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Showing posts with the label Lim Kit Siang

Ilham Tower is Only the Tip of the Iceberg

In another salvo fired by Datuk Seri Anwar Ibrahim in his pursuit for revenge, The multi-million-dollar Ilham Tower, a prime commercial building owned by the family of former finance minister Daim Zainuddin, has been seized by Malaysia’s anti-graft agency, sources say, in a sharp escalation to an ongoing probe into controversial transactions by corporate entities previously controlled by the one-time ruling United Malays National Organisation (UMNO). We don’t really have to go back in time to see the questionable going-ons seen within Mahathir’s inner circle. Take for example on August 29, 2018 the shares of Opcom, a company engaged in the manufacture and sale of fiber optic cables and cable related products in Malaysia. rose 41.11% in a day. The reason? The Pakatan Harapan government had approved a RM 21.6b National Fiberization and Connectivity Plan. There is no doubt that the fiberization of Malaysia is sorely needed – and the large amount of money that has been committed thus far i