all this charges against LLS is just another wayang. they purposely charged LLS bcoz there was no (or lack of) evidence of wrong doing. LLS agreed to the whole arrangement bcoz there was no (or lack of) evidence of wrong doing. g'ment get to pay KDSB and LLS get acquitted. Cronies happy, LLS happy, BN happy. Rakyat continue to suffer. Yippee.

Just can't imagine, unthinkable really: there are issues that can overshadow the sinister cases of Altantuya, of lost jet engines, floating submarines, collapse hospitals..... I am sick!

Dear Wudang,
Companies like Special Port Vehicle (RM1.3bil), Transhipment Megahub (RM1.455bil), Valid Ventures Bhd (RM595mil) & Free Zone Capital Bhd (RM410mil) issued bonds (AAA rating, ha ha ha) totalling some RM3.77bil - and these bonds are not issued by MOF but guaranteed by gomen, meaning guaranteed by rakyat's monies?

Ha ha ha ha ha - thank you bn voters. I bet my sweet ass none of you know what the Fcuk is really going on.

Who is Jemaah Menteri of the MOF? He/It wrote to Sleeping Beauty asking for retrospective approval ... to the sum of RM4,632,732,000.00 which comprised the ballooned combined costs of RM1.7 bil land cost & RM2,6bil dvlpt cost. Maybe someone can translate the above letters in English?

is all this just a drama before they send anwar ibrahim to jail???? i wonder....??????

Kertas Rahsia Kerajaan or Government Secret Papers are in circulations!

That shows Umno/BN government is not safe. We have moles everywhere in the government machinery . God is great.

Dear Wudang, it's gonna take some time putting together the complete picture of what happened on PKFZ based on yr info so far. Start with the lands deals....

And clap3x to Casper for honorary MT Award - Trouble-shooting on Government/business mismangement,
a close second Wudang
as the honorary current MT award given out already for
Graphics to Mothercell
Witty funny lines comedian to Fart Fart Wah - 88me

All other nations are taken. We have our own Malaysia.
Voice for the rules that you want to live by.
Go the nearest ISA Candle Light Virgil tomorrow, or
if u can't make it, light candles on your lunch or dinner tables with friends or families, in house or at restaurants or in front of your house in the evening. Get your candles NOW. Tell all.
Show the EW unity with pride tomorrow

Pet,

Clap Clap Clap. Hat off to you.

The way you are going we might not need an election. Be-End is imploding as we speak

Better My - the evening was swell, thank you much. Motherchell - modest as ever but your wit and caricature tops us all and special mention to Wudang for all critical analysis, the compilation and the charge sheet dreamed up by AG and his team of twisted hare brain drop outs AND not forgetting that one particular 'tudung' clad nympho shagging S. Tonggeng (of all people).

I don't know how or where Raja Petra got the scoop on the sordid affair but that takes the cake, hands down. Regretfully, the two culprits shatter the illusion of an image mullah's would want us to see and believe - that co-relation between 'tudung' and chatisty - but I guess 'lust' has no boundaries.

As penalty, may I suggest the UMNO licensed Shariah clowns shave her bald to set an example as well as recompense the damage done on her sister's, many who remain faithful of their volition. As for S.Tonggeng, I sense his conduct and deceit might come back to haunt. He is poise to talk and will do an about turn if 'demands' aren't met - there is always the possibility of a sting in the tail.

If I may Wudang, the real culprits that AG Pigtail is trying to protect is none other than UMNO Treasurer and House Speaker respectively. Fishead is a false target that only serves as distraction.

Let me put to bed ANY lingering doubt but this SHITHEAD AG Pigtail is trying hard to shield one 5' 6" fat lump of lard AZIM ZABIDI and another equally fat swine from Sarawak, TIONG KING SING.

For emphasis - lu manyak SIAL AG Pigtail, main wayang sama kita, payung lanun curi DUIT RAKYAT.

Don't you realise, it is your act of deceit that cast a dark shadow on an entire nation. No surprise, FDI lari and heck, even Ananda Krishnan is taking his prize assets private and in one swoop, a total sum of RM $30 billion wiped off KLSE's market cap - bloody fool, to what end is your service to the DEVIL, pigshit ?

And soon, whatever liquid assets I have too will be heading south - terimakasih AG Patail - kasi bangkrupt One M'sia and I'll come back hopefully to help pick up and mend the broken bits but seriously folks, this move by Ananda is symptomatic and reaction to a failing government.

Do exercise caution as UMNO is the equivalent of the AIDS virus and that spells impending DOOM.


Raja Petra's poser : "Did Liong Sik cheat the Cabinet or did the Cabinet cheat Malaysians ?" - answers affirmatively "yes" to the first and "Yes" to second question BUT damn SIAL AG Pigtail purposefully omitted that third most crucial question but "YES" in relation to both AZIM ZABIDI and TIONG KING SING - the two MOST CULPABLE HACKS who confidently lie, cheat and steal billions with the aid of PIGTAIL - you are going to jail, you bastard son of a gun.

When put to the question, Azim confronted Raja Petra by serving up some letter of notice. I can't remember what exactly and I think Raja Petra also not bothered but middle finger up for good measure.

Likewise, when Ong Tee Keat prodded, Tong King Sing quivered but then accused Tee Keat of soliciting/receiving RM$100 million - an accusation Prosecutor's had on hold until recently, thrown out once the threat of a follow up by Tee Keat had subsided.

Mind us all, AG Pigtail is capable of putting the 'fix' on Tee Keat, same goes for Raja Petra and Anwar Ibrahim is evidence of the evil eminating for AG's office but no matter the threats, one find day, someone is gonna talk and it will be curtains for UMNO and the two hatchetmen, IGP and AG.

Off topic but crucially relevant - as noble as he comes across, Tee Keat should get no grace from us, just like Ku Li who remains part of the cesspool UMNO, Tee Keat too should be slagged for his continued membership.

Having had his hands forced, treated worse than a whore and kicked about like a mange mongrel, Tee Keat should have declared himself an "Independent" non aligned MP the moment Najib initiated his removal, in the same guise as those Pakatan Rakyat crossover basket case.

I like to think Tee Keat as a straight shooter, incorrigible, truly one of the rare specimen amidst the stink emanating from the UMNO/BN cesspool and perhaps, just about the only candidate in government who can stand proud against rivals of the same generation, the equal of CM Guan Eng and MB Perak Nizar, made an orphaned with no state to governed.

On the same side, all three can contribute immensely towards shaping the future of the nation the moment UMNO is disposed, buried and last nail in.

I don't throw about accolades Tee Keat but do think about future prospects and act accordingly as there is only one way for you to redeem lost pride.

Best regards RPK, better half and all out there.

On 30 July 2003, Kuala Dimensi via Special Port Vehicle Bhd issued a RM1.31 billion bond secured against payment stream from the Land Agreement. Kuala Dimensi is supposed to fully reclaimed the land and built basic infrastructure as per Land Acquisition agreement.

Guess where the bond proceeds when to?

3.1. Amount owing to Danaharta

On 24 November 1997, WBGB, via its wholly-owned subsidiary, Great Profile Sdn Bhd (“GPSB”) entered into a conditional sale and purchase agreement to acquire approximately 753.1 acres of Property (“GPSB Properties”) from KDSB for a cash consideration of RM747.006 million.

GPSB has paid a total sum of RM310 million cash which includes a deposit and part payment of the purchase consideration for the GPSB Properties. GPSB obtained the cash from the proceeds of the subscriptions by WBGB of new ordinary shares and redeemable cumulative preference shares in GPSB. In addition to that, GPSB has assumed all the obligations and liabilities from KDSB in relation to the bridging loans of RM210 million from Sabah Development Bank (“SDB”). KDSB subsequently received a notice of acquisition dated 14 January 2000 regarding the loan being acquired by Danaharta. GPSB therefore has an obligation to Danaharta for the repayment of loans assumed.

The amount owing to Danaharta will be restructured as follows :

a) proposed partial waiver on interest outstanding as at 31 May 2000 and proposed full waiver on interest due from 1 June 2000 to the date of completion of the Proposals;
b) proposed waiver of all penalty charges;
c) proposed conversion of the entire principal amount of RM210.3 million into RCB A and the remaining interest and other charges after (a) of RM65.26 million into RCB B; and
d) proposed option for Danaharta to put both RCB A and RCB B to DST at 100% of nominal value plus a holding cost of 8.5% less any coupon received.

3.2. Amount owing to KDSB

As at 30 May 2000, the outstanding amount owing to KDSB is RM227.006 million. RM100 million will be withheld as retention sum pending completion of land reclamation and construction of infrastructure works to be carried out by KDSB. The remaining balance of RM127.006 million will be converted into Zero Coupon RCULS.

Source: http://www.klse.com.my/website...chives.jsp

Here is an interesting story about Great Profile I came across in YB Lim blog

History is repeating again. On 28 November 1997 (only 2 weeks ago), Tan Sri Ting Pek Khiing reached an agreement to sell about 24.44 million shares (or 22%) of Pacific Chemical equity to the same Dato Tiong King Sing for an undisclosed price. It also reported that Pacific Chemical (listed in Kuala Lumpur stock exchange) will also buy 2 more companies from Dato Tiong King Sing for RM654.5 million. It involves 99.9% of a company called Great Profile Sdn Bhd for RM25 million in cash and RM502 million in new cumulative redeemable preference shares; and 45% of a company called Wijaya Baru Sdn Bhd for RM157.50 in cash. Great Profile recently agreed to buy 753 acres land near Port Klang for future industrial, commercial and residential development. Wijaya Baru Sdn Bhd is in construction and land reclamation. This highlight the following:
This 22% share sale deal means that the buyer has the control of the company, but without giving the minority the opportunity to a general offer of their shares.

• The purchases of the two companies are done in cash, so to avoid the approval of Securities Commission scrutiny.

• This is another classical example where Tan Sri Ting Pek Khiing get bail out. The buyer get control of a listed company. The buyer also get back his money by pushing his own asset injected to the listed company. Is this in the minority shareholders interest? Do we have the necessary government machinery and dependent enforcement to ensure minority shareholders interest are protected?

Source : http://www.limkitsiang.com/arc.../sg795.htm

(Note : Pacific Chemicals Berhad then changed its name to Wijaya Baru Global Berhad. )

I am just wondering why no one reveal that Kuala Dimensi did not fully own the 999.5 acres of land sold to Port Klang Authority. Part of the lan, 753.1 Acres , is owned by Great Profile Sdn Bhd, a fully owned subsidiary of Wijaya Baru Global Berhad.

Kuala Diminsi has sold the land (753.1 acres) to Great Profile Sdn Bhd in 24 November 1997 and the transaction was completed in 1999.

The land was sold for RM747.006 million plus taking over all obligations and liabilities of the bridging loan of 210 million that Kuala Dimensi has obtained from the now defunct Sabah Development Bank. The land was also charged to Bank of Commerce Berhad for a loan of RM250,000.00 taken in 6 March 1998.

Note: Danaharta took over the loan portfolio from Sabah Development Bank Berhad in january 2000.

Source: Wijaya Baru Global Berhad 2002 and 2003 Annual Report and public announcements to Bursa Malaysia between 1999 and 2000.

I sure wait for this day!!

OMG!
RPK just put a spanner in their works!
From what I gather, LLS is practically proven to have followed protocol.
All these "Rahsia" documents have just proven he is innocent (of deceiving).

So why the big hoo-haa about charging LLS then?
Is this another "Wayang Kulit" again?
Are we having our GE-13 soon?

nice trick .... we all know that the greedy unmoputras use powerful MCA people to hoodwink the stupid kampung Malays. The conman Chinese like LIng takes the fall and the corrupt Umnoputras get to keep the money and stupid Malay muslim masses think justice is done!!!!

How is this trail going to return the billions of ringgit to the treasury? How is this trial going put PKFZ on track operationally? THIS IS WHAT THE 'PALACE OF JUSTICE' MUST ADDRESS. Chinaman Ling thinks we are all stupid by saying ' when in the palace of justice .... we must be confident of justice" Is he saying the people in the courts have no confidence in justice ???? if that is the case .... we will take justice to the palace .... for the palace of justice to function !!! (pardon the pun).

the 'passenger' fat-as...s could single hander mastermind to cheat the cabinet???if the umnogoons are not pulling another BTA tahir..then this only proved that the cabinet of the umnogoons are jus bunch of morons!!!can they provide a good governance for malaysia then???

My Dear Casper, your write was absolutely fab but selfish. I would be grateful if you could share scraps of pigtail's hide for my stilettos
dear better my , you coined the Scope technology in absolute terms --great works!!
Beautiful write dear Wudang--now we understand better why pigtail's wit is last in transit! Cheers to all for the wonderful research.

Aiyah, RPK, why you so resourceful and clever neh? Did the PDRM also have access to the above documents? If they do, then they wouldn't have been so quick to arrest LLS. Hahaha. I think you better come back and take over the PDRM.
On a more serious note, why haven't the MACC arrested the white-haired Taib, that Aman guy from Sabah, or even our AAB for his role in selling machine parts to Libya. The PDRM can then, if they are free, also look into TDM's 22-year rule for the most blatant corruption(negotiated tenders) taking place during his rule.

Pet,

Great Investigative journalism to be able to compile this great revelation...syabas.

Same Modus Operandi whether it is the Airforce, Naval, Ground Defense deals, PKFZ, etc, etc, etc....

The Elite network place their people in the major positions of power in all the areas they need to control to prevent proper investigation or to ensure that any high-profile case that does get to court always fails You don't need to control all the policemen to stop an investigation. You just need to control the person who controls the policemen...

You don't need to control every social worker, just the people who control the social workers. In other words, you only need to control the very few people who have the power to call off an investigation when necessary.

These placemen and women are controlled by the same force and so the cover-up can be carefully coordinated through people who appear, to the outsider, to be unconnected -teachers, social workers, policemen, lawyers, judges, and media....

Just to share this to understand how the system works...

PBS Frontline Black Money Pt 3 of 6 – 09:39 - http://www.youtube.com/watch?v=fiEWMIcBjTc&NR=1

PBS Frontline Black Money Pt 4 of 6 – 08:36 - PB complaints - PM to AG…Case halted... http://www.youtube.com/watch?v...re=related

PBS Frontline Black Money Pt 5 of 6 – 09:22 - Secret Documents - Justification for halted Case…2nd Contract signed..Haliburton…Scapegoats, Siemens – FBI Director - All allegations false… http://www.youtube.com/watch?v=FgWI25RpIxs&NR=1

PBS Frontline Black Money Pt 6 of 6 – 09:16 - FBI Chief justifies…BAE employs 40,000 Americans…One Rule for the Elites & another for the others…Saudi Prince justifies USD50 Billion Corruption...http://www.youtube.com/watch?v=KKobqEnSNmI&NR=1

April 11, 2009
In Black Money, FRONTLINE correspondent Lowell Bergman investigates this shadowy side of international business, shedding light on multinational companies that have routinely made secret payments -- often referred to as "black money" -- to win billions in business.

"The thing about black money is you can claim it's being used for all kinds of things," the British reporter David Leigh tells Bergman. "You get pots of black money that nobody sees, nobody has to account for, ... you can do anything you like with. Mostly what happens with black money is people steal it because they can."

You be the judge.

I would conclude that both statements are correct.

Cheers & take care.

Please read carefully what is Tun Ling charged for again.

According to the charge sheet, Dr Ling is alleged to have deceived the Malaysian government between Sept 25 and Nov 6, 2002 by deceiving the Cabinet on Level 4, Prime Minister's Office, Bangunan Perdana Putra in the Federal Territory of Putrajaya, into agreeing on the land purchase in Pulau Indah for the mega distribution hub project in Port Klang according to the terms agreed to between Kuala Dimensi Sdn Bhd and the Port Klang Authority.

The terms in the agreement included:

a) the size of the land being 999.5 acres or 43,538,200 sq ft;

b) the purchase price for the land being RM25 per sq ft amounting to a total of RM1,088,456.

c) the repayment period being based on a "deferred payment" of 15 years with an interest rate of 7.5 per cent per annum (total RM720,014,600), and thereby dishonestly hiding the fact that the valuation by the Valuation and Property Service Department, Ministry of Finance on the land was RM25 per sq ft for a repayment period of 10 years or RM25.82 per sq ft for a repayment period of 15 years, including coupon/interest that could be charged for the repayment period.]

"And as such, you have purposely induced the Cabinet to give its consent to the purchase, whereas the Cabinet would not have given its consent if the fact had been told to the Cabinet, and the fraud was committed with the knowledge that you could cause a loss to the Malaysian government, where you have an interest in the transaction pertaining to the fraud and you are bound under the law to protect it and, as such, you have committed an offence punishable under Section 418 of the Penal Code," it said.

Tun Ling tipu lebih 85sen psf aje ke? Kah kah kah!

Dear Tun Mahathir, waiting patiently for your comments. Tak kan Tun Ling nak tipu lebih 85 sen aje kot?

B B's {politicians] want a new Parliament when they are not even fit to sit in a cow-shed, for the shit work they are doing ! They have OSA for all documents ,so that we are not aware of the DAYLIGHT ROBBERY by our so called YBs.

PwC Report point 2.10

The land was purchased by PKA at a price of RM25 psf based on the basis that the land was of special value ( as referred to in paragraph 4.33)

PwC Report Point 2.11

According to the Hansard, there were differing views on the mode of acquisition of the Land, namely compulsory acquisition as against outright purchase. The Hansard mentioned that the Cabinet had deliberated on the differing views and decided that, in the best interest of the country and to avoid any complication, the Land be purchased outright.

Valuation and Property Services Department (JPPH) had in August 2001 placed a value of RM10.16 psf on the basis of compulsory acquisition with land partly reclaimed and no Infrastructure Works. Compulsory acquisition, had it been possible, would have cost a total of RM422 million compared to the purchase price of RM 1.088 billion(that is RM25 psf including Infrastructure Works with land fully reclaimed).

(I speculate that when PKA bought the land, it was only partially reclaimed with no Infrastructure Works)

Now this point in PwC Report is interesting to note.

Point 4.4

From our reviews of the agreement and others documents made available to us, we have identified the following issues regarding limits of authority and the way in which the project was managed and governed by the Board and management of PKA

The Report then list Issue No 1 as;

The proposal to purchase the Land was approved by the Cabinet. However, subsequent development proposals were not tabled to the Cabinet for approval.

Therefore, when PKA cannot pay up and ask the Government for a ‘soft loan’, Top Cat first has to write the memorandum (as published by MT) and addressed to Pak Lah’s Cabinet in order to seek retrospective approval and ratify what Chan Kong Choy had done. Well, rather Kong Choy and Pak Lah.

Many question asked from writers above are left answered. I will answer a couple not to disppoint u guys

Q by cheekhiaw, Whole closet full of thieves and the tuans of the cabinet knew nothing? No

Q by HamChak, Aiyaa, why only charged this Loktor LingLong only? Yes why? How about others?

Q by educationist, The Cabinet led by the nose or Dr Ling the mastermind? No

Q by red1, July 30, Come to think of it, since this happened in Pak Lah's time and he stopped many of Dr. Mahathir's mega-projects, are you thinking what i am thinking of who really is behind all this? Yes. FOC

Q by lynn, July 30
Why "Rahsia" on every damn page? I dont know.
Is it their personal money they are dealing with? No, our money.

Q by ?? (can;t keep track anymore) You realise the Mamak is still keeping his silence on this? Yes.

I am having headache answering your questions, guys.
Stop bloody asking so many questions, reserve them for post GE after PR is installed when each individual of the mob is invited to the inquisition panel. Then you can ask to your hearts content.

Hey, casper,
"xxxx For the benefit of latecomers, the blatant case of 'boardroom plunder by 'Kasilah' Gaadam, the pertinent facts - [ Defendant had claimed trial to using his position as SLDB chairman for his financial gain by taking part in the decision to approve a proposal to sell 16.8 million shares held by the board in Sapi Plantations Sdn Bhd to Briskmark Enterprise Sdn Bhd, where he was promised 3.36 million shares in Sapi Plantations on Oct 22, 1996.xxxx "

The way things are going with more published company sell and buy transactions info, I think we will be guru in company shares understanding by year end and we can flutter about in some stock room and make a quid or two.

Your goodbye: Gotta run folks, already late for dinner but as always, g'weekend all. "
Have a good one to you too and
return to give us Lesson 2 Financial business deals, stock options and con-jobs synthetics CDO & Derivatives, a favourite with "I Jho" man. P us all in permanent SCOPE centrifugal spin..

Dear lynn, the people who bought the bonds are most likely to be institutional investors like banks, insurance companies, bond funds managed by professional managers of both local and overseas. They are certainly not ignorant because the bond are rated 'AAA' by our rating agency.

For example, this is how MARC rated the bonds issued by one of the four Special Purpose Vehicles.http://www.marc.com.my/ratBase/pub.press.detail.php?aid=1601

If PKA don't pay by 31 July, that would constitute a default. Try to imagine what would happened to our domestic bond market when it open for business on Monday.

Don't pay die, Pay also Die.

The following is the chronology of the Cabinets meetings and decisions on the Land Acquisition:

•On 2nd October 2002, Cabinet agreed to the purchase of the land for the PKFZ project based on Transport Minister’s information that the project was viable and did not require any government financial assistance and that legal issues surrounding the land concerned had been resolved
.
•On 9th October Cabinet agreed to defer implementation of the Oct. 2 decision, pending reports by Finance Ministry and Attorney-General’s Chambers.

•On 16th Oct. 2002, Cabinet informed of Attorney-General’s position that the land had too many encumbrances and “willing buyer, willing seller” transaction not proper. Finance Ministry asked to submit report.

•On 23rd October 2002, Cabinet agreed that land be acquired by Transport Ministry under section 3(1)(a) of Land Acquisition Act 1960 at RM10.16 psf. Kuala Dimensi Sdn Bhd (KDSB) to be given the opportunity to level and build basic infrastructure at a price to be negotiated and to be finalized by the Finance Ministry if it is above RM100 million. Among the reasons why the Cabinet reversed the Oct. 2, 2002 decision were:

1.The land has too many encumbrances with at least eight charges and five caveats and that Kuala Dimensi Sdn Bhd (KDSD) had made misrepresentation which may be fraudulent misrepresentation;

2.That the issue of “willing buyer and willing seller” does not arise as KDSB was unable to transfer title free from encumbrance to the government;

3.That from corporate information, KDSB was a company with bank liabilities.

On 6th November, 2002 Cabinet reversed its decision of Oct. 23, 2002 and upheld its Oct. 2, 2002 decision.

Re written by Fart Fart Wah, July 30, 2010 15:07:39
correct correct! corrrect! It looks like LIng Ling Sheok, sounds like Ling Ling Sheok and the shit his he is in smells like Ling Ling sheok's xx ...iF THIS WAS CHINA THE WHOLE CABINET WOULD BE SHOT and 20 sens would be collected for the bullet... "

Hey 88me, that is pretty classic line "... 20 sens collected for the bullet.." - quite original in MT, man.

Abolish ISA Solidarity Watch - Sunday 1st August, 12-2pm, Trafalgar Square, London
Australia - ??

Long Sick is just a fall guy as his name portends that when it comes to the crunch Ma Had Tail & his hench men just need a Chinese bugger with an inauspicious name to face the music. It is all about fung sui or geomancy. It is all about racism. It is all about the fact that a certain group of people cannot do any wrong & are always above the law.

So pray tell, Wudang, who bought these bonds? The ignorant "investors cum public?"

Looks like GE13 will be held soon. MCA is really trapped now, isn't it? It can't leave the bn coalition - Dr Ling & company are trapped alright!!! What is it abt some people, so greedy for wealth & status? No amount of wealth can buy peace of mind & a good night sleep, free from worries. You people at MCA, you need to emulate Dr Tan Kee Kwong!

Dear RPK and Malaysia Today readers, to answer your question, I think it is important to distinguish two significant cost elements as 1) Land Acquisition and 2) Development Cost And two Prime Ministers and Cabinets.

1 Land Acquisition

PKA acquired the ‘project land’ for RM1.088 billion.

The agreement was signed on 12 November 2002 and 10% of the purchase price was paid

The balance sum (RM 979,610,400) was agreed to be paid on a deferred basis over a period of 15 years at 7.5% starting in 2007 and full payable by 2017

On 30 July 2003, Kuala Dimensi via Special Port Vehicle Bhd issued a RM1.31 billion bond secured against payment stream from the Land Agreement.

In order for the bond issuance to be viable, the Ministry of Transport has issued a ‘Letter of Support’ to Malaysia Rating Agency and the Bond was rated ‘AAA’.

Ling Liong Sik has signed the letter on 28 May 2003. He retired the next day.

2 Development Cost

The principal development agreement was signed between PKA and Kuala Dimensi on in 2003 for RM519 million. This only involve the development of 400 acres of land.

However, a supplementary agreement was signed on 27 Mac 2004 where the initial development of 400 acres has been extended to the full 1,000 acres. This resulted the development to increase to RM 1.3 billion.

At this point in time, a Master Plan for the project has not been drawn up yet.

The masterplan was only prepared and finalized nine months later by Jebel Ali Free Zone International (Jafzi) and The Services Group Inc (TSG) recommended multiple phases over eight years for light industrial units

(However, PKA entered into a single phase RM1bil development contract with KDSB in March 2004)

The capital outlay for the development of ‘the project’ will be advanced by Kuala Dimensi and PKA will pay RM100 million in 2004, with the balance to be paid from 2007 until 2012, an annual payment basis ranging from RM53.89 million to RM230 million.

To fund the development cost, another tranche of bond was issued by Kuala Dimensi through Transhipment Megahub Bhd (TMB) that issued a total of RM1.455 billion on 3 November 2004.

Chan Kong Choy signed the ‘Letter of Support’ relating to the development agreement on 23 April 2004.
In Nov 2005, PKA awarded an additional development works (ADW) , valued at RM 510 million to Kuala Dimensi. The contract value will be fully repayable by 2011 at 5% a year interest.

Based on the agreement and ‘Letter of Support’, a third tranche of bond was issued via Valid Ventures Bhd (RM595 million) on 30 Mac 2006.

Chan Kong Choy signed his second ‘Letter of Support’ on 8 Dec 2005.

On 26 April 206, the final agreement for New Additional Development Works (NADW), valued at RM 336 million. The contract value will be fully repayable by 2010 at 7.5% a year interest.

Again, Chan Kong Choy issued his third ‘Letter of Support’ on 23 May 2006.

Kuala Dimensi issued the fourth and final tranche of bond valued at RM 410 million via Free Zone Capital Bhd .

In total, Kuala Dimensi has raised RM 3.77 billion to develop ‘the project’.

The project was completed in 2006 and consist of 512 warehouses, 2,000 covered parking bays, four office buildings, an exhibition centre and a four-star hotel.

Vote BN somemore lah!

written by arazak, July 30, 2010 20:46:52
... Why not the jail capacity also have quota. . ., and please offer them more than 30%

Hello arazak, in fact just like PERKASA chief said it, the UMNO Malays must have at least 70% quota, this means if Lin Long Shit goes to jail, at least 3 others UMNO ministers must have the privilege to join him in jail too.

Hello MCA. . .,you must fight for Ling Long! Tell UMNO that if Ling Long goes to jail than Khir Toyol also must go to jail. Afterall, your Ketuanan UMNO had always wanted their quota in everything. Why not the jail capacity also have quota. . ., and please offer them more than 30%. There are still more spaces for them in Sungai Buluh and Kamunting!

cont. The best part is UMNO only realized that the people were robbed when the can was opened by YB LKS!! Imagine placing the UMNOputras , Paris Hilton, and Madona as castaways in a far flung island. They will breed like rabbits!!

The first alarm would ring at the owner of the State's Palace. The Sultan of any particular State knows what happens with his dominion. Why were they silent?? Does it take rocket science to figure this out??
Now we come to the Auditor -Gen. Does he know how to count?? What about the Fund Disbursement Managers at the Fin Ministry?? Dont they know the project falls under their watch and briefs have to be sent to the Minister . Oops Sorry -- i forgot the Finance Minister is Mr Clean!!!!! and a holy one at that!!. Now what about the Judiciary who are involved with legal papers.
5 BBbil can walk away just like that without an alarm bell ??? UMNO thinks we are all fools. Lets stuff some thick dough to choke their windpipes!!
When they want to steal its termed"" Rahsia""???No difference !! they just sold their families in the flea market to the highest bidder!!! Every UMNO Institution is involved in this daylight heist !!!

Justice administered by AG Pigtail means JACKSHIT to all of us, having already regale us with blatant disregard, false prosecution, obvious cover up - at times, plain incompetence but the worst of it must be perjury, lying while on oath and those flimsy make believe witness testimony - and let's not even get involved with the case of Saiful Tonggeng.

On behalf of the paying audience, I take no pleasure to sound off a most severe warning to the piece of shit @ Pigtail, your time behind bars has already been booked the moment UMNO falls.

Currently, if 'Kasilah' Gaadam's CBT trial were a measure of justice, Fishead Ling is odds on to be acquitted but Pigtail must go through the moves, having hauled in OC Phang (as a result of Tee Keat's constant prodding) to set the wheels in motion. There is so much deceit created from the hands of Pigtail's blatant disregard as to how justice is administered.

For the benefit of latecomers, the blatant case of 'boardroom plunder by 'Kasilah' Gaadam, the pertinent facts - [ Defendant had claimed trial to using his position as SLDB chairman for his financial gain by taking part in the decision to approve a proposal to sell 16.8 million shares held by the board in Sapi Plantations Sdn Bhd to Briskmark Enterprise Sdn Bhd, where he was promised 3.36 million shares in Sapi Plantations on Oct 22, 1996.

On the second charge, Kasitah was alleged to have cheated the SLDB board members by omitting to disclose the offer by PPB Oil Palms Sdn Bhd to allocate five shares of the company for each share of Sapi Plantations in the proposal by company for listing on the KLSE.

He thereby dishonestly induced them to approve the sale of 16.8 million shares held by SLDB in Sapi Plantations to Briskmark Enterprise whereas they would not have approved the sale if they had known about the offer by PPB Oil Palms ].

No matter how one cuts it, Kasilah's was a case of clear cut 'curi', fatty lined his own pockets while denying SLDB its rightful gain but Suraya Othman ruled the absence of witness during trial - members from the board that signed off the deal with Robert Kouk - was sufficient cause to say fatty didn't cheat and thus acquitted and charges thrown out the door.

Bloody waste of taxpayers money but priceless humour to see how badly we all got screwed while Pig tail, his team at Prosecutor's Office, sitting judge, PDRM and MACC all continue to rock and roll - damn BASTARDS ! And before I forget, another priceless gem if anyone cares to recall - "witness testimony taken abroad" in the case of Eric Chia( in Japan), "not admissible".

I'm certain we can all remember many facades of justice gone askew but in my books, the mother of all acts of deceit took place at the end of VK Lingam's inquiry (that was all it was), Pigtail's office had the audacity to suggest there was the possibility of Lingam being culpable BUT nothing in the Penal Code to charge him with !!! Damn and still no word when one Karpal Singh offered to assist.

You wait lah AG, there is nothing more I like than to take pleasure of turning your hide into bacon, your spine to make "Bak Kut Teh", and even the worst bits, hair and all - the python and lions and tigers at Zoo Negara wouldn't mind one bit I assure you.

Let' all await the next chapter of Pigtail's sleight of hands, how he will bend rule of law to seek the release of one Fishead Ling.

Fortunes favours the brave, as the saying goes but I just can't figure out Pigtail pitching in to cover up and at times, fully facilitate the commission of a crime, all for what ???? You didn't blow up Altantuya so why dish out orders limit the line of questioning to just the three defendants ???? That directive at the start of Altantuya's trial was unprecedented.

Never before in our history have we seen an AG so callous to make light his fiduciary duty to uphold the law, but all we see is his carefree manner to sway judgment in favour of criminals while others have to run for cover literally.

For now, we are left helpless and can't do nothing but as soon the day presents itself for us to act, boy o boy, am I going take pleasure watching Pigtail squeal.

Gotta run folks, already late for dinner but as always, g'weekend all.

Would it make any difference if it is ALI BABA or HIS THIEVES...............they are after all - BIRDS OF THE SAME FEATHERS................this is just another WAYANG KULIT.............it is going to be .ANOTHER ACQUITTAL.............these serial lairs are so predictable ..............

Oh shit...RPK, how many times must the government warn u not to expose their secrets? How do u expect BN government to give u a fair trial if u come back here? How not to fix you up for good.?

U keep exposing to the public our closet skeletons. Pls ontact us secretly for some private discussions, this is not good for us.

Boleh land.

SABM.
Gerakan Mansuhkan ISA (GMI) and Suara Rakyat Malaysia (SUARAM) would like to invite all concerned citizens to a Candle light Vigil in conjunction with 50 years of ISA. The Vigil will be held on Sunday, 1st of August 2010 at several parts of Malaysia :

State Place Contact Person
Selangor Dataran MBPJ, Nalini: 019 3758912 (to get updates)
Padang Timur (Opposite Amcorp Mall)

Penang Speakers Square Jing Cheng: 012 7583779

Perak Dataran Bandaraya Ipoh Dr. Kumar: 019 5616807

Kedah Dataran Zero KM, Simon Ooi : 012 4202264

Kelantan Taman Hijau, KB Zaidi: 0123840415

Seremban Dataran Seremban Veron: 016 6687900

Sibu, Kuching and Johor will be confirmed soon.

Wear some or full red or black, as put forward by Voter GV man.

If you can’t make it to these sites, light candles wherever you are at some lunch or dinner tables. Show that you demand the rules that you want to live by in our very own beloved nation. Dont ever forget, all other nations are taken. It is the right conscience thing to do. Just do it.

TELL your friends.

http://sayaanakbangsamalaysia....&Itemid=97

sorry.... get con

The PM might be using the highest philosophy in life to stay this time.
All of you might can con.

people whom we vote to lead us, mislead us
people whom we put to keep order, brutalise us
people whom we trust to dispense justice, fix us
people whom we entrust our treasury, loots it
people whom we entrust to teach our children, poisons their innocent minds,

for 52 years. We could have a very different Malaysia

Abdullah Bodohwi was the comic relief -- slept the way through all the thefts. I hope he will be sent to ISA for the damage he did to this country.

Mahathir is the prime cheater of malaysia. Would Ling the b-lls carrier dare to cheat Mahathir? All pakat pakat, destroy malaysia. Now pretend not to know anything. Chelaka punya babi.

Accompanied by his wife Toh Puan Ena Ling and sons Hee Leong and Hee Keat, Dr Ling later told reporters that he had faith in the country’s judicial system.

Yeap, he has faith in the country's judicial system where it protects cheaters, thieves, pirates, liers and all sort of trolls. You are totally right TunLing.

MCA president Datuk Seri Dr Chua Soi Lek said he was shocked by the charge, but expressed confidence that Dr Ling would get a fair trial.

Another brave act of SoiLicked, he was shocked that how come the brother of crooks can ever get charged. He was confidence that Ling Liong Suck will walk out as a free man with all charge drop.

All I know, brother, is we got screwed up big time by those who were supposed to lead us. And this is not the 1st time we got screwed up. Thank God, we finally woke up in 2008.

In other countries with more credible government and media, the cabinet papers episode will compel whole cabinet to step down en masse. Our MSM? They get by with lies, disinformation and omissions. Everyone who is pro UMNO/BN, truth to them means lies unrevealed.

With due respect to Ling, but he is not sharp and scheming enough to to do everything on his own in the PKFZ scandal.

Ling Liong Sik told reporters ....." that he had faith in the country's judicial system"..........of course he will becos in due time it will all be forgotten and then swept under the carpet till liong sik and Mahathir are dead and case closed!!!!
hello liong sik please ask RPK and Anwar Ibrahim how much faith they both have in the judicial systems!!!!!!

Now can we endeavour to get the Cabinet papers to get critical mass exposure because they won't see the light of day in MSM. Enough of UMNO/BN hoodwinking us

aiyoh! ling liong shit must have agreed to be the leading star in this sandiwara to save his sons businesses...we know the 2 heehees cannot boil an egg to save their lives, what more running multi-billion ringgit businesses...

we certainly know the answer to this question, don't we?. Currently, the Executive (PM) wields all the power after Mamakshit changed the 'check & balance' status quo of the Legislative, Judiciary & Monarchy besides his. It easily gives way to scandalous mega $$ losses like this and this then is conveniently kept under the lid with OSA. It is time we campaign for the return of powers to respective bodies.

The sad truth is when we start talking about the cabinet, you'd find half the Menteris not participating actively when it comes to making any 'collective decision' on a specific public issue. Especially when it's PKFZ when these non-participating Menteris do not even have any faint idea with the knowledge, expertise and statistics involved. So any Cabinet decision is effectively made by just a handful with vested interests. And go guess who did have actual vested interests in PKFZ during that time? You realise the Mamak is still keeping his silence on this?

Even a blind man will know that it is a conspiracy of the highest degree.Leong Sick being a yes man will not act alone.Mamak and Semi value are all in it

A cabinet full of shits!
I say flush them all down the toilet for robbing us blind!
I'm sure that mamak has got his hand in the till as well.

First of all, don't fall into the trap "how come its only the Chinese bugger who is charged?" The whole idea of making this Toon Ling, the fall guy is to rouse the anti Chinese sentiments. Its also to divide the supporters of PR who will, like most of us here, are taking sides about why its only a Chinese who gets charged.

Secondly this episode is really the final nail in the OSA coffin. The OSA is used more often to cover up cheating and corrupt practices than it is actually used to cover truly nationally sensitive secrets.

Having noted the above, now let us tackle this issue. It appears that, aside from the all hooha language in the documents published by RPK, the cabinet knows what they are doing. They cannot claim that Toon Ling was deceiving them, unless they claim they don't understand Bahasa and they misread the intention. Even for a person like me, born in the 50s, went to English schools,can understand the hooha jargon in the documents, how is it that the cabinet didn't?

The only plausible excuse that the cabinet can come up with is, they were negligent, so sorry lah! We will not do it again if you vote BN in the next GE.

Anway, all of you can lay your bets on this case to be long and dreary - like Eric Chia's case. It might NOT even be concluded by the time Gani Patail retires or is sacked or is arrested. In the meantime, Toon Ling will be free to galivant and drink and dance and karaoke till his face turn blue. Us? We will try to keep going, eating cap-farn and drinking weak chinese tea.

dr ling,
We are not surprised for you to have said you have much faith in Malaysian judicial system. Who wouldn't if he know the court process is just another sendiwara and at the end of the trial, he will be ACQUITTED using cock and bull stories.

Even pork seller in the market asked, how come all those charged all Chinese? What abt the others who are filthy rich, who are not charged, who are not Chinese?
How come PM Najib is coincidentally now on leave till August 10th? The heat is really hot, isn't it?
You believe in coincidences? Who ordered MACC, etc. to prosecute Dr Ling?
Come on, AG chambers, PDRM, MACC.... they only move in when orders are given!
So on whose orders this was initiated? Moo's?
The word is, MCA's members are really pissed. This will cost BN's loss of chinese votes in the south, north, if there are any left...

correct correct! corrrect! It looks like LIng Ling Sheok, sounds like Ling Ling Sheok and the shit his he is in smells like Ling Ling sheok's...but I can't remember when I signed the cabinet papers...Cabinet? What Cabinet? Was i inthe cabinet?? If you ask me 14 times I will tell you 15 times I can't remember...the crooked bridge.??? Now I remember telling the sleepy fellow that I wanted the crooked bridge continued...yah..I remem-mem--mem ber the cabinet meeting..and I ordered the cabinet to approve it too...but the sleepy fellow he stopped it....bloody idiot..I lost alot of money...iF THIS WAS CHINA THE WHOLE CABINET WOULD BE SHOT and 20 sens would be collected for the bullet...

Well, another scape-goat here, whereas the cabinet should take full responsibility.

Why "Rahsia" on every damn page?
Is it their personal money they are dealing with?
From Day 1, all these dealings shld be open to public scrutiny.
The fact is, being "Rahsia" on every page gives rise to suspicion that something is not kosher.
You believe, any project of such high value, the PM of the day "tak tahu?" Tak Tahu. Tak Tahu.
It's time MACC also look at Bakun project - either you expose all the wheeling or dealings or otherwise when PR comes to power, all will be exposed under the new ICAC!!!!

Malaysia in the Mega League: slogan - we do only big things!
We have the world leading megalomaniac, mega-cheats, mega-corruption, mega-bank failures, mega-land grab, mega plots to murder, mega civil service, dll., mega ini, mega itu, we have them all....

He never walked alone. Too much money to loot along the way, needed some accomplice for sure.

DS Anwar Ibrahim told about this scandal 3 years ago,now only the corrupt gov charging the culprit but another culprit still on loose.

Come to think of it, since this happened in Pak Lah's time and he stopped many of Dr. Mahathir's mega-projects, are you thinking what i am thinking of who really is behind all this?

the clan of umno be end thieves n bandits are pulling off jus another BTA tahir kind of sandiwara???

well you can't jail the whole cabinet, so jail the fall-guy

The Cabinet led by the nose or Dr Ling the mastermind?
Hard to believe that the whole cabinet with the benefit of the whole legal resources of the AG chambers can be so dumb!

The above documents clearly spell out main Ministerial responsibility belonging to Ministry of Finance, Econ Planning Unit and Attorney General's Office. They all got hoodwinked by a Chinaman? Get me Perkasa.

Aiyaa, why only charged this Loktor LingLong only?
Ask la yourselves, why all the Ministers and ExMinisters all so FILTHY Rich?
What are/were their salaries?
The whole wealth/assets amassed just does not gel well with their salaries.
Look at their families, ALL so FILTHY Rich.
BolehLand is really VERY sick, lah.
The Bigger the Crook the Bigger the Title. ( like LoonyToonShit, TanSeeShit, LatukShit)

Former Transport Minister and MCA president Tun Dr Ling Liong Sik has denied that he conned the Cabinet about what transpired in the PKFZ matter. The crux of the whole matter is was the Cabinet in the know and did the Cabinet endorse whatever was going on or was Liong Sik acting alone without the Cabinet’s knowledge? Let the Cabinet Papers tell the story.

ONE CARTOON SAYS HE IS NOT GUILTY, ANOTHER SAYS HE DOES NOT REMEMBER WHILST A THIRD WOKE UP WONDERING WHAT IS ALL THE FUSS TO DISTURB HIM FROM HIS BEAUTY SLUMBER. THE MODUS OPERANDI OF PIRATES USUALLY WOULD BE TO WORK AS A TEAM
AND THEN SHARE THE LOOT.

Aiyoyo, ini semua rahsia o. Thanks for spreading the rahsia, RPK. Another blardy rahsia is the toll concession agreements under OSA. Can share that rahsia ah, RPK?

This is what I think.

Make ME Sick and the Cabinet robbed Malaysia in broad day light

Whole closet full of thieves and the tuans of the cabinet knew nothing?