Tuesday, April 28, 2015

Why Mahathir wants 1MDB to fail!

To defy Dr Mahathir’s wishes, at his prime no less, would have great personal cost and Ani must have known this, yet he bravely stood his ground. Indeed he was effectively kicked out of TNB for his defiance, as he told KiniBiz in the interview.

When I was kicked out, no company would touch me,” reminisced Ani in conversation with KiniBiz, adding that many companies at the time had ties that link back to YTL. “So I worked for foreign companies for a while.”

But he did not express regret at his decision – far from it. An often-repeated statement from Ani is that he does not wish to have his grave urinated on, a grave insult in the Malay culture, for dishonest dealing in life." The late Ani Arope.

If you are one of the loony, er I mean lonely Mahathir choir boys, I am betting you don't know that MalaysiaKini has come out with the first issue of KiniBiz. Well, now you know. There are two big write-ups on Mahathir in the fortnightly:
1. The study of contrasts between LKY and Mahathir, and
2. The man who refused Mahathir

I am sorry to tell you boys that your idol fared very badly - like, very very badly - in the battle of the bulge with the late Lee Kuan Yew. But that's understable. Even the Singaporeans think their so-called founding father, whom they were not really fond of while he was still alive, was the better man.
What's really damaging to your hero, boys, is the interview with Ani Arope. KiniBiz describes him as The Man Who Refused Mahathir.
The interview could not have come at a worse time. Here's why. Mahathir has been scoring a lot of points attacking Najib over 1MDB, accusing the Prime Minsiter of incompetence, alleging that RM27 billion has disappeared into thin air, etcetera. You boys have been happily repeating the allegations (although I guess you guys don't really know how to read let alone read audited accounts!)
The late Ani Arope, in the interview, is telling us a different story altogether. It tells us of a plan by Mahathir, using the Economic PLUNDERING Unit or EPU, to create power producers that would enrich cronies (Francies Yeoh, Ananda Krishnan, Syed Mokhtar AlBukhary, among others) and imporverish the people and Tenaga Nasional Berhad.
Ani Arope saw this. He refused to play along. He was sacked ONE WEEK after saying refusing Mahathir. Before that, a major power breakout was "arranged" to show to the people how inefficient Tenaga Nasional was and why the IPPs were needed. I am not saying all this --- go read the interview in KiniBiz.
After the first IPP (YTL), Mahathir went on to start many more IPPs. These power producers all made big, big money. At who's expense? At the rakyat's, of course. Remember how we all complained about how much we had to pay for electrity. At first we blamed Tenaga but later on, as the years go by, we understood that it was the IPPs.
When PM Najib took over, he must have seen the plundering. So he used the 1MDB to buy the IPPs after telling Ananda, Francis and Syed Mokhtar that their contracts were not going to be renewed, thank you. Next step, list these IPPs in one mega public listing exercise and create and share the wealth with more stakeholders, not just cronies.
Three things will happen together with the IPO :-
1. It will end the ridiculous subsidies that Tenaga Nasional and Petronas had been forced to give to the IPPs year in and year out.
2. The people will enjoy lower electricity tariffs and,
3. the IPPs as we know them will be no more. So will Mahathir's IPP legacy.

Mahathir is not alone in his onslaught of Najib. He was never alone. The IPPs have been with him from the start.  Now boys, go get your copy of the KiniBiz. Rememebr there's a Part 2 of the interview coming in two weeks.

Read more about this honest to goodness servant of the people who refused to do it anymore...here!


Anonymous said...

So, what about the allegation that Ananda Krishnan helped 1MDB to pay the RM 2 billion interest? Why can't either of them say something? If 1MDB are meant to stop Mahathir's cronies, surely enlisting Ananda's help (who was also one of the IPP owner) should have been avoided at all cost?

Furthermore, if 1MDB is meant to do all these, why can't anyone responsible for managing that government strategic investment arm come clean and answer all of Mahathir's allegations? Read some riot acts to that old man so that he'll stop. Yet, 1MDB prefers everyone to speculate negatively about itself and put the government's good name in jeopardy. If 1MDB fails, it is because of its own shortcomings no matter how noble its intentions are.

Anonymous said...

What a Jibby's kaki jilat article.

Zack said...

Congratulations! I like! Mahathir must be resisted and told off that we have had enough of his 22-year-rule. We don't want him anymore and allow us to live as we want.

RD. said...

Aik...benda yang sama je. Ingatkan posting baru, fakta baru.

Dah tak ada modal ke?
Pasal tiada link ke Sarawak Report, Sunday Mail dan lain-lain media pro-pembangkang?

Pasal tak autakan report mengenai 'money-trail' 1MDB ke PetroSaudi ke Jho Low.

Anonymous said...

interesting but why buy the IPPs which contract not going to be renewed at a very high price?

Anonymous said...

Sorry bro, i dont buy to this crap. IPO did not happen and the rakyat are suffering. With all the blunders and monies disappearing, do you think 1MDB put the rakyat first in all their plans? Err.., btw, during DrM era, after every cabinet meetings, we will have GLC meetings and during one of these meetings that the 2 jokers from TNB and Telekom were fired. Do you think the reasons were related? There were minutes, recording and transcripts.

Anonymous said...


Point taken.

But what the fuck if Jho Low doing? Please dont turn a blind eye just cos you are under PMO's payroll.

Anonymous said...

Jangan main mata. under his watch we had the mother of all blackouts giving birth to IPP. no one to do IPPs because of foreign exchange risk.

Anonymous said...

For better or worse, IPPs had served their purpose to ensure reliable energy supply to the nation during the roaring 1990s which saw Malaysian economy grew at 7-9% p.a.. IPP model is not perfect but when u need to build power plant quickly to ensure steady n reliable electricity supply, IPP aced it. Look at India today, economic growth affected due to unreliable electricity supply.

Coming back to Encik Wan Emdibi, why buy power plants at high price when u knew their licences gonna expire soon ? Bangang mcm bloggers juga !

Anonymous said...

So you are using ani arope to appease Najib?

Answer the questions on 1MDB!!

Two wrongs does not make a right....

Anonymous said...

Cheap counter psyops/psywar offensive on behalf of Najib to neutralise TDM's onslaught against Najib/UMNO.PRU 14 will witness Malay tsunami against Najib/UMNO.PR is happy to see this happening.

Ani Arope failed to see the bigger picture when IPPs were allowed to operate. Ani tried to protect TNB's cronies. EPU had made comprehensive studies and provided strong justification for implementing the IPPs.

The issues were in the public domain. Unlike 1MDB, no convincing answers were forthcoming for the valid questions raised concerning its financial affairs.

Anonymous said...

D DR M ask why buy IPP for a HIGH price when the expiry date is so near??

Tanduk Dua said...

Why you bring old story??because to cover-up the current issues??

PM banyak kaki bodek..kaki ampu...banyak masyuukk...

Tanduk Dua said...

Lu dah jadi kaki jilat bro..

Dulu lu ok..sekarang dh hilang prinsip?? kerana apa bro??

hadook angle said...

hahahha...mmg artikel nak menjilat tapi tumpang si Loser.. tahap sama dunggu dgn ahmad maslan..perasan betul

Anonymous said...

I'd like to interview a dead man too.

Anonymous said...

Seems like bloggers like u can easily be bought for a few bucks... What a shame!! Lost all respect for u...

Anonymous said...

its ok to jilat mahathir, 22 years.
but not ok to jilat najib, . thts democracy

Anonymous said...

You can ever wake up man who is pretending to sleep. on all issues there is no more middle ground. People are either for or against. unfortunately if you are government you can only provide successful governance if you govern from the center. so all of us wake up and put the nation first and look for balanced development that will uplift the 70% of us who are in the bottom half. Stable societies are built on individual ownership of property. If 5% of the population owns 905 of the property you know what will happen. We had all this going in the 60s and 70s. Suddenly we are faced with problems that seem impossible to solve.

We need new thinking before it is too late it is too late.

Tebing Tinggi said...

What about the MAS privatisation to T R, followed by the government repurchasing his stake in the airline?

A figment of imagination?

Labu8455 said...

It is not fair to judge but I just can't stop my self from doing so. Just look at Ani Arope photo and doesn't he look more "crooked" than anybody else ? A crook now try to tell he is good and never "crooked" and that others are bad.

Pasquale said...

Labu8455, in the interest of fairness I am allowing you comment through. However, never judge a book by its cover. You are doing it implies you are a very shallow thinking person with enough English to wrtie what you just did. The deceased was sacked because he defied "god" (g in lower case), thats all!
Further demeaning comment from you will be deleted.

Thank you

Pasquale said...

Labu8455, in the interest of fairness I am allowing you comment through. However, never judge a book by its cover. You are doing it implies you are a very shallow thinking person with enough English to wrtie what you just did. The deceased was sacked because he defied "god" (g in lower case), thats all!
Further demeaning comment from you will be deleted.

Thank you

Anonymous said...

BM you have nit been blogging for a while. I hope you are ok. God Bless

studio said...

As a neutral observer I have to say, to tell people to listen to just one side of a story -- and from one who is no longer with us, to boot, where clarification cannot be sought -- is disingenous.

You don't even know what agenda he might have. He was sacked. That ought to ring an alarm bell already.

Do you know this person enough to vouch for him absolutely?

We don't know the exact circumstances that led to his sacking. If the comment above is correct, there is a record trail. Have you verified with this record trail? Ask the PMO to provide you access, since you seem to have that privilege.

This blog post is not half as smart as it seems to think it is.