OMG!....they never seems to be slowing down, another scandal is being exposed, the award of lucrative RM2.2 billion contract to build the Kinrara-Damansara Expressway (Kidex) to the cronies. Its sickening, how else would you describe the feeling? This time it is the turn of the flamboyant Datuk Hafarizam Harun, prominent Umno lawyer and the wife of former Chief Justice Tun Zaki Azmi who are being implicated. The source of expose also further claimed that the award of the project is the reward of bringing down the previous Pakatan Perak Government. If the claims are indeed true...Yucks!, don't these people (whoever they are, the planners, the executers as well as the conspirators), believe in Al-Mighty God?...Don't they believe in after life?....They better be prepared or else they would definitely be on the Highway to HELL!
GOD, please help us and have mercy on us....adios.....a.h.baharom
p/s below is the full article on the revelations..
UMNO lawyer confirms highway award, says not a ‘deal’ for Perak
By Debra Chong
February 21, 2012
KUALA LUMPUR, Feb 21 — A prominent Umno lawyer confirmed today that a company controlled by him, and in which the wife of former Chief Justice Tun Zaki Azmi is director, was awarded a lucrative RM2.2 billion contract to build the Kinrara-Damansara Expressway (Kidex).
But Datuk Hafarizam Harun told The Malaysian Insider that any suggestion of a deal struck because of his role in the Perak constitutional crisis in 2009 was “tainted with mala fide (bad faith) and intended to bring me and Tun Zaki into public odium, scandal and disrepute.”
Hafarizam, who is the ruling Malay party’s legal adviser, denied that the highway concession award was given as a reward to him and former chief justice, Zaki, allegedly for their roles in the 2009 Perak crisis that saw the state government switch from Pakatan Rakyat (PR) to Barisan Nasional (BN), which is held together by Umno.
Zaki declined to comment when contacted for this article.
“The contract was awarded to us after the company proved itself with its track records,” Hafarizam said in a text message to The Malaysian Insider.
Emrail Sdn Bhd and Zabima Engineering Sdn Bhd have been awarded the lucrative RM2.2 billion contract to build the Kinrara-Damansara Expressway (Kidex), Hafarizam confirmed today.
“Yes I am a Director of both Zabima/Emrail,” he told The Malaysian Insider in a text reply this morning.
“Both Cos [companies] are separate in their core business ie Rail-track specialist and Class A contractor. D word ‘deal’ is misleading, tainted with mala fide and intended to bring me and Tun Zaki into public odium, scandal and disrepute,” he replied when asked to clarify an allegation by controversial blogger Raja Petra Kamarudin posted online yesterday.
The editor of the Malaysia Today website claimed in an article published yesterday under the title “Episode 9: The reward for giving Perak back to Umno” that Harafizam and Zaki, who retired on September 9 last year, were awarded the highway contract, via Emrail that will be a tolled road.
“Incidentally, did you notice one very crucial matter in this whole thing? Yes, you got it, the current Umno Legal Advisor represented Umno in the Perak Constitutional Crisis while the previous Umno Legal Advisor (the Chief Justice) made the decision of ‘ordering his number two to sit on the bench in his place’. And guess who won the case? Talk about ‘all in the family’!
“Now, who are the other directors of Emrail?,” Raja Petra, popularly called RPK, wrote, adding “One is Toh Puan Nik Sazlina Mohd Zain, Tun Zaki Azmi’s wife. Yes, the same man we are talking about above, the recently retired Chief Justice. And the other is Tan Sri Dato’ Hari Narayanan Govindasamy, Samy Vellu’s proxy.”
Nik Sazlina is a director in Emrail, the same company that Hafarizam had admitted to sitting on its board as director.
Emrail’s website stated that the company is “steered by an able team of professionals led by captains of industry, chairman Datuk Hafarizam Bin Harun and deputy chairman Tan Sri Datuk Hari Narayanan a/l Govindasamy. As major shareholders of Emrail, they are at the helm in all projects from concept to finish.”
It listed “Toh Puan Nik Sazlina Mohd Zain” as a company director.
The new highway will link Kinrara and Pusat Bandar Damansara and will divert traffic on the LDP.
“I’m keeping my options open but I don’t think it’s RPK that’s the one who is attacking.
“There are ‘unseen hands’ maybe out of jealousy, greed and dissatisfaction because we are amongst the few Bumi-Controlled private Cos (sic) that got the project.
“As far as I’m concerned, I will soldier on to kick-start the project and complete well before time,” Hafarizam said in his text message to The Malaysian Insider.
The Edge Financial Daily reported on February 17 that the government had called a tender for the Kinrara-Damansara Expressway (Kidex).
The announcement mentioned that seven companies are bidding for the job, which includes Bina Puri, Mudajaya, and Pesona Metro Sdn Bhd.
“The tenders are just out and it is not certain yet on the tenure of the concession as the CA has not been finalised,” said a source.
Subbaraman said Malaysia’s high public debt could preclude continued stimulus spending. — Pictures by Jack Ooi
Its chief economist for Asia ex-Japan, Robert Subbaraman, said that unlike most countries in Asia, Malaysia will be negatively affected by an expected drop off in commodity prices while the government will also find it difficult to keep up stimulus policies.
“Malaysia is one of the economies that will weaken the most; it is in the weaker group of economies,” said Subbaraman at a media briefing here today.
Nomura economist for Southeast Asia Euben Paracuelles said Malaysia’s growth in the first three quarters of this year was largely led by government spending, but as public finances were relatively weak, he doubted that it would be sustainable.
Subbaraman also noted that Malaysia ranked third in Asia ex-Japan in terms of exposure to European bank claims, after Hong Kong and Singapore, which could mean a drying up of liquidity should European banks start to cut their exposure to the region.
Figures provided showed that European bank exposure to Malaysia amounted to US$50 billion (RM155 billion), or about 19 per cent of GDP, double that of the Asia ex-Japan average of nine per cent.
Commodities would dip by 15 per cent if a slowdown hits, says Paracuelles.
“As European banks pull back exposure, it will show up as net capital outflow and availability of funding will start to dry up,” said Subbaraman.
He noted, however, that Malaysia still has a large current account surplus at 13 per cent of GDP, which should help support the ringgit against hefty depreciation against the US dollar, due to its trade performance.
Paracuelles said that if a global downturn happens, there would be a 15 per cent decline in commodity prices.
Malaysian government economists earlier said their economic projections were bolstered by expected continued high rubber and palm oil prices, which would help boost rural area spending.
Petronas said in a briefing last week that it expects oil prices to decline to US$85-87 per barrel next year, from US$110 currently.
In its November Asia Economic Monthly report, Nomura noted that Malaysia faces the prospect of unsustainable fiscal support.
“Given the public debt to GDP ratio of 55 per cent, the second highest in Asia, scope to continue with a very expansionary fiscal policy next year could prove to be limited,” said the report.
The report forecast a growth of 3.6 per cent for the first quarter of next year but rising to 7.3 per cent by the fourth quarter to give a full year growth of 5.1 per cent.
Subbaraman also said the risk of a hard landing in China is “not trivial” although the threat is greater after 2013-2014, following the handover of power to the next generation of leaders.
Nomura expects growth in Asia to drop to 6.6 per cent next year, from 7.5 per cent this year, and revised its 2012 global growth forecast from 3.8 per cent to 3.2 per cent.