| 1998-01-04 | Should Dato' Yong Teck Lee have sued before explaining? Dato' Yong Teck Lee has acquired the gravitas of Bolehland
leadership after less than two years in office, unlike his colleagues
elsewhere in the country who begin to show those signs only after two
general elections. In Bolehland, as is well known, that stage is
reached when heavy handedness, often accompanied by threats of legal
action, is flashed at any who dares question questionable deals the
state leaders tend to involve themselves in; that whatever they do
can only be in the national interest even it violates the laws of
the country. So, when he was questioned about the state's loss of
RM72 million (then) -- when it bought three million shares at
RM31.25 in a company called North Borneo Timbers -- by his
political opponents and by his own coalition partners, he instructed
his solicitors to sue them.
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| 1998-01-01 | Why is the Sabah chief minister so agitated? The Sabah chief minister, Dato' Yong Teck Lee, is a very angry man.
The opposition Parti Bersatu Sabah vice president Dr Yee Moh Chai
wanted to know details of the state investment arm, Warisan Harta, --
chairman Dato' Yong Teck Lee -- "investing" in North Borneo Timber by
buying three million shares at RM31.75, on the first day of trading
after its suspension. Actually, it dropped another 30 per cent in
the afternoon, and then by a similar amount over the next two days.
It hovers now around RM15. That it was bought on the first day of
the lifting of suspension, and first quote at sharp discount over
the pre-suspension price of RM45 should have alerted any half-way
decent fund manager that something was wrong, and the chief
minister's attack on those questioning the purchase, does, on the
surface, indicate that things are not what they seem.
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