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MT COLUMNS The web of deceit

The web of deceit


Sunday, 22 August 2010 Super Admin
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Datuk Ramli Yusuff, the head of the CCID, managed to untangle the web of deceit and presented to the prime minister the corporate and organisation chart of Tajuddin Ramli’s holdings and cross-holdings plus that of his family, his cronies and his mistress, Wan Aishah Wan Hamid. The prime minister decided to do nothing. Was this because his own family would also be implicated if the shit were to hit the fan?

THE CORRIDORS OF POWER

Raja Petra Kamarudin

 
Comments (15)Add Comment
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written by antares, August 23, 2010 19:27:13
Is it possible that Mas fiasco got out of hand and drastic measures has to done. So kabooooom! there goes Tajuddin Ramli. The Scorpene submarine fiasco got out of hand and drastic measures has to done. So kabooooom! there goes Atantuya! Toon Mamakthir and gang got all the Kabooooom scripts. The one he is still searching is nicknamed the GE13 Malaysian Kaboooooom !@#* umeno/BeNd script. Or is he mastering a real nasty one, commonly known the ISA Kaboooooom script as alternative for GE13.
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written by pixieface, August 23, 2010 08:36:22
And all the DIRT trails goes back to the devil's advocate, the toony mamak maha tahi
A celup melayu, from kerala. Whenever, there is a multi billion ringgit bail out, the dirty finger (middle0
points back to the sewage mamak kerala kepala.
Make no mistake about it. With daim, his conspirator in crime.
They are the multi billionaires, No.1 and No.2 in the looting list.
...
written by Fart Fart Wah, August 23, 2010 01:25:09
tHE MAN WITH THE SEWER HAND ( PART 2)

Perwaja Steel, for instance, lost US$800 million and its boss, Eric Chia, a crony of Mahathir's, was charged with looting the company. He stood trial, but was acquitted without having to put on a defense.
In the mid-1980s, the Co-operative Central Bank, a bank set up to aid the Indian smallholder community, had to be rescued by Bank Negara, the country's central bank, after hundreds of millions of ringgit in loans granted to a flock of Umno and MIC politicians became non-performing.
Some had never been serviced at all. Although the chief executive and general manager were charged with criminal breach of trust, none of the politicians were ever charged.
Before that, the Malaysian government was believed to have lost US$500 million in an attempt at Mahathir's urging to corner the London tin market through a company called Maminco, driving the world price of tin from US$4.50 per tonne to US$7.50.
It then sought to cover up the loss by establishing a US$2 company called Mukawasa from which allocations of new share issues to the government's Employees Provident Fund (EPF) were diverted. Mukawasa expected to sell the shares at a windfall profit to hide the tin speculation.
Mahathir ( The Man with the Sewer Hand)also was behind an attempt by the then governor of Bank Negara, the central bank, to aggressively speculate in the global foreign exchange market. Bank Negara ended up losing an estimated RM20 billion. The governor, Jaffar Hussein, and the head of forex trading, Nor Mohamed Yakcop were forced to resign.
' Malaysia 's Enron scandal
There have been many other political and financial scandals since. In 2005, Bank Islam Malaysia , the country's flagship Islamic bank, reported losses of RM457 million mainly due to provisioning totaling RM774 million as a result of bad loans and investments incurred by its Labuan branch.
Cumulatively, Bank Islam ran up non-performing loans of RM2.2 billion, partly from mismanagement and poor internal controls but also "years of regulatory indifference fueled by the misconceived notion of an untouchable Bank Islam because it was a favourite child of the Malaysian government, being the first and model Islamic bank in the country and region," according to a December 19, 2005 article in Arab News."Bank Islam had a reputation in the market for being the spoilt child of the Malaysian Ministry of Finance; and the perception of the bank was more of a Muslim financial fraternity or government development financial institution," the report said.In 2007, in what was called Malaysia's Enron scandal, the publicly traded Transmile Group Bhd, whose chairman was former MCA president and cabinet minister Ling Liong Sik, ( another sewer minister)was caught having overstated its revenue by RM530 million.A pretax profit from RM207 million in 2006 was actually a loss of RM126 million, and a pretax profit of RM120 million in 2005 was a loss of RM77 million, causing the government postal company Pos Malaysia & Services Holdings Bhd to warn that its earnings for the 2006 financial year might be affected by the reported overstatement, as the postal group owned 15.3 percent of Transmile.
Bailouts and more bailouts
Over the years 2001 to 2006, the government had to spend billions to rescue seven privatised projects including Kuala Lumpur 's two public transport systems, the perennially ailing Malaysia Airlines, the national sewage system and a variety of others that, in the words of one study, "had been privatised prematurely."
The government also repeatedly bailed out highway construction concessionaires, all of them closely connected to Umno, to the tune of another RM38.5 billion.
In 2008, it was revealed that Rafidah Aziz, ( another sewer woman minister)who had served as trade and industry minister for 18 years, had been peddling approved permits for duty-free car sales and allegedly lining her pockets.
Two companies which didn't even have showrooms – one of which belonged to the husband of Rafidah's niece – received scores of permits.
Although Rafidah came in for heavy criticism from within Umno, she remained in office until she was defeated in party elections.


...
written by Fart Fart Wah, August 23, 2010 01:24:16
The Man with with the SEWER HAND

hOW THE GOVERNMENT LOOTED 100 BILLION BY MK (pART 1)
Nov 28, 09 11:28am
The multi-billion ringgit Port Klang Free Zone scandal may be big, but it is only the latest in a long line of scandals going back to the early 1980s.
Time magazine quoted Daniel Lian, a Southeast Asia economist at Morgan Stanley in Singapore , saying that the country might have lost “as much as US$100 billion since the early 1980s to corruption”.
The scandals listed below are only a small sample of the looting of the country's coffers:
In July of 1983, what was then the biggest banking scandal in world history erupted in Hong Kong, when it was discovered that Bumiputra Malaysia Finance (BMF), a unit of Bank Bumiputra Malaysia Bhd, had lost as much as US$1 billion which had been siphoned off by prominent public figures into private bank accounts.
The story involved DECIET(added by me) murder, suicide and the involvement of officials at the very top of the Malaysian government. Ultimately it involved a bailout by the Malaysian government amounting to hundreds of millions of dollars.
Mak Foon Tan, the murderer of Jalil Ibraim, a Bank Bumi assistant manager who was sent to Hong Kong to investigate the disappearance of the money, was given the death sentence, and Malaysian businessman George Tan who had participated in looting most of the funds, was jailed after his Carrian Group collapsed in what was then Hong Kong's biggest bankruptcy, and a handful of others were charged.
No major politician was ever punished in Malaysia despite a white paper prepared by an independent commission that cited cabinet minutes of Prime Minister Dr Mahathir Mohamad( The Sewer hand man) giving an okay to a request to throw more money into the scandal in an effort to contain it.
That was just the first Bank Bumi scandal. The government-owned bank had to be rescued twice more with additional losses of nearly US$600 million in today's dollars.
Ultimately government officials gave up and the bank was absorbed into CIMB Group, currently headed by Nazir Razak, the sitting prime minister's brother.
Bank Negara lost RM20 bil
That scandal, which stretched over several years before its denouement in 1985, set the tone for 24 years of similar scandals related to top Malaysian officials and was the first to prove that in Malaysia, you can not only get away with murder, you can get away with looting the treasury as well.
...
written by temanmu, August 23, 2010 00:43:52
Family or not, right is right and wrong is wrong!

Or maybe UMNO Islam has a different version!?
...
written by Eskay345, August 22, 2010 23:30:12
The ex-PM & the ex-ex- prime minister decided to do nothing. Was this because their own families would also be implicated if the shit were to hit the fan.

How could any sane Malaysian expect any actions from both them PMs when their close cronies and family members are involved in this corrupt scandal?
Therefore one would claim having "amnesia" and the other having "sleeping sickness"

...
written by Semuaok, August 22, 2010 21:09:27
That is why AirAsia is created by our old man so that MAS can merge and disappear. Potong Harga (Proton) will be next to go.

Mahathiew it's a little too late and too deep the hole.
...
written by batsman, August 22, 2010 19:54:21
So who is the real traitor?
...
written by malgal, August 22, 2010 19:08:57
of course, the RM100 nasi lemak from the skyhigh caterers.
...
written by arazak, August 22, 2010 19:07:05
FROM: ROCKY’S BRU
TUESDAY, AUGUST 17, 2010
Why SIA is worth S$18.7 b and MAS is worth RM7.2 b
“Gaji buta for some, durian runtuh for others. Abdullah Ahmad Badawi, the MAS advisor, should start cracking on the lop-sided monopoly contracts which are against MAS' greater interest. He can start with the LSG Sky Chefs-Brahim's Sdn Bhd catering contract with the national carrier. In three months, the Sdn Bhd did slightly more than RM50 million worth of business with MAS.

Oh, by the way, the Brahim in the Sdn Bhd is Ibrahim Badawi, brother of the MAS adviser.”
-------------------------------------------------------------------------------------------------------------------------------
Pete,
You are right. . ., Sleepyhead do not want to rock the boat as his brother is also one of the parasite companies sucking out MAS through the hefty catering contract!

So how can you expect Sleepyhead is going to take action on the letters sent by the MAS Senior General Manager and also from Dato’ Ramli? How can you ask somebody to take action when he himself is practicing nepotism and cronyism? It is just like asking a thief to investigate another thieving activity by another thief!

Cronyism, nepotism, thieving, looting . . ., its part and parcel of UMNO’s brand name, "dulu, kini dan selamanya"!
...
written by panca, August 22, 2010 17:27:11
The prime minister decided to do nothing. Was this because his own family would also be implicated if the shit were to hit the fan


No prize for guessing it right! To 'guess' would not be accurate, with the complete evidence backed by a top cop's strong conviction to haul this criminal, he blatantly disregard his duty and being the no. 1 man with the power to execute, he obscenely walk away from it. WTF, wasn't this outright pretentious and ball-less talk. He was the pm who was talking about Towering Malay per se, so was Tajuddin one to him an image of such? ,

Look at the scenario, ex ex-pm make TR his crony, put sleepy head as next pm, top cop Ramli who was not corrupted and a sympathizer to Anwar has done his duty to fully investigate and obtained the evidence against Tajudin, whereas sleepy head has mounting pressure of sorts from his predecessor, sleepy head spoke about being clean but among other questionable businesses, one that was scomi but this is just one too many obviously allowed to pass through the BIG Radar skin......why. You connect the dotted line..... Any similarity this is happening to Jibby? Has he been twisted not just by his own warlords but APco and the Merlions?
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written by hellosunshine, August 22, 2010 17:13:19
The fact of the matter is that ALL the leaders in the BeEnd gomen from Mahalanun to the kacang putih warlords like Ismail Ali, Khir Toyol etc were all plundering the country like there's no tomorrow with their mega projects. Now that the writings are on the wall that PR will win in GE13, the plunderings have moved up into high gear with many hare brained projects like new parliament, new palace, new this, new that being started. I want PR to promise us that they will go after ALL these lanuns, prosecute them, jail them and get back every red sen that they had stashed away overseas or locally.
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written by MaleAsian, August 22, 2010 15:41:07
A product of BN's NEP and cronyism to the core. No wonder the people in BN is frightened to right what is wrong simply because it takes a REAL MAN like RPK and Datuk Ramli to show Bolehland that the BN government is toothless and powerless to act against TR for committing a crime against MAS and the Rakyat. BN's days are counted !
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written by Khan, August 22, 2010 15:22:38
Criminal Breach of Trust, Conflict of Interest, Corruption,. All powerful charges on it's own. Yet these corrupt BN Crooks don't feel like taking any cases. How can u explain this unless ofcourse the BN Crooks and robbers are heavily involved in this scandal.

I would to appeal to you people. No matter what the promisesof reform and racial equality promised by the BN CROOKS, please do not taken-in by them. Thee are beyond redemption!
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written by malgal, August 22, 2010 15:18:25
the tarantulas get away flies in their tummies.

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