There had been news
circulating that a Singapore company is suing outfits and executives
associated with the NFC for huge arrears in rentals. Entire floor
of prime business premise had been leased in Singapore and yet left idle. If I am
not mistaken the premise is said to carry a monthly rental of RM 22
million. If my memory is correct and the fact is accurate, I don't
think the soft goverment loan of RM250 is going to last very long,
given such callous management style.
A few days ago I read a
statement by the Chairman of the Parliamentry Financial Committee
that NFC had failed to serve its first instalment for the RM250 million, due
after three years from the date of its granting. This if of course
worrying. Would this be just another case fitting the general pattern
of abuses and corruption in Malaysia where loans are simply taken and
never revoverable for many many 'reasons', ranging from bancruptcy,
poor management, write-offs, to crisis requiring bail outs and many
other forms of ' unforseen circumstances'. This is particularly
worrying considering NFC had failed in its very first instalment of
the payment, which could raise the question whether NFC's had ever intended
to repay the loan of RM250 million in the first place.
In the meantime the
Secretary General of UMNO had made a statement a few days ago that
there is no need to pressure the Wanita UMNO Leader to quit her
party position because she was elected to the position. I don't wish
to question the party position on whether the Wanita Chief should or
should not quit her position, as I understand internal politcs and
calculations can be quite complicated. However the Secretaray
General's statement and its implications is of another matter
altogether. What if the demand for her to quit comes from those who
elected her in the first place? Don't they have the right to review
their mandate in the light of changing situation? Is anyone for that
matter beyond review and accountability 'once elected'? Shoudn't any
party be sensitive to the question of the integrity or performance of
its office bearer's 'once elected'?
Looking beyond the
specific case of NFC, one the major problems facing our nation is
that there are too many people always in a haste to be rich, in lieu
of hard work and toil. This is in contraventon to the natural law
that rewards is always in return for work. Hence there is always many
people dreaming of a life of ease and plenty, counting on networks,
cronyism, nepotism, political influence, power, patronage and almost
everything else besides honest work or toil. Those involved in this
manner often forget or choose to forget that whatever is begotten in
this manner is always at the expense of others who had done honest
work and toil, yet being denied of the fruits of their labour and
striving. An obvious example would be how tax payers money are being
squandered ever so easily by those rushing rich!
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