Cheque book journalism of ‘War Chest’

KUALA LUMPUR - Jan 24, 2015. The Edge Media Group Executive Chairman Datuk Tong Kooi Ong at the Alliance Bank 2015 Investment and Market Outlook Forum.  Photo by :  SUHAIMI YUSUF

KUALA LUMPUR – Jan 24, 2015.
The Edge Media Group Executive Chairman Datuk Tong Kooi Ong at the Alliance Bank 2015 Investment and Market Outlook Forum. Photo by : SUHAIMI YUSUF

Staunch Anwarista and The Edge Media Group owner  Tong Kooi Ong on Friday affirmed he was willing to bribe USD2 million but later cheated away for the stolen e mails, hours after Straits Times revealed a damning story from former Petro Saudi executive Xavier Justo, brought a new flashing red light on the whole episode.

It is generally considered unethical to pay, to buy materials for a story. Probably the material sum could distinct this initiative of investigative journalism.

Which Malaysian media organisation is willing to fork out USD2 million (RM7.8 million) for materials from a single source for a series of stories. The more damning question is, why?

In his statement on Friday afternoon, Tong revealed that he did offer Justo USD2 million. That is a lot of money for a Malaysia media group, for materials of a story. The circulation of the weekly business paper is 25,000. The Financial Edge daily is even far smaller than that.

The Edge Financial Daily page

The Edge Financial Daily page

The off-the-stand price is RM7.00 and the online annual subscription is RM318.00. The combined annual turnover is in the neighbourhood of RM18 million a year. Lets say the advertisement revenue matched the print and online subscription rate, RM7.8 million is 22% of the paper’s annual turnover.

Even after throwing in the advertisement income, would The Edge able to fork out RM7.8 million to but the stolen downloaded e mails from Justo?

Hence, it could be deduced that the money must have come from outside the newspaper.

It is indisputable Tong’s loyalty to former Opposition Leader and now a convict for a hedious sexual crime Anwar Ibrahim. Almost sixteen years ago one of Anwar’s minions who keeps charge of the ‘War Chest’, blurted out in a statutory declaration:

Former Assistant Governor Murad Khalid expose

STATUTORY DECLARATION DATO ABDUL MURAD KHALID

I, Dato’ Abdul Murad Bin Khalid (NRIC No. 531215-08-5957), a Malaysian citizen of full age and care of No. 104, Jalan Setiabakti 9, Bukit Damansara, 50490 Kuala Lumpur, do hereby solemnly and sincerely declare as follows:-

1. On 16th September 1999 I was charged with failing to disclose truthfully information on Ben Harta Sdn Bhd (BHSB) shares and 51 of its properties allegedly held for my benefit pursuant to section 87(2)(c) Banking and Financial Institutions Act 1989 (BAFIA).

2. In order to do justice for my own sake, I must make a public declaration on certain matters connected with the various positions I held in Bank Negara Malaysia (BNM) so as to show to the public at large the nature and stresses/ strains that were attendant to these positions. This public statement is also intended to provide the public with the proper perspectives of the machinations of the former Deputy Prime Minister Datuk Seri Anwar Ibrahim (“DSAI”) who was also the Finance Minister and hence the Minister directly in command of BNM.

3. As one of the top executives in BNM, I invariably came into contact with Datuk Seri Anwar Ibrahim who took a liking for me – and subsequently entrusted me to carry out some of his instructions, what has come to be believed by me now to further his political ambitions. In furtherance of his political scheme, Datuk Seri Anwar Ibrahim instructed me to implement certain corporate exercises in favour of his friends and cronies. The debts of his cronies were cleared/ settled using the profits from deals using the influence of BNM.

4. Amongst the most significant corporate exercises is the takeover of Sikap-Power, the concession holder of the Independent Power Project (IPP) at Lumut, Perak. The concession was sold to MRCB on the instruction of Datuk Seri Anwar Ibrahim and MRCB later injected the ‘concession’ into Malakof Berhad, which is the subsidiary of MRCB. I believe that a profit of about RM50 million from this deal went to one of DSAI’s political funds.

5. A male Chinese named Tong Kooi Ong, is also involved significantly in raising, financial assistance for Datuk Seri Anwar Ibrahim. Tong Kooi Ong is the Chief Executive Officer (CEO) of Phileo Allied Berhad, which is listed on the Main Board of the KLSE. Phileo Allied Bank is also under the control of Tong Kooi Ong. Tong Kooi Ong came into contact with Datuk Seri Anwar Ibrahim on mv introduction and they subsequently became very close. Tong Kooi Ong subsequently disclosed to me that in return -for the favours granted to him by Datuk Seri Anwar Ibrahim, he had established a “Master Account” -under his control. From which financial contributions could be made for the interests of Datuk Seri Anwar Ibrahim. This Master Account is to derive revenues from the holding of shares and buildings. At one point Tong Kooi Ong confided in me that the Master Account was worth RM200 million based on the values of shares and building assigned to it.

6. I believe there are at least 20 other “Master Accounts” established for Datuk Seri Anwar Ibrahim by his various cronies. I believe that the total funds in these 20 Master Accounts run into more that RM3 billion. DSAI’s modus operandi is to divide and rule and the operator of each Master Account is not aware of the existence of the other Master Accounts. I believe the Government is aware of who these cronies are.

7. As far as I know and through my own involvement, more than RM120 Million has been paid to Datuk Seri Anwar Ibrahim, his cronies and the organisations he used to advance his own political ambitions. For example it is within my personal knowledge that on the instructions of Datuk Seri Anwar Ibrahim funds from the Master Account was paid to himself and the following persons and organisations known to be affiliated or connected to him between 1992 to 1997:-

(1) to himself (DSAI) – RM50 million
(2) Dato Abdullah Ahmad (UN) – RM 5 Million
(3) Dato Nasaruddin Jalil – RM10 Million
(4) Asia Pacific Policy Centre (APPC) – RM 38 million & Douglas H. Paal – (USD 10.0 Million)
(5) Institut Kajian Dasar – (IKD)RM5 Million
(6) Aliran & Dr. Chandra Muzaffar – RM5 Million
(7) ABIM – RM 5 Million – International Institute of Islamic Thoughts (IIIT) – RM 2 Million
(8) A UK-based Islamic Foundation – RM 1 Million
TOTAL RM 121 Million

8. I am also informed that Datuk Seri Anwar Ibrahim instructed Tong Kooi Ong to take into his employ Puan Shamsidar and one Encik Rahman, which he did. Puan Shamsidar is the wife of Encik Azmin Ali, the Private Secretary to Datuk Seri Anwar Ibrahim. It is widely known that Puan Shamsidar is generously remunerated and is provided with a car and driver and most of the time she did not need to go to work.

9. I must make a special mention of the American based Organisation called Asia Pacific Policy Centre (APPC) headed by Douglas H. Paal, the former Senior Director from Asian Affairs (1989 to 1993) of the National Security Council (NSC) of the United States of America. Douglas H. Paal left the National Security Council to start APPC in 1993 funded mainly by contributions from Datuk Seri Anwar Ibrahim. I was responsible for arranging USD IO Million in contributions to APPC and Douglas. H. Paal on Datuk Seri Anwar’s instructions. I believe that other cronies of Datuk Seri Anwar Ibrahim also made substantial contributions to APPC and Douglas H. Paal. Although I cannot ascertain the exact quantum of their contributions, I am convinced that they ran into millions of US Dollars. APPC and Douglas H. Paal are one of the main vehicles used by Datuk Seri Anwar Ibrahim to promote his image in the Western countries, mainly in Washington, USA and the United Kingdom and other European nations. APPC also lobbied strongly for Datuk Seri Anwar lbrahim with the international media organisations.

10. APPC organised “The Pacific Dialogue” conferences under the patronage of Datuk Seri Anwar Ibrahim. The First Pacific Dialogue was held in Penang sometime in November 1994. The Second Pacific Dialogue was held in January 1996, the Third Pacific Dialogue in November 1996 and the Fourth Pacific Dialogue in January 1998. There was supposed to be a Fifth Pacific Dialogue to be held in December 1998 but it was cancelled because the Patron was no longer the Deputy Prime Minister and Finance Minister of Malaysia. All the Pacific Dialogue conferences were held in Malaysia because Datuk Seri Anwar Ibrahim was the major source of funding for APPC.

11. In what I strongly believe as tantamount to a betrayal of public trust, Datuk Seri Anwar Ibrahim also insisted that APPC should manage BNM’s reserves of RM50 Billion and the EPF fund in return for the services provided to him by APFC. Alternatively a hefty fee of USD 3 Million was to be paid annually to APPC for the cost of running the Centre in Washington. Fortunately this instruction of Datuk Seri Anwar Ibrahim for APPC to manage the above funds was never put into effect. What I have stated above goes to prove without doubt that Datuk Seri Anwar Ibrahim was indeed an unscrupulous leader who was prepared to sacrifice the country’s coffers for the benefit of its political ambition with the help of foreign element. The current developments that are taking place in the country which threatened the public peace and well being of the Rakyat to further Datuk Seri Anwar Ibrahim’s political ambition are ample proof to support this assertion.

12. I was also directed by Datuk Seri Anwar Ibrahim, then already appointed as the Finance Minister, to assist the following persons to clear their debts as described below:-

(a) Datuk Seri Anwar Ibrahim instructed me to help settle the debt of Tan Sri Abdullah Ahmad (now the permanent representative to the United Nations) with Bank Bumiputra of more than 10 Million. I helped to negotiate the settlement amount of RM7 Million. An amount, of RM5 Million was taken from the Master Account to help pay the debt. The balance of RM2 Million came from Tan Sri Ahmad Abdullah from the sale of his land.

(b) Datuk Seri Anwar Ibrahim instructed me to help settle Puan Marina Yusof’s debt with local banks amounting to more than RM20 Million. I presented her application to the Tabung Pemulihan Usahawan (TPU) for assistance to develop her land along Jalan Tun Razak, on which is now the completed Complex Marinara. The TPU panel approved her application. Puan Marina Yusof is extremely grateful to Datuk Seri Anwar Ibrahim.

(c) Penang based Mercury Securities owed MUI Bank more than RM I0 million secured by a 3rd party land charge. The majority shareholder is Chew Seng Guan and one Encik Ahmad Kamal whom Datuk Seri Anwar Ibrahim groomed to be up-and-coming Bumiputera businessman and politician. I subsequently helped to arrange for the sale of the land to Matang Emas Sdn. Bhd. a company owned by Encik Taib Hamid, the sale of which incidentally also sorted out some of Encik Taib Hamid’s personal problems. The same piece of land was later sold to TPPT Sdn Bhd by Encik Taib for a low cost housing project which is now known as Taman Tun Perak.

(d) Datuk Seri Anwar Ibrahim instructed me to help Dato’ Nazri Abdullah’s Group to take over NST Group from Renong. I sought the assistance of Hong Leong Group to structure the deal. I spoke to Seow Lun Hoo and Quek Leng Chan of Hong Leong. They proposed that Dato’ Nazri’s Group use MRCB as vehicle to take over the shares of NST. I then spoke to Maybank to arrange a loan for Dato’ Nazri to buy into MRCB and another loan for MRCB to buy into NST.

(e) I was directed by Datuk Seri Anwar Ibrahim to help Encik Faiz Abdullah (Datuk Seri Anwar Ibrahim’s ghost writer), together with Seow Lun Hoo of Hong Leong to buy into Kewangan Usaha Bersatu Berhad (KUBB), then owned by ldris Hydraulic Berhad. The scheme involved using Arus Murni Berhad formerly known as Timuran Berhad, a company listed on the Main Board of the KLSE as the holding company. I approached the following banks to help syndicate the loan for the purchase of KUBB shares costing above RM400 million:

i. Hong Leong Bank ii. Hong Leong Finance iii. Sime Bank iv. RHB Bank v. Southern Bank vi. BSN Commercial Bank.
Faiz Abdullah is a verv clever ghost writer and political operator for Datuk Seri Anwar Ibrahim. He is also a lawyer, ex-journalist and ex-Special Branch police officer.

13. My involvement with Tong Kooi Ong and “Master Account” in furtherance of Datuk Seri Anwar Ibrahim’s instructions landed me in trouble with the law. On 16th September 1999 1 was charged with failing to disclose truthfully information on Ben Harta Sdn Bhd shares and 51 of its properties allegedly held for my benefit totalling RM23.9 million.

14. I must state that I never knew the two gentlemen purportedly to be the shareholders of Ben Harta Sdn Bhd i.e Gan Hong Sin @ Lan Hong Sing and Gan Sor Ting. Tong Kooi Ong did indicate to me that this company holds properties and shares as part of the scheme to raise funds for Datuk Seri Anwar. I have never been shown or seen the books of the Master Account handled by Tong Kooi Ong. I am not aware of any shares held by Ben Harta on my behalf, nor the locations of the 51 properties allegedly also held on my behalf, except one (1) apartment and one (1) bungalow which I was entrusted to maintain for purpose of investment and to be later sold for the Master Account.

15. I stronglv believe that wrong information has been given to the authorities implicating me with Ben Harta Sdn Bhd. I point my finger at Tong Kooi Ong and the two shareholders of Ben Harta. They have implicated me to save their own skin.

16. Apart from the properties held under Ben Harta Sdn Bhd. I also know that a few properties have been bought for investment and the Master Account and for Datuk Seri Anwar Ibrahim’s future personal use. These properties located around Kuala Lumpur are valued at about RM15 million.

17. As regards the damaging policies adopted by BNM following the economic recession in July 1997, I must categorically, state that I was opposed strongly to these policies. I opposed the “Legal Lending Limit”, the reduction of NPLs (non-performing loans) from 6 months to 3 months, the “Credit Crunch” introduced in October 1997 and the Higher Rate of Interest. These were all policies endorsed and adopted by Datuk Seri Anwar Ibrahim. A few concerned BNM officers/ executives and I tried to halt these policies from being implemented. Datuk Seri Anwar Ibrahim even censured me for speaking out against these policies. He accused me of being “too close to the market”. I now realise that these harsh measures -were Datuk Seri Anwar Ibrahim’s political plan to crush the economy and bring Malaysia to its knees in order to invite in the International Monetary Fund (IMF) to enable Datuk Seri Anwar Ibrahim to force Dr Mahathir to resign and take over the Prime Minister’s position.

18. Following my arrest and my subsequent resgination as Executive Director of RHB Bank Berhad I have thought over my involvement with Datuk Seri Anwar Ibrahim and have come to realise that what I have done, though as I said earlier was forced upon me as one of the Executives in BNM, is indeed very regrettable. I now realise that I have been exploited and made use of by Datuk Seri Anwar Ibrahim to hold assets for his political and personal use and benefit. These assets including those held under Ben Harta, do not belong to me. As such, it is up to the government to take the necessary legal action in respect of their disposal, including forfeiture if permissible.

19. I now call upon all peace loving and loyal citizens of Malaysia to reject all the political manoeuvres by Datuk Seri Anwar Ibrahim and his supporters and instead support all the economic and fiscal efforts to bring back the economic well being of the country. I am ever ready and willing to go public to denounce the improprieties and machinations of Datuk Seri Anwar Ibrahim in furtherance of his political ambitions that are indeed detrimental to national peace, security and political stability.

20. In conclusion, I state in unequivocal terms that this Press Conference/Release made by way of Statutory Declaration was made by me voluntarily, without any inducement, threat or promise or coercion from any quarter, nor in return for any favours or special treatment in connection with the charge that I am now facing AND I make this solemn declaration conscientiously, believing the same to be true and by virtue of the Statutory Declaration Act, 1960.

Signed by the above named

DATO’ ABDUL MURAD BIN KHALID
at Kuala Lumpur, the day of 26 Oct 1999.

*************

It is clear that Anwar Ibrahim’s ‘War Chest’ is still available and being safely kept for the opportunity to be utilised, like the agenda to topple the BN led government.

Even though Anwar Ibrahim is in jail, the movement to demonise Prime Minister Dato’ Sri Mohd. Najib Tun Razak is very consistent and escalating using the 1MDB financial woes. This include WSJ providing him the platform for the voice to do more lies from behind bra.

This is one of the opportunity, to rile up some of the rakyat to distrust the entire administrative and government system, attack the corporate governance and banking and capital markets regulatory system. Eventually instigate the rakyat further to rise and launch street demonstrations, which eventually turn into a ‘Malaysian Spring’ revolution.

Just like in Tunisia, Egypt and Libya.

Nevermind the fact that Justo admitted to the crime of theft of illegally downloaded e mails of his former employer and was peddling stolen goods. Then Tong offered Justo the USD2 million bribe for access to the stolen goods and eventually cheated the Swiss guy.

Then The Edge was in possession of the stolen goods and used them in their story.

The entire acts and process are criminal in nature. Theft is a crime. Offering a bribe is a crime. Cheating is a crime. Possession  of stolen goods is a crime.

Published in: on July 26, 2015 at 12:00  Comments (5)  

The URI to TrackBack this entry is: https://bigdogdotcom.wordpress.com/2015/07/26/cheque-book-journalism-of-war-chest/trackback/

RSS feed for comments on this post.

5 CommentsLeave a comment

  1. End justifies the means. Machiavellian. No principles, bla bla bla.

    How come prepared to pay US$2 million? What’s US$2mill compared to RM3 billion Tong arranged for Anwaul Al Juburi in a dozen or so Master Accounts in his Allied Phileo and other banks when Al Juburi was Finance Minister? Read ex-Bank Negara Asst Governor Murad Khalid Statutory Declaration in the past 1-2 posts here.

    But can we know which are the truths? Thai Police Gen said Justo admitted editing the emails he copied from PetroSaudi. Justo said he gave the two groups in Singapore the “original” copies. The Edge published the Justo-claimed “original” copies. But can Justo be believed?

    Why no attempt to verify with PetroSaudi’s email records, as suggested by some in here? Awwwww, sickening this 1MDB scandal. But I agree with those who insist we must have the answers.

    • My comment up there asking readers to go to 1-2 past post to read the Murad SD was written before the SD was added to this post.

      On Arab Spring kind of street demonstrations and revolution – with Al Juburi in prison and the Police handling past demos well, it’s not likely such a situation happening in this country.

      Like for Bersih 2.0, the Military had announced their willingness to come out in support of the Police if asked, and they have done that during the race riots of 1969. Any attempt at riling up public sentiment towards that is being nipped in the bud, like done now – media publication suspension, travel ban, called to the Police Stations to make statements, where necessary, remand for several days and even charges in court.

      I have no doubt in the ability of our uniformed personnel to ensure peace and order is maintained. The Military are keen on helping to control internal threats because a break in peace and order would tempt external forces to threaten the country.

      However, all those do not absolve those concerned from giving the answers the rakyat want to know. UMNO should act to avoid losing at PRU14.

  2. When justifying the suspension of The Edge in Facebook, Minister A Rahman Dahlan said, “In fact investigations by the PAC, Auditor-General, MACC, PDRM and BNM are gathering steam and getting busier by the day. They cannot and must not be stopped,” he added.

    Wonder who wants those stopped. Anyway, it’s good that he said the investigations “are gathering steam and getting busier by the day.” Only wish we know when we will get all the answers to the questions raised on 1MDB.

  3. M. Bakri Musa12:36 a.m.
    Dear All: The central question remains . . .

    All these comments on Justo, The Edge, WSJ, and Claire Brown’s Sarawak website are distracting sideshows. I am surprised that even veteran and hard-nosed observers and commentators are taken in by these distractions.

    The pertinent points remain: How much debt 1MDB has incurred and how much is the Malaysian government’s exposure or liability? Second, is 1MDB making money or even enough money to service its loans? Releasing 1MDB’s latest financial report, whether audited or not, would go a long way to answer those questions.

    Before that, there is an even simpler and more central issue that we are missing or sidestepping. This would require only a brief “yes” or “no” response from those responsible, meaning Najib. Did he divert any funds from 1MDB to his private account as alleged by WSJ? If only the answer to that is a simple “No,” then all the other details become irrelevant.

    We all, whether pro Najib or anti Najib but as responsible citizens, should be asking him to answer that simple question. If he refuses to answer, then he should be impeached if there is such a provision in the constitution. Absent that he should quit or be made to do so.

    The central question remains whether public funds are diverted to Najib’s personal account. That is the Malaysian Nixonian equivalent of “What did the president know and when did he know about it?” of the infamous Watergate crisis.

    All other distracting commentaries that do not confront that central issue would only reveal the biases and prejudices of the commentators. We all can be spared of that.

    I would hope the the parliamentary committee and the special task force investigating this matter would answer those questions. You do not have to go to Singapore and ask its MAS to cooperate, or Thailand to interview that Justo character, or get the moon-faced fellow who is so enamored with Paris Hilton to get to answer that central question.

    The central allegation of siphoning public funds is made not by some kucing kurap anti-government blogger but by WSJ. When the Financial Times made some allegations of bribery on Tengku Razaleigh regarding the Bank Bumiputra failure of yore, he sued the outfit and won. If Najib likewise feels that WSJ is having a cock and bull story with the allegation, then go ahead and sue the paper. The lawsuit and subsequent depositions would also help reveal the truth.

    So all these hullaballoo would go away if Najib were to answer with a simple “No” to the central question and then go ahead to sue WSJ and everyone else.

    M. Bakri Musa (bakrimusa.com)

    • He is NOT going to answer that 13million-dollar question, just like he failed to answer questions fielded for the #Nothing2Hide event.

      He is just buying time. While he sues personalities and media agencies, he is afraid to sue WSJ and SR.

      That Transparency chap is also rendered SILENT for now.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: