December 7, 2006

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US$100M as Commission for Sale of 3 Submarines?


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from Malaysiakini:

The Defence Ministry has denied having paid a Malaysian-owned company US$100 million (RM370 million) as a commission for a multi-billion ringgit deal involving submarines.

Lim alleged that a company run by political analyst Abdul Razak Baginda had received athe lucrative commission. The latter also heads a think-tank specialising in defence and strategic issues.

According to Lim, Abdul Razak was roped in to strike the RM4.1 billion deal between the government and a French-Spanish joint venture, Armaris.

Under the deal, the government would, among others, purchase two Scorpene submarines (left) and a Agosta submarine from Armaris.

woah…does this sound like a major conspiracy or what? First, the Altantuya Murder, now the US$100 million commission?

btw, anyone knows how to become a submarine salesman? I want to be one =P

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