RM3 billion of your EPF money in Bakun Dam

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RM3 billion of your EPF money has been lent for the Bakun Dam project (Photo credit: Raymond Abin/IPS)

One of the interesting things that I discovered when I was doing some research into the Bakun and Murum Dams was that as at December 2007, a total of RM3 billion of EPF money had been lent to the Bakun Dam developer. (The loan is guaranteed by the Federal Government.) The other startling fact is that there are still some affected residents of Bakun who have not yet received compensation after 10 years.

One of the firms likely to benefit from the abundant electricity from the Bakun/Murum Dams is CMS. Now CMS, one of the big corporate players in Sarawak, basically belongs to Chief Minister Taib Mahmud’s family: its main shareholders are the chief minister’s daughters Jamilah Hamidah and Hanifah Hajar, son-in-law Syed Ahmad Alwee Alsree, and family concern Majaharta Sdn Bhd, each with a 14 per cent stake. Taib’s wife Lejla has an 11 per cent stake while sons Sulaiman Abdul Rahman and Mahmud Abu Bekir own 9 per cent each.

CMS is in a joint venture with Rio Tinto to build an aluminium smelter, which requires lots of electricity.

The managing directory of Sarawak Energy Bhd (SEB), which is selling the power from these dams, is Taib’s brother-in-law, Aziz Husain.

Here’s the article I wrote for IPS:

Who will foot the bill for the Murum resettlement? ”Is it Sarawak Energy or will it be passed on directly to the state government and hence the tax payer,” asked one Sarawak-based activist, who declined to be identified. Full story here – Murum Dam: Public funds for corporate profit

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Mary

I am one of the victim that had been replaced in the new place (Sg Asap). I was still small that time which i don’t understant what really going on. My dad agree and my mum disagree made them fight like hell over it and made them splits. So, my dad follow those people who moved and my mum join the rest not to move and fight for more benefits. I really don’t understand the situation, most of people seems to get so excited to move. Now…. I must say that my mum were right!! Sg Asap’s villagers start to… Read more »

bow

wake up , our Sarawak and Sabah’s brother n sister, look around west Malaysia, why you all want corrupted officials to mess up your beautiful states?? You all can do a lot better without umnoputra in your state.

Maran

We need 20% of Sarawakians and Sabahans to swing vote to bring downfall to BN.

Please do your part. Every vote counts!

Sunam Suwim (Tsunami)

The development of the damned dam using rakyat’s money but those who benefited are those crazy of power. Those who have long cheated on the rakyat. When will it be enough for them. Money being siphoned outside of malaysia. It is just too sad and nothing was done to put a full stop….

cktan

ask any sarawakian you will know that it’s Chief Minister and Sons.

Nicholas Philip

They control everything…

Road building, gabbage collection, oil n gas, everything…..

People power must start really really soon in SWAK…..

amoker

I wrote about the plight of Sabah and Sarawakian natives in my blog too. Please all, continue to flood the internet with more news that it will become the top information whenever someone search news on these destinations.

Shame on Sarawak and the Ibans to be taken for a ride by the CM and gang

Li Huat Chai

I really pity Sabah and Sarawak people.
They have been taken for a ride by their BN leaders,
and yet, they still vote for them. Mong Cha Cha !!!
I wonder when are you going to wake up from your slumber.

lanwm

this CMS family business should be punish for making us pay for its profits made! damn!

Moonrider

As we are the owner of the money in EPF , can we protest ..

All this BN is so damn in building the dam ..

Look at the people in sarawak and sabah , some need to wake up at 4am and travel by boat in order to get to school while this jerks keep sucking the money ..

Hope PR take over and get these guys and punished them with law

alancheong

well now, anil, you should also be looking into EPF’s almost half a billion foray with WCT.

make some noise about it.

Concerned_Citizen

Another Political-Corporate giant in action of profiting from THE RAKYAT….

colimac

ALL THE KING’S HORSES AND ALL THE KING’S MAN IS NOT GOING TO PUT TAIB ON THE RIGHT TRACT AGAIN.THE FERERAL GOVT IS S*** SCARED OF TAIB FOR ALL THE CLOSETS IN THE CUBBOARD WILL BE REVEALES

Samuel Goh Kim Eng

When too much money is put into a dam
You’ll find your funds in quite a jam
You may have ham sandwich without ham
Without you knowing the run on the ram

(C) Samuel Goh Kim Eng – 081008
http://MotivationInMotion.blogspot.com
Wed. 8th Oct. 2008.

danet7882

all these (people) only knows to make profit out of RAKYAT…
Down with … BN

matt

Taib, drm n paklah all of them have one common factor …