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Showing posts with label SAS. Show all posts
Showing posts with label SAS. Show all posts

Still keeping mum over SAS fiasco

But investors hope the isssue will be brought up at
today's sitting of the State Legislative Assembly.
KOTA KINABALU: “Just give me back my money. Don’t be irresponsible.” This is what Joseph would like to say to Sabah Chief Minister Musa Aman if he ever meets him face to face.
The middle-aged father of six has been saying this for years with an air of resignation. But now, there is a faint hope he might get an answer when the State Legislative Assembly begins its sitting to unveil the next state budget.
Joseph is talking about his savings that he invested in the ill-fated Saham Amanah Sabah (SAS) trust fund that was launched by the Barisan Nasional state government in 1994.

SAS scandal: Angry businessman Ambrose Lee slams Yee for implicating him

(Revisited) After more than a decade of silence, a businessman who was implicated as the hand behind the crash in the unit price of Saham Amanah Sabah (SAS) in 1997 has surfaced to publicly deny any involvement in the fiasco.

Businessman Ambrose Lee broke his silence following last week’s debacle in the state legislative assembly in which his name was, for the first time, directly linked to the debacle.

Lee was known to be the owner of now defunct Suniwang Holdings Sdn Bhd, which bought the MISC blue chip shares from Sabah government’s investment arm, Warisan Harta Sabah Sdn Bhd (WHSSB), in exchange for the North Borneo Timber (NBT) and Sugarbun shares back in 1997.

‘If true, I will shoot myself!’

By : DATUK YONG TECK LEE

AS CORRECTLY reported in Sunday's newspapers, the publication on my left was the Hansard (records of the Legislative Assembly sittings) with the Sabah State crest on its cover. The book on my right was the 1996 publication by Tan Sri Harris; no doubt the photo of Tan Sri Harris could be from his Chief Minister days. But the 1996 book was nevertheless, published in the name of Tan Sri Harris with his signature on it.


Yong: Political lies taken as complete truths

By Datuk Yong Teck Lee

"In the past, I did not bother about political lies spread about me like the Saham Amanah Sabah (SAS issue, the approvals of the 65,000 acres Begaraya land in Pitas and the Tanjong Aru Government Quarters land to private companies. In the internet and coffee shops, lies were spread against me for so long that the lies were taken as complete truths. But as wisdom goes, real gold is not afraid of fire and paper cannot cover fire.


The Truth of SAS issue revealed

An eternal mockery of the anti-corruption move by the Malaysian government 
1. This letter is written with a view to disclosing the TRUTH hidden in the disastrous loss of SAS, which has been twice rejected the presentation of TRUTH in White Paper by the overwhelming majority of BN assemblymen at the Sabah State Assembly.

2. At first glance, you would come to the simple (as kindergarten) conclusion that "I am from SAPP" and "I am speaking for Yong Teck Lee". My simple and instant reply is: Bullshit!! Let me tell you this: I've never been a SAPP member and neither am I paid / or instructed to write!


SAPP to raise SAS issue again in next sitting

TAWAU: Sabah Progressive Party (SAPP) will again raise the Saham Amanah Sabah (SAS) issue in the State Legislative Assembly (SLA) sitting in November and call for a white paper to reveal who was responsible for the shares losses amounting to RM500 million.

SAPP Women chief Melanie Chia said it was an issue which the Barisan Nasional (BN) had not tackled and Tawau people were talking on the issue.

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