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Saturday, January 17, 2015

Dr M now sleeps with the enemy

He's using Sarawak Report to demand 1MDB's transparency, but what about his transparency on scandals during his time in office?
COMMENT
By Iskandar Mohamad
mahathir2Clearly, Dr Mahathir Mohamad has not come to terms with life as a former prime minister. To the surprise of many, this authoritarian octogenarian, whose voice reverberated down the halls of Putrajaya’s corridors of power decades ago, has now used Sarawak Report as platform from which to voice his grouses.
It is akin to sleeping with the enemy – a betrayal of all sorts, for Sarawak Report is known for its anti-government stance in so many issues. What compelled the former PM to resort to such a drastic action?
Recently, 1Malaysia Development Bhd CEO Arul Kanda Kandasamy announced that the entire RM8.24 billion parked at the Cayman Islands has been brought home. Can Mahathir’s dissatisfaction with this statement be so strong as to spur him to have a questionable liaison with Sarawak Report?
A close scrutiny of that so-called exclusive interview reveals many preposterous and implausible grouses.
It is inconceivable that a former PM expects 1MDB to undermine the security of its money by disclosing where it’s kept. Mahathir has really forgotten that he is not the PM anymore and no one except his family and staff are accountable to him, not even the officials who served him in Putrajaya.
Transparency is not dancing to the tune of a former prime minister.
Transparency is revealing the debacle that Mahathir created with the Perwaja issue. He has yet to reveal the many management blunders he made with Perwaja and other scandals, involving RM51.6 billion.
To summarise:
  • Bank Bumi scandal: RM10 billion
  • Maminco-Makuwasa Affair : RM1.6 billion
  • Forex scandal in the early 90s: RM30 billion
  • The Perwaja Steel scandal: RM10 billion
Since Mahathir is all for transparency and enlightening explanations, before he says anything else, he should let all Malaysians know what really happened in all those scandals.
Malaysians want to know how those scandals happened and how and why even when Mahathir realized the management failure of Perwaja, instead of turning to other experts in the downstream steel industry, he set up a new management team headed by Eric Chia (who was then UMW chief) to steer Perwaja out of troubled waters – all because of his pride and refusal to admit his mistakes.
Explain to Malaysians how Perwaja owes Petronas RM275 million, TNB RM177 million and the government RM201 million. Explain also how Perwaja is going to pay its debts and return the money to taxpayers. Present concrete evidence to prove that every single cent will be repaid before you have the audacity to slam 1MDB.
Kandasamy had the moral courage to make a public statement about the 1MDB funds. Do you have answers to all those queries about the trail of destruction you left behind?
Transparency – you asked for it, Dr M. Now, you bring it on.

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