By MPKapar(Manickavasagam)
The following paragraphs of a Malaysiakini news attracted myself :
“….He said that the story “turned dramatic” when in October 2006 Altantuya was informed that the commission paid by the French-Spanish company Armaris - which sold three submarines to the Malaysian government for one billion euros (RM4.7 billion) - had arrived at a Kuala Lumpur bank account.
It was revealed that 115 million euro (RM541 million) commission had been paid to Perimekar, a company owned by Abdul Razak.
“Altantuya rushed to Kuala Lumpur, in order to claim her share of the commission from Baginda; she said she was entitled to US$500,000.
“Baginda and Altantuya broke up prior to this. A jealous Rosmah Mansor, the feared businesswoman and wife of Najib, objected any payment to Altantuya.
“Altantuya arrived in Kuala Lumpur with two other Mongolian women, one of them was a shaman responsible for putting a spell on Baginda if he refused to pay. …”
While on April 27,2007 the Star Reported No fee paid for plane, sub purchase
…The statement added that the Attorney-General’s Chambers’ approval was also needed on the details of clauses stated in the contracts.
“All the terms and approval for direct negotiations would then be handed over to the Finance Ministry for approval before each contract is signed,” it added.
On the submarine purchase, the ministry said the allegations insinuating that the Government had paid a commission of RM450mil to Abdul Razak Baginda were baseless.
It added that no commission was paid to Perimekar Sdn Bhd as stated in the allegations.
“The submarine acquisition was made through direct negotiations – as per the Government acquisition procedures stated earlier – with French manufacturer Armaris and Navantia of Spain after prior approvals had been obtained from the two governments.
“Perimekar, which was alleged to have received commissions, had actually been awarded the contract to prepare support and coordination services for six years.
“The contract value was 114.96mil euros (RM534.8mil), which was paid in stages according to the progress level of the project,” it added.
It also stated that Perimekar is jointly owned by Lembaga Tabung Angkatan Tentera, Boustead Holdings Bhd and KS Ombak Laut Sdn Bhd…..
What’s Interesting here is the Commission amount of approx EURO115.00 million reported in both news. I recall a proverb ” no fire, no smoke” as Liberation report confirm almost 11.5 % commission was paid by Aramis to Perimekar. Usually in commercial transactions, commission is paid by seller not by buyer. Just look how Real Estate transactions take in Malaysia?
It’s true Malaysian Government didn’t pay commission to Perimekar a Company partly owned by Armed Forces Commercial Entity i.e Lembaga Tabung Angkatan Tentera which in turn own Boustead Holdings and part of KS Ombak Sdn Bhd. While, details of remaining owner of KS Ombak still remain mystery. FYI readers information Boustead Holdings the Company signed a sale and purchase agreement with K S Ombak Laut Sdn Bhd to acquire a 20% equity interest in Perimekar Sdn Bhd representing 200,000 ordinary shares of RM1 each for a cash consideration of RM3.5 million in 2001 itself. Why Boustead acquired KS Ombak Laut Sdn Bhd for a PREMIUM of RM17.50 per share?
Check the reports carefully : Liberation says Euro 114.9 million commision paid by Aramis , sellers of submarine while The Star reported had actually been awarded the contract to prepare support and coordination services for six years. That’s mean EURO 230million in total?
Since, the issue was reveal in Parliament last week, none of Malaysian Government authority denied Liberation France report?
Malaysian need to look into is to get hold KS Ombak Laut Sdn Bhd account since it partly owned by a Public listed company , have it audited to identify source of funds as claimed by Liberation France news report and where the funds channel out? The report should identify root of it’s inwards funds as it may be channel bypassing various organisation or individuals . Bank Negara Malaysia should investigate KS Ombak Sdn Bhd on possibility of Money Laundering Activities.
Will Bank Negara Do it?
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