SAS made more losses for Sabah again

13Friday

4. Another discreet abuses of power and corruption is about the Saham Amanah Sabah (SAS) after losing almost RM400m with impunity was recently revived by 800m new units paid by the State Government for RM200m at 25 cents per unit when the market price was 17 cents. Without full details of the deals coinciding with Permatang Pauh by elections, and commercially it is not understood of the generosity of RM64 million above the market price. It was 15th August and now 16th September - more than 21 days, there is no listed price yet. I want a white paper and a proper inquiry into the deal as it is diverting public fund to benefit 45,000 and likely irregularity in the process.



after I exposed this on 916, the price is listed for 21.49 cents and the STate Government lost RM28 millions again for the one month...


How long can this go on?

Would the State Gov't pump in more now?

Another RM200m??? for another 1 billion units ...until...


good public money going into bad deals???


when there was no debate in the Assembly last time, who can stop it happening again?