no2umno

The Oil-for-Food scandal revisited

In Belit Dollah, Raja Petra on July 1, 2008 at 6:26 am

Imagemalaysiatoday – […]
PM & The Oil for Food Scandal

The Oil-for-Food Programme was established to allow Iraq to sell oil in exchange for food, medicine and other vital supplies. It did not take long however for the Iraqi government to abuse the programme by demanding kickbacks from companies. Several investigations were launched and voluminous reports written.

One of the names that cropped up in the final report of the Independent Inquiry Committee into The United Nations Oil-For-Food Programme was the Malaysian Prime Minister Abdullah Ahmad Badawi. Studying Chapter Two of the report, Malaysia was the fourth highest purchaser of oil under Phase IX of the programme (circa 2000 and above). This amounted to a figure of US$500 million or RM1.8 billion.

The report names Mastek Sdn Bhd as one of the companies that paid bribes to Iraqi officials amounting to US$10 million. The Prime Minister publicly denied any involvement in the scandal. He only recommended several people to participate in the Oil-for-Food Programme in his capacity as (then) Deputy Prime Minister. Malaysiakini was threatened by government officials for reporting on Abdullah Badawi’s involvement.

The current Foreign Minister Syed Hamid issued a statement saying that the Prime Minister had nothing to gain from obtaining oil in Iraq. The Iraq Survey Group that prepared the report concluded that a person in the programme could profit by US$0.65 per barrel of oil obtained.

Returning to Mastek Sdn Bhd, it is listed as a saw timber company. Mastek Sdn Bhd was at that time a dormant company which was revived by three persons, namely:

1. Noor Asiah Dato’ Mahmood (Abdullah Badawi’s sister-in-law)
2. Faek Ahmad Shareef (Noor Asiah’s ex-husband)
3. Jaya Sudhir (businessman)

After it’s revival it became a crude oil company, participating in Phase VII to Phase IX of the Oil-for-Food Programme. Currently Mastek Sdn Bhd is listed as a computer software develpoment company.

Prior to Phase IX, Mastek Sdn Bhd received roughly 7.5 million barrels of oil. During Phase IX however, Mastek Sdn Bhd’s oil allocation rose to 39.5 million barrels. This coincided with the time when Abdullah Badawi cemented his position as the Deputy Prime Minister, after the sacking of Anwar Ibrahim. In fact, this was the single largest allocation of oil during the entire Oil-for-Food Programme…. selanjutnya.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: