Malaysiakini reports that RM380b lost through graft over 20 years, Parliament told.
Reading it makes me spin for a while. I am boiling in exasperation in this simmering summer heat while my brain is crunching the amount. At loss to digest how much of rakyat funds have been squandered all these years by those robbers, whoever they are. Crime does pay for some people, especially those who walk in corridors of power.
Lim Kit Siang told Parliament that international investments and finances services giant Morgan Stanley had in 2004 estimated that as much as US$100 billion (then RM380 billion) had been squandered through corruption over the past two decades.
(That is about the same amount of the current value of all my employer's ongoing projects.)
The estimated figure may be less than the actual amount that had slipped if we calculate other wastages from other syok sendiri projects, events, ceremonies etc. Name other 'legal' channels of robbing like wang ehsan, subsidies to IPPs, tolls, bailouts, APs, etc and we may get the real picture of our nation's wealth. We are rich indeed.
RM380 billion or more will be lost forever. Nobody is answerable while ACA is still stuck with old way of doing things. Nothing will change as long as ACA is only answerable to the PM, not parliament.
Those robbers are enjoying their loots and some perhaps are still enjoying their days as ministers and leaders of our beloved nation.
What a tragedy!