Wednesday, September 12, 2012

Skandal -Malaysia Rugi RM320 Billion Kerana Rasuah

List of Malaysia scandals include:

Malaysia Armed Force scandal[1]

Royal Malaysian Air Force

Malaysian Submarine Scandal [2]

Malaysian lock-up detainee abuse scandal


Scomi Precision Engineering nuclear scandal

Murder of Shaariibuugiin Altantuyaa

Royal Commission of Inquiry into the Lingam Video Clip

Tammy sex video scandal

S-Chips Scandals

Teoh Beng Hock

Carrian Group

Excesses and wastages:
The Bank Bumiputra twin scandals in the early 1980s saw US$1 billion (RM3.2 billion in 2008 ringgit)[3]

The Maminco attempt to corner the world tin market in the 1980s is believed to have cost some US$500 million. (RM1.6 billion) [4]

Betting in foreign exchange futures cost Bank Negara Malaysia RM30 billion in the 1990s. See Bank Negara Malaysia#Recent history

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, see Bank Islam Malaysia
The sale of M.V. Agusta by Proton for one Euro making a loss of €75.99 million (RM 348 million)[7][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]

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.[11]

The commission paid for purchase of jets and submarines to two private companies Perimeker Sdn Bhd and IMT Defence Sdn Bhd amounted to RM910 million. [12]
RM300 million to compensate Gerbang Perdana for the RM1.1 billion “Crooked Scenic Half-Bridge”[13]

RM1.3 billion have been wasted building the white elephant Customs, Immigration and Quarantine (CIQ) facilities on cancellation of the Malaysia-Singapore scenic bridge [14]

RM 100 million on renovation of Parliament building and leaks [15]

National Astronaut Programme – RM 40 million, see Angkasawan program

National Service Training Programme – yearly an estimate of RM 500 million [16]

Eye on Malaysia – RM 30 million and another RM5.7 million of free ticket [17]

RM 4.63 billion, ’soft-loan’ to PKFZ, see Port Klang Free Zone, [18][19]

RM 2.4 million on indelible ink [20]

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. [21][22]

Bailouts -

Two bailouts of Malaysia Airline System RM7.9 billion [23]

Putra transport system, which cost RM4.486 billion

STAR-LRT bailout costing RM3.256 billion

National Sewerage System costing RM192.54 million

Seremban-Port Dickson Highway costing RM142 million

Kuching Prison costing RM135 million

Kajian Makanan dan Gunaan Orang Islam costing RM8.3 million.

Le Tour de Langkawi costing RM 3.5 Million

Wholesale distribution of tens of millions of shares in Bursa Malaysia under guise of NEP to cronies, children and relatives of BN leaders and Ministers worth billions of ringgits.
APs scandal had been going on year-after-year going back for more than three decades, involving a total mind-boggling sum of tens of billions of ringgits

Alienation of tens of thousands of hectares of commercial lands and forestry concessions to children and relatives of BN leaders and Ministers worth tens of billions of ringgits

Travel around Malaysia and see for yourself how many white elephants like majestic arches, roads paved with fanciful bricks, designer lamp posts, clock towers, Municipal Council buildings that looks more like Istanas, extravagant places of worship, refurbishment of residences of VIPs, abandoned or under-utilised government sports complexes and buildings, etc! Combined they could easily amount to the hundreds of billions of ringgits!

Wastages and forward trading of Petronas oil in the 1990s based on the low price of oil then.
In Time Asia magazine issue on March 15 2004, South East Asian economist at Morgan Stanley in Singapore Daniel Lian, figures “that the country may have lost as much as U$$100 billion (RM320 billion) since the early 1980s to corruption.”-wikipedia

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