3 Dec 2011

Taib’s Timber Connections – More Business Links To Top Tycoons

Taib’s Timber Connections – More Business Links To Top Tycoons

This post is also available in: Iban, Malay

It is time the forces of law and order came to the assistance of the Penan people, who are bravely continuing to resist the illegal destruction of Sarawak’s rainforest by Taib Mahmud’s logging cronies.

Instead they are helping the loggers tear down Penan blockades to protect their native lands.

“The whole world should know that we have given the logging companies four warnings already”, Penan leaders (above) announced last week, after their blockade had been ripped down by the logging companies, backed by the police for the 4th time in a week.

“From now on, we Penan will take all necessary measures to protect our forests and we will make the logging companies aggression on our livelihoods responsible for whatever might happen.”

Mental illness of greed

Why are these gentle people being forced into such a perilous stand by this assault on their very existence and the remaining few trees left standing in Sarawak’s Borneo Jungle?  The reason lies with the terrible sickness of mind that now afflicts the Chief Minister Abdul Taib Mahmud.

As we have demonstrated time and again on this site, Taib has run all the logging, plantations and exports from the state purely for his own enrichment.  The land has been destroyed and the people are far worse off than before.  Extremely valuable trees and resources have been plundered with the excuse of a ‘development’ that has never happened.

Now Taib promises that his latest mega-project, SCORE, will provide the promised wealth to his people that logging and oil palm have failed to do.  It will not.  In fact, it can already be demonstrated that this entire project is also purely designed to push more public money (or worse, borrowed money) through companies run by his own family mafia.

WTK – criminal conflicts of interest

stripping the jungle

Sarawak Report has already demonstrated the extensive links between Samling and Taib family concerns.  All the crony timber tycoons have had to bribe heavily for their favoured status and permits from Taib to continue their psychopathic destruction of the jungle.

We can now reveal how WTK’s own shareholder lists expose the extensive and corrupted Taib family interests in that company.  As major shareholders this means the Taibs benefit every time WTK cuts down a tree thanks to a permit from Taib.  This is why it is a criminal conflict of interest for Taib to issue such permits (without tender) to companies where his close family are major shareholders.

Marjaharta again

To begin with the company Marjaharta, the main shareholder in CMS, which we demonstrated is controlled and to all purposes owned by Taib himself, has also been a major shareholder in WTK.

Marjaharta started out ‘belonging’ to Taib’s brother Onn Mahmud, but was then handed to Taib’s sons in 2003 when Taib and Onn quarrelled. It has now been handed on again and put in the hands of Taib’s daughters Jamilah and Hannifah!  Jamilah has stated that she is just “a passive investor in Sarawak”, yet Majaharta is investing in WTK which is actively destroying the rainforest.

Another of the main shareholders in WTK has been Taib’s other brother Tufail.  Tufail remains the Director of one of WTK’s subsidiaries Song Logging Company.

We have already exposed how Tufail Mahmud was given shares in another major logging company Sanyan, which he attempted to conceal under proxies at the time that huge timber concessions were being granted by Taib to the company.

WTK’s top shareholders have included Taibs daughters and brother Tufail

 AIG connection

There is also considerable concern over the clear involvement of America’s major insurance giant AIG in WTK’s environmentally destructive activities arising out of its criminal connections with Taib Mahmud.

The 4th largest shareholder in the company was for many years managed by AIG through a trust account in the money laundering and tax haven of the British Virgin Islands.  AIG Goldflow, which then became Pinebridge Goldflow (under a subsidiary of AIG) has only just been sold on to another investment management concern called Pacific Century Group.

Goldflow – WTK’s 4th biggest shareholder is a company that was managed by AIG out of the British Virgin Islands

 Strikingly the address used by AIG Goldflow/Pinebridge Goldflow was that of the Integro Trust, based at PO Box 438, Tortola, BVI.

Coincidental ? The same PO Box address as the Taib family businesses in BVI

This address is used by a number of companies, including the Taib connected companies Astar Investments and TESS Investments (which has invested millions in open-ended, interest free loans in Taib’s daughter Jamilah’s company in London, Ridgeford Properties).

It is also the same PO Box address as CMS Ltd, BVI.

Pinebridge Goldflow has now been taken over by PacificCentury Group, which is managed by a Canadian from Ottawa, where Jamilah lives.  Michael W Verge spent the years from 1981-1987 working in Malaysia and has also acted as the Chief Financial Officer of pulp and paper company in the region.

Malaysia and Ottawa connections of the new boss managing Pinebridge Goldflow

Perhaps Michael W Verge or AIG could assist us in determining the actual owner of this mass of shares in WTK, a company that receives such a favoured status when it comes to the issuing of permits by the Chief Minister?

Taib’s greed is the driving force behind deforestation and the extinction of the Penan people

Last stand – the Penan blockades are constantly torn down

Taib has already foolishly admitted “I have more money than I could ever spend” – a remark that was recorded.

Given his many years in public office on a fixed salary, such wealth could ONLY have been gained illegally.

But, Taib has clearly started to find out what so many rich people do, which is that money alone cannot satisfy more than some of our human needs.  His sickness is that he clearly thinks that by amassing even more billions than he has already, he will solve this problem.

The likes of Bill Gates, Warren Buffet and many other intelligent wealthy people have realised that the best use of excess money is to spread it to those who do not have enough of it.  Likewise, Taib should be paying the Penan to act as custodians of Sarawak’s remaining jungle, so that tourists from all over the world can be attracted to visit Borneo’s unique heritage and protect it.

But the sick old miser and his grasping relatives cannot bear the thought that trees could be left standing for someone else to turn into cash!

Meranti – where we see beauty, Taib sees money growing on trees

He knows it has been a terrible crime to cut down the jungle, which is why he so blatantly lies to the outside world and pretends that 80% has been left untouched.  But, driven by his mental illness of excessive greed, he cannot help himself.

Even worse, in his hurry to lay his hands on the wealth of Sarawak Taib has flogged off these valuable resources incredibly cheap.  Borneo has suffered the fasted rate of deforestation in the world.

A cleverer and less money-mad ruler would have carefully conserved the supply of wood and land and kept the prices up – but, Taib sold it all cheap to the Japanese as quick as he could cut it down.  The reason?  To at least make sure that he personally got the lion’s share of the money.

Taib is now old and sick, he can’t buy his way out of either or these conditions.  Neither should he be left in any doubt as to how he will be remembered after he is gone.  The judgement of history is another thing that can never be bought.

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  • Money Laundering 101

    Two mega-looting projects done by Peter Chin(Energy, Green Technology and Water Minister):

    1. RM3 Billion Kuching City Centralized Sewerage (for Taib Raziah Geneid HSL Kumpulan Parabena Nishimatsu)

    2. RM9 Billion Pahang-Selangor water tunnel (for UMNO Pahang Nishimatsu)

    And both mostly gone to NISHIMATSU the corrupt Japanese firm! Surely a big angpow Ali Baba cut to Taib and UMNO for close one eye !

    Such a ‘Green Technology’ projects approved deal by Peter Chin eh??? SUPP folks must be very proud lah!

    But first look at how cunning Peter Chin’s reply in Dewan Rakyat regarding Nishimatsu. What a joke!

    _________________________

    Q&A Session in Dewan Rakyat

    Opposition MP Khalid Samad (PAS-Shah Alam) questioned Peter Chin(Energy, Green Technology and Water Minister) on why a dubious, corruption-tainted Japanese company given such mega-project:

    TUAN KHALID BIN ABDUL SAMAD [ SHAH ALAM ]

    Thursday, 15 April 2010 – 07:32pm

    Speak

    Session: May-August

    Date: Monday, 22 June 2009

    Question:

    Minta MENTERI TENAGA, TEKNOLOGI HIJAU, DAN AIR menyatakan mengapakah Nishimatsu Construction Company yang sedang disiasat berhubung dakwaan rasuah di Jepun dan beberapa tahun lalu dituduh cuai dalam satu projek pembinaan di Singapura diberikan kontrak besar RM1.3 bilion bagi membina saluran paip air bawah tanah dari Pahang ke Selangor.

    Answer:

    Tuan Yang Dipertua,

    Untuk makluman Ahli Yang Berhormat, komponen pembinaan terowong bagi Projek Penyaluran Air Mentah Pahang Ke Selangor telah ditawarkan secara tender terbuka. Pembida bagi komponen ini telah dinilai berpandukan Tatacara Perolehan Kerajaan dan Guidelines for Procurement Under JBIC ODA Loans 1999. Nishimatsu Construction Company bersama Shimizu-UEMB-IJM telah menyertai tender ini dan didapati memenuhi kriteria tender yang telah ditetapkan. Oleh yang demikian, syarikat berkenaan telah ditawarkan kontrak bagi melaksanakan komponen tersebut.

    ___________________________________

    1. RM3 Billion Kuching City Centralized Sewerage (for Taib Raziah Geneid HSL Kumpulan Parabena Nishimatsu)

    Project Title: Kuching City Central Wastewater Management System: Centralized Sewerage For Kuching City Centre (Package 1)

    Main contractor: Nishimatsu Construction Co. Ltd / Kumpulan-Nishimatsu-Hock Seng Lee Consortium

    Main contract sum: RM530 Million

    Subcontractor: Hock Seng Lee Bhd

    Subcontract sum: RM452 Million

    Contract sum difference: RM530 Million – RM452 Million = RM78 Million ? ? ?

    Subcontract Ali-Baba rate = RM78 Million / RM530 Million = 14.71 Percent ? ? ?

    That’s only Package 1, so with another few packages with RM3 Billion worth of total fundings then the total cost of Ali-Baba leakage could be (14.71 Percent of RM3 Billion) RM441.3 Million.

    Nishimatsu Japan site quoted exactly the SAME project (Centralized Sewerage for kuching City Centre Package 1) with Japanese Yen 15,200 Million as project value so upon conversion back to our Ringgit currency (as at 21st October 2008 Yen-Ringgit exchange rate) the estimated project value is RM531 Million, so it’s quite tally to what all the press reported as RM530 Million total contract sum of the SAME project.

    Using Yahoo’s Currency Converter tool:

    Estimated 15,200 Million Yen = RM531 Million

    (Japanese Yen 15,200 Million = RM531,922,398.4491)

    Conversion date reference = 21st October 2008 (as per HSL annoucement)

    Next, let’s check the Bursa Malaysia Announcement under Hock Seng Lee’s tab which reported exactly the SAME project but with LOWER subcontract sum (RM452 Million).

    General Announcement

    Reference No HS-081018-37847

    Company Name : HOCK SENG LEE BERHAD

    Stock Name : HSL

    Date Announced : 21/10/2008

    Type : Announcement

    Subject : AWARD OF SUBCONTRACT

    Contents:

    The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that HSL has been awarded a subcontract by Nishimatsu Construction Co. Ltd, worth Ringgit Malaysia Four Hundred Fifty Two Million Fifty One Thousand and Twenty Eight Only (RM452,051,028) for the Kuching City Central Wastewater Management System: Centralized Sewerage For Kuching City Centre (Package 1))(“the Project”).

    The scope of works for HSL includes construction and commissioning of the wastewater treatment plant, main, secondary and tertiary lines, property connections, provision of process plant and equipment, related building works, mechanical and electrical works.

    The contract period for the completion and commissioning of the wastewater treatment plant and the sewer networks is forty-eight (48) months commencing 15 October 2008. The Contract is expected to contribute positively to the earnings and net assets of HSL Group as the Project progresses during the contract period. However, the transaction will not have any effect on the share capital and substantial shareholdings of HSL.

    None of the directors and/or major shareholders of HSL or persons connected to them have any interest, direct or indirect, in the above contract.

    __________________

    Kuching to get centralised sewerage system

    Published: Tuesday November 10, 2009 MYT 2:51:00 PM

    By SHARON LING, The Star

    KUCHING: Sarawak is introducing a centralised sewerage system in Kuching to reduce pollution of the city’s waterways from untreated wastewater.

    State Urban Development and Tourism Minister Datuk Michael Manyin said Package 1 of the system was currently under construction and would be completed by Oct 2012.

    He said the system would address the deteriorating water quality of the city’s rivers and streams due to the discharge of untreated or partially treated wastewater.

    Currently, blackwater from toilets is only partially treated in conventional septic tanks while greywater from bathrooms, kitchens and washing areas was discharged without treatment.

    Under the new system, wastewater will be collected and transported to a treatment plant where it will be treated to the Department of Environment’s Standard A for effluent discharge.

    Standard A is deemed clean and safe for water-based activities.

    “As such, the implementation of the project will manage water pollution and improve the quality of Sungai Sarawak and other rivers to ensure a sustainable environment for city folk,” Manyin said at the project launch at the Civic Centre here Tuesday.

    He added that the RM530mil Package 1 was funded by the Federal government under the Ninth Malaysia Plan with Kumpulan-Nishimatsu-Hock Seng Lee Consortium as the turnkey contractor.

    Package 1 covers the commercial and densely-populated areas of the central business district and comprises a centralised wastewater treatment plant, a sewer network and property connections to the new sewer lines.

    He also said the state government planned to extend the project under the 10th Malaysia Plan, with a proposed Package 2 covering the areas east and west of the city centre and Package 3 covering the northern bank of Sungai Sarawak.

    Meanwhile, Chief Minister Tan Sri Abdul Taib Mahmud, who launched the project, said it was part of the government’s efforts to continue improving liveability standards in the city.

    “Kuching’s population is now nearing 600,000 people and it will become more densely populated in the future.

    “One of our biggest challenges is to provide good clean water and to do this we need to introduce the centralised sewerage scheme,” he said.

    _________________________

    Sarawak Requests More Funds To Complete RM3 Billion Centralized Sewerage System

    September 18, 2009 17:14 PM

    KUCHING, September 18 (Bernama) – Sarawak is requesting additional funds from the federal government to complete the RM3 billion Centralized Sewerage System for Kuching City to treat household wastewater in the city.

    Sarawak Urban Development and Tourism Minister Datuk Michael Manyin said the project with three major components namely the wastewater treatment plant, sewer network and property connection would cover areas which are fully developed and densely populated.

    “The Centralized Sewerage System for Kuching City project is divided into four packages and it costs RM3 billion.

    “I hope the project could be completed soon. However, it all depends on the availability of the money. Therefore, I’m going to fight for additional funds to implement the other three packages,” he told reporters after visiting the Sg. Padungan flood mitigation project here Friday.

    Sarawak Sewerage Service Department (SSD), responsible for implementing all sewerage-related projects in the state, has been entrusted by the government to implement the centralized sewerage system for Kuching City.

    Kumpulan-Nishimatsu-Hock Seng Lee Consortium is the turnkey contractor while the consultants involved are Jurutera Jasa (Sarawak) Sdn Bhd and CH2M Hill, a US-based company with a branch in Singapore.

    Manyin said Package One of the project, costing RM530 million and covering five major areas in the city, had started in October last year and was scheduled for completion in 2012.

    The Package One is 9.35 per cent completed as of August this year.

    Presently, wastewater from all individual houses and major institutions in and around the city is discharged directly into drains and eventually the Sarawak River, resulting in environmental pollution.

    However, the Centralized Sewerage System for Kuching City will discharge Standard A effluent, which is clean, deemed safe for all water-based activities and meets the Department of Environment (DOE) standards for water discharge into the Sarawak River.

    On the RM20 million Sungai Padungan (Phase II) project, Manyin said the project will be completed in August next year and will alleviate flash flooding faced by city residents in several areas.

    “The Sungai Padungan phase II project will improve the trunk drainage system and alleviate the flash floods in the low-lying areas along Jalan Mendu, Jalan Ellis, Jalan Pinang and Jalan Tan Sri Datuk William Tan.

    “The scope of works involves the construction of around 1,100 metres of concrete drain of six metre to nine metre width, box culverts, reinstatement of carriageway, road kerbs and footpaths,” he said.

    Manyin said the Phase 1 of the flood mitigation project along Jalan Tan Sri Ong Kee Hui and Jalan Central here had been completed in 2001.– BERNAMA

    ______________________

    2. RM9 Billion Pahang-Selangor water tunnel (for UMNO Pahang Nishimatsu)

    Pahang-Selangor water tunnel project to start next Monday

    By MAZWIN NIK ANIS, The Star Tuesday May 26, 2009

    PUTRAJAYA: Work on a 44.6km-long tunnel to transfer almost two million litres of water daily from Pahang to Selangor will start next Monday.

    The Federal Government project will meet the needs of consumers for water in Selangor, Kuala Lumpur and Putrajaya until the year 2025 at a cost of RM3.936bil.

    Project director Datuk Ismail Mat Noor said the tunnel, which alone cost around RM1.3bil to build, was the first and “most critical” component in the project and would take five years to complete.

    Ismail said work would commence in Karak in Pahang and end in Hulu Langat, Selangor before 1.9 million litres of water could be transferred daily.

    “We have planned to start the project on June 1,” he told reporters at a signing ceremony for the construction of the tunnel yesterday, which was witnessed by Energy, Green Technology and Water Minister Datuk Peter Chin Fah Kui.

    The project has been awarded to a consortium of four companies – IJM Corp Bhd, UEM Builders, Shimizu Corporation and Nishimatsu Construction Co. Ltd.

    Construction of the project’s other three components – the Klau Dam, a raw water pump station and water pipes – is expected to commence in March next year.

    Ismail said once completed, Selangor would pay RM80mil a year to the Pahang government for water.

    A large part of the project will be financed through loans by the Japan International Cooperation Agency (JICA) while the rest is funded by a Federal Government grant.

    Chin said the government was confident that Nishimatsu would play its part in ensuring the project be carried out without any glitch.

    He said the question of public confidence should not arise as the Government was sure the company “can do the job and do it well.”

    “If we are not confident of them, we would not have selected them,” he said, responding to questions over the selection of the controversy-plagued Nishimatsu for the project.

    The Japanese construction company is said to be involved in a political controversy back home and was held responsible for the collapse of a 100m rail tunnel in Singapore in 2004.

    _________________________________

    Pahang-Selangor RM9bil tunnel plan officially gets off the ground

    The Star, Wednesday April 7, 2010

    KARAK: The RM9bil interstate raw water transfer project from Pahang to Selangor officially took off here yesterday, with a ground-breaking ceremony graced by Sultan of Pahang Sultan Ahmad Shah.

    Once completed in 2014, the project is expected to pump 1,890mil litres of raw water from Sungai Semantan in Pahang to the Hulu Langat water treatment facility in Selangor daily via a 44.6km long tunnel, bored through the Titiwangsa mountain range.

    Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui, who attended the event, said the project was essential to cope with the future water demand among industrial, commercial and tourism sectors in Selangor, Kuala Lumpur and Putrajaya.

    “The demand for treated water is expected to increase 4.3% yearly and will reach a higher rate in 2015,” he said during the ceremony at Jalan Man­chis here yesterday.

    He added that the first part of the project would involve the construction of a tunnel, a dam, water intake point, pump station and dual water pipelines.

    Chin said the facilities such as the pipelines and the tunnel, which will be the longest and biggest in South-East Asia and the sixth biggest in the world, would be mainly financed by the Japan International Corporation Agency (JICA) at the cost of RM3.9bil. “The second part will comprise the water treatment plant in Hulu Langat and a distribution system costing some RM4.4bil, to be funded by Perbadanan Aset Air Berhad.

    “Work on the two parts of the project is being carried out simultaneously and started on June 1 last year. Completion is expected on May 30, 2014,” he said, adding that work on the tunnel alone would take about 60 months to complete.

    The raw water supply project, which is jointly developed by Japan’s Shimizu Corporation and Nishimatsu Construction and local companies IJM Corp and UEM Builders Bhd, is expected to earn Pahang RM70mil in annual income at the price of 10 sen per cubic metre, which is up for review every five years.

    Chin also said the Government had also compensated the orang asli who would be affected by the inundation of the Sungai Temir reserve, the Felda Lembah Klau estate and other surrounding areas.

  • http://funny-cat-pix.com/?ref=blog Funny Cat Images

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  • aborium

    Don’t blame him for possibly committing a crime? Voting is a separate issue, dear.Like I said life does not begin and end in elections. Whatever happens in between you better be darn responsible for what you do…even in between the sheets!

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