When Pm Najib claimed that the Barisan government had a proven track record, I couldn't agree more with him.
But the record I am talking of, is not a good one. After more than half a century of Barisan rule, Malaysia is going to the dogs.
Not only are we perceived to be the world's most corrupt country to do business in, we are also apparently a champion when it comes to illicit funds outflow from the country
In fact, for the year 2010, we were the country with the second highest outflow of 'dirty money' according to a Global Financial Integrity (GFI) study, next only to China. In that year alone, the outflow of dirty money from Malaysia amounted to some 200 billion ringgit!
That's a dramatic jump from 93 billion ringgit in 2009! Is there some truth in the claim that as a possible change in government looms, those who have the most to be afraid of or lose are preparing for their flight?
The cumulative total illicit funds outflow from Malaysia for ten years from 2001-2010, came close to a trillion ringgit (US$285)! Overall, for the 10 years, we are ranked third after only China (US$2.74 trillion) and Mexico (US$476 billion)
Is that a record we can be proud of?
Pm Najib and his administration should explain how and why the situation obtains.
And what measures we are taking to tackle the problem.
Wednesday, December 19, 2012
Barisan Legacy: Malaysia Champion Of Dirty Money Outflow?
Posted by ordinary malaysian at Wednesday, December 19, 2012 Labels: Najib Barisan Barisan Track Record Outflow Of Illicit Funds