Mai Bien Rai Attitude of UMNO Leaders

The NFC saga has gone too far. 

The public expects the acuthority to initiate serious action against those involved in the abuse of their authority and siphoning public fund to invest in projects other than the purpose for which it was approved.

It is quite amusing to see how politicians who were caught with their pants or in this case their skirts down how they behave and conduct themselves in trying to wrangle their way out of the predicament.

Firstly, when the Bangsar Mendung Condominium was uncovered, there came the denial of involvement therein despite the fact that her family is closely enmeshed in the project.  Later as time went by, more abuses were uncovered in Singapore where million of Ringgits had been used through hefty loans from the Malaysian Bank operating in Singapore secured on the collateral of the allocated public fund of RM400 million.

Had this cast been sincere as they claimed to be,  what they shuld have done was to make all these purchases in the name of the corporation and not on individual names.

To the eyes of the rakyat, the abuse of authority and mal-investment in activities other than what the project was approved for, this was certainly andundeniably an offence.

Should the authority take action against the Minister cocerned, who has brought great shame and ignominy to the political party of which she was member,  Anyone with any decency and dignity would have resigned from her post and face the music and not behaving like "a slittered chicken
trying to come alive by kicking the lid of the pot".

The act is shameful enough and yet we see some of the UMNO cronies trying to cover up the incident by trying to distort the issue.

What is most disgusting is seeing a senior UMNO leader telling through the media not to press for the resignation of the Minister concerned but instead trying to find ways to recover the siphoned resources.

In my view let not this tip of the proverbial iceberg distract us from some of the major perpetrations taking place within the Government Machinery where corruption and abuse of power are rampant and wide-spreading like an epidemic.

No wonder according to one foreign report, no less than USD350 bn had been illegally taken out of the country during the past decade. This massive flow of money out of the country has a great impact on the national economy which is gravely felt.

The currency has depreciated greatly, inflation has soared, prices of houses have shot up in recent years out of proportion.  Locally produced goods like cars have been priced ridiculously high when compared with that of neighbouring countries.  Project costs are topped up by as much as 20-30% higher to benefit the unproductive contractors.

It  is important that the EPF contributors demand its Management to account how their savings have been administered.  More than 60% of their savings have been borrowed by UMNO leaders and we want to see how much they have paid back or not.

The recent sub-prime housing loan to one FT Agency to help 20,000 who are ineligible,unqualified and rejected their loan applications by conventional banks  to own houses.  If any help is to be given at all, the current contributers should be given priority over this massive group of rejects.

The public just do not have the confidence that this government agency is capable of collection.  It will be another fiasco like the scholarship awarding agency.