Periok memanggil kuali legam

Pemimpin politik tinggal wajar cuba berlagak suci sedangkan diri sendiri pernah bergelumang ‘mengotori’ dengan kancah permainan korporat, yang masih menjadi tanda-tanya bagaimana ianya bermula tatkala asas permulaan itu sebenarnya adalah alat proksi pengamal kroni kapitalism (capital cronysim).

Tindakan terhadap jenayah korporat

Penulisan ini konon-konon sebagai peringatan penjarah pasaran modal dan sektor permodalan.

Penulis yang hari ini menjadi politikus dengan menggunakan pengaruh kewartawanan untuk memanjangkan agenda politik, beberapa menyundalkan aspek kewartawanan dengan penulisan yang tidak adil dan termasuk penulisan yang disifatkan penghinaan institiusi Raja sehingga disiasat polis bawah laporan kerana percubaan menghasut.

Pendefinisan peribadi melalui penulisan yang tiada asas untuk membelakangi hujah dah pendapat sebenarnya mungkin akan lebih mengelirukan pembaca, sekiranya tidak agenda peracuni minda pemikiran orang ramai.

Hakikatnya, aktiviti dalam pasaran modal dan permodalan saham tiada definisi dah takrifan jelas membezakan dan memberikan sempadan mutlak antara perdagangan, permainan dan kegiatan mencari untung pasaran (market trading, rigging and profit taking).

Kemungkinan besar ianya akan atas pentafsiran pihak yang berwajib pada keadaan semasa, untuk mengariskan sempadan berasasnya peruntukan perundangan dan andaian pihak penyiasat.

Ianya akan menjurus kepada menghampakan peserta dan pengendali pasaran modal dan permodalan baru, terutama mereka yang akan melapesi industri dengan modal baru dan kedudukan kewangan dan pembiayaan kewangan akan datang.

Ini termasuk peserta Melayu dan dikalangan professional muda dan baru berjaya menjayakan perniagaan dan perusahaan mereka, terutama dalam zaman digital dan perdagangan elektronik, yang memberikan begitu luas peluang meneroka kekayaan baru.

Kekayaan dan dana baru serta akses kepada derivatif dan instrumen kewangan baru dan canggih akan mudah disalah tafsirkan sebagai amalan capital cronyism dan permainan proksi, terutama sebagai topeng dan boneka politik.

Ianya mengungkit sejarah gelap lepas pasaran modal dan eksesais korporat tatkala, Melayu Baru mula mendapat kedudukan dukungan pasaran modal yang semakin kukuh dengan peluang perusahan dan perniagaan mencanak naik terbit dari dasar politik dan peluang yang dipelupuri kerajaan memerintah.

Laporan Straits Times:

Lawsuit sheds light on UMNO Inc

Mr Khalid (above) is suing Mr Rahman for payment for a block of Realmild shares. — PHOTOS: NEW STRAITS TIMES, THE STAR/ASIA NEWS NETWORK, REUTERS

The Straits Times, August 28, 2010

Among the disclosures: How nominees hold shares on behalf of leaders

By Leslie Lopez, Senior Regional Correspondent

KUALA LUMPUR: A court battle here over shares in a company that once controlled Malaysia’s most established media group is offering a rare glimpse into how Umno’s business empire worked.

Specifically, it is shedding unusual light on the ruling party’s use of nominees, who held stakes in companies on behalf of leading figures like the former prime minister, Tun Dr Mahathir Mohamad.

The dispute in question centres on a block of shares of Realmild Sdn Bhd, a private entity which, at one time, owned controlling stakes in publishing group New Straits Times (NST) Bhd and Sistem Televisyen Malaysia Bhd, or TV3, two media entities affiliated to Umno.

Businessman Khalid Ahmad, one of four original shareholders of Realmild, is suing another businessman, Datuk Seri Rahman Maidin, for reneging on an agreement to pay roughly RM10 million (S$4.3 million) for Datuk Khalid’s 5 per cent interest in the investment holding company.

The sum involved is paltry for business disputes involving large corporations in Malaysia. The court case also does not affect control of the two media entities, which are now in the hands of the state’s Employees Provident Fund (EPF).

But the testimonies and court documents have shown the extent of influence senior members of Malaysia’s political elite, including Dr Mahathir, had in the running of large Malaysian conglomerates.

Some of the more startling disclosures in the Realmild case included a letter Mr Rahman wrote in early 2002 to Dr Mahathir, who was then premier and Umno president.

In the letter, Mr Rahman said he would abide by instructions from Tan Sri Nor Mohamad Yakcop, currently Malaysia’s Economic Planning Minister, to surrender his entire shareholding in Realmild because the shares were held in trust for Umno.

Separately, another nominee, Datuk Nazri Abdullah, a former editor of the NST Group and one-time Realmild shareholder, told the High Court he had held 70 per cent of Realmild in trust for Dr Mahathir.

‘I transferred all my shares. I would have kept them if they were mine,’ he told The Straits Times later.

Umno’s corporate holdings have long been a subject of keen interest among bankers and foreign investors because of the party’s dominant role in government and its control over the national economy.

The party has been in business since the late 1960s. But its corporate expansion went into overdrive only after Dr Mahathir became prime minister and Umno president in 1981.

Under him and then-finance minister Daim Zainuddin, large state contracts were awarded to corporate affiliates of the party under Malaysia’s privatisation programme.

In the case of Realmild, it shot to prominence in early 1991 when it emerged as a private vehicle used by close associates of the then-deputy premier Anwar Ibrahim to take control of NST and TV3, both of which were at the time part of the Renong group, a larger, public-listed segment of the Umno business empire.

At the time, Datuk Seri Anwar was widely considered to be Dr Mahathir’s heir.

However, both men fell out bitterly in 1998. Mr Anwar was subsequently jailed on charges of corruption and sexual misconduct, while his closest associates were purged from their privileged positions in politics and business.

Among the fallen were Mr Nazri and Mr Khalid of Realmild.

Questioned in court this week, Mr Nazri acknowledged that he was a victim of the Mahathir-Anwar fallout.

He also said that he was ordered by Tun Daim, who was also Umno treasurer then, to transfer his 80 per cent holdings in Realmild to new business nominees for the party.

‘I was holding 70 per cent in trust for Dr Mahathir,’ he told the court, adding that the other 10 per cent were his own shares.

Mr Rahman was later picked as the new nominee for the Umno shares and he negotiated separately to acquire roughly 5 per cent of Mr Khalid’s shares in Realmild for RM10 million.

According to court documents, Mr Khalid received half the settlement amount and is now suing Mr Rahman for the remainder.

Mr Rahman himself later fell victim to the vagaries of Malaysian politics when Dr Mahathir and Mr Daim had a falling-out.

He is refusing to settle with Mr Khalid because he claims that he himself was not paid when he was ordered to surrender his holdings in Realmild back to Umno. He is also disputing that Mr Khalid was the rightful owner of the shares.

*********

Haikatnya, sehingga hari ini pasca suku abad setelah ianya berlaku eksesais korporat dimana seorang wartawan pemakan gaji (salaried journalist) yang tiada modal dan rekod sebagai usahawan boleh terlibat dan didanakan dalam skima pembiayaan berjumlah RM806 juta melalui pembiayaan dana sindikasi.

Ianya masih menjadi tandatanya dan misteri bagaimana proses meluluskan pembiayaan saham oleh sektor perbankan dan pasaran kewangan masa itu dan bagaimana kuasa politik dan eksekutif Kerajaan boleh mempengaruhi keputusan sektor perbankan, pembiayaan modal dan pasaran saham, dana dan laba.

Sekiranya diri sendiri dan gerombolan tertentu telah terjerebak dalam kancah korporat menjadi keparat capital cronyism dan menjadi bahan perbincangan yang hangat setelah sekian lama, termasuk media antarabangsa, maka tidak wajar untuk hari ini berlagak suci.

Konco-konco kroni sealiran dan sebakul musim yang sama begitu tamak menagih-agihkan sesama mereka peluang untuk menjarah sektor permodalan, dengan modal dan amalan capital cronyism yang sama dan bertopengkan untuk kepentingan dan kelangsungan politik pihak tertentu.

Apakah hari ini, ‘tangan ghaib’ dahulu menjelma semula dan sedang mengorak langkah untuk menguasai samada secara langsung atau tidak pasaran modal, permodalan, dana dan laba.

Ianya lebih menjadi misteri terutama pasaran modal, dana dan laba hilang lebih RM200billion sepanjang dua belas bulan kebelakangan ini dan dikatakan pemain asing telah melepaskan pegangan dan pengaruh mereka kepada pasaran dan industri dana dan laba tempatan.

Kelompongan ini memberikan ruang kepada kuasa kroni kapitalis, untuk menguasai dan mengaut banyak peluang dalam pasaran modal dan saham, terutama apabila harga dan nilai pasaran amat rendah dan tidak menberikan kesaksamaan pada nilai asset bersih (net tangible asset).

Hari ini, percaturan dan perlumbaan pengaruh, penguasaan dan pertentangan politik antara dua pemimpin politikus tertinggi lebih suku abad lampau kembali mengunjung dan akan menyundalkan semula senario politik Malaysia, terutama orang Melayu.

Allahualam.

Published in: on January 28, 2019 at 23:45  Leave a Comment  

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