Share to help stimulate good governance, ensure future of people & M’sia
No News Is Bad News
Dr M allegedly stashed RM83b in Taiwan - and its only 10% of his wealth!
KUALA LUMPUR, Nov 7, 2024: The Coverage has posted a slew of news reports damning racist former prime minister Dr Mahathir Mohamad (Dr M) and his crony, former two-time Finance Minister Daim Zainuddin.
It claimed that a former aide of Dr M revealed in a press conference yesterday (Nov 6) that Dr M allegedly stashed RM83 billion in Taiwan - a figure that is only 10% of Dr M’s wealth!
And Taiwan is where he is said to have been receiving his annual supply of Linzhi (fungi) for decades, with the approval of the Taiwan government - not the cultivated Lingzhi but the ones that grow naturally in the mountains of the island.
That appears to be the 98-year-old Dr M’s secret to good health and longevity.
And it is also believed that former national badminton ace Lee Chong Wei was also advised by Dr M’s wife, Siti Hasmah, to seek treatment for cancer in Taiwan.
Lee has since fully recovered after about a year’s treatment in a hospital in Taiwan.
The Lingzhi manufacturer’s showroom office for tourists also have renowned pictures of personalities, including Dr M’s visit to the factory decades ago and Lee, adorning its reception.
For image info on Lingzhi, go https://www.healthline.com/nutrition/reishi-mushroom-benefits
Social media image
No News Is Bad News reproduces below the slew of news reports posted by The Coverage:
Tun Mahathir Stashed RM 83 Billion In Taiwan – This Figure Is Only 10% Of Mahathir Wealth
6 November, 2024
An individual who described himself as a former aide of former prime minister Tun Dr Mahathir Mohamad has alleged that he helped Mahahtir move money totalling RM83 billion overseas from 1982 until 1995.
Abdul Hameed Gula Maiden had held a press conference yesterday where he described himself as working ‘behind the scenes’ for Tun while he was still the prime minister. “I have evidence to show that the ringgit notes in denominations of RM500 and RM1,000 are still stored in Taiwan. We have the list of serial numbers of the banknotes totalling RM83 billion,” he told reporters, China Press reports.
Abdul Hameed added further that during Mahathir’s time in charge of the Finance Ministry, there were three other individual who were in possession of this information.
“The money was printed in London and sent to Taiwan to be held in trust by the CKS Foundation in stages between 1982 and 1995. The money is still there,” he added.
He then presented his documents, to show evidence of 35,980,800 banknotes in RM500 denomination and another 65,417,100 notes in RM1,000 denomination.
“In the past, if we had dared to speak about Mahathir’s ‘sins’, we would have been arrested under the Internal Security Act (ISA). He then hinted that what he revealed at the press conference was merely the tip of the iceberg.
“This is only 10%, another 90% of Mahathir’s wrongdoings I will reveal in due time especially concering the Memali incident,” he hinted before concluding the press conference.
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
Mahathir Squandered From Petronas RM 529 Billion Since 1970s – Bailed Out Mirzan & Mokhzani
31 July, 2024
Federal government in Putrajaya under Mahathir has been treating the oil and gas corporation as a cash cow, especially in bailing out government-linked companies in financial trouble.
Petronas provided the money to build some of former Prime Minister Mahathir Mohamed’s most grandiose projects, including the KL Twin Towers, the Putra Jaya administrative capital and to bring Formula One racing in Malaysia.
Petronas was used to get Malaysia out of an RM31.5 billion forex scandal perpetrated by Mahathir in the early 1990s in which the financier George Soros outfoxed Bank Negara, making billions and earning Mahathir’s eternal antagonism. It paid off US$800 million in losses from Mahathir’s ill-fated Perwaja Steel project. In 1998, it bailed out Mahathir’s eldest son Mirzan, purchasing his Konsortium Perkapalan for RM226 million and assuming debts of more than RM324 million. It also awarded in 2012 a RM700 contract to a firm in which Mahathir’s other son Mokhzani was a vice president.
Petronas has paid out RM529 billion to the government in the form of dividends, taxes, petroleum revenue and export duties.
In 1985, Petronas bailed out Bank Bumiputra with a Rm2.5 billion infusion. In 1991, Petronas shored up the banks’ finances again when it pumped in an additional RM1 billion.
In 1997, Petronas had to rescue the troubled Konsortium Perkapalan Berhad for RM2 billion.
Petronas was made to underwrite the construction of the KLCC Twin Towers for RM6 billion and the construction of Putrajaya for a further RM22 billion.
The bailout and construction of mega projects was done during the premiership of Tun Dr Mahathir Mohamad, who initiated a series of major infrastructure ventures in the 1990s.
“What is sinful and cannot be forgiven is the ease with which the powers that be had been dishing out subsidies to such entities like the national power supplier, the independent power producers and some other non-power outfits,” he said.
During the last few months of Mahathir’s second stint as prime minister, he tried to look at possible ways Petronas could raise funds. One of his ideas was to break up Petronas into smaller business units, the Petronas Chemicals Group, Petronas Carigali, and Petronas Gas, selling equity off to Sabah and Sarawak state governments.
With tourism, air transport, and logistics depressed, national governments, including Malaysia will have to go deeper into deficit financing to pump their respective economies.
This is a dilemma for Petronas which will be under extreme pressure to pay some form of dividend to help the government manage the forthcoming budget. Without help from Petronas, the finance minister will have to canvas a reintroduction of the GST, maybe even at a higher rate than previously, increases of income and corporate tax, and even the introduction of new taxes. The company has been a major contributor to Malaysia’s wealth. However, times are changing where it may not be a dependable lifeline for much longer.
Source : Coconut KL
Source : Malaysiakini
Source : The Star
Najib Reminded Mokhzani Mahathir That He Was A Product Of Nepotism – Become Wealthy From Billions Of Contracts From Petronas
21 March, 2023
Najib Razak hit out at businessman Mokhzani Mahathir for belittling the government aid for the poor, and reminded Mokhzani that he was a product of nepotism.
Najib also questioned Mokhzani’s taste for luxury cars and said Mahathir’s son would not be seen in a Myvi or Proton “which his father loves so much”.
Najib said Mokhzani was lucky to have become wealthy thanks to “billions” of contracts from Petronas, when his father Dr Mahathir Mohamad was premier.
Mokhzani, in a ceramah recently, had said people should not be too pleased with receiving BR1M (1Malaysia Peoples’ Aid) as it was money not earned.
However Najib said Mokhzani had become rich from Petronas contracts given to his company SapuraKencana Petroleum Berhad, so rich that he had 23 luxury cars, including Porsches and a Bugatti.
“When his father was PM, he got billions of Petronas contracts, I know this because I am PM. The Petronas boss and board of directors are appointed by the PM.
“He’s got a Porsche, he has a Bugatti…it is the most expensive sports car in the world, more expensive than a Ferrari… from where? All from SapuraKencana when his father was PM for 22 years,” he said at a meet-the-people session at Padang Pasir Gebu, in Penaga near here.
Najib said even Mokhzani’s peers had wondered how he had become so wealthy.
He urged Mokhzani not to cast aspersions on the poor when help was extended to them and said: “Whatever it is, I will help the poor.”
Source : FMT
No comments:
Post a Comment