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Tuesday, April 23, 2013

The Truth of SAS issue revealed (Revisited)

An eternal mockery of the anti-corruption move by the Malaysian government

1. This letter is written with a view to disclosing the TRUTH hidden in the disastrous loss of SAS, which has been twice rejected the presentation of TRUTH in White Paper by the overwhelming majority of BN assemblymen at the Sabah State Assembly.

2. At first glance, you would come to the simple (as kindergarten) conclusion that "I am from SAPP" and "I am speaking for Yong Teck Lee". My simple and instant reply is: Bullshit!! Let me tell you this: I've never been a SAPP member and neither am I paid / or instructed to write!

3. As regards the purpose of writing, my answers which are clear, simple and unequivocal are given below:

i) I write for the God / Tuhan I believe.

But, people join politics for the mere purpose of political position and monetary gains and still claim that they believe in God are not only self-deceiving but also insulting God / Tuhan. Such deceitful politicians also include those who claim themselves "clean and honest" but apply every means to cheat the peoples and twist the laws like Tun Mahathir as manifested in his relentless means to topple the PBS government in Sabah, to kick Tun Musa Hitam Datu Sri Anwar and Tun Abdullah Badawi down from their respective high positions, making every attempt to put his son in the top political position in Malaysia.

ii) As a true believer of God/Tuhan, a fortunate, (or unfortunate) insider who happened to have a chance to "know" the TRUTH, I have long suffered insomnia by watching anti hearing the Satanic covering-up and twisting of TRUTH.

4. Those who refuse or decline to tell the Truth can be classified into three categories, namely, (a) they themselves are the extremely few (the true and genuine culprits like Anifah Aman and Datuk Salleh) who took or stole the hundreds of million ringgit from SAS ; (b) those who have no share in the millions of dollars stolen / taken but would benefit abundantly by helping to cover-up (e.g. Dr. Yee Moh Chai); (c) those who were inevitably involved in the scandal like a person fallen into a sewerage tank. (e.g. Datuk Yong Teck Lee).

5. As I do not have a personal agenda for political gains, I would simply present the Truth in a Question and Answer (Q and A) manner as follows:

Q. Who were the real and actual culprits that caused the downfall of SAS?

A. They were Anifah Aman, the beloved brother of Datuk Musa Aman, Chief Minister of Sabah today and Datuk Salleh Said Keruak , former C.M. of Sabah

Q. How did they manage to get the hundreds of million ringgit out from SAS, causing the value of SAS to fall from RM1.00 p. share to below 20 cent p. share over a period of two years?

A. To be brief, it was an "insider trading'". The gigantic amount of cash was "stolen" from SAS via the so-called acquisition of Repco shares. That is, Datuk Salleh who was then Chairman of Saham Amanah Sabah acquired the "tissue-paper" shares (with blown-up price) of Repco manipulated by its Chairman Anifah Aman using the SAS fund.

In consequence of the "insider trading", hundreds of million ringgit were gone from SAS while Repco became a billionaire overnight. To be more specific, Anifah Aman (brother of Datuk Musa Aman) and Datuk Salleh became billionaires overnight.

Q. Was the "insider trading" completed over a few days or a few months / years?

A. In principal, it should be within a few weeks. But, to cover up their sin and crime, they took months or years to complete the acquisition of "cash" and the sharing among themselves, (whom you could never find out because they were all "private deals")

As Datuk Yee M.C said at Dewan Undangan Negeri, the hundred - million ringgit loss of SAS occurred over a period of two years. That implied the "crime" could have occurred and completed long before or even after Datuk Yong left his C.M post.

Q. What is the significance of time sequence in this matter (SAS)?

A. Let us study the sequence of events as follows:

1) Before Tun Sakaran stepped down from the C.M. post, Saham Amanah Sabah (SAS) was launched in late 1994 by the DPM/ Federal Minister of finance, Datuk Anwar Ibrahim. Datuk Salleh was the State Minister of Finance then.

2) 27/12/1994 - 27/05/1996
Datuk Mohd. Salleh became C.M. Sabah

3) 28/05/1996 - 27/05/ 1998
Datuk Yong Teck Lee was C.M. Sabah

4) 28/05/1998 - 14/0-3/1999
Datuk Bernard Dompok was C.M. Sabah

Datuk Yee has been deliberately confusing and misleading Sabahans with the time sequence of the tragedy.

Q. What was Datuk Salleh's role in this scandal?

A. Without his approval as the Chairman of SAS, the transfer would never have been possible.

Q. Did Datuk Yong Teck Lee know and benefit from the Devil's deal as described by Dr. Yee Moh Chai?

A. The answer could be "yes" or "no" depending on the government's willingness to "confirm and certify" the Truth. Neither Datuk Yong nor Dr. Yee can confirm to that effect.

As the Devil's transaction was conducted between SAS and Repco, Datuk Salleh (then Chairman of SAS) and Anifah Aman (Chairman of Repco) did not need the approval of Yong (C.M. until 27 May 1998) to acquire the hundreds-of-million ringgit worth of SAS units (fund) by means of Repco's "tissue paper" shares.
Besides, if Yong had been so smart and so cunning as Yee described, why should he use Repco to accomplish such juicy Devil's deal, knowing too well that Repco did not belong to him? But, Dr Yee has all the time been smart and cunning enough to avoid mentioning of Repco in the loss of hundreds of million ringgit from SAS as proved in his argument on the issue at the Dewan Undangan Negeri Sabah.

There was indeed a mysterious "restraint" by Dr. Yee in his deliberate and enthusiastic attack on Yong even though he claimed to know the truth about the collapse of SAS. He never mentioned or questioned Repco's role.

Q. How about the Federal leaders' role in the SAS scandal?

A. To my logical understanding, they (P.M, D.P.M or Minister of Finance) came to know about the deal almost as soon as Yong knew it. Legally speaking, all unusual and tremendous deals concerning shares or fund of Public companies must be reported to the Minister of Finance by the Security Commission or the Federation of Investment Managers Malaysia.

The SAS deal was devilish enough for them to report to the Minister of finance. (Subsequently the P.M) because:(i) the tissue-paper shares of Repco were blown up to an impossible margin of prices in order to match and accommodate the acquisition of SAS trust fund;(ii) the total fund (or money) involved was over a few hundred millions: (iii) the fund belonged to the people of Sabah.

But, the Federal leaders did nothing and has remained silent until today, even though the newspapers and Dewan Undangan keep talking about it. We all know that Dr. Yee wanted Datuk Yong to admit the crime and punish himself. It was indeed weird for a professional lawyer like Yee to give judgment in the absence of a qualified Justice, which reminded us of the late Augustine Paul who heard Anwar's case during the upside-down history of Malaysia.

Q. What are the considerations behind the Federal leaders' "protection" for the culprits of SAS financial disaster?

A. I would answer your question by putting another question of similar nature back to you. Why have the Federal leaders never made any clear, solid, legal actions against the culprits involved in the multi-billion ringgit corruption cases (which they called "malpractices" or "mismanagement") of Bakun Hydro-electric Dam? Perwaja Steal project? Port Klang free Zone? And many others.

If you know the answer to these Devil problems, you have also got the answer to the SAS scandal and its tragic losses. 1 need not remind you that Tan Sri Chong Kah Kiat left the State Cabinet not really because of Kudat Ma-Tzu statue but rather, because of the hidden corruption case relating to Pulau Sipadan. Chong was framed to walk into the shadow of a "corrupted practice" committed by Big Boss just as much as Yee M. Chai wanted Yong T. Lee to repeat the same.

However, as Datuk Yee M. Chai said at the Dewan Negeri, "The fact that they're not caught doesn't mean that they're not crooks." Very well said!

Q. What conclusive remarks would you give to summarize the SAS scandal?

A. i) My first and foremost concern is Datuk Joseph P. Kitingan, Huguan Siou of the Kadazans. He is a true believer of God / Tuhan. Telling and getting committed in blatant lies would push him towards Hell. I want to stop it by disclosing the Truth.

ii) Anifah Aman and Datuk Salleh have very obviously caused the tremendous loss and collapse of SAS. But, they have "somehow behaved themselves" by keeping quiet, leaving Yee M. Chai and Herbert Lagadan to play the role of a guilty clown by twisting and covering up Truth which, they claimed to know.

iii) While I give no guarantee that Datuk Yong was not involved in the scandals relating to SAS, I maintain that a full disclosure and open investigation (not P&C) be conducted. Other than that, it is either bullshit or blatant lies. If Dr. Yee does not like the idea of White Paper, he can have the disclosure presented in Yellow Paper or Red Paper.

To my understanding, Bibles are normally printed on white paper.

iv) Despite his persistence lies about SAS scandal (20% Truth plus 80% lies?), Datuk Yee and his associates in politics have made a highly remarkable contribution to Sabahans.

Thanks to Yee's persistent outcries in the press and Dewan Undangan Negeri "like the little clown jumping up and down. making people laugh" (as Datuk Yee himself described) in a deliberate attempt to cover up the crime committed by Datuk Salleh and Anifah Musa, we would not have heard the bitter debate about White Paper. Neither would I have the incentive to write this letter in an attempt to relieve Datuk Huguan Siou (Pairin) from the on-going lies in the light of a true Christian / Catholic.

Finally, I want to add that Datuk Joseph F, Kitingan is a good guy BUT for three reasons he could never be a good Chief Minister.

1st  he is a Kadazan leader, not a UMNO leader.
2nd he is vulnerable in character.
3rd if he or Yong has been the mastermind of Repco / SAS scandal, they would have been sentenced to prison by now! Subsequently, Datuk Yee's role as a clown would also have been redundant.

Letter to the Editor by insider

Related news:

73 comments:

  1. Thanks God. At least there's someone who got the ball to shoot the Pig. why not make this revelation as an open letter to the P.M and cc to MACC PANEL ADVISORY. there's a person that we can trust there. He is the one that order Gani Patail to clarify his cleanliness.

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  2. I always like to stress the Pandora box theory in relation to the SAS scandal.. Who has caused open the Pandora box in the first place?? Are not NBT and sugarbun seem the most likely candidates for the Pandora box syndrome??
    It could have been very true about the Repco case as the Sabah counters known in those days are said to be mostly used as cover up funding for convert operation.. So if the Pandora box theory stands, Yong is the prime culprit, if the conspiracy theory stands as in the article above, then ALL those in the then BN government are Guilty as charged..

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  3. BN is against the white paper for fear this very matter come to the open, and they can be charged for deliberate concealment of the truth.

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  4. I wonder why none of the umno sabah talk about SAS but using their barking dog from pbs to commit sin by attacking YTL?

    If YTL is guilty on SAS, why don't the evil bn take action? Why they only bark like the two pbs dogs but no solution? Why the three ex-sapp betrayer keep quiet since they are holding high posts in SAPP and should know the truth if it is really YTL fault?

    Sabahan do not easily be fooled by the evil BN! God's know and most of us know.

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  5. People still refuse to see that YTL is the reason behind SAS debacle.

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  6. This matter is difficult to understand. but who is in power at that time should be responsible. the truth must be known.

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  7. I would prefer if YTL come forward to the public and give explanation regarding this matter.

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  8. There are so many question, or should i say Mystery surrounding this issues...

    While there is a truth behind this article, i cannot help myself to wonder; why does YTL doesn't do anything about the SAS fiasco & its illogical that all of this thing happen under his nose, out of his knowledge...

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  9. i think investigation is needed to know who is involve in SAS issue.

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  10. I think YTL needs to give explanation on this issue.

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  11. This the past issue..Why someone make this issue again??Ask YTL for this issue..

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  12. For this issues, maybe TYL the first person should give the explanation. 55000 Sabahan invested in SAS, agreement signed by YTL..??

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  13. The past, is past..So no need to blame each other anymore. The important now try to make Sabah more develop in the future..

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  14. YTL must answer all the question about the SAS..

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  15. for this issue, i think YTL must responsible.

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  16. Ace got a good point there. Reading Ace's comments makes this letter illogical.

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  17. wah! why so many comments just by one person using different names talking by himself? Please lah! Why protect the real culprits who got away with so many hundreds of millions of ringgit?

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  18. sebaiknya kita semua kena pastikan agar SAS makin berkembang dan maju.

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  19. The truth of SAS? I guess this is something serious to ponder about.

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  20. Tapi ramai orang tidak tahu siapa yang terlibat untuk mendapat untungan ratusan juta ringgit. Boleh kah masih mahu menyalahkan YTL tanpa mengira apa yang pemimpin Umno dan PBS enggan memberi kertas putih atas isu ini?

    Kenapa???? Kalau tiada barang untuk bersembunyi...beri peluang untuk White paper untuk mengetahui apakah sebenar SAS jatuh!

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  21. I think the SAS fiasco is the only weapon which the BN can scapegoat YTL in his political future...They will keep attacking YTL linking it to NBT but never mentioning the real culprit REPCO.

    Just think, who has taken the money from your SAS investors' pockets....please wake up!

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  22. dalam isu SAS ni, mengapa nak saling menuduh antara satu sama lain. kerugian yang berlaku pada SAS dahulu harus dijadikan pengajaran kepada kita untuk memperbaiki kesilapan dahulu. lebiuh baik fokuskan kepada kerjasama untuk membangunkan lagi ekonomi negeri.

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  23. Sejauh mana kebenaran yang terungkai?

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  24. The opposition must be getting excited now.

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  25. NBT shares were actually sold off with a profit...but where goes the profit?

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  26. Profit should goes back to the real culprits to cushion the loss!

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  27. NBT shares taken over was raped by Umno culprits, secretly taking away the timber concessions that held NBT in value...thus making NBT shares dropped....But according to A. Lee, NBT shares were sold by SAS with a good profit...SAS shares felt???? How? you now know why!

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  28. While the 2 culprits got their bank accounts filled up with all the SAS investors' money, SAS was almost empty.

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  29. U all are pigs, twise the truth, U just read the statement and check who were the CMs from 1994 to 1999 and check when was the SAS fiasco? And I very pitty to my YB Yee Moh Chai and his stooges group, as a Lawyer, Yee knew the Truth of SAS issue, but he tell lies. Same as the others, to me, you can cheat all the people all the time BUT you can not cheat the GOD/TUHAN at any time. PLEASE TELL THE TRUTH TO THE PEOPLE AND I BELIEVE GOD/TUHAN WILL FORGIVE YOU ........AND YOU WILL BE GIVEN A PLACE IN HEAVEN. Amen.

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  30. anak sabah...you have the guts to advice people & call them a pig at the same time..asking people not to cheat God so that we all can have a place in heaven...

    so you already have a place in heaven because ur telling the truth? even though ur going around telling people they are PIGS because they don't have the same opinion as u?

    i wonder what is your religion because i hope its not christian!!

    C'mon!!!

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  31. Nevermind about the pigs or whatever religions they are. So long as people are not God fearing anymore they will tell lies , twisting facts, make false accusations for reasons known to themselves. Sabah had lost Billions while oil and gas continues to be pumped away from Sabah. Open our eyes and look at larger issues without getting personal and centralising the discussion and debate only on a couple of individuals. We are not saints but we are not beyond redemtion if we repent and try to do thing right. So guys I look at some of your arguments, it is all pointing fingers and making judgement like you guys are angels. Are you angels or dirty politicians?

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  32. While we are arguing, our Sabah's rights, natural resources were being taken away from us bit by bit, no thanks to BN

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  33. Unfortunately, Sabahana are either too naive, too kind or too dump. We let other people exploited us and still thank them for doing so. We let other people robbed us of our wealth without any resistance. While the thieves are busy taking our belongings we are here busy fighting among ourselves. If are continue to allow these exploitations to carry on and fight among the brothers, we will all be looked upon as Biggest Losers and Giant Idiots.

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  34. SayangSabah, agreed...that is the kind of subservient attitude we have in Sabah?

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  35. Umno has all along been good at making others scapegoats, while keeping hidden and protected by the 'laws' of Malaysia, corrupt and bias political and judicial systems. One of the best examples of UMno's failures were the 513 (May 13) incident which could be avoided if they are really sincere enough...instead scapegoats are easily found to cover their failures.

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  36. Culprits and members of BN are always protected, only when they are not needed, then they can be sacrificial lambs for MACC to nab them and show the malaysians that the government is transparent...Yak!

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  37. Lets just remember...the real culprits always got the loot and skapegoats are left to answer. By this, why are these two culprits spared but they have walloped the hundreds of millions into their own pockets...Umno has used others to become their skapegoats since 513.

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  38. Ambrose Lee sama Yong Teck Lee yang terlibat.

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  39. Let us just be fair, Yong did not get anything out of the SAS, but Ambrose Lee...I don't actually know..what I know from here is the ones who have got away with the hundreds of millions of ringgit from the people and still walking free

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  40. Datuk YTL has explained about SAS issues in their official website, www.sapp.org.my . There are tons of records in their archieve, however BN only release false statement in newspaper but never wanted to reveal the truth by issuing White Paper on SAS issues.

    Remember last year after SAPP requested BN government to issue White Paper.. the trend of defaming Datuk YTL no longer continue by the Dr. Yee and his followers? Because they are afraid to reveal the truth behind.

    Pls check below;

    http://www.sapp.org.my/archive/miscnews/100423_ytl_sas_paper.htm

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  41. culprits are the ones who have got away with the money yet they were being protected by government and crap laws.

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  42. Those culprits who took away the rakyat hard earned money will face Lord judgement oneday. God is watching!

    I always believe that "The wicked one will fell, the Righteous one will Prevail"

    Clement

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  43. If there is no problem with the share swaps, why is it necessary for Ambrose Lee to "offer" to make restitution by way of another swap with his Borneo Marble to the Government ??

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  44. I think the truth can only be revealed through white paper...which tells us all...but unfortunately turned down again and again.

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  45. I believe this is true that the 2 culprits are involved. If they are not, this topic will be publicly denied by both of them. Silence is golden for the time being for these two.

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  46. We all knew what happened and who's behind this SAS issue.

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  47. while umno kept quite, one is the assembly speaker and the other one is a federal foreign minister....that is how umnoputras take care of their macais

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  48. SAS-SAILANG ATAU SONGKLAP!,berapa baki RM lagi? 1?10?100?suruh saja buat trading dgn Forex,konon2 ada orang Pakar Saham di Kg.Apin2,Keningau geng dia buat trading di N.Z skrng bergelar Billionare dpt untung drp Saham Forex,mana pakar2 ekonomi Sabah? Izajah main beli ka? drp Bethel Uni!,Tun Mahatir cadang kasi ISA orang yg buat speculasi dn trading mata wang Malaysia kalu karut!! kalu untung Bank Negara minta share!

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  49. No politician will come clean, they will only brag how good they were and their governance was based on people interest. Just look at Tun Mahathir, came out with his "Autobiography" & unveil the skeleton inside the closet & saying that w/o him, the country will not go forward, metaphorically speaking...His son is a Millionaire, 14 in Malaysia Forbes list, another son Deputy Trade Minister. So, what now? There's no end of this, political or religiously speaking, it's all about twisting the fact and make us look they're saint. x guna cakap banyak2, pusing2 ja...

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  50. Tuhan tahu apa sebenar yang berlaku.

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  51. Nobody from Umno got to reply this issue? WHY?

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  52. Wanna know the truth? Well simple! Just said "WE WANT THE WHITE PAPER!" "WHITE PAPER PLEASE!" I don't care who are right or wrong! "WHITE PAPER!" "WHITE PAPER!" ...

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  53. You know, I know, God knows. White paper also waste of time.

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  54. May Lord to give His wisdom to the people of Sabah to reveal the truth of SAS scandal!

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  55. WHY didn't YTL as a responsible CM & the chairman of Warisan Harta(?) stop this DEAL? WHY did he abrogatted his responsibility to protect the rakyats money if he is not involved?

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  56. As mentioned, this is insider deal. All the decision makers are the BODs in SAS.

    This insider deal got nothing related to warisan harta. Its between the SAS chairman salleh and REPCO boss. Securities Commission should have the records. Who control SC if not umno?

    Why those SAS holders didnt want to sue the government? Why SAS holders keep quiet?

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  57. Rakyat tahu siapa sebenarnya yang terlibat.

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  58. Silence by Umno is evidence of their crime in the SAS fiasco.

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  59. Betul lah yang terlibat bukan Yong atau Yee atau Ambrose.Yang betul betul rancang adalah anak tukang sembeli sapi dari Bingkul.Bila abang CM siapa boleh paksa?.

    Kalau mungkin Siasatan Penuh dan Kertas Putih dikelarkan barulah semua terbongkar habis.UMNO akan sakit.

    Rakyat tahu,cuma kami Samah dan KDM ini agak baik perangan dan pemalu.Biarlah kami tinggal atas pokok kayu,tidak apa.

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  60. Siapa yang makan cili, dialah yang merasa pedas.

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  61. Semua pun terlibat lah kalau ikut itu macam punya cerita?

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  62. KALAU ADA BUKTI BAWA PERGI MAHKAHMAH,SEKARANG ADA SUDAH BAH ITU PERUNTUKAN UNDANG UNDANG.KORANG CARI KALAU ADA KES SAMAN ITU COURT JUGA LAH

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  63. Repco has sucked SAS dry, no thanks to the culprits

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  64. Memang tda yg berani buka mulut sebab semuapun terlibat. Itulahmasalahnya kalau anak beranak, adik beradik dan suku sakat semuanya pegang jawatan tinggi kerajaan. Sekarang mulut dorang semua macam kena sopinit sebab sdh kedapatan. Jgn lagilah undi ini BN punya party. Dorang tu semuanya tamak dan asyik ambil kesempatan saja . bukan membantu rakyat, dorang punya suku sakat saja.Kesihan para pelabur SAS. Tapi apapun biarlah Tuhan saja yg hakimi dorang.

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  65. White paper was refused becoz Umno culprits were the real culprits...if not, they would have happily endorse a white paper..see the reason and logic...don't be stupid enough to listen to false accusation against our ex-CM Yong which were all framed to make him scapegoat by linking NBT and Ambrose Lee. Well, to tell the truth, NBT shares were sold off with a huge profit before SAS collapse...so where does the money goes, is the big question. Why SAS still suffer losses....explanation is quite clear here...the manipulation of shares by the Umno culprits have left the SAS almost dry...and they all knew it...keeping quite until now....why??? common sense!

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  66. Clever and cunning manipulation of SAS by Umno has made SAS shares dropped. If there is nothing fishy about Umno's involvement in the scandal, then the white paper demanded by SAPP will have been happily approved. Silence by Umno on this is too sinister and real that their involvement in the SAS collapse is fact!

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  67. Ambrose Lee said based on records of all SAS transactions made available to the public, the SAS did not suffer substantial losses in NBT as they had sold the NBT shares before the collapse, while the records also showed that SAS made substantial gains in Sugar Bun shares.

    “Warisan Harta Sabah Sdn Bhd (WHSBB) and SAS are two different entities.

    So where does the money goes?

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  68. where does the money goes? The money goes to where all the other money goes! oil, gas, timber, land, contracts,GLCs.....Does it make sense to focus on Yong Teck Lee and losing sight of the whole State. Don't get fooled and most of all stop fooling ourselves. The whole State will continued to be robbed off and we are still arguing on a single issue SAS. What is your intention? To penalise Yong Teck Lee so that you can stop a Sabahan from fighting for Sabah? So that you can stop other leaders from joining force to fight against the corrupted BN? Are you part of the corrupt Team?

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  69. Though Malaysia is in principle an Islam nation.
    We can believe God will judge
    and
    MACC may says no case here
    then
    What is next best move after this?

    Can't believe we are haunted or fooled for the past 15 years yet without a truth or something apparent for SAS!

    Mere politics and talks just enough!

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  70. Read all above comments with interest but sad, very sad! Why not those have been named refer to the court in order to clear themselves away. Let the court to work bah our dear shareholders if you want your investment be back to you.

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  71. Anifah Aman and Salleh are the real culprits

    Any SAS shareholder can get the public records by writing in to SAS. They are obliged to give it to you.

    Go ahead and take a look at the trading records. Print it.

    Its all right there!

    Let everybody know!


    -Spirit of Borneo

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  72. Musa Aman, Anifah Aman and Salleh are the real culprits. Musa Aman is a close friend of Repco Lau.

    Any SAS shareholder can get the public records by writing in to SAS. They are obliged to give it to you.

    Go ahead and take a look at the trading records. Print it.

    Its all right there!

    Let everybody know!


    -Spirit of Borneo

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  73. Change the government and appoint RCI to settle this case once and for all. Lets the culprits be charged and put behind bar.

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