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Monday, January 4, 2010

2010 - the year of uncertainty

2010 – the year of uncertainty

The new year will be marked by uncertainty
This says it all
...time for a laugh!!

That 114 cases involving illegal funds transfer were detected from 2006 to 2009 in Malaysia. And the List Goes On. See Below:

In March 2008, a wife of a senior minister transferred funds amounting to RM600,000 to Dubai. Between June and August 2008, a 'Tan Sri' transferred 3.5 million pounds sterling (RM22.2 million) to the United Kingdom.

Last week, Bank Negara confirmed that it is investigating Negeri’s MD Mohamad's alleged transfer of RM10 million to London.

Last week billions were siphoned off in Sarawak!

Shouldn't we be ashamed that:

630 Malaysians leave the country everyday!

304,358 Malaysians were reported to have migrated from March 2008 to August 2009.

You not ashamed of:

our shambled judiciary

our mounting crime rates

illegal immigrants galore in our midst

2000 over deaths in custody

There are too many things for us to be ashamed of, I am ashamed of these, are you?

The Bank Bumiputra twin scandals in the early 1980s saw US$1 billion (RM3.2 billion in 2008 ringgit) wasted;

The Maminco attempt to corner the world tin market in the 1980s is believed to have cost some US$500 million (RM1.6 billion);

Betting in foreign exchange futures cost Bank Negara Malaysia RM30 billion in the 1990s;

Perwaja Steel resulted in losses of US$800 million (RM2.56 billion). (Eric Chia was charged with corruption for allegedly steering US$20 million (RM64 million) to a Hong Kong-based company.) but was acquitted.

Use of RM10 billion public funds in the Valuecap Sdn. Bhd. operation to shore up the stock market;

Banking scandal of RM700 million losses in Bank Islam;

The sale of M.V. Agusta by Proton for one Euro making a loss of €75.99 million (RM 348 million);

Wang Ehsan from oil royalty in Terengganu amounting to RM7.4 billion from 2004 – 2007;

For the past 10 years since the Philharmonic Orchestra was established, this orchestra has swallowed a total of RM500 million;

OK, that was sometime back, these are recent:

The government has spent a total of RM3.2 billion in teaching Maths and Science in English over the years. Out of the amount, the government paid a whopping RM2.21 billion for the purchase of information and computer technology (ICT) equipment of which the breakdown of costs is unknown;

The commission paid for the purchase of jets and submarines to two private companies, Perimeker Sdn Bhd and IMT Defence Sdn Bhd amounted to RM910 million;

RM300 million to compensate Gerbang Perdana for the RM1.1 billion "Crooked Scenic Half-Bridge";

RM1.3 billion has been wasted building the white elephant Customs, Immigration and Quarantine (CIQ) facilities on cancellation of the Malaysia-Singapore scenic bridge;

RM100 million spent on the Parliament building for renovations and to patch up leaks;

National Astronaut Programme - RM 40 million…and we still await the results of some scientific experiments that was carried out by Datuk Space Tourist.

National Service Training Programme - yearly an estimate of RM 500 million and some 17 deaths of trainees and still counting.

Eye on Malaysia - RM30 million and another RM5.7 million of free tickets;

RM4.63 billion 'soft-loan' to PKFZ;

RM2.4 million on indelible ink;

SAMY Velu announced in September 2006 that the government paid compensation amounting to RM38.5 billion to 20 highway companies. A RM380 million windfall for 9 toll concessionaires earned solely from the toll hikes in 2008 alone;

RM32 million timber export kickbacks involving companies connected to theSarawak Chief Minister and his family.

PKFZ - over RM4 Billion scandal under investigation !


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