6^th July 2006

Yang di Pertua,

Dewan Rakyat,

Parlimen.

YB Tan Sri,

This is to give notice under Standing Order 18(2) to move a motion of urgent definite public importance on Monday, 10^th July 2006:

“That under Standing Order 18(1)  the House gives leave to YB Ahli Parlimen Ipoh Timur  Lim Kit Siang to move the following motion of urgent, definite public importance: Cabinet should set up Royal Commission of Inquiry to conduct public investigations into the  RM1.8 billion Tajuddin-MAS bailout, RM30 billion Bank Negara forex losses and other mega financial scandals in the past two decades to establish the  transparency, accountability, integrity and good governance of the present administration.

Without going into the suit and counter-suit between Danaharta and Tan Sri Tajudin Ramli over the RM1.8 billion sell-back of Tajudin’s MAS shares  to the government in 2000 at RM8 per share when the market price was only RM3.69 or a premium of RM4.32 or 117 per cent and regardless of the outcome of the  litigation, fundamental governance questions and public interest issues already in the public domain warrants immediate attention by Parliament and Cabinet, particularly with regard to the following questions:

1. Whether Parliament and the nation had been misled for a decade and more on (a) Tajudin MAS buyout of 32% stake in MAS in 1994 and the RM1.8 billion sellback to the government in 2000; and (b) the RM30 billion Bank Negara foreign exchange losses 1992-1994 as a result of speculation in the international currency market;

2. Whether Parliament and nation had been misled by the then Finance Minister, Tun Daim Zainuddin in his reply during question time in the Dewan Rakyat on March 21, 2001 making false claims, including:

(a)    that no special considerations were given to Tajudin in the buying of MAS shares from Naluri.

(b)    the suggestion that the RM8 per share for Tajudin’s MAS stake was the best price possible in the national interest;

(c)    that  Tajudin was a “reluctant seller” at RM8 per share when the market price was RM3.68.”

Thank you.

                                                                                                                 Yours sincerely,

                                                                                                                 (Lim Kit Siang)