Day: June 7, 2017

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Tergum Ictus

Raja Petra asks if Shahrir Samad is Isa Samad’s real target?
Just a few minutes ago I received a copy of a press statement from the Prime Minister’s Officer stating that Idris Jala has been appointed as an indepedent party to establish the facts and recommend the way forward regarding Felda Global Ventures’s (FGV) latest fiasco.

The press statement from the Prime Minister’s Office
For a statement to have come out from the Prime Minister’s Office shows that the Prime Minister himself is taking interest to protect those whose livelihood depend on FGV and wants to find out the inside story of how FGV has gotten itself in such a mess.

Isa Samad was appointed as the Chairman of FELDA and also became the Chairman of FGV.  Obviously he is a political appointee meaning that he had been entrusted to ensure that the needs and interests of the voters in FELDA are well taken care of.

This did not happen. Instead of becoming something that the settlers could bank on, FELDA was treated badly under Isa’s management, or mismanagement if you must.

There was that sturgeon farm initiative that cost FELDA a loss of RM47.6 million through a subsidiary called FELDA Caviartive Sdn Bhd.

Another mess that happened under Isa was by FELDA Wellness Corp Sdn Bhd., a loss-making biopharmaceuticals company wholly owned by the statutory body, had been wound up last year.

In less than three years of operation, FELDA Wellness accumulated losses of RM154.76 million, and current liabilities of RM154.03 million as at end FY15. The company’s total assets amounted to RM4.34 million.

The company was eventually wound up by Australia-based Gordagen Pharmaceuticals Pty Ltd for debts owed to it by FELDA Wellness amounting to RM2.1 million.

Another outfit called Global Settlers Sdn Bhd (GSSB), which opened a chain of five restaurants and incurred losses of more than RM 8.4 Million, then closed down after 3 years of operations. If that is not bad enough, GSSB paid RM2.29 million to a Pastry Project called Schneeballen without having any supporting documents. In October 2015 that Pastry project was terminated after having spent another RM6.39 million for equipment.

I shan’t go into the failed investments by the FELDA Investment Corp. There’s at least half-a-billion Ringgit worth of losses by the FIC.

It was only right that the Prime Minister decided enough was enough and put Tan Sri Shahrir Samad at the helm, leaving Isa only as a non-executive Chairman of the FGV.

Although a lot of damage had been done by Isa, Shahrir’s appointment was welcomed by settlers and observers alike. Through Shahrir they see a management that would be able to surmount the obstacles Isa had laid.

But the latest fiasco of Isa using the Board of FGV to ask the CEO Zakaria Arshad and three others to go on a forced leave has again shaken the trust of the people in FGV.

I don’t know how kosher Zakaria is, but a thorough probe by the Malaysian Anti Corruption Commission (MACC) into the affairs of the FGV is a very welcomed move.

Isa et al should realise that FGV and FELDA are of public interest and that he was entrusted by Najib Razak to make sure that the settlers’ interests are not foresaken.

Instead, Najib and the settlers have had their back stabbed.

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The Greatest Malaysian Misleader

Delusional old crap

The above is an extract from an interview of a psychopathic and delusional old man by the Nikkei Asian Review yesterday.  He said that he had never abused his power when he was the Prime Minister.

If you have a copy of Barry Wain’s ‘Malaysian Maverick‘ you can see the list of abuses that Mahathir had done during his premiership.  And those are only the ones that Mr Wain had discovered.

Time Magazine quoted an economist at Morgan Stanley in Singapore as saying that the country might have lost as much as US$100 billion since the early 1980s to corruption. Under Mahathir’s 22 years term, there were monetary losses amounting to over at least hundred of billions of Ringgit and this excluded those unaccounted for, and irretrievable.

Another politician, Syed Husin Ali, whose party is now worshipping Mahathir said, “Petronas has neither been fully transparent nor accountable with how it spends its money, especially in aiding and abetting Tun Mahathir to indulge in unproductive construction of mega projects, to bail out ailing crony companies and corporate figures, and to involve itself in excessive and wasteful spending on celebrations and conferences.”

For the record, Mr Wain has never been sued by Mahathir.  Neither has Mahathir’s foe-turned-best friend Lim Kit Siang been sued for his remarks on the former.

Lim Kit Siang aka The Emperor once wrote:

“If we examine the decade of the Mahathir administration, we will find that the scandals, unaccountability, the human rights violations and abuses of power have one common thread – to protect and further the economic interests of the ruling political elites. This necessitated a growing concentration of political power in the hands of the Executive and increasingly in the hands of the Prime Minister, at the expense of the fundamental constitutional principles of the Separation of Powers among the Executive, Legislature and Judiciary, the Independence of the Judiciary and the Rule of Law.

Under his political culture, the role of Law and Judges is not to ensure justice and protect human rights, but to protect the vested economic interests of the powers-that-be from expose and jeopardy.

Two-thirds parliamentary majority has become a blank cheque for abuses of power and human rights violations.”

Emperor Lim was notably vocal on the issues of the Forex scandal that all but wiped out our Bank Negara reserves and also the BMF scandal before he became the jockey that now rides on the political mule called Mahathir.  But the things he wrote on Mahathir are still there waiting to be used against the latter should he (Mahathir) forget his current position – a mule.

As a matter of fact, Emperor Lim also has examples of abuse of power in relation to freedom of the press during Mahathir’s time – and I am not talking just about Ops Lallang.


So for Mahathir to claim that he never abused his power as the Prime Minister is an absolute farce.  It only goes to show how desperate he is to paint a false picture of his past to the youngsters who were yet to be born when Mahathir had this country beneath his fists.

He thinks that the Pakatan will collectively agree to his ambitions of either putting his son as the Prime Minister or he become one himself based on his 22-year experience.

But we all know that no one in the Pakatan wishes to have another one term of Mahathir remembering what he was capable of.  So they will just ride on his anger towards Najib Razak…like the old mule he is.