RM12.5b, flushed down the toilet bowl


By Malaysian First, Malaysian Last

Malaysia have always been littered with financial scandals since the late 70s and the PKFZ is the latest to haunt the nation again that all is not well with the country. We are not talking about a RM12.50 loss but a mind-boggling [the last time this word was used was in the BMF scandal] RM12.5b, our money – gone, finished, never to be seen again.

Instead of taking responsibility for the mess, the UMNO government has gone into the scapegoating act. In other countries, the entire cabinet would have resigned and those responsible, if you are in Japan, would have committed 'hara kiri' or 'sepuku'. But why wouldn't our people resign? Your guess is as good as mine. After the BMF case, we thought UMNO would have learnt a lesson and such a fiasco would not happen again. Regretfully it did, quadruple the amount to boot. So now the money is gone, who is going to be accountable for the mess? By convention, it is the prime minister. But will he do it by resigning followed by the entire cabinet? Will a GE be called to elect in a new government?

How could anyone be so INCOMPETENT and how can a government be so NEGLIGENT? If it had not been for Malaysia-Today disclosing the cabinet papers, we would still be pointed the wrong direction. But now we know.

Read more at: http://malaysianfirstlast.blogspot.com/2009/09/rm125b-flushed-down-toilet-bowl.html



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