Money money money.

Extension to money money money.

I am a Malaysian citizen, Muslim, Bumiputera and a taxpayer. I sure want to know how the government used my tax money. If it has being misused for some personal gain by any individual, I declare that I will not forgive the individual and see you at Allah’s Court of Judgment. You can bring in as many lawyers as you can to defend you, even the famous Malaysian Attorney General can come in between. Mind you, in this Court you cannot choose the Judge. I would redeem my money. The money I earned is my blood and sweat.

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PKFZ part II - Its money........my money.

30/05/2009 by drrafick

1. The more I read about the PKFZ report, the more upset I become. I realize that the PW report was probably adulterated to a certain extent to minimize the impact to the readers. There is probably a lot of information that was not taken out by the owner of the report. After all PW made the report for the KPA and it is entirely up to KPA to decide on what can or cannot be released.

2. I had mention in my first write up that the scale of the problem could probably the tip of an iceberg. There might be some truth in it but I was merely speculating. I speculate because there I have a strong distrust of my present government. At the same time my speculation is supported by the previous history of financial mismanagement on the part of the government.

3. Let us revisit some of the projects that I can remember. Like many Malaysians, there are probably so many glaring financial scandals but we have forgotten. In the 90s, we had the MAS fiasco of selling 30% share of MAS to TRI for RM1.8 bill. TRI runs the company for few years, splits it into piece meal and then sold some of it. MAS subsequently continue its losing streak that accumulated to about RM 6 billion.

4. The government then spent RM1.8 billion to buy back the 30% shares from TR. When the government sold MAS, it was a profit making company with healthy balance sheet. When they buy it back it was a loss making and was at the verge of collapsing. By the time it came into IdrIs Jala hands, it has loss another RM 3 billion. All in all, the MAS saga cost the Malaysian people an estimated amount of RM10.8 billion and MAS today do not own planes and has also lost the

5. In the case of the Navy Ship procurement involving Amin Shah and PSC, it cost the government about RM25 billion and only half of the ship ordered was delivered. Proton, MISC, KPB and several other GLC loss substantial amount of money. This has not included the abandon government buildings, schools, hospitals etc. All in all, I would not be surprised if in the last 15 years Malaysian has loss more than RM 100 billion.

6. Ever wondered what we can do with RM 100 billion. The North South Highway cost RM4 billion to build. In other words we could build 25 highways. On average a school cost about RM 10 mill. That is an equivalent of 10,000 schools. We could give Malaysian scholarships to about 5 million Malaysians. If we decided to buy SU 30 at the inflated price including profit (RM1.8 bill for 12 units) we would have 667 aircraft. This would have made us a super power in Asia. Mind you, that is a conservative number.

7. What we see is that inefficient government and people with the right political connection capitalize on the opportunity. How long must this continue? How much nonsense can the people tolerate? The government that people tolerated over the years may just finally face the brunt of the people. This has to stop. Only the people can stop this nonsense.

8. The government is essentially a group of elected people. We can replace the whole BN bunch but there is no guarantee that the new group of people will not abuse the system. Every single adult Malaysian who closes one eye is an accessory to the crime. We need to change. We live in the era where it is probably the easiest era where the people can exert check and balance.

9. In the world of IT today, Malaysian can scanned documents and other evidence and upload them on the internet for the public to view it. Uploading can be done anonymously. Similarly information or evidence can be disseminated via anonymous email that can spread to millions within hours. With evidence in the public, no guilty party can deny and hide. No one with power would want to help as it can be seen as an accessory to the whole crime.

10. The honest and brave few at every level of the society is the probably our last hope to provide the necessary check and balance. Before the era of internet, free emails and document storage it is relatively difficult for people to take out documents. Today the scenario is different. This brave few can nip financial crime at its bud. Indirectly, the regulated MACC will be on their toes.

11. I am really upset about this whole issue. A few billion here. A few billion there and the Malaysian Government coffers is being drained indirectly. Someone told me to take it easy as it is only money… Yes its only money… MY MONEY!

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