WE ARE ALL OF 1 RACE, THE HUMAN RACE. IS THE GOVT BREAKING ITS OWN LAWS Forex skandal ACCOUNTING GIMMICKRY? It’s one thing when a government of Kleptocrats breaks just about every law to cling on to power. Let me say what many want to, but dare not even in this era of ‘New Malaysia’.
Ever since Tabung Haji was founded in 1963, it has benefited only one class of Malaysian citizens i. Bumiputra funds to come up with a rescue plan? Why were TH profits monopolised but now billions of ringgit of losses, being socialised? How is it that a government on an austerity drive and acknowledged RM1 Trillion in total debt, liabilities and guarantees could find RM20 billion just like that for TH? MoF to take over these assets at book value and not REDUCED market value?
More so as TH was deliberately in breach of Malaysian laws, i. And what if in 7 years time, TH’s RM20 billion of assets sink further? Given these are dud assets, what is the likelihood MoF will ever make a profit on them? On its investment in FGVH alone, TH is losing more than RM1 billion. RM4 billion of money stolen from 1MDB that went in and out of Najib’s personal bank account and massive fraud and failures at FGVH and Felda LKTP? So, how did Finance Minister Lim Guan Eng allow himself to be arm-twisted into a dodgy deal and breaking the law by PM Mahathir?
Why have DAP and PKR kept silent on this bailout? Why have Nurul Izzah, Wan Azizah, Azmin Ali, Rafizi and other top Muslims in PKR not condemned this bailout? When will the Pakatan Harapan government and politicians STOP doing the wrong thing by allowing UMNO and scum Opposition to pull out the “natives are restless” bogeyman card everytime instead of calling their bluff? So, what is the right thing to do with the gigantic cock-up at TH? Sack all the Directors and senior managers involved in breaking the law and charge them in court. Put them away under lock and key for 20 years.