Taken from SarawakReport.org
Sakto Canada/Sakti US
When you have dozens of properties and as many companies to manage them it is always a good trick to stick to similar names. Sarawak Report can exclusively reveal that there is a US arm to the Taib family’s North American property empire.
However, one of these companies is not so named. Wallyson’s Incorporated, based in Seattle, operates what is known as the Abraham Lincoln Building. The Abraham Lincoln Building houses a top secret FBI (Federal Bureau of Investigation) facility and to enter requires maximum security clearance.
Taib company history in the USA
Also like Sakto, Sakti is currently managed by Sean Murray, husband of Jamilah Taib, who is the daughter of Abdul Taib Mahmud, Chief Minister of Sarawak (salary 20,000 Malaysian Ringgit per month). Sean Murray was re-named Hisham Murray when he converted to the Muslim faith on his marriage to Jamilah, but never uses this name in his business or social capacities outside of Sarawak.
However recent court documents deposited with the San Francisco Superior Court show that the company has always belonged to the Taib family. Sakti makes several key acknowledgements in its deposition to the Court, which are therefore incontestable. The company admits that Sakti was incorporated in California in 1987 and that it was initially managed by Mahmud Abu Bekir Taib. The documents state “The Defendants [Sakti International Corporation] admit that beginning September 10, 1987, Sakti’s designated Chief Executive Officer, Secretary and Chief Financial Officer was Mahmud Taib”.
Previous revelations in Sarawak Report have proved that Mahmud Taib, the eldest son of the Chief Minister, was also an original Director of Sakto in Canada, formed in 1983, along with his sister Jamilah and their uncle Onn Mahmud, the Chief Minister’s brother.
When Sakti was incorporated in 1987 Mahmud Taib was 27 years old and his brother Rahman Taib was just 20. However, the youthful brothers were supported in their roles by the involvement of other close family members. Two of the Chief Minister’s brothers (Mahmud Taib’s uncles) joined him as the original directors of the company. The deposition by Sakti says “[The] Defendants admit that the original members of Sakti’s Board of Directors were Onn Mahmud, Arip Mahmud and Mahmud Taib”.
Equally significantly Sakti admits that the shareholders of Sakti are all the Chief Minister’s own children or his brothers. The document deposited by Sakti International Corporation states ”the original shareholders of the company were Mahmud Taib, Onn Mahmud, Jamilah Taib, Arip Mahmud, and Rahman”. It goes on to confirm that “Mahmud Taib, Onn Mahmud, Jamilah Taib, Arip Mahmud and Rahaman are still shareholders of Sakti Holdings” (the company into which the shares have been moved).
Sarawak Report therefore invites Mr Murray to declare whether he currently holds any shareholdings in the companies he directs, or if he is merely an employee of his wife’s family.
Sarawak Report also invites the Taib family to explain how between 1983 and 1987 they were able to invest millions of dollars in the setting up of two property companies in Canada and the US, whose combined portfolios are now worth at at least US$200,000,000. Of the original shareholders, Jamilah, Rahman and Mahmud (the children of Chief Minister Abdul Taib Mahmud) were in their early twenties and at college at that time, while the other two shareholders, Arip and Onn, are the Chief Minister’s brothers. If the money was all coming from the two uncles, who are purported to be businessmen, then their generosity in including the Chief Minister’s children rather than their own in these shareholdings is surprising.
Time for some answers
Sarawak Report believes that the people of Sarawak deserve an immediate explanation of these facts from Chief Minister, Abdul Taib Mahmud. The Chief Minister should instantly reveal whether he holds or once held a stake in these companies in North America and if any of the money invested was provided by him. If Taib Mahmud is the beneficial owner of any of the shares in these companies the Sarawak taxpayer is entitled to know he obtained them. Malaysia’s law enforcers should be enquiring on their behalf.
Taib’s wife, brothers and children are all linked to these North American companies. It is for Taib to now demonstrate that somehow he is not also linked as a beneficial owner of these lucrative properties