• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Can We Stop A Heart Attack? How Longevity Care May Rewrite Prevention

May 13, 2026

Putin’s Assassination Fear Linked to Richard Gere Spy Movie

May 13, 2026

Memphis Grizzlies Forward Brandon Clarke Dies At 29

May 13, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Wednesday, May 13
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    A look inside a North Country primary feud

    May 13, 2026

    Have Trump And Musk Made Amends?

    May 13, 2026

    Trump Can Barely Walk As He Arrives In China With A Lumbering Thud

    May 13, 2026

    South Carolina Republicans tank redistricting, for now

    May 13, 2026

    Pennsylvania Supreme Court Justice Leaves Democratic Party

    May 13, 2026
  • Health

    Can We Stop A Heart Attack? How Longevity Care May Rewrite Prevention

    May 13, 2026

    Vance: $1.3B in Medicaid money to California will be deferred over fraud suspicions

    May 13, 2026

    Why Energetic Health Matters Now More Than Ever

    May 13, 2026

    The Doctor Shortage Is Getting Worse. Your Pharmacist Can Help

    May 13, 2026

    Trump DOJ intensifies push to restrict youth gender-affirming care

    May 13, 2026
  • World

    Memphis Grizzlies Forward Brandon Clarke Dies At 29

    May 13, 2026

    Farage Says Work Begins Now to Destroy the ‘Delusional’ Establishment

    May 13, 2026

    Neil DeGrasse Tyson Ruminates On How To Handle E.T. Encounters

    May 13, 2026

    At Least Six Dead Migrants Found in Trainyard near Texas Border

    May 13, 2026

    Trump Shares AI Image Of Democrats Bathing In Feces

    May 13, 2026
  • Business

    Another Key Inflation Measure Blows Past Forecasts

    May 13, 2026

    Prices Skyrocket To Highest Level In Years As Fallout From Iran War Continues Ravaging Economy

    May 12, 2026

    Reynolds Launches $3,200,000,000 Investment In America-Made Smokeless Nicotine

    May 8, 2026

    CEO Trolls Rival By Using Their Platform To Fund His Attempted Takeover Of Company — But They Aren’t Amused

    May 7, 2026

    Americans May Be Stuck Paying Wartime Gas Prices Long After Iran Deal

    May 7, 2026
  • Finance

    What is a perpetual DEX? A Wall Street primer featuring Decibel

    May 13, 2026

    Kevin Warsh wins Senate confirmation as the next Federal Reserve chair

    May 13, 2026

    Alibaba’s AI Business Is Booming, But Its Profits Basically Disappeared

    May 13, 2026

    Oil little changed as Trump heads to China; US oil stocks fall more than expected

    May 13, 2026

    B&G Foods positions for “transformational year” as guidance raised

    May 13, 2026
  • Tech

    EPA to Boost Reshoring, Manufacturing by Streamlining Permitting

    May 13, 2026

    ‘AI Is Here,’ ‘We Can Work With It,’ ‘You Fight It … Is a Battle We Will Lose’

    May 13, 2026

    Google Reports First Known Case of AI-Developed Zero-Day Exploit Used by Cybercriminals

    May 13, 2026

    Microsoft CEO Satya Nadella Takes the Stand to Defend Relationship with OpenAI

    May 13, 2026

    Suspect Allegedly Asked Chat GPT ‘How to Make Bomb’, Targeted Louvre

    May 13, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Controversial Billionaire and Malaysian State Leader Is Laid to Rest
Finance

Controversial Billionaire and Malaysian State Leader Is Laid to Rest

February 26, 2024No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Controversial Billionaire and Malaysian State Leader Is Laid to Rest
Share
Facebook Twitter LinkedIn Pinterest Email

Abdul Taib Mahmud, who ruled the East Malaysian state of Sarawak as a personal fiefdom for 33 years, delivered fantastic wealth to his family and a close-knit community of sycophants, has been laid to rest at a state funeral in Kuching following his death at the age of 87.

Known as Pak Uban or the “white haired uncle,” Taib announced his retirement as chief minister in March 2014, after amassing a fortune worth about $20 billion which at that time ranked his kin as the world’s fifth richest family, after the Walton family of Walmart fame.

As expected, hagiographers emerged from his home state following his February 21 death.

The Borneo Post carried the headline, “Remembering Sarawak’s Greatest Statesman,” and then quoted him as saying that the “politics of development is a holistic approach in balancing the whole spectrum of socioeconomic development.”

Hardly. Sarawak’s absolute poverty rates are among the worst in the country.

The Star quoted his last wife, 44-year-old Syrian-born socialite Raghad Kurdi, as saying: “No words can describe how much Taib meant to me,” after she took to social media to refute manic online claims that her husband had been abducted from a hospital.

But overall, Malaysian media outlets were unusually reserved in announcing his death. The official Bernama news agency noted national cabinet ministers had sent their condolences and Malaysiakini published an article under the headline, “Taib Mahmud, looking back at a senior leader’s checkered past.”

That was a veiled reference to the allegations – sometimes backed by overwhelming evidence – of gross corruption centered around illegal logging and dam construction in Sarawak, a state that was already blessed with substantial offshore oil and gas reserves.

See also  Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

Throughout his tenure Taib maintained a tight grip over the Christian-majority state within Muslim-majority Malaysia through malapportionment and gerrymandering, winning him a political fan club among the ruling elites in Kuala Lumpur.

His politicking ensured the ruling Barisan Nasional coalition, which had dominated Malaysian politics for decades after independence in 1957, maintained power at the national level.

Taib’s influence delivered 25 seats in the 2013 elections, ensuring then Prime Minister Najib Razak, who is now behind bars for corruption, kept his job. Najib and his wife Rosmah Mansor have also been tied to the murder of the Mongolian model Altantuya Shaariibuu.

Those political connections enabled Taib to establish a business reach via 400 companies across Sarawak and around the world with interests ranging from nine stock market listings and properties in the United States, Britain, Hong Kong, and Australia.

He was investigated by the Malaysian Anti-Corruption Commission (MACC), opposition politicians, the Tokyo Regional Tax Bureau, the Bruno Manser Fund (BMF), Global Witness, and the Sarawak Report among others. He escaped prosecution.

Some 55 non-governmental organizations took up a petition saying it would be a “national disaster” if Taib was made governor, or Yang Di-Pertua, of Sarawak following his 2014 retirement as chief minister. He was appointed governor and held that position until a month before his death.

But even in death his accounts are unlikely to be settled, at least not in the short term, amid reports that a family squabble is brewing with Taib’s children contesting Raghad for their father’s company shares through the courts.

The BMF says it wants those assets frozen and another probe launched into Taib’s bank accounts and other assets before they can be appropriated by his family.

See also  Wagner Chief Yevgeny Prigozhin Laid To Rest In Secret Ceremony

“We call on the MACC to reopen its investigation into Taib assets, which was closed in 2016 for political reasons,” BMF Executive Director Lukas Straumann said in a statement.

“During Taib’s tenure, Sarawak lost most of its primary rainforests. In the 1960s, 90 percent of Sarawak was still covered with primary forests while today less than 10 percent remain intact,” he said.

Industrial logging was met with fierce resistance by indigenous communities and Straumann added that Taib acquired “enormous wealth,” despite constitutional prohibitions that are supposed to prevent the Sarawak chief minister and governor from becoming involved in commercial enterprises.

Given MACC’s success in prosecuting Najib – despite the recent reduction in his sentence – such a suggestion is more than worthy of consideration and the lawsuits likely to emerge from Taib’s offspring should offer additional insights into how the family of a Malaysian bureaucrat obtained so much money.

Billionaire Controversial Laid Leader Malaysian Rest State
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What is a perpetual DEX? A Wall Street primer featuring Decibel

May 13, 2026

Kevin Warsh wins Senate confirmation as the next Federal Reserve chair

May 13, 2026

Alibaba’s AI Business Is Booming, But Its Profits Basically Disappeared

May 13, 2026

Oil little changed as Trump heads to China; US oil stocks fall more than expected

May 13, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Quran Burning Not ‘an Example of Freedom of Expression’

September 22, 2023

Jeeves and Wooster Tales Censored to Spare Delicate, Modern Sensibilities

April 20, 2023

Nokia Misses Estimates Citing Squeeze on Customer Spending

April 20, 2023

The writer who helps doctors share their stories — and their pain

August 30, 2023
Don't Miss

Can We Stop A Heart Attack? How Longevity Care May Rewrite Prevention

Health May 13, 2026

This photo taken on July 19, 2021 shows two men jogging as Mount Fuji, some…

Putin’s Assassination Fear Linked to Richard Gere Spy Movie

May 13, 2026

Memphis Grizzlies Forward Brandon Clarke Dies At 29

May 13, 2026

What is a perpetual DEX? A Wall Street primer featuring Decibel

May 13, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,359)
  • Entertainment (4,480)
  • Finance (3,357)
  • Health (2,026)
  • Lifestyle (1,876)
  • Politics (3,212)
  • Sports (4,178)
  • Tech (2,086)
  • Uncategorized (4)
  • World (4,227)
Our Picks

Adjusting Pakistan’s Tech Sector Priorities 

November 9, 2023

Elon Musk’s Brain Implant Company Neuralink Says It Has US Approval to Begin Trials in People

May 28, 2023

Female Pool Player Forfeits Tournament over Trans Opponent

November 15, 2023
Popular Posts

Can We Stop A Heart Attack? How Longevity Care May Rewrite Prevention

May 13, 2026

Putin’s Assassination Fear Linked to Richard Gere Spy Movie

May 13, 2026

Memphis Grizzlies Forward Brandon Clarke Dies At 29

May 13, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.