PETRONAS; PM/UMNO’s PRIVATE PIGGY BANK.

Dr. Tan Kee Kwong on PETRONAS; PM/UMNO’s PRIVATE PIGGY BANK.

Another blast from Dr. Ronnie Tan Kee Kwong…

” 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 ie 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 only 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 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 finacial 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 Prnce 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 there 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 Mahatir 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 AND BLOCK M, SARAWAK
Another ginormous 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 , plaese wake up ! ! !
You stay in on of the poorest states in Malaysia .
Your Ketua Menteri(Pek Moh) is so blatantly corrupt that even his BN broyhers in SUPP are complaining..
And Pak Lah “gave???” your wealth away to Brunei

IN CONCLUSION

UMNO/BN plase 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 !

More people in the know should write more such revealing articles!

Subject: Fwd: Fw: Fwd: Now,Who is the traitor?

NOW, WHO IS THE TRAITOR?

From the desk of Dr Tan Kee Kwong.*

Dear Najib,

Salam. I read with great interest today papers about your comments. In it you were quoted that those who talk bad about Felda & called it bankrupt are to be regarded as traitors to the Nation.

The sad truth is that after you took charge of Felda in 2005, you turned what was a very successfulorganisation into a financial nightmare. In fact you are the traitor who has stolen the poor peneroka’s money.

I am sure you know that for the next General Election, Felda schemes & their votes determine about 60 Federal Parliament Seats. From my feedback, many of the peneroka are boiling mad.

They have been exploited & taken for a ride.

If what you say is true & ALL the peneroka are so happy with the UMNO/BN government, why the sudden interest in the welfare of the peneroka,

Why the many cash handouts?

Please explain the following.

1. In 2001, the cash reserves of Felda was RM4.5 billion with ZERO borrowing. Recently your

Deputy Minister replied that the cash reserves has plunged to RM1.2 billion. This is

despite the fact that for the past 3 years, the CPO price has been very high. If you have

looked after Felda properly the cash reseves should now be at least RM8 billion.

2. New Felda HQ in KLCC.

Said to cost RM662 million, Explain how this six star building is going to help the poor

peneroka, many of whom only get nett RM500 per month. Why a huge deposit of

RM235 million paid even before construction started? Why the decision was made at

a secret meeting in your DPM’s office in Putrajaya without the knowledge or

approval of the Felda board? Recently Ahmad Maslan siad this is a very good

investment as it has already made paper profit of RM300 million. Pray how did he come

to this conclusion when the building is not even finished or sold!

3. Felda Global Ventures.

We know that Felda has invested at least RM3 billion on these projects. We also know

thta since day one it has been losing money, in fact it has lost RM300 million.

Twin Rivers Project in USA, invested RM500 million

Cattle rearing project invested RM600 million

Since you say we are traitors, tell us in detail what has happened .

The peneroka in Felda Keratong near Segamat are laughing, the imported cattle for

the cattle project have to be kept in an air conditioned room 24 hours a day!

4. Why the need to borrow from EPF?

Before you started on Felda Global Ventures. Felda never borrowed from EPF.

Is this borrowing secure? To all the EPF contributors beware, your money is used

to finance many of these dubious schemes which Najib started

5. Skim Tabung tanam semula

In August this year I visited a Felda scheme near Kemaman

Talked to a peneroka who wants to sue Felda. He has been contributing to this fund

for psat 17 years & has accumulated RM17,000. However when he replanted his old oil

trees, he did not use the fund but used his own money instead. It has been 3 years now

tried to get his OWN money back, but the Felda administration has refused so far.

Wonder why, if Felda is so well run & cash rich why can’t even pay this poor peneroka

a paltry sum?

6. Felda settlers to camp outside Felda HQ.

In October this year, there was a report that many settlers were not happy with Felda for

refusing to settle their replanting payments. So this case i quoted above is widespread

& happening in many. many schemes round the country.

7. Oil palm fruit sent to Mill

In Felda Kemahang, Kelantan. Felda lost the case as it was proved that Felda was not

paying the proper amount sent to mill. It was a landmark case. On appeal Felda lost the

case. Soon after that you visited a scheme near Bahau. Instead of respecting the court’s

decision you made a silly remark like Felda will engage the best lawyers & fight all the

remaining cases in court. Good for you, you will make mare peneroka angry with you!

I DARE YOU

1. Subject the whole of Felda to an independant audit & publish the findings.

2. Felda has 43 subsidiaries

publish all their annual reports & subject them to an audit as well

*DR TAN KEE KWONG IS THE SON OF THE LATE TAN CHEE KHOON.

He was also a former Deputy Minister of Land and Cooperative Development.