The large amounts of money spent in the country. What can you infer from it? Ridiculous? Amazing? Or both?

This is a compilation of all the RM spent by BN throughout the years. The source can be found by clicking here.

I received an email highlighting The Wastage In Billions Of Ringgit Which Could Have Improve Lives Of The Rakyat. It's no wonder UMNO 's platform for re-election is based on promoting race to hide the fact they they have failed the Rakyat is so many ways. I guess when individuals do not have much education it is easy to sell them 'Ketuanan Melayu'. blinded by racist sentiments they support a party that do not practice good governance and accountability. If not for the billion wasted, there is no need for quotas as there will be enough to go round.

1. The Bank Bumiputra twin scandals in the early 1980s - US$1 billion (RM3.2 billion in 2008 ringgit)

2. The Maminco attempt to corner the world tin market in the 1980s is believed to have cost some US$500 million. (RM1.6 billion)

3. Betting in foreign exchange futures cost Bank Negara Malaysia RM30 billion in the 1990s.

4. Perwaja Steel resulted in losses of US$800 million (RM2.56 billion). Eric Chia, was charged with corruption for allegedly steering US$20 million (RM64 million) to a Hong Kong-based company

5. Use of RM10 billion public funds in the Valuecap Sdn. Bhd. operation to shore up the stock market

6. Banking scandal of RM700 million losses in Bank Islam

7. The sale of M.V. Agusta by Proton for one Euro making a loss of €75.99 million (RM 348 million)

8. Wang Ehsan from oil royalty on Terengganu RM7.4 billion from 2004 – 2007

9. For the past 10 years since Philharmonic Orchestra was established, this orchestra has swallowed a total of RM500 million. Hiring a kwai-lo CEO with salary of more than RM1 million per annum !!

10. In Advisors Fees, Mahathir was paid RM180,000, Shahrizat Abdul Jalil (women and social development affairs) RM404,726 and Abdul Hamid Othman (religious) RM549,675 per annum

11. The government has spent a total of RM3.2 billion in teaching Maths and Science in English over the past five years. Out of the amount, the government paid a whopping RM2.21 billion for the purchase of information and computer technology (ICT) equipments which it is unable to give a breakdown. Govt paid more than RM6k per notebook vs per market price of less than RM3k through some new consortiums that setup just to transact the notebook deal. There was no math & science content for the teachers and the notebooks are all with the teachers' children now.

12. The commission paid for purchase of jets and submarines to two private companies Perimeker Sdn Bhd and IMT Defence Sdn Bhd amounted to RM910 million.

13. RM300 million to compensate Gerbang Perdana for the RM1.1 billion “Crooked Scenic Half-Bridge”

14. RM1.3 billion have been wasted building the white elephant Customs, Immigration and Quarantine (CIQ) facilities on cancellation of the Malaysia-Singapore scenic bridge

15. RM 100 million on renovation of Parliament building and leaks

16. National Astronaut Programme - RM 40 million

17. National Service Training Programme - yearly an estimate of RM 500 million

18. Eye on Malaysia - RM 30 million and another RM5.7 million of free ticket

19. RM 4.63 billion, ’soft-loan’ to PKFZ

20. RM 2.4 million on indelible ink

21. Samy announced in September 2006 that the government paid compensation amounting to RM 38.5 billion to 20 highway companies. RM 380 million windfalls for 9 toll concessionaires earned solely from the toll hike in 2008 alone.

22.. RM32 million timber export kickbacks involving companies connected to Sarawak Chief Minister and his family.

Bailouts –
23.. Two bailouts of Malaysia Airline System RM7.9 billion. At a time when MAS incurring losses every year, RM1.55 million used to buy three paintings to decorate its chairman's (Munir) office. 24. Putra transport system bailout which cost RM4.486 billion.

25. STAR-LRT bailout costing RM3.256 billion.

26. National Sewerage System bailout costing RM192.54 million.

27. Seremban-Port Dickson Highway bailout costing RM142 million.

28. Kuching Prison bailout costing RM135 million.

29.. Kajian Makanan dan Gunaan Orang Islam bailout costing RM8.3 million.

30. Le Tour de Langkawi bailout costing RM 3.5 Million.


Please forward to all our family and friends & let them all know how much the BN has cheated & wasted our hard earned $$$ !!!!!!!!

By Zaihani Abdul Hamid