Friday, 2 May 2008

A Small Part of Taib Mahmud & Family's Corporate Empire

The Taib family group of timber companies has provided funds for the chief minister to become vastly wealthy and to reward or buy political loyalty, including that of Iban leaders.

However, the sum total of the Taib family’s personal wealth seeking and patronage activities goes far beyond the timber sector. The family runs a well-diversified financial empire with interests in building materials, construction and finance.While timber holdings are important, it is in the context of their allowing the Taib family to multiply its wealth and satisfy patronage objectives that the family's control of 20 timber concessions should be understood. Detailing the Taib family’s non-timber economic activities is an important undertaking because it demonstrates the extent to which rent from Sarawak’s forests is recycled to meet the financial and political objectives of the Taib clan, rather than being formally captured by the government.

Source:http://www.malaysia-today.net/2008/content/view/6909/84/


Some thought:

The "Tahi" (shit in Malays) has been around and roaming the street and jungle of the land of the hornhill for donkey years. It is an open secret in this petroleum and timber rich State as to the "integrity" of this "First" family. Ironically, for donkey years, the people of Sarawak are not able to do anything to change the status quo. Firstly, the Tahis were being "protected" by the former PM until the Shit grow so big that the present PM hardly can stand nearby let alone rock this big pile of shit. To make the matter worse, now the old Shit and give birth to a little shit whom the "wise" electorates of Samarahan had their given support to and whom has become an MP of Malaysia at the recent March 8 General Election. What a shame the police and ACA is doing nothing. I think many of us who just simply give up and decided to leave the stupid place for good.




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