Nor Mohamed Yakcop shameless lied about the RM600 million “bonus” for Umno divisions

While government is still keeping mum on the RM600 million scandal, Nor Mohamed Yakcop and other Umno leaders have started lying by giving different stories on how the money was being spent. Whether it’s for Umno or Barisan Nasional divisions, AAB has no right to channel money belongs to the rakyat to line their pockets!

Nor Mohamed Yakcop shameless lied about the RM600 million “bonus” for Umno divisions

I referred to the Bernama article posted by Raja Petra entitled “30,000 Class F contractors reap gains from Govt jobs”. I found him lying all the way throughout the report.
“Nor Mohamed said that the RM3 million allocation announced for each district by the Prime Minister at the UMNO General Assembly was already available. He said Members of Parliament and heads of Barisan Nasional branches could identify appropriate projects to be carried out in their constituency as the federal government might sometimes be unaware of local needs. He also said that even Opposition MPs could provide viewpoints on the projects that were needed.”
Nor Mohamed lied to his teeth when he said that “MPs and heads of BN branches could identify appropriate projects to be carried out in their constituency…” because on the ground, only Umno division chiefs were given the right to lay their hands on the RM3 million political “bonus” ! Go ask any MCA, MIC, Gerakan and PPP division leaders and see if they have gotten any money out of these RM600 million. In Sarawak where there’s no presence of Umno, not a single sen was given to any of the district. It is also untrue that “Opposition MPS could provide viewpoints on the projects that were needed” because he knows pretty well that there was no such mechanism or channel to do so. It was also wrong for Nor Mohamed to argue that an annual growth of 6% in average was sufficient to achieve developed nation status by 2020. DAP SG Lim Guan Eng, a qualified accountant had earlier pointed out that nothing less than 7.2% growth every year from now was needed to achieve the Wawasan 2020 target.
“We do not want to take from Paul and give to Peter, therefore the (economic) pie has to expand,” Nor Mohamed said.
If that’s the case, Umno must stop demanding for higher bumi equity and also stop denying that the bumi equity has not reached more than the targeted 30% set out in NEP.
He also said that Malaysia’s reserves were currently at US$80 billion.Asked on the country’s indebtedness, Nor Mohamed said Malaysia’s external loans currently amounted to RM70.8 billion, of which 17.8 percent was federal government loans. “The loans are not high and consistent with our expanding economy,” he said.“We hardly borrow overseas and we only do that to maintain our credit rating in the international market. We also prepay our external borrowings sometimes,” he said.

Mahathir gambled away nation’s money The fall based on devaluation is different from a fall by floating.The former is an economic adjustment to regulate the macro-economic fundamentals such as national output, employment, among others, while the latter is a market adjustment to regulate market forces such as the exchange rate of a local currency vis-a-vis foreign currencies and the share prices in the stock market . Hence, once the nation’s currency has been devalued, it can be floated without the possibility of a currency crash because the effect of devaluation has already stabilised the country’s general economic fundamentals. Mega gambler Mahathir had committed a serious crime by secretly compelling Bank Negara to use its scarce foreign reserves for unethical and unauthorised purposes. What was more serious was that he had gambled away the nation’s hard-earned money worth billions of ringgit in high-risk global speculative activities. He should be held accountable for this squandering.Malaysia did not have the expertise in global forex speculation the likes of global forex player Soros. What should Malaysians do to this mega crook who always denies any wrongdoing? Bank Negara, in this case, was in cahoots with Mahathir. Mahathir must pay Bank Negara is supposed to be the regulator of the financial market, not player/speculator. It can use its own foreign reserves to go into the forex market in Malaysia in order to regulate and stabilise the ringgit, but it should not speculate in forex markets. As such, its action was unethical. Foreign reserves of a country is a crucial item to service imports, regulate the country’s currency value and to pay off foreign debts. The Bank Negara governor at that time was Jaffar Hussein and the head of the forex trading unit was Nor Mohamed Yakcop. Both resigned after the speculation fiasco. The golden rule is if any Malaysian wants to bet in any foreign exchange market he should use his own funds, not that of the nation.Mahathir must be held accountable for his action.

 

The National Union of Journalists (NUJ) has admitted receiving donations amounting between RM2,000 and RM3,000 on an annual basis from Federal Territories and Urban Well Being Minister, Raja Nong Chik Raja Zainal Abidin. Anbalagan was responding to allegations made by

Raja Petra Kamarudin on his Malaysia Today website today.  I

related article http://suarakeadilanmalaysia.wordpress.com/2012/02/03/minister-raja-datuk-nong-chik-is-fuel-that-will-triger-the-subprime-meltdown-in-malaysia/

n an article entitled, “The Raja Nong Chik saga”, Raja Petra alleged that the minister gave NUJ RM2,000 to play up the NFC issue against the interest of Shahrizat, who is also the Wanita Umno chief. Raja Petra also published a CIMB bank receipt as proof of payment to NUJ. This, according to Raja Petra, was done so that Shahrizat would not be fielded as a candidate in the Lembah Pantai parliamentary constituency in the 13th general election. If someone who knows you mildly, can play you like a musical instrument, eliciting the responses they want, that is your biggest Achilles’ heelIf ego can erode brotherly ties between the world’s richest siblings, ruin careers and relationships, wipe away fortunes and futures, it surely is a greater force than most of us give it credit for!Come to think of it, ego is one of the two deadliest traps you could fall into — at work, or even in your relationships. The second of course is emotion. The two forces within that could conspire to ruin you with very little help from external enemies. The enemies within.Ego that blinds you to all else but a perceived slight. And emotion that blinds you to the outcome of your resultant outburst. Ego that makes an entire clan believe their honour has been hurt by a young couple’s romantic liaison. And emotion that makes them kill their own child and the lover.From the Gita to Osho to Buddhist teachings to modern Western analysis of the constructed nature of self, all religions and philosophies have attempted to define ego. Yet, ego remains almost as abused a word as “sexy”! “He has a huge ego;” “Don’t let ego ruin your relationship,” “Ego comes in the way of success” are oft-heard phrases. And yet, how many understand what the word means?Here are a few definitions. Ego is “a pseudo reflection of the soul” (Lord Krishna in The Gita); “a false sense of the self,” (Master Sheng yen, one of the world’s most respected Buddhist masters); “an emotionally charged image of self” (Otto Kernberg, pioneering psychologist); “A false centre. The reflection of what others think” (Osho).So then should one rid oneself of all ego and emotion as religious texts prescribe? Well, so long as you wish to live in the world and not take off to the mountains in a loin skin carrying a kavandal, the better deal surely is to learn to handle ego and emotion rather than give them up!You can either make ego and emotions your strength or your greatest weakness by allowing someone else to handle them to their advantage. If someone who knows you mildly can play you like a musical instrument, eliciting the emotions and responses they want from you, that is your biggest Achilles’ heel. If your enemy knows what most angers you and so makes you lose control, undoubtedly he will be tempted to use his power over you.In our everyday lives, we are bound to be faced with situations that hurt our ego or incite emotions. A hurt ego almost always responds emotionally. The emotion may be one of sadness, anger, revenge or aggression. Give in to it and you have walked into a trap; to walk away is to transcend on to another plane and feel thrilled with your will power and control over yourself.People take a catlike delight in playing with those trapped by their emotions. As Deepak Chopra says, managing others begins with managing yourself first. “Business leaders who don’t know themselves too well and cannot get a grip on their emotions and ego, fail miserably.”The top performing companies are usually those whose CEOs’ names you wouldn’t know. They have none of the ego and arrogance associated with a CEO. That’s because “these people were not into themselves; their goal was not adulation or power, but to create a great company.” Their companies would do well even after they leave. Which is more than can be said for Jack Welch, former CEO of General Electric. But can certainly be said for Infosys’ Narayanmurthy!

The aim should be to develop a high level of emotional intelligence, which enables you to think through your emotions intelligently. And to use your emotions to help you think more intelligently. It is important to stay in touch with who you are as a human being, because that is who you will be in every sphere of life, be it work or relationships.To that end, ego or an awareness of self is important. Who you think you are is an integral part of who you become.readmore With Mahathir, Nor Mohamed Yakcop gamble away Malaysia’s foreign reserves
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