(Petaling Jaya, Wednesday): In his
London talk on Sunday, the Prime Minister, Datuk Seri Dr. Mahathir Mohamad said
that his government would not tolerate any deliberate misappropriation of funds
or mismanagement, "crony or otherwise".
As proof of
the seriousness of his statement, Mahathir should direct that a police report be
lodged to initiate investigations whether there had been deliberate
misappropriation or mismanagement of public funds in the decision taken by Tun
Daim Zainuddin when he was Finance Minister in the buyback
bailout of Tan Sri Tajudin Ramli's 29.09% stake in MAS
at RM8 a share when the market price was only RM3.68.
must declare that he would allow the
police to investigate whether there had been any deliberate misappropriation or
mismanagement public funds in the
RM1.79 government billion buyout bailout of Tajudin's MAS stake, and let
the Attorney-General to decide whether
there is a case for prosecution, on three important grounds:
It is clear
that in the RM1.79 billion buy-out bail-out of Tajudin's MAS shares, there was
not only total lack of transparency and accountability, there was a serious
violation of the government's guidelines for bailouts where Tajudin was not only spared
from having to take "appropriate hair-cuts", the Malaysian taxpayers
have been required to take repeated "haircuts" to try to put the
national airline back on track to profitability.
If this is
not "deliberate misappropriation or mismanagmenet of public funds",
then Malaysians will be at a total loss as to to their actual definition!
has declared total lack of tolerance for deliberate misappropriation or
mismanagement of public funds, the outrageous RM1.79 billion government buyout bailout of Tajudin' MAS stake is one acid test.
Malaysian can lodge a police report to ask for investigations into possible criminal
wrongdoings in the RM1.79 billion MAS buyout bailout, but as the Prime Minister
had made his policy statement of no tolerance for any deliberate
misappropriation or mismanagement of public funds, it would be more appropriate
for such a polic report to emanate from the government.
Parliament when it meets in a fortnight's time should adopt an unanimous motion
to ask the police to investigate, and the Attorney-General to decide, whether
criminal prosecutions could be initiated for any deliberate misappropriation or
mismanagement of public funds in the RM1.79 billion government buyout bailout of
Tajudin's MAS stake at more than double the market price.