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

We have several question to the Minister of Plantation and Commodities, Tan Sri Bernard Dompok.

Tan Sri Bernard Dompok, the Minister of Plantation and Commodities, and myself come from the same state and district known as Penampang wherein the former, is also currently the Member of Parliament, Sabah.

I had helped Sdr Wong Chen to do some research on the issue of the Crude Palm Oil AP and discovered in the Directory of Malaysian Exporters of Palm Products produced by MPOB and published in 2010, that there were 6 companies that have voluntarily stated that they are involved in the export of Crude Palm Oil (CPO). The 6 companies are KLK, IOI, Kwantas, Felda, United Plantation and Rentak Hasil Sdn Bhd.

Of the six companies listed, five of them are well fairly known companies.

Searches

We had picked Rentak Hasil Sdn Bhd as an example of the issues regarding CPO AP. It is also one of the least known entities when compared to the other 5 companies aforesaid especially in the corporate world. Because the contact address of Rentak Hasil is in Kota Kinabalu, I decided to do some local research and inquiries. The searches made are mostly from the result of the company search from the Companies Commission of Malaysia (hereinafter referred to as “the CCM Search”).

From the perusal of the CCM Search, it would seem that two (2) shareholders, namely, BENUA BITARA SDN. BHD. (a Sabah Based Company) and an Indonesian registered private limited company known as PT. MULTI SAWIT ALAM LIMITED are co-owners of the Rentak Hasil Sdn. Bhd.

We have not been able to ascertain, as yet, as to who are the shareholders of the “Indonesian Limited Company”, but will do in due course.

We attach the copy of the search results of Rentak Hasil Sdn. Bhd. and Benua Bitara Sdn. Bhd. For now, the Directors of Rentak Hasil Sdn. Bhd., can be seen from the extract Company Search. They are Datuk Robert Tan, William Tan and Lily Tan. The aforesaid personalities especially Datuk Robert Tan is also somehow known to be linked with a road maintenance concessionaire with the Government of Sabah known as Kekal Mewah Sdn. Bhd.

The aforesaid Kekal Mewah Sdn. Bhd. has nothing to do with this matter at hand, but just mentioned in passing as it has been related somehow to one of the director of Rentak Hasil Sdn. Bhd. What we are referring to really is the CCM Search results of Rentak Hasil Sdn. Bhd.

Staggering revenue

Rentak Hasil Sdn. Bhd. in the MPOB Directory and in the nature of business shown in the CCM Search had declared that its nature of business is the trading and exporting of Crude Palm Oil.

From the perusal of the statement/returns of accounts stated in the CCM Search results, it was declared that for the year 2009 Rentak Hasil Sdn. Bhd. had a revenue of RM 112 million. The amount is staggering and this is where we question the Government on whether the issuance of the AP should be continued or otherwise? Imagine the huge trading involved in just one of the companies with the AP licence.

As an example and which we base purely on the CCM Search results, if a licensed CPO AP Company similar like Rentak Hasil Sdn. Bhd. being an AP licensee, had as shown in the aforesaid CCM Search had sold or had a turnover of RM112 Million of Crude Palm Oil in 2009 at an average price of RM2,200.00 per Metric Tonne, we can fairly say that they could have received around 50,000.00 Metric Tonne of Crude Palm Oil AP more or less and THEREBY probably having had been exempted from paying an estimated export duty of around RM20 Million more or less.

Why should they get 'APs'

Our question to the Minister here is:-

(1) What makes CPO AP licensee Companies like that of Rentak Hasil Sdn. Bhd. so special? That they have the privilege on being granted the CPO AP license especially when they are co-owned by an Indonesian limited company; How do we justify that such CPO AP license had been given to a foreign co-owned company at the expense of the Malaysian taxpayers?

(2) Whether companies like Rentak Hasil Sdn. Bhd. has met up with the pre-requisite condition such as having an Oil Palm Refinery overseas before receiving this privileged CPO AP?

Darell Leiking, Deputy Secretary General of Parti Keadilan Rakyat