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Harakah eGroups

Subject: Perwaja and VK Lingam's RM 12 million

The Price Waterhouse report on Perwaja detailed a payment of RM 12
million soemtime in the early 90's to lawyer extraodinaire, VK Lingam,
for legal services -- his former boss at UMW was after all Eric Chia,
then head of Perwaja - and of course Lingam has other good friends --
see www.malaysia.net/special.

Now, Lingam has not said that he did not recieve the money, but
question-did he declare those fees for income tax purposes/ His records
from the IRD are :



Income Tax Reference No:  OG 526698-10
Plaza Podium 5044 Jalan Tun Razak Kuala Lumpur

Date            Balance RM            Tax Paid RM
24.07.92         14 679.69 DR               22 678.69
03.04.93         11 377.90 DR               64 450.96
04.05.94          3 864.92 DR                  8 598.66
11.02.95          8 388.36 CR                4 398.00
27.01.96        321 653.90 DR         1 074 726.70
01.04.97        424 034.56 CR                250 000.00
19.01.98        308 948.16 CR         1 426 007.10
14.09.99        1 173 660.52 CR           298 250.58


Now in the early 90's when the Perwaja money was received we can see
that Lingam probably DID NOT declare that income ( accepting that there
would have been deductions; but his is only a 2-3 man firm on rented
premises -- special rental arrangements quite likely given that premises
is rented from good friend Vincent Tan).

Then suddenly-we see that in the second half of the nineties-the IRD
actually OWES Lingam money-no small amount -about RM 1.2 million.  So
all though he paid about RM 1 milliion in 1996 -- which is the tax one
would roughly pay on RM 12 million -- now the IRD has decided that he
can have it back!

Such generosity-wouldn't it be nice if all of us could be treated in the
same way -- but never mind that BIG QUESTION:  What happened to that
RM 12 million from Perwaja?  Where did it go?  Why was it paid?
Would we ever know?