RM30 BILLION FINANCIAL FIASCO WAITING TO EXPLODE? WHAT ARE PM NAJIB AND THE CHIEF SECRETARY TO THE MoF UP TO?

by bamboo lego abdullah, donplaypuks® intrepid correspondent for bumiputra con-struction and infrastructure con-tracts

Sometime in 2006, Pembinaan PFI (PPFI) was incorporated as a wholly owned subsidiary of the Ministry of Finance (MoF), as part of the government's initiative to garner Private Finance Initiative funding under the 9th Malaysia Plan (RMK-9) for public infrastructure projects i.e. funded from private capital.The main beneficiaries of the PFI funding were to be smaller Bumiputra contractors.

No sooner was the company incorporated, the MoF discovered, surprise, surprise, that private capital was not exactly champing at the bits or salivating and smacking its lips to throw money at inexperienced Bumiputra contractors with little track record to undertake large public infrastructure contracts. The expected stampede of Malaysia's mollycoddled home-grown entrepreneurs (read as fraudtrepreneurs) beating a hasty path to the doors of PPFI was largely conspicuous by its total absence.

So, true to form, some financial genius at the MoF came up with a convoluted, but really quite imaginative and brilliant creative scheme, so that RM 30 billion could be raised. After all, if PM Najib, who is also the Finance Minister, and his head honcho Chief Secretary to MoF, Mohamad Irwan Serigar Abdullah, had decreed it, the project that cannot, must not, shall not and is too big to fail, like the RM46 billion indebted 1MDB, must go ahead. 

It is likely that they also consulted the Minister in the Prime Ministe's Department in charge of the EPU (Economic Plundering Unit, to some, Economic Misplanning Unit to others), Tan Sri Nor Mohamed Yakcop. He was also Minister of Finance II between 2004-2009. Nor Yakcop has an extraordinary, interesting and chequered past to say the least. In the early 1990's he was THE forex trader who asked to leave Bank Negara Malaysia (BNM), in the wake of some RM6 billion in forex losses incurred while, by all accounts, BNM gambled wantonly and merrily on the US dollar. The scandal was only exposed when Lim Kit Siang of DAP questioned then prime minister Mahathir Mohamad in Parliament about a RM6 billion "hole" in BNM's balance sheet. Mahathir swiftly responded with copious servings of over-sweet maple syrup and double waffle quaffle. 

Some years later, Anwar Ibrahim revealed that the actual losses were closer to RM30 billion, and had been concealed by creative accounting, whereby revaluation paper gains from gold and other reserves were netted off against the RM 30 billion forex losses. (Is there a link, I wonder, between this sleight-of-hand and 1MDB concealing cash operating losses of some RM3.5 billion with paper gains of RM3.6 billion from revaluing the Sungei Besi land given away at below market price by the government to 1 MDB? I mean what are the chances that Nor Yakcop was not consulted by PM Najib vis-a-vis 1MDB?).

Bolihland's (crooked model of) Warren Buffets had spoken, and lo, come hell or high water, no opposition shall be brooked! Faster than you could say "Don't you dare touch the EPF", a scheme was synthesised to milk the Employees Provident Fund (EPF) for RM20 billion and possibly, more. We must admire the cracking and crackling minds that hatched up this structure:

1. The Federal Lands Commissioner (FLC) leased out 186 parcels real-estate from its land bank all over Malaysia, to PPFI. The consideration for the lease was "a nominal sum", presumably RM1.Was this give-away price in the national interest?

2. PPFI in turn sub-leased the same 186 parcels of land back to FLC for RM29.18 billion in rentals, payable semi-annually over 15 years between 2013-2027. Mathematically, if RM29.18 billion is discounted backwards at the rate of perhaps (I am too lazy to work out the exact rate) 8%, the net present value of it would probably be equal to RM 20 billion.

3. PPFI then used the security of the land it did not own to borrow RM20 billion from EPF. It's not clear what due diligence EPF did on the 186 parcels of land and how they valued it. E.g, if PPFI wished to borrow RM20 billion, the the land value, assuming 70% margin, should be close to RM30 billion. Who carried out the valuation and on what basis. How much is raw unconverted agricultural land in the boondocks worth, 50cents per sq. ft.?

4. In 2013, PPFI raised another RM10 billion, though who it borrowed this money from has not been disclosed. Presumably, more land was leased and sub-leased by government decree.

5. Up to 2013, some RM23.5 billion out of RM30 billion had been "disbursed" by PPFI. However, who the beneficiaries were or for which infrastructure projects, has not been revealed to the Rakyat! It's a big secret.

6. With RM30 billion worth of land, PPFI was next to Petronas, Khazanah and 1MDB, the largest borrower, and the second largest land-owner, in Malaysia.

7. PPFI's audited accounts for 2013 have not yet been filed.

MoF Chief Secretary Mohamad Irwan Serigar has not responded to any enquiries about this project by the press or DAP MP Ong Kian Meng who first broke the news in 2015. CLICK HERE and HERE. 

It was followed up with a full expose by Kinibiz.CLICK:

HERE 
HERE 
HERE 
and HERE . 

Basically, the government is renting back land for RM29.18 billion that it had no other use for (and therefore must have a very low valuation) and still does not, and that it owned and previously did not have to pay a cent for in rentals!!

Now here is the coup de grace. The Persatuan Kontraktor Melayu Malaysia (PKMM) or the Malaysian Malay Contractors Association hasn't a clue about PPFI or a cent of its RM23.5 billion "disbursements". So, who and for what did PPFI dish out these billions of ringgit?

And, how is it a private finance initiative, if at the end, it is the Taxpayer who will be coughing up RM29.18 billion over 15 years so that the FCL can pay PPFI so that it can repay its RM30 billion loan to EPF and other mysterious lenders?

You can bet your bottom ringgit that when these kinds of twisted company structures are set up, no good will come out of it, just as in the case of 1MDB and dealings with PetroSaudi and Jho Low's Good Star Ltd. in the Cayman Island and Switzerland. You can also see the same mind working on the PPFI scheme as in 1MDB - very low capitalisation and unheard of gearing/borrowing using sovereign funds and guarantees, RM 46 billion vs RM 30 billion!!

When Chief Secretaries to Ministries and the Prime Minister who is also the Finance Minister are not open and forthcoming at all to legitimate questions posed to them by elected MP's, it's a safe bet that some ugly deal is behind it all, and like 1MDB, the failure of such machinations resting on quicksand and bamboo-stilt foundation, will rock the financial stability of the country like no other. What exactly is the Chief Secretary to the Government, Tan Sri Ali bin Hamsa monitoring besides ESSCOM?

Is the contract between FLC and PPFI legal or can it be construed as a phoney one, similar to that between 1MDB and PetroSaudi?

Who are the auditors, and did they carry out in-depth audit checks to ensure the RM23.5 billion actually went into the hands of bona fide Bumiputra contractors, or did PPFI use the money for some other dodgy purpose, as did Jho Low with 1MDB's US$700 million? Do have fearless bloodhounds as our trusted guardians, or sedated watchdogs, poodles and lap dogs?

What are BNM and the Auditor General's take on this? Are they going to wait for a $700 billion sub-prime like crisis to explode before they engage the 1st gear? 

Why the total silence from PM Najib, MoF Chief Secretary Mohamad Irwan Serigar Abdullah, The Chief Secretary to the Government Tan Sri Ali bin Hamsa, BNM and the Auditor General?

As the saying goes, "Oh, what a tangled web we weave, when we (continue to ) seek to deceive!"

 Donplaypuks® with PPFI man!

CYA (COVER YOUR ASS) PROGRAM BEGINS AT 1GROSSMAJIB DEVELOPMENT BOARD (1GDB)!

by 1bernie madhoff, donplaypuks® intrepid correspondent for global CBT and fraud affairs

Well folks, before you could say CBT and fraud at 1GDB, PM Grossmajib who wears the pants, together with her husband who wears the skirts, have swung into rapid action to initiate a massive cover up of the international stink emanating from the financial affairs, investments and borrowings of 1GDB.

But let's dispel some myths and misapprehensions under which most lay people are labouring under:

1. As at 31st March 2014, 1GDB's total borrowings and debts, excluding trade payables, was almost RM46 BILLION and NOT RM42 BILLION. This is because most have failed to spot that while bond and bank borrowings total some RM42 BILLION, included in 1GDB's balance sheet is an additional RM4 BILLION OF DEBTS classified as DERIVATIVES.

Derivatives were very popular in the '80's and 90's, but became a dirty word and re-named JUNK BONDS after billionaire financier Michael Robert Milken (dubbed the "Bond King") caused the collapse of Drexel Burnham Lambert, one of Wall Street's largest investment banks. In 1989 Milken was convicted of racketeering and securities fraud, fined US$600 million and sentenced to ten years in prison! Refer http://en.wikipedia.org/wiki/Michael_Milken

So, who did 1GDB issued these RM4 BILLION of corporate (junk) bonds to, at what tenure and at what stratospheric interest rates and premiums?

2. 1GDB owes its existence entirely (100%) to Grossmajib who has been its Chairman from day one. Therefore, the statement by the PMO that PM Grossmajib does not handle the day to day affairs of 1GDB deserves the same consideration and treatment that most statements from the PMO these days deserve - to be flushed down the toilet, quickly before we are overcome by its toxic fumes. The buck stops with PM Grossmajib and if CBT and fraud are exposed, his neck is the first one that ought to be lopped off.

3. The key question about 1GDB's dealings with the Saudi's is not whether the capital (plus some US$488 million profit?) was returned to 1GDB. It is whether 1GDB's agent, the Grossmajib's toy-boy Jho Paris Hilton, committed CBT (Criminal Breach of Trust) and Fraud with 1GDB's money, alone or with the connivance of th Grossmajib's, 2 resigned CEO's, directors and auditors of 1GDB? 

4. Did BUMNO/SCUMNO receive generous "donations" from Jho Paris Hilton's off-shore companies before GE 2013, as they did some RM 250 million from 2 Plc's who had sold their IPP's at a whacking premium to 1GDB?

5. Did Jho Paris Hilton misuse 1GDB's sovereign status to bid for three top hotels in London?

6. Did Jho Paris Hilton misuse 1GDB's money to buy out a certain bank owned by a certain ex-Chief Minister of Sarawak at a whacking premium, and thereby commit CBT and fraud? How much profit did Jho Paris Hilton make for himself from these and the Saudi transactions as opposed to 1GDB?

7. While Goldman Sachs International (GSI) claims it did not pay out commissions, fees or expenses to anyone other than their staff and professionals from the incredible US$500 million (10% as opposed to the norm of 0.25% - 1%) it charged 1GDB for being its bond master, it cannot have escaped notice that a Singapore based Malaysian GSI banker who was principally behind the entire program, resigned from GSI in April 2014. Who was his initial contact in 1GDB - Jho Paris Hilton, the Grossmajib's, Reza? Who approached him for the bond issues? Is it possible he was acting as a front for Jho Paris Hilton and the Grossmajibs, but GSI was not aware of it? If pigs could fly, yes!

Next, newly appointed CEO Kaunda Kundi began defending the Grossmajib and 1GBD even before he could possibly have read 10% of the thousands of documents and emails in his files or understood the complex financial wheelings and dealings of the Grossmajibs and their toy-boy, Jho Paris Hilton. This is a sure sign of a gooli massager handpicked by PM Grossmajib and his PR machinery, in the wake of the relentless pursuit by the gloriously sleuthing Sarawak Report to continually expose endemic corruption and economic pillaging, plunder and looting by the Grossmajibs, BUMNO/SCUMNO and a certain Chief Minister of Sarawak who is reputed to have amassed wealth estimated at US$60 BILLION!.

Why else would Kaunda Kundi order all staff to erase all data from their computers if not to cover up past misdeeds of the order of Atlas? The old adage that if you have done nothing wrong, you have nothing to hide or fear applies here.

You will also notice Kaunda Kundi making statements such as "I have not seen any or come across any documents...I am not aware of...." which is of course PRspeak (or plain outright lies) when you seek to deceive. Technically, he is right; only technically. He may not have come across any incriminating documents, particularly, if the files have been kept away from him by the Grossmajibs or the 2 CEO's who resigned. But that does not mean everything is kosher at 1GDB. Kaunda Kundi knows this for sure. It's obvious he's braving it out as his remuneration, perks and bonus compensation must run into the tens of millions of US dollars!

With the announcement that 1GDB will now be audited by the Auditor-General, PM Grossmajib is seeking to buy some time from the knock-out blows rained upon 1GBD and him by Sarawak Report. Make no mistake, Sarawak Report is out to expose corruption and crime. There is nothing political in it for them and Claire Rewcastle is not bidding to be the next PM of Malaysia or seeking a direct-nego multi-$Billion give-away sweetheart deal contract from PMO, with built-in kickbacks to BUMNO/SCUMNO.  Nor is The Times of London plotting with Zionists/Satan USA/Rogue Chinese Traders for regime change in Malaysia.

This is investigative journalism at its best. The documents and email they have disclosed reek of  massive criminal conduct by 1GDB, Jho Paris Hilton, some Saudis, UK/USA bankers and BUMNO/SCUMNO's IPP cronies who fleeced it for billions. E.g., instead of buying the IPP's for a song, they ended up paying $billions and then immediately wrote-off goodwill impairment of some RM2 billion in its accounts. Jho Paris Hilton set up off-shore dummy corporations to facilitate CBT and fraud. The PetroSaudi deal is a straight out-and-out case of CBT and fraud.

PM Grossmajib did not state what the scope of the AG's audit would be. Would it go back to day 1 and the deal with the Saudi's? Would the AG be looking at the thousand of email and documents revealed by Sarawak Report? Would the AG merely look at whether the Saudi's returned the money to 1GDB's bank account or go for 'substance over form' audit? Would the AG look at these donations made by the IPP Plc's and money transfers between Jho Paris Hilton and Reza and the Grossmajibs, and how the Grossmajibs acquired their millions?

More than that, by any account, 1GDB is technically insolvent. It's RM 1million paid up capital has been wiped out by cash operating losses masked by paper profits from continual revaluation of land gifted to them by the Rakyat (citizens) and the Federal Governent (read as PM Grossmajib and BUMNO/SCUMNO). It has been kept afloat by issuing new bonds (substantial sums of it guaranteed by the Government) to retire expiring ones. This 'teeming and lading' fraud is bound to catch up on 1GDB since it has insufficient cash flows (dividends from IPP's) to service ever-increasing bond, junk bond and loan interest and flotation costs.

PM Grossmajib should be fired today anyway since it is his disastrous business model of capitalising 1GDB at RM 1 million and borrowing RM46 billion that has paved the way for the looters, fraudsters and CBT criminal like Jho Paris Hilton and the Saudi mafia to profit at our expense. Which sane businessman or PM/economist/finance minister in his right mind would gear up with a debt:equity ratio of 46,000:1?

Whatever excess cash 1GDB raised has either been invested in quoted/listed foreign funds which, if sold now, would result in an unacceptable huge loss, or has been loaned out (fraudulently) without adequate security or properly documented contracts to the likes of the Saudi's and private corporations which just now cannot/ will not return the moneys. This has to be the reason 1GDB is unable to service its debts as and when they mature, and why they are hiding these "investments" in the balance sheet behind carefully worded items such as "segregated portfolios" which are not written down to current market values. One of 1GDB's $Billion fund managers is a unknown Hong Kong based firm handpicked by Jho Paris Hilton. This is why 1GDB has not posted it's full or abbreviated financiastatements ever, at its official website!

It is obvious to anyone who has a modicum of intelligence, that PM Grossmajib is laying the foundation to place the entire blame for this RM46 BILLION fiasco and fraud on Jho Paris Hilton and his mafioso gang. PM Grossmajib, his 35-strong (wooden IKEA) Cabinet, the 2 ex-CEOs and their financial controllers, the 3 audit firms and new CEO Kaunda Kundi will eventually wash their hand off it all, claiming they were diddled by Jho Paris Hilton, who will never be brought to trial in Malaysia, as he will be holed up somewhere in Beverly Hills, California, USA sipping Pina Coladas, Singapore Gin Slings, Pearl of The Orient and Darling Sir Francis Light cocktails, partying with showbiz glitterati and the Grossmajibs, Reza and the Wall Street Wolves in New York, Paris and St.Moritz and laughing all the way to the untouchable banks in Cayman Islands and Switzerland.

Donplaypuks® with an insane PM!

AGGRO AGRI-AGRO MINISTER CLAIMS ZIONIST/ISLAPHOBE PLOT TO UNSEAT HIM FROM OLD TOWN COFFE PLC!

by mao zedong, donplaypuks® intrepid correspondent for ministers and prime ministers affairs

Minister for failed Agro Agri regional hub for plastic refrigerators for fish, Ishmael Sabitch Jacob, today denounced statements attributed to him in his Facebook page urging Malays to boycott Chinese businesses such as Old Town Coffee Plc from profiteering at the expense of the Malay-majority populace. A visibly upset Sabitch claimed it had all the earmarks of 12-year old hackers from Russia, China, and Bangalore, and Zionist, Islamaphobe and Communist Chinese plotters. He vehemently denied having written that:

"The majority of consumers are Malay, Chinese are a minority. If the Malays boycott their businesses, they will surely have no choice but to reduce their price. Malays are still refusing to boycott ‘Old Town White Coffee’ what more when its owner is said to be the DAP Ngeh family of Perak who are known to be anti-Islam. As long as the Malays don't change, the Chinese will take the opportunity to oppress the Malays. I am referring to Chinese traders who are reluctant to reduce the prices of goods even though the price of petrol has come down. What I want to emphasise is for people not to depend solely on the government to ensure the price of goods comes down because as consumers, they can use their power to pressure businesses. Imagine, many Chinese eateries have no 'halal' logo and they have been raided a few times and caught because their 'halal' certification is suspect, (but) Malays continue to crowd these restaurants, when there are thousands of Malay restaurants which are genuine 'halal'."

"Where is is the proof? I will not apologise! What is there to apologise about you stinking chinks!" he thundered while deleting the relevant Facebook page. "I never said Chinese traders, I only said rogue traders, meaning Malay, Chinese, Indian and Others ROGUE traders. To prove my integrity, sincerity and honesty and that I have nothing to hide, I produce below the original post BEFORE it was hacked and defiled by the Russian, Jewish, Indian, Chinese and Other conspirators:

"When in the Course of human events, it becomes necessary for one people to reinforce the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation. We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, the pursuit of Happiness and the right not to be exploited by profiteering-minded Malay, Chinese, Indian and Other rogue traders. 

That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness."

 The immediate response from Yosef Kracko Korupt, Minister for National (dis)Unity was scintillating and instantly becalmed those urging the IGP to arrest the rogue Minister for seditious writings:

"Ishmael Sabitch Jacob's words were well-intended to spur racism and riots and to distract the citizenry from guaranteed rise in prices from GST due to be introduced nationally by the BUMNO/SCUMNO government in April. to encourage the Malay people to take the law into their own hands do their own enforcement. Read his original writing above. He should be awarded the Nobel Prize for, er...., World Piss Peace, no?"

Meanwhile, Prime Minister Grossmajib who wears the pants, and her husband who wears the loin cloth and Mongolian skirts, responded with a press release from the PMO with well-intended fine words calculated to sooth fraying tempers and global calls for Ishmael Sabitch Jacob to be given the boot forthwith from the (IKEA wooden) Cabinet. Here is the original version with corrections by PMO's 5th floor spindoctors:

"WE note that Ishmael Sabitch Jacob had (and this is terminological inexactitudiness) only insulted all traders, not just the Chinese one thype of ethnically oriented yellow-skinned people from the land of the yellow communists dragon. Ergo cogito, no race one should feel racially insulted or threatened since the Chinese they were not individually targetted (that's brilliant, yang, like the Altantuya and Ropiaah case!). WE have nothing to say about the blatant lie by that stupid low IQ troglodyte git Minister who should be dropped from the top of the Petronas Tower, the right (dis)honourable Minister Ishmael Sabitch Jacob's disclosure that the Ngeh family owned shares in Old Town Coffee Plc or that they were anti-Islamic. This is not about one man, one company, one 3-in-1 coffee, one tea shit whatever or one Islam. Malay Consumers must be smart and boycott all Chinese unprincipled establishments. Although WE control ALL permits, licences, approvals etc. for timber, rice, sugar, salt, chemicals, oil, airlines, bulbs, bread, beef, mutton, chicken, shipping, petrol stations, energy etc. etc. it is the fault of the Chinese rogues, George Soros and Tong Kooi Ong of The Edge, when the economy crashes, currency plunges, prices spiral and all the GLC's and monopolies (granted by US) go belly up. WE repeat, the RM42 billion bond debt and RM2.5 billion junk bonds derivatives loan debt will not sink 1GrossmajibMDB1MDB and Malaysia; Kanda and Lodin will see to it successfully. There is no rumour to the truth that Minister Sabitch will soon be posted to Outer Mongolia as Ambassador or be appointed as Chairman of the monopoly Quango RM2 (but with RM2 billon "soft" no specific repayment government loan and with no relevant experience) company for Norwegian Salmon Farming in Tropical Sea Waters. We call for all Malays to close ranks against all the Chinese economic plunderers, looters and saboteurs for national unity. Sieg Heil!" PMO.

Elsewhere, Ms. Mohini Sabitch from the Malaysia Indian Curangu (Monkey) Party, did her best to save the day for the Sabitches when she supported Minister Sabitch:

"Minister Sabitch is fucking right. This is not being racist. Who benefits from the price control? It is all of us and especially the Chinese because of Chinese New Year which is just days away. They are going to spend the most now. Get it right, Minister Sabitch controls the prices which have risen astronomically for the benefit of the Chinese. Is that wrong? Is that racist?”

Ms. Mohini Sabitch was last seen being escorted gracefully into the boot of her China-made Cherry car by party chimps and gorillas from the Malaysia Indian Curangu (Monkey) Party. 

 Donplaypuks® with gaji buta (sinecure) IKEA wooden Cabinet Ministers, man!

BREAKING NEWS! PM ANNOUNCES NEW MINISTERIAL POSTS!

by Birkin Bags Under The Eyes US$24 Million Jacobs Diamond Grossmahjib , Donplaypuks® intrepid correspondent for (wooden) Cabinet affairs at http://donplaypuks.blogspot.com

In view of the massive and sudden increase in Malaysia's population to 30 million, and the under-representation of the underclass in the nation, PM Grossmahjib and her husband who wears the skirt, Bijan, announced Thursday, a minor (IKEA wooden) Cabinet big-bang explosion and the immediate creation of several new Ministerial posts.

Here is the incomplete list of new Ministers:

1. MINISTER FOR ESSCOM
E.S. Shanker

2. MINISTER FOR ASS-COM
Kim Kardashian & Jan Selter

3. MINISTER FOR FAKE KANKUNG AND FAKE $1 CHICKEN
Bijan, holder of faked degree in Industrial MsEconomics, who also holds the positions of PM and Minister of Ms.Finance
Deputy Minister - My1din

4. MINISTER FOR MANGOSTEENS, LITHIUM ION BATTERIES AND DUKUS
Go-stan Jauh-hari, ex-CEO of Mana Ada Sistem Airlines

5. MINISTER FOR STOLEN PASSPORTS
'Don't Ask Me' Interpol Ash Burn, ex-IGP  

6. MINISTER FOR CONSCIENTIOUS REPORTING OF INCEST, RAPES & STATUTORY RAPES BY NON-MALAYS ONLY (SINCE MALAYS ALREADY CONSCIENTIOUSLY REPORT IT)
My1 Junaidi

7. MINISTER FOR FRAUDTREPRENEUR ALI BABA RICH CRONIES
 Apanama I Forget, Maha Firaun aka Iskandar Kutty

8. MINISTER FOR ENDEMIC SUDDEN DEATHS BY CHEST INFECTION AND NOT BEATINGS AT POLICE STATION LOCK-UPS
 'Slap in the face for $501' Rubber Truncheon Ahmad Hamidi

9.  MINISTER FOR IDENTIFYING BLACK IRANIAN NIGERIAN ITALIANS
Mario Azaharuddin Balodonttellem, DCA.

10. MINISTER FOR INSTANTANEOUS RESPONSE TO RADAR BLIPS
X-Ray Charles Rodzali David , ex-Air Force Chief

11. MINISTER FOR SCIENCE, ADVANCE PURE MATHEMATICS & SEARCH AND RESCUE (SAR) MISSIONS
Dato Millionaire Raja Bomoh & Ptnrs (Buy 1, Free 1 Consultation)

12. MINISTER FOR GOLF, BELLY DANCING, TRAVEL CUM STUDY (LAWATAN SAMBIL BELAJAR) AND OTHER $ MILLIONS OF FREELOADING AND CHEAPSKATE CONDUCT & HOLIDAY TRAVEL AFFAIRS WHOLLY, EXCLUSIVELY AND NECESSARILY AT TAXPAYERS' EXPENSE
FLOM FLOP Black Rose, the PM who wears the trousers
Deputy Minister - Bijan, the husband who wears the skirts

Deputy Deputy - Mopeydopeygrumpydin , the deputy who wears nothing

13. MINISTER FOR GOODS & SERVICES TAX (GST)

Outsourced for $1 deposit, concession period of 250 years and commission rate of only 5% to My Excellent Grandfather, Cronies and Ptnrs Genuine Donations and Not Kick Backs to BUMNO/SCUMNO Plc.

Have I missed out any new Ministers?
 Donplaypuks® with gaji buta new and old Ministers, man!

THE ASTONISHING SINGAPORE STONE

by e.s. shankar

(click on pics for enlarged view)

Among the 10 artifacts listed as National Treasures (CLICK HERE) and displayed at the Singapore National Museum is the intriguing Singapore Stone with its links to the Sejarah Melayu.

As with the successful effort to have the 1535 Sejarah Melayu or Malay Annals (CLICK HERE) translated from Classical Malay in Jawi script to English and the excavation in Central Java, Indonesia of the Borobudur (CLICK HERE), the largest Buddhist monument in the world, the discovery of the Singapore Stone owes much to Sir Stamford Raffles, recognised as the British founder of modern Singapore (in 1819).

Of course, the Sejarah Melayu is the first to mention the name Temasik as the old name for Singapore, and credits its founding somewhere between 1000-1300 CE to Sri Tri Buana/Sang Nila Utama, one of three Indian princes who landed in Palembang in Sumatra, Indonesia. This again is linked in some way to the 10th century CE Chola (South India) invasion of South East Asia (CLICK HERE). It is also pertinent to understand that prior to Raffles' annexation of Singapore, it was owned by the Johor Sultanate of Peninsular Malaya.

Soon after Raffles arrived in Singapore in 1819, efforts were undertaken to widen the mouth of the Singapore River, when Bengali workers discovered a 10ft by 10 ft sandstone slab bearing inscriptions which till today have not been deciphered. Experts reckon the script used is Sanskrit, Tamil or a mix of those with Jawi. Professor John Miksic of National University of Singapore, who carried out a remarkable excavation at Fort Canninig (Bukit Larangan or Forbidden Hill) and its Keramat Iskandar (Alexander) (CLICK HERE), is  quoted as saying that these inscriptions will never be deciphered, though this sound a little strange when you consider that the secrets of the Rosetta Stone and the Dead Sea Scrolls have all been laid bare through intense studies and inspirational endeavors.

Inexplicably, the Singapore Stone was blasted to pieces by a British philistine, and it was only through the efforts of the likes of Raffles, James Prinsep and James Low, translator of the Kedah Annals (CLICK HERE) and discoverer of Bujang Valley in Kedah (CLICK HERE) that pieces of the stone were retrieved for study. Some pieces were sent to the Calcutta Museum where they presumably lie dormant till today!

What is the link between the Singapore Stone and the Sejarah Melayu?

Chapter V Pg.64-70 of the Sejarah Melayu narrates the story of a war chief strongman, one, Badang, presumably a local Malay. The chapter begins with:

"Here now is the story of Adirama Raja Mudaliar, a son of Raja Chulan (Cholan). He was Raja at Bija Nagara (Vijayanagar) and had a son named Jambuga Raja Mudaliar.....who had a daughter, Princess Talai Puchudi."

The Raja of Keling (Kalinga/India) agrees to a proposal from the ruler of Singapore, Paduka Sri Pikrama Wira, for his son, Sri Rana Wikerma, to marry Talai Puchudi. The wedding takes place in Singapore.

"Now King Sri Rana Wikerma had a war chief, called Badang, who was possessed of very great strength. Badang originally came from Sayong on the mainland (Johor?)....Later the news reached Kalinga that the Raja of Singapura had a war chief possessed of prodigious strength. Now the Raja of Kalinga had among his champions an enormously powerful man, and.....commanded this man should go to Singapura with seven ships.....to pit.....in a trial of strength against the war chief of Singapura. If he defeats you, you will pay to him as the stakes of the match the contents of the seven ships. But if you defeat him. you will demand the value of the goods in the seven ships.

In every encounter between them, the Kalinga champion was worsted by Badang. Now in the front of the hall of audience there was a huge rock..thereupon the Kalinga champion tried to lift the rock and failed.....Badang lifted the rock.....and hurled it to the far bank of Kuala Singapura. That is the rock which is there to this day on the extremity of Tanjong Singapura.

...And after a while Badang died and was buried at Buru. When news of his death reached Kalinga, the Raja of Kalinga sent a stone for his grave, and that is the stone which is there to this day."

Astonishing is it not? An episode in the Sejarah Melayu, which even many Malay historians dismiss as a hotch-potch of fables and legends, gives you an exact link to the Singapore Stone, which is no figment of anyone's imagination. The Singapore Stone is either the marker of Badang's grave or a recognition of his prodigious feats.

Of course, Badang did not merely hurl a huge rock for a place in history. The likely scenario is that the Badang story and the Singapore Stone commemorate a great victory by the Indian/Hindu King of Singapore who had brilliant generals like Badang assisting him in defeating an invasion by some King from South India (Kalinga). The Indian ancestry is irrefutable as the Sejarah tells us in no unclear language that the daughter of the Indian King married the son of the Indian ruler of Singapore. All have Tamil names - Talai Puchudi translates from Tamil as Head of Flowers.

We must subject the legends in the Sejarah Melayu to tests of reason and logic, to unravel the truth behind them.

As for deciphering the Singapore Stone, I am sure that collaboration among experts from Singapore, Indonesia, Malaysia and India should produce positive results. If that does not work, we'll have to shout for help from the West!

CLICK HERE FOR WIKIPEDIA ON THE SINGAPORE STONE