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Insider: Tharman and Rotary Engineering

WayangPartyClub

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Coffeeshop Chit Chat - Insider: Tharman and Rotary Engineering Subscribe
From: kojakbt22 Jun-20 4:15 am
To: ALL (1 of 15)

15574.1

Just had lunch with a friend who has some inside info about Tharman and Rotary Engineering's boss, a guy called K P Chia. Apparently, their relationship is quite cozy. This friend's info typically quite "chun" so I will tend to believe his story.

Apparently, Chia, using his company (public listed) to donate quite a big sum of money to Tharman's constituency (Jurong GRC). Some involves grassroots, CC etc. So Tharman has a big financier financing the bulk of his grassroot activities etc. Here's one I found on the net:

http://www.channelnewsasia.com/stories/singaporelocalnews/print/301292/1/.html

...Also giving it their all were Education Minister Tharman Shanmugaratnam and fellow MP for Jurong GRC, Cedric Foo, as well as Rotary chairman Chia Kim Piow. After 20 minutes of exercise, it was onto the cross-trainer for an eight-minute workout.

The event raised some S$100,000 for charity, and an additional S$79,000 was donated to the company's scholarship fund. The fund will help support the academic pursuits of children of Rotary employees. It was the first time the company has held a mass exercise event at Jurong Island but Rotary says it has been encouraging a better work-life balance through regular health screenings...

And in fact, Tharman has also praised Chia publicly a few times. Here's one I found too:

http://www.parliament.gov.sg/reports/public/hansard/full/20070215/20070215_HR.html

Rotary Engineering is another example. It was founded by Chia Kim Piow with a few friends in the 1970s. He was like many others at the time, not much education, nothing beyond secondary four - no diploma or degree. Everything was learnt on the job. Rotary began by handling electrical installations and sub-contracting for the big oil refineries. It now builds big oil refineries. Today, Rotary is one of Asia's leading engineering companies in oil and gas infrastructure. Very active in China and India, and now moving into the Middle Eastern market with Saudi Arabian partners.

In return, of course, Rotary also gets very good preferential treatment from Gahment. In fact, Rotary got a couple of awards recently too:

http://www.scawards.com.sg/press_09_04_24_banking-on-human-capital.html

Almost exactly a year ago, Chia Kim Piow and Rotary Engineering, the company he founded over 30 years ago, were awarded the prestigious Enterprise Award at the Singapore Business Awards. He told this writer then: 'Don't write it so that we're too good. We're just a very modest company.'

It's a claim that's holding less and less water for Mr Chia and his company, which does engineering and construction work for the oil and gas industry, specialising in energy storage and distribution terminals. This year, Mr Chia has another medal to make a growing tally - the Best CEO award at the Singapore Corporate Awards in the mid-cap $300 million to $1 billion category, shared with Boustead Engineering's Wong Fong Fui.

It just goes to show that Singapore is no different. That the rich and the powerful are always in cahoot together scratching each other's back, helping one another...



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WayangPartyClub

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From: kojakbt22 Jun-20 4:29 am
To: ALL (2 of 15)

15574.2 in reply to 15574.1

Ah... almost forgot about this juicy part of the story. Apparently, this Chia fella is not as great as the gahment trying to make him out to be. There are also a lot of "controversies" in this guy.

One of his mistress is actually working inside his Group. This mistress is said to be a mama-san originally from Malaysia. He picked her up earlier and ever since, this mistress has been following him and working for Rotary group. Her name is Kellin:

http://www.reuters.com/finance/stocks/officerProfile?symbol=ROTE.SI&officerId=786676
Kellin Tham is the Managing Director of Rotary Electrical Company (Private) Ltd as well as General Manager of Rotary Logistics Pte Ltd, a one-stop shop logistics provider offering integrated warehousing, material logistics, procurement and total supply chain management services. Since 2001, she has played an instrumental role in overseeing the Group’s local and overseas projects’ procurement needs as well as that of many international clients. In 2008, Rotary Electrical & Instrumentation Pte Ltd was added to Ms. Tham’s portfolio and since assuming stewardship as its’ Managing Director, she has continued to steadily grow the subsidiary’s business. Ms. Tham is also the Managing Director of the Group’s subsidiary, Supermec Private Ltd.

Apparently, she is made in charge of procurement of all the raw materials used by the projects in the group. This is how they do it. Procurement is done thru a subsidiary (dont know which one above) and the subsidiary will levy something like a 5% service charge on top of the value of the raw materials acquired. So, the 5% becomes the "profit" for the subsidiary paid by the parent public listed company (ie, public money).

This subsidiary is majority owned by Rotary of course but the minority stake is owned by Kellin or her front. Every year, they will declare dividend out of the subsidiary's profit and Kellin will get her minority portion which is still very very large considering the amount of raw material needed by Rotary Group. Of course lah, this amount is then "shared" between Kellin and boss Chia personally lah... everything is above board. In the end, it's the small shareholders of Rotary who kenna screwed.

Hmm... I wonder if Tharman knows about all these? he he



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Edited 6/20/2009 4:31 am by kojakbt22
 

t123

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KP Chia is the co chair for SIngapore Shenyang Trade comm Tharman is the Chairman. Tharman every year support the contractors' association in Jurong Island, their 7th month celebration. Every year even he tossed out 2 bottles of red wine, KP bid it for 30K. What do u think their r/s are? The contractors next target is Lee Yee Shyan.
 

shOUTloud

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Mistress? Giving $$ to PAP? So far ok with me.

If give money to Tharman's constitutency means cannot have mistress then wayangpartyclub is ushering in a new era of morality to Singapore.

need more juicy things such as someone helps someone run away from jail or wahtever
 
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