Selangor Mbi Has No Public Accountability



A potential 1MDB like scandal waiting to happen
Murray Hunter
In the wake of prime minister Anwar Ibrahim’s launch of the National Anti-Corruption Plan, one of the major avenues where politicians and civil servants can manipulate assets and money is through special purpose vehicles formed under government.
According to the Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC) Azam Baki, staggering losses of RM 277 billion has leaked out of government due to corruption over the last 5 years. This is a nearly 30 percent leakage of aggregate government budgetary spending over the last 5 years.
Part of the reason for this staggering corruption is the lack of transparency, and public accountability lies in thousands of government linked companies (GLCs), which have been set up over the years to handle public assets and undertake business ventures. There legal structures are opaque, often without auditing and transparent decision making.
One such vehicle is Selangor’s Menteri Besar Incorporated (MBI). MBI was enacted under the Enakmen MBI in 1992 by the Selangor State Assembly. MBI is not bound to any audit, and according to a Federal Court decision in 2021 (Faekah v MBI 2021), MBI is treated as a sole proprietorship, where the current Menteri Besar is the sole proprietor. MBI Selangor has assets and cash worth more than RM 32 billion outside of public purview.
The effect of this, is such a framework without financial checks and balances allows the Menteri Besar to make decisions on public assets without any decision being able to be legally challenged. Consequently, this allows any sitting MB to manoeuvre assets and resources for his personal political agendas. There is no formal board of directors or advisory body set up in the original MBI Enactment. Faekah v MBI 2021 clearly stated this in the Federal Court decision:
Extract of Faekah v MBI Federal Court Decision.
Shah Alam Stadium
The announced plan to redevelop the Shah Alam Stadium complex into a commercial area with a much smaller stadium will cost Selangor citizens RM 3.28 billion. This is much larger than Selangor’s total aggregate spending of RM 2.54 billion in the 2024 budget. This brings up the issue about how MBI will be able to finance the Shah Alam Stadium redevelopment. Can Selangor afford this much without having to take a massive loan, or give over prime land packages, that are presently Selangor state land?
This is certainly a costly project for Selangor, where the decision has been made without any comprehensive business plan and financial analysis to determine the project’s return of investment (ROI) for the people of Selangor.
The second question is why MBI is spending RM 3.28 billion when the Shah Alam Stadium could be completely refurbished for less than RM 153 million, as per the JKR proposal (see below)?
RM 3.28 project plan
Thirdly, if there was an open tender called to demolish the stadium, the cost to MBI could be much less than RM 35 million agreed with the contractor.
All Malaysians should be concerned with the lack of transparency, and public accountability of MBI. Committing to a project that has a dubious ROI is a sign of gross mis-management, to say the least. The Shah Alam Stadium project should be a big red light, as it’s a massive loss of money just waiting to happen. This loss will unduly burden Selangor’s finances, where the people receive no benefit whatsoever.
What should have been learnt from the 1MDB case was that no one individual should be given sole discretionary power over funds and assets of the state. Selangor is running the risk of falling into this trap.
Azmin Ali promised when he was appointed the MB of Selangor to amend the MBI Enactment, so MBI would be answerable to the state assembly, where audited accounts are presented annually. This promise was never fulfilled, so absolute discretionary power of the MB with MBI remains today.
The current corporate structure of MBI Selangor allows mismanagement, asset and money laundering to occur without any outside scrutiny at all. Corruption will continue to thrive in such a legal environment.
JKR Proposal:
The post Selangor MBI has no public accountability appeared first on Malaysia Today.


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2024/05/10/selangor-mbi-has-no-public-accountability/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Selangor S 2035 Structural Plan On Display For Public Comments

Selangor S 2035 Structural Plan On Display For Public Comments

papar berkaitan - pada 10/5/2024 - jumlah : 111 hits
Menteri besar Amirudin Shari at the launch of the draft of the Selangor State Structure Plan 2035 in Shah Alam today PETALING JAYA The state government today launched the Selangor State Structure Plan 2035 draft This document complements th...
Has Pn Behaved Ungentlemanly By Wanting To File A Petition After Its Face Losing Defeat In Kkb S By Election

Has Pn Behaved Ungentlemanly By Wanting To File A Petition After Its Face Losing Defeat In Kkb S By Election

papar berkaitan - pada 12/5/2024 - jumlah : 233 hits
AS Pakatan Harapan supporters rejoiced over the victory of DAP s political greenhorn Pang Sock Tao against her Perikatan Nasional rival by a 3 869 vote majority in the Kuala Kubu Baharu state by election the opposition coalition has reitera...
Harapan Has Slight Advantage In Kkb Race Ilham Centre

Harapan Has Slight Advantage In Kkb Race Ilham Centre

papar berkaitan - pada 11/5/2024 - jumlah : 182 hits
KKB BY ELECTION Ilham Centre projects that Pakatan Harapan has an edge in retaining the Kuala Kubu Baharu state seat in tomorrow s by election In a statement the think tank acknowledged that Perikatan Nasional posed tough competition to Har...
Ringgit Has Been Unfortunate Unfairly Assessed Vs Us Dollar Bnm

Ringgit Has Been Unfortunate Unfairly Assessed Vs Us Dollar Bnm

papar berkaitan - pada 10/5/2024 - jumlah : 292 hits
The continued uncertainties over China s economic growth prospects and the recent geopolitical crisis have increased US dollar demand as a safe haven asset said Bank Negara Malaysia deputy governor Adnan Zaylani Mohamad Zahid Much has been ...
My Govt Has Never Sidelined Indian Community Insists Anwar

My Govt Has Never Sidelined Indian Community Insists Anwar

papar berkaitan - pada 2/5/2024 - jumlah : 126 hits
Prime Minister Anwar Ibrahim receiving a rousing welcome at a get together with members of the Penang Indian community at SP Arena Seberang Perai in this July 16 2023 file photo PETALING JAYA The various initiatives aimed at empowering the ...
Man Who Killed Pregnant Boss Has Death Sentence Commuted To 38 Years

Man Who Killed Pregnant Boss Has Death Sentence Commuted To 38 Years

papar berkaitan - pada 3/5/2024 - jumlah : 125 hits
Former resort housekeeper Hamzah Osman was earlier sentenced to death for murdering Norazlida Iden in a room at the Suria Beach Resort in Pulau Pangkor on Aug 18 2008 PUTRAJAYA The Federal Court here today commuted the death sentence impose...
Has The Malaysian Super League Become Super Unsafe

Has The Malaysian Super League Become Super Unsafe

papar berkaitan - pada 13/5/2024 - jumlah : 219 hits
The Malaysian football fraternity still reeling from the shock of unprecedented attacks on three national players in a spate of six days is fiercely divided over the motive behind such barbaric acts The brutal attacks on football celebritie...
No Campaign Elements In Kkb Hari Raya Open House Selangor Mb Tells Bersih

No Campaign Elements In Kkb Hari Raya Open House Selangor Mb Tells Bersih

papar berkaitan - pada 28/4/2024 - jumlah : 254 hits
The Selangor menteri besar has denied electoral watchdog Bersih s claim that his administration committed election offences by holding a Hari Raya Aidilfitri open house in Kuala Kubu Baharu yesterday Amirudin Shari assured there were no ele...
Rasa Masakan Korea Soondubu Jigae Beef Di Dubuyo

China S President To Host Official Dinner For Anwar

Drama One Cent Thief 2 Lakonan Syafiq Kyle Azira Shafinaz

I Bought A Toy Like Vape Online Mp Tells Dewan Chamber

Tip Mudah Santan Berketul Jadi Elok Semula Letak Sehelai Daun Ini Saja

Unlocking Savings Expert Tips For Finding Discounted Cigarettes In Australia

India Secebis Kenangan Di India Random Photos

Kips Bay Decorator Show House Dallas 2024 An Exquisite Showcase Of Design


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Kecantikan Puteri Tunggal Mawi Ekin Dipuji Sweetnya Cahaya Malaika Copy Paste Mawi

Janna Nick Menangis Rayu Henti Tanya Soal Zuriat Pernah Cuba Ivf Tapi Gagal

Hukum Solat Jenazah Dua Kali Oleh Orang Sama

Kajian Tentang Teknik Humblebrag Di Media Sosial

Kisah Care Giver

Building Dreams One Brick At A Time Legoland Malaysia Resort Welcomes Malaysia S First Master Model Builder