Despite the huge earnings of the country, why are we still burdened with all these price increases? - umno has make their self rich but give nothing in return to malaysian. Their greediness has make Malaysian's to live in poverty.
This list below is not even barely exhaustive as these are the ones uncovered – the tip of the ice-berg, if you might want to put it! What lies beneath could be much larger:-
1.The Bank Bumiputra twin scandals in the early 1980s saw US$1 billion (RM3.2 billion in 2008 ringgit).
2.The Maminco attempt to corner the world tin market in the 1980s is believed to have cost some US$500 million. (RM1.6 billion).
3.Betting in foreign exchange futures cost Bank Negara Malaysia RM30 billion in the 1990s.
4.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.
5.Use of RM10 billion public funds in the Valuecap Sdn. Bhd. operation to shore up the stock market.
6.Banking scandal of RM700 million losses in Bank Islam.
7.The sale of M.V. Agusta for one Euro.
8.Wang Ehsan from oil royalty on Terengganu RM7.4 billion from 2004 – 2007.
9.For the past 10 years since Philharmonic Orchestra was established, this orchestra has swallowed a total of RM500 million.
10.In Advisors Fees, Mahathir was paid RM180,000, Shahrizat Abdul Jalil (women and social development affairs) RM404,726 and Abdul Hamid Othman (religious) RM549,675 per annum.
11.The government has spent a total of RM3.2 billion in teaching Maths and Science in English over the past five years. Out of the amount, the government paid a whopping RM2.21 billion for the purchase of information and computer technology (ICT) equipments which it is unable to give a breakdown.
12.The commission paid for purchase of Jets and Submarines to two private companies amounted to RM910 million.
13.RM100 million bill to compensate Gerbang Perdana for the RM1.1 billion "Crooked Scenic Half-Bridge".
14.RM1.3 billion have been wasted building the white elephant Customs, Immigration and Quarantine (CIQ) facilities on cancellation of the Malaysia-Singapore scenic bridge.
15.RM 100 million on renovation of Parliament building and leaks.
16.National Astronaut Programme - RM 40 million.
17.National Service Training Programme - yearly an estimate of RM 500 million.
18.Eye on Malaysia -RM 30 million and another RM5.7 million of free ticket.
19.RM 4.63 billion, 'soft-loan' to PKFZ.
20.RM 2.4 million on indelible ink.
21.Samy announced in September 2006 that the government paid compensation amounting to RM 38.5 billion to the highway companies. RM 380 million windfalls for 9 toll concessionaires earned solely from the toll hike in 2008 alone..
22.RM32 million timber export kickbacks involving companies connected to Sarawak Chief Minister and his family..
1 comment:
How about the millions (prob billions) spent on sending acemedically unqualified students overseas on PSD scholarships and NOT collecting a sen from them ?
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