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Make Petronas accountable to Parliament, not just the Prime Minister of the country


Media Statement
by
Ronnie Liu Tian Khiew

(Petaling Jaya,  Wednesday): Those who watched the CNN's Talk Asia interview with Anwar Ibrahim (aired on 25 September 2004) or read the transcript on the CNN.com website would know that the Petronas fund was used by the former Prime Minister for bailout.

Tun Dr Mahathir Mohammad may have stepped down but he should be held responsible if what was disclosed by Anwar Ibrahim was left unchallenged by the government.

Barely less than three weeks after the last petrol price hike, the PM is now talking about another price hike. He said this is unavoidable without telling why this is so.

Most Malaysians are not convinced because everyone knows that we are a significant oil producing countries. Or may be the rumours about Malaysia has been selling our oil well in advance at a much lower tag (around US$19 a barrel) compared to the current prices were not baseless. Japanese and Taiwanese oil traders were said to be laughing all the way to the bank.

Many Malaysians may not know that the full account of the national petroleum company is only accessible to the Prime Minister. Not even the Finance Minister. Anwar's revelations were not new but they were never challenged by Petronas, Mahathir or any other government leaders.

It's time to make the accounts of Petronas available to all Members of Parliament for greater transparency and checks and balances.

Public funds must not be treated as private ones. We do not want our public fund to be used for any other bailouts in future.

(20/10/2004)


* Ronnie Liu Tian Khiew, DAP International Secretary