WHO IS RENTAK HASIL: Exempted from export duty despite RM112mil revenue - PKR's Leiking


WHO IS RENTAK HASIL: Exempted from trade avocation despite RM112mil income - PKR's Leiking
We have several subject to the Minister of Plantation as well as Commodities, Tan Sri Bernard Dompok.
Tan Sri Bernard Dompok, the Minister of Plantation as well as Commodities, as well as myself come from the same state as well as district well well well well known as Penampang wherein the former, is additionally currently the Member of Parliament, Sabah.
I had helped Sdr Wong Chen to do some investigate upon the emanate of the Crude Palm Oil AP as well as detected in the Directory of Malaysian Exporters of Palm Products constructed by MPOB as well as published in 2010, which there were 6 companies which have voluntarily settled which they have been concerned in the trade of Crude Palm Oil (CPO). The 6 companies have been KLK, IOI, Kwantas, Felda, United Plantation as well as Rentak Hasil Sdn Bhd.
Of the 6 companies listed, five of them have been well sincerely well well well well known companies.
Searches
We had picked Rentak Hasil Sdn Bhd as an e.g. of the issues regarding CPO AP. It is additionally the single of the least well well well well known entities when compared to the alternative 5 companies aforesaid generally in the corporate world. Because the contact address of Rentak Hasil is in Kota Kinabalu, I decided to do some local investigate as well as inquiries. The searches done have been often from the outcome of the company poke from the Companies Commission of Malaysia (hereinafter referred to as "the CCM Search").
From the examination of the CCM Search, it would appear which two (! 2) share holders, namely, BENUA BITARA SDN. BHD. (a Sabah Based Company) as well as an Indonesian registered private singular company well well well well known as PT. MULTI SAWIT ALAM LIMITED have been co-owners of the Rentak Hasil Sdn. Bhd.
We have not been means to ascertain, as yet, as to who have been the shareholders of the "Indonesian Limited Company", though will do in due course.
We attach the copy of the poke formula of Rentak Hasil Sdn. Bhd. as well as Benua Bitara Sdn. Bhd. For now, the Directors of Rentak Hasil Sdn. Bhd., can be seen from the extract Company Search. They have been Datuk Robert Tan, William Tan as well as Lily Tan. The aforesaid personalities generally Datuk Robert Tan is additionally someway well well well well known to be linked with the road upkeep concessionaire with the Government of Sabah well well well well known as Kekal Mewah Sdn. Bhd.
The aforesaid Kekal Mewah Sdn. Bhd. has nothing to do with this matter during hand, though only referred to in flitting as it has been related someway to the single of the director of Rentak Hasil Sdn. Bhd. What you have been referring to unequivocally is the CCM Search formula of Rentak Hasil Sdn. Bhd.
Staggering revenue
Rentak Hasil Sdn. Bhd. in the MPOB Directory as well as in the inlet of commercial operation shown in the CCM Search had spoken which the inlet of commercial operation is the trade as well as exporting of Crude Palm Oil.
From the examination of the statement/returns of accounts settled in the CCM Search results, it was spoken which for the year 2009 Rentak Hasil Sdn. Bhd. had the income of RM 112 million. The amount is towering as well as this is where you subject the Government upon whether the issuance of the AP should be continued or otherwise? Imagine the outrageous trade concerned in only the single of the companies with the AP licence.
As an e.g. as well as which you base quite upon the CCM Searc! h result s, if the protected CPO AP Company similar similar to Rentak Hasil Sdn. Bhd. being an AP licensee, had as shown in the aforesaid CCM Search had sold or had the turnover of RM112 Million of Crude Palm Oil in 2009 during an normal price of RM2,200.00 per Metric Tonne, you can sincerely contend which they could have perceived around 50,000.00 Metric Tonne of Crude Palm Oil AP some-more or reduction as well as THEREBY probably carrying had been exempted from profitable an estimated trade avocation of around RM20 Million some-more or less.
Why should they get 'APs'
Our subject to the Minister here is:-
(1) What creates CPO AP licensee Companies similar to which of Rentak Hasil Sdn. Bhd. so special? That they have the payoff upon being granted the CPO AP license generally when they have been co-owned by an Indonesian singular company; How do you justify which such CPO AP license had been since to the foreign co-owned company during the responsibility of the Malaysian taxpayers?
(2) Whether companies similar to Rentak Hasil Sdn. Bhd. has met up with the pre-requisite condition such as carrying an Oil Palm Refinery abroad prior to reception this privileged CPO AP?
Darell Leiking, Deputy Secretary General of Parti Keadilan Rakyat
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