Datuk Seri Bung Moktar Radin (Lamag-Umno) has questioned the Sabah government’s decision to award a major mining licence to a company with just RM100 in capital and outstanding liabilities, warning that such a move could result in financial losses for the state.

Bung zeroed in on the little-known Lincah Hebat Sdn Bhd, which had recently gone viral over its alleged financial standing.

“I’m not questioning the awarding of the licence – what I question is the company’s eligibility. Their paid-up capital is RM100. Initially, they were given 43,000 hectares, then reduced to 17,000.”

“In their records, the company has liabilities of RM17,000, and debts amounting to RM3,800. How can a company like this operate?

“They’re nearly bankrupt, yet they were given a prospecting licence,” said Bung during his debate on the Head of State’s policy speech on Monday. 

Bung warned that decisions like these risk undermining public trust in the state government’s economic management.

“When the people raise concerns, don’t respond by accusing them of being disloyal or hiding behind failure. Accept that there are shortcomings. Don’t be angry,” he said.

Bung also revisited a controversial proposal to build a cement plant between Pinangah and Tongod, questioning its viability and the motivations behind it.

“I was told that the company which was collaborating with the state government has pulled out. All of them have left.” 

“And I was also informed by villagers that there are logging activities going on. I’m not sure. I want the government to answer this.

“Is it true that the cement factory was not established? From the beginning, I objected to the idea of building a cement plant in the middle of the forest – no roads, no electricity, no water,” Bung said. 

He warned that while the government touts development, such poorly planned projects could end up hurting the state more than helping it. – April 14, 2025