It has been suggested that the response to Tun Dr. Mahathir’s “tongue-in-cheek” proposal that I be made PAS President is to ask whether Mahathir would propose Datuk Seri Chua Soi Lek as UMNO President!

However, I think it is more productive to focus on Mahathir’s other “tongue-in-cheek” statement that all the Tuns and “their sons and grandsons too” should all be investigated in response to my call for a full audit and accounting into the RM100 billion losses from the financial scandals during Mahathir’s 22-year premiership.

Another bad news about Malaysian Airlines recording a whopping net loss of RM2.52 billion for 2011 despite round-after-round of billion-ringgit bailouts in the past two decades is salutary reminder that the root cause why the once national premier airline is reduced to such a parlous crisis stage today must be traced to Mahathir’s 1994 decision to use Bank Negara’s MAS shares to bail out Bank Negara from its RM30 billion foreign exchange losses.

Malaysians today are still paying for those financial scandals, none of which have ever been fully accounted for, as for instance in the recent RM580 million write-off by the Malaysian government with the “out-of-court” settlement between Danaharta and other GLCs with Tajudin Ramli on Feb. 14 with regard to all suits pending between them.
Read the rest of this entry »