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Date Posted: 21:27:33 10/25/06 Wed
Author: Retired Politician Former MCA President (Ling Liong Sik)
Subject: Triad Secret Society Big Boss - Tai Koh
In reply to: Very Concerned Citizen 's message, "Dear President........." on 20:14:15 10/25/06 Wed

22/10: Liong Sik, were there commissions paid out to someone on the purchase of Nanyang Press 5 years ago?
Category: General Posted by: Raja Petra
Media statement by Ronnie Liu Tian Khiew, DAP CEC member and NGO Bureau Chief

Former MCA boss Ling Liong Sik maintains that "it was a good buy" despite of the big losses incurred in the Nanyang Press deal and the fact the MCA was forced to sell its controlling stakes to Ezywood, a company controlled directly by the Sinchew boss, Tiong Hiew King. Tiong now holds 44.76% and MCA still holds about 23.38% in the Nanyang press in order to keep Nanyang Siang Pao and China Press as party mouthpieces.

His former deputy Lim Ah Lek has estimated the losses at about RM100 million. He even said that the amount is more than enough to buy another Wisma MCA (which was estimated at below the RM100 million mark by a local property expert friend of mine). He said Liong Sik was "solely responsible" for the debacle and he had wanted Liong Sik to apologise to MCA and the Chinese community which has opposed the deal vehemently 5 years ago.

Ah Lek also revealed for the first time that in November 1989, Liong Sik was trying to sell The Star (39%) to Lim Tien Kiat of Malaysian Plantation Berhad for no reasons. Ling was saying how successful and important The Star to MCA in his recent interview. If that is so, why Liong Sik has wanted to sell The Star at that time?

It was indeed very strange for Liong Sik to buy the Nanyang Press despite of the strong protest from the customers (readers and advertisers) and members. We want Liong Sik to tell us whether commissions were paid out to someone in the fishy Nanyang deal. And by the way, who is Andrew Leong, Mr Ling? Or May be the present MCA boss Ong Ka Ting could shed some light on the mystery.

Anyway, besides saying the Nanyang deal was a majority decision although it was only a narrow 157-vote majority, Liong Sik has indirectly put the blame on his former boss Dr Mahathir Mohamad when he said in a recent interview that "of course we need permission from the PM since it's a major media institution. If we have the PM's backing, it would be very helpful. I think without the PM's okay… and knowing the sensitivity of the media, I don't think it would have been possible to buy." May be Dr Mahathir could still remember what was transpired then and he may want to tell us the truth.

On 9th October 2006, some 45 multi-lingual and multiethnic civil society organizations working on diverse issues and political party have strongly objected to the MCA's sale of 21.02% shares in Nanyang Press to Ezywood.

Their joint statement stated that "that all top four Chinese dailies are now concentrated in the hand of a party-business alliance is detrimental to press freedom and democratic space in Malaysia. Such development calls for reforms in media laws including the repeal of Printing Presses and Publications Act and the introduction of anti-monopoly clauses."

For the same reason, Umno should relinquish all their shares in NST, Berita Harian, Utusan Malaysia, and MCA should relinquish all their shares in The Star. MIC and PBB should also sell all their shares in the Tamil and English papers in their staples.

These were some of the main points in their joint- statement…

"Since the takeover, Nanyang Siang Pao suffered a progressive decline in readership and advertising revenue, resulting in a loss of RM 6,309,000 for the Nanyang Press group in the last financial year. This proves that the takeover was not only politically unpopular, but also economically not feasible."

"The latest sales are adding insult to injury, posing an ever greater harm to press freedom and to the interest of journalists and readers. It will not only help increase news control by the Internal Security Ministry, but may also allow the controlling business interest to sideline certain social issues, and even to subdue civil society organizations."

"We therefore make these demands:

1. That a Parliamentary Select Committee be set up to review all media-related laws to introduce important reforms, among others, the repeal of the Printing Presses and Publications Act, and, introducing in relevant legislations the "dominant position" and "substantial lessening of competition"(SLC) clauses as in the Communications and Multimedia Act.

2. That both the MCA and Tiong relinquish all their shares in the Nanyang Press to non-partisan interests, in a transparent manner that will increase diversity of ownership in the Malaysian media.

3. That the society lends support to the Nanyang Press journalists who are now more vulnerable than ever to the threats of lay-off and political interference."


Comments
President wrote:
Sometime in the year 2000 we saw Mokhzani Mahathir & Loy's CEO son at the main entrance of the former MBF Finance building in Jalan Yap Kwan Seng, they must be continuing a most interesting meeting to be in full view of the public. After sometime the rakyat experienced the most painful debacle & scam the nation has ever faced in it's 49 years of independence. Remember the illegal misuse of the rakyat's EPF money to help bail out TDM's sons's troubled companies?
22/10 09:19:22
ConcernedCitizen wrote:
Does anyone out there know anything about Sunbow Credit in Subang Jaya and it's other branches all over Malaysia? Some say it belongs to Ling Liong Sik's Son - Ling Liong Hee? Is it a licenced loanshark like MBF Finance? Website - http://en.wikipedia.org/wik...
22/10 09:24:34
MCAPresident wrote:
antiracists wrote:
Ling is a business man... everything is a good buy and sell for profits. For a man who could even sell his own mother for a profit, pls forgive him.
20/10 14:01:41
ConcernedCitizen wrote:
Maybe you can ask whether the Ling family wants to end up like one of the Loy's son whose car crashed at the Damansara highway some years ago? Is this retribution or bad karma as you called it? Because this is loansharking business legal/licenced or otherwise!
22/10 09:27:04
LingLiongSik wrote:
Datuk Seri Dr Ling Liong Sik (President from Sept. 1986 - May 2003)
1943: He was born in Kuala Kangsar, Perak.

1966: He graduated as a medical doctor from University of Singapore. Subsequently, he set up his practice in Penang where he joined MCA as a member.

1974: He was elected as Member of Parliament for Mata Kuching constituency. He successfully defended his position in 1978 and 1982.

1986: He was elected MP for Labis. He also subsequently successfully defended his position in the 1990, 1995 and 1999 general elections.

1986: He was appointed Transport Minister. Prior to that, he had held the position of Parliamentary Secretary to the Ministry of Local Government and Federal, Territory, Deputy Information Minister, Deputy Finance Minister and Deputy Education Minister.
22/10 09:28:53
anakjohor wrote:
Wait to see.... Ling Hee Long will end up like Loy Teik Ngan... or put it this way... both will meet in hell soon sorry for this curse...
22/10 18:50:54
Sagaladoola wrote:
Yes, Yes, Yes, sell the Malaysian Chinese Rights in exchange for Self-Interest.. Harap Pagar, Pagar Makan Padi..

Well done, Tun Dr Ling, son and co...

I give you a big applause and standing ovation to you, not many can do what you did...
22/10 23:38:53
President wrote:
(1)May Day For Justice 1988 - Sacking of Lord President Tun Salleh Abas (2)September 1998 - Sacking of DSAI (3)2008 - Sacking of Pak Lah?
23/10 09:45:45
Gandhiji wrote:
Well there is no different in The Tamil Media World. The father (Samy) , the wife ( Indrani) and the son (Velpari) have been controling Tamil newspaper more as the family moutpiece rather than the indian party mouthpiece. The son currently also run the Maika Holding which is have been run poorly by the father's proxy previously and he need the son to cover all the secret of the Maika mismanagment. I sure the poor Indian community curse will soon eat the family
23/10 13:52:35
SmartAlex wrote:
Don't forget the reporters working for the MCA's newpapers. They are also
"ball-carriers" for the MCA MP's especially the ones in Johor Bahru. Gosh, you should see they way they interview the Johor MP's - like as if they are paying their salaries!!!!
24/10 12:50:47
SmartAlex wrote:
I wouldn't be surprised if the reporters are paid "commissions" by the MPs to write their version. Get what I mean???
24/10 12:53:50
President wrote:
People have short memories, folks are ever forgiving and because of this decent and kind human nature, these so-called leaders of the PEOPLE are forever manipulating and taking advantage of the working-class ordinary law-abiding citizens.Have we really forgotten KOJADI scheme where millions of ringgit were cheated and stolen from the old senior citizens of their hard-earned and life savings by the supposedly GUARDIANS & CHAMPIONS of the poor, weak and the down-trodden? What about your Chinese HERO Mr.Tan Koon Swan? What about ALL the MCA's leaders political SCAMS & SCANDALS & debacles of the century, dating from 1980's onwards? The only good visible standing institution would ONLY be the TAR College/University which surely could have been built MUCH, MUCH earlier! Please bear in mind, these are the PEOPLE's money you're embezzelling, from the tax-payers money who put you in a position of authority! Website - http://malaysia-today.net/b...
26/10 10:52:27
ConcernedCitizen wrote:
Dear President, Regarding the KOJADI scheme you mentioned, would you like to clarify that it's the same $1.5 billion Co-operative Finance Scandal in the 1980's affecting the life savings of 540,000 depositors who are mostly small-timers - the housewives, hawkers, workers, petty traders & businessmen.These people made up of half a million households in Malaysia who trusted the MCA with their lives and were betrayed. For these people it's their "coffin-money". Would you or anyone out there like to elaborate?
26/10 11:03:39

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