By John Donovan
There is currently a discussion on Malaysian blog sites about what has happened to the billions in income and profits from the state owned energy giant, Petronas.
The company is controlled by a thoroughly corrupt government and has special arrangements in place with oil companies like Shell who are accommodating in making financial arrangements in return for a share of the booty. “Datak” Jon Chadwick, now a Shell Gas & Power VP, received a title from the Malaysian government for his co-operation with the corrupt regime during his unfortunate tenure as County Chairman of Shell Malaysia.
The following is a newspaper report on how one bent Malaysian politician has enjoyed his share of the spoils from rampant corruption in Malaysia which has destroyed the credibility of the judiciary, the Police and every other part of the current establishment.
Turkey’s Hurriyet Newspaper
Malaysian Prime Minister here to see his boat
17 Dec 2006
Malaysian Prime Minister, Abdullah Ahmed Badawi arrived in Bodrum yesterday to see his boat which he ordered four months ago. Badawi arrived in Bodrum at 1.30 am with a private jet that belongs to Malaysia Airlines.
The head official of Milas, Bahattin Atci, and Malaysian businessman Ananda Krishnan, who is the sixth richest man in Asia, welcomed Badawi. Kamil Sezgun, who is the director of Kobra Yachting and Tourism Ltd Co, was also present.
Badawi and his friend Krishan went to Gokova for fishing with a luxury motor yacht belonging to Kremala Holding, which was brought over here from Malta. The luxury yacht “Obsessions” is 40-meter long, made in the Netherlands and the captain of the yacht is Cavit Kabak. The yacht was anchored in Milta Marina.
Badawi said he loves Bodrum and south Aegean and the Mediterranean so much. It’s a great pleasure for him to be here fishing and resting on the line (horizon) that connects blue and green (ocean and land).
The boat will cost 8 million dollars
The boat is made of Akaju, Maun, Sipo and Brimanya’s tree which is imported from South Africa. It is expected to be completed in 16 months. Some 60 people are involved in the construction of the boat. The boat will be delivered after 12 months (since he ordered it four months ago). The capacity of the boat is for 14 people and the length is 44 meters. The boat will cost 8 million US dollars.