IN return, what they obtained was preservatory of wealth of their children and friends.
ORDINARY citizens of this land, were repeatedly lied to, that what ever was being done by the leadership at that point of time was only done solely for our best interest.
THERE are, those who know of this secrets, but have kept silent for nearly 25 years now, men such as Hassan Marican.
HASSAN Marican, currently READ : head's the Finance Minister's Special Body , but back 1996/1998 he was the chairman of Petronas.
BACK in 1996, when the Konsortium Perkapalan Bhd shares were trading at RM16 ringgit, with a market capitalisation of well over RM1 billion, Mirzan Mahathir would not even consider buying into MISC. READ : Mirzan rules off possibility of buying KWAP shares in MISC , valued at US$900 million.
MIRZAN Mahathir did not dip his fingers into MISC, because his flagship Konsortium was paying a yearly interest of US$8.6 million a year to service debts but based on the debts held, and commitments to debt in 1996, the interest payment itself would ballon, to US$49 million by 1998.
BASICALLY, even without the Asian Financial Crisis, as no one was aware in 1996 what was going to hit them, Mirzan Mahathir would be paying in 1998 based on exchange rate of RM2.40 to the dollar, some RM117 million in interest alone.
WHEN interest rate managable at about six per cent, the Mahathir clan indoctrinated it into our minds, that Tun Mahathir had forbidden hid children to involve his children in the business of the Government.
PERHAPS the 1996/1997 Dr Mahathir ment what he said, because he and hid family had the world at their feet.
WHY did Dr Mahathir make a U turn sometime between 1997 & 1998, by involving hid children in government ventures that the public had to pay for. READ : EPF dividends in 1997 hit rock bottom
IT was for the love of money, or the very least, the intention was the preservation of their wealth.
INTEREST rates were about 6 per cent in 1996, but by 1998 it was 13 per cent, while the Ringgit's value against the US Dollar had been crushed to well beyond RM4.40.
BASICALLY, Mirzan Mahathir, who had been projected to pay US49 million or based on exchange rate of RM2.40 to the dollar in 1988, will now have to pay US49 million times 4.40 times 2.1 which, comes up to about RM452 million on interest alone to the banks.
THIS is close to half a billion ringgit a year, every year. GUESS, who ended up forking out yearly, without knowing and without fail those half a billion ringgit to the banks? RAKYAT MALAYSIA.
HASSAN Marican, owes it to Malaysians who paid HALF A BILLION RINGGIT YEARLY to cover Mirzan Mahathir's ass to provide us with some information on what actually took place.
HE does not need to explain to us, why was there a need for two companies both listed in 1996 to merge in 1998.
ALL, he has to do is to reveal, who had written in officially to request for a merger. Was it MISC writing to Konsortium or was it, the other way around.
THERE is a document trail to all this, buried somewhere in either the MISC or Petronas office that will either vindicate Tun Mahathir and condemn Anwar Ibrahim.
OR those set of documents, are akin to a cast in stone truth , that since 1998. Anwar Ibrahim has been telling us the truth, that he lost his job, humiliated and shamed with trumped up sodomy charges and beaten at will under detention for the crime of standing up for Malaysia .
THE story does not end here though, because if for some reason those document no longer are sitting where they should be.
THE Royal Malaysian Police should investigate if a crime had been committed sometime between 1997 and 1998, against the people of Malaysia, by a group of billionaires , who moonlight as ministers.
