DAP Sabah has voiced concerns over Employees' Provident Fund (EPF) loans to Federal Land Development Authority (Felda) or any other Government affiliated entities for which matter.
DAP Sabah Assistant Secretary Junz Wong pronounced EPF has since out more than RM6.5 billion loans to Felda alone.
This is a retirement funds (public fund) which was since as loan so you have a rights to know what had happened to a money.
Felda Global Ventures Berhad (FGV), a auxiliary of Felda, shares had forsaken below a arising cost for a first time ever mainly due to allegations of a top crew impasse in income politics.
While both FGV as well as Felda have been pang from massive losses, Prime Minister Najib quickly announced strings of benefits as well as rewards to all Felda settlers worth billions.
"This move was obviously made to palliate a restlessness of these Felda settlers over a waste suffered by FGV as well as Felda over these years," Junz said.
How do you know which a EPF income has not been since out as "loans" to bail out Felda bad performances over a years?
With National Feedlot Corporation(NFC) RM 250million soft loan hovering neither here or there, how can EPF guarantee everyone of us which EPF will pick up every single cent with a interests from Felda? For how long will Felda take to pay off a retirement money?
"All these questions have b! een freq uently asked by EPF contributors as well as concerning citizens of Malaysia,"Junz affirmed.
Junz Wong who is additionally DAPSY KK Assistant Youth Chief has called upon Prime Minister Najib Razak to instruct FGV, Felda as well as EPF to make public of all their accounts, repayments, agreements as well as any transactions upon regular basis.
"That way people can know which what they had done or whatever they have been doing now have been genuine as well as inside of a law," Junz explained.
This concerns public interests inside of a supervision investments, transactions involving public funds so there must be transparency as well as accountability. Effective reforms must be carries out urgently to revive public confidences, Junz concluded.
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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