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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
beginner58
83 posts
Posted by beginner58 > 2020-02-29 14:02 | Report Abuse
Moohidin had stage 4 cancer, how long can he live? Anytime,GOD will take him away, even tonight he can be gone forever. And do you know this Moohidin is more corrupted than Najib. Malay Reserved land he will also sell, so how?
Read this lah....
https://www.facebook.com/ckfoo9/posts/3086276491405388
MUHYIDDIN YASSIN HAS A LONG HISTORY OF DOCUMENTED CORRUPTION AND BRIBERY SCANDALS TO BE THE 8th PRIME MINISTER OF MALAYSIA
RE: THE STAMFORD LAND SCANDAL WHEN MUHYIDDIN YASSIN WAS MB OF JOHOR
QUOTE
In 1994, Stamford applied to the Johor government for permission to develop a light industrial estate on part of its huge land holdings near the state capital of Johor Baru. However nothing happened during the subsequent four years.
MB JOHOR MUHYIDDIN YASSIN WAS ALLEGED TO HAVE MAFE A PHONE CALL TO STAMFORD HOLDINGS:
“Look, I have this piece of paper in front of me on my desk. All I have to do is sign it and Stamford Holdings will no longer own the4,000 acres of land. Now, do you agree or not to develop the land and I take 70%?” -
Stamford refused.
The following week, they received a letter from the Johor State Government signed by Muhyiddin stating that the government has taken over the land.
READ BELOW
...THE DETAILS OF MUHYIDDIN YASSIN’s ABUSE OF POWER
AS JOHOR MM TO BLACKMAIL INVESTORS FOR PERSONAL GREED
Stamford Holdings Sdn. Bhd. is a plantation company registered in Malaysia under the Companies Act and 90% of its equities are owned by the Seet family from Singapore, the Gan family and the Wang family from Malaysia.
In 1994, Stamford applied to the Johor government for permission to develop a light industrial estate on part of its huge land holdings near the state capital of Johor Baru. However nothing happened during the subsequent four years.
In 1998, two Malaysians approached Stamford alleging that they were the Johor Menteri Besar’s (Tan Sri Muhyiddin Yassin), business associates and that they were able to able to get Stamford ’s application approved promptly.
The two individuals were Syed Mokhtar Albukhary and Datuk Yahya Taib. The meeting was held in Singapore .
The one pertinent condition was that Stamford form a joint venturetogether with them along with Tan Sri Muhyiddin Yassin wherebyStamford would retain 70% of the shareholdings in this JV company and that the trio would pump in RM1,800,000 (approx RM3,397.50 per acre) into the JV Company to develop 1,766 acres of its 8,310 acres in total land holdings.
In late 1989, Stamford agreed to the proposal and the four parties formed a JV company, which resubmitted a fresh application to theJohor State government to convert the 1,766 acres of plantation landto industrial use. The new application was promptly approved.
When the property was later sold in 1994, the Muhyiddin group's initial investment of RM1.8 million had soared to RM83.2 million(4622%).
Meanwhile in 1992, Syed Mokhtar Albukhary and Datuk Yahya Taib again approached Stamford ’s directors, proposing to develop the remaining 6,544 acres of Stamford 's Johor prime land holdings.
However the conditions were different this time around.
They were willing to pay RM30,000 per acre to Stamford but demanded 70% equity stake.
When Stamford insisted on retaining the original JV conditions whereby they hold 70% equity and that the Albukhary - Taib- Yassin group pay RM70,000 per acre for the 30% equity stake, one of Muhyiddin's associates allegedly warned Stamford’s directors that the land acquisition papers were on the MB’s desk and could be “signed at any time”. Stamford refused
A few days later, Muhyiddin called up Stamford again, and told them:
“Look, I have this piece of paper in front of me on my desk. All I have to do is sign it and Stamford Holdings will no longer own the4,000 acres of land. Now, do you agree or not to develop the land and I take 70%?”
Stamford again refused.
The following week, they received a letter from the Johor State Government signed by Muhyiddin stating that the government has taken over the land.
Conspiracy
In July 1994, the State Government of Johor officially acquired the land on behalf of the Johor Islamic Economic Development Corporation (Perbadanan Kemajuan Ekonomi Islam Negeri Johor) under the Land Acquisition Act.
Stamford Holdings, through its director, Gan Tee Kian, filed the suit in the Kuala Lumpur High Court on February 4, 1995 claiming that Muhyiddin, Syed Mokhtar and Yahya contravened the provisions of the Land Acquisition Act in acquiring the piece of land through the Johor Islamic Economic Development Corporation and sued the trio for damages for alleged conspiracy in acquiring land in Johor through the Land Acquisition Act.
Read everything here....
https://www.facebook.com/ckfoo9/posts/3086276491405388