Mengapa Projek RM 84.3 Juta Ibupejabat MPSP Dibuat Tanpa Tender Terbuka

Dalam skendal kehilangan rizab MPSP sebanyak RM 223.7 juta dalam tempoh masa 9 tahun, bekas ahli EXCO Kerajaan Tempatan Datuk Dr Teng Hock Nan mesti jelaskan mengapa projek pembinaan ibupejabat MPSP sebanyak RM 84.3 juta dibuat tanpa tender terbuka dan satu sistem penghawa dingin diberikan kepada Aseania Linear District Cooling System Sdn. Bhd dengan kos yang begitu tinggi dipakai.

Daripada lebihan Kumpulan Wang Baki sebanyak RM 230.1 juta pada 1.1.2000 dan tinggal hanya RM 6.4 juta pada 31.12.2008, di antara faktor utama kehilangan RM 223.7 juta dalam tempoh masa 9 tahun adalah seperti berikut:-
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The Public Shall Judge Whether MPSP’s Expenditures Benefited Public Interest.

Details of Seberang Perai Municipal Council’s (MPSP) shocking RM 223.7 million losses in reserve funds over nine years from 2000 to 2008 are revealed together with significant development expenditures. The public shall judge whether such expenditures benefited public interest or is just another sad example of BN’s cronyism, mismanagement and money politics. From an accumulated surplus of RM 230.1 million at 1.1.2000 to only a budgeted surplus of only RM 6.4 mllion at 31.12.2008, RM 223.7 million has been lost over 9 years.

Penang Gerakan chairman Datuk Dr Teng Hock Nan. who is also former state local government and traffic management committee chairman, claimed that the money was used for major and small local community projects to benefit the people such as: Continue reading “The Public Shall Judge Whether MPSP’s Expenditures Benefited Public Interest.”

Malayan Banking Bhd May Have to Make Higher Loan Provisions Of Up To RM 5 Billon

Maybank may have to make a higher loan provisions of up to RM 5 billion from the over-priced purchase of Pakistan’s MCB Bank and BII and not only the RM 242 million for its investments in MCB. Maybank had paid RM 10.8 billion to purchase two distressed foreign banks at twice their present value – the RM 8 billion acquisition of BII and RM 2.8 billion purchase of a 20% stake in Pakistan’s MBC Bank.

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