Time Magazine quoted an economist at Morgan Stanley in Singapore as saying that the country might have lost as much as US$100 billion since the early 1980s to corruption (RM300 billion = 300,0000 million).
Perwaja RM10 billion. Forex fiasco early 90s RM30 billion. Maminco scandalRM 1.6 Billion.
Bank Bumiputra Scandal RM10 billion. STAR-LRT bailout RM3.256 billion. RM 38.5 billion compensation to highway companies. Putra transport system, which cost RM4.486 billion. Maminco scandal RM 1.6 Billion. PKFZ 12 billion. Bank Islam RM700 million. M.V. Agusta & Proton lost RM 348 million. Wang Ehsan, oil royalty Terengganu RM7.4 billion. Philharmonic Orchestra has swallowed a total of RM500 million. Bailouts of Malaysia Airline System RM7.9 billion. Spent RM3.2 billion in teaching Maths and Science in English over 5 yrs. Jets and submarines to 2 private companies Perimeker & IMT Defence amounted to RM910 million. RM1.3 billion wasted building the white elephant Customs, Immig & Quarantine (CIQ) facilities on cancellation of the Scenic Bridge. National Service Training Programme yearly estimate of RM 500 million. RM 4.63 billion, ’soft-loan’ to PKFZ. RM250 in NFC Cowgate scandal. RM15billion with Sarawak’s CM & cronies in 31 years. RM 160 million for 300 computer labs in Sabah – only 2 completed. RM29 mil Tsunami Warning System doesn’t work.
http://list.wikia.com/wiki/List_of_Malaysia_scandals
http://wtfreport.wordpress.com/
UMNO & cronies are among the world’s biggest laughing-stocks, in some countries would have been charged with treason and jailed.
No comments:
Post a Comment