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When Dr M, the
ex-Prime Minister’s son Mirzan was in financial trouble with his
shipping company, Konsortium Perkapalan Berhad, Dr M asked
Anwar (Finance Minister that time) to instruct Petronas via MISC to help
him. However, Mirzan wanted a higher valuation price, therefore MISC
had a problem. The Late Dato Yassin, MISC Managing Director, told
straight to Mirzan face, "Awak ingat MISC bapak awak punya
company". And Mirzan reported to his father.
Now You know Why DSAI must be destroyed by BN...
MISC was only willing to pay RM 950 million but Mirzan insisted RM1.3
billion in order to cover his cost. Anwar finally agreed to his request
after Hasan Merican told Anwar, “Jangan cari pasal, dia anak Boss.
Anyway, MISC is not your company”.
What happen after the deal? MIrzan was interviewed by AWSJ and he
superciliously said Konsortioun Perkapalan Bhd made RM350 million after
disposing his asset to MISC.
Anwar was upset. He took the AWSJ paper, went to see Dr. M and told
him, “You and your son are liars”. Dr. M was very angry and distressed.
Later he called Daim and told him to fix Anwar.
And the rest is history...
~~~
In 2011, PETRONAS reported, since 1974 it had allocated the BN-led
government a total of RM 529 billion. RM136.5 billion was paid out as
subsidies to TNB and IPPs. Starting from 2007 PETRONAS financial year,
it had given RM61 billion a year on average to the nation.
PETRONAS pays as high as 53% of its profits as dividends to the BN-led
government. As a comparison, foreign countries oil companies grant an
average of 38% of their profits to their respective governments. Rakyat
have the right to know how the billions collected by the BN-led
government since 1974 was spent?
Few months back Chua Jui Meng( PKR vice-president) inquired about the
existence of Msia Petroleum Trust Fund. What happen to it? Norway, that
has oil in the North Sea, has an oil-fund known as Norway Pension Fund
that amounted to US$656 billion or RM2 trillion. UAE-Abu Dhabi
Investment Authority’s oil-revenue sovereign wealth fund stands at
US$627 billion or RM1.9 trillion. Almost all oil-producing countries
have established their own oil funds for their citizens’ future but not
Malaysia.
Under advisor Mahathir, PETRONAS is often used as the saver of last
resort. In 1985, it bailed out BBMB for RM 2.5 billion. In 1991, it
gave another RM1 billion to BBMB. Despite the capital injection, BBMB
was erased, replaced by CIMB.
Rakyat must never forget that PETRONAS, in 1997, through MISC, bailed
out Konsortium Perkapalan Berhad to take over Mirzan’s failing shipping
business. Did Mahathir force PETRONAS to enrich his children??? Whether
PETRONAS overpaid him and years later, he was able to buy businesses
stakes in San Miguel ???
Dr M’s obsession with mega-projects and his iron-fist execution cannot
be refuted. So, PETRONAS had no choice but to underwrite the
construction of the PETRONAS Twin Towers that cost RM6.0 billion and
spent nearly RM22.0 billion to construct Putrajaya, because customarily
there’s a 10-percent surplus to be parked in overseas banks.
Dr M also instructed PETRONAS to favor his children. He is an advisor
to PETRONAS and led negotiations on PETRONAS’s marginal oilfields that
resulted in Kencana (his son) and Sapura (his crony) getting the first
deals. The first cut is always the deepest. Other UMNO leaders did the
same - that's how UMNO operates.
PETRONAS is the national oil company but incongruously, Petron
(belonging to Mirzan Mahathir) got the tender to supply Jet A1 to Msia
air carrier. Why does PETRONAS, with its trading with Vitol and
extensive oil trading network cannot supply Jet A1 to MAS? Daddy’s
prerogative again ???
Furthermore, why is Msia biggest and most important earning sits under
the PM’s office, not the parliament? Surely something fishy is going
on.
There are so many questions about Dr. M, UMNO & PETRONAS linkage.
The only way to find out the truth is to vote PR to be the next federal
govt. so that PETRONAS can finally be placed answerable to our
parliament. It’s the Pandora’s Box which has intrigued many Msians who
want to know how the oil money had been used.
PETRONAS is also one of the main reasons; UMNO can’t afford to lose in
the next GE because it is their Godfather and UMNO leaders’
liquid-gold mine and it trickles down to their families, relatives
and cronies.
And that is why UMNO leaders want to rule forever to continue
plundering the nation’s wealth to feed their unlimited greed,
hypocritically defending the Agama, Bangsa dan Negara….
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