The Prime Minister-cum-Finance Minister, Datuk Seri Abdullah Ahmad Badawi began his 2008 budget speech reminding Malaysians of its significance and historic circumstances — on the occasion of the nation’s 50th Merdeka anniversary celebrations and the first Budget as the nation enters the second 50-year phase as an independent state.
To me, the 2008 budget was even more significant — as it was an acid test as to whether the Prime Minister was finally going to “walk the talk” of his National Integrity Plan and keep his pledge to Malaysians that he would lead a clean, incorruptible, accountable, transparent, trustworthy and responsible administration and that he would not countenance the culture of impunity among his Ministers and public officials — or whether he would break his final pledge that he would not approve mega-billion-ringgit bailout of “white-elephant” projects (as all his other pledges of good governance have already been broken).
I was very disappointed by Abdullah’s 2008 Budget, for he had failed this acid test.
There was not a word about the RM4.6 billion Port Klang Free Zone (PKFZ) bailout scandal — the largest financial scandal at the start of any Prime Minister in Malaysia, even bigger than the RM2.5 billion Bumiputra Malaysia Finance (BMF) scandal which led off the Mahathir premiership more than two decades ago.
Tun Dr. Mahathir had said at the time that the RM2.5 billion BMF scandal was a “heinous crime without criminals”. Are we having another bigger “heinous crime without criminals” in the form of the RM4.6 billion PKFZ scandal under the Abdullah administration?
Abdullah had failed as both Prime Minister and Finance Minister in not giving a full and satisfactory accounting of the government bailout of the RM4.6 billion Port Klang Free Zone (PKFZ) scandal to set an example of government accountability and financial integrity to all Ministers, Deputy Ministers and Parliamentary Secretaries.
This is because in the past two weeks, the Transport Minister, Datuk Chan Kong Choy (before he suddenly went on medical leave, sparking political speculation whether he is resigning from the Cabinet), the Deputy Finance Minister, Datuk Dr. Awang Adek bin Husin and the Parliamentary Secretary to the Finance Ministry, Datuk Seri Dr. Helmi bin Yahaya had been misleading Parliament and the nation about the true nature and character of the RM4.6 billion PKFZ bailout scandal. Continue reading “Liong Sik’s last act as Transport Minister on May 28, 2003 – unlawfully signing first of four “Letters of Support” for KDSB bonds resulting in RM4.6b PKFZ bailout scandal?”