Sarawak Headhunter
Taib’s Ten Income Streams
Recently we spoke to one of Taib’s key business partners in strict confidence. He explained to us what he described as the 10 main income streams that have turned the Chief Minister into a multi-billionaire over the past 30 years. In the process he gave us a fascinating insight into the business practices of Abdul Taib Mahmud.
They all involve the abuse of power, corruption and the exploitation of the people and environment of Sarawak. Our interviewee, who has done years of business with the Mahmud family, told us he believes that Taib is probably the richest man in South East Asia, having cashed in the Sarawak Rainforest.
He got nothing of course!
Timber Licences– The Ministry of Forests issues timber licences for 5, 10, 15 years. It is the Chief Minister who decides the price and he demands money to issue them.
Cronies who deal with the Chief Minister are instructed to pay their bribes and kickbacks into foreign bank accounts outside of Sarawak, often in Hong Kong or Singapore in the early days.
The informant told us that, because the timber companies declare so little profit, very little tax is paid and hardly any of the money made from felling the trees came back into Sarawak.
Income Stream 2
Taib has admitted he "started daughter Jamilah up in business". CAN$4.5 million was invested in the first year into Sakto alone.
Tonnage- On top of this, our informant told us, he charges the timber company a kickback of RM100 per ton of wood they log. This alone is worth RM2 billion a year, since for the last 30 years around 20 million tons have been felled each year.
Extending Timber Licences – Companies wanting to be listed on the Stock Exchange have a requirement that the expiry date for their assigned areas has to be at least 15 years, meaning they have to extend their licences.
They go to the CM who says “Ok can you see my brother Onn” [in the earlier period Onn managed Taib’s businesses in Sarawak and abroad].
Sakto in Canada is worth hundreds of millions of dollars
Because the requirement by the KL Stock Exchange was 30% Bumi Shareholders the timber tycoon would invite a Taib family member of Taib’s choice to take these 30% of the shares for free!
But these family members are usually nominees – they sign a blank share transfer form and a blank director resignation form, which Taib takes and keeps in his safe or in the foreign bank’s safe deposit box. In this way Taib can make them resign whenever he likes and keeps ultimate ownership of the shares!
Lucrative monopoly over shipping licences meant Taibs could squeeze the Japanese shipping firms.
Achipelago Shipping- Using their control over the monopoly over timber export licences, handled by Onn Mahmud’s company Achipelago, the Mahmuds charged US$ 4.00 per cubic metre in kickbacks from the Japanese shipping companies.
Since 16 million cubic meters were exported most years, this was worth US$64 million a year (RM200,000,000).
Another insider has explained to us the system. The logs would be weighed going onto the ships and every ship’s tally would be recorded and sent to Onn Mahmud’s office manager in Hong Kong, who was Mr Shea Kin Kwok.
The Japanese shipping companies would pay the money into one of around six companies in Hong Kong. In 2007 the Japanese tax authorities fined a number of companies for undeclared tax on some of these payments to the Taibs.
Grandiose - one of Sakto's sister companies, Ridgeford, has a string of properties in London
Achipelago Shipping (2)- Agency fees from the shipping company. Achipelago had the monopoly of all documentation for shipping. One shipment would have to pay US$2,000 in agency fees plus other charges.
It would amount to US$10,000 (RM30,000) per ship per visit. All this of course just added to the cost to the buyers in Japan.
Onn Mahmud was only a nominee in this enterprise, we are told. Taib would give him 10%. The insiders say that Achipelago Shipping was the major ‘cash-cow’ for the Taibs. Onn had not wanted to take on the job of managing it at first, as he did not understand the potential, but in the end and it made the family billions in black money.
Development? What development?
Privatisation of Government Companies- Taib corporatizes and then privatises state assets, selling them off to public listed companies, which are in fact majority-owned by the Taib family and nominees. Sarawak’s largest company CMS was formed in this way, it is mainly owned by Taib’s family and the Chief Managers are his son Abu Bekir and son-in-law Alwee Alsree.
According to our insider, the method is to pretend the state asset is losing money and decide to sell it. Before privatisation money is poured into up-grading the facilities and then it is corporatized. Then finally, it is ‘privatised’. He will make an offer from eg CMS to buy it and the negotiations all go on behind closed doors, where he represents the State of Sarawak as Finance Minister.
Taib makes a big play at the closing stages of the negotiations, when there is a meeting to make the final decision. He excuses himself on the grounds that he has an interest and leaves the meeting to be chaired by Jabu or George Chan, who waves it through.
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Comments (13)
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written by alpha1, April 15, 2011 14:21:56
written by alpha1, April 15, 2011 14:21:56
By ROBBING the poor sarawakians! Make this white hair pirate pay for his dues tomorrow! Kick him and his corrupted regime out of Sarawak! Let the opposition rule and send this pirate to jail!! Vote wisely!! 
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written by BukitBeruntung, April 15, 2011 12:37:59
written by BukitBeruntung, April 15, 2011 12:37:59
Well, you can't help thinking, we may have found our very own, successful beyond our wildest dream, "self-made" super bumi entrepreneur. The kind where Anak Kutty, Perkasa and UMNO ilks would be most proud of. 
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written by lakian, April 15, 2011 11:58:12
written by lakian, April 15, 2011 11:58:12
since he is the cm,finance resourse and planing minister,associated chairman with stidc,harwood,sfc,bda,sacra,and etc etc
in fact sarawak is one man cabinet.simply taib is the king,the rajah of sarawak.
he wants to create his taib empire in sarawak.compare to our pm,najib is nobody.
our then pm strong man dr mahatir couldn't touch him even.
the only way to get him off is the people power.
people of sarawak,vote for your children,your future.
in fact sarawak is one man cabinet.simply taib is the king,the rajah of sarawak.
he wants to create his taib empire in sarawak.compare to our pm,najib is nobody.
our then pm strong man dr mahatir couldn't touch him even.
the only way to get him off is the people power.
people of sarawak,vote for your children,your future.
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written by pixieface, April 15, 2011 11:09:38
written by pixieface, April 15, 2011 11:09:38
Sarawakians,
WHAT MORE PROOF IS NEEDED !!!!!!!!!!!!!!
VOTE BN OUT. FOR THE SAKE OF YOURSELVES AND YOUR FUTURE GENERATIONS.
DO IT NOW, WHAT MORE EVIDENCE DO YOU NEED.
I AM DISGUSTED OF THE CHINESE LADIES IN THE VIDEO EXPOSE'.
HEY, YOU PEOPLE OUT THERE, TAKE TAKE THE MONEY BUT VOTE THEM OUT.
IT'S NOT THEIR MONEY, IT'S YOUR MONEY. THE TAXES RAKYAT PAY.
DON'T SELL YOUR SOULS FOR A FEW MEASLY DOLLARS AND A LIFETIME OF MISERY.
KICK PEK MOI, OUT FOR GOOD, AND UBAH UBAH UBAH !!!!!!!!!!!!!!
ONLY THEN CAN, A NEW CHANGE IN GOVT CAN FREEZE HIS ASSETS WITH INTERNATIONAL HELP.
DON'T LET THE FOREST BE BOTAK, A DESERT LAND.
IT WILL BE TOO LATE. TOO LATE. TOO LATE !!!!!!!!!!!!!!!!!!!!!!!!!
YOUNG VOTERS, TELL YOUR NENEK, TOK TOK, MOTHER, FATHER, EVERY RELATIVE TO VOTE
BN AND PEK MOI OUT.
WE IN WEST MALAYSIA ARE COUNTING ON YOU.
LET' s CREATE A TSUNAMI THAT WILL SWEEP ALL THEM B..TARDS TO KINGDOM COME.
PEK MOH AND SARAWAK B END WILL FALL LIKE THE BERLIN WALL TOMORROW.
WHAT MORE PROOF IS NEEDED !!!!!!!!!!!!!!
VOTE BN OUT. FOR THE SAKE OF YOURSELVES AND YOUR FUTURE GENERATIONS.
DO IT NOW, WHAT MORE EVIDENCE DO YOU NEED.
I AM DISGUSTED OF THE CHINESE LADIES IN THE VIDEO EXPOSE'.
HEY, YOU PEOPLE OUT THERE, TAKE TAKE THE MONEY BUT VOTE THEM OUT.
IT'S NOT THEIR MONEY, IT'S YOUR MONEY. THE TAXES RAKYAT PAY.
DON'T SELL YOUR SOULS FOR A FEW MEASLY DOLLARS AND A LIFETIME OF MISERY.
KICK PEK MOI, OUT FOR GOOD, AND UBAH UBAH UBAH !!!!!!!!!!!!!!
ONLY THEN CAN, A NEW CHANGE IN GOVT CAN FREEZE HIS ASSETS WITH INTERNATIONAL HELP.
DON'T LET THE FOREST BE BOTAK, A DESERT LAND.
IT WILL BE TOO LATE. TOO LATE. TOO LATE !!!!!!!!!!!!!!!!!!!!!!!!!
YOUNG VOTERS, TELL YOUR NENEK, TOK TOK, MOTHER, FATHER, EVERY RELATIVE TO VOTE
BN AND PEK MOI OUT.
WE IN WEST MALAYSIA ARE COUNTING ON YOU.
LET' s CREATE A TSUNAMI THAT WILL SWEEP ALL THEM B..TARDS TO KINGDOM COME.
PEK MOH AND SARAWAK B END WILL FALL LIKE THE BERLIN WALL TOMORROW.
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written by sang kancil, April 15, 2011 11:07:31
written by sang kancil, April 15, 2011 11:07:31
True Sarawakians MUST send TM, his families and cronies off the shores of Sarawak, one and for all.
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written by JEFFLIM118, April 15, 2011 10:08:13
written by JEFFLIM118, April 15, 2011 10:08:13
Even with 10% true of the informant details, you Sarawakians, are you going to keep this blood sucker for another 2 years. If you do, I think you are not fit to live in this world anymore.
For goodness sake, Sarawakians, wake up with courage & boldness, to use your precious holy vote to make a change for your beloved state of Sarawak & your generations.
I am so sick to see why there are so many blinded & deaf people who are still supporting these basturds who abused their power entrusted to them by the Rakyats.
Dear Sarawakians, relate to everyone whom you know to make this change when you cats your votes tomorrow.
May God grant you courage and boldness for His kingdom of Just & Prosperity to be established in your land of Sarawak.
For goodness sake, Sarawakians, wake up with courage & boldness, to use your precious holy vote to make a change for your beloved state of Sarawak & your generations.
I am so sick to see why there are so many blinded & deaf people who are still supporting these basturds who abused their power entrusted to them by the Rakyats.
Dear Sarawakians, relate to everyone whom you know to make this change when you cats your votes tomorrow.
May God grant you courage and boldness for His kingdom of Just & Prosperity to be established in your land of Sarawak.
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written by NottyMaus, April 15, 2011 10:01:30
written by NottyMaus, April 15, 2011 10:01:30
SNAP !!!!!
SNAP, please unify with PR ! Withdraw your 3rd corner candidates ! Won't you please listen ?
I'm like flogging a dead-horse here !
SNAP, please unify with PR ! Withdraw your 3rd corner candidates ! Won't you please listen ?
I'm like flogging a dead-horse here !
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- +29
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written by NottyMaus, April 15, 2011 09:58:17
written by NottyMaus, April 15, 2011 09:58:17
Hello People of Sarawak !
Denying Sarawak-BN 2/3 majority is not enough !
The Sarawak Dewan Undangan Speaker Monkey will make clowns of understrength Pakatan Rayat aDUNs !
SNAP, please unify with PR ! Withdraw your 3rd corner candidates ! Won't you please listen ?
I'm like flogging a dead-horse here !
Denying Sarawak-BN 2/3 majority is not enough !
The Sarawak Dewan Undangan Speaker Monkey will make clowns of understrength Pakatan Rayat aDUNs !
SNAP, please unify with PR ! Withdraw your 3rd corner candidates ! Won't you please listen ?
I'm like flogging a dead-horse here !
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written by Kaneeneh, April 15, 2011 09:58:12
written by Kaneeneh, April 15, 2011 09:58:12
We are looking forward to send him off on Sunday. Then after that we will attend his funeral, soon.
This is a man his Maker can't wait to get back.
This is a man his Maker can't wait to get back.
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written by Tohoen, April 15, 2011 09:41:26
written by Tohoen, April 15, 2011 09:41:26
With these kinds of evidences, they would have kicked off a mass investigation in other nations. But in the BolehLand, the PM, Taib, UMNOputras along with their boys and girls in MCA, MIC, Gerakan dan lain-lain seem to get away with it.
We see ex-presidents of South Korea, Israel, ex-PM of Taiwan etc. charged in courts and convicted but in Bolehland, they go for the whistle-blowers! A child-rapist was let off the hook and LGE goes to jail instead! In another case when they charge Rahim Tambichik for corruption in the Malacca Sessions Court, I was in court. The then AG, Dato Mokhtar Abdullah led the prosecution team and Dato Putuchery represented Rahim. After the case was mentioned and the Sessions judge gave another mention date, Dato Mokhtar approached Dato Putuchery and advised: "Just ask your client to plead guilty, this is an open & shut case." He was so damn sure of a conviction but months later, the same AG made a press statement to say that they had to withdraw the case as they do not have enough evidence to proceed. I think Mamak Kutty instructed AG to withdraw because Mamak Kutty was then facing opposition within UMNO and he needed as many supporters as possible.
So you see, in Bolehland, the guilty and aggressors can be painted as the good guys and victims and the good guys is taught a lesson and charged in court. E.g. are LGE, Datok Ramli of CCID and the latter's lawyer!
Now Taib seem to be getting away with all these robbery and he even have the guts to stand for election because "he wants to continue to serve."
Sarawakians, this is a last minute advice. You can make a difference tomorrow at the polling station. Vote out the UMNO dominated BN government, get rid of all these thieves and corrupted leaders and put in place leaders who are servants to the people, who fights corruption and attend to the needs of the people especially the poor and marginalized!
You Sarawakians can do it. Don't miss this opportunity. Seize it and make a difference! Do not be afraid or discouraged, God will be with you as long as you do the right thing in His eye!
We see ex-presidents of South Korea, Israel, ex-PM of Taiwan etc. charged in courts and convicted but in Bolehland, they go for the whistle-blowers! A child-rapist was let off the hook and LGE goes to jail instead! In another case when they charge Rahim Tambichik for corruption in the Malacca Sessions Court, I was in court. The then AG, Dato Mokhtar Abdullah led the prosecution team and Dato Putuchery represented Rahim. After the case was mentioned and the Sessions judge gave another mention date, Dato Mokhtar approached Dato Putuchery and advised: "Just ask your client to plead guilty, this is an open & shut case." He was so damn sure of a conviction but months later, the same AG made a press statement to say that they had to withdraw the case as they do not have enough evidence to proceed. I think Mamak Kutty instructed AG to withdraw because Mamak Kutty was then facing opposition within UMNO and he needed as many supporters as possible.
So you see, in Bolehland, the guilty and aggressors can be painted as the good guys and victims and the good guys is taught a lesson and charged in court. E.g. are LGE, Datok Ramli of CCID and the latter's lawyer!
Now Taib seem to be getting away with all these robbery and he even have the guts to stand for election because "he wants to continue to serve."
Sarawakians, this is a last minute advice. You can make a difference tomorrow at the polling station. Vote out the UMNO dominated BN government, get rid of all these thieves and corrupted leaders and put in place leaders who are servants to the people, who fights corruption and attend to the needs of the people especially the poor and marginalized!
You Sarawakians can do it. Don't miss this opportunity. Seize it and make a difference! Do not be afraid or discouraged, God will be with you as long as you do the right thing in His eye!
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