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RM78 Million from Sarawak's Sewers - Taib's Profit
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RM 78 million from Sarawak’s Sewers – Taibs’ Shitload of profit!

Thursday, September 9th, 2010 GMT

It has emerged that Abdul Taib Mahmud and his family have conducted a massive raid on the public funding for Kuching’s new sewerage system.

Figures show that out of a total 530 million ringgit handed out from taxpayers’ money to pay for the project, a staggering 78 million ringgit has been siphoned off by the Taib family and a crony company called Nishimatsu Construction (Nishimatsu’s parent company is currently being prosecuted in Japan in connection with a massive bribery and corruption scandal).

The theft is just the latest example of the so-called ’skimming’ of publicly funded projects by using bogus sub-contracts, which has become a standard form of abuse in Sarawak under Taib. Critics have condemned it as the crudest possible form of corruption.

”Even a child could understand what is going on”, complained one outraged opposition figure last week, “the only reason Taib gets away with it is because he would sack any newspaper editor who dared to print what is going on. If the people knew the extent of it, the billions he has stolen in this way, they would be marching in fury!”.

Skimming using bogus sub-contracting is now standard practice in Sarawak

The method of theft is indeed astonishingly simple and the Chief Minister, Abdul Taib Mahmud, has made it common practice during his thirty years rule over the State of Sarawak. First he abuses his position of power by placing a project in the hands of a company run by an unqualified member of his own family or a friend. Then the crony sub-contracts the project to another company that is capable of doing the job, but for far less than the original amount. This way the Taibs pocket the difference.


In the case of the Kuching Sewerage System, therefore, it came as little surprise to insiders when it was announced on 30th September 2008that the Chief Minister had awarded the 530 million ringgit contract to a consortium of three companies that included Kumpulan Construction, which is run by his sister, Raziah Mahmud. She and Taib’s brother Onn own 87.5% of the shares in the company.

So what does Raziah Mahmud know about building a public sewerage system?

Kumpulan construction reportedly has no construction equipment and Raziah Mahmud is not qualified to build a modern sewerage system. In fact, her meteoric ‘business career’ developed shortly after Taib Mahmud became Chief Minister, when numerous public contracts started coming the way of companies suddenly started up by herself and other Taib family members.

Onlookers point out that Raziah Mahmud has only developed one area of evident expertise, which is her ability to rapidly sub-contract projects which have been handed to her by her brother. Thus, on 21st October 2008, less than a month after the original government contract was awarded to the consortium of Kumpulan Construction, Nishimatsu Construction and Hock Seng Lee Bhd (HSL) it was further announced by HSL that the project had now been sub-contracted to them alone, but at the much reduced sum of 452 Million Ringgit. This leaves 78 million ringgit unaccounted for in the hands of the other two companies, Kumpulan and Nishimatsu.

Unsavoury business partner?

Ichiro Ozawa - Japanese opposition leader forced to resign over Nishimatsu funding scandal. Who next?

Sarawak Report would therefore like to know how the missing 78 million ringgit was divided between Raziah Mahmud and the Japanese-owned Nishimatsu Construction Co?

Nishimatsu Construction hit the headlines last year when the Japanese authorities arrested its Chairman for operating a I billion Yen slush fund, which he admitted he had used to make bribes to gain foreign contracts and to make illegal political donations. The scandal forced the resignation of the Japanese opposition leader Ichiro Ozawa.

Therefore, it is only fair to demand a clear explanation of the relationship between Nishimatsu and the Taib family and to ask what work could have been carried out by Kumpulan/Nishamatsu during this three week period that could have merited a payment of what is around US $25 million?

If such enquiries have brought a top political resignation in Japan, what might a proper investigation produce in Sarawak?

Taibs’ long-standing ties with Nishimatsu

Nishimatsu admitted paying 400 million yen bribe to build this water tunnel in Thailand. What was the deal in Sarawak?

Our researches have further shown that the Kuching Sewerage project is just one of several large-scale public construction projects that have been handed in much the same way to the same consortium of Kumpulan Construction, Nishimatsu Construction and HSL.

Since Raziah’s take-over of Kumpulan in June 1986 (up to which point it was a dormant company) the projects awarded to the same three companies have included the 40,000 seat outdoor stadium at Petra Jaya worth RM105 million and The Senari Deepsea Port valued at RM160 million.

Unfortunately for the public purse however, the level of profit that Kumpulan has been able to register from these major ventures has been minimal, according to figures obtained from the Register of Companies. For example, in 1991 a turnover of MR8.5 million produced only MR 249,474 in profits and in 1991 a turnover of MR 5,811,443 produced profits of just MR 23,451. In fact for five of the years between 1986 and 1998 the company actually registered a loss for tax purposes.

How much went to Taib himself?

Given that Sarawak Report has now established that Taib family members operate a system of secretly holding shares in their companies in trust for the Chief Minister (see Unmasked – Taib the Godfather, Sarawak Report), the people of Sarawak can assume that in fact a large chunk of the money skimmed off from the sewerage project has gone straight into Taib’s own foreign bank accounts.


The vast ‘cut’ taken by the Chief Minister’s family for this project means that either the people of Sarawak have paid MR 78 million too much for the job in the first place, or that the contract is now short of money and will be inadequately carried out.

Worringly, the most likely answer is a combination of both, meaning the people of Kuching have paid too much money for a sub-standard sewerage system purely in order to further enrich the Taib family.

Reform of the system could immediately be carried out by returning to the conventional system of open tendering for public contracts, which is the globally-accepted method of preventing fraud of this nature and is supported by the main opposition parties in Sarawak.

Source

Posted on: 2010/9/13 10:24
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Re: RM78 Million from Sarawak's Sewers - Taib's Profit
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That SUX!

Posted on: 2010/9/13 22:48
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news articles copied from numerous of external resources which includes Borneo Post, The Star, Bernama. Copyright belongs to their respective owner.
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Re: RM78 Million from Sarawak's Sewers - Taib's Profit
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This Taib is unbelieavable!

What can we do to stop him ???

I am serious about this!

Posted on: 2010/9/14 9:53
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Re: RM78 Million from Sarawak's Sewers - Taib's Profit
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chong67 wrote:
This Taib is unbelieavable!

What can we do to stop him ???

I am serious about this!




You'd better believe it. He's got Saddam's blood in him and he's not quite done yet, not by a long shot. But don't be too serious ...... or you'll choke on your monster-burger!!!

Posted on: 2010/9/14 12:09
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Re: RM78 Million from Sarawak's Sewers - Taib's Profit
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kgb1 wrote:
Quote:

chong67 wrote:
This Taib is unbelieavable!

What can we do to stop him ???

I am serious about this!




You'd better believe it. He's got Saddam's blood in him and he's not quite done yet, not by a long shot. But don't be too serious ...... or you'll choke on your monster-burger!!!
..
kekeke ya lo,better just relax brthr

Posted on: 2010/9/14 12:12
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And when things get difficult , Draco's star shown more brightly for all of us who knew where to look.
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Re: RM78 Million from Sarawak's Sewers - Taib's Profit
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if you plan to start something / revolution / protest / riot .. anything else beyond the law.

please do make the discussion elsewhere secretly. public forum like this is not suitable. yesh, you might get choked on the burger if you do that.

Posted on: 2010/9/14 13:48
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Re: RM78 Million from Sarawak's Sewers - Taib's Profit
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opportunist....i like it...must learn from him!!

Posted on: 2010/9/14 23:58
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Re: RM78 Million from Sarawak's Sewers - Taib's Profit
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I see. You know it is very frustrating with all these abuse from him.

Maybe I can use my computer as a forum to start a protest to get him out of office.

I dont know much of anyone in Kuching.

Being him at the top, he got insider news and of course he can move quicker then anyone else.

This is again, conflict of interest.

Have you ever heard of a lawyer that represent a criminal and victim's family? How is this possible you ask? OK, how is this possible with Taib.

The same thing that goes for Insider Trading at a Stock Company too.

Taib is not suppose to do this sort of things!

Sukato making his family rich.

Marcos making his family rich.

You all think this is fair and funny?

Posted on: 2010/9/15 3:51

Edited by chong67 on 2010/9/15 4:06:37
Edited by chong67 on 2010/9/15 4:14:30
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Re: RM78 Million from Sarawak's Sewers - Taib's Profit
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It happens everywhere la. Look at George Bush - who started the recent Iraq war and his links to Halliburton, the 2nd largest oilfield company in the world. I think that's much worst than what's going on here.

At least here millions of people didn't die.

If you don't like the way things are run here, vote for change in the coming elections. That's about all you can do really.






Posted on: 2010/9/15 10:18
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Re: RM78 Million from Sarawak's Sewers - Taib's Profit
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LOL

People said Bush attack bc of the oil fields. But USA is already doing pull out. So how to explain that?

Then USA attack country that got resource. OK, what about Haiti and Afghanistan that got lots of poppy seeds? Oh yah, thats for the drug that USA consume. So that was the war there.

I guess in the end, if you dont like what you see, just leave the country. Leave the poor, sick, unfortunate, n those that can tolerate abuse behind.

Posted on: 2010/9/15 11:04
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