Kleptocracy is a government by thieves for thieves!

The PM was regaling the audience with a self-serving story- while addressing an assembly of Chinese businessmen, he said he can’t help but attribute the presence of Chinese billionaires being the result of his government’s policies. But we all know what his policy truly is- it’s the policy of lu tolong gua tolong lu which translates into, You help us retain power, we help you get more business. It’s exactly the kind of policy described in the scene below.

 

How is it the same policies that can create more Chinese billionaires per Chinese population failed to create the same number of Malay billionaires per the Malay population? This is how.

Consider the double-tracking electric train project from Gemas-JB. See how, Najib has come up with a policy that is responsible for creating Chinese billionaires.

For about ten years and over the contract for the double-tracking electric train from Gemas to Johor Bahru has been toeing and froeing. The project was initially was awarded to China Railways Engineering Corporation (CREC). CREC is the company approved by the government of China and also approved by the CCP. For the RM 8 billion project, the government of China will provide the loan provided that the contractor is one approved by them.

Najib now wants to award the contract to China Harbour Engineering Co. Ltd. (CHEC) instead, the company that is building the Second Penang Bridge. Who was the man behind the deal?

Enter, the man known as Tan Kay Hock, Najib’s golf buddy. He is brokering the deal on behalf of CHEC. How does he do it? What special methods did Tan Kay Hock use to induce Najib? Tan Kay Hock uses the tried and tested method of lutolonggua-guatolonglu.

But we can be sure Tan Kay Hock is not working alone. In order to rescind the letter of Intent given to CREC, that requires cabinet approval. How can cabinet renege on its earlier approval? It can only do that, if there was a special paper prepared to show CREC after all isn’t the right company to carry out the project. Tan Kay Hock must have an ally within the cabinet, sufficiently in control of economic matters of the country to carry out that task. What took place was a PMC was appointed to prove the shortcomings of CREC. That was carried out and as a result, the government was willing to cancel this Letter of Intent and issue a new Letter of Intent to CHEC.

Here’s where Tan Kay Hock comes into the picture. For the new Letter of Intent to be issued to CHEC they must fork out RM500 million, which Kay Hock claims RM200 million will be paid to the Prime Minister of Malaysia’s family. How can a company like CREC which is the company with the experience in constructing electric railways be kicked out? In its place, CHEC, the company which constructed the Second Penang Bridge but no experience in constructing railway line, gets the job?

The answer is simple as it’s blunt. Because by appointing a new contractor besides Tan Kay Hock making money, other business opportunities abound. For example, a new supplier for coaches can be identified and through them, some people can make much money. The new proposal is just an excuse to make money for some people close to the PM. 

The supply of the coaches was a deal involving, people closest to the PM, Mumtaz Jaafar and Cindy Lim. Cindy is the wife to Desmond Lim Desmond who handled the deal where KTM paid out RM1.4 Billion for coaches that cannot function. According to KTM, the coaches are not even worth RM300 million.

So there you are- the special policy that Najib uses to create billionaires.