Category: Accountability

Call on Daim Zainuddin to confirm whether his family’s 51% UMBC shares are being negotiated for sale to Pernas at $8.50 per share

Press Conference Statement by Parliamentary Opposition Leader, DAP Secretary – General, MP for Tanjung and Assemblymen for Kampong Kolam, Lim Kit Siang, in Ipoh on Monday, 22.9.1986 at 12 noon.

Call on Daim Zainuddin to confirm whether his family’s 51% UMBC shares are being negotiated for sale to Pernas at $8.50 per share.

Finance Minister, Daim Zainuddin’s explanation on the circumstances in which his family companies required first 41 per cent of UMBC shares in 1984 and then increased the stake to 51% in 1985, failed to convince Malaysians that there has been no conflict of interest between his official position and this family’s private interest. Continue reading Call on Daim Zainuddin to confirm whether his family’s 51% UMBC shares are being negotiated for sale to Pernas at $8.50 per share

DAP regrets at Dr. Mahathir‘s intemperate speech at UMNO General assembly and express dissatisfaction with Dr. Mahathir’s confused explanation on the mysterious tin-buying in London and Makuwasa

Statement by Parliamentary Opposition Leader, DAP Secretary-General, MP fpr Tanjung and Assemblymen for Kampong Kolam, Lim Kit Siang, in Petaling jaya on Friday, Sept. 19,1986.

DAP regrets at Dr. Mahathir‘s intemperate speech at UMNO General assembly and express dissatisfaction with Dr. Mahathir’s confused explanation on the mysterious tin-buying in London and Makuwasa.

I regret that the Prime Minister, Datuk Seri Mahathir Mohamed, has made an intemperate speech at the 37th UMNO General Assembly yesterday, on the DAP, national unity, the general elections, the investment climate in the country, indulging in his typically unwarranted allegations and charges against the DAP and other critics of the Barisan Nasional Government. Continue reading DAP regrets at Dr. Mahathir‘s intemperate speech at UMNO General assembly and express dissatisfaction with Dr. Mahathir’s confused explanation on the mysterious tin-buying in London and Makuwasa

The Bank Negara’s $800 million “25:25:50” rescue plan for the 24 deposit-taking co-operatives is no great deal

By Parliamentary opposition Leader, DAP Secretary-General, MP for Tanjung and Assemblyman for Kampong Kolam, Lim Kit Siang, in penang on Sunday, 14.9.1986;

The Bank Negara’s $800 million “25:25:50” rescue plan for the 24 deposit-taking co-operatives is no great deal.

Bank Negara’s $800 million “25:25:50” rescue plan for the 24 deposit-taking co-operatives is no great deal, when the details of the plan are studied. Continue reading The Bank Negara’s $800 million “25:25:50” rescue plan for the 24 deposit-taking co-operatives is no great deal

Ghaffar Baba confirms that the Bank Negara’s proposal for the 24 deposit-taking co-operatives was that depositors can only 50 per cent of their deposits, while the other 50 per cent is converted into equity

Press conference Satatement by Parliamentary Opposition Leader, DAP Secretary-general, MP for Tanjung and Assemblyman for Kampong Lim Kit Siang in DAPPJ Headquarters on Saturday, Sept.13, 1986 at 2pm.

Ghaffar Baba confirms that the Bank Negara’s proposal for the 24 deposit-taking co-operatives was that depositors can only 50 per cent of their deposits, while the other 50 per cent is converted into equity.

I paid a courtesy call on the deputy Prime Minister, Ghaffar Baba, in his office this morning, and I discussed with him a wide range of subjects, including the co-operatives crisis, in particular the future of the 24 deposit-taking co-operatives; the LPN mess and the grievances and problems it has created for farmers, millers and retailers; the illegal Indonesian immigrant problem; the new villages; the economy and national unity. Continue reading Ghaffar Baba confirms that the Bank Negara’s proposal for the 24 deposit-taking co-operatives was that depositors can only 50 per cent of their deposits, while the other 50 per cent is converted into equity

Tan Koon Swan to be given up till July 18 to accept my challenge to contest against me in Kota Melaka seat in next general elections, or be proved to have twice broken his word

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in Malacca on Monday, 14.7.1986:

Tan Koon Swan to be given up till July 18 to accept my challenge to contest against me in Kota Melaka seat in next general elections, or be proved to have twice broken his word

At the Malacca DAP ceramah to launch book, ‘Malaysia- Crisis of Identify’ last Monday, 7th July 1986, I responded to the invitation of MCA President, Tan Koon Swan, expressing his readiness to contest against me in any parliamentary constituency. Continue reading Tan Koon Swan to be given up till July 18 to accept my challenge to contest against me in Kota Melaka seat in next general elections, or be proved to have twice broken his word

Dap pledges to continue to speak up and champion the people of Sabah against all forms of injustice, inequality and oppression without regard to the personal cost or safety of DAP leaders

Speech by Parliamentary Opposition Leader, DAP Secretary-General and Mp for Kota Melaka, Lim Kit Siang, at the 8th anniversary Dinner Celebration of the Sandakan DAP Branch held in Sandakan on Saturday, July 12, 1986 at 8 pm

Dap pledges to continue to speak up and champion the people of Sabah against all forms of injustice, inequality and oppression without regard to the personal cost or safety of DAP leaders

Today is the eighth anniversary celebration of the Sandakan DAP Branch. It is also the eight anniversary of election of DAP National Assistant Treasurer, Sdr.Fung Ket Wing, as the Sandakan Member of Parliament. Continue reading Dap pledges to continue to speak up and champion the people of Sabah against all forms of injustice, inequality and oppression without regard to the personal cost or safety of DAP leaders

Daim Zainuddin was the big beneficiary while Multi-Purpose was the big loser in the 1984 swap between MPH’s UMBC shares for Daim Zainuddin’s Malaysia-French Bank shares in 1984

Speech (Part 2) by Parliamentary Opposition Leader, DAP Secretary¬-General and MP for Kota Melaka, Lim Kit Siang, at the Temerloh DAP Dinner-Ceramah held at Temerloh on Wednesday, June 18, 1986 at 8 p.m.

Daim Zainuddin was the big beneficiary while Multi-Purpose was the big loser in the 1984 swap between MPH’s UMBC shares for Daim Zainuddin’s Malaysia-French Bank shares in 1984

In 1984, when Multi-Purpose Holdings announced the swap of its 41% UMBC shares in exchange for the 51% Malaysia-French Bank shares, together with $125 million in cash, belonging to Daim Zainuddin’s companies, the then MPH managing director, Tan Koon Swan, said that this was a fair, equitable and beneficial deal to Multi-Purpose shareholders. Continue reading Daim Zainuddin was the big beneficiary while Multi-Purpose was the big loser in the 1984 swap between MPH’s UMBC shares for Daim Zainuddin’s Malaysia-French Bank shares in 1984

DAP motion in July Parliamentary meeting for a Royal Commission of Inquiry into widespread allegations of corruption, nepotism and improper activities involving Cabinet and non-Cabinet leaders of Barisan Nasional

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the DAP Ceramah at Petaling Jaya MPPJ Civic Centre on Saturday, June 14, 1986 at 9 pm

DAP motion in July Parliamentary meeting for a Royal Commission of Inquiry into widespread allegations of corruption, nepotism and improper activities involving Cabinet and non-Cabinet leaders of Barisan Nasional

I cannot think of another time in Malaysia’s 29-year history when the country had been flooded with so widespread talk and allegation about rampant corruption, nepotism and improper activities involving conflict of interest in high political places. Continue reading DAP motion in July Parliamentary meeting for a Royal Commission of Inquiry into widespread allegations of corruption, nepotism and improper activities involving Cabinet and non-Cabinet leaders of Barisan Nasional

Tan Koon Swan is going round the country issue blank cheques which are not meant to be honoured

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in Malacca on Sunday, 8th June 7 1986:

Tan Koon Swan is going round the country issue blank cheques which are not meant to be honoured

The MCA President, Tan Koon Swan, said in Johore Bahru yesterday that the MCA would not support the extension of the New Economic Policy. A day earlier iin Kluang, Tan Koon Swan said that the MCA will take steps to amend the Federal Constitution if the Supreme Court ruled that parents do not have in the choice of religion of their children in the Susie Teoh case. Continue reading Tan Koon Swan is going round the country issue blank cheques which are not meant to be honoured

DAP calls on MAKUWASA to repay EPF the $10 million with interest for share transactions which it bought from EPF at below market-price

by DAP Secretary-General and Parliamentary Opposition Leader, Lim Kit Siang, in Petaling Jaya on Monday, 2.6.1986:

DAP calls on MAKUWASA to repay EPF the $10 million with interest for share transactions which it bought from EPF at below market-price

The mysterious $2 company, MAKUWASA, bought 13 share counters from the Employees Provident Fund from August 1984 to March 1985 at below market prices, causing the EPF to lose $10 million profit which should have accrued to the credit of the five million EPF contributors. Continue reading DAP calls on MAKUWASA to repay EPF the $10 million with interest for share transactions which it bought from EPF at below market-price