HOW PEMBINAAN REDZAI MADE RM16 MILLION FROM MAIKA HOLDINGS?

Content of the agreement as revealed by Sarawak Report

OH MAI-KA!

The controversy surrounding Maika Holdings Berhad seemed to have not only been legendary but also created a legacy that will go down in history as the mother of all scandals. However, we are now beginning to discover that the scandals may have gone on even after Maika was sold to G Team Resources.

In 2010, G Team Resources and Holdings (G Team) established by Tan Sri G Gnanalingam and Datuk S Kunasingam offered to acquire the 125 million shares in Maika at RM106 million. G Team claimed that the intention was to restore to Maika shareholders their original investment.

However, this sale came under scrutiny, even raised in Parliament as mention in my article THE MOTHER OF MALAYSIA’S FINANCIAL SCANDALS – https://www.srisanjeevan.com/the-mother-of-malaysias-financial-scandals/

Agreement between Pembinaan Redzai & G Team for RM140mill “friendly” loan
RM140mill “friendly” loan but agreement not stamped? Stamp duty not paid?

Recently in an agreement spotted by us, we discovered that Pembinaan Redzai Sdn Bhd, whose board of directors include Gnanalingam and his son Ruben Emir Gnanlingam Abdullah, had given a RM140 mil “friendly” loan to G Team, charging 6% interest.

The Ministry of Housing and Local Government stipulates that a company must be granted a money lending license under the Moneylenders Act 1951 and Moneylenders (Control and Licensing) Regulations 2003 “to undertake any business of those relating to the money lending activities, which complements its existing business”.

Pembinaan Redzai is an investment management firm according to Bloomberg.

Reply from Minister of Housing & Local Government

Reply from Minister’s Political Secretary

So what is Pembinaan Redzai where Gnanalingam is also board member, doing lending money to G Team which Sarawak Report mentions, was to buy up the majority of Maika shares in 2010 as part of the “bail out” plan?

Also, the document viewed by us clearly showed that the loan agreement was not endorsed with a stamp duty. Would the document then be regarded as legal and binding contract?

Sarawak Report claims that the interest collected interest from the RM140 million “friendly” loan to G Team was about RM16 million. This begs the question – was this declared in Pembinaan Redzai’s annual income to Inland Revenue Board (LHDN)? If the agreement was not even stamped in the first place, how then would the interest from the “friendly” loan be declared?

So, Pembinaan Redzai (which is also co-owned by Gnanalingam) made RM16 million ringgit profit from Maika Holdings in the name of interest for “friendly loan”? So Gnanalingam is really the “white knight” who came to rescue Maika Holdings and it’s 66,000 investors?

The plot thickens as Sarawak Reports states that according to the letter sent by the liquidator, when the majority of the insurance company Oriental Capital Assurance Berhad (OCA) was sold to Tune Insurance Holdings for just over RM145 million. However, that amount was transferred by cheque straight back to Pembinaan Redzai as an apparent repayment plus interest – rather than to Maika itself for proper distribution.

So in the first place is Pembinaan Redzai a licensed moneylender? If not, how was it possible for the company able to provide a “friendly” loan to G Team? Bear in mind that Gnanalingam was holding high positions in both companies at that time. Even if it is legal, would it make it right?

Maika’s scandals have been shrouded with secrecy for too long. Only now are all of it being uncovered. As I said before this is too big a scandal for the new government to ignore. The time has come for justice to finally prevail.

The billion dollar question is why MACC still hesitating to act or investigate Maika – G Team’s deal? Is there someone high up protecting or stopping such investigation from commencing which could land someone highly influential in jail?

Fight Injustice Everywhere”

Dato’ Sri Sanjeevan Ramakrishnan

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    …but was later revealed by his own family members that he indeed is a devout Muslim.

    So what’s in the name? The meaning of someones name can say a lot about a person. God throughout history has given names to people that have a specific meaning tied to their lives. How about the name Barack Obama? Let us take a look at what may be hiding beneath the surface…

    “And He (Jesus) said to them (His disciples), ‘I saw Satan fall like lightning from heaven'” (Luke 10:18).

    In the Hebrew language we can uncover the meaning behind the name Barack Obama.

    Barack, also transliterated as Baraq, in Hebrew is: lightning

    baraq – Biblical definition:

    From Strongs H1299; lightning; by analogy a gleam; concretely a flashing sword: – bright, glitter (-ing, sword), lightning. (Strongs Hebrew word H1300 baraq baw-rawk’)

    Barak ‘O’bamah, The use of bamah is used to refer to the “heights” of Heaven.

    bamah – Biblical definition:

    From an unused root (meaning to be high); an elevation: – height, high place, wave. (Strongs Hebrew word H1116 bamah baw-maw’)

    The day following the election of Barack Obama (11/04/08), the winning pick 3 lotto numbers in Illinois (Obama’s home state) for 11/5/08 were 666.

    Obama was a U.S. senator for Illinois, and his zip code was 60606.

    Seek Jesus while He may be found…repent, confess and forsake your sins and trust in the savior! Jesus says we must be born again by His Holy Spirit to enter the kingdom of God…God bless!

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  150. https://topdoctor61.webgarden.cz Picking your upcoming travel spot may not be easy. There are many things to consider the key 1 simply being, exactly where would you like to go? Nevertheless, no matter where you want to go, there isa universal fact you have to address: venturing is stress filled. This short article will give you some tips on lessening the worries and staying away from pitfalls. When travelling out from the region, make certain someone home includes a comprehensive version of the schedule. Make sure they know where by you’ll be remaining where you can method to get in touch with you in case there is a crisis. This really is good in the off case that one thing occurs to you they are able to locate you. Bring an empty drinking water bottle. We all know that taking a whole container water via security is a major no-no. If you don’t need to be trapped spending a premium for bottled drinks soon after protection, bring along your personal empty container to complete at a normal water fountain. In case the faucet water is lower than attractive to you, provide an individual provide package of drink blend to add to the jar. Usually do not expect an airline can make you as comfortable as essential over a air travel. Provide your personal blanket and pillow when you know that you may have a necessity for them, your very own headsets as well. Also consider delivering snacks in order to ensure yourself that you’ll have some thing you want to eat. When you are traveling in countries around the world with harmful plain tap water, bear in mind other ways which you might be subjected. Shut the mouth while using the bath and remember to brush your the teeth just with dealt with normal water. If you make teas or caffeine using the h2o, give it time to boil for several minutes or so before steeping. A little publicity can make you extremely sickly. Remember to package liquids in plastic-type material hand bags. Packing fluids with your travel luggage can cause tragedy. No one wants to look at their luggage and find it filled with spilled shampoo and mouthwash. To prevent this kind of calamity completely, remember to load all fluids in ziplock totes. Be sure to seal the hand bags effectively. Now that you have discovered a couple of ways to be much better ready for your travels, simply follow-through using the suggestions and you will definitely be on the right track to getting a safe and secure and satisfied vacation. Make sure to acquire notes about the following tips and take one final appear before heading, so that you can have a stress-cost-free encounter.

  151. simply click the up coming post If you wish to come to be a professional vacationer, as well as just be certain your future outings all go easily and successfully, there are several approaches to convert any journey practical experience from the only acceptable anyone to an incredible a single. Look at the listed below suggestions to discover how to create your travels trouble-free and pleasant. When you journey typically, spend money on little reusable plastic bottles. You will discover reusable containers at many big supermarkets. Adding your normal hair shampoos and conditioners within these tiny, reusable containers is far more cost efficient in the long term. Vacation size toiletries tend to be very expensive for the little bit of merchandise inside them. Produce a listing of what you should load. The instant you know you’ll be vacationing, start off a listing of everything you need to load up. Although you may in fact load up the things at the previous minute, you can still be arranged and avoid packaging pointless items. Provide a vacant normal water container. We all know that delivering a complete bottle water by means of safety is a huge no-no. If you don’t desire to be trapped having to pay reduced for bottled liquids soon after stability, take along your own vacant package to fill with a drinking water fountain. In the event the plain tap water is under attractive to you, take a single provide packet of consume blend to enhance the bottle. When traveling international to many other countries it might be extremely important to be aware of culture from the region a single will almost certainly. This knowledge can stop conditions which might be akward, humiliating, or perhaps downright hazardous. Probable problems may be eliminated then one will have a much better knowledge about individuals in your community they may be traveling in. A very good way to reduce charges in your after that journey experience is usually to allow for overall flexibility of your own air travel date. You may virtually save several hundred dollars simply by shifting the day of each week you are likely to take flight, as some times while in periods of substantial vacation are certain to be loaded with excessive expenses. As depicted within the article’s commencing, journey exposes anyone to many different people, encounters and methods of lifestyle. It doesn’t just mean likely to unique areas, it could just be meandering throughout America, taking in the many various places of daily people. This informative article seeks to awaken the desire traveling inside you.

  152. Resource Travelling is a very individual process to everyone. It requires specific requires of the person, in addition to personalized getaway planning and investing. This substantial community has so many areas, places, and techniques that it may appear a bit confusing concerning where you have to start. These guidelines may help you appear sensible from the misunderstandings. The recommendation “don’t drink the water” when you visit a foreign nation is, however, correct. However, also you can have intestinal tract upsets when you drink water from the place apart from where you live, in the You.S. That’s since the microbe flora that live within your gut (digestive tract) are very sensitive to the structure of your personal drinking water, in your own place. It takes them a while to get accustomed to water from in other places, and for now, they need to press that not familiar h2o through. So before you get accustomed to the local drinking water, everywhere you will be, sip little by little or stay with bottled H20. Locate a restaurant close to your motel if you plan to be longer than over night. Even though many accommodations have dining places developed directly in, these kinds of eateries is going to be unfortunate, general issues supplying very little to consider. By finding a neighborhood bistro inside straightforward journey distance you will get entry to a little bit of local colour. When planning for a street vacation, don’t overlook to plan for the price of fuel. While many other costs can be measured upfront, the expense of petrol is more tough to body, and will also tally up remarkably easily. Online gas calculators can present you in which the least expensive costs are and assist you in getting a concept of what you’ll be shelling out. When you are traveling to an alternative region, make certain that you’re ready to accept diverse neighborhood customs. Ideas could possibly be odd, but be polite of other civilizations. Not showing respect instead of watching neighborhood customs can be a actual downer to your journey causing you to not really feel accepted inside a metropolis. Simply because stability will not allow you to secure your luggage, you operate the risk of the zippers emerging undone and your possessions leaving a trail country wide and around the baggage assert. To help you protect against this, use zip ties, which hold the zip jointly, but could be cut off (with tiny charge for your needs) by stability, if required. So regardless if you are planning for a vacation for one particular person or for the clan, odds are very good that you could work with a tiny assistance in generating plans that may go away from without having a problem. Remember the suggestions in this post to maintain issues moving easily throughout your journeys.

  153. Although traveling to new destinations is an excellent practical experience, there may also be considerably tension. Fortunately, this article will help ensure your getaway is enjoyable. The details positioned below will make sure you appropriately prepare an incredible trip. When traveling, load up lots of snack food items and chew to them each day. Snack foods that make you stay satisfied longer are best. Some good tips are walnuts, dehydrated fruit, cashews, whole wheat grains crackers, and beef jerky. Once you load up treats that fill you up, spent less money on food. In addition, it maintains your energy in order to do much more view-viewing in the daytime. Experiencing earplugs handy while on a trip helps you to save your rest and sanity! Whether it be on the airplane or even in your accommodation, the use of earplugs will enable you to close out no less than fifty percent of the noises that provides you with a head ache, prevent you from resting, or otherwise showcase traveling within a negative way. Also, they are cost effective so deliver plenty. Take a look at substitute areas to remain. You don’t generally have in which to stay a accommodation to feel happy on vacation. There are lots of “property-swapping” web sites available, which let you stay in someones empty house. Look for cabins or mattress and breakfasts. Different accommodations can be many of the most interesting and fun areas of travelling, so make sure to take a look! When deciding what to wear on your own toes whenever you go on the plane ride, remember that you will certainly be most comfy in footwear that slip away very easily. Crocs or change flops work best because they could be removed or put on instantly. The economic system becoming inadequate and cash getting hard to come by is not any alibi to avert this year’s holiday. Equipped with the recommendations from this article, you have to have no difficulty creating your following trip as affordable because it is memorable.

  154. Travelling is undoubtedly an escape from the mundane, a means to are living out your wildest goals. While traveling to a different spot is enjoyable for pretty much anyone, the headache and pressure of producing vacation ideas are felt by many people people. These article has tips will make preparation your vacations much simpler. When traveling, it is essential to ensure your air travel will suit your needs. Different airlines preserve different niche categories. Some are economical, some provide superior services, and a few meet the needs of significantly more places than others. Before you decide to guide any trip by aircraft, investigation diverse airlines initial. It will save you a headache. Get an additional credit credit card along with you while on a trip. Stuff sometimes go missing on long trips. Whenever you can, keep an extra debit credit card convenient. Experiencing excessive money on hands is usually a awful strategy. Another debit greeting card is much less high-risk and much easier to monitor. When selecting a spot to go to, there is not any far better way to obtain info compared to a other traveler. Other vacationers with a similar demands and programs, can tell you what places are need to-sees and what locations you should try to stay away from. No manual can replace the 1st-palm experience with another individual or household. When determining what to wear in your feet whenever you go with a plane trip, keep in mind that you may be most comfortable in shoes or boots that move away quickly. Crocs or turn flops would be best since they may be taken off or put on instantly. So regardless if you are arranging a retreat for starters individual or for the entire clan, chances are excellent that you might use a little assist in generating preparations which will go off with out a hitch. Remember the assistance in the following paragraphs to help keep issues moving easily during the duration of your journeys.

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