Koon Yew Yin's Blog

Vital information for voters - Koon Yew Yin

Koon Yew Yin
Publish date: Mon, 17 Oct 2022, 10:57 AM
Koon Yew Yin
0 1,450
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

Parliament was dissolved on 10 October and within 60 days, the 15th General Elections (GE15) must be held.

Since our independence in 1957, with the exception of 22 months under Pakatan Harapan rule, UMNO has been ruling Malaysia. UMNO leaders want the general election to be held as soon as possible because many of their leaders are being charged for corruption. In fact, former UMNO president and Prime Minister, Najib Razak has been jailed for 12 years for corruption.

If UMNO wins GE15, all the corrupted leaders will be exonerated.

All voters should read this article before they go to polling stations to cast their votes. After you have read this piece, please forward it to all the people on your contact lists so that they can vote wisely.

Since the last general election, many young children would have grown older and eligible to vote. Based on our population growth rate of 1%, there should be about 4% X 32.5 million = 1.3 million young voters.

Vital information

Voters must bear in mind that Malaysia was once the biggest producer of tin, rubber and palm oil in the world. Moreover we are the 16th biggest petroleum producer in the world. Yet we could not be classified as a Developed Nation. While Singapore, Taiwan and South Korea are classified as Developed Nations. All these 3 countries do not even have timber to build their houses. The biggest culprit is corruption.

Najib Razak

Malaysia's former premier Najib Razak on Tuesday (Aug 23) failed in his final appeal against a graft conviction, and has been sent to prison to serve 12 years for misappropriating millions of dollars from a company linked to 1Malaysia Development Berhad (1MDB).

Malaysia's highest court, the Federal Court, upheld Najib's conviction on seven counts of abuse of power, money laundering and criminal breach of trust involving SRC International, a company that was a subsidiary of state fund 1MDB.

In a case widely seen as a test of the nation’s resolve to stamp out corruption and which could have major political implications, high court judge Mohamad Nazlan Mohamad Ghazali sentenced Najib to 12 years and a fine of 210 million ringgit ($49 million) for abuse of power.

Najib’s wife Rosmah

Rosmah, 70, was charged with soliciting RM187.5 million in bribes from contractor Saidi Abang Samsudin in 2016 and 2017 so that his company Jepak Holdings could secure a RM1.25 billion government project to supply solar energy to 369 rural schools in Sarawak state. She was also accused of receiving bribes totaling RM6.5 million from Saidi at the prime minister’s official residence and then later at her private residence in Kuala Lumpur between December 2016 and September 2017. Rosmah was sentenced to 10 years in jail for each charge. All three prison terms will run concurrently.

Besides Najib and Rosmah, 8 other UMNO leaders are currently ongoing corruption trials in Malaysian courts:

1 Zahid Hamidi

UMNO president Datuk Seri Dr Ahmad Zahid Hamidi has been arrested by the Malaysian Anti-Corruption Commission (MACC) earlier today, 18 October

UMNO president Datuk Seri Ahmad Zahid Hamidi is currently facing a total of 87 charges in two separate trials. 12 charges for criminal breach of trust

- Zahid allegedly used stolen funds to pay for his personal credit cards and insurance policy, among other things. The offence was allegedly committed between 2014 and 2016.

27 charges for money laundering

- Zahid allegedly engaged in direct transactions involving income from illegal activities between 2016 and 2018.

Eight charges for bribery

- Zahid allegedly accepted bribes amounting to RM21.25 million from three companies, namely Mastoro Kenny IT Consultant & Services, Data Sonic Group Bhd, and Profound Radiance Sdn Bhd.

- The bribes were intended to induce Zahid, who served as the then-Home Minister, to help the companies obtain MyEG projects, supply passport chips, and to be appointed the operator of migrant visa one-stop centres in Pakistan and Nepal respectively.

40 charges for another bribery case

- Separately, he is also facing 40 charges of having to receive bribes from a company that managed the overseas visa system.

- The trial for that is slated to begin in October.

2 Musa Aman

Former Sabah Chief Minister (CM) Tan Sri Musa Aman is currently facing 46 corruption and money laundering charges against him in connection with timber concession contracts in the state.

30 charges for corruption

- Musa allegedly received USD50.1 million (RM210 million) from eight logging concessionaires as an inducement to approve logging concessions to 16 companies.

16 charges for money laundering

- Musa allegedly instructed an individual to open a bank account in Singapore to channel proceeds from illegal activities.

- He allegedly received USD37 million (RM155 million) and SGD2.5 million (RM7.5 million) through the individual's bank account. The offences were allegedly committed between 2004 and 2008 while he was serving as Sabah Foundation Board of Trustees chairman and the state's CM.

3. Bung Moktar Radin

Sabah UMNO chairman Datuk Bung Moktar Radin is currently on trial for accepting millions of Ringgit in bribes.

Three charges for bribery

Bung Moktar allegedly accepted bribes totaling up to RM2.8 million in June 2015. The Kinabatangan MP, in his capacity of a non-executive chairman of FELCRA Berhad, allegedly accepted the bribes to obtain approval for the company to make a RM150 million investment in unit trust products.

4. Abdul Azeez Abdul Rahim

Three charges for bribery

- Abdul Azeez allegedly received RM5.2 million worth of bribes.

- He allegedly committed the offences on three occasions - in October 2010, June 2017, and April 2018.

- The bribes were allegedly received by him and his brother, Datuk Abdul Latiff, to help Syarikat Menuju Asas secure a road project through limited tender from the Ministry of Works.

- The RM644 million project was an upgrade work on Pantai Baru Coastal Expressway.

Nine charges for money laundering

- Abdul Azeez allegedly received proceeds from unlawful activities amounting to nearly RM140 million, reported The Star.

- He allegedly committed the offences in March 2010 and August 2019.

5. Mohd Isa Abdul Samad

Tan Sri Mohd Isa Abdul Samad is currently facing 10 charges for the alleged crimes he committed when he was serving as chairman of FELDA Investment Corporation (FICSB)'s board of directors in 2014.

Nine charges for bribes

- Isa allegedly received RM3 million in bribes from Gegasan Abadi Properties director Ikhwan Zaidel.

- The bribes were meant to induce Isa into assisting the company in selling Kuching's Merdeka Palace Hotel and Suites to FICSB at an inflated price of RM160 million.

- All the offences were allegedly committed between July 2014 and December 2015.

6. Tengku Adnan

Datuk Seri Tengku Adnan Tengku Mansor, who is the former UMNO secretary-general, is currently facing a charge of receiving RM2 million in bribes, reported New Straits Times.

One charge for bribery

- Tengku Adnan allegedly received RM2 million from businessman Tan Sri Chai Kin Kong in a form of a cheque belonging to property developer Aset Kayamas.

- It was deposited into a bank account belonging to Tadmansori Holdings, a company owned by Tengku Adnan's family.

- The offence was allegedly committed in June 2016.

7. Ahmad Maslan

UMNO supreme council member Datuk Seri Ahmad Maslan is currently facing two money laundering charges in connection with funds he allegedly received from former Prime Minister Najib Razak, reported Malay Mail.

Two charges for money laundering

- In the first charge, Ahmad allegedly received a cheque of RM2 million from Najib in November 2013.

- He failed to declare the amount to the Inland Revenue Board.

- In the second charge, Ahmad allegedly tempered his documents before submitting them to a Malaysian Anti-Corruption Commission officer.

8. Shahrir Abdul Samad

One charge for money laundering

- Shahrir allegedly received RM1 million from Najib in November 2013.

- He is also charged for allegedly failing to declare the money he received with the Inland Revenue Board.

The MACC has also issued a compound to Shahrir, who is UMNO's Johor Bahru division chief, demanding him to return the money as it is believed to be part of the RM420 million stolen from 1MDB.

I am not a politician and I am not a member of any political party. As I pointed out Najib is in jail and Rosmah is appealing and 8 other UMNO leaders are being charged for corruption. If UMNO won GE15, all these corrupted UMNO leaders would be exonerated.

More articles on Koon Yew Yin's Blog
What is Bipolar Disorder? - Koon Yew Yin

Created by Koon Yew Yin | Nov 25, 2024

My younger brother who was a dentist had bipolar disorder. Unfortunately, he committed suicide about 12 years ago.

CPO price is rising rapidly as shown by chart below - Koon Yew Yin

Created by Koon Yew Yin | Nov 22, 2024

All plantation companies are reporting better profit for the quarter ending September when CPO price was about RM 3,800 per ton.

MHC Reported Increased Profit - Koon Yew Yin

Created by Koon Yew Yin | Nov 21, 2024

Indonesia is the biggest palm oil producer in the world. Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, a senior energy ministry offici

Why all plantation companies will continue to report more profit - Koon Yew Yin

Created by Koon Yew Yin | Nov 20, 2024

Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, a senior energy ministry official said recently, lifting prices of the vegetable oil...

Who will win the Presidential Election? - Koon Yew Yin

Created by Koon Yew Yin | Oct 30, 2024

Latest poll on 30th Oct 2024

Who will win the Presidential Election? - Koon Yew Yin

Created by Koon Yew Yin | Oct 30, 2024

Latest poll on 30th Oct 2024

Wasco expects better profits in coming quarters with robust order book - Koon Yew Yin

Created by Koon Yew Yin | Oct 25, 2024

The group is expected to deliver better profits and revenue from its pipe coating, engineering, and bioenergy segments.

Malaysian Communist Party - Koon Yew Yin

Created by Koon Yew Yin | Oct 14, 2024

Today I read the article by Murray Hunter titled “A Visit to the Malaysian Communist Party tunnels in Betong, Thailand”, which is an important part of Malaysia’s history.

Property Developers comparison - Koon Yew Yin

Created by Koon Yew Yin | Oct 04, 2024

KSL is still the cheapest based on a 4.4 PE ratio, which means its share price should continue to go up. Unfortunately, there are a few small investors who always queue to sell at cheaper prices...

Property Developers comparison - Koon Yew Yin

Created by Koon Yew Yin | Oct 04, 2024

KSL is still the cheapest based on a 4.4 PE ratio, which means its share price should continue to go up. Unfortunately, there are a few small investors who always queue to sell at cheaper prices...

Discussions
3 people like this. Showing 9 of 9 comments

emsvsi

DEAR KOON
DOES THIS MEAN YOU ARE LOOKING AT POLITICALLY LINKED STOCKS OR HAVE YOU ALREADY BOUGHT

2022-10-17 11:30

shortinvestor77

You better contest in GE15 in order to stop them. Else talking is useless.

2022-10-17 16:49

speakup

umno win = all charges dropped + najib out of kajang
GE15 is a vote by the people to see whether they agree to free the umno warloards

2022-10-18 07:40

fansifeng

Great information. I would to to share it to https://geometrydashunblocked.io
You can access to know it

2022-10-18 15:10

alenac

Foreign investors are watching closely the next GE in Malaysia. Who will be in control of the government after the GE? A kleptocracy 2 picked by the people will be disastrous for the country. Malaysia will then continue to suffer from the result of such a choice. Low exchange rate, the decline in living standards and the poverty trap of the majority.

2022-10-19 09:34

Callmejholow

actually, to make your article neutral, you should list down those on the other side who are facing all kinds of charges of their own too.

2022-10-19 15:32

Musang King

EXACTLY. WHAT HAPPENED TO LGE CORRUPTION CHARGES? NEVER MENTION THAT OR JUST PURPOSELY FORGOTTEN. I PRAY THAT THE MANAGING DIRECTOR THAT COMMITTED SUICIDE IN PENANG FOR LGE WILL RISE UP FROM HIS GRAVE TO GIVE EVIDENCES TO THE CURRENT ON GOING TUNNEL CORRUPTION TRIAL.

2022-10-19 17:03

Musang King

MR KOON. THE WHOLE WORLD KNOWS YOU ARE A DAP STRONG MAN DESPITE YOU SAYING YOU ARE NOT A POLITICIAN AND NOT A MEMBER OF THE DAP.

2022-10-19 17:06

gohkimhock

This is the best article from KYY, though might be copied from somewhere else..

2022-10-19 17:33

Post a Comment