Ex-premier Dr Mahathir Mohamadlikenedthe sale of RM1.7 billion Maju Expressway to a offered of authorized permits. He said which a sale of MEX appears to be an exercise of creation distinction during a responsibility of government's assistance. The main road was built using roughly RM976 million of supervision grant.
EP Manufacturing Bhd (EPMB), an automotive parts maker, had entered into an merger agreement with Maju Holdings to take MEX for RM1.15 billion as well as assume debts totaling RM550 million, which will value a deal during RM1.7 billion. Maju's boss Abu Sahid Mohamed is expected to have a cold RM600 million++.
Mahathir is dissapoint with a deal. However, a ex-strongman should be reminded which he was a author of these problems. Mahathir had created a era of leaders, businessmen as well as supporters who have been dependent upon government'slargess as well as handouts. However, these handouts have been getting bigger by a year.
The sum volume of grants as well as subsidies given out to cronies as well as businessmen linked to a government, often in a a name of NEP as well as inhabitant interest, should have exceeded billions. How most some-more can a supervision afford? How most some-more prior to this nation is starting to strike a financial extent as well as risk of becoming insolvent?
As a result, this supervision is assisting to emanate a really unhealthy culture. I! t has cr eated a era of Malaysians who have been unappreciative of government's help as well as assistance. Abu Said Mohamed should be ma! de to co mpensate 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 giveaway loading, it should repair a damaged domestic as well as governance system. Barisan Nasional is not usually a damaged bloc but it is additionally incompetent to reverse a slip 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 reach a indicate of sum breakdown. When this happens, a bloc will be used up as well as broken by a own follies.
The sale of Maju expressway is nonetheless an additional explanation which Umno has changed really little. Public accountability is still not in a party's vocabulary.
The inability or unwillingness of alternative component parties to help persuade Umno to shift is starting to sign their own death aver in a subsequent ubiquitous election.
If Mahathir says MEX sale is bad, it should stink sky high!
Posted byKhoo Kay Peng
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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