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RM160m to solve Najib’s problem?

 | January 8, 2013

The object of the whole LTAT exercise seems to be to save Raja Ropiah, people from Mindef and even LTAT – players who may all have a hand in the exercise.

COMMENT

You know how government-linked companies (GLCs) screws us? In order to deceive people, they build themselves a byzantine maze with sister companies, brother companies, son-companies, grandson-companies and great-great grandson companies.

It will take a financial sleuth some time to trace the trail of deception and corruption.

Take the maze of companies involved in the Deepak Jaikishan-Raja Ropiaah Abdullah scam.

LTAT (Lembaga Tabung Angkatan Tentera) is the parent company. Boustead Holdings Bhd is the son-company. Baktiwira is the grandson company. And Jendela Hikmat is the great-great grandson company. Then there is Guppyunit

Umno has a system already in place. At every level, an Umno GLC infuses the culture of deception and corruption. Every level it skims off the milk.

The question is, why is LTAT so friendly with Raja Ropiaah? Why is Raja Ropiaah so special to Ministry of Defence (Mindef) and its minister then?

One thing is known. The object of the whole LTAT exercise seems to be to save Raja Ropiaah, the people from Mindef and even LTAT – players who may all have a hand in the exercise.

Since we do not have a RM100 million research centre, the sale of the 223 acres of land belonging to Mindef must be a massive fraud.

Why the need to save Raja Ropiaah unless she is fencing for Umno leaders?

LTAT buys off Deepak for RM30 million and he has no standing any longer to sue Raja Ropiaah.

One fact is now clear: Raja Ropiaah is more important to Najib. And Najib must save his wife Rosmah Mansor.

Raja Ropiaah, the owner of Awan Megah which has legal title over the 223.33 acres of land belonging to Mindef, is supposed to build the RM100 million defence research centre called Pusat Pengajian Pertahanan Nasional (Puspahanas). She got the following amount:

  • RM13 million cash from Deepak;
  • RM8 million cash for political contributions passed on to her;
  • RM2 million cash from Guppyunit Sdn Bhd; and
  • RM16 million overdraft facility from Guppyunit.

Now, she gets RM130 million for 220 acres of land originally belonging to Mindef. Mindef buys its own land back for RM130 million.

Why would LTAT be stupid enough to buy a messed-up company for RM30 million, unless it was meant to silence Deepak?

Why would LTAT pay RM130 million for the land which it originally owned?

And did LTAT just spend RM160 million in one day to get rid of a problem for Najib?

The writer is a former Umno state assemblyman but has now joined DAP. He is a FMT columnist.


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