Hornbill Unleashed

December 5, 2011

Taib family’s illicit billions disclosed!

EXCLUSIVE: Taib family's illicit billions disclosed!

“Billions of illicit assets”: Abdul Taib Mahmud, the Godfather of Sarawak

Research by the Bruno Manser Fund (BMF) has uncovered the vast dimensions of the Malaysian Taib family’s illicit assets. According to the Swiss organization, the inner family circle of Malaysian potentate Abul Taib Mahmud has a stake in over 400 companies around the globe and holds illicit assets worth several billion US dollars.

Abdul Taib Mahmud (“Taib”) has been Chief Minister, Finance Minister and Planning and Resources Management Minister of Malaysia’s largest state, Sarawak, since 1981. He has been long criticized for corrupt practices and abuse of office but Malaysian authorities have failed to take action against him, despite an ongoing investigation by the Malaysian Anti Corruption Commission (MACC). Taib is a key supporter of Malaysian Prime Minister Najib Razak’s ruling Barisan Nasional coalition.

In Malaysia alone, Taib, his four children, eight siblings and his first cousin Hamed bin Sepawi have a stake in 332 companies worth several billion US dollars. The Taib family’s share in 14 large companies’ net assets alone has been calculated at 1.46 billion US dollars (4.6 billion Malaysian Ringgits). The three largest Taib family-linked companies are the 84% Taib-owned Cahya Mata Sarawak (net assets 2.4 billion Ringgits), the 25% Taib-owned Custodev Sdn Bhd (net assets 1.6 billion Ringgits) and the at least 35% Taib-owned Ta Ann Holdings Bhd (net assets: 1.4 billion Ringgits).

Cahya Mata Sarawak is a construction conglomerate listed on the Kuala Lumpur stock exchange (KLSE 2852) that has benefited massively from a cement monopoly and from untendered public contracts awarded by the Taib-led Sarawak state government. Ta Ann Holdings Bhd (KLSE 5012), which is chaired by Taib’s first cousin, Hamed Sepawi, is an internationally active logging company. Since its foundation in the 1980s, Ta Ann has been granted more than 675,000 hectares of logging and plantation concessions by the Taib government. Privately-held Custodev Sdn Bhd is a Sarawak-based property development company. Achi Jaya Holdings (net assets 550 million Ringgits), which is wholly owned by the Taib family, holds a monopoly over log exports from the timber-rich state.

“We consider these corporate interests of the Taib family to be illicit assets”, said BMF director Lukas Straumann today. “There are many clear indications that Taib has abused his public office to build a corruption and fraud-based billion-dollar empire.”

“We are shocked to see that the Taib family has so shamelessly enriched itself while the people of Sarawak have to struggle with widespread poverty and an appalling lack of infrastructure and government services.”

Apart from Malaysia, the Taib family also has stakes in at least 85 companies in 25 countries and offshore jurisdictions, namely Australia (22 companies), Bermuda (1), the British Virgin Islands (7), Brunei Darussalam (1), Cambodia (1), Canada (9), the Cayman Islands (1), Fiji (3), Hong Kong (7), India (2), Indonesia (3), Jersey (1), the Kingdom of Saudi Arabia (1), Labuan (1), New Zealand (5), the People’s Republic of China (2), the Philippines (1), Singapore (2), Sri Lanka (1), Thailand (2), the United Arab Emirates (1), the United Kingdom (4), the United States of America (6) and Vietnam (1).

The Bruno Manser Fund is calling on anti-corruption and anti-money-laundering authorities worldwide to investigate the Taib family’s business activities and freeze Taib family assets in their countries.

Business leaders and corporations are advised not to conduct business with Taib family corporations for legal and reputational reasons.

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5 Comments »

  1. BN Taib must keep Dayaks remain uneducated, hungry and poor

    Only then BN Taib can keep on control power till pigs can fly

    Dayak Poverty, Hunger and Illiteracy = BN Taib Rule Forever!
    ________________________

    Too many school dropouts in Sarawak, says Taib
    The Star, Friday, July 27, 2001

    SRI AMAN: The number of dropouts among primary and secondary students in Sarawak has reached an alarming rate, said Chief Minister Tan Sri Abdul Taib Mahmud.

    He said 64,000 primary and 18,000 secondary students dropped out of school between 1991 and 1996.

    “This situation should be checked as it is a cause of concern to the government,” he said when launching the rural national science centre programme at the Civic Centre here on Wednesday .

    Taib said if the problem was not addressed, it would hamper the government’s efforts to develop the state .

    He said the state’s literacy rate was 83% and that 15.1% of the population did not receive any formal education. Only 9.3% had attained tertiary education.

    He said the younger generation should fully utilise the information and communication technology to acquire more knowledge in the globalisation era.

    “To create an awareness among rural community on the importance of science and technology, the state government will carry out more roadshows,” he said.

    Taib said the government would pick five students from Sri Aman division to visit the National Science Centre and Twin Towers in Kuala Lumpur to encourage more students to take up science subjects.
    ________________

    DCM shocked by claim that Penans are starving
    Bernama News, Saturday, 1 August 2009

    Sarawak Deputy Chief Minister Tan Sri Dr George Chan was shocked over news reports about 3,000 Penans in the remote settlements in upper Belaga in the Kapit Division facing starvation due to shortage of food.

    “I’m very shocked…it is impossible. If nobody helps them, the Penans can still survive in the jungle easily as they can hunt for animals and forage for edible plants,” he told reporters here today.

    Dr Chan was asked to comment on today’s newspaper reports which quoted Rural and Regional Development Deputy Minister Datuk Joseph Entulu Belaun that famine had hit about 3,000 Penans in Belaga following crop failure in their five major settlements, and they were crying out to the government for help.

    Entulu, who was with Dewan Rakyat Speaker Tan Sri Pandikar Amin Mulia and six MPs at the government-built Penan service centre in Lusong Laku early this week, said the Penans were facing starvation over the last three months, relying on tapioca, wild sago and jungle products but supply had run out.

    The five settlements are Long Abit, Long Kajang, Long Tanyit, Long Malin and Long Lidem.

    Meanwhile, Ulu Rejang MP Datuk Billy Abit Joo also expressed shock over the news reports, but also amusement, saying that “shortage of food does not mean the Penans are starving”.

    “There are about 1,000 Penans in the six settlements and they are not starving.

    “The Penans have always faced food shortage due to the destruction of their food source, but this year they had poor rice harvest because the crop had been destroyed by insects and monkeys,” he said.

    However, Abit said the Penans’ harvest could still last about seven months. “The Penans will share their harvest, hunt for animals and look for wild sago as their staple food. They will not starve,” he said. – Bernama
    ________________

    Jabu: 27,902 Household Heads Under Hardcore Poor Category,
    19,031 Total Dayaks or 68.2 %
    Bernama News, 23 June 2011

    KUCHING — A total of 27,902 household heads (KIR) or 49.8 percent of 55,975 registered in e-Kasih system fall under the hardcore poor category, the State Assembly heard today.

    Deputy Chief Minister Tan Sri Alfred Jabu said of the 55,975 registered until June 11, 23,235 were categorised as simple poor and 4,838 had exited poverty.

    “Of 27,902 KIR under hardcore poor, 13,349 are Ibans (47.84%), 5,601 Malays 2,925 Orang Ulu, 2,757 Bidayuh and 1,974 Melanaus (bumiputeras), 647 Chinese and 622 others,” he said when replying to Violet Yong (DAP-Pending). (19,031 total Dayaks or 68.2 %)

    KIR with income of RM520 monthly fall under the hardcore poor category while those earning RM830 monthly are categorised as simple poor.

    Jabu said to ensure effectiveness of e-Kasih, district poverty eradication focus group committees will vet applications to ensure that only those qualified were registered.

    The data will be updated with entry from all aid agencies and those not registered with e-Kasih so that data on the low income group is comprehensive.

    “The system is under construction and implementation is expected to be completed in 2012,” he said .

    Jabu told Dr Abdul Rahman Junaidi (BN-Pantai Damai) that 18,876 people were beneficiary of the Housing Assistance Program (PBR) including 10,847 new houses and 8,029 repaired houses .

    A total of 1,877 KIR received assistance from the Rural and Regional Development Ministry.

    Some 3,426 projects under the 1Azam Programme of the Women, Family and Community Development Ministry had also been implemented until May. — BERNAMA

    Comment by Kamus — December 6, 2011 @ 9:51 AM | Reply

  2. too many talks….talk cock and hot air only lah…
    comes GE still people vote for BN….. sakap banyak pun terrak guna lah bro…..

    you want Taib and cronies go…. pay someone put one or two lead his skull lah! Sre many people wil come forward….pay good lah!

    Comment by HH8H — December 5, 2011 @ 11:51 PM | Reply

  3. SARAWAKIANS DECEMBER 8 1962 CAME AND WENT – WE FAILED TO RISE TO THE CALL….

    THE REVOLUTION WENT PAST & WE DID NOT EVEN SNIFF THE CORDITE – 1962-1990

    THE TREES WENT WHIZZING PAST IN TRUCKS AND WE MISSED THIS

    THEY TOOK OUR OIL & LEFT NOTHING AND WE HARDLY NOTICED!

    [Explanation:
    December 8 1962- anti-Malaysia Brunei independence uprising….fought by TNKU for independence from Britain & to oppose their Malaysia Plan.

    1965 – 1990 People’s independence war fought by PARAKU to oppose British & Malayan imposition of Malaysia]

    NOW WE REAP THE CONSEQUENCES OF BEING FORCIBLY INCORPORATED INTO MALAYSIA AND SEE ALL OUR COUNTRY’S WEALTH STOLEN BY UMNO PBB BN!

    SO ISN’T IT TIME TO RISE & FREE OURSELVES FROM UMNO RE-COLONIZATION?

    HOW LONG DO YOU WISH TO WAIT?

    Comment by Orang2bangkit — December 5, 2011 @ 9:11 PM | Reply

  4. Time to revolt. Time for a massive demonstration across Sarawak against the biggest crook in South east Asia. Time for the Dayaks to go for his head and blood.

    Comment by Frankie — December 5, 2011 @ 8:32 PM | Reply

  5. “Pelandok boleh lupakan jerat tapi jerat tak boleh lupa kan pelandok” This sinister arrogant Taib Mahmud will and must answer for his crimes preferably when he is still alive. Remember Mubarak…not Gadaffi and Sadam…these scums have answered the call of divine retribution.

    Comment by Mandela — December 5, 2011 @ 7:43 PM | Reply


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