Yong Teck Lee & Millions of $$$ Loser Deal

By DATUK THAM NYIP SHEN

Yong Teck lee & Ambrose Lee. Double Lee & double crooks. Yong is all about money.

When Yong Teck Lee was Sabah Chief Minister, he approved a share swap deal whereby 32 million in blue chip MISC shares for shares in trading company North Borneo Timber Corporation (NBT) and fast-food company Sugarbun Corporation Bhd.

MISC shares were disposed of at RM5.70 per share with a value of RM182.4 million and traded with three million NBT shares at RM32 each or RM96 million and 4.67 million Sugarbun shares ot RM7.60 each or RM36.176 million.

While MISC shares are now worth RM8.70 per unit or a total of RM278,400,000 today, Warisan Harta has ended up with a bundle of worthless paper. Would the real Yong Teck Lee come forward and explain this debacle instead of putting up the burden to explain on Ambrose Lee alone.