- In Part 1, we showed how they lied about Jalil. SC claimed that LSE legal team confirmed that he is not from LSE, but this is purely silly game by the drunkard Syed Zaid. They sent an email to one department in LSE, FOUR DAYS after the registrar (highest office in LSE) clearly confirmed that he is from LSE, as we have shown in Part 1.
- One glaring mistake that both PNB and SC did was that they only seek clarification from LSE 3 DAYS AFTER they sacked Jalil. Jalil should sue them. That perpetual drinker Syed Zaid, lead singer of the BN band boy Zafrul and Zeti had misled the Parliament.
- What is clear is that neither Zeti nor Syed Zaid nor Zafrul showed any class or professionalism. They are just a group of village clowns. Thus, it is not surprising that Goldman Sachs screw us mercilessly, when idiots like Zafrul and Syed Zaid led the negotiations. (note: Syed Zaid was represented by his girlfriend and the real Boss of SC – Ms Foo Lee Mei)
- It is a well-known fact that the movers and shakers in KL especially among the legal and financial fraternity are shaking their heads on the stupidity of Finance Minister and Chairman of SC. We were made to look like fools. The Boss of Goldman Sachs was so happy that Malaysia not only willing to accept lower amount, but also let them off the hook from criminal charges. What did he do after his boys came down to MOF and screwed all of us Malaysians? Yes, he partied hard in the Hamptons.
- We have shared (see previous posting Part 2) that Permodalan Nasional Berhad’s decision to quit a venture with Jakel Land (a company that was rumoured to be linked to Datin Seri Rosmah Mansor) helped galvanise pressure to sack Jalil Rasheed from the investment fund. We showed the role of Wahid, Azman Yahya and Jakel in bullying PNB (and the poor Malays that put their life savings in ASB). Jalil attempted to ensure that PNB is not exposed to lousy deals and to reverse that land deal invites the wrath of the kleptocrats and band of bandits.
- In this Part 3, we will share information about another key reason for Jalil’s swift removal. Jalil sought to protect PNB, and to end the crooks’ reliance on government’s funds have led wealthy business elites to lobby for his removal. They had waged a silent campaign to have the 38-year-old CEO sacked long before the change of government in March so that they can continue to steal from the Malays. But we been informed by top placed sources that that their campaign was thwarted by the then Prime Minister Office who infamously known for sacking those GLCs bosses who were morally corrupt and complicit with the kleptocrats.
- A key factor fueling the hostility towards Jalil was the policy decision to halt and review all ongoing investments, a move that effectively turned off the money tap for rent-seeking businessmen that have grown dependent on the fund’s deep pockets to finance lucrative projects. The businessmen didn’t like it because their very survival depended on some of these ventures. They had no problem with Wahid – the former Chairman of PNB – who happily facilitated those doggy deals.
- Wahid had used PNB as a piggy bank for his corporate friends. We have counted at least 5 deals that were executed by Wahid that translated to almost RM16 billion in losses to PNB. As a comparison, the entire ASB dividend payout last year was RM9 billion. Imagine the return that can be given to the poor Malays who invest in ASB had Wahid got sacked much earlier. The returns could be better. Don’t forget that it was him that gave Najib RM4 billion where more than RM42 milloon had flowed from SRC to Najib’s personal accounts. That pirate of Bugis ascentry then spent on watches, jewellery and other silly stuff. Najib had been found guilty, and so must Wahid. Please see our expose on Wahid’s role HERE.
- Jalil ‘crossed the political line’ when he refused to follow the instructions of Muhyuddin Yassin and Zafrul to appoint Datuk Hajiji Noor – former pengerusi Umno Sabah and currently Ketua Bersatu Sabah as chairman of Sime Darby Berhad. Jalil refused to appoint Hajiji as the only professional job Hajiji has done was working as a radio announcer in 1980s before joining politics. Sime Darby, which is 45% owned by Amanah Saham Bumiputera, and has a revenue of about RM33 billion, must not be in the hands of inexperienced personal, what more a lousy and morally corrupt politicians. The refusal of Jalil to agree to the appointment of Hajiji, has angered both Muhyuddin and Zafrul. To thwart the Putrajaya’s attempt to install their puppet at Sime Darby, Jalil quickly appoint former EPF Chairman Tan Sri Samsudin Hitam as Acting Chairman of Sime Darby.
- It is worth to note that among the headhocho of GLCs, only Jalil stood firm. Datuk Shahril – the boss of Khazanah, willingly and speedily agree to appoint UMNO strongman Mahadzir Khalid as Chairman of TNB, despite that the latter has a corruption case ongoing. They did not even do a fit and proper, for which surely, he would fail. We heard that Mahadzir Khalid is now trying to remove the CEO Datuk Amir Azizan. We heard that Amir, the former CEO of MISC Berhad and Petronas Dagangan and son of the illustrious towering Malay Tan Sri Azizan, is a straight man and follows corporate governance, and does not condone hanky panky.
- Back to PNB. So this is the REAL STORY, read this and you will shake your head:
- The main transaction that Jalil wanted to revisit is Permodalan Nasional Bhd (PNB) investment in Sapura Energy, which is run by Tan Sri Shahril Samsudin.
- During Wahid’s time as Chairman, PNB invested in Sapura Energy, and owned about 12% of the company. It is a bizarre investment decision, as at that time PNB already has exposure to oil and gas thru UMW’s Valesco, which PNB owned 62%. Why need another one? Bodoh ka?
- Anyway, by end 2018, PNB took up some of the unsubscribed rights shares in Sapura Energy Bhd, and PNB increased it shareholdings in Sapura Energy to 40%, a substantial rise from its previous level of 12%. It is PNB that now owned the largest share in Sapura Energy, and not Tan Sr Shahril Samsudin, the son of the Tan Sri Shamsudin – the founder of Sapura. Remember, the ASB, ASN, ASW or ASD holders are the owners of Sapura Energy. The makcik and pakcik you see riding motorcycles while you are chauferred driven in your posh cars.
- Sapura Emergy has been bleeding and losing money for many year. It has debt of about RM14 billion. Maybank, of which PNB is a major shareholder and major source of dividend for ASB unitholders, gave about RM4.5 billion in loan to Sapura Energy. That is about 6% of Maybank assets. Remember, the normal people can’t continue their moratarium beyong September, but Sapura Energy gets billions of loan.
- How much PNB invested in Sapura Energy in 2018? It has pumped in RM2.68 billion and ended with 40% from 12%. Shahril and his family — the largest shareholder, through Sapura Holdings Sdn Bhd shareholding diluted to 12.6%, from 16.81%. The corporate governance gurus and kaki kelentong in newspapers like Lya Rahman and BK Sidhu can check on this.
- Wahid and Rahman gamble of the savings of the poor Malays which has turned badly. PNB investments of RM2.68 billion is a disaster. The value of that RM2.68 billion is reduced to RM575 million, which mean PNB has lost RM1.9 billion in about two years!! ASB has 27% of that total 40% of PNB stake in Sapura Energy. Many asked how come the value has decreased? Well that’s because Shahril is not really a good businessman. With friends like Wahid heading GLCs do you think Malaysian corporate scene in GLCs during Najib’s time was filled with people with good virtues?
- The poor Malays are in the losing end. To put things in perspective, total dividend payout for ASB last year was RM9 billion. Imagine how much the Malays can get in dividend if Wahid didn’t fuck us up with this silly investments in Sapura Energy.
- Despite PNB own the biggest chunk, it is Shahril that runs the show.
- Thus, despite losing money, he pays himself damn well. According to the company’s annual reports, Shahril’s salary was more than RM80 million from the financial year ended Jan 1, 2014 (FY2014), to FY2017. How much did Pak Cik Murad and Mak Cik Senah got from their ASB dividends during those periods? Shahril got RM800 million from bad investments. How much did you, our dear readers get from 2014 to 2017 for working like a dog? Zafrul received more than RM8 million last year alone for sitting on his bicycle, pretending to be CIMB CEO.
- In 2018, Sapura Energy lost RM 2.5 billion. How much the Shahril got as a reward for this venture? In the previous year, he got himself RM 62 million that year as remunerations! Lya Rahman can verify this for you. Readers can also take a quick peek at the minutes of BOD meeting dated 24 May 2017 below:
- Despite losing the poor Malays money in this screwed up investment, Shahril is still there until now, reaping the benefits! He should have been sacked. Jalil wanted to remove him but Jalil was sacked instead. In the aftermath, Shahril only reduced a bit of his salary. He must be crying under his blanket of money right now. Poor man. What is he getting right now? RM300K per month? Last year alone, Shahril used Sapura Energy’s money to pay for his private jet expenses in his trips worldwide. Millions of ASB holders’ money were used to pay for his extravagance on monthly basis. Every December he would take his family to Europe for a ski holiday. You people had subsidised for it. Where did you go, my dear readers every December? A daily trip to the office? God bless you for still not protesting in front of Sapura Energy office demanding for Shahril’s head.
- Do you how much Wahid paid himself? Well, Wahid pay himself RM3 million per year as non-executive Chairman of PNB! Crazy eh! How much did his predecessor Tun Ahmad Sarji got paid? RM35,000 a month! Remind us again the analogy pay peanuts got monkeys? Heck, these people got paid wagyu beef prices on an hourly basis and yet we still got monkeys.
- Off-tangent pulak. Ok back to Sapura.
- When Jalil came in, he wanted to stop all these nonsense. Despite PNB owned Sapura Energy, Shahril runs the show. The board of Sapura Energy are pretty useless, kowtowing to Shahril. When he tells them to bend over, they replied ‘How high?’ That is why despite losing money, Shahril got paid millions.
- On 17 April 2020, PNB sent a letter to Sapura Energy and addressed it to the Board regarding their concerns on the future of SEB.
- On 2 May 2020, Sapura Energy via Rosli Dahlan (the personal lawyer of Shahril Samsudin and Muhyuddin Yassin) sent a reply letter to PNB, basically telling PNB to fuck off. Interestingly, Sapura Board never discussed or agreed to get legal opinion re the letter from PNB. It was unilateral discussion by Shahril, without informing the board.
- At the same time, Zafrul requested PNB to quickly appoint – you wont believe this – Rosli Dahlan to the board of PNB! We can’t make this up. It is so bizarre.
- The letter that Rosli Dahlan sent to PNB is link here, excerpt below:
- So on Tues 10th of June, PNB sent a board circular to Amanah Raya Trustee. The aim is to compel Sapura Energy to undertake extraordinary general meeting (EGM) requisition to remove the entire board of Sapura Energy, including Shahril.
- On 11th June, Zeti was called by Zafrul, and the message was that Jalil must be sacked immediately, presumably before the proposed EGM.
- Jalil was sacked five days after that meeting. Zeti followed the instruction like a meek cat.
- Once Jalil was removed, that notice for an EGM to sack the board was aborted. Jalil resigned from Sapura Energy board, and Tan Sri Hamid Bugo was appointed immediately as Chairman of Sapura Energy to replace Jalil. Interestingly, PNB was not consulted on this appointment despite PNB is the majority shareholder. Now the Chairman is replaced again, with Tan Sri Shamsul Azhar replacing Hamid Bugo. We were informed that an Sri Shamsul was on the payroll of Sapura for the past two years, earning about RM900,000 per quarter! Again, this is PNB’s money. Since the proposed EGM did not materialised. Shahril is now safe to siphon more ASB money for himself under the pretext of monthly salary and other things.
- MOF Zafrul, Zeti, Syed Zaid are to be blame for this fiasco. They just wanted to save their friend – Tan Sri Shahril, and they ignore their duties to help the rakyat. The losers are PNB and Maybank , and ultimately the 14 million poor Malays that put their life savings in PNB.
- Don’t forget, PNB put in additional RM 2.68bil into Sapura since 2018, and that investment is now worth RM575 million, which means PNB has lost RM1.9 billion in about two years!! On top of that, Maybank, which is owned by PNB, gave about RM4.6 billion in loan, which is highly risky. If this didn’t happen, the poor Malays can get additional 3.8% in dividend. In other words, last year ASB dividend may go up from 5.5% to 9.3%!! But because of the stupidity and greed of pemegang amanah, namely Zeti, Wahid Omar, Syed Zaid, Shahril Samsudin, Rosli Dahlan and of course the wanker Zafrul, the poor Malays are on the losing end.
- In the next posting, we will show how Syed Zaid and Foo Lee Mei have abused their power. Mari kita lihat siapa yang kena.
You will be surprised! 
No wonder the Malays are still poor & will forever be poor. Don’t blame the crooks but blame the Malays themselves for allowing this to continue happening. They can’t even differentiate between the truth & lies. Pity them
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These fucking bastards deserve to be shot in their heads in the public square. If you have the evidences of those wrong doings, please don’t hesitate to post or document them in FB or other social media using a fake username. I know you can’t reveal your real name or your sources because you live in Bolehland. If you need my help please forward those evidences or documents to me and I will make sure those docs will be viral in social media in no time.
jayapanama00@yahoo.com
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