Dear Tan Sri Chairman,
I think your reply ( http://www.thestar.com.my/News/Nation/2013/10/26/Fong-Allegations-are-utter-lies-Reports-on-sale-of-Stars-assets-spread-with-intention-to-tarnish-ima.aspx ) to the allegations in this blog was so funny, I can’t believe you were a former Minister. But you are from MCA, so it’s okay.
You only beat around the bush but never answer the questions / issues / controversies. You may be able to bluff some people, but not everyone stupid like MCA leaders like to think we are.
You said the Bukit Tunku land was sold to a royalty who is relative of Tunku Abdul Rahman. Do you dare to name that person or his or her company? I bet you won’t dare to. Please do not think Star’s staff does not know about the real story to the deal. If the land not for property development, the owner paying millions to do what? Build Disneyland? Vincent know the whole story. He is part of the conspiracy.
On LiTV, you also never answer why Vincent Lee paid an expensive premium for the stake. RM35 million is a lot of money. That’s over RM20 million more than what it is thought to be worth. Where did the RM20 million go to? Vincent use the kickback to fund CSL to topple Liow Tiong Lai? If divide by 2,500 delegates, one person will get RM8,000. Still a lot of money.
About newsprint, you said the company has been very careful. Then, why is our competitor (like NST) paying average of US$560 per tonne when we pay US$650 per tonne? Ok, you said we didn’t pay US$650 per tonne. So, how much did Vincent pay? Show proof, don’t just talk and try to hide!
|Star Chairman who must answer to the corruption in the company|
Star also manipulate figures to mislead. We know Vincent issue directive to Finance to magically inflate the profits by factoring in the RM135 million sale of the old office in Section 13, PJ. This is under accounting principles, wrong because the building hasn’t even been built. This is to cover the huge drop in profits from operations.
Enough of this nonsense, Tan Sri. You and I know all this is due to the siphoning taking place right under our noses for political purposes. This unholy partnership of Chua Soi Lek, Vincent Lee and Chun Wai is treating Star like a bottomless ATM machine. But poor Chun Wai gets the smallest portion.
There is only one way to clear the air. Publicise the cash reserves and net tangible assets and compare between Steven Tan, Clement Hii and Vincent Lee. No need to be afraid if you are right.
Say what you like, Steven Tan is tops in terms of building this company into what it is. Now, I am sure he is upset at the destruction and pilferage committed by the corrupted trio who knows no shame.