Under the state constitution, the Chief Minister shall not hold any office of profit and shall not actively engage in any commercial enterprise, but according to the research findings of The Edge Weekly Taib might have broken this state law while he was ruling Sarawak. (more…)
Sarawak Report
Sarawak Report can reveal that the turnover on the Taib family’s latest foreign property venture in the UK has been over half a billion ringgit (100 million pounds sterling) so far and it is still rising.
The Ridgeford Properties development in Bolsover Street, Central London, which comprises several flats, has now sold most of the units in its current 2nd stage of development for a price totalling £98,145,182 (RM537,000,000), according to research by the Swiss NGO Bruno Manser Fund into the UK property register.
Some of the most expensive penthouse flats are yet to have been sold, meaning that the final sum will go well over the hundred million pounds mark. (more…)