How Daim’s China trip has to do with Mahathir’s sons (Part Two)
Daim Zainuddin is in China for two reasons.
First, he is seeking to tie some financial institutions he owns together with China’s CITIC Bank and Export-Import Bank (EXIM).
Second, he is seeking a quid pro quo that will ultimately see Dr Mahathir Mohamad’s son acquire the beneficial ownership of an oil and gas concern and the Chinese government committing to that concern.
The deal is expected to rake in some RM20 billion for Daim and gang from out of thin air.
THE THIRD FORCE
Daim Zainuddin is in China.
The Council of Eminent Persons (CEP) de facto chief, tasked with advising Dr Mahathir Mohamad on economic matters, is really there to negotiate the establishment of a banking nexus involving some financial institutions he owns together with China’s CITIC Bank and Export-Import Bank (EXIM). On the 15th of July 2018, The Third Forcetook the wraps of a conspiracy involving Daim and Tan Sri Vincent Tan to part finance the construction of the East Coast Rail Link (ECRL) project (READ FULL STORY HERE). Vincent, who currently is the beneficial owner of a local entity that jointly bid for the project, is seeking Daim’s assistance to provide that entity assistance in the form of soft loans.
The said entity, Syarikat T7 Global Sdn Bhd, happens to be an oil and gas service provider that both Mahathir and his sons have a great deal of interest in. On the 1st of June 2018, The Third Force made known the extent of control Mahathir’s sons once had over ExxonMobil’s upstream and downstream business within the region (READ FULL STORY HERE). Mokhzani Mahathir lost a chunk of that control in 2017 when he undertook to dispose of his 190.3 million stake in SapuraKenchana Petroleum Bhd (SK), an oilfield services company he established six years earlier together with childhood friend,Tan Sri Shahril Shamsuddin.
Mahathir wants that control back.
That explains why he’s interested in building a new island where the once disputed Middle Rocks cluster (known also as the Pedra Branca island) stands. After meeting Singaporean premier Lee Hsien Long on the 19th of May 2018, he quickly announced the scrapping of the Kuala Lumpur-Singapore High-Speed Rail (HSR) Link between Kuala Lumpur and the southern republic before making known his plan to expand Malaysian territory southward. The expansion involves the introduction of non-submerged land mass around the Middle Rocks cluster, which happens to sit within the eastern opening of the Singapore Straits and the western edge of the South China Sea.
