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NO to BN Reason 4 :: BN rent-seeking system is a daylight corruption

Rent-seeking system for BN cronies costs us, rakyat at least RM20 billion each year!

This is modus operandi, BN ministers got the contract allocation from rent-seeking system (meaning no open tender!), then pass down the projects to alibaba main contractors in returning for 5% kickback.

Main contractors then pass down razor thin margin projects to Chinese sub-contractors after they squeezed out another 30% profit margin.

In order to make 10-15% profit margin, sub-contractors have to use their initiatives like using substandard materials and methods, bribing the inspectors, etc. A huge pile of money actually go into ministers’ pockets and alibaba companies.

The end results are “taufu” and over-budget public projects as you seen in every place.

Terengganu Stadium Collapsed

理由四: 国阵的租赁代理制度是一种光明正大的贪污,白白让纳税人每年失掉200亿令吉(最少的估计)

它的干案手法是部长们从租赁代理制度(即是不用公开投标)分配到可观的项目合同。然后再把合同下放给阿里巴巴的公司以换取5%的回扣。

主要承包商抽取30%的赚利后才把抽干的合同交给华人二手承包商。为了赚取10-15%的正常利润,二手承包商不惜采用不合格的材料和方法,贿赂审查官员,偷工减料等等黑心手段。

其实大把钞票是流进各部长的口袋和阿里巴巴的公司。

最终结果是大量的豆腐和超支工程项目。

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