I started a Sherlock Holmes trail to unravel the PKFZ...

BUT wrok on a new jorney to earn B&B, with some kaya thrown on top of my plain toast bread with 3 laters of Skippy peanut butter, forced Desi to abandon the trail. Minta maaf k!

Today I Cut&Pastried from malaysianunplug.blogspot.com and finally besides seeing the TIP OF AN ICEBERG, we can see the second layer. Soon the third layer will surface; as I say, Miss Patience is also Ms, Mr or in-between Virtuous!:)

PKFZ Scandal: Imprison Those Blood-Sucking MCA Lap Dogs of UMNO
Wednesday, December 23, 2009
Read here for more in Malaysia Today

The Scoundrels
in the PKFZ Billion Ringgit Scam


MP BINTULU


MCA YOUTH CHIEF


(courtesy of stocktube blog)


Excerpts

Now documented evidence has started to surface about the involvement of Deputy Education Minister Wee Ka Siong (WKS) in the RM 2 billion PKFZ mess.

The latest daming documents show that Hijau Sekitar Sdn Bhd (240539-X) did consultancy work for Wijaya Baru Sdn Bhd (205953-X) on "the feasibility of a new port facility on reclaimed land at the mouth of Selat Lumut in Port Klang" in 2006.

Hijau Sekitar, established in 1992, is owned by Wee Ka Siong, who has 49,998 shares.



The remaining shareholders are one Lim Kit Siong (50,001 shares) and Wong Woon Ping (1 share).

Wijaya Baru, as we all know, is the parent company of Kuala Dimensi Sdn Bhd, the turnkey contractor which made PKFZ its own goldmine. (Please refer to the documents, including a company search).

Here's the background :

* Back when PKFZ was starting to take shape , two prominent businessmen wanted to make some quick bucks. Westport boss Tan Sri G. Gnanalingam and Tiong King Sing each bought a piece of land adjacent to PKFZ, a project modelled after the highly-rated Jebel Ali Free Zone.

* Being privy to the information about the massive infrastructural developments that would take shape in next door PKFZ, the duo had wanted to piggy-back on what they then thought would be a foundry for golden eggs-laying geese.

* The duo was aided and abetted by Wee Ka Siong through his little-known consulting firm, Hijau Sekitar, which headed four other consulting firms.

* Had PKFZ succeeded, the port facilities would have been leased to the Port Klang Authority on a long-term basis for a price more handsome than the love-struck Bung Mukhtar. Tiong King Sing and Wee Ka Siong would have made billionaire golfer Tiger Woods look like a pauper.

In other words, Wee Ka Siong, through his buddy Tiong King Sing, wanted to have a second milking of the cash cow (the first being PKFZ proper). Credit must be given to Mastermind Wee (as lead consultant) for a plan so ingenious, it could only have been inspired by sheer greed.

* (But) Ong Tee Keat messed up their Grand Design by opening the can of worms that is the PKFZ.

* The A-G's Chambers and the MACC are now poring through 7 boxes of documents seized from Port Klang Authority's office on Dec 4 to determine the extent of whichWee Ka Siong breached the Official Secrets Act by acting on classified information.

* Highly-placed sources said Wee Ka Siong will also be charged for economic plunder and grand larceny in the first two weeks of 2010. But legal problems aside, the political fallout for the MCA Youth chairman following the surfacing of such documents would even be greater.

* The documents clearly show that Wee Ka Siong is closely linked to Tiong King Sing, who is gunning for Ong Tee Keat over the PKFZ issue. His denial of links with Tiong is now proven to be a blatant lie.


It shows whyWee Ka Siong is so impatient to topple the MCA president. Even Wee Ka Siong 's own aide in the Education Ministry used to be a staff of Wijaya Baru and was collecting a salary from Tiong King Sing .

Wee Ka Siong was also the one who laid the trap for Ong Tee Keat to board Tiong King Sing's private jet and then leaked the details in the Internet. (More of WKS's lowdown here).

The documents (read here) are only the first batch. More will be released in due time. By then, Liow Tiong Lai’s wife run-in with the MACC over the Toyota Alphard scandal will look like a noble deed.


RELATED ARTICLE

PKFZ’s RM12 Billion Scandal - Where are the Sharks?
( POSTED on May 31, 2009 by Stocktube Blog)

Read here for more on Stocktube blog

EXCERPTS

PKFZ (Port Klang Free Zone) scandal is perhaps the BIGGEST scandal the country ever had so far from the legacy of former premier Mahathir Mohamad since the BMF scandal, that’s if you ignore the Central Bank’s losses from the foreign exchange speculation.

BMF (Bumiputra Malaysia Finance Ltd) scandal involved losses of about RM2.5 billion thanks to dubious loans to Hong Kong Carrian Group which collapsed in 1983 after the property crash. Carrian Group chairman George Tan (a Malaysian/Singaporean businessman), BMF chairman Lorraine Esme Osman (a longtime Tengku Razaleigh Hamzah associate) and BBMB (Bank Bumiputra Malaysia Berhad) executive director Mohd Mashim Shamsuddin were figures linked to the scandal.

Just like BMF scandal, the Malaysian government was trying to cover-up the PKFZ scandal but the losses just got too huge to be swept under the carpet.

The PKFZ scandal was simply too huge and the potential of losses is unlimited hence it’s too difficult not to scream the name of former Transport Ministers Chan Kong Choy and Ling Liong Sik.

The idea to transform Port Klang into a national load center and a regional transshipment hub was mooted during Mahathir’s era in 1993 under the Seventh Malaysia Plan (1996 - 2000) after the Mahathir’s administration was impressed with Jebel Ali Free Zone in Dubai.

Since its’ setup in 1985 the Jebel Ali Free Zone now spans an area of more than 12,000 acres that attracted over 6,000 tenants employing more than 130,000 employees. The Malaysian Cabinet under Mahathir approved the project in 1999 to “copy” the Jebel Ali Free Zone model and hence the birth of 405ha PKFZ (Port Klang Free Zone).

*************************** For amOre..., can you move your BUM and surf to the ORI? Che3ers,

"Merry Christmas and ap AP NU'E YEAR 2010!"

from YL Chong -- Desiderata

Politicians Who Made Billions