Ex-premier Dr Mahathir Mohamadlikenedthe sale of RM1.7 billion Maju Expressway to the offered of authorized permits. He said that the sale of MEX appears to be an exercise of creation profit at the responsibility of government's assistance. The highway was built using roughly RM976 million of supervision grant.
EP Manufacturing Bhd (EPMB), an automotive tools maker, had entered in to an acquisition agreement with Maju Holdings to acquire MEX for RM1.15 billion as well as pretence debts totaling RM550 million, that will value the understanding at RM1.7 billion. Maju's trainer Abu Sahid Mohamed is approaching to have the cool RM600 million++.
Mahathir is upset with the deal. However, the ex-strongman should be reminded that he was the creator of these problems. Mahathir had created the era of leaders, businessmen as well as supporters who have been dependent upon government'slargess as well as handouts. However, these handouts have been removing bigger by the year.
The sum volume of grants as well as subsidies since out to cronies as well as businessmen related to the government, mostly in the the name! of NEP as well as national interest, should have exceeded billions. How most some-more can the supervision afford? How most some-more prior to this nation is starting to strike the monetary limit as well as risk of becoming insolvent?
As the result, this supervision is assisting to emanate the really unhealthy culture. It has created the era of Malaysians who have been unappreciative of government's assistance as well as ! assistan ce. Abu Said Mohamed should be done to pay behind the accede to amounting to roughly the billion ringgit. This money belongs to the people.
It is pertinent for Barisan Nasional to not usually repair this enlightenment of ungratefulness as well as free loading, it should repair the damaged domestic as well as governance system. Barisan Nasional is not usually the damaged coalition but it is also unable to reverse the slide in to the slippery domestic oblivion.
Without fixing the domestic enlightenment that promotes as well as uses patronage, grants, money as well as titles it will reach the indicate of sum breakdown. When this happens, the coalition will be used up as well as destroyed by the own follies.
The sale of Maju expressway is yet another explanation that Umno has altered really little. Public burden is still not in the party's vocabulary.
The incapacity or unwillingness of alternative component parties to assistance convince Umno to change is starting to pointer their own death aver in the next general election.
If Mahathir says MEX sale is bad, it should scent sky high!
Posted byKhoo Kay Peng
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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