Tuesday, 22 May 2018

Graft-busting journalist returns to new Malaysia

Clare Rewcastle Brown was harassed and vilified for years for waging a quixotic campaign to expose Malaysian corruption that helped topple the country's long-ruling regime.

 (Updated: )

The British investigative journalist is now back in the country of her birth after being blacklisted for years, and being treated as a celebrity in a sign of the whirlwind changes since historic May 9 elections.

No one is more stunned than Rewcastle, who said she expects to see further startling revelations of corruption and misrule emerge as a reformist administration cleans house.
"There is so much that's going to come tumbling out now," she said during an interview in Kuala Lumpur.

"Everyone is gob-smacked as they see these things happening. There are going to be more amazing scenes to come."

Rewcastle, now 58, has been a thorn in the side of Malaysia's ruling elite for years, working from abroad to expose larceny and misrule centering mostly on the rainforested state of Sarawak where she was born and spent her early years.

But her biggest bombshell may have been the 2015 revelation by her website Sarawak Report that nearly US$700 million was funnelled into the bank account of ex-premier Najib Razak.

That helped super-charge allegations that Najib and his entourage plundered billions from sovereign wealth fund 1MDB, in a scandal that led to his electoral defeat, ending six decades under an increasingly corrupt government.

He is now under investigation and expected to be charged.

1MDB scandal

(AFP/Laurence CHU, John SAEKI)

SMEAR CAMPAIGN

Rewcastle's work over the years triggered Malaysian arrest warrants, lawsuits, threats, and a sustained campaign of online vilification that she suspects was orchestrated by Najib's government using western PR firms.

The sister-in-law of former British prime minister Gordon Brown, Rewcastle was still recently being approached by shadowy characters offering pay-offs if she'd publish juicy "revelations" for them - ham-fisted attempts to entrap and discredit her, she says.

"Millions have gone into trying to destroy my reputation, which could have been spent on something useful," she said. "But all they did was help make me famous, the stupid idiots."

Never welcome, and officially barred from Malaysia in 2015, Rewcastle has gone almost overnight from persona non grata to welcome guest.

She met AFP following an interview with a state-aligned newspaper that formerly maligned her but gave her glowing front-page treatment on Monday.

She was halted repeatedly by ordinary Malaysians who recognised her distinctive ginger locks, stopping to thank her and snap selfies.

Many more have praised Rewcastle on social media after learning of her arrival. "It's extremely gratifying," she said.

Few foreigners were as feared by Malaysia's government.

Born in Sarawak when it was a British crown colony, she spent several years there, often following her mother - a midwife for indigenous people - on jungle jaunts to remote clinics.

She later worked for the BBC and others in London in investigative journalism before devoting herself to publicising Sarawak corruption, deforestation, and eviction of native peoples from traditional lands.

"I did this partly because I was mad, and partly because I thought there was a slim chance something could be done," she said of the state, which environmentalists believe has lost nearly all of its original rainforest.

In 2010, she started Sarawak Report and short-wave broadcaster Radio Free Sarawak - operated in secret from London, and later Bali, Brunei and Sarawak itself.

Rewcastle drew on a network of contacts in Malaysia to repeatedly expose Sarawak corruption. Najib's regime eventually blocked the website - a move the new government has reversed - and radio signals were jammed.

WINDING DOWN

With Malaysia on a reform path, Rewcastle expects to wind down her anti-graft work, which she said has been a "hand-to-mouth" operation reliant on family funds and the odd donation from supporters.

But she pledged to "do my darnedest" to continuing advocating for Sarawak.

That includes pushing for investigations into its former chief minister, Abdul Taib Mahmud.
The retired 82-year-old, who was loosely aligned with Najib's regime, is accused by indigenous activists of ruling Sarawak like a family fiefdom for 33 years, plundering its timber and building ecologically harmful dams.

Sarawak Report, along with the Bruno Manser Fund, a Swiss NGO, has documented huge investments around the world by Taib's circle.

"Taib needs to be taken by the ankles and shook, so the money falls out," Rewcastle said.
"There's still a lot to be done. But we're in a terrific position now to really campaign for what this was originally about."

Desmond Lim, Pavilion and Najib


ZEPAN LATEST EXPOSE'!

BIRKIN HANDBAGS, CONDOMINIUM UNIT AND ESCAPE ROUTE PLANNED BY FORMER PM ALL HAVE ONE WEALTHY LOCAL TYCOON COUPLE IN-COMMON. 



As things began to heat-up and unravel for the past week after former Prime Minister Najib Razak and wife tried to make a run on the morning of the 12th of May after this page: "Curi-Curi Wang Malaysia" ( CCWM ) managed to leak the information to the public which later was picked-up by the mainstream press, as well as with the help of many brave fellow Malaysians whom stood their ground that morning at Subang Skypark to ensure the former Malaysian Official Number 1 did not get away so easily; we began to see things unravel as the days passed by.

Many, including myself in-fact presumed that former Premier Najib Razak and wife's plan to escape to Jakarta was mainly because of an old friend of his whom Rafizi Ramli had once revealed maybe related to Eagle Plantations in Indonesia by which FELDA had some prior dealings with. This may or may not be true unless investigated upon thoroughly.

But as days began to pass by, the Malaysian Public was appalled to see the manner of extravagance and opulence the former Prime Minister's wife and children lived in, which was revealed from the very amount of cash, jewellery, luxury watches as well as expensive designer handbags which had been confiscated by our Royal Malaysian Police during their recent raids on apartments connected to the former Kleptocratic Prime Minister. 



As things began to unfold, Federal Commercial Crimes Investigation Department ( CCID ) Director Commissioner: Datuk Seri Amar Singh Ishar Singh had been questioned by members of the press whom were present during the raids at Pavillion Residences in Kuala Lumpur: "Who does the Condo Unit belong to?" The vague answer given was merely "a TAN SRI"

But as more than two hundred plus Orange Boxes by which each had been photographed, catalogued and bagged; began to roll-out and loaded on to the Police Tricks, one name began to be well apparent on these boxes of expensive "Hermes Birkin" handbags. The label:

"FR PUAN SRI CINDY"

Upon a simple check and glance in-relation to the clue that was given by CCID Director Commissioner about the apartment unit belonging to a certain "TAN SRI", when a check into PAVILLION REAL ESTATE INVESTMENT TRUST ( REIT ) Reveals the name of two of it's biggest shareholders, which happened to be husband and wife:

Tan Sri Desmond Lim Siew Choon &
Puan Seri Cindy Tan Kewi Yong

By which both Pavillion Residence Kuala Lumpur as well the Pavillion Shopping Center which many people know, is one of former First lady: Rosmah Mansor's favourite shopping destination here in Malaysia. 



One would have believed that the tie ends simply there with a raided Condo residence filled with enough cash for a small bank's operation and the world's most expensive handbags, until closer inspection revealed that the very Airport Terminal in Subang Jaya by which the Private Jet chartered from Indonesia's "PremiAir" based in Jakarta, was originally scheduled to land, in-fact belongs to the very company by which Tan Sri Desmond Lim is one of the biggest shareholders at: WCT Holdings Berhad by which Tan Sri Desmond owns 19.57% shares in the company.

It was in February this year Tan Sri Desmond had made a bid to acquire 60% of SUBANG SKYPARK TERMINAL's remaining Lease Management Agreement which previously was held by Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Syed Marikiah, by which in February was only awaiting for Government approval. This purchase was in-fact finalised only in April last month for the amount of RM44.56Million.

But, come to think about it, what should be so hard to approve when your wife is close to the Prime Minister's wife, while the Managing Director for Malaysia Airports Holdings Berhad ( MAHB ): Datuk Badlisham Ghazali, is also the COUSIN of Datuk Seri Hishammuddin Hussein Onn whom is also none other than the former Prime Minister: Najib Razak's own cousin too.

Tan Sri Desmond Lim also owns a 37.2% shares in Pavilion REITS, thus tying the very Airport Terminal by which Najib Razak and Rosmah had planned to escape from, as well as the Condominium Unit which Police had recently raided, as well as many of the boxes of Luxury handbags, are tied close together to this one particular wealthy couple.

The relation between Tan Sri Desmond's company WCT Holdings with 1MDB seems to go back quite sometime when on the 17th of April 2013; it was reported that WCT was the very first and earliest companies to be awarded a contract worth RM196 Million for earthworks and civil engineering by 1MDB Real Estate Sdn Bhd.

.......to continue
22/05/2018 01:13
ZEPAN In October 2015, WCT had also managed to acquire land valued at around RM233Million within the Bandar Malaysia/Tun Razak Exchange which was for Residential Property development. This deal or acquisition was not done through any exchange of cash by any means, but a bit similar to the Penang Tunnel development deal, this land acquisition deal was done through a trade by which WCT holdings pays for the acquisition by doing contract works worth RM754 Million.

In 2016 it was reported that Tan Sri Desmond had gain more significant influence and power when he replaced WCT's former Executive Chairman Datuk Captain Ahmad Sufian, whereas the former Managing Director: Peter Taing Kim Hwa and the company's co-founder Wong Sewe Wing had both resigned and divested their entire block of 245.72million shares of WCT, which is equivalent to 19.67% of the company, to Dominion Nexus Sdn. Bhd by which Tan Sri Desmond himself is a substantial shareholder.

In relation to 1MDB's "Bandar Malaysia" project, in December 2015, WCT was amongst the 3 local companies to bid for the development of this 486 acre ( 196ha ) of land situated at the sight of the old Sungai Besi Airforce. Amongst the other two companies bidding for this project included Permodalan Nasional Berhad ( PNB ) as well as Iskandar Waterfront City Bhd ( IWC ) which was partnered with China Railway Engineering Corporation ( CREC ) to form IWH CREC Sdn Bhd ( ICSB ). Iskandar Waterfront City Holdings ( IWC ) has about 47.16% of it's shares held by Kumpulan Prasarana Rakyat Johor Sdn. Bhd ( KPRJ ) which is owned by the Johor State Government.

In this particular bid, IWH & CRECC had put up a bid valued at around RM13BILLION for the development of the 'Bandar Malaysia' land project; and although Tan Sri Desmond whom in a consortium with a Qatari based firm came in very late after the bidding was closed, the Government stated that it would consider Tan Sri Desmond's offer as they had put up a bid valued at around RM15BILLION which was RM2Billion more than what IWH had offered.

This whole plan involving the development of 'Bandar Malaysia'; the Government then under the former BN/Najib regime had admitted was part of the Government's plans to reduce the debts which had been accumulated by 1MDB.

But the strangest chapter in this 'Bandar Malaysia' development deal came when suddenly Tun Razak Exchange City ( TRX City Sdn Bhd ) had suddenly announced that its Share Sale Agreement ( SSA ) entered into with IWH and CREC on the 31st of December 2015, which was for the sale of 60% of issued and paid-up capital in Bandar Malaysia Sdn Bhd, had lapsed, claiming that IWH and CREC did not comply while IWH had stated otherwise.

It was noted that Tan Sri Desmond's interest in the whole 'Bandar Malaysia' project was a completely commercial one as it is strategically located not far from the heart of Kuala Lumpur and would be a great addition to their PAVILLION landmarks.

Now with many of those whom were involved with 1MDB including Tan Sri Irwan Serigar, have been blacklisted from leaving the country, perhaps the apartment that was raided at PAVILION RESIDENCE as well as many of the HERMES BIRKIN handbags that were given as gifts to Rosmah Mansor by Puan Sri Cindy, may perhaps provide some INSIGHT a bit as to how and WHY the Share Sale Agreement ( SSA ) with IWC & CREC could so suddenly just fall-apart??? And maybe, PERHAPS it could give an answer to the question: WHO HELPED BOOK the Private Jet chartered for Najib Razak & Rosmah Mansor's on the 11th of May recently for their great 'holiday' escape at SUBANG SKYPARK???

Sincerely,
Admin
WIWC Wan Imran Wan Chik
22/05/2018 01:15

https://klse.i3investor.com/servlets/stk/6181.jsp

Monday, 21 May 2018

China's "Debt-trap" Diplomacy

May 21, 2018 -- China is funding dual-use infrastructure projects from the Pacific to the Horn of Africa, fuelling “debt traps” that will give Beijing leverage to gain strategic and military power.

05/21/2018
Graphic News

It is all part of Beijing’s “Belt and Road” initiative -- also known as “One Belt, One Road” (OBOR) -- a US$8 trillion plan to create a new Silk Road with sea and land links across Asia and Africa to Europe. OBOR will encompass some 64 nations and an estimated 7,000 infrastructure projects. And this real estate will need to be defended.

Projects costing around $900 billion are currently underway or in the planning stage, paid for with billion-dollar loans from Beijing. Loans that cannot be serviced leave governments in the debt trap. China is leveraging economic debt for strategic advantage, tilting the balance of power from the U.S and its allies towards Asia, according to a report by Harvard Kennedy School scholars for the U.S. State Department.

Co-authors, Sam Parker and Gabrielle Chefitz, point out that Beijing has used infrastructure incentives in the contested South China Sea to help break opposition to Beijing’s territorial ambitions. Now, Sri Lanka, Djibouti, Pakistan and Vanuatu are deemed to be vulnerable.

In 2017, struggling to pay its $8bn debt to Chinese state-controlled companies, Sri Lanka leased its strategic port of Hambantota to China for 99 years, raising fears it could become a military base.

In Djibouti, where the U.S., France and China already have military bases, Beijing’s state-owned enterprises have taken over Doraleh Container Terminal in exchange for debt.

Pakistan, where China is constructing major port facilities at Gwadar, is adding $62bn of Chinese loans on top of external debt standing at $82bn

Vanuatu, just 2,000 kilometres (1,240 miles) off Australia’s coast, has taken at least $270 million in Chinese loans in the past decade. Fairfax Media reported in April that China had held discussions with Vanuatu about building a People’s Liberation Army naval base -- a charge vehemently denied by Beijing.

In an interview with the Australian Financial Review, Parker said, “China is giving hundreds of billions to countries that can not afford to repay it, and it’s going to want something in return for that money. ”


https://www.graphicnews.com/pages/en/37978/MILITARY-Chinas-debt-trap-diplomacy/