Chin said the SAS management had a duty and obligation to explain truthfully to all SAS unit holders the real reasons as to how the RM400 million loss was incurred and to make public all transaction records so that the masterminds behind this huge loss could be uncovered and charged in court.
He said the state government must fully investigate the case, publish a White Paper and apprehend the real culprits irrespective of whether they are senior government officers, politicians or their cronies.
"Dr Yee, having been a minister for 10 years, knows the truth of the SAS fiasco," he said.
He added that it is cruel and hypocritical for Dr. Yee’s uncle Yong Pek Fong to accuse an innocent person like Datuk Yong Teck Lee whilst Yee turns a deaf ear to the repeated demands of all SAS unit holders to investigate and publish the truth.
Chong Kah Kiat said Yong should be the one who should explain to the people the decrease in the value of the SAS shares as he (Chong) was not the Chief Minister at the material time (1996-1997).
ReplyDeleteIsu ini sudah lebih dari sepuluh tahun, tuntutan ini adalah membazir masa. Seharus ini dibuat pada masa tersebut.
Deletethe value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteThe State Assembly rejected a motion to present a White Paper on the Saham Amanah Sabah (SAS) after Barisan Nasional members unanimously rejected it. BN Assembly members viewed the motion tabled by Likas Assemblyman Datuk Liew Teck Chan of Sabah Progressive Party as serving only the interest of party president Datuk Yong Teck Lee.
the value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteHe argued that a White Paper by definition was a document produced by the government that allowed an examination to be made and feedback to be gathered to enable certain proposals or programmes to be improved and implemented effectively.
the value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteIf there is going to be a White Paper, it should not be about looking into the past. It must be about looking into the future of Saham Amanah Sabah. We are here to put the interest of the people first, not the interest of a former Chief Minister. As such I request that the motion be rejected, he said.
Benar, yang sudah rugi, tiada apa boleh dibuat lagi, tetapi mengharapkan yang terbaik di masa akan datang.
Deletethe value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteRaymond added that an elected representative did not have the right to ask for a White Paper to be tabled at the State Assembly as the regulation stated that only the Speaker of the House and a government Minister could make such a request, if they felt it was necessary.
the value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteHe also said the White Paper, even if it were to be produced, would not serve as a political salvation for the SAPP president who had been under pressure after BN leaders demanded that he should explain the ridiculous and unacceptable huge losses.
the value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteThe SAS issue resurfaced as a hot topic recently after Human Resource and Information Technology Minister Datuk Dr Yee Moh Chai asked Yong to come clean on the issue. The two leaders had exchanged barbs through media over the issue.
the value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteDr Yee said Yong was the best person to explain the issue to the people once and for all while Yong said it should be Dr Yee who should be doing the explaining.
YTL harus memberi penjelasan agar rakyat jelas apa yang berlaku atas kerugiannya.
Deletethe value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteDr Yee who joined his colleague in voting against the motion, said the request for a White Paper was just an attempt to stall time and twist the issue – a desperate effort of SAPP.
the value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteTo the political opportunists who are good at abusing the system of this Dewan through time-wasting gimmick for cheap personal political mileage, let there be no mistakes that this Dewan will demonstrate to you a resounding disapproval to such a type of irresponsible and unacceptable conduct shortly, he said when debating the motion.
the value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteDr Yee also questioned why Yong, through SAPP, only insisted on having a White Paper now when he, as the then Chief Minister, could have ordered for such document to be produced if he was sincere about looking into the SAS issue.
the value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteThe share value of SAS, he added, continued to tumble to its lowest point in 1997 during the second year of Yong's reign but there was no apology from the latter to the SAS investors until today.
YTl tidak mengaku kesilapannya.
Deletethe value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteInstead, all we got from Datuk Yong was his very arrogant statements relating to the performance of SAS during his tenure as Chief Minister, he said. Dr Yee also refuted Yong’s statement published on Monday that defended the shares deal with Warisan Harta and Suniwang Holding in 1997/98.
the value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteYong had said that the government, through Warisan Harta, could utilise the RM50 million fund to support counters in which the company and the people of Sabah has invested in. Yong also said the move would bring positive results for SAS.
the value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteThe result of this deal was a disastrous loss of RM114 million, Dr Yee said, adding that Saham Amanah Berhad which managed the SAS had confirmed with him that they have never received anything from the RM50 million in question.
the value of SAS went up as high as RM1.47 per share in 1995, but it began to fall in 1996 when Yong took over as Chief Minister
ReplyDeleteDAP's Jimmy Wong who also debated on the motion said regardless of whether there would be a White Paper or not, the focus should now be on assisting those who suffered losses following the sharp drop in SAS share prices.
secara umum rakyat Sabah tahu Ketua Menteri Sabah pada Disember 1997 ialah Yong Teck Lee.
ReplyDeletePRESIDENT of Sabah Progressive Party (SAPP) 'Taiko' Yong Teck Lee’s romancing of the Barisan National may end his love affair with the Sabah opposition front soon.
ReplyDeleteBut this new love story bring up the moot question as to why he is so desperate when the Barisan National has hardly given any indication to warmly accommodate him under its fold.
ReplyDeleteYong Teck Lee yg mengarahkan BOD Amanah Saham Sabah (SAS) membeli saham-saham NBT dan Sugarbun, sehingga SAS mengalami kerugian teruk dan sehingga hari ini nilainya merosot dengan teruk dan ramai pelabur rakyat tempatan Sabah mengalami kerugian.
ReplyDeleteKerajaan Negeri telah mengumumkan satu skim yang melibatkan pelaburan daripada Kerajaan Negeri Sabah berjumlah RM200 juta bagi tujuan meningkatkan nilai aset bersih Saham Ama-nah Sabah (SAS).
ReplyDeleteSiapa YONG TECK LEE? Orang Sabah semua kenal siapa YONG TECK Lee. Dialah yang mempengaruhi Pairin keluar BN diambang pengundian pada pilihanraya umum tahun 1990.
ReplyDeleteYong Teck Lee pula lah yang menikam Pairin tahun 1994 dan menubuhkan SAPP. Yong Teck Lee pula lah yang menikam BN-Sabah tahun 2008.
ReplyDeleteKini Yong bertanding di Batu Sapi konon berjuang untuk orang Sabah. Sebenarnya Yong berjuang untuk dirinya sendiri. Yong adalah individu yang mengejar peluang, di mana ada peluang untuk dirinya, maka Yong berada di situ.
ReplyDeleteSelepas sahaja PRU-12, apabila Yong melihat bahawa BN kehilangan majoriti 2/3 di dewan rakyat dan gerakan Anwar yang dinamakan Gerakan 16 September, yang kononnya tarikh merampas Putrajaya daripada BN, maka Yong menikam BN.
ReplyDeleteSemua tuduhan jatuh ke atas YTL.
DeleteMelalui Gerakan 16 September Anwar itu, Yong dijanjikan jawatan Timbalan Perdana Menteri 2 bagi mewakili Sabah dan Sarawak.
ReplyDeleteRakyat Sabah mungkin tidak pernah dan akan melupakan peranan yang beliau mainkan dalam kes rasuah dari tahun 1996 hingga 1998. Rakyat Sabah juga mungkin tidak lupa peranan Yong terhadap Saham Amanah Sabah (SAS) semasa dia menjadi Ketua Menteri Sabah.
ReplyDeletePada 1996, Yong (ketika itu Ketua Menteri Sabah) mengarahkan pembayaran RM5 juta hasil keuntungan jualan saham syarikat milik kerajaan negeri, Sapi Plantation milik Lembaga Kemajuan Tanah Negeri Sabah (SLDB).
ReplyDeleteIni didedahkan oleh Pengarah Briskmark Enterprise Sdn Bhd, Datuk Wasli Mohd Said, yang ketika itu merupakan Pengurus Besar Lembaga Kemajuan Tanah Negeri Sabah (SLDB). Beliau berjumpa Yong TL di pejabatnya untuk memberikan taklimat mengenai cadangan pengambilalihan pengurusan 40 peratus saham Sapi Plantation bernilai RM16.8 juta.
ReplyDeletePendedahan dibuat Wasli ketika dihadapkan di Mahkamah Sesyen Kota Kinabalu 12 Februari 2004 untuk menghadapi 5 pertuduhan rasuah melibatkan RM1 juta dan pemberian saham 3.36 juta unit saham milik SLDB.
ReplyDeleteBriskmark ditubuhkan untuk dijadikan wadah bagi dana politik Yong Teck Lee.
ReplyDeleteMenjelang PRU 1999, Yong menerima sejumlah wang lagi daripada Wasli. Wasli turut diarahkan memberi hadiah berupa wang tunai RM500,000 kepada lapan ahli lembaga pengarah Bismark, selain Yong, beliau membayar wang tunai RM500,000 kepada setiap daripada lapan anggota lembaga Briskmark sebagai derma kepada mereka. Mereka ialah Datuk Salleh Otik, Datuk Ismail Jook, Abdul Kader Pateh, Laimun Laikim, Michael Emban, Talib Aning, John Liaw dan Catherine Yong(Adik kepada Yong Teck Lee).
ReplyDeleteKetika menjadi ketua Menteri Sabah, beliau ada kaitan dengan sebuah syarikat iaitu Warisan Harta Sabah (WHS) rugi RM114 juta, berikutan keputusan Yong (ketika itu Pengerusi WHS) mengarahkan ‘share swap’ pemilikan saham WHS dalam MISC sebuah syarikat yang dianggap memiliki saham ‘blue chips’ dengan saham North Borneo Trading (NBT) dan Sugarbun Corporation Berhad, dimiliki dua usahawan dari Sarawak yang merupakan saham spekulatif.
ReplyDeleteBerikutan itu bukan sahaja Warisan Harta rugi dalam tahun kewangannya sebanyak RM114 juta kerana kejatuhan harga kedua-dua saham tetapi juga kehilangan dividen daripada MISC.
ReplyDeleteYong juga mengarahkan BOD Amanah Saham Sabah (SAS) membeli saham-saham NBT dan Sugarbun, sehingga SAS mengalami kerugian teruk dan sehingga hari ini nilainya merosot dengan teruk dan ramai pelabur rakyat tempatan Sabah mengalami kerugian.
ReplyDeletesiapa yang tidak kenal dengan YTL, kini tiada yang percaya dengan dia.
DeleteLebih 55 ribu pelabur Sabah, yang kebanyakannya terdiri daripada pesara dan yang berpendapatan rendah kehilangan pelaburan mereka (pada 1996) akibat kejatuhan saham SAS daripada RM1 seunit kepada 17 sen seunit ketika itu.
ReplyDeleteYTL harus bertanggungjwab kerana dia CM pada masa itu dan tidak patut menyalahkan orang lain pula.
DeleteYTL masa jadi CM tak juga buat apa-apa.Bila dah takda kuasa barulah sibuk nak keluarkan suaranya.
DeleteSelama tempoh dua tahun Yong menjadi KM Sabah, banyak dasar-dasarnya tidak popular termasuk memperkenalkan Forest Management Unit (FMU) yang mengasingkan 2 juta hektar kawasan balak negeri Sabah kepada kurang daripada 20 syarikat untuk tempuh 100 tahun.
ReplyDeleteSemasa menjadi Ketua Menteri terlalu banyak hak-hak rakyat dikatakan telah dinafikan oleh beliau dan antaranya adalah :geran-geran tanah untuk kampung-kampung tradisional Melayu seperti kawasan Inanam, Gudon,Tebobon,Karambunai dan Menggatal tidak diluluskan bagi tujuan pemilikan kerajaan negeri (untuk keuntungan peribadi).Tiada kontrak untuk kontraktor bumiputra.Tiada peluang pekerjaan untuk anak-anak Bumiputra.
ReplyDeleteHak rakyat lain yang dikatakan diambil oleh Yong ialah 1 juta ekar konsesi balak untuk tempoh 100 tahun bernilai lebih RM20 Billion dari Tenom hingga ke Kalabakan,Tanah persisiran laut di Teluk Likas bernilai lebih RM500 juta,Tanah persisiran laut di Tanjung Aru bernilai lebih RM500 juta.,Tanah-tanah Lembaga Kemajuan Tanah Sabah (SLDB) bernilai lebih RM2 billion diambil melalui Sawit Kinabalu Sdn Bhd.
ReplyDeleteWang saham rakyat dalam Koperasi Pembangunan Desa (KPD) bernilai RM60 juta diambil melalui Benta Holdings,Duit rakyat diperbendaharaan negeri berjumlah RM36 juta setahun melalui Angkatan Hebat Sdn Bhd (kontrak sewa kereta kepada semua agensi kerajaan, Merobohkan rumah-rumah kerajaan di Tanjung Aru untuk pembinaan resort oleh sebuah syarikat kroni tetapi sehingga kini tanah tersebut terbiar kerana tanah berkenaan tidak mempunyai geran.
ReplyDeleteYong juga dipercayai mempunyai perwatakan pemimpin yang tidak boleh dipercayai malah disifatkan antara pemimpin yang mendokong sifat opurtinis dengan mengambil kesempatan atas hubungan baiknya dengan Datuk Joseph Pairin Kitingan hingga membolehkan beliau diberi kepercayaan memegang jawatan Timbalan Presiden PBS pada 30 September 1989. Pada 19 Julai 1990, Yong dilantik oleh Ketua Menteri (Pairin), sebagai Timbalan Ketua Menteri merangkap Menteri Pembangunan Industri sehingga 19 Januari 1994.
ReplyDeleteRentetan krisis dalaman PBS pada waktu itu mendorong Yongo keluar PBS bertindak pantas menubuhkan sebuah parti baru iaitu SAPP pada 19 Januari 1994 dengan membuka keahlian kepada semua kaum, sama seperti PBS. Yng menjadikan 'hilang kepercayaan' sebagai alasan meninggalkan Presiden Parti Bersatu Sabah (PBS), Datuk Seri Joseph Kitingan, yang bertanggungjawab membawanya masuk dalam politik Bahkan, Yong sendiri mengepalai kumpulan mengkhianati Pairin.
ReplyDeleteYong dipercayai mempunyai hubungan yang rapat dengan Anwar Ibrahim dan banyak menerima dana melalui kapasiti Anwar sebagai Menteri Kewangan.
ReplyDeletePada 18 Jun 2008, Teck Lee yang menjadi Presiden SAPP mengatakan mereka hilang kepercayaan terhadap kepimpinan Datuk Seri Abdullah Ahmad Badawi dan bersedia untuk menyokong sebarang undi tidak percaya terhadap Perdana Menteri. Kemudian Yong umum SAPP keluar BN pada 17 September 2008 walaupun gerakan 16 September Anwar gagal.
ReplyDeleteSebaliknya, pengumuman Yong itu bercanggah dengan pendiriannya sebelum PRU 2008 apabila beliau dilaporkan memuji dan menyatakan sokongan padu kepada kepemimpinan Abdullah Ahmad Badawi.
ReplyDeleteDatuk Seri Musa Haji Aman yang mengumumkan skim itu berkata, dengan pelaburan RM200 juta itu, ianya menjadikan kerajaan negeri mempunyai ekuiti pegangan saham dalam SAS berjumlah 800 juta unit saham
ReplyDeleteKerajaan Negeri membeli saham SAS pada harga 25 sen seunit, berbanding pada harga seunit saham SAS pada masa ini harga 17 sen unit
ReplyDeleteharap dengan pembelian saham daripada kerajaan negeri itu, nilai saham SAS akan meningkat..
ReplyDeletedengan adanya pelaburan-pelaburan yang dilakukan oleh pihak pengurusan SAS akan mendapat keuntungan berlebihan dan dapat meningkatkan nilai aset bersih kepada SAS.
ReplyDeleteskim itu telah lama ditunggu-tunggu dan kini tiba masanya untuk Kerajaan Negeri menepati janjinya untuk membantu pelabur SAS.
ReplyDeleteetelah mengenal pasti masalah kecairan yang dihadapi oleh SAS, Kerajaan Negeri telah mengadakan beberapa sesi perbincangan yang diketuai oleh Setiausaha Tetap Kementerian Kewangan Negeri (Datuk Yusoff Mohd Kassim) bersama dengan pengurusan Saham Sabah Berhad dan Pengurus Pelaburan Luarannya.
ReplyDeleteskim ini adalah pilihan yang bijak untuk Kerajaan Negeri membantu dalam pemulihan Nilai Aset Bersih SAS
ReplyDeleteMusa berkata, dengan pelaksanaan Skim tersebut, SAS akan menerima suntikan tunai baru untuk membolehkannya mempelbagaikan pelaburan terutamanya di pasaran asing yang mana terdapat banyak peluang pelaburan.
ReplyDeleteciri utama skim berkenaan, ialah untuk meningkatkan Nilai Aset Bersih SAS melalui peningkatan modal.
ReplyDeleteAtas sebab itu, Yong Teck Lee menolak tawaran Anwar agar memberi peluang kepada PKR di Batu Sapi untuk satu lawan satu dengan BN. Bukan sahaja menolak tawaran Anwar itu, malah Yong mencabar Anwar berdebat dengannya.
ReplyDeletePENULIS berbincang lama dengan YB-YB Sabah mengenai isu SAPP. Kesimpulan yang perlu dicari ialah siapa tipu siapa? siapa tertipu?
ReplyDeleteSehingga ke saat ini semua MP BN dan ADUN BN tidak lagi mahu bersama-sama SAPP. Mereka sekarang lebih suka duduk sebagai YB Bebas sementara menanti Parti Baru yang akan menyertai semula BN.
ReplyDeleteJelas, Yong Teck Lee telah berundur ke belakang, SAPP telah berkubur, ternyata percaturan dengan Anwar satu kesilapan besar.
ReplyDeleteKatanya, pendapatan yang diperolehi dalam pelaburan SAS akan dilabur kembali ke dalam SAS untuk mempercapatkan proses peningkatan nilainya.
ReplyDeleteRumus di Kota Kinabalu menyebut, keputusan SAPP sebenarnya telah menyelamatkan Yog Teck Lee daripada buruan dan tekanan Anwar.
ReplyDeleteYong Teck Lee masih berhutang dengan Anwar terutama hubungan Ketua Menteri - Menteri Kewangan pertengahan 1990-an dahulu.
ReplyDeleteDengan keputusan Yong Teck Lee mengeluarkan SAPP daripada BN, bermakna Yong Teck Lee Tidak Lagi berhutang dengan Anwar.
ReplyDeleteWalau bagaimanapun katanya, pihak pengurusan akan menimbangkan pengagihan pendapatan jika keadaan mengizinkan
ReplyDeleteAnwar tidak boleh lagi menuntut apa-apa kepada Yong Teck Lee, kerana Yong Teck Lee sudahpun Berkorban Masa Depan politiknya dengan keluar daripada BN.
ReplyDeleteSekarang, Anwar dan PKRnya bukan lagi mengejar Yong Teck Lee, tetapi mengejar MP-MP SAPP yang sekarang MP Bebas.
ReplyDeleteTidak ada siapa mahu mengambil risiko menyertai Pakatan Rakyat yang penuh dengan Ilusi, Fantasi, Pembohongan, Tipu-Helah, Kekasaran dan Tidak Berperaturan .
ReplyDeletePengajarannya, rakyat sudah melihat untuk bergantung harap kepada Individu adalah tidak meguntungkan kepada rakyat, bergantung kepada Individu seperti Yong Teck Lee atau Anwar, hanya membebankan rakyat semata-mata.
ReplyDeleteIndividu tidak akan mampu, perhatikan Sejarah Tun Mustapha, apabila Allahyarham Tun Mustapha sudah kekurangan sumber kewangan parti USNO lama kelamaan Tidak Mampu lagi bergerak. Ini berulang lagi kepada Anwar dan Yong Teck Lee.
ReplyDeleteKerajaan Negeri berasa bangga dapat mengadakan satu lagi skim yang memberi faedah kepada pelabur SAS dan juga Kerajaan Negeri di mana dana tersebut tidak merupakan derma secara terus menerus kepada SAS tetapi merupakan pelaburan.
ReplyDeleteIni bermakna beliau adalah pemimpin yang mementingkan dirinya bukan kepentingan rakyat semata mata.
ReplyDeleteSejarah beliau mengkhianat kawan juga perlu dikira. Adakah orang jenis ini layak diberi kuasa dan menjadi Ahli Parlimen di Sabah ?
ReplyDeleteskim ini adalah perancangan jangka panjang di mana peningkatan Nilai Aset Bersih SAS tertakluk kepada prestasi Bursa Saham tempatan mahupun asing.
ReplyDeletePada pru 2008, YTL tidak mahu bertanding kerana merajuk akibat tidak dapat bertanding di kerusi Parlimen Kota Kinabalu.
ReplyDeleteDia mendesak agar Musa Aman tunduk kepada desakannya, tetapi Musa tidak tunduk kerana kerusi tersebut milik parti komponen BN yang lain.
ReplyDeleteMusa cuba menawarkan kerusi lain kepadanya , tetapi dia menolak kerana dia nak KK juga. Akhirnya dia merajuk dengan tidak mahu bertanding, tapi minta pula jawatan Senator.
ReplyDeleteSelepas pilihanraya, apabila keputusannya menyaksikan BN kalah teruk di semenanjung dan kerusi dari Sabah dan Sarawak yang menjadi penyelamat kepada BN, dia mula tunjuk taring.
ReplyDeleteSebelum p.raya dia minta jawatan Senator sahaja, selepas keluar keputusan dia minta untuk jadi menteri pula. Pak Lah tidak bersetuju dengan perkara tersebut kerana beliau harus beri peluang kepada MP-MP yang lain dari Sabah untuk menjadi menteri.
ReplyDeleteSaya difahamkan dia bertemu dengan Anwar di Hong Kong untuk berbincang mengenai 16 september.
ReplyDeleteDikatakan Anwar berjaya meyakinkannya bahawa dia akan menjadi PM pada tarikh berkenaan dan berjanji akan melantik YTL sebagai TPM ke 2 bagi mewakili Sabah dan Sarawak serta kaum cina Malaysia.
ReplyDeleteAnwar juga meminta dia umumkan agar SAPP keluar dari BN dan dua orang MP nya menjadi bebas bagi tujuan memancing MP-MP lain supaya datang ke PKR atau SAPP secepat mungkin kerana kerajaan BN akan tumbang pada bila-bila masa.
ReplyDeletePrinsip yang dipakai oleh Anwar dan YTL adalah 'siapa cepat dia dapat'.Maksudnya, siapa cepat menyeberang ke PKR atau SAPP sehingga cukup kerusi untuk menubuhkan kerajaan maka MP tersebut akan mendapat habuan dalam kerajaan baru. Sesiapa yang lambat akan ketinggalan dan jadi pengikut sahaja.
ReplyDeleteDi sini kita boleh puji MP-MP BN kerana mempunyai iman yang kuat dan kental semangat perjuangannya.
ReplyDeleteMereka tidak mudah goyah dengan gempak yang dibuat oleh Anwar dan YTL.
ReplyDeletePada masa itu ada ura-ura untuk SAPP kembali kepada BN, tetapi kerana sudah malu , YTL terpaksa memendamkan sahaja hasratnya itu.
ReplyDeleteAnwar menghancurkan impiannya untuk menjadi TPM 2 dan Anwar telah menipunya.
ReplyDeleteBegitu juga dengan marahnya YTL dengan Musa Aman, kerana gagal mendapat kerusi Kota Kinabalu dan kerana Musa gagal melobi Pak Lah agar dia dilantik sebagai menteri.
ReplyDeleteDaripada dia memulakan karier politiknya bersama PBS pada 1985 sehingga kini, dia sentiasa buat onar dan mencari jalan yang menguntungkan peribadinya sahaja.
ReplyDeleteDaripada PBS keluar PBS, tubuh SAPP, masuk BN, keluar BN, bersekongkol dengan Anwar, berkelahi dengan Anwar, nak jadi senator, nak jadi menteri , nak jadi TPM 2
ReplyDeletePendirian politiknya tidak pernah kukuh. Dimana dia nampak ada peluang ke sana dia akan pergi. Orang seperti ini bukannya layak dapat kedudukan pemimpin. Memang patut juga dia ditolak oleh rakyat.
ReplyDeleteFor more than a decade Sabahans have forgotten about Joseph Ambrose Lee Yok Min, 52, who once boasted of himself as the new Syed Kechik of Sabah, after he failed in his scandalous schemes to take over the RM30-billion timber wealth of Yayasan Sabah.
ReplyDeleteThe late Syed Kechik was the de facto Chief Minister of Sabah when he was legal adviser to the late Tun Datu Mustapha bin Datu Harun who ruled the state with an iron-fist from 1967 to 1976.
Ambrose was back in Kota Kinabalu, having made his home in Perth, on August 7 at the Sutera Harbour Resort defending his bosom buddy Yong Teck Lee, who was Sabah Chief Minister from 1996 to 1998, over the fiasco of Saham Amanah Sabah (SAS) arising from a scandalous share-swap between Warisan Harta, the Sabah government’s investment arm, and Ambrose’s Suniwang Holdings Sdn Bhd.
ReplyDeleteMore than 55,000 Sabahans, most of them pensioners and low-income civil servants, lost all their life-savings when the price of the state unit trust plummeted to 17 sen from its RM1.00 unit price soon after he sealed the deal when he became Chief Minister.
At the press conference, Ambrose (that’s what his few friends and many foes call him) made a feeble attempt to defend Yong over the missing RM50 million from the share-swap which Yong has been unable to explain to Sabahans.
ReplyDeleteAmbrose stressed that he paid RM50 million in cash through Innosabah Securities, the stockbroker, to Warisan Sabah in a deal that saw him exchanging his over-priced shares of NBT and Sugar Bun for Warisan’s blue chip MISC shares.
Presiden SAPP Datuk Yong Teck Lee adalah seorang yang semakin terdesak yang sanggup memutar belit fakta semata-mata kerana hendak mendapat sokongan.
ReplyDeletepresiden SAPP itu cuba membangkitkan isu blok minyak “Blok L dan M” milik Brunei pula untuk meraih sokongan.
ReplyDeleteNo one has disputed this. But what has not been answered is that the money received by Warisan was never given to SSB as Yong has said. Yong was the Chief Minister and Warisan Chairman. Yet he has failed to tell Sabahans what happened to the RM50 million which he, as Warisan Chairman, received and which he never gave to SSB.
ReplyDeleteDr Yee Moh Chai, Minister of Resource Development and Information Technology, told the assembly on August 3 that Saham Sabah Berhad (SSB) which manages the SAS has confirmed to him that it has never received the RM50 million out of the share dealings of Warisan Harta.
In 2001, Chief Minister Datuk Chong Kah Kiat said the State Government is not giving up on the Saham Amanah Sabah (SAS) but that any artificial interference on the stocks will not do it good.
ReplyDeleteHowever, Chong said he had full confidence on the capability of State Finance Minister Datuk Musa Aman in turning around the shares back to at least its original standings.
Delete"I cannot bluff you, I cannot bluff the investors and we cannot promise (that the situation would return to normal soon)," he said, adding he believed it may take between two and three years.
DeleteChong said he felt sad for all the investors, including government servants who are facing problems repaying the banks for loans taken to buy the shares. "It was just that the stocks were highly speculative".
DeleteChong was asked to comment on the issue, brought up in the State Assembly which took a weekend break before continuing on Monday, after witnessing the presentation of RM4.734m Federal funds to 84 chinese schools at SM Kian Kok hall.
DeleteAccording to him, SAS was not the only government-owned shares doing badly, especially with the present world economic downturn.
Delete"Whatever you do cannot bring it (the share price) up until the economy has become better…it is going to be difficult unless the world economy recovers," he said.
Delete"Unless of course we jack it up and do something out of the economic norms," he said, adding this however would not be good. The question now is to ensure that the management comprised professionals and to make sure there is no unnecessary interference," he said.
DeleteChong said it was very unfortunate that the counters invested turned out to be sour subsequently because of being highly speculative. "The market was robust but now suddenly boom it plunges. So now we must ensure that the fund has to be fundamentally sound and it cannot be speculative."
DeleteMusa is currently looking at all options to see where it can help in recovering the shares. PBS Api Api Assemblyman Dr Yee Moh Chai had in the State Assembly called on the State Government to disclose the full reasons of the disastrous performance of the shares.
DeleteHe also requested that a salvage plan be implemented to restore the value of SAS to its original issued value of RM1 per share so that the sufferings of all the SAS investors will not be unduly prolonged.
DeleteYee said the government should also ensure no similar pain and suffering would be inflicted onto any potential investors of unit trust if any similar scheme should be launched by the State Government in the future.
DeleteIn 2004, DEPUTY Chief Minister Tan Sri Chong Kah Kiat said the people of Sabah know who is to be held responsible for the massive Saham Amanah Sabah (SAS) losses.
DeleteHe was asked to comment on Sabah Progressive Party (SAPP) President Datuk Yong Teck Lee’s comment that he (Chong) is more knowledgeable about the SAS matter.
Delete“If you really want to know, why not ask the 55,000 investors who took out their savings to invest in SAS, which now is worth only 20 sen per unit (compared to RM1 at the time of investment),” Chong remarked.
DeleteBlok L dan M itu sebenarnya bukan lagi isu kerana ia sudah lama dijelaskan oleh kerajaan
ReplyDeletedi mana Menteri Luar Datuk Seri Anifah Aman pada Jun lepas pernah menjelaskan bahawa berdasarkan tafsiran undang-undang mengikut Konvensyen Pertubuhan Bangsa-Bangsa Bersatu mengenai Undang-Undang Laut (Unclos) 1982, adalah jelas kedua-dua blok itu milik Brunei.
ReplyDeleteAt the assembly, Dr Yee pointed out that it was Yong who linked the disastrous share-swap of blue chip MISC shares belonging to Warisan with shares of NBT and Sugar Bun, which were cornered speculative stocks. The swap resulted in a loss of RM114 million to Warisan.
ReplyDeleteYong had defended the share-swap. As Warisan’s chairman, he was on record to say that “the wider policy in entering into this transaction was that the Government through Warisan Harta could utilise the RM50 million fund.”
Walaupun Brunei merupakan pemilik sah dua blok minyak di luar pantai antara Labuan dan Miri itu, namun Malaysia tetap menerima bahagiannya bagi hasil minyak dan gas di kedua-dua kawasan berkenaan.
ReplyDeleteYong said the RM50 million was to support counters (stocks) on the then Kuala Lumpur Stock Exchange (KLSE,now Bursa) in which Warisan and the people of Sabah had investments. The true outcome, according to Dr Yee, is that as a result of the share-swap deals, Warisan Harta lost RM114 million.
ReplyDeleteAmbrose blamed Warisan for the loss because it refused to accept his offer to pay RM96 million for the difference between its purchase and market price of NBT and Sugar Bun shares which he said fell sharply because of the Asian financial crisis.
Pendekatan kempen oleh Parti Maju Sabah (SAPP) yang mengetengahkan konsep 'Sabah untuk Sabah' atau 'mengembalikan autonomi kepada Sabah', sudah lapuk dan tidak selari dengan aspirasi negara
ReplyDeleteWhat he failed, in Ambrose’s own words, to tell the “entire populace of Sabah” was that he did not have the cash to pay RM96 million. He suggested another share-swap! Thus Warisan sued Suniwang for RM179,825,000. True enough, Suniwang folded. Warisan did not get a sen. If Ambrose had the money, would his flagship Suniwang Holdings Sdn Bhd collapse like a pack of cards?
ReplyDeleteAmbrose blamed Musa Aman, who was then Finance Minister, for rejecting again his proposal in 2007 to settle his debt of RM179,825,000 by transferring shares of Borneo Marble Corporation Sdn Bhd which he owned through proxies.
He said Warisan had entertained his proposal but the Sabah government rejected it. Warisan officials said it was true that they entertained his proposal but it did not accept it because the company was a liability.
ReplyDeleteRecently filings with the Companies Commission of Malaysia have proved this to be so. Borneo Marble was formerly known as Galmore Resources Sdn Bhd and was a fully-owned subsidiary of Suniwang Sdn Bhd which was owned by J Ambrose Sdn Bhd.
As at the end of December 2006, Borneo Marble suffered a pre-tax loss of RM108,793. There are no records of its financial filings from 2007 to 2009.
ReplyDeleteAmbrose boasted that his NBT owned 200,000 acres of timber land under Forest Management Unit which was bought by someone else.
By his own admission, he has a Receiving Order of the court placed on his assets under the control of an official assignee. He has not been adjudicated a bankrupt yet.
ReplyDeleteAny chance of the Sabah government bailing him out now hinges on the remote chance of Yong Teck Lee becoming Sabah’s Chief Minister again. And why shouldn’t he? After all it was Yong’s late father, Yong Yun, who financed Ambrose’s law studies in London.
The people of Sabah knew the truth about SAS has to do with Ambrose Lee and Yong Teck Lee.
ReplyDeleteCall for management for one time again?
ReplyDeleteAdakah ini satu tindakan bijak?
ReplyDeleteFurthermore, this so called loss is another piece of crap that those people try to make.v
ReplyDeleteCalling upon this to call up their counterparts then.
ReplyDeleteSaham Amanah Sabah (SAS) bagged two awards for the “Best 3 Years and 5 Years” returns for the year ending 31 December 2012 in the Equity Malaysia Diversified category at the Edge-Lipper Fund Awards 2013 which was held on 25 February at the Hilton Hotel Kuala Lumpur.
ReplyDeleteThe awards are the first received by SAS since winning in the 2003’s State Unit Trust category.
Saham Sabah Berhad chairman, Daruk Marcus Mojigoh said, “We are honoured to be recognised among our peers in the industry. It is remarkable and certainly gratifying to receive this prestigious Edge-Lipper Fund Awards 2013, but our focus remains on delivering solid and consistent risk-adjusted returns for our clients, first and foremost.”
ReplyDelete“The success of the Fund lies in our collaboration with Hwang Investment Management Berhad, the External Fund Manager for SAS and the unwavering support of the State Government of Sabah under the leadership of Datuk Seri Musa Haji Aman who has solidly backed us towards our steep climb to recovery,” he added.
The Edge Communications Sdn Bhd is co-organiser of the awards ceremony. It publishes Malaysia’s leading business and investment weekly newspaper, The Edge, as well as The Edge Financial Daily, a standalone business daily which complements the weekly edition. It also publishes Personal Money, a premier monthly personal finance magazine.
ReplyDeleteLipper, a renowned global rating agency is a wholly-owned subsidiary of Reuters that provides independent insight on global collective investments including mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media communities.
More to go then.
ReplyDeleteSaham Amanah Sabah (SAS) reported a gross income of RM56,921,310 last year.
ReplyDeleteAnnouncing this yesterday, Saham Sabah Berhad deputy chairman Haji Naim Ahmad said the income was derived from SAS’s investment in the stock market (77.81%), dividend income (16.30%), money market (1.65%) and forex forward contract (4.24%).
He said after deducting manager’s expenses, provision for taxation and the first and second income distribution of RM42,036,662, the distributable income amounted to RM4,860,907.
ReplyDelete“With the positive achievement I am pleased to declare the third interim/final income distribution of 0.4 per cent or 0.4 sen net per unit for 2012,”he said.
ReplyDeleteNaim said the 0.4 per cent income distribution would involve a net realised profit of RM4,845,600 and that the calculation of the interim income distribution was based on 1,211,400,000 units held as at December 31, 2012.
This distribution, he added, represented a yield of 1.28 per cent income return based on the net asset value (NAV) per unit of RM0.3131 as at January 1 last year.
ReplyDeleteWith the declaration of the third/final distribution income of 0.4 sen per unit and the first and second interim income distribution of 1.9 sen and 1.5 sen, respectively, SAS has declared to date a total of 3.8 sen for the financial year ended December 31, 2012 which is an income return of 12.13 per cent for the year.
ReplyDeleteNaim also said the NAV of SAS as at January 1 this year showed an increase of 1.42 sen or 4.24 per cent to RM0.3495 from RM0.3353 as at December 31, 2012 despite the distributable income which was due to the impact of the state government SAS NAV enhancement scheme implemented on September 15 in 2008.
ReplyDeleteKerana Memfitnah, Yong Teck Lee Diarah Bayar RM1 Juta
ReplyDeleteMahkamah Tinggi Kota Kinabalu pagi tadi memerintahkan Presiden Parti Maju Sabah, SAPP, Datuk Yong Teck Lee membayar RM1 juta kepada bekas Ketua Menteri, Tan Sri Harris Salleh.
Ia atas dakwaan memfitnah Tan Sri Harris berhubung nahas pesawat 6 Jun 1976 yang mengorbankan Ketua Menteri Sabah ketika itu, Tun Mohd Fuad Stephens bersama 10 yang lain.
Dalam penghakimannya, Hakim Datuk Abdul Rahman Sebli berkata, Datuk Yong bertindak di luar batasan dengan menyatakan bahawa terdapat darah di tangan Tan Sri Harris walaupun tidak salah untuk beliau meminta agar siasatan semula dilakukan berhubung tragedi itu.
Mahkamah juga mendapati, perkataan jenayah dan pembunuhan yang digunakan Datuk Yong adalah satu fitnah terhadap Tan Sri Harris.
Hakim juga berpendapat, RM1 juta yang dikenakan adalah jumlah yang adil dan wajar setelah mengambil kira semua aspek termasuk perilaku dan hujah defendan yang masih lagi memburukkan keperibadian dan kewibawaan Tan Sri Harris.
Tan Sri Harris memfailkan saman RM50 juta terhadap Datuk Yong sebagai defendan pertama dan SAPP sebagai defendan kedua kerana mendakwa kononnya beliau ada kaitan dengan punca pesawat itu terhempas.
perjuangan pembangkang sebenarnya tidak mempunyai visi yang jelas
ReplyDeletePresiden SAPP Datuk Yong Teck Lee mengakui bahawa adalah tidak mudah untuk mengalahkan BN. Namun, mantan Ketua Menteri Sabah itu menaruh keyakinan akan memberikan tantangan kepada BN bersama-sama dengan parti pembangkang yang lain.
Sebenarnya kenyataan Teck Lee itu mempunyai kebenaran, perjuangan pembangkang sebenarnya tidak mempunyai visi yang jelas, kerana apa yang mereka sering perkatakan sebenarnya telah, sedang dan akan dilaksanakan oleh kerajaan BN.
Pemimpin pembangkang adalah terdiri daripada mereka yang telah kecewa kerana semasa dalam kerajaan dahulu, ketamakan mereka tidak berpanjangan.
Mereka kini, sekali lagi mahu mencuba memperguna semula rakyat untuk mendapatkan kuasa, agar supaya visi peribadi mereka tercapai.
Pemimpin Parti pembangkang di Sabah kebanyakannya adalah para pemimpin kerajaan suatu ketika dahulu, atau mereka-mereka yang pernah menikmati sumbangan daripada kerajaan.
Disebab tujuan peribadi mereka tidak tercapai, maka mereka beralih mendapatkan kerajaan melalui sistem demokrasi dengan mempergunakan rakyat.
Yakinlah melalui sistem maklmut yang semakin canggih yang menyebabkan perkongsian maklumat dengan begitu cepat, maka usaha pembangkang mengalih kerajaan melalui sistem demokrasi tidak akan kesampaian, kerana rakyat telah bijak menilai mana kaca dan mana intan.
Rakyat tahu, bahawa pembangkang bertujuan mendapatkan kuasa kerana kepentingan peribadi bukannya kepentingan rakyat jelata.
Mengapa Pembangkang benci sangat "Janji Ditepati"
ReplyDeleteSeharusnya pembangkang jangan melatah dengan tema Hari Kemerdekaan tahun ini "Janji Ditepati". Jika dihayati, banyak maksud yang baik daripada tema itu.
Kebencian Pembangkang terhadap tema itu, kerana mereka selama ini hanya pandai berjanji, akan tetapi mereka senantiasa mungkir janji.
Janji mereka hanya bersifat retorik, semata-mata untuk merai sokongan politik. Apabila kuasa dimiliki, janji dilupakan.
Berlainan dengan BN, apabila berjanji, maka janji dikotakan dan ditepati, atas sebab itu, pembangkang merasa tersindir, apabila Tema Hari Kemerdekaan tahun ini " “55 Tahun Merdeka Janji Ditepati”
For the year, he said, the NAV has also increased by 3.63 sen or 11.59 per cent, bringing the total return of 23.72 per cent for SAS.
ReplyDeleteThe income distribution in the form of units will be allocated to 53,793 investors comprising 45,974 (85.46%) individual investors, 7,407 (13.77%) investors under the hardcore poor scheme, 364 (0.68%) investors with bank loans and 48 (0.09%) corporate investors.
ReplyDeleteSince its inception 18 years ago, inclusive of the third interim/final income distribution for 2012, SAS has declared 14 distributions involving payments amounting to RM427,521,471 or 73.12 per cent.
ReplyDelete“I would like to invite potential investors and current investors who wish to increase their investments to come forward and invest in SAS as we still have units available for sale,” Naim said.
This comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeletemanagers’ expenses and provision for taxation,” he said at the announcement of the income distribution here yesterday.
ReplyDelete“Its distributable income amounted to RM46.358 million after deducting
ReplyDeleteHe said the income distribution would be paid to 54,000 investors, comprising 46,014 individual investors, 7,407 holders under the Hardcore Poor Scheme, 530 through bank loans and 46 from the corporate sector would be paid through the issue of warrants.
Musa said SAS was ranked number one by Lipper Asia Limited Rating Agency based on its three-year performance, having topped 73 other funds under the Equity Malaysia category.
ReplyDelete“This is by far the best achievement accorded to SAS and Saham Sabah Bhd (SSB) as the manager.
ReplyDelete“I congratulate the SAS management for being on the right track as demonstrated by its continuous improvement in its unit price over the past three years,” he said.
ReplyDeleteHe hoped SAS would continue to practice sound management and make wise decisions for the welfare of the investors.
ReplyDeleteEarlier, Musa also launched SSB’s website, www.sahamsabah.com.my for investors and the public to seek information on the company and SAS.
ReplyDeleteBaguslah, sekurang-kurangnya ia dapat memudahkan para pelabur dan orang awam untuk mendapatkan kepastian:)
DeleteThe solution is what?
ReplyDeleteRM400m explanation?
ReplyDeleteBukan sudah diperjelaskan tuari ka?
ReplyDeleteI hope there is a solution for this.
ReplyDelete:Saham Amanah Sabah (SAS) bagged two awards for the “Best 3 Years and 5 Years” returns for the year ending 31 December 2012 in the Equity Malaysia Diversified category at the Edge-Lipper Fund Awards 2013 which was held on 25 February at the Hilton Hotel Kuala Lumpur.
ReplyDeleteThe awards are the first received by SAS since winning in the 2003’s State Unit Trust category.
ReplyDeleteThe Edge-Lipper Fund Awards highlights funds that have excelled in delivering a consistently strong risk-adjusted performance relative to their peers over 3 and 5 year periods.
ReplyDeleteThe winners were selected based on the Lipper Leader rating for Consistent Returns and Preservation of Capital. SAS beats out 80 other funds in the category.
ReplyDeleteSaham Sabah Berhad chairman, Daruk Marcus Mojigoh said, “We are honoured to be recognised among our peers in the industry. It is remarkable and certainly gratifying to receive this prestigious Edge-Lipper Fund Awards 2013, but our focus remains on delivering solid and consistent risk-adjusted returns for our clients, first and foremost.”
ReplyDelete“The success of the Fund lies in our collaboration with Hwang Investment Management Berhad, the External Fund Manager for SAS and the unwavering support of the State Government of Sabah under the leadership of Datuk Seri Musa Haji Aman who has solidly backed us towards our steep climb to recovery,” he added.
ReplyDeleteThe Edge Communications Sdn Bhd is co-organiser of the awards ceremony. It publishes Malaysia’s leading business and investment weekly newspaper, The Edge, as well as The Edge Financial Daily, a standalone business daily which complements the weekly edition. It also publishes Personal Money, a premier monthly personal finance magazine.
ReplyDeleteLipper, a renowned global rating agency is a wholly-owned subsidiary of Reuters that provides independent insight on global collective investments including mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media communities.
ReplyDeleteSaya google tentang SAS untuk cari lebih banyak maklumat, maklumlah tak pakar ekonomi. hihi.. Tapi terkejut juga bila nampak semua pun yang tak baik. hhmm..
ReplyDeleteTapi kalau asyik tunding jari, akan selesai juga kah hal ini?
ReplyDeleteApapun, saya harap hal ini diperjelas supaya semua pihak faham dan tidak lagi timbul kekeliruan.
ReplyDeletetanya sama yong teck lee lah...dia songlap semua tu...
ReplyDelete