It was recently reported that Burel Industries Sdn. Bhd has been awarded a RM13 billion project to build a petrochemical plant together with Sabah state owned entity, POIC Sabah.

Upon further investigation, we found that Burel Industries is in fact a dormant company registered in Malaysia in 2009 with only THREE shares issued worth RM3 in total. These shares are fully owned by Ingrit Holdings Pte Ltd, a company registered in Singapore that was incorporated in 2010.

In company documents, Ingrit’s principal activity is service activities incidental to oil and gas extraction with other holding companies as the secondary activity. However, Ingrit has been struck off the Singapore companies register as of 1 July 2017! This means an invalid, non-existent company is the official shareholder of Burel Industries – which has now secured a RM13BILLION deal with a Sabah State-owned entity!!