KUCHING, Jan 26,
2015: An explosive new research report by the Swiss Bruno Manser Fund discloses
that Cahya Mata Sarawak (CMS), a Kuching-based infrastructure company, received
over USD 1.4 billion (MYR 4.9 billion) in state contracts since its takeover by
the relatives of Sarawak Governor and former Chief Minister, Abdul Taib Mahmud.
The report, entitled “Corruption Management Sarawak –
Cahya Mata Sarawak and Malaysia’s Taib family” analyses 89 contracts granted to
CMS by Malaysian government agencies between 1993 and 2013.
The contracts include the MYR 295-million construction of
Sarawak’s new State Assembly Building (DUN) in Kuching and a 15-year contract
for the maintenance of all state roads in Sarawak granted in 2003, valued at an
annual MYR 86 million.
CMS, a formerly state-owned company, was privatised into
the hands of the Taib family by a series of reverse takeovers in the early
1990s.
Subsequently, it became Sarawak’s single largest
recipient of public contracts. For the past 20 years, the former Chief
Minister’s family has controlled the group with eleven family members being
involved as shareholders, directors or members of CMS’ senior management.
According to Maybank IB Research, CMS is a major
beneficiary of SCORE (“Sarawak Corridor of Renewable Energy”), an
industrialisation programme that entails the construction of a series of
controversial mega-dams in Sarawak. Potential SCORE investors, meeting from
tomorrow in Kuching during the “International Energy Week 2015”, are asked not
to invest in SCORE as long as CMS and other Taib family endeavours are among
its main beneficiaries.
The Bruno Manser Fund calls on Malaysia to set up a Royal
Commission of Inquiry to examine the privatisation of CMS into the hands of the
Taib family and to freeze and restitute all CMS shares held by Taib family
members.
Watch this video to learn more about “Corruption
Management Sarawak – Cahya Mata Sarawak and Malaysia’s Taib family”:
http://youtu.be/hOm6NPuDCYM
The report on
"Corruption Management Sarawak" can be found at:
http://www.bmf.ch/upload/berichte/cms_report.pdf
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