It's nice to know that the government is that good in making a quick buck outta all of us. I really have no intention of landing myself in prison and charged with ISA. Thought the communist is long gone, the ISA is still happily around so considering that I'm no where near royalty or being as popular as Raja Petra. I'll keep my mouth shut.
But it doesn't hurt to post this up and educated the public right? So there you go, read it, pass it around, debate about it at your local mamak, write in your memos somewhere not to vote for the government in the next election, whatever.
> ECM Libra FInancial Group Berhad has a stake in (PMB) through it's acquisition of Avenue Capital Resources in 2006. That deal left a bitter taste in the mouths of those knowledgeable in the
> financial world as it was a clear case of insider's trading.
> Note that Khairy Jamaluddin was a Director of Investment in ECM Libra in
> 2004 before he tendered his resignation after this infamous debacle.
> However, Pak Lah's closest crony, Dato' Seri Kalimullah is currently the
> Chairman and Chief Executive Officer of ECM Libra.
> Recently, PMB was given the job of giving out the cash rebates to replace of fuel subsidy. It is quite odd on why JPJ was not given this
> role but instead it was given to a postal service company. Instead of the more efficient and more relevant job function of the JPJ, these cash handouts responsibility were thrusted into the already mountainous variety of services PMB had to handle. The only defence that Pak Lah might see the
> appropriateness of this move is the many branches of post offices nationwide which the public can easily have access.
> But now, let's see how Pak Lah and his cronies get extra money out of this purportedly 'for the rakyat' act of selflessness.
> For every transaction, PMB will get 10 sen commission on every RM10 of that RM625 and RM150 (for cars and motorcycles respectively).
> That means, for every transaction, PMB will get RM6.25 for cars and RM1.50 for motorcycles in the form of transaction fees.
> There is about 11 million cars and 8 million motorcycles in this country at the moment. Let's do the math :
> RM6.25 x 11 millions = RM68.8 million (for cars)
> RM1.50 x 8 millions = RM12 million (for motorcycles)
> A cool total of RM81 million for the whole exercise per year. Even if we use pareto principle and apply the 80/20 ratio, RM65 million
> (80% out of RM82 million) would still fall in their hands. And this does not include the commission from RM200 subsidy to be given to each fishermen in the country!
> With RM117 million already paid out during the first day, I wonder how much PMB will collect by March 2009. This role was given to PMB
> and not JPJ because PMB is a public listed company (read: profit
> oriented) while JPJ is government owned entity (read : no cost to public).
> It's even funnier that those who own cars 2,000cc and above were told to
> claim their RM200 rebate from the JPJ, not PMB. Why is this? Well, there are not many people with cars above 2,000cc in Malaysia anyway.
> And JPJ do not impose any fees.
> This cunning way of trying to 'help' the poor while at the same time
> enriching one self is very much prevalent in Pak Lah's administration.
> What's worse, they are emptying the nation's coffers (from the Treasury) in the form of cash rebates and transfer a percentage of it into their own
> pockets (through fees paid into PMB and ultimately into ECM's bank
> And that my friends is how the poor get screwed to help the rich get even richer! (Orang kaya menjadi bertambah kaya kerana orang miskin).
> These poor people did not realize that they had helped finance Pak Lah's
> cronies indirectly
> Make the most of what you can do on your PC and the Web, just the way you want.
Just a quick note: I cannot stand KJ! I loathe him and I loathe the day he was born. Sounds extreme? I just don't have an ounce of respect for that idiot.
Despite his background in journalism and investment banking, and his university education at Oxford University and University College London in the UK, (perhaps he left his brains there, considering how rich he is, someone please convince him to courier his brains back to Malaysia) he just had to opened his BIG mouth and spew shit by claiming that the Chinese communities in Malaysia will take advantage of the Malays if UMNO is weak.
The most laughable of his stupidity was when he wanted to rebrand Mat Rempits as Mat Cermerlang. I suppose considering that KJ probably has police escorts everywhere he goes, he doesn't get heckled by the Mat Rempits on the street like us normal people. We are all aware that it's the Mat Rempits that causes us trouble on the street. There are countless of News papers articles of Mat Rempits smashing windows and robbing and raping female drivers are common and this idiot wants them to be the Eyes and Ears for the Malaysian Police Force? What was he thinking, oh wait, was he even thinking? Does KJ even have eyes to read the papers and ears to hear the complaints. Damn, the idiot needs a brain. A working one that is.
Mr KJ suffers from foot in the mouth syndrome, over-ambition, ruthlessness in getting what he wants, lack of respect for other races. He needs to get off his high horse, grow a brain (if it's not too late) and learn to respect others (something that apparently wasn't taught in the university he attended or was he fast asleep or fooling around in class)