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Thursday, August 25, 2016

A lead to the answer of a puzzle


By the look of it, Dato Zainur Zakaria is wrong. There is no Jho Loh or Riza Aziz to appear in court to submit their defense to the US Court on Monday.

Give them both a little more time. Dato Najib did say they are responsible to defend themselves.

And, it is a wee bit early to accuse the lawyer to Matthias Chang and Dato Husam Musa of duplicating their habit of doing a wayang or political psywar.

Nevertheless, the Monday posting here could be expanded further.

Apart from repeating the same cautionary message of not to be presumptive and make judgement before the due process of the law take it's course, a theory on how Najib got interested with Jho Loh's financial "scheming' was discussed.

However, after almost more than one year, the question as to why Tun Dr Mahathir attacked Najib has yet to be answered. The pakatoon cybertrooper would like the public to believe that Mahathir is concerned for the country and the people.

Try tell the people of Sabah and Sarawak who after more than fifty years of existence in Malaysia, they are still without proper roads, utilities and basic public amenities. 

Maybe he is concerned.

But, not to the point of destroying UMNO, doing actions that means going back on many of his words, and being more vindictive than his fight against Tun Abdullah.

It has to be more than that. Something more must be at stake.

Ask any cynical UMNO member, they will ultimately say it is about money and wealth. Off course, power is involved but what is power without the loots of power?


One of the reason being bandied about is Mahathir wants Dato Mukhriz to move up in the succession to be Prime Minister.

The possibilities are there but the marketing issue is the product is problematic. Mukhriz is a weak leader and failed miserably as MB of Kedah.

He kept losing in party elections but couldn't use the opportunity as MB to strengthen his politics. Spent more time in Kuala Lumpur and holidaying abroad than work. 


Never mind Mukhriz.

Repeated few times in this blog, there was a get together at a "ranch" in Argentina before election, where present were IPP taukehs.

So the takeover of IPP by 1MDB is one possible reason.

Maybe you guys would like to read back about Bara Aktif Sdn Bhd, a mysterious shareholder of YTL in this November 2015 posting here.   

Facebooker Lim Sian See made an interesting posting on Ananda Krishnan, the taukehof Powertek that was taken over by 1MDB and subsequently was sold to China in a debt restructuring exercise.

There exist a mysterious shareholder too!

Did you know that companies such as Tanjong, Maxis and Astro are actually technically controlled by a foreign company?

The majority owner of these companies shares are owned by Usaha Tegas Sdn Bhd, which lists RM20 billion of assets.

But there are only two share holders of Usaha Tegas - a local company holding a massive TWO shares and the tax haven Jersey, Channel Islands  incorporated  company called Pacific States Investment Ltd owns the rest of the 9,999,998 shares.

Who owns Pacific States Investments from there on is also not publicly stated as such offshore ownership are not normally listed - but said to be controlled by Ananda Krishnan.

Who else owns shares in Pacific States Investments is also a mystery.

Usaha Tegas in itself was created in June 1984 and then two years later, it was given a Telco license and a 4D license, a pay TV license a lottery license. and also the Turf Club betting license.

In 1988, DBKL served an eviction notice to the Turf Club forcing them to relocate from the LEASEHOLD land which the govt had already claimed back in 1983 under the Land Acquisition act.

And then in 1989, another company called Seri Kuda was incorporated with Usaha Tegas being the majority shareholder.

This company was then allowed to buy the Jalan Ampang land for Rm100 million, pay RM200 million to convert the land to commercial freehold (total cost of RM300 million) and then in 1991, sell 51% to Petronas for a reported RM600 million.

Thus, expiring leasehold land that the govt was already claiming back at nominal cost under the land acquisition act suddenly cost the govt RM600 million for just 50% while the private company Usaha Tegas got to make a profit of RM300 million.

Thus a land that was already the govt's was sold to private company at cheap rates and then sold back at expensive price to govt within a few years.

Mahathir supporters are angry that govt land in TRX was sold cheaply to 100% govt owned company at higher prices but they remain strangely quiet that govt land was sold cheaply to private company and then sold back to govt at expensive prices.

Mahathir and Mahathir supporters are strange people.
There was once a Pasaraya Rakyat on the land

The Mahathir supporters should have tried to figure out the link between one Robert Tan and the current TRX land back then.

If Mahathir's issue against 1MDB is not about IPP and those familiar with 1MDB believed Ananda or whoever his mysterious partner is got a good deal out of the sales, could TRX land be the issue then?

As happenned many times in the past, the reason/s behind most political quarrels may not necessarily be about the issues raised.

More so, having heard from many past corporate personalities, things were worse during Mahathir's time than the current allegation of embezzlement and money laundering of money from 1MDB.


During Pak Lah's time, many issues were raised against him, including his sleep apnea problem. It turns out it boils down to the double tracking project that have went up by a couple of billions.

Water pipes on the causeway is a major legal and technical stumbling block for a bridge

And, there is still the crooked bridge of Johor still being raised but temporarily lost in Mahathir's sudden attempt to change skin to be a reformist.

He denied he wanted to ISA his enemies but blame it on the late Megat Junid.

At the same time, he apologised for removing the power of the rulers thus they are unable to get the rulers to intervene on the 1MDB case and block the passing of a new securities law.

As it turned out, he was trying to create controversies to even infuriate the Sultan and people of Johor for his Bangsa Johor remarks to divert attention from his statements to admit the existence of a conspiracy to fix and throw Najib in the slammer.

The remark could also be directed towards Sabah and Sarawak, two stronghold states of Najib. Only last week Marina Mahathir was put in a difficult situation when asked in an interview on the "Projek IC" his father is being accused of masterminding.

One of the most polluted river in Malaysia at one time

Yes, lets not get diverted from the crooked bridge.

Only recently we were made known that Mahathir had water and irrigation expert look into the pollution of Sungai Segget in Johor Baru and how the bridge could improve water flow and rejuvenate the river. 

It seemed "someone" stand to benefit handsomely in the multi-billions when the river is clean and beautiful again. Someone representing the "someone" tried to get a government official to talk to the Singaporean.

Who could that "someone" be?


Returning to Ananda and the mysterious shareholder, he or she is the lead to answer the puzzle as to why Mahathir is more vindictive of Najib than Pak Lah.

Maybe, it is that "someone" or after several more sophisticated structure than Jho Loh's one or two layered money flow, it will lead to that "someone".

Certainly, that "someone" have the financial resources to fund Bersatu. That is if the chairman or President badly wanted to thump UMNO and BN.

Is it not speculated that 1MDB is Najib raising campaign fund to lessen his reliance from Mahathir's proxies? - Another Brick in the Wall

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