Activists file MACC report against Sarawak Energy Bhd CEO

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MIRI, Sarawak: Torstein Dale Sjotveit, CEO of Sarawak Energy Berhad (SEB), has been alleged to have abused his position by awarding contracts for projects belonging to SEB to the family members of his employer, the Chief Minister of Sarawak, Abdul Taib Mahmud, reports the SAVE Rivers network.

SAVE Rivers network representatives, including concerned members of public, visited the Malaysian Anti Corruption Commission (MACC) office in Miri on 5 September 2012 to hand over documents and evidence detailing the allegation in full and to request MACC to take the required action against Torstein Dale Sjotveit.

Torstein Dale Sjotveit, a Norwegian national, was employed by SEB as its CEO in November 2009. SEB is a government-linked company (GLC) owned by the Sarawak state government under the State Financial Secretariat of Sarawak. The State Financial Secretary is an integral part of the State Ministry of Finance while the portfolio of State Minister of Finance is held by Abdul Taib Mahmud, the Chief Minister of Sarawak. So, essentially, the employer of Torstein Dale Sjotveit is Abdul Taib Mahmud.

Sarawak Energy Bhd gave construction contracts to the company of Taib Mahmud’s son

Sarawak Energy Berhad (SEB), under its CEO Torstein Dale Sjotveit, is currently constructing the Murum Hydroelectric Dam to supply power to the Sarawak Corridor of Renewal Energy. Part of the construction work for the hydroelectric dam project is the installation of a power transmission line costing RM99m. The contract for this power transmission line was awarded by SEB to Universal Cable Sdn Bhd.

Universal Cable Sdn Bhd

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Universal Cable Sdn Bhd is owned by Sarawak Cable Sdn Bhd. The dominant share holder of Sarawak Cable Sdn Bhd is the son of Abdul Taib Mahmud, Mahmud Abu Bekir Taib, who owns 42 per cent of the shares in the company.

Sawarja Timur

In 2010, Sarawak Energy Bhd. sold part of its manufacturing subsidiary, Sawarja Timur, to Sarawak Cable (the form of which was a mixture of cash and shares) at RM1.20 per share. After paying RM16m for the shares mentioned, profits made by Sarawak Cable Sdn Bhd increased by RM3m the following year. This clearly shows that the Sawarja Timur is a profit-making company.

The above statement proves that Torstein Dale Sjotveit sold shares of a profitable company to his employer’s son. Besides that, he awarded the contract for the power transmission line to the son of his employer. This is clearly an abuse of power by Torstein Dale Sjotveit in favour of his employer, the Chief Minister of Sarawak.

Banks owned by Taib’s family are financing dam construction through Sarawak Energy Bhd

Sarawak Energy Bhd has received capital from various banks including Kenanga Investment Bank and RHB Investment Bank. Both banks are believed to be partly owned by or linked to the family of Abdul Taib Mahmud, the Chief Minister of Sarawak.

Kenanga Investment Bank Bhd

Kenanga Investment Bank Bhd. is fully owned by K&N Kenanga Holding Berhad. The dominant shareholder of K&N Kenanga Holding Bhd. is CMS Capital Sdn Bhd. with a total of 153,353,000 shares.

CMS Capital Sdn Bhd

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CMS Capital Sdn. Bhd. is almost fully owned by Cahya Mata Sarawak Bhd with a total of 198,461,538 shares.

Cahya Mata Sarawak Bhd

Cahya Mata Sarawak Bhd is 85 per cent owned by the family of Abdul Taib Mahmud, the Chief Minister of Sarawak. The five large shareholders of Cahya Mata Sarawak Bhd are Abdul Taib Mahmud’s two daughters, Jamilah Hamidah Taib and Hanifah Hajar Taib; his two sons Mahmud Abu Bekir Taib and Sulaiman Abdul Rahman Taib; and Leila Taib (the deceased wife of Abdul Taib Mahmud).

Peter Kallang, Chairperson of SAVE Rivers Network, says, “The abuse of power and abnormal practice as done by Mr. Torstein Dale Sjotveit is very obvious as shown by the facts that we have presented to MACC. This is clearly an abuse of power by Mr. Torstein Dale Sjotveit in favour of his employer, the Chief Minister of Sarawak.

“With this, we would like to request the Malaysian Anti-Corruption Commission to take immediate action by thoroughly investigating Mr. Torstein Dale Sjotveit, the CEO of SEB,” said Peter.

Mark Bujang is secretary of SAVE Rivers

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alan newman, new zealand
alan newman, new zealand
30 Oct 2012 6.35am

When you have (allegedly) criminal minds running a state or country, do they ever spare a thought on how to progress & excel their state/country and bring success & wellbeing to the people? Every minute they: * Meddle in giant projects to (allegedly enrich themselves)…; *Control the media (newspapers/radio/tv) to hide their (wrongdoings); deceive the public. *Sabotage Opposition with various lies & fabrications. * Use public resources, … rig & gerrymander elections to stay in power. * Cling on for 10-40 years to & suck & siphon out everything dry towards national bankruptcy. … God will get you!

alan newman, new zealand
alan newman, new zealand
30 Oct 2012 6.35am

Najib says the illegal smuggle of $M40mil into Sabah’s UMNO isn’t illegal.
Najib: “I would like to stress here that I have never interfered in MACC’s operations. They are independent and free to carry out their investigations on anyone.”
“You help me I help you.”
Then likely to Musa, Taib, MACC, Shahzirat, Baginda: We saw nothing, heard nothing.”

(And) to the dynamite blasters, his own body guards(?)…

“ Promises fulfilled.” Are these the thoughts and words of an honorable, ethical leader with the country’s interest at heart or someone bent on sabotaging opposition & human rights NGOs; bent on deceit, gangsterism & crimes? Answer it yourself.

alan newman, new zealand
alan newman, new zealand
30 Oct 2012 6.34am

… “If Najib implements your 6 fold path to a clean gov’t you can bet your bottom dollar that he will be out of a job and nobody will give UMNO 4 sen (sorry the lowest denomination is 5 sen) You know why ?? No one in UMNO knows how to work. All that they do is lobby for a contract and then sell it. Or take over a non Malay prospering business… Dont believe…. do a survey.”

“A leopard will not change its spot. Corruption is ingrained in (them). Cheating and stealing are their second nature. Wipe them all out in the coming GE and let us start with a clean slate. “

Harry Lim
Harry Lim
14 Sep 2012 3.14pm

MACC should take drastic action and full investigation on this issue. No one is above the laws. Malaysia is a lawful and respected nation. The people is very much well educated.
Wait up call to all Sarawakian, your right choice of voting for the next coming up government is vital.

It’s true that a lot of mega projects are awarded to CM family menbers or relative. I believe even the component BN party know it well.

It’s nothing wrong with BN because it is us who are voting for them and don’t blame BN because It’s majority of Sarawakian choice and decision.

Sarawak is the richest state in Malaysia but we didn’t enjoy the good infrastructure and communication system. I can say the poorest state in Malaysia.

Our roads linking between the cities are no much better than kampung road in the west.

Wake up Sarawakian, no one can help the state. Your right voting and choice of government will be in your own hand.

Hope that this coming election will be a more fire and challenging as compare to last election.

Good Luck Sarawakian.

nginsap
nginsap
10 Sep 2012 6.31am

dont forget the associate companies like PNC his sister and contractor HSL and Niam and KKB . There are many more for his ministers .