UMNO and BN talk about “stability” and “prosperity” cannot be trusted when their leaders do not even admit that Malaysia had lagged behind other countries after six decades of UMNO-BN government and the 1MDB financial scandal is the greatest corruption scandal in Malaysia

UMNO and Barisan Nasional talk about “stability” and “prosperity” cannot be trusted when their leaders do not even admit that Malaysia had lagged behind other countries after six decades of UMNO-BN government and that the 1MDB financial scandal is the greatest corruption scandal in Malaysia.

Can UMNO and Barisan Nasional leaders list the countries which enjoyed greater “stability” and “prosperity” by being more corrupt and kleptocratic?

Can UMNO and BN leaders explain why they continue to deny that the 1MDB scandal is Malaysia’s biggest financial scandal and caused the world to regard Malaysia as a “kleptocracy at its worst”?

Let the UMNO President, Zahid Hamidi, the MCA President Wee Ka Siong and the MIC President S. Vigneswaran explain why they had never condemned the 1MDB scandal in the last ten years.

In fact, I should go one step further and ask Zahid, Ka Siong and Vigneswaran why they had supported the 1MDB scandal – is it because UMNO, MCA and MIC had benefitted from the 1MDB scandal?

In July this year, the Finance Minster Tengku Zafrul Aziz told Parliament that the remaining debt commitment of 1Malaysia Development Bhd (1MDB) is RM32.08 billion as at June 30, 2022, with an estimated foreign exchange rate of US$1 to RM4.50.

Tengku Zafrul said that the government between April 2017 and May 2022, channelled financial assistance in the form of loans or advances totalling RM10.85 billion via the Finance Ministry and Minister of Finance Incorporated (MoF Inc) to pay off 1MDB’s debt commitments and interest.

He said that besides the government’s direct financial assistance, 1MDB’s debt interest is also being financed using 1MDB’s asset recovery funds kept in a trust account under the MoF, known as the Asset Recovery Trust Account.

Up till June this year ,1MDB’s total funds recovered amounted to RM19.28 billion in various foreign currencies, including the United States dollar, Singapore dollar and Australian dollar.

Will Zahid, Ka Siong and Vigneswaran direct that every sen that UMNO, MCA and MIC had received from 1MDB scandal is returned to the government to help pay for the tens of billions of ringgit of 1MDB debts?

For a start, will UMNO, MCA and MIC make public a list of UMNO, MC A and MIC officials, divisions, branches and projects which had received funding from 1MDB?

If Najib Razak fully served his 12-year jail sentence for the first series of his 1MDB offences, , Malaysia will still be paying the 1MDB debts when he walks out of Kajang Prison – but Zahid, Ka Siong and Vigneswaran want Najib to walk out of Kajang Prison as a free man after the 15GE.

In 1965, one Singapore dollar is equal to one Malaysian ringgit. Half a century later, it is now one Singapore dollar to RM3.39. Is this progress for Malaysia?

We must recognise that Malaysia is in deep trouble, losing out to Taiwan, Singapore, Hong Kong, South Korea and Vietnam in the past few decades.

When Transparency International (TI) started its annual Corruption Perception Index (CPI), Malaysia was way ahead of China, Indonesia and India, but in the last three decades, all these three countries of China, Indonesian and India have made leaps and bounds in having a clean and honest government., while Malaysia has become more corrupt!

Let Zahid, Ka Siong and Vigneswaran state whether this is the “stability” and “prosperity” that they want Malaysians to enjoy, as China is likely to overtake Malaysia in TI CPI before the end of this decade, while Indonesia and India will overtake Malaysia in the next decade – if we do not buck up in the war against corruption.

Pakatan Harapan’s slogan is “Kita Boleh” – and Malaysians can ensure that Pakatan Harapan can win the 15GE and Anwar Ibrahim become the 10th Prime Minister of Malaysia but only on one condition – on a high voter turn-out on Polling Day on Nov. 19, 2022.

Otherwise, with a low voting turnout on Polling Day, Anwar will again lose out to be Prime Minister of Malaysia, and the country will have Zahid Hamidi, Muhyiddin Yassin or Hadi Awang as the 10th Prime Minister of Malaysia – and Malaysia will join the failed and rogue states when Malaysia celebrates our 100th birthday in another four decades.

Lim Kit Siang DAP Veteran