23 April 2013

The Taib Timber Mafia – OnlyAtMalaysia.blogspot.com
The authors of this report put the illicit assets of Taib Mahmud, the long-term Chief Minister of the Malaysian state of Sarawak, at over 20 billion US dollars. Taib Mahmud himself, the "godfather" of the Taib family business empire, has been rated at USD 15 billion, making him Malaysia’s richest man. The report was released in Brussels on the occasion of a visit of the Malaysian Minister of Plantation Industries and Commodities, Bernard Dompok, to the European Commission.

The Bruno Manser Fund’s report describes in detail the business activities and personal wealth of twenty members of the Taib family, described as one of South East Asia’s most notorious kleptocratic clans with business interests in Malaysia, Australia, Canada, Hong Kong, the United Kingdom, the United States and other countries.

The Bruno Manser Fund estimates the combined net worth of twenty Taib family members to be close to USD 21 billion, which has been acquired through the almost complete political and economic control of Sarawak, a state the size of England, over a period of three decades. In particular, the Taibs have established monopolies on the granting of timber and plantation concessions, the export of timber to third countries, the maintenance of public roads and also on the production and sale of cement and a number of other construction materials.

The Bruno Manser Fund is asking governments and banks around the globe to freeze Taib family assets. The Taibs are being compared to the Suharto and Marcos clans who have also stolen billions from their countries. According to Transparency International, former Indonesian President Suharto embezzled USD 15 to 35 billion, while former Philippines President Ferdinand Marcos is thought to have stolen between USD 20 and USD 900 billion.

Abdul Taib Mahmud Fortune – OnlyAtMalaysia.blogspot.com


Click the image below to download the report.


The Taib Timber Mafia – OnlyAtMalaysia.blogspot.com

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