How should we judge a government?

In Malaysia, if you don't watch television or read newspapers, you are uninformed; but if you do, you are misinformed!

"If you're not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing." - Malcolm X

Never argue with stupid people, they will drag you down to their level and then beat you with experience - Mark Twain

Why we should be against censorship in a court of law: Publicity is the very soul of justice … it keeps the judge himself, while trying, under trial. - Jeremy Bentham

"Our government is like a baby's alimentary canal, with a happy appetite at one end and no
responsibility at the other. " - Ronald Reagan

Government fed by the people

Government fed by the people

Career options

Career options
I suggest government... because nobody has ever been caught.

Corruption so prevalent it affects English language?

Corruption so prevalent it affects English language?
Corruption is so prevalent it affects English language?

When there's too much dirt...

When there's too much dirt...
We need better tools... to cover up mega corruptions.

Prevent bullying now!

Prevent bullying now!
If you're not going to speak up, how is the world supposed to know you exist? “Orang boleh pandai setinggi langit, tapi selama ia tidak menulis, ia akan hilang di dalam masyarakat dan dari sejarah.” - Ananta Prameodya Toer (Your intellect may soar to the sky but if you do not write, you will be lost from society and to history.)

Friday, April 15, 2011

Accounts custom-made to your requirements

Some businesses show more than one set of accounts: real accounts between partners; lower profits or even losses for the Inland Revenue; higher profits if they were for use to convince bankers, prospective buyers of their businesses, and so on.

But where government is involved, the objective is to deceive the public and the amounts are in terms of billions...

In Malaysia Chronicle:

Anwar tells of Taib link, accounting fraud in '1Malaysia' treasure chest

The latest 1Malaysia Development Bhd’s (1MDB) financial results have exposed Barisan Nasional’s abuse of tax payers’ money and mismanagement, said Opposition Leader Anwar Ibrahim.

Recalling the revelation in 2009 where 1MDB was allocated RM5 billion in 2009 via government bonds and yet still planned to raise another RM10 billion which would increase its liabilities to RM15 billion, Anwar cast suspicion over the profit of RM425 million announced by 1MDB in its first year of operation.

“The profit declared was nothing more than an accounting entry to hide a trail of arrangement to create slush funds for BN.

"Hardly five months after paying RM3.5 billion in cash for an investment in a joint venture with PetroSaudi of Saudi Arabia, 1MDB sold the investment back to the owners of the Saudi concern for RM4.1 billion,” he added, saying the account was made to look like an impressive financial return - some RM615 million gain that helped 1MDB showed profit.

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