Taib ~ Sarawak

When people of Sarawak voice out their concern and worries about their chief minister Taib who been in the reign of power for more than 30 years, I remember an email I received month ago about the financial status of Taib’s family.

Of course everyone knows about the well known Taib’s financial status and his daughter who owns a second most luxurious house in Canada.

Besides his daughter, Taib manage to up bring and used his influence to place his son in the State cabinet.

Merely this is his plan to save guard the wealth and at the same time to venture new opportunity to make more money by keeping his influence in politics.

While many in Sarawak still living as a native and still naive, Mr Taib manage to wallowing in wealth with business that allow him to build an empire in Canada.

With about RM20,000 pay from his chief minister post, many question arisen how in the world he made so much and yet stay in power?

Does this not known by the federal ministers?

Or they were kept quite by RM notes.

According to one of the web sites, Taib and his family owns property valued up to C$100 million (RM320 millions) in Canada alone. What about the rest of the $$$?.

This includes the posh Preston Square with its prestigious twin glass office towers and a stylish shopping complex smack in the high-value commercial district of downtown Ottawa.

His daughter who married a Canadian who is her university sweetheart owns a mansion worth RM28 millions.

Taib's brother Onn, who is one of Sakto's directors, was the person behind Richfold Investment Limited and Regent Star Company Limited incorporated in Hong Kong, both sharing a mutual director, Kin Kwok Shea and the same office address.

It was the Regent Star Company that was identified by the Japanese tax authorities in 2007 as having received RM32 million in kickbacks from Japanese timber exporters over a seven year-period.

Till to date Taib family's massive business empire has long been the subject of criticism and speculation - from his family's involvement in numerous local Sarawakian companies to his far-flung overseas business interests.

Shall I say, Taib Sarawak is another Sultan of Brunei. He will if he was to be in power in coming years.

By,

lvbala

 

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