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tan on the basis the bakun dam completed a decade ago might finally find a buyer for its unused hydropower sarawak report in turn called him out for admitting at last to sarawak s excess electricity problem so long denied by his political colleagues lambasting sarawak report for its pains ahmad ibrahim again leapt to the defence of the pbb dominated state government by supporting the grand and optomistic claims that the state can rescue its financial fortunes by selling electricity to dream cities as yet undrafted and unbuilt over the border in kalimantan in the process however ahmad ibrahim further admitted to the wider financial crisis angrily denied by his pbb party managers till now which is that the dire mismanagement by this political party of all sarawak s rich resouces over 50 years has left the state high and dry with respect to its traditional revenues just take a look at what well off ahmad ibrahim acknowledged to the kts controlled borneo post while rubbishing news portal sarawak report s allegation that sarawak has wasted public funds on existing hydroelectric power dams ahmad pointed out that sarawak can no longer rely on its traditional exports of timber as well as oil and gas when the time comes where we can only export less of our sawn timber due to pressure from green peace environmentalists and the western world when oil and gas resources are replaced or used less due to the rise in substituted fuel availability or not the main source of preferred fuel for the future which is likely within 10 to 20 years time and or when coal is no longer an acceptable commodity for our export what is left for sarawak affordable power or electricity supply borneo post blaming environmentalists for sarawak s timber exhaustion is a bit like blaming your priest after being arrested for commiting sins but there you go this chairman of the taib family s political party ppb is now on the record admitting that in less than a decade timber exports will have dried up timber crisis in fact sarawak report has seen evidence that the situation is far worse because timber will dry up quicker according to experts who wish not to be quoted timber supplies are already 70 less than what was available in 2000 and will be 90 less within two years this is owing to the sad fact that instead of sustainably logging sarawak s forests for the benefit of the wider population over past decades greedy state politicians and their timber cronies conducted a firesale of everything their bulldozers could mow down environmentalists pleaded for them to stop but could not prevent the foolish greed these money grabbers then rolled out badly managed plantations over millions of hectares which according to the experts who have spoken to sarawak report are no longer competitive or profitable quite apart from the mass erosion river pollution and species extinction along with human misery they have created sarawak s secret borrowing black hole sarawak s state politicians are responsible for all this mess and also for the shocking state of sarawak s present finances where a huge segment of the public budget is now annually diverted to pay the interest on billions of dollars worth of mysterious unaccounted loans much like the situation that developed over 1mdb their answer is to lecture the public to pin hopes and dreams on unbuilt indonesian cities which they now promise will buy the electricity from mega dams they used at least some of those dodgy off shore loans to build years ago the stolen timber made these taib family politicians rich selling off plantation licences made them richer constructing dams using borrowed public money made them richer still yet all of these activities left the native owners of the land they plundered far poorer than before sarawak report points out fantasies aside there is one definite source of future income left for sarawak to reclaim that is to be found in the illegal assets and bank accounts of these greedy political families particularly the clan of mahmuds to which ahmad ibrahim belongs and their business cronies who stole all that resource wealth from sarawak in the first place and then cashed in on further borrowing on top ahmad ibrahim could make a handsome start by handing back the illegitimate profits his dad an ex police officer made from selling on corrupt concessions like masretus handed by his chief minister brother cum land and resources minister back in the day making him by far the richest retired cop in sarawak ahmad should not forget to add on the interest for all that cash as well maybe then he can lecture others about the state economy if they are prepared to listen meanwhile what has sarawak report done so far they only criticise and attack the state government and its leadership constantly with no end instead of producing feasible or real solutions to create ample jobs for the locals and building our nation s economy ahmad said he challenged sarawak report to provide a conducive economic solution for sarawak s development sarawak report is happy to take up this thief family member s challenge to come up with an alternative model for sarawak s development and will do so it will be based on that first move against stolen wealth our other proposals will be presented over the coming period sarawak report exposed way back in 2011 how taib funnelled a huge windfall to his brother ibrahim mahmud and sons through masretus plantations excerpt below family first the people last stealing money for brother ibrahim we can expose yet another scandal where this greedy chief minister has taken the land belonging to the people of sarawak and then sneaked it into the possession of one of his brothers so that he can then make millions selling it on at the market price once again the people who traditionally owned that valuable area have been deprived of the chance to both live a comfortable life and to keep their rich and beautiful environment in this case the iban community of pasai siong sungai retus went to court after their traditional native customary rights lands were discovered to have been alienated by the state and passed to a palm plantation company called masretus sdn bhd as usual the community had not been informed of the decision regarding their traditional lands so by the time the case was came to trial the judge dismissed it because it had been brought too late after the event this is how justice works in sarawak but of course the identity of the real profiteers from this land theft has never come out it was concealed by a quick sale and with just a brief announcement before ownership passed on sarawak report can now reveal that these original profiteers were ibrahim mahmud brother of the chief minister and his sons they grabbed the huge plantation area by a familiar method which has often been used by the family of the chief minister masretus sdn bhd by this method the company which was originally awarded the land titles to the sungai retus area near sibu by chief minister abdul taib mahmud also the minister of resources planning and chairman of pelita the land grab agency was masretus sdn bhd on 17th february 2009 masretus quietly received the titles to four large plots of land in sungai retus amounting to 768 hectares for the nominal payment of just over rm500 000 but within just 6 weeks on 3 april 2009 there was a quick sale the major palm plantation company tradewinds m berhad made the following announcement to the malaysian stock exchange the board of directors of tradewinds m berhad wishes to announce that tws through its wholly owned subsidiary namely retus plantation sdn bhd has on 3 april 2009 acquired the entire issued and paid up share capital of masretus at a total cash consideration of rm7 208 600 00 acquisition this represents a turnaround profit of nearly rm 7 million for doing nothing at all the same announcement confirms that masretus was a private company formed in january 2007 and that masretus is currently the registered holder of a provisional lease over all those parcel of land with an aggregate of 768 hectares 1867 acres situated at pasai siong land district in sibu sarawak the principal activity of masretus is cultivation of oil palm the lucky benefactors of this more than tenfold leap in the value of the company in just six weeks were of course the shareholders whose identities are also publicised by the official announcement as being ibrahim mahmud taib s own brother and his two sons yayha and mahmud and two others ibrahim an ex policeman with no identifiable palm plantation experience had thus walked off with a profit of just under rm 7 at the expense of sarawak s taxpayers who received a premium on only a fraction of the land s worth the tradewinds announcement listed the original shareholders of masretus ibrahim mahmud taib s brother and his family made millions in one quick turnaround deal that stripped the people of sungai retus of all their lands twitter facebook copyright 2019 sarawak report dicatat oleh suara rakyat kunak di 8 26 2019 11 03 00 pg tiada ulasan e melkan ini blogthis kongsi pada x kongsi ke facebook kongsi ke pinterest isnin 19 ogos 2019 malaysia goes for the jugular against goldman sachs it has become a given that white collar criminals particularly bankers never need fear a jail sentence because they always settle at the expense of their shareholders of course 1mdb has already proven something of an exception in that regard singapore put two bsi bankers behind bars for their part in the scandal as well as the singapore head of the abu dhabi falcon bank jens sturzenegger widely considered as having taken the flack for his superiors including former ceo eduardo leeman ex goldman sachs now under criminal investigation in switzerland in america goldman s two asia based operatives tim leissner and roger ng are also in the midst of criminal proceedings with leissner having pleaded guilty and paid a 43 million fine for cooking up 1mdb s bond deals and associated kickbacks to najib razak the former pm prefers to call them donations thereby exempting him from the whopping rm1 69 billion tax demand he just received however today s sweeping charges against 17 top executives and former executives at goldman sachs international form a league of their own and bear out the repeated claims by us prosecutors in their own indictments lodged last year against leissner ng and jho low that several other top executives were knowlingly involved in the fraud and that such complicity in getting round compliance issues formed part of the culture of the bank one of the key former executives named by malaysia was the former vice president of goldman sachs international mike sherwood in london who signed off on the 1mdb bond deals which were apparently guaranteed by the bank sarawak report spotted the link at the end of 2016 when the high flyer in charge of emerging markets suddenly resigned shortly after the year he delivered record bonuses for his department thanks to the commissions raised by the bonds in 2013 a week later the singapore monetary authority confirmed it was sherwood who signed off on the arrangements a segment of that article is laid out below meanwhile piling on the pressure is undoubtedly a deliberate tactic by malaysia s top prosecutor to force the bank to help make good the country s loses for which the attorney general has demanded reparations of no less than 7 5 billion from goldman sachs faced with depreciation of the assets jho low and others lavished money on compensation from the bank is certainly one way malaysia could hope to plug the financial chasm left in the nation s accounts by this scandal given the deadly nature of the evidence starting to emerge against the bank there is certainly a good chance of getting the money if it spares these individuals charged sherwood left and richard gnoddy as more action is taken by singapore najib demands blind loyalty from umno 2 december 2016 najib razak has been desperately seeking to instil military discipline into his umno troops during their recent assembly decking all of them out in different coloured uniforms each day like rosmah s handbags as if he were some mad dictator this is not least of course because he is a mad dictator he has ditched the requirement to re elect him to his party position until after the next election precisely because he fears they would take the opportunity to replace him indeed whilst he yesterday made cleansing the party of traitors his prime target before facing the electorate there are those who believe that voters would prefer to see a cleansing of the party even the opposition believe that keeping dirty najib in post is by far their best option for the threatened snap poll najib s big message therefore was that umno party members must obey him forget obeying the law forget obeying the principles of right and wrong or indeed obeying the constitutional authority of the public who elected them they must only obey him and since he pays them they all were happy to shout and wave and applaud as one corrupt leader after another was paraded up on stage and as najib issued blood curdling jihadist threats against political opponents and minority communities as if they were an opposing army instead of neighbours with democratic rights this is what najib has done to his party and to malaysia simply because he cannot give a straight answer to the question what did you do with the money from 1mdb singapore moves on banks meanwhile neighbouring singapore heaped yet more international humiliation on the prime minister who had to sack his own attorney general and deputy and many more besides in order to pretend he didn t steal billions from the public as the umno goons all decked out in blue today whooped and cheered singapore fined coutts bank and standard chartered both for transferring money that the monetary authority described as having been misappropriated by 1mdb the monetary authority of singapore mas has imposed multi million dollar fines on the singapore branches of standard chartered bank and coutts co for breaching anti money laundering regulations in relation to 1mdb related fund flows through these banks it said in a release on friday dec 2 stanchart was fined s 5 2 million and coutts was fined s 2 4 million singapore straits times najib has as we all know declared that no money was misappropriated from 1mdb he has also said that the 681 million that popped up in his personal account which the us dept of justice traced back to 1mdb in fact came from a secret saudi sheikh cheers and claps from umno more dedak please what are genuine good muslims or good christians or good anybody to make of such behaviour it seems not only has this man made his country financially bankrupt he has made his party morally bankrupt bonuses what do fat mike sherwood and najib have in common indeed there is good reason to believe that najib s sudden fighting talk about a snap early election is prec...