Share to help stimulate good governance, ensure future of people & M’sia
No News Is Bad News
Facebook image for illustration only
73 reasons why Dr M and Daim are alleged common criminals
KUALA LUMPUR, Jan 26, 2024: There are 73 reasons why the racist Dr Mahathir Mohamad (Dr M) and his trusted lieutenant, former finance minister Daim Zainuddin, are alleged alleged common criminals.
And, Marina Yusof in a 1987 letter to Dr M complained about how Daim allegedly stole Malaysia’s national assets.
No News Is Bad News reproduces two recent postings on the above:
The Coverage/News/Tun M & Daim Must Be Reduced To Common Criminals – Looting, Scamming & Stealing Billions From The National Coffers
Tun M & Daim Must Be Reduced To Common Criminals – Looting, Scamming & Stealing Billions From The National Coffers
25 January, 2024
The tales of what our Malay political leaders have done in the name of government, race, religion and the getting of obnoxious personal wealth for themselves, would make those who seek to find the truth of what really has happened during the times that we are now living in, wonder what is truth and what is fiction.
Are they expected to believe that a prime minister will engage in looting, scamming and stealing billions from the national coffers to enrich his children and himself?
Are they expected to believe that that same prime minister, will appoint a finance minister who will aid and abet that prime minister to engage in looting, scamming and stealing billions from the national coffers to enrich his children and himself, while doing the same for himself?
Are they expected to believe that the prime minister, the finance minister, his ministers and the powers that be in government are all engage in looting, scamming and stealing billions from the national coffers on an industrial scale that has never been seen before ……ever?
All this looting, scamming and stealing of billions were done not for one or two years, not for one of two decades, but for a time long enough to cause our people, our nation and our future great harm, sufferings and misery that cannot be simply explained by that immortal line “GREED IS GOOD” because that quote from Wall Street seemed inadequate when seen in the light of what has been done by Mahathir, Daim, Najib to name a few, during their time in and out of public office.
The following lists will serve as a reminder to us all of what these bastards have done in the name of government and why those immortal lines uttered in the film Wall Street, “GREED IS GOOD” is totally inadequate to describe what these bastards have done to satisfy their own greed – because their greed has left our people, our nation and our future in tatters.
LIST OF CORRUPTION IN MALAYSIA :
1. PKFZ RM12 billion
2. Submarine Commission RM500 million
3. Sime Darby RM964 million
4. Paya Indah Wetlands RM88 million
5. Pos Malaysia (Transmile) RM230 million lost
6. Eurocopter deal RM1 billion wasted
7. Terengganu Stadium collapse RM292 million
8. MRR2 repair cost RM70 million
9. Maybank overpaid BII RM4 billion
10. Tourism – NYY kickback RM10 million
11. 3 paintings bought by MAS RM1.5 million
12. Overpayment by Sports Ministry RM8.4 million
13. London’s white elephant sports complex RM70 million
14. MATRADE repairs RM120 million
15. Cost of new plane used by PM RM200 million
16. InventQ irrecoverable debt RM228 million
17. Compensation for killing crooked bridge RM257 million
18. Loss in selling Augusta RM 510 million
19. Worth of APs given out in a year RM1.8 billion
20. Submarines (future Muzium Negara artifacts) RM4.1 billion
21. PSC Naval dockyard RM6.75 billion
22. The Bank Bumiputra twin scandals in the early 1980s saw US$1 billion losses (RM3.2 billion in 2008)
23. The Maminco attempt to corner the World Tin Market in the 1980s is believed to have cost some US$500 million (RM1.6 billion)
24. Betting in foreign exchange futures cost Bank Negara Malaysia RM30 billion in the 1990s
25. Perwaja Steel’s US$800 million (RM2.56 billion) losses
26. Use of RM10 billion public funds in the Valuecap Sdn Bhd operation to shore up the stock market
27. Banking scandal of RM700 million losses in Bank Islam
28. The sale of M.V. Agusta by Proton for one Euro making a loss of €75.99 million (RM348 million) Same as No.18.
29. Wang Ehsan from oil royalty on Terengganu RM7.4 billion from 2004 – 2007
30. For the past 10 years since Petronas Philharmonic Orchestra was established, this orchestra has swallowed a total of RM500 million. Hiring a Kwai-Lo CEO with a salary of more than RM1 million per annum!
31. In Advisors Fees, Mahathir was paid RM180,000, Shahrizat Abdul RM404,726 and Abdul Hamid Othman (religious) RM549,675 per annum
(My comments : Dr Mahathir the cleverest of the entire lot was paid the least. Hamid Othman the stupidest dumb ass ever was paid the highest – by Slumberjack.)
32. The government has spent a total of RM3.2 billion in teaching Maths and Science in English over the past five years. (Wow ??)
Of the amount, the government paid a whopping RM2.21 billion for the purchase of information and computer technology (ICT) equipment which it is unable to give a breakdown.
Government paid more than RM6,000 per notebook vs per market price of less than RM3,000 through some new consortiums that was setup just to transact the notebook deal. There was no Maths and Science Content for the teachers and the notebooks are all with the teachers’ children now.
33. The commission paid for purchase of jets and submarines to two private companies – Perimeker Sdn Bhd and I_T Defence Sdn Bhd amounted to RM910 million. Expanding on No. 2.
37. RM300 million to compensate Gerbang Perdana for the RM1.1 billion “Crooked Scenic Half-Bridge”
38. RM1.3 billion has been wasted building the white elephant Customs, Immigration and Quarantine (CIQ) facilities on cancellation of the Malaysia-Singapore Scenic Bridge
39. RM100 million on renovation of Parliament building which leaks
40. National Astronaut (actually tourist) Programme – RM70 million
41. National Service Training Programme – yearly an estimate of RM 500 million
42. Eye of Malaysia – RM30 million and another RM5.7 million of free tickets
43. RM2.4 million on indelible ink.
44. Samy Vellu announced in September 2006 that the government paid compensation amounting to RM38.5 billion to 20 highway companies. RM380 million windfalls for 9 toll concessionaires earned solely from the toll hike in 2008 alone
45. RM32 million timber export kickbacks involving companies connected to Sarawak Chief M___ster and his family.
46. Two bailouts of Malaysia Airline System RM7.9 billion. At a time when MAS is incurring losses every year, RM1.55 million used to buy three paintings to decorate its Chairman’s office. Expanding on No.11
47. Putra transport system bailout which cost RM4.486 billion.
48. STAR-LRT bailout costing RM3.256 billion.
49. National Sewerage System bailout costing RM192.54 million.
50. Seremban-Port Dickson Highway bailout costing RM142 million
51. Kuching Prison bailout costing RM135 million
52. Kajian Makanan dan Gunaan Orang Islam bailout costing RM8.3 million
53. Le Tour de Langkawi bailout costing RM3.5 Million
54. Wholesale distribution of tens of millions of shares in Bursa Malaysia under the guise of NEP to cronies, children and relatives of BN leaders and ministers worth billions of ringgit.
55. Alienation of tens of thousands of hectares of commercial lands and forestry concessions to children and relatives of BN leaders and Ministers worth tens of billions of ringgits.
56. Since 1997, Petronas has handed out a staggering RM30 billion in natural gas subsidies to IPPs who were reaping huge profits. In addition, there were much wastages and forward trading of Petronas oil in the 1990s based on the low price of oil then. Since the accounts of Petronas are for the eyes of the Prime Minister only, we have absolutely no idea of the amount.
57. RM5,700 for a car jack worth only RM50
58. Government-owned vehicle consumed a tank of petrol worth RM113 within a few minutes
59 A pole platform that cost RM990 was bought for RM30,000
60. A thumb drive that cost RM90 was bought for RM480
61. A cabinet that cost RM1,500 was bought for RM13,500
62. A flashlight that cost RM35 was bought for RM143
63. Expenses for 1Malaysia campaign paid to APCO?
64. RM17 billion subsidy to IPP
65. US$24 million Diamond Ring for Ro$_ah – Cancellation of Order – how much compensation ?
66. CowGate . . . RM250 Million
67. Monsoon Cup . . . RM800 million per year
68. Illicit Fund Transfers out of Malaysia ( 2000 – 2009) : RM 1,077,000,000,000!
69. Taj__in-Danaharta settlement
70. Billions of ringgit toll concessions that disadvantage the government and taxpayers”
71. With 1MDB RM42 billion missing.
72. MAIKA 120,000,000 SHARES IN TELEKOM
73. ABU SAYYAP TERRORIST 12 MILLION DOLLARS.
BUT for these bastards, and for as long as there is life within them, retribution will come. Or should I say, for some of them, retribution has come!
If truth is to be told, what our PMX is now doing, in going after the perpetrators and traitors that has caused our nation and our people great harm and misery, is not enough. I do not want to just be witness to the trials and tribulations of these bastards. I do not just want to see the wheels of justice slowly turn and mete out punishment and just desserts to these bastards. Nor do I want to see them just found guilty and, after years of appeals after appeals, finally jailed. No sir, none of this is enough punishment for these bastards.
I want to see them being led to court dressed in orange, handcuffed and paraded for the public to see on every day of their trial. I want their time in court, in the docks, to be screened live for the public to see. I want every question put to them by the prosecution, every answer that they, or their lawyers make to those questions, be seen by every Malaysians. All their trials and tribulations we want to witness because only by so doing, can the healing start. Only by seeing these bastards on trial and seeing them reduced to being common criminals can our people begin to believe that good will prevail over evil. That in the final analysis, justice will prevail…..and then maybe, our people will start to believe that there is, after all, ALLAH ….GOD….or whatever you may call that divine being, that is watching over all of us, to ensure that good, will eventually triumph, over evil.
Enough said.
Source : Hussein Hamid
The Coverage/News/Marina Yusof 1987 Letter To Tun M About Daim – How Daim Stole Our National Assets
Marina Yusof 1987 Letter To Tun M About Daim – How Daim Stole Our National Assets
26 January, 2024
Before sharing an old 1987 letter from Marina Yusof to Dr Mahathir, it would be useful to share a little bit of background of her for the benefit of the laser circumsized generation.
The story from the past still beseiging Malaysian politics and dragging the country back is sickening. Unfortunately the country seemed not able to move on till the demise of older generation of leaders. The bad blood need to be let out.
However, another problem is the new generation have not stepped up to the plate. Still expecting a free passage which will not happen. In the same rhetoric of meritocrasy they once preached, do earn their merit badge and place.
Those given chances still not grasp the essence of leadership. Still lost in their childish tantrum despite reaching the mature age of 40 to 50.
Back to introducing Marina, she is a former magistrate, Deputy Public Prosecutor, and an early Malay woman entrepreneeur who built Marinara but sailang-ed by Mahathir.
She was a shining star and potential competition to Rafidah Aziz in UMNO.
Marina was part of team B faction that took on Mahathir and led by Tengku Razaleigh faction. Her Wikipedia link is here. The book she wrote is available here and gives a history of her struggle against Mahathir and Daim.
This was before the attempt by Anwar in later years that culminated into Adil and later PKR. Anwar sided with Mahathir.
When UMNO was dissolved, they registered another UMNO first but ROC delayed the registeration to allow Mahathir to register. Ku Li, Marina and the faction went on to establish Parti Melayu Semangat 46.
The social media is viraling Marina’s old letter below (in Malay):
Surat yg ditulis oleh Ahli Majlis Tertinggi UMNO, Hajjah Marinah Yusoff kpd PM pada 14/4/1987
—————————-
14 April 1987
YAB Dato ‘Seri Mahathir Mohamed,
Presiden UMNO Malaysia,
Ibu Pejabat UMNO
Tingkat 38, Menara Dato ‘Onn,
Jalan Tun Ismail,
Kuala Lumpur
Dato ‘Seri
FLEET HOLDINGS SDN BHD
Bagi pihak ahli-ahli UMNO yang telah memilih saya ke Majlis Tertinggi UMNO, izinkan saya menyampaikan kepada anda beberapa perkara mengenai Syarikat-syarikat yang dimiliki oleh UMNO bernama FLEET HOLDINGS SND BHD. Oleh kerana saya tidak berjaya melihat anda walaupun saya telah mencuba beberapa kali sejak November 1986, saya terpaksa berkomunikasi melalui surat.
Beberapa tahun yang lalu saya dilantik bersama dengan YB Dato ‘Rais Yatim dalam Jawatankuasa Aset UMNO. Kami dilantik untuk menyiasat dan menyenaraikan semua Aset UMNO. Beberapa soalan dikemukakan kepada anda yang hingga kini belum mendapat jawapan.
Fleet Holdings Sdn Bhd ditubuhkan pada tahun 1972 oleh YBM Tengku Razaleigh Hamzah sebagai Bendahari UMNO atas arahan Tun Abdul Razak (almarhum). Syarikat ini ditubuhkan dan dimulakan dengan wang Tengku Razaleigh sendiri dan ditadbir dengan baik dan bijak. Tujuan asalnya adalah untuk mengambil alih kawalan surat khabar tempatan yang dikendalikan oleh orang asing baik dari segi pengurusan dan modal. Fleet Holdings diarahkan untuk mengawal Kumpulan New Straits Times Press (M) Bhd menjadi kumpulan akhbar utama terbesar di negara ini.
Fleet Holdings mula bergerak maju, mengendalikan dan mengambil alih Straits Times Press (M) Group dan menyebar ke bidang perbankan, insurans, penyewaan, penyewaan kereta, komunikasi, penggambaran dan lain-lain.
Semasa YBM Tengku Razaleigh menyerahkan kawalan Fleet Holdings Sdn Bhd kepada YB Encik Daim Zainuddin pada tahun 1983 nilai harta tanah dan saham dalam Fleet Holdings berjumlah lebih daripada $ 500 juta dengan hutang hanya $ 56 juta. Tetapi hari ini hutang Fleet Holdings dan anak syarikatnya melebihi $ 448 juta. Kami diberitahu hari ini bahawa ia tidak dapat memenuhi faedahnya $ 3 juta sebulan. Kemungkinan besar hutang besar itu tidak dapat dilunaskan. Kami ahli-ahli UMNO memandang serius bahawa Syarikat-syarikat ini akan dikendalikan oleh kepentingan asing akhirnya.
Seperti yang anda sedia maklum Straits Times Press (M) Bhd telah disenaraikan di Bursa Saham Kuala Lumpur dan Singapura dan pada tahun 1974 namanya ditukar menjadi New Straits Times Press (M) Bhd. Fleet Holdings membayar $ 32 juta untuk mengawal 80 sen Straits Times Press (M) Bhd dengan pinjaman dari Bank Bumiputra. Selepas itu Fleet Holdings menjual 25 peratus sahamnya untuk membayar sebahagian hutang.
Selain Fleet Communications, semua anak syarikat Fleet Holdings menunjukkan keuntungan. New Straits Times Bhd menunjukkan keuntungan RM43 juta dari modal berbayar $ 21 juta pada tahun 1983. Semasa Encik Daim dan rakan-rakannya mengambil alih pada awal 1983 mereka mengubah gaya minat perniagaan. Mereka menutup dan menjual beberapa syarikat sambil membeli beberapa syarikat lain termasuk yang berkaitan dengan YB Encik Daim sendiri.
1 FABER MERLIN
Kami mempunyai keraguan terhadap pembelian saham Faber Merlin dengan harga tinggi. Untuk memudahkan pembelian ini, sebilangan saham NST ditarik balik dari Bank Bumiputra dan dicaj semula ke Malayan Banking dan Overseas Union Bank. Sebilangan lagi saham NST dikenakan kepada Malayan Banking untuk mendapatkan pinjaman sebanyak $ 90 juta.
Pembelian saham Faber Merlin dibuat melalui firma broker Rashid Hussain di Kuala Lumpur, Thong dan Oh di Pulau Pinang dan Kay Hin Securities di Singapura atas nama Citivest Sdn Bhd. Kami telah dimaklumkan bahawa saham yang dibeli oleh Fleet Holdings Sdn Bhd adalah saham yang dimiliki oleh YB Encik Daim dan rakan-rakannya. YB Encik Daim dan rakan-rakannya secara peribadi memaklumkan bahawa harga jualan kepada Fleet Holdings Sdn Bhd adalah $ 3.00 sesaham. Hasilnya ialah YB Encik Daim dan rakan-rakannya memperoleh keuntungan tidak kurang dari $ 50 juta.
Perincian penjualan saham ini boleh didapati dari syarikat yang dinyatakan di atas. Kredibiliti salah satu broker di atas menjadi dipersoalkan apabila salah satu rakan kongsi Kay Hin Securities, Mr Peh, pasportnya dirampas oleh Pemerintah Singapura.
2 TAMAN BUKIT MALURI
Setelah Fleet Holdings menguasai Faber Merlin, YB Encik Daim dan rakan-rakannya mengarahkan Faber Merlin untuk membeli tanah milik Bukit Maluri Sdn Bhd dengan harga $ 86 juta. Sebelum itu Encik Daim telah membeli tanah ini dari Syarikat Permodalan Kebangsaan (SPK) dengan harga $ 16 juta. Ini bermaksud bahawa YB Encik Daim dan rakan-rakannya memperoleh keuntungan tidak kurang dari $ 70 juta.
3. DAZA SDN BHD
Satu lagi kerugian bagi kami adalah hasil rundingan YB Mr Daim dan rakan-rakannya dengan Straits Times Singapore untuk pembelian 25 peratus New Straits Times. Dia membeli saham ini bukan untuk Fleet tetapi untuk dirinya sendiri dan rakan-rakannya, melalui syarikatnya yang bernama DAZA Sdn Bhd dengan pinjaman $ 58 juta dari Union Bank of Switzerland. Selepas itu YB Encik Daim mengarahkan Faber Merlin untuk membeli saham tersebut dengan harga $ 136 juta. Oleh itu, YB Encik Daim dan rakan-rakannya memperoleh keuntungan sebanyak $ 80 juta. Malangnya Faber Merlin hanya mampu membayar $ 34 juta sebagai deposit. Oleh kerana harga yang ditetapkan oleh YB Encik Daim dan rakan-rakannya terlalu tinggi dan tidak wajar Faber Merlin gagal mendapatkan dana yang mencukupi untuk membayar baki. Akibatnya Faber Merlin diberikan 5 peratus saham dan baki l20 peratus kekal di Daza Sdn Bhd. Jelas bahawa penjualan hanya 5 peratus saham New Straits Times Press kepada Faber Merlin tidak mencukupi. untuk membayar pinjaman $ 57 juta dari Union Bank of Switzerland yang diberikan kepada Daza Sdn Bhd. Untuk mengatasi masalah Daza Sdn Bhd dan YB Encik Daim dan rakan-rakannya, Fleet Holdings terpaksa membeli Daza Sdn Bhd dengan harga $ 1 juta. Pada pandangan pertama harganya murah, tetapi sebenarnya dengan pembelian Fleet Holdings terpaksa menanggung hutang Daza Sdn Bhd berjumlah $ 120 juta.
4 PROJEK PERSATUAN BHD
YB Encik Daim dan rakan-rakannya berjaya menjual United Estates Project Berhad kepada Sime Darby. Sebelum syarikat ini diambil alih oleh Sime Darby YB bersama rakan-rakannya mengarahkan Faber Merlin untuk membeli Subang View Hotel dengan harga $ 56 juta dan ia dibayar dengan pertukaran $ 36 juta saham Faber Merlin bernilai $ 1.60 setiap satu. Kos pembinaan Hotel hanya $ 26 juta. Ini bermaksud Encik Daim dan rakan-rakannya memperoleh keuntungan tidak kurang dari $ 30 juta.
Pendapatan Fleet Holdings adalah dari dividen anak syarikatnya. Oleh kerana semua anak syarikat, selain New Straits Times, mengalami kerugian, pendapatan mereka terjejas. Fleet Holdings gagal membayar balik pinjaman yang diambil dari Malayan Banking, Overseas Union Bank dan Bank Bumiputra. Daza Sdn Bhd juga gagal membayar faedah dan pinjaman pokok dari Union Bank of Switzerland (UBS). Hasilnya, Overseas Union Bank dan Malayan Banking Berhad adalah institusi yang benar-benar menguasai saham New Straits Times (M) Bhd dan anak syarikatnya termasuk TV3 hari ini.
Apakah hasil tindakan YB Encik Daim dan rakan-rakannya terhadap nasib syarikat milik UMNO, iaitu Fleet Holdings? Dianggarkan bahawa Encik Daim dan rakan-rakannya memperoleh keuntungan bersih lebih dari $ 200 juta dari manipulasi dan transaksi ini. Malangnya Fleet Holdings dan Faber Merlin menghadapi kerugian besar. Tidak ada cara lain untuk Fleet Holdings untuk mengurangkan hutangnya kecuali menjual sebahagian daripada saham NSTnya. Kini saham Fleet Holdings di NST hanya 50.3 peratus daripada 55 peratus yang dimiliki sebelumnya.
5. TV3
Baru-baru ini, seperti yang diumumkan oleh YAB Datuk Seri, New Straits Times telah diarahkan untuk membeli saham Malaysian Television Sistem Berhad yang dipegang oleh Utusan, Fleet Group dan Syed Kechik Holdings dengan harga $ 77 juta. Tidak cukup dengan pembelian ini, New Straits Times telah diarahkan untuk membeli saham Bank of Commerce dan American Malayan Insurance yang dimiliki oleh Fleet Holdings. Untuk memudahkan pembelian saham New Straits Times telah meminjam dari bank tempatan. Sepanjang kewujudannya New Straits Times tidak pernah meminjam. Hasil daripada pinjaman dan pengurangan keuntungan ini selama tiga tahun terakhir, kami bimbang New Straits Times akan menghadapi nasib yang sama seperti Fleet Holdings.
Bersama dengan surat ini saya melampirkan senarai hutang Fleet Holdings Group untuk pertimbangan anda.
Jelas bahawa bank-bank yang memegang saham New Straits Times yang dikenakan sebagai jaminan untuk pinjaman yang disenaraikan di atas, dapat dengan segera mengambil alih kawalan Kumpulan New Straits Times Malaysia Berhad dan UMNO akan kehilangan pegangan terhadap syarikat-syarikat di atas.
6. DAAN DAN DANI
Kami juga ingin menyatakan di sini bahawa Daan dan Dani (syarikat milik YB Mr Daim) juga memiliki 2.5 juta saham di TV3. Sekiranya ini berlaku apabila TV3 seharusnya dimiliki oleh UMNO melalui Fleet Holdings dan bukan oleh individu?
Dengan betul YAB Dato Seri harus mengambil tindakan segera dan tegas sebelum menjadi lebih teruk. Malangnya anda telah cuba menyembunyikan perkara ini dengan mengatakan bahawa ia adalah “rahsia”. Sekali lagi kita ulangi, sekiranya YAB Dato ‘Seri tidak mengambil tindakan segera dan tegas untuk membetulkan perkara tersebut, kemungkinan besar Fleet Holdings Sdn Bhd dan anak syarikatnya akan dimiliki oleh kuasa asing. Ini bertentangan dengan dasar UMNO.
Dengan penuh kerendahan hati, kami meminta tindakan segera, positif dan bermakna diambil agar imej UMNO dan kepentingan bangsa Melayu tidak dijadikan barang dagangan oleh keperibadian tertentu dalam UMNO.
Salam.
Yang ikhlas
Hajjah Marina Yusoff
Catatan: Angka $ dalam surat ini merujuk kepada dolar Malaysia.
Mahathir and Daim dissolved UMNO in order to avoid an UMNO reelection. The court was to decide on Tengku Razaleigh’s favour and proved Mahathir cheated. So they opted for the poison pill.
It led to the judicial crisis of 1988 that had Chief Justice Tun Salleh Abas sacked before he could convene court and make an unfavourable decision to Mahathir on the appeal by Tengku Razaleigh.
Upon dissolving UMNO, and connivingly re-register UMNO, Mahathir and Daim literally stole the UMNO assets.
This episode and the said assets relate to the current lawsuit Halim Saad made against Mahathir and Noor Mohamed Yakcop, and the initial investigation and freezing of asset by MACC against Daim and Halim Saad in 2023.
Halim is merely taking order. The devil is still the “pencuri, penyamun, perompak dan penyangak” Mahathir and Daim.
In fact when Daim recently said, he could be worth RM50 billion today had he not sell to join government, among the shares of company mentioned are part of UMNO stolen assets.
One can visually see the business empire of Robert Kuok said to be worth RM54 billion. What companies and businesses do Daim manage to be so rich?
Not with only Maluri development and known shares of few Banks. If he had businesses secretly, why so secretive?
If Daim had sold his shares then, why should he remain interested to revalue his assets to the current valuation?
Market knows he never sold the shares and was still in control of the companies. He parked it under proxies.
Source : Thick Brick Blogpost
No comments:
Post a Comment