MP Lim Kit Siang
Malaysians have been repelled as well as angry by a cynical criticism of former Prime Minister, Tun Dr. Mahathir Mohamad who sought justification for a government's bail out MAS which resulted in a detriment of public supports on a specious ground which there were worse cases of bailouts after he stood down.
As example, he alleged which his successor Tun Abdullah lost about RM8 billion when he cancelled a stand in tracking as well as electrification project in between Johor Baru as well as Padang Besar.
This is a classic perverse Mahathirish illogic which could righteously argue which so long as there is a greater monetary liaison in after administrations underneath his successor-Prime Ministers, there is no need for him to feel remorse, guilt or responsibility for a gigantic detriment of public supports or for a miss of accountability, transparency, firmness as well as good governance with courtesy to a progressing monetary scandals underneath his watch.
This is utterly unacceptable.
The time has come for a full review as well as accounting of a RM100 billion waste in a monetary scandals of a 22-year Mahathir premiership generally as a Najib government does not appear to have learnt any doctrine from them.
The time has come for a full review as well as accounting of a RM100 billion waste in a monetary scandals of a 22-year Mahathir premiership generally as a Najib government does not appear to have learnt any doctrine from them.
The MAS bailout in December 2000 was a single of a monetary scandals of a Mahathir administration. It has been described as a first "double government bail out" in a world of a uneasy association as well as of a principal shareholder firstly, RM1.8 billion to bailout Tajuddin paying RM8.00 per share for his 29.09 per cent stake in MAS or some-more than stand in a marketplace price then; as well as secondly, a little RM10 billion to bail out waste incurred by MAS after Tajuddin's takeover from 1994 to 2000.
But a bailouts of Tajuddin as well as MAS do not appear to have ended unde! rneath M ahathir's premiership as well as have one after an additional right in to a Najib administration.
Malaysians have been entitled to know either a tentacles of Mahathir's misgovernance in a MAS liaison have reached in to a benefaction Najib administration department as to outcome in an additional bailout for Tajudin, in a form of a cancellation or retraction of a Kuala Lumpur High Court judgment of Dec. 7, 2009 grouping Tajudin to compensate Pengurusan Danaharta Nasional Bhd RM589.14 million with 2 per cent annual interest above a bottom lending rate of Malayan Banking Bhd backdated to Jan 1, 2006.
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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