Fuel price increase

[mizhan]

'Option holders'?? First time i hear of such thing. If that's true, it's much much more lucrative than being an AP King. Sign me up!

 

[Don Franco]

'Option holders'?? First time i hear of such thing. If that's true, it's much much more lucrative than being an AP King. Sign me up!

I remember years back when the govt wanted to buy new computers for all govt agencis, an "option holder' set up a company , Compaq had to send them all the invoices then its marked up and the 'option holder" sends a new marked up invoice to the govt.

Suply and maintainance are direct from Compaq. So.. the option holder just does paper work and becomes and instant millionaire!! I am sure these are all the norm in the govt of the day! :stupid:

and its the Rakyat's money of cos!

 

[IanDaddy]

'Option holders'?? First time i hear of such thing. If that's true, it's much much more lucrative than being an AP King. Sign me up!

Check this out. I also want
http://www.malaysia-today.net/index...tronas&catid=21:special-reports&Itemid=100135

 

[E46Fanatic]

Suply and maintainance are direct from Compaq. So.. the option holder just does paper work and becomes and instant millionaire!! I am sure these are all the norm in the govt of the day! :stupid:
and its the Rakyat's money of cos!

It's Malaysia ma. Some of these Ali Baba companies are not financially sound as well, and have problems getting credit facilities from the principal MNC company suppliers. But if there is a will there is way, the Malaysian way.

 

[ALBundy]

More bailouts....sigh

http://www.themalaysianinsider.com/...ut-crooks-behind-pkfz-scandal-claims-pakatan/

 

[blackrobe]

so so tired man... the fiascos and leakages are not reducing, its getting much worse... how much more can the Rakyat take?

 

[solo]

More bailouts....sigh

http://www.themalaysianinsider.com/...ut-crooks-behind-pkfz-scandal-claims-pakatan/

Ah...it's good to see the our subsidy money put to good use.:top:

Salut

 

[docrayboy]

http://www.themalaysianinsider.com/malaysia/article/architect-jimmy-lim-selected-for-penang-hill-facelift/

Hopefully this project pans out correctly...

 

[IanDaddy]

This will not be the last of payments. There will be another increase to the fuel price for subsequent payments.
See how everything is related, we never side-track out of the original topic just gone 1 big round and found the reason for the increase. This big circle will continue until....

 

[mizhan]

so so tired man... the fiascos and leakages are not reducing, its getting much worse... how much more can the Rakyat take?

in addition to putting a bentley coupe in each their garages, guess the size of warchest the next GE will require.. they'll be busy busy busy :wink:

 

[infinityKL]

PKFZ scandal: Ex-transport minister Ling charged

http://www.malaysiakini.com/news/138632

Former transport minister Ling Liong Sik was today charged at the Kajang Sessions Court over his involvement in the multi-billion ringgit Port Klang Free Zone (PKFZ) scandal.
Ling, 67, who is also former MCA president, is by far the most prominent politician to be nabbed in recent years.

He is charged under Section 418 of the Penal Code with misleading the cabinet between Sept 25 and Nov 6, 2002 into agreeing to purchase 999.5 acres of land on Pulau Indah for a project, that is now known as PKFZ, at a price of RM25psf on a deferred payment method for a 15-year period, at a 7.5 interest rate.

The cumulative interest paid would total at RM720 million at the end of the repayment period.

He was also ffered an alternative charge under Section 417 of the Penal Code for the same offence.

According to the charge sheet, the Finance Ministry had already valued the land at RM25psf - inclusive of compounded interest - and this fact was withheld by the accused from cabinet.

Ling pleaded not guilty to both charges and Sessions Court judge Suzana Hussin set bail at RM1 million. Mention has been fixed for Sept 3.

As Ling needed time to post bail, Ling is on personal bond for today, he was allowed time to do so at the sessions court tomorrow.

He was represented by counsel RR Sethu.

On leaving the courtroom, he told journalists that it was his first time to be in Putrajaya's Palace of Justice, located next to the Kajang Sessions Court.

Asked whether he was confident about fighting the case, he said, “In the Palace of Justice, you must feel very confident.”

Ling appeared in court at 4.45pm accompanied by his wife Ena and two sons. He then proceeded to sit in the dock. Ling, who wore a purple striped shirt and a pair of sandals, was expressionless.

He is the second MCA president to be placed in the dock after Tan Koon Swan.

Earlier today, rumours of a very important personality (VIP) to be charged sent dozens of journalists, including those from foreign wire services, camping at the court complex this morning.

Most of them gathered at the lobby and main entrance of the courthouse. while a couple stationed themselves in and outside the courtroom.

After an eight-hour wait, at about 4pm, attorney-general Abdul Gani Patail and three DPPs, including head of prosecution Tun Abdul Majid Hamzah, arrived in court without speaking to the journalists. The other two were Manoj Kurup and Dzulkifli Ahmad.

More to come?

Last November, the Public Accounts Committee (PAC) had recommended in its report on the PKFZ controversy that former transport minister Chan Kong Choy and former Port Klang Authority (PKA) general manager OC Phang be probed for CBT (criminal breach of trust).

This was over the wrongful issuance of three letters of support by Chan and three letters of undertaking by Phang without Finance Ministry approval.

PAC said that it was informed by the attorney-general that the letters were implicitly a form of guarantee from the government to ensure that there would be allocations for PKA to enable it to meet its obligations under the development agreement.

PKFZ, a commercial and industrial project south of the capital, was conceived as a RM1.82 billion venture constructed over 1,000 acres.

However, costs are now expected to balloon to RM12.5 billion, making the affair one of the country's biggest financial scandals and a major embarrassment for the government.

Probes into the project's financial records since then have revealed instances of corruption, cases of conflict of interest as well as breach of trust.

Ling is one of the very rare top politicians in Malaysia to be charged with corruption.

In 2004, former land and cooperative development minister Kasitah Gaddam was charged in the Sessions Court with corrupt practice and cheating, the first cabinet member to be charged with such crimes. He was freed by the court without his defence being called last year.

Before Kasitah, former deputy prime minister Anwar Ibrahim, who is now opposition leader, was the other prominent politician charged with corruption. He was sentenced to a six-year jail term in 1999.

Another top politician who was charged with corruption was the late Harun Idris, the Selangor menteri besar from 1964 to 1976.

He was slapped with a six-year jail sentence but served three years behind bar before being pardoned by the king in 1981 on the advice of then new prime minister Dr Mahathir Mohamad.

 

[blackrobe]

PKFZ scandal: Ex-transport minister Ling charged

http://www.malaysiakini.com/news/138632

Weiii, you gonna make Unker Jarance very nervous lerrrr :wink:

 

[jarance]

Weiii, you gonna make Unker Jarance very nervous lerrrr :wink:

yes I am nervous. Think I am going to hide under the table since the moderator are on leave.. :listen:

 

[infinityKL]

So, is this a good thing by current gov? where all this big scandal fellows are being brought to justice? I mean at least, their doing something right....

 

[berserkdroid]

Just for once, I'd like a headline to read: "political so-and-so charged - with 50,000 volts DC" :65:

 

[Hellraiser]

yes I am nervous. Think I am going to hide under the table since the moderator are on leave.. :listen:

uh? i thought i was the only one who noticed the absense and i don't think i'm the only one. maybe its time to rethink...

 

[blackrobe]

So, is this a good thing by current gov? where all this big scandal fellows are being brought to justice? I mean at least, their doing something right....

sceptical though it may seem to the believers of the current administration, I'll believe this whole fiasco when the whole process is completed begining from, capture, charging, proper trial, sentencing, then carrying out the sentence - which should be the maximum sentence avialable for the particular charge since the politician has a heavier duty not to commmit a crime to cheat the people he had been entrusted to represent and protect

This is still early days yet...and I dun wanna give them any benefit of the doubt...I've given them enough

 

[IanDaddy]

sceptical though it may seem to the believers of the current administration, I'll believe this whole fiasco when the whole process is completed begining from, capture, charging, proper trial, sentencing, then carrying out the sentence - which should be the maximum sentence avialable for the particular charge since the politician has a heavier duty not to commmit a crime to cheat the people he had been entrusted to represent and protect

This is still early days yet...and I dun wanna give them any benefit of the doubt...I've given them enough

Blackrobe, I don't blame you. The boy cries wolf many times too many. Even if there is a conviction , I doubt anyone actually goes to jail, remember the 2 convicted masked 'murderers' who are probably lounging in the Carribeans now.

 

[t2ribena]

Hi Guys,

Further political related discussion will be removed. Discussion on politics and religious matter is not welcome here in the BMW Club Malaysia forum. We are a car club specifically BMW cars/motorad so lets talk or discuss on our common interest.

Thank you for your cooperation.

 

[ALBundy]

This is how much is collected from the import duties imposed, should be more than enough to cover for fuel subsidy,
http://www.themalaysianinsider.com/business/article/import-car-duties-to-bring-in-rm3b-this-year/