Wednesday, January 25, 2012

Malaysia's POLITICAL ROYAL FAMILY

Malaysia's POLITICAL ROYAL FAMILY  

 

 







































 




 Monday, June 06, 2011

Read here for more in The Age





Malaysia's POLITICAL ROYAL FAMILY
(INTERNATIONAL BUSINESS DEALINGS WITH HIGH LEVEL POLITICS)

Photobucket
(High Flying Businessman)











Photobucket Photobucket
(LEFT) The Brother, Hishamuddin Hussein Onn, (Home Minister)
(RIGHT) The Cousin, Najib Razak, the Prime Minister















"Securency" Money Trail nudges Malaysia's Political Royalty (ie Najib and Hishamuddin)

by

Richard Baker and Nick McKenzie


 

The biggest individual shareholder in Liberal Technology is businessman Haris Onn Hussein. Haris Onn Hussein is well connected - his cousin is the Prime Minister of Malaysia, Najib Razak, and his brother is Home Affairs Minister Hishammuddin Tun Hussein, who is expected in Canberra soon to sign the deal under which Australia will transfer 800 asylum seekers to Malaysia and accept 4000 refugees in return.
Securency hired Haris Onn Hussein in the hope he would offer it access to, and influence over, Malaysia's top politicians.

It is a common in parts of Asia for the relatives of politicians to be hired by foreign companies as agents.

The Age understands that some officials in the Department of Foreign Affairs and Trade and other agencies are keen for the AFP not to identify certain foreign dignitaries or their relatives who are alleged to be linked to Securency in order to protect Australia's broader overseas interests.

Securency, half-owned and supervised by the Reserve Bank, has for two years been investigated by the AFP and the British Serious Fraud Office for allegedly bribing public officials in Vietnam, Indonesia, Malaysia and Nigeria to win banknote supply contracts.

Under Australian law, it is a criminal offence for a company or individual to pay, or offer a benefit to, a foreign government official or their close relatives to obtain a business advantage.

Australia is yet to prosecute a foreign bribery case, but Securency - which has four RBA-appointed directors on its board - may be the first, given the two-year AFP investigation and the arrest and questioning of some employees and agents last year. No charges have yet been laid.Haris Onn Hussein and Hishammuddin Tun Hussein are political royalty in Malaysia.

Their father, the late Tun Hussein Onn, was Malaysia's prime minister between 1976 and 1981. He was succeeded as prime minister by Mahathir Mohamad. Their grandfather, Dato Onn Jaafar, was the founder of Malaysia's ruling United Malays National Organisation political party.

Hishammuddin Tun Hussein is vice president of UMNO.
Haris Onn Hussein owns shares in or sits on the board of several companies that have benefited from Malaysian government concessions.

In 2006, the Malaysian finance ministry told cigarette and alcohol manufacturers that they would need to buy security labels provided by Haris Onn Hussein’s Liberal Technology to legally sell their products. Haris Onn Hussein is also associated with a company given a 34-year concession to operate a major Malaysian toll road.

Under Securency’s corporate structure, its board should have been informed and approved of Mr Haris Onn’s company being signed as an agent.

The Age can also reveal Securency engaged Malaysian state MP and a former UMNO branch treasurer, Dato Abdullah Hasnan Kamaruddin, as another agent. Mr Kamaruddin was the UNMO party treasurer in Dr Mahatir’s home state of Kedah, a position that gave him substantial influence.

Despite engaging the extremely well-connected Liberal Technology as agent in 2009, Securency is believed not to have won any further banknote supply contracts.

The company won its last major Malaysian contract in 2004. At that time, Mr Razak was the country’s defence minister and Hishammuddin Tun Hussein the education minister. It also won a smaller contract in 1998.

The Age is not suggesting Mr Razak nor Hishammuddin Tun Hussein were involved in Securency’s deals.

The company’s 1998 and 2004 contracts involved another Malaysian agent, businessman, arms broker and former UMNO official, Abdul Kayum Syed Ahmad.

He has since been arrested and questioned by Malaysia’s Anti-Corruption Commission over the Securency deals and his use of commissions paid by the RBA firms.

The AFP began investigating Securency in May 2009 after The Age revealed its payment of tens-of-millions-of-dollars in commissions to politically connected middlemen to win contracts in Nigeria, Vietnam and India.

The company wired millions of dollars into tax haven bank accounts in an effort to conceal the beneficiaries of its payments in an apparent breach of the RBA’s rules.

The AFP and Britain's Serious Fraud Office have conducted several raids on the offices of Securency and its British half-owner, Innovia Films. Properties owned by serving and former executives and agents have been raided and several arrests made. No charges have been laid yet.

Securency’s managing director, Myles Curtis, and chief financial officer, John Ellery, were forced out of the company in March last year. Securency’s deputy chairman, English businessman Bill Lowther, resigned in October following his arrest by the Serious Fraud Office.

RBA governor Glenn Stevens has defended his bank’s appointees who have chaired and sat on the Securency board since 1996, telling a federal parliamentary committee in November that he had not seen any evidence to suggest they had acted inappropriately.

The RBA plans to sell Securency.









 Richard Baker and Nick McKenzie






June 06 2011

THE Reserve Bank firm Securency hired a company owned by a close relative of Malaysia's Prime Minister and Home Affairs Minister - the two men with whom the Gillard government is negotiating to swap asylum seekers - to help win banknote contracts.

The revelation comes amid growing sensitivity within the federal government about the Australian Federal Police investigation of Securency and the potential for Australia's international relations to be harmed if foreign officials allegedly linked to the RBA firm's bribes are named.

The Age has learned that Securency signed Kuala Lumpur firm Liberal Technology as its Malaysian agent in 2009.

Posted by Malaysian Unplug @ 23:00,
 

4 Comments:


At 7 June 2011 06:10, Anonymous Anonymous said...
please investigate further and make known all the coppupt deals by this bloke!!!!!!!!!
 
At 7 June 2011 18:54, Anonymous Anonymous said...
Nations like people are known by the company they keep. The future of Malysia in this global world depends on the absolute adherence to the gorund rule on good Governance and Transparancy in their dealings. I hope and pray that our leaders will see the light and allow the the sun to shine on all our dealings that involve public funds. That is why we have by constitution an Auditor General, Accountant General the Federal Treasury and the central bank. Collectively they are the guardians of our public funds and they are all answerable to Parliament the suprem policy making body in our constitution. We the people of this country must only vote fo candidates, not parties, who are committed to run this country in accordance with the constitution and the rule of lwas. Many of our politicians in the opposition have made lifetime sacrifices to remain in the opposition with strict adherence to their principles. The time has come to give these people a chance through the Ballot Box to work for the people.
 
At 9 June 2011 09:54, Anonymous Anonymous said...
Looks like the hot topic for Islam is about SEX! It started with Bung Mohktar,Ibrahim Ali,the Datuk-T episode,and now this PHD(Permanent Head Damage)lady. Hey! to be a muslim man is so lucky-can have four wives and be obedient to you and somemore be good playmate in the bed! Wow! I think I want to convert.
 
At 9 June 2011 09:59, Anonymous Anonymous said...
My god!!!. She called herself a "dogter". Wonder where she obtain her doctored degree?. This Rohaya doctor is obviously a follower of Ibrahim Ali since she adopts Ibrahim's philosophy that a wife must satisfy her husband at any time and anywhere. However looking at this female doctor's appearance, I can understand why her husband has taken 3 other wives. And she obviously cannot walk the talk since she cannot fully satisfy her husband all by herself.
 















Harvest Court biggest loser on Bursa after PM’s son quits board

By Lee Wei Lian
November 22, 2011

KUALA LUMPUR, Nov 22 — Shares of Harvest Court Industries Berhad lost the most ground on Bursa Malaysia today following yesterday’s announcement that the prime minister’s son had stepped down from the board.



Harvest Court shares slumped nearly 31 per cent, or 43 sen, to 97 sen as at 4.20pm and is down by more than 50 per cent from its high of RM2.14 hit last Monday before it was suspended for excessive speculation.

Mohd Nazifuddin Najib, 28, told The Star today that he resigned from the board due to
 the relentless amount of speculative trading on the stock.
He will however keep his 2.2 per cent stake in Harvest Court.

“We are just trying our best on our part not to let the market speculate, not to hurt any parties and just continue with what is the best possible direction,” Nazifuddin had said. “All the personalities are on board already and the projects in hand are enough to create certain amount of interest.”

Nazifuddin will also maintain his involvement in 1Green Enviro Sdn Bhd, which is in the business of converting raw, empty palm oil fruit bunches into paper and which had issued a letter of intent for an engineering project worth RM70 million to Harvest Court.

Bursa Malaysia suspended the stock last Tuesday because of excessive speculation and declared it a designated security, which means trading in the counter continues but will require payment up front before buying and a free balance of securities before selling.

The share price of the former PN17 company, which was languishing below 10 sen up until early last month, had soared after Nazifuddin joined the board on October 28.

Analysts had previously warned that exceptional rises in a company’s share price such as in the case of Harvest Court was typically not sustainable and usually fizzled out when punters cashed in, leaving other investors high and dry.

Nazifuddin is also a director in developer Sagajuta Sdn Bhd and he and his fellow director Datuk Raymond Chan Boon Siew only recently acquired stakes in Harvest Court.

Harvest Court, which is in the timber processing industry, said two weeks ago that it had accepted an award to build commercial and residential developments for Sagajuta.

Nazifuddin is Najib’s second son from his first marriage. Najib divorced Tengku Puteri Zainah Tengku Eskandar in 1987 before marrying Datin Seri Rosmah Mansor, with whom he has two children.












































































In 1976 Najib married Tengku Puteri Zainah Tengku Eskandar ('Kui Yie') with whom he has three children: Mohd Nizar Najib (born 1978), Mohd Nazifuddin Najib and Puteri Norlisa Najib. In 1987 he divorced Ku Yie and married Datin Seri Rosmah Mansor with whom he has two children: Mohd Norashman Najib and Nooryana Najwa Najib. This is Rosmah's second marriage as well. She has two children from her previous marriage to Farid Ismeth Emir who was a former TV news presenter and currently a general manager in a trading company.
















Kisah Ku Yie janda si Najib
































   
























                        














                                      
























































































The newlyweds: Mohd Nizar and Sharmila Shaheen






































































































http://www.pmo.gov.my/datinrosmah/































































































































Sons of Prime Minister Najib & Ex-Minister of Law Dato Seri Nazri Caught Womanizing and Drinking



























































Sons of Prime Minister Najib & Ex-Minister of Law Dato Seri Nazri Caught Womanizing and Drinking






















































































http://www.themalaysianinsider.com/business/article/harvest-court-biggest-loser-on-bursa-after-pms-son-quits-board/

























Harvest Court biggest loser on Bursa after PM’s son quits board




























Tuesday November 22, 2011

Outgoing director Nazifuddin and Chan to keep stakes in Harvest



By B.K. SIDHU
bksidhu@thestar.com.my








KUALA LUMPUR: Mohd Nazifuddin Najib surprised the market by resigning as director of Harvest Court Industries Bhd after less than a month on the board, but he and his business associate Datuk Raymond Chan are not ready to exit the company yet amid the controversial meteoric rise in the price of the designated stock.

“We did not sell during the euphoria. I kept my 15.7% and he (Nazifuddin) kept his 2.2%. We will stay put and will not quit. We do not want people to think that we will pocket gains and hive off our stakes in Harvest. We do not want people to create any stories and hype over the share price.
“We will not exit in the near future, which is two to three years as we are here to do a genuine business,” Chan told StarBiz yesterday.

Asked if Chan who will remain as director of Harvest and Nazifuddin would increase their stakes any time soon, Chan said: “We have enough now and we are comfortable with what we have.”





In the limelight: Chan (left) and Nazifuddin answering questions from StarBiz at the interview.








However, he was quick to add: “But that does not mean that I cannot sell down my stake or buy more.”
Nazifuddin, the 28-year-old son of Prime Minister Datuk Seri Najib Tun Razak, said the ceaseless speculation over the stock was the reason for him to step down from the board of Harvest.

“We are just trying our best on our part not to let the market speculate, not to hurt any parties and just continue with what is the best possible direction. All the personalities are on board already and the projects in hand are enough to create certain amount of interest,” Nazifuddin said.

Chan said both of them had deliberated on the matter and agreed it was best for Nazifuddin to resign but he would remain active in pursing the 1Green Enviro Sdn Bhd project and remain as executive chairman of Sagajuta (Sabah) Sdn Bhd.

Both are shareholders of Sagajuta, a property company based in Kota Kinabalu that has undertaken several projects including 1Borneo Hypermall. Chan holds 30% stake in Sagajuta while Nazifuddin has 10%. The remaining stake is held by several individuals whom Chan declined to disclose.

Both said they were puzzled over the Harvest share price escalation.
“We do not want to be seen as someone driving the market towards speculation, or enticing people to over-speculate on the counter. We are genuine; we want to restructure the company and grow it. I decided quite recently to step down,” Nazifuddin said.

Will Nazifuddin's resignation from the board change anything at Harvest? “His real intention is to get involved in the Enviro project and take it to the next level and that was the intention of inviting him to join the board of Harvest, but now things have changed,” said Chan.

1Green Enviro is in the business of converting raw, empty palm oil fruit bunches into paper while Harvest is into timber processing.

Harvest was first thrust into the limelight in mid-October as speculation arose that Chan and Nazifuddin would inject assets to boost the earnings of Harvest.

The contracts have yet to materialise as only the letters of intent for two contracts worth RM199mil have been issued by Sagajuta to Harvest . This had raised doubts if Harvest would secure anything concrete from Sagajuta.

Due to excessive speculation, which saw the penny stock rise from eight sen to RM2.14, Bursa Malaysia designated the counter in a bid to the douse the speculative interest in the stock.

A designate stock means buyers have to make upfront cash payments for purchases and have a free balance of securities before selling. In yesterday's trading, and despite being a designated stock, Harvest rose four sen to close at RM1.40, with 3.02 million shares exchanging hands.


























Pot calling the kettle black!




Written by Mariam Mokhtar, Malaysia Chronicle

Crime Minister Najib Abdul Razak [sorry, Mariam, I just can't acknowledge this pink-lipped poltroon as our Prime Minister] is rather disingenuous to tell Libyan leader Muammar Gaddafi to refrain from using violence against protestors who are opposed to his rule.

He said, “We believe that he should not use violence. What is important for us is to take into account the aspirations of people... The system should be legitimate, it has to be based on support of people.”

Najib was speaking to AFP during his visit to Istanbul and said that the people in Arab and north African countries were giving “a clear sign of their demand for change and reform” and that those governments would have to acknowledge this.

He said, “The constitutional and political reforms that would be effective should be able to fulfill the hopes and aspirations of people, particularly the young people”.

Najib stressed that change in the region should be peaceful.

If only he would heed his own words.

When asked to comment about a possible uprising in Malaysia, Najib said that he was unperturbed as he had no concerns about a possible uprising happening in Malaysia as elections here were “quite free and fair” and that support for the government support was increasing.

Does Najib truly believe that vote-buying and rigging as well as manipulation of voters does not happen here?

But if Najib was not worried about events in the middle-east, why has there been a media blitz with various ministers saying that none of the rebellions will happen here?

The day after Egypt fell, Najib denied claims that there were parallels between Egypt and Malaysia. A few days ago, Minister for Information, Communication and Culture Rais Yatim told Malaysians to ignore Opposition propaganda to hold protests like those in Arab countries. Soon after, Deputy Prime minister Muhyiddin Yassin said that upheavals in the middle-east would not happen in Malaysia.

The more they protest, the more they betray their true feelings.

A few days ago, the British press claimed that Libyan leader, Muammar Gaddafi threatened to unleash mob rule as he pledged to “cleanse Libya house by house” until he crushed the insurrection seeking to sweep him from power.


In his most chilling speech of his 41 years in power, Gaddafi threatened death sentences against anyone who challenged his authority and in a diatribe lasting over 75 minutes, declared that “I will fight to the last drop of my blood”.

Najib’s ludicrous statement to tell Gaddafi not to use violence against the protestors is a bit like the pot calling the kettle black.

At the 61st Umno General Assembly in October 2010, Najib asked the near-hysterical delegates, “Are we willing to hand our beloved Malaysia to the traitor of race and country?” They in turn responded with shouts of “No. No.”


However, Najib’s most despicable statement then was, “Even if our bodies are crushed and our lives lost, brothers and sisters, whatever happens, we must defend Putrajaya.”

His ensuing speech was riddled with hostility. It encouraged fear and apprehension. His words taught Malaysians all about envy and hatred.

With his violent past, Najib has the gall to tell Gaddafi to refrain from using violence.

Furthermore, how does he explain the police use of water cannons, chemical-laced sprays, police batons, tear gas, arrests, physical intimidation and assaults against peaceful protestors in his own homeland?

What is the point of Najib telling Gaddafi off?

When we asked Najib about the government’s alleged purchase of small arms – pistols, sub-machine guns, stun-grenades and more – from underground sources in the overseas black markets, he kept quiet.

When we demanded to know if these arms would be used by Umno Youth, who are suddenly embarking on paramilitary training, he did not reply. (Khairy Jamaluddin has just completed his parachute training.)

When we questioned him about the need to recruit 2.6 million Rela volunteers by mid-year, he again maintained silence.

courtesy of Johnny Ong



































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