Sunday, August 11, 2019

BANK NEGARA - KICK OUT KHADIJAH OF PADU SONGLAP



CEO of PADU,  Khadijah Abdullah, signed all the “Surat Setuju Terima” (SST) and the cheques for all payments made to the Special Purpose  Vehicle Account known as “Utusan – Epiweb Collection Account”.

PADU dished out fund wantonly as though the public funds from MCMC that were held in trust by PADU belongs to the little napoleons namely, the then CEO  Khadijah Abdullah and Ahmad Izzat Ahmad Zaki, the CFO of Padu.
After leaving PADU on 31 May 2019 Khadijah Abdullah was specially “head hunted” by Bank Negara Malaysia to head one of its important outfits dealing with “Financial Literacy”.  So if one wants to be noticed, appreciated and promoted to a majestic height in Bank Negara Malaysia then one has to emulate Khadijah Abdullah’s style of “financial literacy”/zero governance in PADU.

On or about 22 June 2017 delivery of scandalous tablet project of PADU for Phase 1 and 2 was not completed as per the “Surat Setuju Terima” (SST), which was signed by the CEO of PADU for RM50 million (Phase 1); RM 52 million (Phase 2).  Phase 3’s SST valued at RM49,985,605.00


PADU’s Cheque Payments To The Special Purpose Vehicle Account 




The first 35% payment should be RM17,484,961.75 (35% X 49,985,605 = RM17,494,961.75) under the said SST for Phase 3 but PADU under the leadership of Khadijah Abdullah rounded it up and paid RM17.5 million, which was above the payment schedule as per SST terms dated 22 June 2017. What the fuck?


The second 25% payment should be RM12,496,401.25 ( 25% X RM49,985,605.00 = RM12,496,401.25) and PADU rounded up to RM12.5 million which again above the payments schedule as per the SST dated 22 June 2017
These two payments of 35% and 25%  were made in total violation of the PADU’s very own SST terms.

Total Fund Received From MCMC


Total sum received from MCMC.

The funds for Phase 3 from MCMC were received in PADU account on 22 June 2017 (the same day PADU/Khadijah Abdullah issued the SST) and 28 June 2017! The fund was wired to PADU in two transactions as can be seen from the table above.
To date the total fund received by PADU from MCMC is RM309,879,325.00. PADU only paid out about a  total of RM269 million to the special purpose vehicle account. There is a balance of un-utilized MCMC Funds of about RM41 million in PADU’s bank account. 
Although MCMC had demanded for the said balance to be returned to MCMC a few months ago but PADU came out with unacceptable excuses to keep the said balance.  Of course, MCMC didn’t set in motion for the return of the said balance sum.
The responsible officers in MCMC must accept the blame for the wanton disbursement of Funds via wire transferred with zero governance. The MCMC Funds should have been paid to MOE and not direct to PADU. The then KSU objected to the payment made direct to MOE because of the difficulties of disbursing it from MOE! What the fuck!

The first drawdown in PADU account was RM30 million (also on 22 June 2017) and the second drawdown of RM20 million  to PADU account was on the 28 June 2017.  
Immediately upon receiving the funds from MCMC on the 22 June 2017, PADU couldn’t wait to pay out all the RM30 millions in two cheques as shown above to the special purpose vehicle account, “Utusan-Epiweb Collection Account”.  As per the contract between Utusan and PADU, there was no provision for payments to be made to the special purpose vehicle. Therefore, PADU should have made all payments to Utusan. But payments to the special purpose vehicle account was the modus operandi of Khadijah Abdullah (the then CEO of PADU) and  Ahmad Izzat Ahmad Zaki (CFO of PADU).

Phase 3  Supported By Statutory Declaration By Utusan 


On 22 June 2017 another statutory declaration was produced by Utusan to undertake that it will complete the deliveries of the tablets under Phase 1 and 2. How about that for governance in PADU?  PADU had been vendors “friendly” as far as the scandalous tablet deal was concerned. 
In order for PADU to issue the SST for Phase 3,  a scheme was blatantly hatched by the little napoleons in PADU to circumvent the previous contracts not fulfilled by Utusan and more importantly to facilitate the issuance of SST for Phase 3 so that payment of the first 35% and second payment of another 25% totalling RM30 million could be dished out to the special purpose vehicle account, “Utusan-EPIWEB Collection Account” and thereafter to two special entities R… and N… .

Using SD To Waive Delivery Of Tablets For Phase 1 & 2 – Board of Trustees Papers (extract)




A source in MOE revealed that despite the SST/contractual obligations for the scandalous tablets were not fully completed and yet Ahmad Izzat Ahmad Zaki, the CFO of PADU, saw it fit to prepare a Circular Resolution for the Board of Trustees of PADU to approve and the issuance of SST for Phase 3 based on waiver of the condition precedent for delivery in Phase 1 and 2.
On 22 June 2017 upon PADU signed the SST and acceptance by Utusan all on 22 June 2017, and on the 22 June 2017 itself, PADU issued the above two cheques for RM17.5 mil and RM12.5 mill totalling RM30 million. PADU was an extremely efficient paymaster when it comes to paying to the said special purpose vehicle account.

Why RM 10,402,690.25 Was Paid Out from the Special Purpose Vehicle Account To Redberry Sdn Bhd, an outfit of Dato’ Siew Ka Wei? 

Thereafter, under Phase 6  RM10,402,690.25 was paid out from the said special purpose vehicle account to Redberry Sdn Bhd, which is an outfit of Dato’ Dr Siew Ka Wei, the former chairman of Tourism Malaysia and executive chairman of public listed Ancom Bhd and MD of Nylex Bhd.  Dato’ Siew is also the MD for Redberry Media Group, the owner of Malay Mail.

The arrest and detention of Dato’ Dr Siew Ka Wei and Elizabeth Ken, the CEO of Geeko Tech Sdn Bhd and media specialist of Redberry Media group, which is an outfit of Siew ka Wei.

On 9 January 2019 Dato’ Dr  Siew Ka Wei and Ms Elizabeth Ken were arrested and detained by MACC for four days.  Up to this date both of them have not been charged by MACC.

“Mesyuarat Pre Council Jawantankuasa Tindakan Laporan Ketua Audit Negara Mengenai Laporan Ketua “Autar” Negara”

A reliable source in MOE said that “Jawantankuasa Siasatan Tadbir Urus Perolehan dan Kewangan Kerajaan” under PMO and Jawantankuasa Siasatan Ketua Audit Negara not Ketua “Autar” Negara are now investigating into this tablet scandal and balance of funds from MCMC.
A meeting “Mesyuarat Pre Council Jawantankuasa Tindakan Laporan Ketua Audit Negara Mengenai Laporan Ketua “Autar” Negara  was held led by Jabatan Audit Negara with the top brass of MOE to investigate into this tablet scandal.

MOE Should Suspend CFO of Padu, Ahmad Izzat Ahmad Zaki and Special Officer to CEO, Azrul Satria bin Abdul Rahim


How could the said two ‘Jawatankuasa Siasatan” have a proper in-dept investigations when the two key little napoleons/players of this tablet scandal namely, Ahmad Izzat Ahamd Zaki (CFO of PADU) and Azrul Satria bin Abdul Rahim (Special Officer to the CEO) have not been suspended?  In any investigation of such nature the key players should be suspended until the end of the investigations. But not in MOE!

Board of Trustees Of PADU

Could the above manourvering and trickery be so smooth sailing if the Board of Trustees, comprised of Tan Sris and Datuks, of that material time not complicit? The then members of the Board should also be held responsible for all the wrong doings in PADU which has resulted in a waste of few hundred million of public funds.

Why Is The Minister Of Education Playing Dumb On The Scandalous Tablet Issue?

It is most unfortunate that the Minister of Education is still playing dumb on this RM306 million tablet scandal!

MACC & Bank Negara Malaysia

Yours truly calls upon SPRM/MACC to investigate into the wanton disbursement of RM309 million of MCMC Funds into the said special purpose vehicle account and Governor of Bank Negara Malaysia to explain on what basis Khadijah Abdullah was appointed to head or be part of one of its important outfit dealing with “Financial Literacy” for Malaysia. It is hoped that cronyism has no role to play in Bank Negara Malaysia.
(adapted after WeeChooKeong)

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