Friday 28 March 2008

Dr Mahathir On Terengganu's Oil Wealth

Excerpt on Dr. Mahathir's view on why the Sultan acted against the Prime Minister's choice of the Chief Minister as reported in The Sun, 27 March 2008:

There are lots of talks in the town. Terengganu is blessed with petroleum deposits. It should get 5% of the total earning from oil production. The Federal Government; fearing the previous PAS government might use this money wrongly had withheld payment.

But when the Barisan Nasional (BN) regained Terengganu the money, now called "Wang Ehsan", was lavishly spent by the Federal Government on Terengganu. It is not a small sum. Over these years "Wang Ehsan" totalled several billion.

We know that since the BN regained Terengganu in 2004, all kinds of projects have been developed in Terengganu. This includes The Monsoon Cup, luxury housing for sale to foreigners, Crystal Mosque and theme park, university, etc. Some of these projects are very good but many are totally unnecessary and wasteful.

But what the Terengganu people are saying is that all these mega projects costing billions of Ringgit have been contracted out to people outside Terengganu. Terengganu contractors got practically nothing.

But additionally, they say the contracts all went to one person and they are suspicious that behind this person are members of the first family.The rumours also say that the previous Mentri Besar was responsible for these things happening and of course, they think that he might have benefited financially.

The rumours went on to say that the Prime Minister might have influenced the Mentri Besar into doing wrong things. These are all rumours. It will be quite impossible to prove anything as the perpetrators are skilled in hiding themselves.

This is not good for a Government keen to abolish corruption and be transparent. To clear its name, an investigation should be made.

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