Tuesday, January 10, 2006

2nd Penang Bridge in Trouble?


NAJEM Posted by Picasa

The esoteric philanthropist, who has a self-professed worth of USD46 billion claimed that he had bought a helicopter for Makna. He had purportedly purchased a RM25 million property to build a 600-bed hospital for the Malaysian National Cancer Council (Makna).

Other Claims:

He is building an "underwater city" in Dubai to be completed over the next few years.

He is building a 570-unit apartment building in Dubai for the handicapped.

He is financing the RM2 billion Penang Bridge ...

... and he has RM4 billion in Malaysian banks, and is now renting an apartment at RM10,000 per month, while he owns several apartments and bungalows in KL; "I like to live modestly and alternate between my Villa Putra apartment and my other six apartments and three houses." (He has too many houses and he prefer to rent and stay at the current.)

He has 95 companies operating in Malaysia. His business in Malaysia is done through Cash-Discovery Network (M) Sdn Bhd, Trident Pillar Sdn Bhd and Ocean Wealth Capital Sdn Bhd (He has not yet acquired any Public Listed Companies but may be eyeing Khazanah, Tabung Haji, Ethos Consulting, MAS and probably UMNO and UMNO Youth)

... and Ah Loong is looking for him; flower bills of not paid; office renovation not paid; etc.

"Don’t they know that I helped Malaysia in the building of the Penang Bridge by extending US$2 billion (RM7.6 billion) to the main contractor?" Najem said.

What's going to happen to the new bridge project for Penang? The government had approved the project based on the fact that the consortium had secured full financing?

I hope Najem do have the RM7.6 billion ready for Penang Bridge and RM1.04 billion for Magna.

2 comments:

Howsy said...

He should seek some serious medical attention for his brain illness now...

lucia said...

whoaa! what is he going to claim next? petronas tower? putrajaya?