For a man who held in complete contempt anyone who dared to question his
policies and decisions, it comes as a complete surprise that in retirement, Dr
Mahathir Mohamad has suddenly taken the high moral ground and is now unrelenting
in his pursuit for answers for decisions taken by the present government of
Abdullah Ahmad Badawi.
Since Mahathir demands answers, it is only right
and justified that the same ordinary public which he now claims to be part of
also requires him to answers the following questions:
-
What was the basis of inviting Libyan-American
Sadeq
Mustaffa
to Malaysia to set up InventQjaya Sdn Bhd and to also give
him a grant of RM440 million? What was the benefit for Malaysia and how has
Malaysia benefitted?
What was the justification for
privatising
profitable state-owned enterprises
like Telekom Malaysia, Tenaga
Nasional and Pos Malaysia?
What was the basis of granting
Indah Water
Konsortium
a concession to manage the national sewerage system?
Could you explain the RM1.4 billion soft loan to IWK which is clearly has
irrecoverable losses?
You insinuate Khairy Jamaluddin. Did you not assist your
son
Mirzan
by rescuing Konsortium Perkapalan Berhad (then owned by
Mirzan) and which had debts of RM1.7 billion using funds from Petronas? Was it
not your administration which forced Malaysian International Shipping Company
(MISC) to acquire the assets of Konsortium Perkapalan Nasional?
Did your government not sell
Malaysian Airlines System
without an open tender to
Tajuddin Ramli who had no knowledge whatsoever about running an airline? Why did
your government then later bail out Tajuddin by paying RM8 per share when the
shares were trading at only RM3.60 in the open market.
Did your administration not
bail out Time Dotcom Bhd
which was saddled with a RM5
billion debt? Why did your government bail out Time DotCom Bhd using RM904
million from Kumpulan Wang Amanah Pencen to buy up 273.9 million unwanted Time
Dotcom shares incurring an instant loss of RM280 million?
Did you not force the
Employees Provident
Fund
(EPF) to buy 81.6 million unsubscribed public portion of the
initial public offering (IPO) of Time Dotcom Bhd at RM3.30 per share when the
shares were trading at only between RM1.95 and RM2.10 and in the process
incurring an instant loss of RM100 million?
Did you not bail out the light rail transit operators Projek Usahasama
Transit Ringan Automatik Sdn Bhd (Putra) which
belonged to Renong
and Sistem Transit Aliran Ringan
Sdn Bhd (Star) using almost RM600 million from EPF which still resulted in EPF
having to write off RM135 million with a share loss of RM96
million?
Did your administration not award North South Expressway concession to UEM
(who then formed
Plus
) and then provide them with a loan of RM1.6
billion which was half of the tender price of RM3.2 billion. What was the
justification for your administration to grant Plus such overgenerous terms
which included annual increment of toll rates and guaranteed traffic
volumes?
What was the justification of your administration in 1998 in awarding a
RM24.3
billion contract to PSC Industries
Berhad, together with an advance
of more than RM2.5 billion to build naval patrol boats? Why were they also given
exclusive rights to service the Malaysian navy's entire fleet? Could you confirm
that the first two ships built by PSCI could not even pass pre-delivery trials?
How would you answer to the Public Accounts Committee's revelation that it will
cost the government another RM120 million just to salvage the first two vessels
nearing completion after seven years?
What was the basis of
awarding Ekran Bhd
the contract
to build the Bakun Hydroelectric Dam in Sarawak? Why
did your administration take over the construction of the dam by bailing out
Ekran by almost RM200 million for 'work done'?
What was the justification for your administration in
Maminco
to corner the London tin market which instead
resulted in Maminco losing RM150 million?
Was your administration not vitriolic about George Soros and other currency
traders and hedge fund managers but yet presided over speculation in the foreign
exchange markets which ultimately cost Bank Negara almost RM9.3 billion in
losses?
What are the total
losses of Perwaja Steel
and how much of public funds
have been used to cover these losses of Perwaja Steel?
What was the basis for your administration, at the expense of Malaysian
taxpayers, to force Tenaga Nasional Berhad to accept such grossly unfair and
unjustified terms in purchasing energy from
independent power
producers
?
What was the justification of privatising the government medical stores to
Southern Task Sdn Bhd which then
hiked up the prices
of medicines
?
Perhaps you could also reveal how much of
Petronas
monies
have been used by your administration in bailouts and
projects of folly.
Naturally there are many
more questions
the Malaysian public would want
answers to but answering these questions first would be a good start.
