All businesses get bank loans. So what is the problem with that???

Raziah Mahmud’s RM880,000,000.000 Bank Loan!

Sarawak Report
Sunday, October 17th, 2010 GMT
(Supreme Justice Defender's comments are in blue)

We can reveal that Malaysia’s RHB Bank has just lent Raziah Mahmud, the Chief Minister’s sister and her third husband, Robert Geneid, a whopping RM 880 million ringgit!

This breath-taking hand-out (the equivalent of US$ 285 million) was discovered by Sarawak Report in the public records of  Malaysia’s Companies Commission.  It was registered last June as a charge against one of the couple’s privately owned companies, Kumpulan Construction.

Kumpulan Construction is registered as having RM1 million share capital, 5% owned by Zaleha Binti Mahmud Hajjah (her elder sister) and the rest by Mastim Sdn Bhd, which in turn is jointly owned by Raziah and Robert, an Australian national.

So what is the problem? Are you nuts to think that RHB would simply give money without collateral? Do you think the bank senior officers are as crazy as you - allowing imagination running wild??? 

Certainly the decision to give out loan was only be made after serious consideration.

On Kumpulan Construction gives sub-contract businesses to Hock Seng Lee, there is nothing wrong in doing that. In fact it is just a normal business deal. As a matter of fact, Kumpulan Construction is confident with Hock Seng Lee's ability to complete a job. If you were had to do the same thing, definitely you are going to look for a company which you feel comfortable with, right? Don't show your stupidity by saying NO. Stupid.

The decision to hand out sub-contracting businesses to Hock Seng Lee laudable and should not be condemned. It is because the company is giving it to a Chinese company. Kumpulan Construction knows that it should share the business pie with other races. So, Hock Seng Lee comes into the picture.