why BN will be wiped out soon?

65 reasons why BN will be wiped out soon.

1. PKFZ RM12bill

2. Submarine commission RM500mil.

3. Sime Darby RM964mil.

4. Paya Indah Westland RM88mil.

5. Posmalaysia (transmile) RM230mil lost.

6. Eurocopter deal RM1bil wasted?

7. Terengganu Stadium Collapsed RM292mil.

8. MRR2 repair cost RM70mil.

9. Maybank Overpaid BII RM4bil.

10. Tourism -NYY kickback RM10mil.

11. 3 paintings bought by MAS—————– RM 1.5M.

12. Overpayment by Sport Ministry————- RM 8.4M.

13. London ‘s white elephant sports complex —- RM 70M.

14. MATRADE repairs ————————– RM 120M.

15. Cost of new plane used by PM————– RM 200M.

16. InventQ irrecoverable debt —————- RM 228M.

17. Compensation for killing crooked bridge —– RM 257M.

18. Lost in selling Augusta ——————— RM 510M.

19. Worth of AP given out in a year ———— RM 1.8B.

20. Submarines (future Muzium Negara artifacts)- RM 4.1B.

21. PSC Naval dockyard ———————— RM 6.75B.

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

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

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

25. Perwaja Steel resulted in losses of US$800 million (RM2.56 billion).

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

27. Banking scandal of RM700 million losses in Bank Islam.

28. The sale of M.V. Agusta by Proton for one Euro making a loss of €75.99 million (RM 348 million) Same as No:20?

29. Wang Ehsan from oil royalty on Terengganu RM7.4 billion from 2004 – 2007.

30. For the past 10 years since Philharmonic Orchestra was established, this orchestra has swallowed a total of RM500 million.Hiring a kwai-lo CEO with salary of more than RM1 M per annum!

31. 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.

32. 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. Govt paid more than RM6k per notebook vs per market price of less than RM3k through some new consortiums that setup just to transact the notebook deal. There was no math & science content for the teachers and the notebooks are all with the teachers’ children now.

33. 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. Expanding on No 2?

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

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

39. RM 100 million on renovation of Parliament building and leaks.

40. National Astronaut Programme – RM 40 million.

41. National Service Training Programme – yearly an estimate of RM 500 million.

42. Eye of Malaysia – RM 30 million and another RM5.7 million of free ticket.

43. RM 2.4 million on indelible ink.

44. Samy announced in September 2006 that the government paid compensation amounting to RM 38.5 billion to 20 highway companies. RM380 million windfalls for 9 toll concessionaires earned solely from the toll hike in 2008 alone.

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

46. Two bailouts of Malaysia Airline System RM7.9 billion. At a time when MAS incurring losses every year, RM1.55 million used to buy three paintings to decorate its chairman’s (Munir) office. Expanding on No:11.

47. Putra transport system bailout which cost RM4.486 billion.

48. STAR-LRT bailout costing RM3.256 billion.

49. National Sewerage System bailout costing RM192.54 million.

50. Seremban-Port Dickson Highway bailout costing RM142 million.

51. Kuching Prison bailout costing RM135 million.

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

53. Le Tour de Langkawi bailout costing RM 3.5 Million.

54. Wholesale distribution of tens of millions of shares in BursaMalaysia under guise of NEP to cronies, children and relatives of BN leaders and Ministers worth billions of ringgits.

55. 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.

56. Since 1997, Petronas has handed out a staggering 30 billion ringgit in natural gas subsidies to IPPs who were making huge profits.In addition, there were much wastages and forward trading of Petronas oil in the 1990s based on the low price of oil then. Since the accounts of Petronas are for the eyes of Prime Minister only, we have absolutely no idea of the amount.

57. RM5700 for a car jack worth RM50.

58. Government-owned vehicle consumed a tank of petrol worth RM113 within a few minutes.

59. A pole platform that cost RM990 was bought for RM30,000.

60. A thumb drive that cost RM90 was bought for RM480.

61. A cabinet that cost RM1,500 was bought for RM13,500.

62. A flashlight that cost RM35 was bought for RM143.

63. Expenses for 1 Malaysia campaign paid to APCO?

64. RM17 billion subsidy to IPP.

65. USD24 million diamond ring for Ro$mah — cancellation of order — how much compensation?

2 responses to this post.

  1. There are many more reasons. The people are well informed about many scandals in Malaysia.

    Reply

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