Tuesday , 30 June 2015

Malaysian leader’s son to receive another USD 320 million in state contracts

Notice: Undefined index: tie_hide_meta in /var/www/html/world-wire.com/wp-content/themes/sahifa/framework/parts/meta-post.php on line 3

Sarawak Chief Minister Taib Mahmud’s son expected to grab 80 per cent of state’s rural electrification scheme (RES) contracts
KUCHING, Malaysia, June 14, 2013 –/WORLD-WIRE/– Sarawak Cable, a company linked to Mahmud Abu Bekir Taib (“Bekir”), the son of Sarawak Chief Minister Taib Mahmud, is expected to receive state contracts worth over 1 billion Malaysian Ringgit (USD 320 million) by the end of this year.
According to Malaysian investment research firm AmResearch, Sarawak Cable is highly likely to receive 80 per cent of the contracts for the Malaysian state’s rural electrification scheme (RES).

The expected contracts will be granted by the state-owned power supplier, Sarawak Energy, and include a lucrative 500kV power transmission line. Last week, Sarawak Cable secured a MYR 32.9 million contract from Sarawak Energy for the proposed Tudan-Miri Airport 132 kV transmission line.
Sarawak Cable is chaired by the Chief Minister’s son, Bekir, who is also the company’s largest shareholder (20.7%). Another 18.8% of shares are controlled by the State Financial Secretary of Sarawak.
Between 2009 and 2012, Sarawak Energy granted contracts worth over USD 220 million to companies linked to the Sarawak Chief Minister’s family.

When confronted with these abuses, Sarawak Energy’s Norwegian CEO, Torstein Dale Sjøtveit, said, “I have never been corrupt or involved in corrupt practices; not before I came to Sarawak, not while I have been in Sarawak, and I will not be in the future.”
With an estimated net value of USD 20 billion, the Taib family is one of Asia’s richest and most corrupt political clans. The family’s assets include stakes in over 400 companies worldwide and properties in Australia, Canada, the United States and the United Kingdom.
Sources used for this release:




Sarawak Cable Bhd. Annual Report 2012.
Please contact us for further information:
Bruno Manser Fund
Socinstrasse 37, 4051 Basel/Switzerland
Tel. +41 61 261 94 74
www.bmf.ch www.stop-corruption-dams.org

Check Also


Tennis Star Roger Federer Urged to Help Stop Credit Suisse From Funding Deforestation in Indonesia

Sumatra rainforest communities send a cry for help ahead of crucial meeting with Swiss bankers ...

Full page photo

New Rock Ballad Gives Mother Earth a Voice

  Vyškov, Czech Republic, February 25, 2015 –/WORLD-WIRE FEATURE/– Darek Forejtar of the Czech Republic ...

Full page photo

Ducks Unlimited Launches Online Film Series

Memphis, Tennessee, February 25, 2015 –/WORLD-WIRE FEATURES/– A new online film series from Ducks Unlimited ...


Land Trust Organizations Mark Milestone Achievement

301 Land Trusts Now Hold National Mark of Distinction Saratoga Springs, NY, February. 25, 2015 ...


Eiffel Tower Installs UGE Renewable Energy System as Part of Monumental Retrofit

Two UGE Wind Turbines Now Producing Energy On-Site at the Paris Landmark NEW YORK, NY, ...


NOAA tests unmanned systems for research and management in National Marine Sanctuary System

HONOLULU, HI February 25, 2015 –/WORLD-WIRE/– NOAA’s Office of National Marine Sanctuaries has successfully tested ...


Keys Commercial Fishermen to Celebrate Opening of Florida’s First Community Seafood Market (CSM) on February 14, 2015 in Key West

Invitations are going out to join local Dock to Dish® fishermen and the Florida Keys ...


Teens Making a Difference: San Diego Zoo Safari Park Conservation Corps Members Restore Native Habitat at Lake Hodges

FOR IMMEDIATE RELEASE VIDEO NEWS RELEASE Teens Making a Difference: San Diego Zoo Safari Park ...

Fish Lake

Wilderness Committee Appears in Court to Answer Taseko’s Defamation Charge

Courthouse gathering to show support for the right to comment without fear of prosecution VANCOUVER, ...

konning 120

Dutch Technology Reclaims Humic Acid at Drinking Water Plants

Circular Economy innovation by Dutch water supply company Vitens helps Royal HaskoningDHV obtain value from ...