Mukhriz: LGE no qualms about lying, for unscrupulous agenda

Lim Guan Eng: Busted!

Deputy Minister of International Trade and Industry Dato’ Mukhriz Mahathir demanded that Penang Chief Minister Lim Guan Eng also apologise to the whole of Malaysia, instead just to HRH Sultan of Johor. He questions the credibility of the Chinese Chauvinist DAP Secretary General and the immature but sinister political games that he played.

Mukhriz’s statement this evening in response to Lim’s apology nine hours earlier:

While its appropriate that Lim Guan Eng apologizes to DYMM Tuanku Sultan Johor & his subjects, he must also apologize to all Malaysians, for arrogantly stating that he said no such thing about Johor, only later to admit & apologize that he did. Lim’s threat to sue the media for incorrectly reporting that he had made disparaging remarks in an interview with an Australian radio station and his claim that the remarks were in fact “made privately in a closed-door session” with the Foreign Correspondents Association of Singapore are moot points and designed to divert the attention away from the main issues. Is it not an oxymoron to have a “private” session with the media that is not to be reported?

What the rakyat are disgusted about is the fact that Lim had denied he had rubbished Johor overseas when it was later proven irrefutedly that he did. Lim must not only apologise to the foreign journalists that he misled, but also to BN for his latest unfounded accusation that the so-called BN controlled media misrepresented him. His brand of politics gives the country a bad name.

Is this the governance he means when he talks about what great things DAP is doing for Penang? With this latest episode, the rakyat should be wary of all Lim’s statements as he has absolutely no qualms lying to further his unscrupulous agenda.


Mukhriz made a remark against Lim when he refused to admit the statement and in fact resorted to lie instead. Her lied about Johor being a more dangerous place as compared to Penang. He lied about making that statement at the Singapore Foreign Correspondent Association luncheon.  He even attempted to lie but claiming  what he had said at the luncheon was a “Private conversation”.

Previously, Lim rubbished Mukhriz in capacity as the Deputy Minister MITI in a personal attack about the agenda of discluding Penang in his tour for investment and trade missions abroad. ‘Failure to bring in investment into Penang”, was Lim’s ‘best-defence-is-to-attack sordid political tactics, for his administration’s failure to convince not only new investors but retain existing investors in the state.

He obviously lied about his success to increase FDI for the past three and half years. Worse still, he manipulated facts and spin on how under BN, the whole industry eco-system was plannned, created, built, expanded and maintained to be conducive to what Penang is today.

Then again, what could we expect from someone who was once a convict and whose lie, landed him in jail.

Published in: on September 30, 2011 at 21:54  Comments (3)  

Malaysian Insider’s pants on fire

The Malaysian Insider's Jahabar Sadiq

A little over a month ago, former Malaysia Airlines Chairman Tan Sri Tajudin Ramli took online news portal The Malaysian Insider, the Chief Editor Jahabar Sadiq and writer Syazwan Mustafa Kamal to court. It was for spewing continuous lies that Tajudin aggregated a loss of RM 8 billion during his tenure. The amount of RM 200 million was the same record suit against a media company in Malaysia.

MI never substantiated their claims.

Malaysia Airlines is a plc. Its annual returns is readily available for public consumption. Through out Tajudin’s service in the national carrier, Malaysia Airlines only aggregated RM 908.4 million losses. Even that, was mainly attributable to loss of foreign exchange and the effect on currency attack during the Asian Financial Crisis 1997-8. In fact till March 1997, Malaysia Airlines were showing hefty profits.

Since MI vehemently refused to retract their 31 March 2011 piece“MACC clears AG on graft charges”, they had to face to suit when Tajudin’s lawyers presented to the courts in August. The RM 200 million suit was obviously over bearing for MI and Jahabar. Unless MI could come up with substantiate evidence to prove that Tajudin did make Malaysia Airlnes lost RM 8 billion, then it would be very tough battle for them to win this one. It was also said that former media Dark Lord Kalimullah “Riong Kali” Hassan tried to use his clout and ‘muscle his way around’ in his attempt to get Tajudin to let go of the suit.

So they did the right thing when one is most unlikely to win in a suit. It was believed that the lawyers went to talk to Tajudin’s.

It was said they managed to secure an agreement. MI was asked to publicly apologise to Tajudin on their unsubstantiated allegations. It is believed that part of the agreement, MI has to publish the apology in main stream newspapers.

Credibility of MI is undoubtably lost with this apology. In the same stroke, it vindicated all the lies been spewed against Tajudin even in the context of the Opposition trying to score on political points against the Government.

Then again, it is now fashionable for the Opposition to apologise when they lie. Unable to no longer hold his ‘lie’, Chief Minister of Penang did so late this morning to HRH Sultan of Johor.

Published: Friday September 30, 2011 MYT 1:30:00 PM
Updated: Friday September 30, 2011 MYT 1:57:36 PM

Guan Eng apologises to Johor Sultan

GEORGE TOWN: Penang Chief Minister Lim Guan Eng has apologised to the Sultan of Johor for his alleged remarks on Johor’s deteriorating crime rate.

He made the apology at a press conference in Komtar at 1.10pm Friday.

Lim, however, did not admit making the statement and said he was still trying to locate the recording of what he said in Singapore.

“The Sultan of Johor, Sultan Ibrahim Sultan Iskandar, had said he was offended by the statement made by me against Johor.

“Out of respect to the Johor Sultan, I wish to fully apologised to the Johor Sultan and his subjects, the people of Johor. I have no intention whatsoever to discredit Johor or any other state,” he said.

Lim was alleged to have made the remarks at a Correspondents Club of Singapore luncheon last month.

It was reported that an alleged transcript of Lim’s speech, released on the Internet, quoted him as saying: “You don’t have to worry about your safety when you come to Penang. In Johor, if you are a Singaporean, you are likely to get kidnapped.”

Lim had said Thursday he was unsure if the remarks were made in a private capacity but denied saying so in his prepared speech text at the function.


Lim should also apologise to Bernama and TV3. Like Datuk Rocky said this morning, “Siakap senohong, gelama ikan duri….”. These cases of MI and Lim had to apologise this weekend, aren’t they a good example of ‘reversal of fortune’?

Regardless, YB Salahuddin Ayub should beware. He could be next.

Published in: on September 30, 2011 at 16:04  Comments (11)  

Tuanku offended, LGE now throwing the ‘OSA card’ again?

DYMM Tuanku Sultan Ibrahim Ismail Ibni Almarhum Tuanku Sultan Iskandar, Sultan Johor dan Ketua Turus JMF

Yesterday, HRH Sultan Johor Tuanku Sultan Ibrahim Ibni Almarhum Sultan Iskandar expressed his dismay of being offended by Penang Chief Minister Lim Guan Eng’s remark at a luncheon with Singapore Foreign Correspondent Association on 12 August. He broke protocol to state his displeasure, to the press.

Johor sultan: I’m offended

Jassmine Shadiqe
JOHOR BARU: Sultan of Johor Sultan Ibrahim Sultan Iskandar yesterday said he was offended by the disparaging remarks about the state allegedly made by Penang Chief Minister Lim Guan Eng recently but added that as a ruler, he would stay above politics.

The sultan said politics should be left to politicians and the people should not be dragging rulers into politics.

“Yes, I was offended when I got to know about that statement, but I don’t want to react, because as a ruler, I shouldn’t be dragged into politics.
“Don’t speak for me. I am capable of doing it… I have the interests of my rakyat and also foreigners living in Johor at heart.”

Sultan Ibrahim also said Johor police under its chief, Datuk Mokhtar Shariff, had been entrusted with the security of the state and that he was doing his job.

He said this during an exclusive interview with the New Straits Times at his office here.
Lim had come under fire from numerous parties, who demanded that he apologise to the Sultan of Johor for his alleged statements made during a luncheon function in Singapore last month.

TV3, during its Buletin Utama prime time news on Monday night, had played an audio recording of a voice that was said to be Lim’s, making disparaging statements about the public security situation in Johor.

Lim was alleged to have said: “Penang was number one last year in terms of cutting crime by 27 per cent. For the first six months… also cut crime by another 25 per cent. Whereas in Johor, a Singaporean is likely to get kidnapped. Won’t have that problem when you come to Penang.”
Lim’s alleged statement was reportedly made while he was attending a luncheon organised by the Foreign Correspondents Association of Singapore on Aug 12.

Meanwhile, during the interview, Sultan Ibrahim also shared his plans for Johor.

Among them is to open Istana Bukit Serene once a year for the public to enjoy the scenic view from the palace, once the landscaping in the Danga Bay area was ready.

He said the date and the mechanism had yet to be determined, but the aim was to allow people to enjoy the state’s beauty and glory from the vantage point of the palace.

Sultan Ibrahim also said the stalls in Jalan Pantai Lido would be demolished and the traders moved.

“Pantai Lido will be a place where the rakyat can stroll and enjoy nature at its best without any inconveniences.”

Another “mess” that would be removed are the illegal stalls in the Stulang area here.

Sultan Ibrahim said these would be demolished and the traders moved to a better place where cars would no longer be parked haphazardly and cause traffic jams.

In Pontian, Deputy Prime Minister Tan Sri Muhyiddin Yassin said Lim’s statement was disrespectful to his fellow leaders from other states.

He described Lim’s statement as irresponsible and unbecoming of a state leader.

“It is irresponsible and disrespectful when someone bad mouths the other states.

“This is not the Barisan Nasional way. I never said ‘Don’t go to Penang’ when I was the Johor menteri besar.”

On calls by Umno Youth urging Lim to apologise, Muhyiddin said it was the right thing to do.

“If Lim feels he has done wrong, then there is no harm in him apologising.”

Muhyiddin said Lim’s statement, which compared the crime rates between Johor and Penang, was inaccurate as statistics had shown that the crime rate in all states had dropped by 15 per cent.


This was not the first time the Opposition displeased HRH Sultan Ibrahim. He issued titah murka against PKR last year. HRH Sultan Ibrahim even revoked PKR Vice President Chua Jui Meng’s DPMJ award.

The Mole which contacted the Penang Chief Minister’s Political Secrretary Zairil yesterday on his Boss’s statement in Singapore, refused to get co-operation to ‘set the record straight’.

Lim, who is Chinese Chauvinist DAP Secretary General cannot just dispute the episode by refusing to comment, just because “I haven’t heard the tapes”. The video footage on what he said is very clear on the statement which made Johoreans offended. In fact, the full transcript of what he said at the Singapore Foreign Correspondent Association has already been published here.

His lame excuse which was aired on NTV7 that, “It was a private conversation”.

How could that ‘conversation is private’ when he was there in the capacity of the Chief Minister of Penang with a scheduled itinerary and the Singapore FCA is an NGO representing the foreign press in the island?

Here is clearly busted, twice. He lied when Bernama published the report the first time few days ago and he is still lying now, when what should appear to be someone caught with his pants down. What more bluffs is Lim trying to play now? Use the Official Secrets Act wild card?

Then again, even though he is clearly in the wrong, he gets his guys to distort and spin the response. That is how the DAP Secretary General abuse and manipulate the practice of democracy.

Published in: on September 30, 2011 at 09:12  Comments (2)  

HRH Sultan Johor is displeased?

In not so many words, Johoreans are pissed with Penang Chief Minister and DAP Secretary General Lim Guan Eng.

It was said that what had been highlighted in the media, which include his denial to Bernama report and later the full transcript of what Penang Chief Minister Lim Guan Eng said to the foreign journalists in Singapore on 12 Aug, caught very negative attention of HRH Tuanku Sultan Ibrahim Ibni Sultan Iskandar, Sultan of Johor. He is said to be furious.

DYMM Tuanku Sultan Ibrahim Ismail Ibni Almarhum Tuanku Sultan Iskandar, Sultan Johor dan Ketua Turus JMF

Word from Johor Bahru that HRH would make a statement on this, at 200pm.

HRH Sultan of Johor previously issued titah murka against the Opposition for very unhealthy and destructive politics. Even the ‘Datukship’ of PKR Vice President Chua Jui Meng, who was a Cabinet Minister and long time MP for Bakri was unceremoniously revoked.

Published in: on September 28, 2011 at 11:48  Comments (32)  

Will Lim Guan Eng please explain what he said in Singapore?

Lim Guan Eng: Busted!

Last month Penang Chief Minister and DAP Secretary General Lim Guan Eng visited Singapore. He stirred a lot of negative attention with his statements to promote Penang at the expense of rubbishing Johor.

His itinerary during this visit included:

11 August 2011, Thursday

a) Meeting with the National Trades Union Congress (NTUC) Group

b) Interview with the Business Times

c) Penang Dialogue on Penang’s Healthcare Sector: Strategies, Synergies and Opportunities.

12 August 2011, Friday

d) Meeting with the Economic Development Board (EDB)

e) Dialogue with the Foreign Correspondents Association (FCA) of Singapore

f) Visit to Singapore Aerospace Manufacturing (SAM)

g) Dinner with Mdm. Ho Ching and Dato’ Seri Kalimullah “Riong Kali” Hassan

Most of the events were closed-door sessions or by invitation only. It was attended by around 60-70 participants including Penangites working in Singapore and medical practitioners. The focus was how Singapore can contribute to boost the healthcare sector in Penang. Key speakers at the event included Dato’ Dr. Chan Kok Ewe, Chairman of the Penang Health Association who spoke on “Cross Border Healthcare” and Prof. Soo Khee Chee, Director of the National Cancer Centre Singapore who is from Penang. The discussion was more focused on the healthcare sector and very much less so on the political aspects, except for a few snide remarks here and there on perceived corruption and security by the Chief Minister and Prof. Soo.

More damaging was the dialogue between the Chief Minister and the foreign press which was held the day after. According to the record of the discussion:

1. The focus covered Penang’s economic performance compared to the rest of the country

2. Why Singaporean companies should invest in Penang vis-à-vis Iskandar Malaysia

3. Update on the industrial development plan in Penang

4. Lynas

5. Corruption in Malaysia

6. Political aspirations of the Opposition.

This is what he said at the session with some foreign journalists:


Speech by Penang Chief Minister

• In spite of its size, Penang punches above its weight and contributes 35% to Malaysia’s total exports both in term of value and volume. Economically, it is the second most important state in Malaysia after Selangor.

• The main reason underpinning Penang’s economic success is basically its human talent. Since it does not have any natural resources, it survives and lives merely by its wits or die empty-handed. In that respect, human talent has been Penang’s main resource and over the past years, Penang has transformed itself into E&E hub and industrial cluster by building and attracting human talent.

• Penang was in a state of graceful decline over the last 18 years. That PKR has brought in new breath of change and reforms to Penang. Last three years, PKR has slowly stirred Penang up and shaken off the rust.

• In 2010, Penang was number one in terms of investments despite having six per cent of the country’s population. It has attracted 36% of Malaysia’s FDI further accelerating Penang’s contribution towards exports. The downside to this is that Penang is exposed to the vagaries of the world’s trading condition. So far, Penang has managed to weather the downturns well.

• Has full employment though facing severe shortage of skilled and ordinary workers. Like Singapore, Penang welcomes any workers.

• Feels that the reason why Penang is so “exciting” among all the other states in Malaysia is because Penang is not so focused on the traditional numbers, but also focused on the quality of life. Wants to build an international and intelligent city in Penang, with sustainable and good quality of life. Has good green policies with the first and so far the only state to adopt a no-plastic bag campaign.

• Penang is giving the platform and opportunity for everyone to “change the world”. Best place to visit and invest as it is the “freest” state, allowing people to express themselves and believing freedom of speech, freedom of expression and rule of law. “If you want to do any business in Penang, no need to say that you know the Chief Minister, only need to know the law and get the transaction done”.

• There may be some who will say that Iskandar may be the main growth area, for the moment but in the long run, Penang will beat Iskandar hands down. The reason because Penang has rule of law.

• Claims to run the cleanest state in Malaysia and being praised by Transparency International for being the “only corruption-free state” in Malaysia.

Question and Answer (Verbatim)

1. On the level of investments in Penang vis-à-vis Iskandar Malaysia

Answer: Admits that in terms of infrastructure work, Iskandar Malaysia is a very, very strong competitor now and probably in the future. But if you look at in terms of investments by foreign companies especially in high tech and knowledge intensive sectors, Penang is number one, based on figures from MIDA. In 2010, FDI into Penang was RM10.5 billion whilst Johor is half of that. The main critical area of investments in Penang is still E&E, followed by medical devices, aerospace and renewable energy (Robert Bosch). Also trying to focus on services sector, whereby by 2020 sees Penang’s GDP driven not only by manufacturing but also services. Wants to follow the California model with services accounting for more than 50 per cent of GDP (especially tourism). Manufacturing now accounts for 57% of Penang’s GDP.

On the infrastructure in place, expanding double track system which will be ready in two years. There are also 11 flights from Singapore to Penang daily which are usually full.

2. On the investments incentives provided for Penang vis-à-vis Iskandar Malaysia

Answer: Federal Govt incentives are the same for all states whether in Penang or Johor. Penang does not offer free land. What probably Iskandar can offer is cheaper land prices while Penang offers the “Eldorado of 21st century” ie human talent. So while investors can get some fiscal assets cheaper in Iskandar but in the long run, they will not get the logistics capability, human talent, supply chain management or “residual intelligence” available in Penang. Thus, in the long run, their costs will be higher.

On “residual intelligence”, Penang has 40 years of experience dealing with high tech E&E industry. This is a strong advantage because the quality of products manufactured in Penang is as good if not better than those produced in the MNCs home offices. Companies do not need to spend so much to train workers in Penang who have reasonably good command of English, technical knowhow, logistics support, supply chain management support and a “good and honest” State Government.

3. On whether corruption is an issue in Malaysia in general and how does Penang balance its reputation versus history of corruption in Malaysia when bargaining with potential investor

Answer: Foreign companies are already aware of Penang’s reputation. When investors come to Penang, their first visit would invariably excludes Government leaders. They want on-the ground assessment and feedback from the people that matters including competitors. Only once the country has passed the first test, do they want to meet the leaders to size them up, to see whether this is an intelligent person to work with, and honest enough to trust. It is a given that investors know that Penang is clean. Suggests that you refer to the latest issue of the Economist that has an article on Penang.

4. The Economist article is entirely a positive one on Penang. Is there is any negative report on Penang. Referred to NST claim that Penang Govt should come clean on the state’s industrial development blueprint and not give all sorts of excuses why it was shelved. Critical reports in the Business Times that basic services like the train does not work etc. Is this because some of the Malaysia media is considered highly political or some of the critics have a point.


All newspapers in Malaysia are controlled by the Government. Does not mean that we dismiss criticism made against the States Government. But if that is the best they can do, then it says a lot about the State Government running the Government efficiently.

On the industrial blueprint, Penang has already announced it but the Federal Government insisted that we should collaborate on a Greater Penang Masterplan. So we have agreed to work with the Federal Government on the collaborative effort which will continue after the “Muslim Holidays”. Now we are blamed by the Government controlled press for doing the things that the Federal Government requested us to do.

In terms of basic services conditions in Penang, would like to invite you to come to Penang. Penang is visibly cleaner not only in terms of running an honest Government but also cleaner physically. Also safer and not to worry about safety in Penang. Penang was number one last year in terms of cutting crime by 27 per cent. For the first six months also cut crime by another 25 per cent. Wherelse in Johor, a Singaporean is likely to get kidnapped. Won’t have that problem when you come to Penang.

5. It was widely reported in May 2011 that DAP has opened up and would like more votes from the Malay community. Do not want to be seen as a Chinese party. Is there a shift going on within the Party?

Answer: DAP has always been multi-racial and never discriminated or mistreated any segment of the population unfairly, as portrayed by Govt-controlled media. Wants to run a CAT Government-competency, accountability and transparency.

6. Read somewhere that Penang now has more Chinese ethnic than Malays

Answer: Penang has always been a Chinese majority state. In future that is going to change.

7. How confident is DAP retaining power with the demographic shift

Answer: That is why the State Government is not race-oriented but performance-oriented. Up to the people to decide whether they have a good Government that delivers or not.

8. How confident is DAP retaining power in the next Election. What is the sense on the ground.

Answer: Can never take things for granted and not too cock-sure. Will keep on working hard.

9. How do you personally survive all the personal political turbulence. Also the ETP funds have been withheld from Penang.

Answer: Question of faith that Malaysians want something better for themselves (freedom, justice, fair play). For Penang, why it survived and prospered is because the current Penang Administration allows the people to express themselves, to fulfill their potential and put their talents to use. One of the greatest tragedies is when a person is not allowed to maximize its talents or to use it optimally. We have the only Speakers Corner in Malaysia (where you don’t need to register with the Police like in Singapore). In Malaysia, you can get arrested for assembly or speaking up. But only in Penang, can you enjoy freedom of speech but enjoy freedom after speech.

10. What is you assessment of Bersih and similar movements in Malaysia.

Answer: In Malaysia, there is no free and fair elections. That is why Bersih took out a campaign to seek a clean election, and when their request was rebuffed, they decided to hold a peaceful rally to petition the King to hold free, fair and clean elections. It was a peaceful assembly that was unfortunately brutally broken up by the Federal Govt. In Penang, we never asked the Police to act against demonstrators. You would probably find that the state with the highest number of demonstrators is Penang, all organized by the Opposition (BN). Malaysia may have freedom of speech but not freedom after speech (likely to be detained after speaking). No one has been arrested so far in Penang even though we already have the Speakers Corner for more than a year.

11. Apparently the mainstream press is so discredited that Malaysia has one of the highest readership of online alternative press.

Answer: Not surprising that they have lost all credibility. Look at some of the stuff they print which are outright lies. I have been accused of anti-Malay and anti-Islam. But at the same time, I have also been accused of anti-Chinese. Cannot be accused of both at the same time. I am not anti-Malay nor anti-Chinese but only anti-corruption.

When they make claims that Penang Govt victimized certain groups (banned the Maulud procession). Not true. Never banned any religious procession. In fact, every year, they are held on a bigger and bigger scale. But yet this lies are printed every year in the Government controlled media.

Can lie to some of the people some of the time, can’t lie to all people all of the time. People see through it. That is why they look for alternatives sources and of course, the internet is a very important alternative media.

12. How do you see the social media impacting the next election? What do you see changing? Has it had a big impact in the last election but is continuing to prevail?

Answer: Definitely, it will have a huge impact. Look at what happened in Singapore. Am sure it will be equally big in Malaysia, but probably a little bit more dispersed because the rural population will need a bit of time to handle and master the new medium. So when we talk of winning power in the next election, it may not happen but certainly happen in elections after that. Looking at timeframe, maximum lifespan of five years for the ruling coalition in Putrajaya. The voters will be younger and more informed. The ruling party has command over traditional media but not over the social media.

13. What medium is working the best right now in Malaysia; Facebook or others.

Answer: Everything related to social media. At the moment, the one that stands out would seem to be Facebook. Malaysia has one of the highest users of Facebook but am sure Twitter will catch up.

14. Is Pakatan Rakyat strong enough to survive the next election and the one after that.

Answer: Definitely, so long as we are still the Government in several states, will definitely go on. How long can the Federal Government continues to feed on the gravy train. There is only so much you can steal. The extent of corruption is incredible. How much more can you steal. So when the chicken comes home to roost, there will be a full accounting. There is a lot of suffering among the lower income group because of rising prices. Seventy per cent of the population has household income of less than RM3,000. Rising prices are cutting their savings and living standards.

The Government cannot sustain the subsidies indefinitely because the budget deficit is blown apart. Even this year, we are wondering how they are going to deliver this election budget.

15. Are there lessons to be learnt from the Singapore election namely the use of social media and the way opposition parties harness that.

Answer: Think the experience from the Singapore election is that the PAP did rather well. Thought they would lose more seats (12-15 seats), based on the turnout of the crowds. But they managed to lose only six seats which was a remarkable performance. But if you look at the victory margins (seats with less than 1,000 votes), they almost lost more than that. Fortunate for PAP, that all the close seats went their way. But if they had not, then they would have lost 10-12 seats. Under the circumstances, the PAP performed very well. One of the reasons they performed well despite the overwhelming demand for change was principally because they ran a clean and competent Government. Change is a most powerful word in the world.

So despite allegations of arrogance which is grating, it does not cause the people money. This is why the people were still willing to give PAP a shot. If the Government had been corrupt, that would have been the end. Why they could still win 60% of the vote.

In the last election, the ruling Malaysian Government scrapped through with 51% of the popular vote. But the way they gerrymanded the constituencies, they won 62% of the seats.

16. For the next General Election, what will DAP be campaigning on?

Answer: Need for change so that we can claim our country, reclaim democracy, stop them stealing the future of our children. Look at all the transactions that have been done, how much we lost over the MAS scandal. No full accounting over the various scandals.

17. Geographically throughout Malaysia, where do you see the biggest pocket of strength for the Opposition?

Answer: Basically in Peninsular Malaysia on the western coast and the northern states. The ruling Party’s strength is concentrated in the south near Singapore, probably influenced by the more conservative strand. But when they see Singapore changing, it has also an impact on the southern part of Peninsular Malaysia.

18. How many of the states can the Opposition win this time around? Can you retain the five states won in the last election?

Answer: Can retain the five states and hope to win three more (Terengganu, Perlis and Negeri Sembilan).

19. Would that give you majority in the Parliament?

Answer: It would come close but not necessary give majority.

20. What’s changed that would allow you to win those states between now and the last election?

Answer: Cost of living, economy that is still very, very bleak. Apart from that, calls for change.

21. So basically, you are able to spread your message more in these states than able to in the last election?

Answer: When we talk about changing the government, they don’t laugh at us. In the past, we will be laughed off.

22. How will you be able to win Sarawak because Sarawak and Sabah are really the stumbling block for the Opposition Alliance to take control? In the last state election, Sarawak was still overwhelmingly pro-Umno, pro-BN. So what’s going to change between now that would enable you to win power? Without Sarawak, it’s difficult for the Opposition to gain power at the Federal level.

Answer: Sabah and Sarawak has always been seen as the fixed deposit for BN. It no longer is. That by itself is a big improvement for us. They can no longer bank on winning all the seats.

The last round in Sarawak, BN’s popular vote went down by more than 8 per cent which is a big thing by any standards. Expect the sink to be greater in the Parliamentary elections because the Chief Minister will still be around, there is a sense that BN will have a wake-up call. Of course we have to wait for the results.

One factor, we are concerned about is mass cheating. There have been some reports of some import of foreign workers given citizenship and registered as voters. That is of great concern.

23. One of the interesting things about the Sarawak factor in Malaysian politics is that it is also determining infrastructural investment. Sarawak, now with the chief power coming out of Bakun, is attracting all of the heavy industrial investment. And this is really the place where industrial growth in Malaysia will happen at a large scale. What are the critical issues in terms of how politics are affecting economic development in terms of infrastructure in Malaysia?

Answer: In terms of economic development, the people’s perception has changed. In the past, we welcome development for development sake. Now, the big question is how does this benefit us? For example, Lynas the rare earth factory in Pahang which is the home state of the Prime Minister. Why has there been strenuous opposition? Because people see this huge facility instead of benefiting the people, in fact they see it pose a serious threat to their health and safety. So when you talk about development, must get translated across that it benefits them. Similarly for Sarawak, can talk about having cheap power etc, but if it results in displacement of the natives, do you think they will be grateful being robbed of their land? Think there will be an accounting.

Just like in Libya, Gaddaffi ruled by fear. Once the fear dissipates, the rule ends.

24. Talked to some Sarawakians and they said we know the Chief Minister is a devil, but he’s our devil against the Federal Government. So how would a Pakatan-led Government address this concern of the East Malaysians.

Answer: Main concern for PM Najib is that the Sarawakians would back out and there is pressure against the Chief Minister. And also unhappiness with BN Government more readily in Federal elections.

25. How exactly is Penang going to move from manufacturing-based economy to service-based economy? You gave a timeframe of 10 years but what type of investments do you need for this? How are you going to boost.. are you building a theme park or investments in hotel or what’s going to generate ?

Answer: Look at the masterplan. When you talk about tourism, you are talking about health tourism, education tourism, heritage tourism. Penang is a UNESCO World Heritage City, that by itself attracts its own clientele, a rich and valued market. Existing infrastructure in Penang is already there. The hotels, logistics, as well as the service mentality. We need to upgrade and improve on it. Need huge investment in infrastructure and training workers in hospitality sector. The Hard Rock Hotel chain has only one hotel in Malaysia ie. in Penang. Why? Because we are seen as the place where you are free to be yourself, where you don’t have to fear from the moral police.

26. From the Singapore perspective, keeping or maintaining the share of manufacturing above 20% is a huge challenge, leading us down the path of bigger capital investment but less employment. What are the issues that Penang faces? It’s very hard in a globalised, connected Asia to keep moving up the value chain in manufacturing.

Answer: It’s very difficult to escape the middle income trap. We are in the middle income trap. The only way to escape that is:

a) Attain international benchmarks

b) To be a haven for human talent

c) Investment for infrastructure

Like to believe that we have a good government in Penang.

27. The Iskandar project is talking about giving 15% personal income tax rate to attract human capital to Iskandar. Are there any specific incentives that the Penang Government is issuing to human capital?

Answer: No. Taxation powers are the sole prerogative of the Federal Government. Penang does not have tax powers. Can recommend but Federal Government won’t listen. All tax receipts go to the Federal Government. So we have nothing.

On the 15% flat rate that was implemented last year, its only specific for Iskandar.

28. How is Penang addressing those human capital challenges in terms of having a small population base? Talking about investments over RM10 billion, the skills required for those specific industries for E&E and higher manufacturing. The challenges specifically the medium of instruction in Malaysia is now Malay. Does Penang has prerogative to state how you wish the curriculum to be configured?

Answer: No, it’s a national jurisdiction, so it’s a national power but fortunate that Penang has a very strong education base. Generally, the population has a good command of English.

29. You are saying there is no shift in strategy in the way that DAP wants to reach out more to the Malays or the Indians Malaysians. Nothing that changed in strategy.

Answer: Always been appealing to all Malaysians, including Malays. Not been highlighted because they want to paint us as anti-Malay, just as they want to paint PAS as anti-non Malay. Just part of their humanization of opponents of the Federal Government. Can’t overturn 50 years of propaganda. Takes a lot more of effort and got to show results.

30. A lot of factories moving out of China now because of cost. Is Penang benefiting from this relocation from China? What sort of investments?

Answer: Yes. Do not want to mention names since they still have substantial investments in China. Some of those investments that were announced in Penang worth RM10.5 billion in FDI were actually slated for China.

31. Wages in Penang also higher than average in Malaysia

Answer: One of the reason why Penang is an attractive place for investment is because emphasis on 3Ps, proficiency, productivity and performance. If you are able to deliver, the companies don’t mind paying a bit more because you get value for money.

32. Read that the tourism sector faces problems because of pollution with number of tourists going down. Is there any way to solve this?

Answer: Penang is visibly cleaner than before. Problems have been dealt with and we can always be better.

33. How did you manage to bring the crime rate down?

Answer: Installing CCTVs in the street (over 100 and want to put in more), community effort and engaging the Police and letting them do their work.

34. What are the plans to handle traffic?

Answer: Building better accesses and better roads. (Talks about short term, medium term and long term plans including plans for the third bridge). Public transport is a Federal jurisdiction. All we have is the roads. I can sit around and twiddle my thunbs but we thought we will do something.

35. What about the airport?

Answer: Airport is being expanded but is taking a long time. Hope to see it done by middle of next year.

36. Immigration has been fabulous. Rivals Singapore in terms of processing

Answer: Yes, come to Penang. No need to line up at the Johore Causeway.

37. Do you feel that the Federal Government is not allocating funds to Penang because it is run by the Opposition? Any big projects that have been refused that should take place but has not taken place because of that? How does that play out on the ground?

Answer: Yes definitely. Quite a few. One example is heritage. They promised us RM25 million. They gave us zero. So we have to rely on ourselves. Have to save and to scrape together. Its only when they (the people) suffer and you have a jolly good time, then people get angry.

38. State budget is from taxes?

Answer: From quit rent, tax on land, land tax and property assessment. Signs of support for the State Govt is the quit rent and property assessment has increased tremendously. Looking at around 30% increase. Last year, the state budget was around RM907 million. Recorded surpluses every year and we are the best financially managed state in the country, so says the Auditor-General. The surpluses go to social programmes and increased money to schools including religious schools. Believe that education should be depoliticized. So schools in Penang have improved immeasurably in terms of facilities and services. Increased allocation for all sectors including Muslim affairs, as compared to previous BN Government.

39. On the federal level, the Opposition parties look quite independent. How is there coordination of policies?

Answer: It may appear to be independent because we are among equals and of course, Anwar is pares inter pares, first among equals. Indisputable.

40. This can be a risk because he definitely has to serve 10 years in prison again. Can Pakatan survive without Anwar?

Answer: The bonds formed are much stronger now between parties. In the past, would need Anwar as a breach. We have built bridges among ourselves.

41. His daughter is impressive, isn’t she?

Answer: Very impressive. She strikes a chord amongst the younger generation.

42. Already the Opposition first made such inroads in the last election, we have seen more demonstration, more voices speaking out and more lash back as well? How do you see that moving forward as you make further inroads in terms of the stability of the country?

Answer: The states ruled by Pakatan have been very stable. Peaceful and orderly. Of course, there are demonstrations but this is part of democracy. You have demonstrations every day in the States. People accept that. So long as they are peaceful demonstrations, it’s not a problem. Only when the demonstrations turn violent and becomes a looting exercise, rather than expressions of certain views and positions, that is a problem. Greater inroads by the Opposition means that we are heading to a two-party system which is good for a functioning and healthy democracy.

What Penang wants to offer is not the old development model, the command economy system is not the only way forward. Wants to offer an alternative, people-centric government. Instead of corruption, offer integrity, instead of cronyism, offer transparency, instead of mediocrity, offer competence. Believes that Malaysians deserves better. There are so many bright Malaysians in Singapore, many from Penang. Appears to be one of our greatest exports. Not something we are proud of. If our best and brightest have to go overseas to showcase their talents, this is very wrong.


43. Do you believe affirmative action can lead to corruption and cronyism?

Answer: There is nothing wrong with affirmative action for the poor. It’s when it is misused to enrich the few, that is where our future is stolen. It shouldn’t be race-based but needs-based. And when it’s needs-based, the main beneficiary will still be the Malays, because they are the poorest. There is no dispute as far as that is concerned. But what is happening now, look at the shares tender. In the last 30 years, the Govt implemented the distribution of shares of the Corporate Equity Restructuring Scheme so there will be more Malay representation. But who do they give these shares to? To all the UMNO, BN cronies. They ripped off RM54 billion of shares. They have discovered that of the RM54 billion of shares, only RM2 billion is now held by the Malays. What happened to the RM52 billion. That is why during the Bersih rally, so many Malaysians come up and come out. Multiracial gathering.

44. So fundamentally, you are saying the NEP was a failure?

Answer: It did not achieve the objective of eradicating poverty and ensuring distributive justice. That is why it is a failure. Those crooks who ripped off the NEP were never brought to book. There were various estimates of how much money was stolen. Morgan Stanley estimated US$100 million. The Global Financial Integrity Report in Washington early this year by World Bank economists tabulated the amount of illicit money secretly taken out of the country, RM300 billion estimated over the last nine years.

There are definitely some very serious allegations he uttered when he was in Singapore. Can YAB Lim Guan Eng please come forward and explain all what he had said?

Published in: on September 27, 2011 at 11:00  Comments (38)  

So much for freedom of speech

The Opposition issued a second gag order for the party leaders, within less than two months. This time, it is about the ‘Hudud Issue’ which raised a lot of controversy when PAS Spiritual Leader and Kelantan Menteri Besar Nik Aziz Nik Mat last week insisted that they are very into implementing Hudud, just like what they promised 21 years ago.

Published: Monday September 26, 2011 MYT 4:18:00 PM
Updated: Monday September 26, 2011 MYT 6:35:41 PM

Pakatan Rakyat issues gag on hudud

KUALA LUMPUR: Pakatan Rakyat has issued a gag order on hudud until its leaders meet over the matter on Wednesday.

PAS secretary general Datuk Mustafa Ali reiterated that the coalition would not be affected over the controversy nor bow to pressure to divide them.

“We will keep working together to prepare for the general election.

“There is no question that Pakatan will split. We will solve this issue at the meeting, God willing,” he told a press conference with PKRsecretary-general Saifuddin Nasution and DAP representative Anthony Loke.

“We can solve differences in opinion. Our cooperation is far stronger and mature now,” Saifuddin said.


This is a second gag order issued by PAS Secretary General on behalf of his party and it is a capital issue about Islam and the administration the religion of the Federation of Malaysia. The first time was when the controversy arisen from the decision of JAIS to raid the Damansara Utama Methodist Church in early August and PAS leaders were up at arms against the Selangor Exco in-charge of Islamic Affairs Dato’ Dr Hassan Mohd. Ali.

DAP went very strong against PAS in both cases.

DAP had never been convinced with PAS on their aspiration to form ‘An Islamic State’ despite the Erdogan-controlled PAS changed their direction for a ‘Welfare State’ call in their most recent PAS muktamar. The two parties have been against each other on fundamental Islam issue despite they fronted it differently, for political reasons.

For the longest time, DAP had been vehemently against PAS’s intention for Hudud Laws. This round, their arguments been centred around “Hudud was never part of Buku Jingga“. Now, DAP leaders have threatened to leave the tri-party coalition, which was never formalised from day one.

Monday September 26, 2011

DAP leaders threaten to quit Pakatan council

“If there is any mention that we want to implement hudud law in our common policy framework and the Buku Jingga, the party’s entire central committee will resign,” DAP secretary-general Lim Guan Eng told reporters after opening DAP Federal Territories convention here yesterday.

He said the Pakatan pact among DAP, PAS and PKR had been agreed upon in “black and white” and aimed at collaboration on common issues such as justice, the fight against corruption and upholding human rights.

“Hudud law was never included in Pakatan’s common policy framework and, if it is not included, it should not be part of the agenda,” he said.

“Each one may have their own views on respective issues but that does not mean we cannot cooperate and collaborate on common issues,” he said.

On PAS being adamant on including hudud law or the formation of an Islamic state in Pakatan’s common policy framework for the next general election, Lim said DAP would not agree to such amendments.


‘Gag Order’ only proven two very important points about the Unholy-marriage-of-(in)convenience-between-backstabbing-strange-bedfellows;

1. There is no such thing as ‘Freedom of Speech’ in their practice despite they are championing otherwise

2. PAS and DAP can never work together as they have very opposing position on fundamental issues such as Islam Vs Secularism and neither of them willing to either compromise nor meet half way

So many questions lurk in our minds:

1. How will the Opposition work together from now on that even though PAS as a party is willing to compromise their ‘Islamic State’ as an official stand, there are some PAS leaders would never sacrifice their fundamental struggle that got them to use Islam for politics

2. If they can issue ‘Gag Orders’ for their own leaders, then it is a clear demonstration that they were never serious about championing the true spirit of democracy and most importantly, do not trust each other for not saying the right or politically correct things

3. How could they forge a sustainable coalition and eventually offer themselves as credible alternatives to Barisan Nasional when they strongly aspire very opposite directions and principles

4. PAS Secretary General Mustaffa Ali issues this ‘Gag Order’. Who is actually calling the shots, as the Opposition Leader is Anwar “Mat King Leather” Ibrahim

5. Is Nik Aziz’s intention to bring up Hudud at this point of time, is a ‘Wayang‘ to deflect other issues away from attention?

Very pertinent issues. Very fundamental issues. Their relationship which always deemed to be doubtful has now been casted in tombstones. Let alone how they are able to manage the country with so many variables in the most complex permutation.

Needless to say, neither any of them could be trusted. Then, now and in the future.

Published in: on September 26, 2011 at 18:53  Comments (2)  

PM Unplugged, bersama ANSARA

PM Unplugged

Jemputan kepada semua bekas pelajar MRSM untuk menghadiri sesi

PM Unplugged versi Budak MARA

Dewan Tun Hussien Onn

Pusat Dagangan Dunia Putra (PWTC), Kuala Lumpur

Sabtu, 15hb Oktober 2011, jam 2.30 petang

Peluang kita untuk berinteraksi dengan YAB Perdana Menteri

secara langsung, dari hati kehati, dalam suasana santai cara Budak MARA.

Borang Penyertaan PM Unplugged

Acara Tentatif

1430-1530   Pendaftaran
                  Teh Tarik Budak MARA***
1530-1800   Ketibaan YAB Perdana Menteri
                  Bacaan Doa
                  Ucapan Aluan Presiden ANSARA
                  PM Unplugged versi Budak MARA
1800           Nyanyian Lagu Maktab
                  Kudapan Ringan
Dress Code : Casual (Jeans & TShirt dialu-alukan)
Published in: on September 25, 2011 at 20:00  Comments (3)  

Dr Rais, another broadcaster soon?

This week is where the telco industry players were busy holding their Hari Raya Open Houses. When the industry players met, they gossip. Top of the gossip amongst them is about a recently issued broadcasting license.

In the grapevine, a brand new broadcasting license was issued by Malaysian Communication and Multimedia Commission last month. The applicant is Nilamas Sdn. Bhd. The license was said to be issued in a very short time. The application is not known by persons who were experienced in the broadcasting business and the technology that is required for it.

One corporate figure has been said to be behind Nilamas. Dato’ Kenneth Eswaran, is the name that keeps cropping in this case. Eswaran was a corporate name of the 90s when Benta Plantations is mentioned. The game was logging and property development. Technology and ICT was

Kenneth Eswaran, then a newcomer to the corporate scene, bought into Benta Plantations Bhd via a reverse-takeover, acquiring 31% of this company and 28.1% of Mun Loong Bhd. Eswaran’s partner, who owned a further 30% of Benta, is Haji Ishak Ismail, of Idris Hydraulic. Benta changed its name to Best World Land Bhd and, in 1994, Eswaran was reportedly interested in a 250,000 ha timber concession in Southern Laos and was expected to sign a deal with the Laotian authorities at the beginning of 1995 and to undertake logging activities during that year. The concession would allow logging for 6 or 7 years.

Eswaran was reported to be setting up a new company, with both the listed vehicles in which he was involved (Benta—now Best World Land—and Mun Loong) investing 55% and 45% respectively in the new company. Total investment in the new concession was to be about RM 60 million (USD 24 million). Because the timber business was new to these companies, Eswaran was believed to be scouting around to hire timber experts.

Best World Land Bhd sold its equity in Mun Loong Bhd at the end of 1995 for a loss, reportedly in order to concentrate on its core business of property development. It is not clear whether the Laos deal was successfully concluded or not.

A name associated with Mun Loong Bhd was then former Assistant Governor of Bank Negara Dato’ Nor Mohamed Yackop. Later it became Abrar Corporation Bhd and that story is a dog of different fleas.

Technology and ICT was never Eswaran’s ‘cup of tea’. At the moment, he is President of Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI). Word has it that he is “Very connected to the PM”.

How and why MCMC issued a fresh broadcasting license is not too clear. Probably the Minister-in-charge Dato’ Seri Utama Dr Rais Yatim could explain why this application was processed in record time and most of all, what is the business plan for Nilam Emas.

It is important for consumers to understand as active broadcasters such as Astro and Unifi are already giving consumers the agony of choice and not too long ago, MiTV failed with their cable TV project. As far as we know so far, they have been going around hawking the business plan for financing programs from banks all over town. A certain ‘note’ from a certain individual is said to be accompanying these proposals for Nilamas financing.

Is Eswaran a credible name for broadcasting business? That, the Minister got to explain also.

Published in: on September 23, 2011 at 10:00  Comments (6)  

Covering the tracks

Zarinah "Gangster of Bukit Kiara" Anwar

In the wake of the recent scandals involving Securities Commission Tan Sri Zarinah “Gangster of Bukit Kiara” Anwar and her corporate-notorious husband Dato’ Azizan Abdul Rahman in the sale of 30% E&O shares to PNB controlled conglomerate Sime Darby, we would like to recap what happened in the past involving one of the most prominent capital market scandal.

A capital market rogue Dato’ Tony Tiah who was involved with Dato’ Soh Chee Wen in the 90s for the fraud in the Omega Securities, was allowed back into mainstream corporate scene. All happened after Zarinah was the head of the capital market regulatory body.

Here is how the story goes.

During the go-go 1990s, Datuk Tony Tiah Thee Kian stood at the top of the stockbroking heap. TA Enterprise Bhd was the largest stockbroker in town, with over 700 remisiers and a huge client base. On 12 October 1990, as part of a restructuring exercise, TA Enterprise acquired TA Securities. A month later, TA Enterprise was listed on the then Kuala Lumpur Stock Exchange (KLSE). In March 1991, TA Enterprise acquired Botly & Co Sdn Bhd. On 30 March 1990, AT Securities Sdn Bhd, an outfit started by Tiah and his wife, changed its name to Omega Securities Sdn Bhd. Both Omega Securities and Pahang-based WK Securities were acquired by Omega Holdings Bhd on 8 March 1991.

While Omega was thriving and Tiah was busy expanding his business beyond Malaysian shores, there were hints of a scandal emerging. In a July 1993 news report, for example, Tony Tiah came out to deny that TA Securities was in any way linked to the Union Paper Holdings Bhd scandal. The Union Paper case involved the massive short-selling of the company’s shares on the KLSE, which resulted in the exchange having to buy in Union Paper shares. Tiah also denied that TA had suffered large contra losses due to a rather significant correction in the market then.

In 1997, things got more serious. Other names were being linked to the Tiahs, names such as businessman Datuk Soh Chee Wen. On 23 March 1998, Tiah resigned from the KLSE committee, citing health reasons. Three weeks later, on 9 April, he withdrew his resignation. In June 1998, Omega Securities’ trading licence was terminated after it had failed to meet the KLSE’s minimum liquid funds requirement. Eleven other brokerages were placed under trading restrictions. Tiah and Soh were charged with defrauding Omega Securities of RM 424 million in a share transaction in August 1999.

August 04 , 1999 13:53PM


KUALA LUMPUR, Aug 4 (Bernama) — TA Enterprise Bhd executive chairman Datuk
Tony Tiah Thee Kian was charged in the Shah Alam Sessions Court here today
with abetting Datuk Soh Chee Wen in using a scheme to defraud Omega
Securities Sdn Bhd.

He claimed trial to the charge under the Securities Industry Act and was
allowed bail of RM1 million pending mention of the case on Oct 7,1999.

Sessions Court judge Mokhtaruddin Baki ordered Tiah to surrender his
passport and travel documents to the court.

The charge said that Tiah had directly in connection with the purchase of
35,563,000 units of Uniphoenix Corporation Bhd shares through the margin
accounts in Omega Securities, abetted Soh in using a scheme to defraud
Securities by the execution of direct business transactions namely
“crossings” in the margin accounts, which did not involve any change in the
beneficial ownership of Uniphoenix Corporation shares.

This act which caused the withdrawal of RM424,930,597.50 from Omega
Securities when the margin equity of the said margin accounts was below 150
percent, was in contravention of Rule 20(20) of the Kuala Lumpur Stock
Exchange Rules For Trading by Member Companies.

As a result of this, Omega Securities did not have sufficient collateral to
finance the said margin accounts.

Tiah is alleged to have committed the offence at Omega ecurities, Plaza Perangsang, Persiaran Perbandaran, Shah Alam between Sept 2, 1997 and Jan
12 1998.

The offence carries a fine of not less than RM1 million and a jail term of
not more than 10 years.

In the same court, Khoo Poh Kim @ Kimmy was charged with abettting Tiah in
abetting Soh for the said offence.

She pleaded not guilty and was allowed bail of RM100,000 pending mention on
the same date.

Khoo was also ordered to surrender her passport and travel documents to the

Soh, together with Patric Lim are being sought by the Securities Commission
(SC) to help the authority in their investigations. Both Soh and Lim are
believed to be overseas. — BERNAMA


Soh admitted to conspiring with Tiah in providing false statements to the stock exchange pertaining to 44,592,000 shares of Omega Holdings, between 2 Sept 1997 and 12 Jan 1998. Tiah was fined RM 3 million, in default 30 months’ imprisonment, on each charge. Soh admitted guilt to the second of two principal charges of defrauding the now-defunct Omega Securities of RM 95.97 million. On 11 May 2002, Tiah resigned as executive chairman of TA Enterprise and his wife took over the stewardship of the company. He returned to the post in August 2007.

How could someone like Tiah came back into centre of corporate scene and managing a plc? Isn’t being fined RM 3 million in lieu of two-and-a-half years jail for fraud proven that someone is not of ‘good standing’, to be in corporate scene and be a steward of so many stakeholders, which include public at large?

Only with the powers that be allowed something like this to be so. SC as the regulatory body for capital and financial markets should put a stop against rogues heading the helm of corporations, where the stakeholders include Malaysian public and investors outside the country. In this case, we suspiciously believe that not only SC did not put a stop, they are criminally negligent to allow someone with that sort of ‘white collar’ crime to be back into corporate position.

Riong Kali 'Happy Hours': "Bottoms up!" Two of the power-crazy blokes who sued Rocky & Jeff

It clearly seemed that Second Finance Minister Tan Sri Nor Mohamed Yackop in 2006 induced then Prime Minister ‘Flip-Flop’ Dato’ Seri Abdullah Ahmad Badawi to appoint a Shell Human Resources woman into the top notch capital and financial market regulator job in 2006, for corporate rogues like Tiah and Kalimullah “Riong Kali” Hassan go about their marauding ways to ‘plunder and pillage’.

Riong Kali and Azizan are best of buddies. Days after the acquisition was made by Sime Darby, Riong Kali via his interests in ECM Libra demanded seats in the E&O BOD, where Azizan is the Chairman.

So many issues about in the Sime Darby acquisition into E&O, which until today SC has not acted on so many counts of insider trading. Namely. GK Goh was one of the three sellers to Sime Darby, was mopping millions of E&O shares from the market prior to the sale.In fact Chairman Azizan and major shareholder Goh buying E&O shares that were rising in value at a time global stock markets were crashing.

SC Chairman Zarinah’s infamous memo to SC staff on what the PM Najib saidabout the matter involving her husband in E&O (this case it is hear say, PM Najib never made any official statement about it). What is more worrying is that, Zarinah’s leaked memo to the press (if a memo can be leaked, only god knows what else can be leaked by the people in SC).

On the contradiction to her position, Zarinah cant remain at helm of SC while an investigation is going on, because her subordinates are being asked to investigate possibly even her husband. Insider trading is a jail-able offense.

The current investigation is on whether Sime Darby must make a general offer, but if it was on insider trading, SC has power to freeze the proceeds. What Sime Darby did was just being taken for a ride to take the 30% shares for RM 766 million, which so many thought as being ‘over priced’. Nothing illegal there. If SC rules that Sime Darby were to make the GO at the prices they bought, then Tham, GK Goh, Wan Azmi, Azizan and ECM Libra would stand to ride on their disposal of what ever holdings they have.

However, SC is not looking into ‘Insider Trading’ at all. Looks like the current SC investigation is harping on the wrong tree, toothless in nature and is one big hogwash. It is so clear that the tracks are trying to be covered.

The rogue forex trader and corporate man who later made a Minister in PM 'Flip-Flop' Abdullah's Cabinet

Nor Mohamed is a rogue corporate personality in his own right. His name is synonymous with certain criminal breach of trust cases during the days of Abrar Corp Bhd. in the 90s. His notorious reputation is carried through even in his political position in Government, when two of his political secretaries Dato’ Mohd. Norza Zakaria and Hasbie Satar being charged for corruption. Hasbie’s case is on going and even though Norza’s case was acquitted, he is now being charged for perjury.

Lets not forget in the early days of Zarinah in the SC top job, she got SC to ‘practically close-one-eye’ for all the misconducts and frauds in the ECM Libra-Avenue Capital merger where MOF Inc ‘gave away’ the securities firm in favour of Riong Kali and his partners, which include then Vice UMNO Youth Head Khairy Jamaluddin.

For the record, Soh is one of Opposition Leader Anwar “Mat King Leather” Ibrahim’s financial backers. But is for another story, another day.

As for now, Prime Minister Dato’ Seri Mohd. Najib Tun Razak cannot win the support and confidence of many people because of ‘legacy personalities’ like Nor Mohamed and Zarinah still very much around. For the good of him taking Malaysia forward with all his grand plans via Government Transformation Plan/Economic Transformation Plan (GTP/ETP), evil persons like those afore mentioned must be unconditionally stemmed if not weeded out.

* Updated 1130hrs Thursday 22 September 2011

Published in: on September 21, 2011 at 19:04  Comments (13)  

Opposition will not support Najib’s new laws

On the eve of the 48th celebration of the formation of Federation of Malaysia, Prime Minister Dato’ Seri Mohd. Najib Tun Razak shocked the nation. He did something so many thought it would never happen in our lifetime.

He would abolish the much dreaded Internal Security Act and Emergency Ordinance, which in the past have provided the power to detain suspects who are up to serious no good and threatening internal security. Of course, he said new laws to safeguard the security of the nation against terrorists and persons deemed trying to disrupt peace would be introduced and enacted in place of the abolished laws.

ISA and EO are laws which have been proven to be effectively safeguarding the nation’s security. Countless numbers of criminals against the state were incarcerated. Amongst them are terrorists, extremists, religious deviants and persons found indoctrinating the outlawed communism ideology movement.

The most wanted man in SEA: Mas Selamat Kastari in different looks

The recent most internationally known bandit detained under the law is Mas Selamat Kastari. He was one of world’s most wanted terrorist.

Civil servants who treacherously sold away identification papers to illegal foreigners such as identity cards and international passports and forge entry/work permits were also apprehended and detained under the same law.

EO has been found to be very effective against the Lords of the Underworld Vices. They are the masters of vices such as illegal gambling, drug smuggling, human trafficking and prostitution and Ah Longs. Naturally, to funnel these proceeds they do layered money laundering activities under the pretext of legitimate retail businesses.

None of these activities could be traced back to persons, in cases like the alleged Vice Lord Khoo Tee Yam. They were unable to pin him for Anti Money Laundering Act. They covered their tracks very well and even their subordinates refuse to co-operate in any investigation, most likely for fear of their lives.

The Police have little choice but to invoke EO and RO against persons like these, to curb their operations.

These new laws would be expected carry the same spirit and purpose of the ISA and EO they replace. But not without more stringent controls and limited power of authority. Abuse of power for political purpose is the main reason, along the strong global voice against the infringement of human rights.

It is unlikely that Opposition would support PM Najib, when they are ready to present these bills in Parliament sometime next year. PM Najib is unable to enact these laws without the Opposition as Barisan NAsional no longer have the 2/3 majority in Dewan Rakyat.

Opposition would make it very difficult for these laws to come through. It is expected all sorts of drama would be staged prior or during the process. Their ‘associates’ such as ‘like minded’ NGOs would conduct all sorts of activities for these said purposes. The longer they can drag the enactment of these new laws, it is politically more beneficial from them.

It is not a big mystery why they would do so. The Opposition would lose out from these new laws.

DAP for one, rely a lot of their financial support from these bandits. With ISA and EO, they have played these ‘habeas corpus’ games whenever their backers are detained.

Now that ISA and EO are to be repealed and new laws in place, the interregnum period is the perfect opportunity for the vices to operate without the fear of being detained. Police would not dare to do the ‘politically incorrect’ actions during this period.

PAS in the past have immensely benefitted from the extremists and religious deviants created from their strategic continuous ceramahs demonizing the authorities and ruling party. For instance, ‘Amanat Haji Hadi’ in 1981 was the basis of Ibrahim Libya and his bandits bloody stand off against the Police, ‘Memali Incident’ in November 1985.

The longer they can stretch this game, the more BN would stand to lose. The Opposition would manipulate the delay due to the complexity they create.

They said the leg work of these new laws were already set in motion even before the bold and decisive announcement on 15 Sept. Never the less, all these preparations are open for probably an unwinnable debate when the time comes.

Published in: on September 18, 2011 at 21:35  Comments (9)