From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    Egypt signs $140m financing for Phase I of New Alamein silicon complex    Egyptian pound edges lower against dollar in Wednesday's early trade    Oil to end 2025 with sharp losses    GlobalCorp issues eighth securitization bond worth EGP 2.5bn    Egypt completes 90% of first-phase gas connections for 'Decent Life' initiative    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Saudi Arabia demands UAE withdrawal from Yemen after air strike on 'unauthorised' arms    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt to cover private healthcare costs under universal insurance scheme, says PM at New Giza University Hospital opening    Qatari Diar pays Egypt $3.5bn initial installment for $29.7bn Alam El Roum investment deal    Egypt to launch 2026-2030 national strategy for 11m people with disabilities    Kremlin demands Ukraine's total withdrawal from Donbas before any ceasefire    The apprentice's ascent: JD Vance's five-point blueprint for 2028    Health Ministry, Veterinarians' Syndicate discuss training, law amendments, veterinary drugs    Egypt completes restoration of 43 historical agreements, 13 maps for Foreign Ministry archive    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Malaysia bracing for RM1 billion Selangor scandal
Published in Bikya Masr on 02 - 07 - 2012

KUALA LUMPUR: Malaysia is currently bracing for a potential RM1 billion scandal involving the Selangor Pakatan Rakyat government after MCA Youth Professionals Bureau Chief Chua Tee Yong issued a series of statements on his Twitter account on Sunday saying he would expose “scandal involving RM1bil worth of wheeling and dealing".
In the tweets, Chua said he had received information on the deals that were kept concealed through complicated transactions.
He added that the deals made were related to asset transfers, restructuring tactics and corporate exercises, but said there was more that he would reveal.
“As Pakatan Rakyat claims to champion transparency, I challenge them to disclose details of the transactions," said Chua, who is also the Deputy Agriculture and Agro-based Industry Minister.
Chua, who is an accountant and former chief financial officer of a government-linked company, said: “I will disclose more details so that the rakyat can judge if Pakatan Rakyat walks the talk, or merely makes empty promises."
The Selangor government has not publicly responded the attacks, but many observers in the country tell Bikyamasr.com that it could explode and shock the country, which has been hit by a number of recent financial scandals in recent weeks, including a French submarine deal that has come under attack after years of silence.
“I think it is important to have transparency and if this is how we will clean up government, then I think it is a good thing for Malaysia,” Kuala Lumpur-based account Steven Papak told Bikyamasr.com on Monday afternoon.
He argued that “government must be accountable to the people and hopefully we will see this become a reality in the country.”


Clic here to read the story from its source.