Tengku Razaleigh Hamzah, aslo known popularly as Ku Li, a UMNO veteran and Member of Parliament for Gua Musang, spoke to a huge crowd of Kelantanese about the oil royalty that the Federal government have to honour in lieu of the Petrolieum Development Act.
Watch and listen to his speech in 4 parts:
Looking at the way Ku Li explained, Kelantan government should be paid the oil royalty without further reference.
Now, the BN federal government has agreed to give RM20 Million by March 2010. Is this the correct amount due as per the agreement made?
Further more, the Kelantan State government must be given the 5% oil royalty payment and not to a body managed by UMNO.
There was a statement in the medias that Datuk Seri Utama Rais Yatim claiming that Tengku Razaleigh is wrong in his address and that the Act does not cover oil or gas found after a certain distance from the States? Tengku Razaleigh was the founder Chairman of Petronas in 1970's and he was then instructed by the then premier, Tun Abdul Razak to formulate the law to govern oil exploration in Malaysia. Can Tengku Razaleigh be wrong to what he said.
Tengku Razaleigh further claimed that 'wang ehsan' as payment by federal government to Kelantan and Terengganu is actually illegal by law and is not in accordance to the Act.
What is UMNO trying to do - trying to frighten everyone, so that Malaysia will be doom.
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