Petronas Scandals

Every Malaysian who wants to continue living in Malaysia and not thinking of migrating must read this article and bring about a change of government at the next general election.

Please forward this to your contacts and ask them to do the same. Because this kind of news is banned from the government-controlled mainstream media, the only way Malaysians can get to know how the country has been plundered and raped by the UMNOputras is via the internet.

Look upon the forwarding of such messages as part of national service to your countrymen.

COMMENT: IT IS UNBELIEVABLE THAT PETRONAS IS ACCOUNTABLE ONLY TO THE PM. NOBODY, NOT EVEN THE CABINET, CAN EXAMINE THE TRUE ACCOUNTS OF PETRONAS! UNBELIEVABLE? YOU BETTER BELIEVE IT - THIS IS MALAYSIA BOLEH!

Another blast from Dr. Ronnie Tan Kee Kwong

Dr. Tan Kee Kwong on PETRONAS - PM/UMNO's PRIVATE PIGGY BANK

“Without fear and favour..", this heroic scion of Tan Sri Dr. Tan Chee Khoon... .. an intrepid politician of his father's mettle and character...

From the desk of Dr Tan Kee Kwong 14/8/2010

Dear Najib & your cronies in the BN,

I learnt with alarm that for the past 3 years, Petronas has given to the Federal Government 290 billion i.e. 290,000 JUTA! Wow, what a fantastic sum of money. Please Najib, Pak Lah & Mahathir, tell us the Rakyat how you spent or wasted this huge sum of money.

As I have said before, Petronas as an entity, was & still is quite a well run company. But the past 3 PM’s have ruined it all. By a special Act of Parliament passed in the 70's PDA i.e. Petroleum Development Act, Petronas is accountable to the PM ONLY... In the past we had 2 Oil Ministers who had no say at all. Even under PDA, the Minister of Finance has no say at all. Even the Cabinet cannot examine the true accounts of Petronas. What a shame. This is totally unacceptable. You can rest assured that the incoming Pakatan Rakyat Federal Government will change all that. Those that have plundered the wealth of the nation had better watch out, you will be charged & sent to jail for a very long time!

DIVIDENDS PAID

Under Mahathir, Dividends paid to the Govt was about 2 to 3 billion annually. The so called Mr Clean i.e. Pak Lah forced Petronas to pay 10 billion then 20 billion finally to pay 30 billion. During Mr Clean’s tenure as PM dividends paid was 10x what was paid during Mahathir's time. Where did all this money go? Mainly to finance all the budget deficits during his rule. A lot went to useless Defense spending. Also the nation only got 10 billion worth out of 30 billion!

In the 80's & 90's about 100 billion was spent from Petronas coffers to bail out Bank Bumiputra TWICE. Also during the financial crise of 1997, Petronas was forced to buy MISC to bail out Mahatir's son.

KLCC LAND, ANOTHER BIG TIME SCAM

I remember in the mid 50's my family stayed for 2 years in no 2 Jalan Penang. At that time there was only the Race Course there. As kids we enjoyed plucking the delicious rambutans there. Now it is so different.

At that time the HQ of Petronas was housed in Dayabumi. There was a severe shortage of office space as the Petronas operations expanded very fast.

Initially the plan was to build a new HQ in Jln Tun Razak, opposite the Royal Sgor Golf Club. (site of the present Prince Court Hospital) That plan was aborted as the DCA (Dept of Civil Aviation) objected strongly as it was in the flight path of the Sungai Besi RMAF Air Base. Then Petronas went ahead to buy a piece of land in Jalan Ampang, behind Yow Chuan Plaza for only 30 million.

Suddenly Mahathir intervened & came out with a devious plan to steal the money from Petronas to enrich his special crony etc. First was the outcry in the press on how the Race Course was causing massive traffic jams every week-end. So the Federal Government & DBKL decided that the Race Course must shift to Sungai Besi, its present site. If the land was sold/surrendered from the Turf Club to Petronas direct that will be perfectly OK. BUT the Turf Club was forced to sell its land to a very special Mahathir Crony. Within a matter of a few months the special crony sold the land to Petronas at a huge price of 600 Million! The top brass of Petronas was instructed, CANNOT negotiate the price, just pay. How ridiculous! Who pays 600 million without even a one dollar discount.

Please Mahathir, you were in charge of Petronas then who was the crony/individual involved & who others benefited.

PAK LAH "GAVE" AWAY BLOCK L & BLOCK M, SARAWAK

Another enormous scandal that cost the nation US100 BILLION. Recently Mahathir wrote in his blog site that 3 weeks before Pak Lah stepped down as PM he "gave” the above land to Brunei . Wonder what made him do that, maybe in one of his naps in public he just assigned our rights to Brunei. I am sure it was not for free, many relatives & cronies benefited because this is a business deal, not an NGO doing charity.

In the past Petronas went into joint sharing agreements with Vietnam , Cambodia , Thailand , Indonesia etc. This should have been the case in Block L and Block M.
Sarawakians , please wake up. You stay in one of the poorest states in Malaysia ... Your Ketua Menteri (Pek Moh) is so blatantly corrupt that even his BN brothers in SUPP are complaining. And Pak Lah "gave"your wealth away to Brunei.

IN CONCLUSION

UMNO/BN please come clean on the real affairs of Petronas.
Abolish the present PDA Act. Replace it with a better & more transparent Act that the financial affairs of Petronas. MUST be accountable to the Parliament.

Examine the real cause of the severe drop in FDI. Not only that even the local tycoons have very little faith in this country. Don't you care? Every year at least 400,000 finish their SPM examinations. With this state of affairs what is going to happen to them?

Don't just enrich yourselves, give a little bit back to the Nation!