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The Continuing Saga of Taib Mahmud's Greed |
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Friday, 18 April 2008 17:39 |
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How Sarawak's Timber Wealth Benefits a Few at the Expense of the Many
Extracts from David Brown's doctoral dissertation "Why Governments Fail to Capture Economic Rent: The Unofficial Appropriation of Rain Forest Rent by Rulers in Insular Southeast Asia Between 1970 and 1999" (374 pages) will be posted in Sarawak Headhunter from time to time, but those who want to download, read, keep and distribute the whole dissertation will find it HERE.
For how long more do Sarawakians want to put up with Taib, his family and cronies' blatant abuse?
Even Taib's bomoh earned much more than many normal businessmen or professionals, or was this passed back to Taib?
As David Brown says:
"What we learn is that the family of Indonesia's former President Suharto earned $5 million from a single timber concession in a single year. It also tells us that the bomoh for Sarawak's Chief Minister Taib, who may be thought of as a proxy, earned $4.8 million from a single concession in a single year. As to Sabah, Kitingan's lawyer appropriated $275,000 a year from his shareholding in a timber concession".
"Finally, and by far the most important, the story I uncovered is an important one: heads of state had appropriated money crucial to the economic development of the states they governed while destroying an irreplaceable biological treasure. The next three chapters tell this tragic story".
-- Al Tugauw Sarawak Headhunter
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