BORNEO SABAH ARAMAII

Tuesday 23 April 2013

RM114 Million: The story of Yong Teck Lee



In the midst of election, lots of past issues, cases or controversies have floated up. Especially in recent article stated that Yong is going to challenge on Musa's RM40m case if he formed the next government. He is totally desperate to gain public attention. Didn't he remember what Hiew has been telling him all this while? Yes, that he is power maniac guy!

I found an interesting article about his misconducts. I am not so sure if this blog name has been changed. It is written by his ex bff Tham Nyip Sen, whom he has personal grudge with. Yong has been accusing him over various " offences and wrongdoings ", in which I feel, all are lies.

You may refer to this link, http://sapdalkrew.blogspot.com/2011/06/rm114-million-story-of-yong-teck-lee.html.  for further clarification. 


This is what Tham has written down :  The rational of entering into this transaction was that the Government through Warisan Harta could utilise a RM50 million fund. Yes Ringgit 50 juta. The RM50 million was to support counters in which Warisan Harta and Sabahans had investments.As a result of the share swap deal Warisan Harta lost RM114 million. The RM114 million was lost after Warisan Harta under the chairmanship of Yong Teck Lee disposed its blue chip MISC shares in return for the acquisition of NBT shares and Sugar Bun shares. Both counters are delisted ever since. Both of these share counters NBT and Sugarbun were connected to Suniwang which was controlled by Ambrose Lee.

The conclusion is, Ah yong is a man living in denial, for so many donkey years.

2 comments:

  1. budu punya yong teck lee... tgk muka ko tu.. ada la sa sut ni, gugur sideburn ko tu

    ReplyDelete
  2. Sugar bun did not delisted, just change of name to Borneo oil. Bornoil

    ReplyDelete