Ex-premier Dr Mahathir Mohamad likened the sale of RM1.7 billion Maju Expressway to a offered of approved permits. He said which a sale of MEX appears to be an practice of creation distinction at a responsibility of government's assistance. The main road was built regulating roughly RM976 million of supervision grant.
EP Manufacturing Bhd (EPMB), an automotive parts maker, had entered into an acquisition agreement with Maju Holdings to acquire MEX for RM1.15 billion as well as pretence debts totaling RM550 million, which will worth a understanding at RM1.7 billion. Maju's trainer Abu Sahid Mohamed is approaching to make a cool RM600 million++.
Mahathir is upset with a deal. However, a ex-strongman should be reminded which he was a author of these problems. Mahathir had combined a generation of leaders, businessmen as well as followers who have been contingent on government'slargess as well as handouts. However, these handouts have been getting bigger by a year.
The sum amount of grants as well as subsidies since out to cronies as well as businessmen linked to a government, often in a a name of NEP as well as natio! nal inte rest, should have exceeded billions. How most some-more can a supervision afford? How most some-more prior to this nation is starting to hit a monetary limit as well as risk of becoming insolvent?
As a result, this supervision is helping to create a really diseased culture. It has combined a generation of Malaysians who have been indiff! erent of government's benefit as well as assistance. Abu Said Mohamed should be done to compensate back a accede to amounting to roughly a billion ringgit. This income belongs to a people.
It is impending for Barisan Nasional to not usually repair this enlightenment of ungratefulness as well as free loading, it should repair a damaged domestic as well as governance system. Barisan Nasional is not usually a damaged bloc though it is also unable to retreat a slide into a sleazy domestic oblivion.
Without fixing a domestic enlightenment which promotes as well as uses patronage, grants, income as well as titles it will strech a indicate of sum breakdown. When this happens, a bloc will be used up as well as destroyed by a own follies.
The sale of Maju expressway is yet an additional proof which Umno has altered really little. Public accountability is still not in a party's vocabulary.
The inability or rejection of other member parties to benefit convince Umno to c! hange is starting to pointer their own death aver in a next general election.
If Mahathir says MEX sale is bad, it should stink sky high!
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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