[Tee tiong huat]

Let's see how new Agong's action on corruption.

So...So...There is No One Now Can Handle Dr M the Old Fox. Let See Who Can?, some one with a special brain and with special power. Think so.

Dr M and son...wish u All Good Lucky.

[Tee tiong huat]

A-G can discontinue cases! Yes or no. If they are proven to be politically-motivated. Then let see, malaysia PM Anwar got case or no case.

He is 98 years old already, hope his heart can take it. Honorary (titles )‘Tun’ is bestowed on Mahathir should not exempt him from corruption investigations. He advocated re-examining old scandals involving state enterprises like Perwaja Steel which occurred during Mahathir’s 1981-2003 tenure.

Daim asset seizure seen as prelude to Malaysia investigating ex-prime minister Mahathir, one is his right hand man and the other is his son. Two big big fishs. How???.

[Tee tiong huat]

28th December 2023 – (Kuala Lumpur) Malaysia’s crackdown on corruption in high places has turned its sights on billionaire businessman Mirzan Mahathir.

Marking an expansion of investigations beyond initial targets. Authorities last week seized a landmark skyscraper owned by former finance minister Daim Zainuddin, Malaysia’s wealthiest tycoon with close ruling party ties. Now graft busters have opened a probe into Mirzan, eldest son of influential ex-premier Mahathir Mohamad. Daim, is daim is very quiet.

As Anti-Corruption Commission is examining a 1990s corporate deal between United Engineers Malaysia and Renong Berhad, a construction conglomerate linked to Mr. Daim and former ruling party UMNO. Mr. Mirzan, Mr. Daim’s associate Halim Saad, and lawyer Abdul Rashid Manaf are says.

Authorities believe over US$500 million may have been embezzled in the opaque transaction. Mr. Mirzan amassed a fortune in the 1980s and 1990s through ties to UMNO patronage networks led by his father, Dr. Mahathir.

The nonagenarian ex-premier exerts influence through crony capitalists and political scions like Mirzan. Seizures of Daim’s assets and probes of Mr. Mirzan thus deliver an unsubtle message

[Tee tiong huat]

Mahati former finance minister so rich.

His Daim, diam dian very quiet this day.  He's more worry about his own son, for this old 98 yrs Fox....karma is slowly coming.

[Tee tiong huat]

A-G can discontinue cases! Yes or no. If they are proven to be politically-motivated. Then let see, malaysia PM Anwar got case or no case.

He is 98 years old already, hope his heart can take it. Honorary (titles )‘Tun’ is bestowed on Mahathir should not exempt him from corruption investigations. He advocated re-examining old scandals involving state enterprises like Perwaja Steel which occurred during Mahathir’s 1981-2003 tenure.

Daim asset seizure seen as prelude to Malaysia investigating ex-prime minister Mahathir, one is his right hand man and the other is his son. Two big big fishs. How???.

In fact, Mahathir himself had admitted publicly in 2002 that Perwaja lost RM10 billion in a dialogue with Malaysians in London where he also admitted that there were possible misappropriation of funds and mismanagement in Perwaja.

Rakyat Marhaen...This was what the Wastage of Taxpayer Funds Report said:

Estimated losses: more that RM10 billion

You may have seen online somewhere the long list of scandals in Malaysia that has resulted in the country losing billions and billions of ringgit. 

Time Magazine quoted an economist at Morgan Stanley in Singapore as saying that the country might have lost as much as US$100 billion since the early 1980s to corruption. One of these scandals is the Perwaja Steel project which is usually associated with a loss of RM2.56 billion. But it seems like RM10 billion is a more likely figure. 

In fact, Mahathir himself had admitted publicly in 2002 that Perwaja lost RM10 billion in a dialogue with Malaysians in London where he also admitted that there were possible misappropriation of funds and mismanagement in Perwaja.

Perwaja Steel started in 1982 as a joint venture between the government-owned Heavy Industries Corporation and the Japanese company Nippon Steel Corporation. This was supposed to be a showcase project in Mahathir’s push for industrialization. A steel plant costing RM1 billion was built in Terengganu to supply the domestic needs for steel products.

However, Perwaja encountered production problems and was saddled with large debts. Since the borrowings were in yen – which appreciated significantly at that time – interest payments were getting higher. In 1987 Nippon Steel pulled out the project. 

Mahathir then brought in his friend Eric Chia in 1988 to run Perwaja and to turn it around. He was given full authority to do what was necessary to reverse Perwaja’s performance and reported directly to Mahathir.

Another RM2 billion was pumped into Perwaja with govt funding and loans from Bank Bumiputra (RM860 million) and EPF (RM130 million). New facilities were built in Terengganu and in Kedah. Eric Chia helmed Perwaja for seven years.

Initially, he seemed to have succeeded in turning around Perwaja but after he resigned abruptly in 1995 it became clear that that was not the case. 

Total losses had increased to RM2.49-bil from RM1 billion when Eric Chia took over. Perwaja was crippled by additional debts amounting to RM5.7 billion.

The new management of Perwaja prepared an internal report where it claimed the following among others:

– inaccurate accounting records

– unauthorised contracts amounting to hundreds of millions of ringgit

– alleged misappropriation of funds

– dubious maintenance contracts amounting to RM292 million (including a contract amount of RM200,000 per month to a company for gardening, cleaning and vehicle maintenance)

– award of RM957 million contract to companies of a long time associate of Eric Chia

In 1999, Anwar made a police report stated that “He (Eric Chia) in fact repeatedly claimed his actions had the support and under the directions of Prime Minister Dato Seri Dr. Mahathir. This is further substantiated with letters written by the Prime Minister himself. With the so-called mandate, the Board was sidelined, tender procedures were blatantly ignored and there were quesitonable, ‘unsatisfactory’ payments made to certain parties.”

After many years of inaction by the ACA and the police, Eric Chia was finally charged for dishonestly authorizing (not pocketing) a payment of RM76 million (0.076 billion) in 2004. This only happened after Mahathir stepped down as PM, with Badawi took over. RM76 million is a lot of money but it is miniscule compared to the total loss estimated to be more than RM10 billion. Eventually, Eric Chia was acquitted by the courts in 2007.

The following sums up quite well this costly Perwaja misadventure,

“Perwaja looked like no more than a shining example of a politically conceived, commercially questionable and poorly executed enterprise that predictably failed. Despite lavish funding, a robust economy much of the time and protection from competing imports in the form of both tariffs and quotas, the company was never able to produce steel profitably. It suffered from chronic operating problems and a crushing debt load, including stiff foreign-exchange losses on heavy borrowing abroad. Even after the government decided to swallow RM9.9 billion in accumulated losses and privatize Perwaja in 1996, it continued to flounder.

Yet there was a more sinister side to Perwaja that guaranteed it an exalted place in the pantheon of Malaysian financial scandals. An unknown portion of the RM15 billion or more that the company consumed was ripped off in various rackets and ruses. Although both internal and external reports confirmed that the company was bled white, almost nothing was done to bring the culprits to justice and recover the funds.” – Barry Wain

Sources:

1. Barry Wain (2009) “Malaysian Maverick – Mahathir Mohamad in turbulent times”

2. Lim Kit Siang (2002), “DAP calls for Royal Commission of Inquiry into RM10 billion Perwaja scandal with former ACA director-general Zaki Husin appointed to assist the inquiry to ensure that Malaysia does not get into the Guinness Book of Records in having the most heinous mega scandals without criminals”

OTHER SCANDALS:
1. Bank Bumi scandal (RM10 billion)
2. Maminco-Makuwasa Affair (RM1.6 Bil)
3. Forex scandal in early 90s (RM30 billion)

[Tee tiong huat]

High-profile court cases to look out for in 2024...Malaysia Boleh.
https://www.malaymail.com/#google_vignette

[Tee tiong huat]

Let's see how new Agong's action on corruption or PM Anwar can or cannot?.

So...So lehh. There is No One Now Can Handle Dr M the On Fox. Let See Who Can?, some one with a special brain and with special power. Thinking...

KUALA LUMPUR, Jan 1 — As 2023 concludes, the legal stage in Malaysia is set for another year of captivating court cases, promising a mix of unfinished business, appeals & pivotal verdicts, enter 2024, let’s take a closer look at the high-profile cases that are expected to unfold, capturing the nation’s attention. Mark these dates on your calendar:...Monday, 01 Jan 2024. KUALA LUMPUR News.

A) Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi at the Kuala Lumpur High Court on High-profile court cases to look out for in 2024.

B) Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor at Selayang Sessions Court in Kuala Lumpur October 4, 2023. Moving into the political arena, Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor will face two sedition charges. Scheduled for a 12-day hearing starting January 2024, charges relate to seditious words uttered during political talks last July. If convicted, Sanusi could face a maximum fine of up to RM5,000 or imprisonment for up to three years, or both.

C) Najib's bid for acquittal in SRC International case. The former PM Datuk Seri Najib Razak arrives at the KL High Court December 18, 2023.  Former PM, Datuk Seri Najib Razak is set to make headlines again as he applies in High Court to be acquitted of three money laundering charges involving 1MDB subsidiary SRC International Bhd funds totalling RM27mil.

D) The month will also see appeal of former Tronoh assemblyman Paul Yong Choo Kiong, who faces a 13-year prison term and whipping sentence for the alleged rape of his maid in 2019. Yong was a former DAP man turned but is now the senior vice-president of Parti Bangsa Malaysia.

E) Simultaneously, Court of Appeal is set to hear prosecution’s appeal against High Court’s decision to acquit Tan Sri Muhyiddin Yassin of abuse of power charges involving RM232.5 million.

MARCH -- Zahid Hamidi's corruption case.
Deputy PM Datuk Seri Ahmad Zahid Hamidi at KL High Court on Sep 4, 2023.

March 18 marks the Court of Appeal hearing prosecution’s appeal against the acquittal of DPMi Datuk Seri Ahmad Zahid Hamidi on corruption charges related to a foreign visa system contract.

On September 23 last year, Shah Alam High Court acquitted & discharged Ahmad Zahid, who is now DPM minister, of all the charges after ruling the prosecution had not made out a prima facie case against him. The prosecution then filed its notice of appeal to the COA.

The Umno president had pleaded not guilty to 33 counts of receiving bribes amounting to S$13.56 million (RM47 million) from Ultra Kirana Sdn Bhd (UKSB) for himself as home minister...

[Oyk]

Mahathir might have the hunch in his interactions with Anwar that the latter was going to deal with corruption. This could be the reason why Anwar was falsely accused and sent to jail, and why Mahathir refused to let Anwar take over the top job after Najib was ousted.

Now Mahathir's son is also under investigation.

As long as Anwar is clean, and he is not flushing out these corrupt ministers and their cronies out of revenge, I think what he is doing is good for Malaysia.

[Tee tiong huat]

The Malaysia Law now have a very long long hard head and a very very long hand.

Gabungan Parti Sarawak (GPS) has no intentions to be involved in purported "Dubai Move", said Parti Pesaka Bumiputera Bersatu (PBB) executive council member Fazzrudin Abdul Rahman, he said movement may only plunge Malaysia into a deeper crisis. This is b'cos...word will bite Anwar back when Dubai move plunge nation into deeper crisis?. 

PBB 30/12 Sat. Bersatu lawyer: MPs withdrawing support a constitutional right, not treason. J-Kom claims ‘Dubai Move’ in the works to topple Anwar admin.

[Tee tiong huat]

Mahathir might have the hunch in his interactions with Anwar that the latter was going to deal with corruption.  This could be the reason why Anwar was falsely accused and sent to jail, and why Mahathir refused to let Anwar take over the top job after Najib was ousted.

Now Mahathir's son is also under investigation.

As long as Anwar is clean, and he is not flushing out these corrupt ministers and their cronies out of revenge, I think what he is doing is good for Malaysia.

Let's see how new Agong's action on corruption or PM Anwar can or cannot?.
So...So lehh. 

There's No One Today Can Handle Dr M the on Fox. Let See Who Can?  Some one with a special brain and with special power...  Malaysia Boleh can or cannot.

[Oyk]

Let's see how new Agong's action on corruption or PM Anwar can or cannot?.
So...So lehh. 

There's No One Today Can Handle Dr M the on Fox. Let See Who Can?  Some one with a special brain and with special power...  Malaysia Boleh can or cannot.

The Johor Sultan mulled over the idea that Malaysia's Anti Corruption Bureau reports to the King.

Will Malaysia's Parliament approve the change?  If most of the MPs and their cronies are going to be flushed out, how do you think they will vote?

I think it still falls on Anwar to catch them one by one.  He can start with the big monkeys like Daim and Mahathir's son.  

Why Mahathir's son and not Mahathir?

Mahathir probably does not have much in savings given his official salary as a PM.  He also does not have many years left to live, so the investigation and court case will be left dangling should he die.  Going after his eldest son who is a billionaire, not in ringgit but in US Dollars is the best way to get the old fox who is already having sleepless nights.  Recently, he threatened to sue Anwar and demanded that the latter retract certain statements.  Anwar showed him the middle finger.

[KILLjoy]

[Tee tiong huat]

Let's see how new Agong's action on corruption or PM Anwar can or cannot?.
So...So lehh. 

There's No One Today Can Handle Dr M the on Fox. Let See Who Can?  Some one with a special brain and with special power...  Malaysia Boleh can or cannot.

Iconic Merdeka Stadium to host Sultan of Selangor Cup, says chairman...Sultan of Selangor Cup Committee chairman Tan Sri Abd Karim Munisar is seen while visiting and surveying the repair works being carried out at the Merdeka Stadium in Kuala Lumpur January 3, 2024. — Bernama

[Tee tiong huat]

Iconic Merdeka Stadium to host Sultan of Selangor Cup, says chairman...Sultan of Selangor Cup Committee chairman Tan Sri Abd Karim Munisar is seen while visiting and surveying the repair works being carried out at the Merdeka Stadium in Kuala Lumpur January 3, 2024. — Bernama

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Iconic Merdeka Stadium to host Sultan of Selangor Cup, says chairman

Iconic Merdeka Stadium to host Sultan of Selangor Cup, says chairman

Sultan of Selangor Cup Committee chairman Tan Sri Abd Karim Munisar is seen while visiting and surveying the repair works being carried out at the Merdeka Stadium in Kuala Lumpur January 3, 2024. — Bernama pic

Wednesday, 03 Jan 2024 8:19 PM MYT

KUALA LUMPUR, Jan 3 — The Merdeka Stadium is set to come alive again after being chosen as the venue for the 2024 Sultan of Selangor Cup on August 17.

Sultan of Selangor Cup Committee chairman Tan Sri Abd Karim Munisar said they chose the iconic stadium to host the 20th edition of the competition to give football fans a nostalgic trip down memory lane at the venue where many national football legends made a name for themselves.

Among them are the late Datuk Mokhtar Dahari and Datuk R. Arumugam; Datuk Santokh Singh and the towkay himself, Datuk Soh Chin Aun.

“That’s why we are maintaining the Merdeka Stadium in its original form, (for example) there is no digital scoreboard.

“Repair works are 70 per cent completed and it (the stadium) will be ready by the end of February for us to host the Sultan of Selangor Cup after a four-year hiatus due to the Covid-19 pandemic,” he told reporters after visiting the stadium here today and surveying the repair works being carried out.

He said besides Sultan of Selangor Cup between Selangor Selection and Singapore Selection, match between veterans of both teams will also be held at the same venue.