Onn Mahmud – brother of the billionaire chief minister of Sarawak, Taib Mahmud. Executive Chairman and major shareholder of Ta Ann Holdings (parent company of Ta Ann Tasmania), Datuk Abdul Hamed Sepawi, is the first cousin of Chief Minister Taib.*
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Sarawak Report: Onn Mahmud Is Flushed Out In Australia!
Australia’s respected Sunday paper The Age is bristling with headlines about Chief Minister Taib Mahmud’s brother Onn today.
“Tycoon dodges millions in land tax”, “Dubious dealings” and “Catch him if you can, the mysterious disappearance of Malaysia’s second richest man” are the titles for a series of detailed exposes about Onn, who was Taib’s key business nominee for several years, before being exposed as the recipient of millions in kickbacks from Japanese timber exporters.
The articles confirm Sarawak Report’s own exposes ( Sarawak Report, here and Tasmanian Times, January, here ) about Onn’s huge wealth and his tax dodges, which involved misleading the Australian authorities about the status of some of his companies.
Onn is now said to have been side-lined by Taib.
However, his finger-prints are all over companies set up for the Taib family world wide. The Age describes Onn as Malaysia’s richest man. It says the richest is Taib Mahmud himself!
“Onn Mahmud is the second-wealthiest man in Malaysia with an estimated fortune of more than $2 billion. Malaysia’s richest man is his brother, Taib Mahmud, chief minister of the eastern state of Sarawak, who is reckoned to be worth more than $15 billion. Much of that wealth has come through the family’s control of logging deals that over the past 30 years have levelled most of the tropical rainforest on the island of Borneo”.[The Age]
Enjoy the leading article in full below.
Then contemplate if Sarawak voters should be willing to vote back this shameless family of international crooks.
Read more, with links, Sarawak Report here
The Age: Tycoon dodges millions in land tax
April 28, 2013 Mark Baker Editor-at-Large, The Age
One of Asia’s richest tycoons has avoided tax on tens of millions of dollars in profits from Australian property deals over the past two decades.
Onn Mahmud – brother of the billionaire chief minister of Sarawak – has used an elaborate global financial network to export his earnings from a portfolio of Sydney commercial and residential properties worth an estimated $100 million.
Read Mark Baker’s reports in The Age here
*On Tasmanian Times: Legislative Council powerbroker Paul Harriss has championed the cause of Ta Ann Tasmania, including visits to Sarawak. This link incudes extensive links to earlier background articles on Ta Ann Sarawak and Ta Ann Tasmania … including TT finance analyst John Lawrence’s conclusion that Ta Ann Tasmania is a loss-making “dog …” ( here )
*Ta Ann Holdings is a Malaysian timber company which is very closely tied to the Sarawak administration and is a recipient of Taib’s political patronage. Executive Chairman and major shareholder of Ta Ann Holdings, Datuk Abdul Hamed Sepawi, is the first cousin of Chief Minister Taib. Sepawi is also a director of the state-owned Sarawak Timber Industry Development Corporation, which is the body charged with the oversight of the Sarawak timber industry. Ta Ann is therefore deeply embedded in a system widely condemned for extreme corruption. From here
