A bombshell has been exposed with the former chief of MAS, Tajuddin Ramli, filing an affidavit in court naming our former premier Dr Mahathir Mohamad and our former finance minister Daim Zainuddin as being the two who ordered him to purchase MAS shares at a big premium from Bank Negara in order to help the latter to mitigate its losses in the forex markets in 1994.

How the cat is out of the bag and Malaysians are privy to the hanky-panky dealings of our top political masters and their favourite tycoons and how one-sided deals have caused public coffers to be drained. One such misadventure by our central bank resulted in it being burnt big time while playing with the big boys in forex trading business and hedge funds lead by the infamous Goerge Soros.

Previously, when the Malaysian government wanted to corner the tin market in the 1980s, they also lost big time. They never learnt their lessons of not to playing high stakes poker with taxpayers' money more so with foreigners who are well-versed in their wheeling and dealing aimed at causing a big dent in our foreign reserves.

It is now payback time for the former premier as all the sins of the past which he has managed to hide during his 22-year-rule seem to be coming back to haunt him with a vengeance. With all the scandals being highlighted by the press lately, one can see he is a cornered man whose legacy will tainted with all the abuse of power and corruption during his rule.

His strident attacks against the present regime is just a smokescreen to hide the weaknesses during his rule and the public should not be swayed by his various malicious allegations. He is only interested in saving his skin as well as to prevent his family's fortune from being investigated.

As for Tajuddin Ramli, he seems to be a fall guy for his two political mentors as a gentleman's agreement without a written contract won't hold up in court as it is only hearsay without any documentary proof. It is common knowledge that MAS' present woes started during Tajuddin's term as CEO. He cannot plead ignorance and shouldn't hide between the skirts of his two mentors to fight the legal suits filed by his creditors.

As for the public at large, we are the ultimate losers when politicians make bad deals. They seem to be immune from prosecutions and go scot-free for all their crimes against society. Surely it is not too much to ask the government of the day to check on the serious allegations made by Tajuddin against Mahathir and Daim. Or do we need to change the government at the next polls before the ACA brings the culprits to book?