How many some-more monetary scandals which have emptied the inhabitant coffers can Malaysia afford?
COMMENT
By Chua Jui Meng The RM250 million Cowgate fracas has frequency settled as well as right away we have the RM40 million Sabah Umno crony scandal.
If the National Feedlot Corporation (NFC) had not been hijacked, low-income Malaysians today would be enjoying affordable beef.
We will not be paying about RM27 for the kilogramme of beef right away when it was only about RM7 per kg in 2000.
The NFC plan would have been successful if the RM250 million had been distributed to 1,000 experienced cattle breeders nationwide, with each removing RM250,000 to enhance their flock of cattle.
What knowledge or certification do Shahrizat Abdul Jalil's father as well as her young kids have to clear them to be given the plan allocation?
Now we have Minister in the Prime Minister's Department Nazri Abdul Aziz's counterclaim of Sabah Umno crony timber tycoon Michael Chia.
After fortifying Chia in Parliament, saying there was zero wrong with Chia carrying RM40 million in the container for Sabah Umno, we have been shocked by his son Nedim's connection with Chia.
Nedim was seen pushing the some-more than RM500,000 Hummer purebred in the name of Michael Chia. Not only that, pictures of Nedim wearing the Richard Mille Tourbillon (model RM 002 V2) watch value RM1,072,000 have surfaced in amicable network Facebook.
What is function to Malaysia as well as the ruling lawmakers? Scandals which display their huge resources have been surfacing regularly whilst the RM502 bi! llion fe deral debt continues to climb.
How many some-more monetary scandals which have emptied the inhabitant coffers can Malaysia afford?
Petroleum fund
Petroleum fund
Petronas was set up in 1974 as well as the initial CEO Tengku Razaleigh Hamzah not prolonged ago suggested which there were plans for the investiture of the Tabung Warisan Petrolium (National Petroleum Heritage Fund) for the future of Malaysians when the oil wells run dry.
Has there been any such oil account set up? As distant as we know there has never been the disclosure by the supervision of the existence of such the fund.
With the billions or even trillions of ringgit in oil income over the little four decades, there is positively no forgive which is excusable to Malaysians for this tragic profanation of the people's certitude by the "oil sheikhs Mahathir, Abdullah as well as Najib".
Norway, where they have oil in the North Sea, the country's oil account well known as Norway Pension Fund stands during US$ 656 billion or RM2 trillion. And the nation has the population of only 5 million people.
UAE-Abu Dhabi Investment Authority's oil-revenue sovereign resources account is during US$ 627 billion or RM1.9 trillion.
Almost all oil producing countries have determined their own oil funds for their peoples' future but not Malaysia. This is the serious indictment of the present regime.
Instead, after 55 years, the hurtful BN supervision has given us the RM502 billion federal debt which is quick growing.
The Petroleum Act 1974 contingency additionally be nice to remove the budding minister's comprehensive powers over Petronas as well as the finances.
Now, no the single has the right to subject the budding minister's decision. Only the budding minister, not even his deputy, is privy to Petronas' accounts.
Living in debt
Pakatan Rakyat has pledg! ed to ha ve Petronas under obligation to Parliament as well as this should lead to the investiture of the prolonged awaited National Petroleum Heritage Fund.
Pakatan Rakyat has pledg! ed to ha ve Petronas under obligation to Parliament as well as this should lead to the investiture of the prolonged awaited National Petroleum Heritage Fund.
Just before Abdullah Ahmad Badawi stepped down as budding minister, he paid an official revisit to the Sultan of Brunei, signing as well as giving away two oil fields to Brunei as gifts.
Abdullah claimed which the gifts were in exchange for Brunei dropping the explain upon Sabah's Limbang.
However, the Brunei supervision immediately denied Limbang was ever discussed in which visit.
What essentially happened? Where have all the rakyat's resources as well as oil resources gone to?
What commercial operation does Abdullah have to give away two oil fields to the single of the richest man in the universe whilst the infancy of Malaysians go on to live in debt as well as poverty.
Chua Jui Meng is PKR vice-president as well as Johor state chief. He is additionally the former MCA vice-president as well as an ex-Cabinet member.
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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