansion.

We did not say Mahathir has RM1 billion. We said he paid Kit Siang RM1 billion. Mahathir has RM100 billion, not merely RM1 billion. So why does Mahathir keep saying he does not have RM1 billion?

This is no ‘ordinary’ house

Secondly, Mahathir says he lives in an ordinary house. But then that is his official residence. He is talking about just that one house. Mahathir has more than one house all over the world. His homes in London alone are worth hundreds of millions. So why keep talking about ‘an ordinary house’? The many other houses are not ordinary either in size or price. And what about his huge ranch in Argentina. Is that ‘ordinary’ as well? It is probably the size of the whole state of Perlis.

Mahathir is pretending to be poor. How then did all his children acquire their wealth in just a decade? Chinese take two or three generations to do it. Soon Seng started before WWII. Low Yat started before Merdeka. Goh Tong started just after Merdeka. Many Chinese tycoons are second or third generation money. How did Mahathir’s children become as rich as those Chinese in just one decade? Was it through dedication or daddy-kasi?

READ ALSO: How Mahathir Moves His Billions

One thing we can say is Mahathir is not as stupid as Prime Minister Najib Tun Razak to put the money into his personal bank account. Najib was trying to be too honest and too transparent by discussing it first with Bank Negara before accepting the Arab donation. And when Bank Negara advised him to put it into his personal bank account he followed that advise. Little did Najib realise those Bank Negara people were on Mahathir’s payroll.

Mahathir always uses proxies, nominees and cronies — not only to hide his wealth but when he needs to bribe people as well. You would not find a single Ringgit with Mahathir’s fingerprints on it. He not only uses his own children to hide his wealth, he even uses them to ‘make payments’ as well. This would be in cases where it needs to be highly confidential and he does not even want his proxies, nominees and cronies to know about it.

Where Mahathir’s money came from has already been revealed — let us now show you where he keeps it

Mahathir said I should come clean and show how he got his money. We do not need to do that. Barry Wain, Jomo Kwame Sundaram and Edmund Terence Gomez have already written so many books dealing with Mahathir’s wealth. Instead, we are going to show where Mahathir’s wealth is hidden: in 50 or so banks all over the world. And Mahathir’s and Tun Daim Zainuddin’s combined RM160 billion is not just parked in those banks. It is parked in equity in those banks. And that RM160 billion is now worth RM200 billion according to what is being reported.

That’s right. Mahathir’s and Daim’s combined-wealth of RM160 billion was used to acquire more than 50 banks all over the world and it has grown to RM200 billion. And what is even more interesting is Kit Siang knows about this, even though he says nothing — which is why Kit Siang knows he could demand RM1 billion from Mahathir and the old man would pay up to buy those four ‘favours’.

Mahathir wants proof so we will give him proof. In the next episode we are going to show you the details of some of those banks. So stay tuned for more.

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“Ask Raja Petra,” said Dr Mahathir

(Malaysiakini) – Meanwhile, Mahathir also commented on blogger Raja Petra Kamarudin’s allegation that the former premier paid RM1 billion to Lim.

“Wah! I am so rich. But I am not as gila (mad) as Raja Petra. If I have RM1 billion, I would build a mansion and not live in an ordinary house. Don’t ask me where I got the RM1 billion from. Ask Raja Petra.”

“Perhaps the answer is an Arab (donor). If he (Raja Petra) knows that I gave Kit Siang RM1 billion, surely he knows where I got the money from. What is common knowledge is where Raja Petra gets his money from,” he said.

Mahathir also said there is no reason to fear him. “I am 92. I have no money let alone being able to bribe Kit Siang with RM1 billion. I am not treated like Najib was by the US president…The president of the biggest superpower did not hug me for saving the US economy.”

“However, I am proud. There has never been a Malaysian prime minister capable of saving a world power, now there is…Congratulations to the government, Najib and BN ministers. You have put Malaysia on the world map.”

“Continue with the confusion. Form another 1MDB. Have billions in debts again. Believe me, you will be supported by your minions forever. Congrats Najib. We are so proud of you,” he added.