Friday, May 29, 2009

What Can I Say About the RM12.5 billion Port Klang Free Zone Fiasco?

Free Zone? For the shameless scoundrels in Umno/BN to rob the national treasury, yes!

A macro perspective of the whole rotten mess...

Now for a micro perspective of the same mess..

Auditors from Pricewaterhouse Coopers fishing in the PKFZ cesspool

The only viable solution: dismantle and demolish the entire Umno/BN administration!

Still insist Umno/BN can govern Malaysia? Heads MUST roll!

After 50 years of misgovernance, this is the only legacy Umno/BN has left for our children and grandchildren... that's right, folks, shoveling shit will be Pakatan Rakyat's first task as the federal government.


Donplaypuks® said...

Dear Antares

It's astonishing how even the MSM have latched on to this $12 billion figure.

Having read the report, the potential losses to date is appx. 5$ billion comprising:

Land $ Buildings - $3.5 b
Accumulated interest - $1.5b

The balance of $7 billion comprise interest on bond and Govt loan which MAY occur between 2012 and 2041, if PKFZ is unable to meet its loan repayment and bond interest obligations. (Which it will 100% not be able to)

I see it as a simple matter of the Govt, PKFZ and the KDSB sitting round a table and hammering out a compromise.

The project should be wound up as currently occupancy is about 14% and it's a total disaster, i.e. Chapter 11 a la USA!!

So, they should auction off the
land and buildings by open tender.
The balance of losses will have to be borne by the Govt (taxpayer). There's no choice. But the heads of Ling, Chan, BBC Chairman and those found guilty of aiding in fraudulently inflating land price should roll!!

It's as simple as that. If they offer me the job, I'll accept and complete the whole thing within 3 months.

Anyone wants to sue? Let them. Ther's no money in a bankrupt PKFZ for KDSB to go after!

Anonymous said...

Dear Antares,

Will all those 'lanun-lanun' be brought to justice ???

For all we know..... UMNO/BN is very good in doing 'cover-up' !!

The only way to save our beloved country is by kicking UMNO/BN out come GE13.


Gadfly said...

Antares, you have opened the (B)ox of Pa(N)dora. Future generations after generations have to bear these cans of BurdeN. So, BNality is not so banal after all.

Azer Mantessa said...

just came from tukar tiub which i thought is really funny. PKFZ truly replects 1Malaysia ... UMNO-MCA-Gerakan-MIC and all.

Anonymous said...

"mca, the buck does not stop here"
- naif ton rasa

Anonymous said...

the bn mp bought the land at rm3 psf
& sold for rm25 psf AND he sat in the board !!??

Anonymous said...

STOP the final payment = our blood $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ !

Anonymous said...

dpm : ...never the mind, we will continue with the PKFZ project ....!