How Con-struction Works in this country

JKR's MACC pendora box probe. Who's exposed? MMC, Gamuda, IJM, Protasco, Mudajaya, MRCB and more?

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Publish date: Mon, 19 Sep 2016, 09:16 AM
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Curious where tax payer money goes? Ever heard of public Road Con-struction insider dealings? The fat profit margin where it goes? Here are the conspired parties.
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19 September 2016, Kuala Lumpur, Malaysia - The potential organised public looting through private sector especially public listed companies with money trail linked back to former political power which is the main focus in probes believed to be initiated by current rulling party have reveal the similar or worst corruption involving people's well-fare - the basic public infrastructure service provider, JKR. 

According to Bernama, 20 August 2016, thirteen people have been called by the Malaysian Anti-Corruption Commission (MACC) to facilitate in the investigations into the alleged graft involving three individuals, including a Datuk Seri and a Datuk.

MACC investigation director Datuk Azam Baki said the 13 people were from the capital, Kelantan and Melaka.
 
“They have been cooperating well with the MACC in the investigation. They were among 19 people who were being sought after to facilitate in the investigation. The remaining six were still being tracked down and we are confident that we can locate them in a few more days,” he told Bernama when contacted yesterday.
On a question whether the 13 people were working at the same place with the three suspects, Azam refused to comment.
 
Last Monday, three civil servants in their 50s were arrested on suspicion of involvement in corruption, abuse of power and money laundering.
 
Reliable sources have named public listed company may have involved in both graft and anticipation of public money through contracts award from JKR, and the probe is just the beginning.
 
"Who are the culprits involved in such dinosaur-age money spinning scheme? What are the public listed companies which authorities were implicated to cover up in disguise of such shameful misconduct while pretend to be doing justice or carry on their duty impartially? A disgusting self explanatory cowards for what they are doing. The public listed watch dogs in particular are useless and helpless when comes to real big crime.", commented a senior public servant.
 
Some investors wonder which companies are involved in JKR contracts. A search on Bursa Malaysia, some construction companies may ring a bell includes MMC, Gamuda, IJM, Protasco, Mudajaya, MRCB, Ahmad Zaki among the few. In the name of better future, a clean up is necessary. "This is at least the current government can do and do it right, despite political conspiracies.", added the public servant.
 
 
Con-Struction Report
 
 
Source: Bernama
 
http://www.theborneopost.com/2016/08/20/13-called-in-macc-graft-probe-involving-datuk-and-datuk-seri/
 
20 August 2016, 13 called in MACC graft probe involving Datuk and Datuk Seri.
 
Thirteen people have been called by the Malaysian Anti-Corruption Commission (MACC) to facilitate in the investigations into the alleged graft involving three individuals, including a Datuk Seri and a Datuk.
 
MACC investigation director Datuk Azam Baki said the 13 people were from the capital, Kelantan and Melaka.
“They have been cooperating well with the MACC in the investigation.
 
“They were among 19 people who were being sought after to facilitate in the investigation. The remaining six were still being tracked down and we are confident that we can locate them in a few more days,” he told Bernama when contacted yesterday.
On a question whether the 13 people were working at the same place with the three suspects, Azam refused to comment.
Last Monday, three civil servants in their 50s were arrested on suspicion of involvement in corruption, abuse of power and money laundering.
 
The trio, who were attached to Kuala Lumpur City Hall (DBKL), Public Works Department (JKR) and Tenaga Nasional Berhad (TNB), were arrested between noon and 2pm in a simultaneous operation in the capital, Melaka and Kelantan.
 
Following their arrests, their bank accounts amounting more than RM13 million were frozen, including their savings and unit trusts valued between RM1 million and RM6 million per person.
 
MACC also seized several units of luxury condominium, a penthouse and a bungalow, luxury vehicles including Maserati, BMW and Audi, believed to be have been obtained through corruption and money laundering activities.
 
Cash of RM400,000, including in foreign currency, as well as several luxury watches were also seized during the operation. — Bernama
 

 

 

 

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Roadcare of Protasco, the obvious prize of MACC's JKR graft investigation? 13 arrested and counting.

Created by ConKingPin | Sep 19, 2016

Discussions
Be the first to like this. Showing 4 of 4 comments

IgotCon9

All takes money, and there is nothing Bursa and SC can do about it. Big CRlME gets away. This is normal. It's time PR0TASCO CH0NG bribe enough buys all company shares and price goes up. Investors all happy, who cares he is CR00K or CRlMINAL.

2016-09-20 10:16

OldDlCK

Bribery is legal. Ask Bursa and SC see what they say. Lolololol

2016-09-20 21:48

IgotCon9

you mean PR0TASCO bribery in hundreds of millions of ringgit is totally legal? I thought those are people of Malaysia's money? The entire board members are in this cover up?

2016-09-26 11:16

IgotCon9

No wonder they splash so much money and Bursa and SC seems pretend never see. Maybe hire good accountant cover up and pretend its legal. I don't know Malaysia can allow large crime to keep on looting people's money and it's totally acceptable. As long investors on drugs are happy. So share price sure goes up. Right?

2016-09-26 11:19

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