BN starts
big-time trampling on the weak, poor, needy
By
Chua Jui Meng
LAND grabs, Cowgate and the Malaysian
Paralympic Council (MPC) Financial Scandal are all related to mismanagement of public
funds or abuse of power in high public office.
These are matters flourishing under the Barisan Nasional (BN) rule the
past 55 years. What is disgusting today is that the despicable greed for money
has been extended by thieves mercilessly zooming in on funds meant for the
poor, needy and physically challenged.
Do these people who grab such funds sinfully have any sense of humanity
or guilt?
The greed for money and wealth has become blatant and common for all with
the right connections in BN, especially Umno.
Land grabs are well known in Sarawak and Sabah but now it is going big
time in Johor’s Pengerang – the location of the RM60 billion
Petronas Refinery and Petrochemical
Integrated Development (Rapid) mega project.
Through the exploitation of the Land
Acquisition Act 1960, the BN federal and state governments are acquiring 22,500
acres of agriculture land for Rapid!
The acreage to be acquired is
ridiculously massive for Rapid which only requires not more than 7,000 acres.
Rapid is not just about investments
into the oil refinery industry. It is also BN’s opportunity to grab lands
belonging to villagers cheaply, converting the land use from agriculture to
property development and enhancing the value of land by as much as 1,000% for
their crony businesses.
The BN government is a classic model
of one that does not hesitate to trample on the weak and poor.
The infamous Cowgate and the
Shahrizats (family of former Women, Family and Community Development Minister) is
another case of abuse of power and mismanagement of funds allocated for the poor.
The National Feedlot Corporation (NFC)
was set up for a national cattle breeding project to produce affordable beef
for the poor, especially the kampung
(village) folks.
The NFC then awarded the project to the
Shahrizats; husband and children then started giving themselves fat five-figure
salaries, buying condominiums costing millions of ringgit, luxury cars, costly
holidays, etc.
The project was then described by
the country’s Auditor-General as “sick”.
Now we have the RM3.8 million MPC
Financial Scandal.
The funds were allocated by the BN
government to promote the interests of the physically challenged in the sports
arena.
Now, MPC’s 14 affiliates are being
told that it has written-off RM3.8 million invested in an events management
company helmed by its president Zainal Abidin Abu Zarin and his family. Wooo …
isn’t this familiar with the Shahrizats’ Cowgate!
Are we expected to just accept the
write-off? It is public funds we are talking about and MPC even had the
audacity to respond to queries from affiliates with this: “It’s highly
confidential!”
Confidential my foot!
And, why is the Anti-Corruption
Commission not acting? Who is MACC protecting?
According to theSun’s report, the investment made in 2008 was kept “hidden” until
last year. The MACC ostensibly probed the issue last year – but silence has
fallen since then.
So, what has happened to the probe?
What were the findings?
This demands public accountability
as public funds have gone awry. It cannot, and must not, be swept under the
carpet to protect those with strong cables with those holding high office.
The plundering of the national
coffer for the past 55 years must be stopped and it is up to Malaysians to
judge what needs to be done.
The financial health of Malaysia is
at stake as it is now only 1.3% short of the 55% legislated debt ceiling.
Beyond that, we are on the way to becoming a bankrupt country like Greece and
the tragic economic consequence on the rakyat
(people) is for all to see today.
For more details on the MPC
financial scandal, here are two reports by theSun
newspaper:
M'sian Paralympic Council writes off RM3.8m in company
run by its president
Posted on 4 October 2012 - 05:23am
Last updated on 4 October 2012 - 02:35pm
Last updated on 4 October 2012 - 02:35pm
Pauline Wong
newsdesk@thesundaily.com
newsdesk@thesundaily.com
PETALING JAYA (Oct 4, 2012): The Malaysian Paralympic Council (MPC) has written-off
RM3.8 million invested in an events management company helmed by its president
Datuk Zainal Abidin Abu Zarin (pix) and his family.
According to minutes of its Sept 29
annual general meeting (AGM) which were made available to theSun, RM3.8
million of a RM4 million investment in Paralimpik Ventures Sdn Bhd (PVSB) was
written off due to the "irrecoverability" of the investment.
In a note at the end of its
financial statement for the year ending December 2010, it was minuted that the
MPC had on July 5, 2011 received a letter where PVSB made a commitment to repay
RM200,000 plus 5% interest by March 2012.
Subsequently, the MPC received
another letter dated Aug 6, 2012, where it was mentioned that the balance of
the principal (RM3.8 million) would be paid latest by 2014.
However, the AGM last Saturday was
informed that the executive board had on Sept 23 decided to write off the RM3.8
million, and this will be reflected in the financial statements for the
financial year ending Dec 31, 2012.
MPC, the nation's governing sports
body for the disabled, is a non-profit organisation aimed at promoting sports
among the disabled for them to maintain a healthy and active lifestyle.
Its main sources of funds to carry
out these activities are government grants, sponsorship contributions and
donations.
A check with the Companies
Commission of Malaysia indicated that PVSB, which was registered in 1999, is
helmed by Zainal Abidin, who is listed as its director and 80% share holder.
Other directors named are one Muhamad
Wahbullah Abu Zarin, Zainal Abidin's two sons, Idi Irwan and Ilia Ikhwan and
MPC secretary-general Kassim Abd Rahman, who is listed as holding 10% of the
shares, and Idi the remaining 10%.
When contacted, a council
member,National Blind Sports Association (NBSA) vice-president Prof Datuk Dr
Chandra Sekaran confirmed that the council had written off the investment, as
stated in the minutes of the AGM.
"How can you write-off RM3.8
million? We asked but the executive board's reply was that sponsors would not
fund upcoming games if the accounts are not approved.
"As it is, the funds given to
disabled sports are already reduced. MPC relies on public money and government
funds," said Chandra, whose NBSA is one of the 14 affiliates under the
MPC.
"In the end it is the disabled
athletes who suffer. Reduced funds means fewer athletes can participate in
games and training," he added.
Chandra pointed out that the
council, in the first place, cannot make the decision to write off the money
without referring the matter to the general body.
"The two directors of PVSB are
sitting in the MPC executive board , and they approved the investment. Now they
are saying they can't recover the money.
"When I asked for an
explanation they said it was 'highly confidential', but how can it be
confidential? It's public money!" said Chandra.
"They say the investment was a
failure. Then there must be some way to recover the money."
Meanwhile, another member of the
executive board who declined to be named, said the AGM was told that the
investment had gone sour, and PVSB was only asking for a deferment of payment.
He said a sub-committee was also
supposed to be formed to recover the money, but did not elaborate on when or
who would head the sub-committee.
Sports Commissioner Datuk Mohd Yasin Mohd Salleh, when contacted, said he had not received the AGM minutes from the council and would decline further comment until he was able to view the report.
Sports Commissioner Datuk Mohd Yasin Mohd Salleh, when contacted, said he had not received the AGM minutes from the council and would decline further comment until he was able to view the report.
However, he gave an assurance that
he would follow up on the matter.
Numerous attempts by theSun to
contact Zainal for comment were unsuccessful.
MPC's controversial investment into
PVSB had been raised in the press last year when RM4 million was transferred to
PVSB in April 2008, during a transition period when the MPC was re-registered
under the Sports Commissioner, instead of the Registrar of Societies.
According to reports, the transfer
of funds to PVSB was made through two cheques of RM 2 million each signed by
Zainal and then-treasurer Liew Yoon Loy.
Following press reports, the
Malaysian Anti-Corruption Commission (MACC) reportedly looked into the issue
but the outcome of investigations are not known.
Mohd Yasin said since the MACC was
looking into it at that time, he had left it at that and not conducted his own
investigations.
What
happened to the money?
Posted on 4 October 2012 - 05:29am
Last updated on 4 October 2012 - 04:06pm
Last updated on 4 October 2012 - 04:06pm
Comment by Pauline Wong
newsdesk@thesundaily.com
newsdesk@thesundaily.com
THE Malaysian Paralympic Council (MPC) came under fire last
year for investing RM4 million in an events management company helmed by its
president Datuk Zainal Abidin Abu Zarin, and his two sons.
Now, council members have been told
the investment had been written off as "irrecoverable".
This means that the money – which
could have been used to fund the training of more athletes for the Paralympic
Games, or to reward them with prize money and narrow the gap when compared with
what Olympians are getting – is most likely, as one source put it, "all
gone!".
An organisation which is supposed to
promote sporting excellence among the differently-abled has no business
investing RM4 million in an events manage-ment company, even if it is called
Paralimpik Ventures Sdn Bhd.
More importantly, it should not be
making such "investments" without the knowledge of its 14 affiliates,
which are all associations and societies for the different aspects of disabled
sports.
Talk about transparency. What's
worse, there appears to be a conflict of interest as the company has as its
directors, none other than the MPC president, his two sons, and the MPC
secretary-general.
According to sources, the investment
made in 2008 was kept "hidden" from the general body comprising the
affiliates until last year. The Malaysian Anti-Corruption Commission ostensibly
probed the issue last year – but silence has fallen since then.
And no explanation, not even to the
MPC general body, has been given as to how the money was used by the company,
although the MPC president and secretary are principal officers of the company.
Zainal was not reachable for
comment, despite numerous attempts to contact him.
It is time to break this silence.
The investment may or may not
directly have come from our tax dollars, but it is money collected from donors,
sponsors and concerned individuals.
It is time the individuals involved
show responsibility and come clean with a proper explanation as to what
happened to the money.