Using supports from a Employee Provident Fund (EPF) to yield loans for a government's social housing intrigue is against a EPF Act 1991, pronounced DAP.
Its inhabitant publicity cabinet member Tony Pua (right) bloody Prime Minister Najib Razak as well as Federal Territories Minister Raja Nong Chik's "feeble attempt at justifying a make use of of EPF funds" for a scheme, which he pronounced abused a people's early retirement supports for political purposes.
"Firstly a prime minister must be castigated for having a cheek to explain which a RM1.5 billion is aninsignificantamount relative to a EPF fund size.
"Regardless of whether it is RM1.5 million or RM1.5 billion or even RM15 billion, a EPF supports must be managed stringently as well as not be subjected to abuse," pronounced Pua in a matter today.
He pronounced Clause twenty-six of a EPF Act available a fund to lend income to sovereign as well as state governments as well as registered corporate bodies in a country, but not to individuals, in this case, private home buyers.
Therefore, he said, a social housing loan ! intrigue i s in breach of a Act.
Its inhabitant publicity cabinet member Tony Pua (right) bloody Prime Minister Najib Razak as well as Federal Territories Minister Raja Nong Chik's "feeble attempt at justifying a make use of of EPF funds" for a scheme, which he pronounced abused a people's early retirement supports for political purposes."Firstly a prime minister must be castigated for having a cheek to explain which a RM1.5 billion is aninsignificantamount relative to a EPF fund size.
"Regardless of whether it is RM1.5 million or RM1.5 billion or even RM15 billion, a EPF supports must be managed stringently as well as not be subjected to abuse," pronounced Pua in a matter today.
He pronounced Clause twenty-six of a EPF Act available a fund to lend income to sovereign as well as state governments as well as registered corporate bodies in a country, but not to individuals, in this case, private home buyers.
Therefore, he said, a social housing loan ! intrigue i s in breach of a Act.
On Monday, Raja Nong Chik reportedly voiced an "easy financing scheme" for 20,000 authorised PPR tenants as well as intensity buyers who could not obtain bank loans.
The antithesis criticised a government forabusingthe people's early retirement assets for a BN's alleged "vote-buying on a whim".
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Read More @ Source The antithesis criticised a government forabusingthe people's early retirement assets for a BN's alleged "vote-buying on a whim".
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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