Posts

Showing posts from April, 2007

Bank Negara and Her Highness the Governor Zeti fail basic test of governance

By Ganesh SahathevanThe Central Bank Act Malaysia provides: 8. (1) There shall be a Board of Directors constituted as provided in this section, which shall be responsible for the policy and general administration of the affairs and business of the Bank. (4) The Governor and the Deputy Governors shall be answerable to the Board for their acts and decisions. In the case of the Bank Negara (the Central Bank) , the Governor is also the chairmain of the Board of Directors. http://www.bnm.gov.my/index.php?ch=7&pg=3&ac=7 . QED

Datin Wong Mun Yee @ Mrs Datuk Patrick Lim @ owner Kamaluddin Badawi's house

by Ganesh Sahathevan The following extracts from documents in the public domain tell a story about Equine Capital's Patrick Lim Soon Kit, his wife Wong Mun Yee @ Cindy Lim , one Kamaluddin Abdullah Badawi, a self-made millionaire (or billionaire) ,and his father, Prime Minister of Malaysia, Abdullah Badawi. A) Datuk Patrick Lim Soo Kit is a substantialshareholder of the Company(Equine Capital) with indirect interest of22.63%. He is the husband of Datin Wong Mun Yee and nephew to Lim Ah Yee and Lim Ah Chai. DatinWong Mun Yee, Lim Ah Yee and Lim Ah Chai are alsosubstantial shareholders of the Company with indirectinterest of 22.63%.(Equine Capital Bhd, 2004 Annual Report , page 16-17) B ) 34 Bay View Terrace, Mosman Park An Extract from the Certificate of Title : Registered Proprietor: Mun Yee Wong of 2/19 Melville Beach Rd, AppleCross Registered 11 March 2004 Encumbrances : Mortgage to National Australia Bank,Registered 11 March 2004 C) Raja Petra of Malaysia-Today : Malays...

34 Bay View Terrace, Mosman Park

An Extract from the Certificate of Title: Registered Proprietor: Mun Yee Wong of 2/19 Melville Beach Rd, AppleCross Registered 11 March 2004 Encumbrances: Mortgage to National Australia Bank, Registered 11 March 2004 Who owns it? Raja Petra says: Malaysia's First Family's family home at 34, Bay View Terrace, Mosman Park, Perth, Australia is currently under extensive and massive renovation works. A house bought by a non-permanent resident has to be renovated at a cost of more than half the purchase price. http://malaysia-today.net/blog2006/reports.php?itemid=3660 Hence, my question : who is Wong Mun Yee?