A several hundred of billions oil money were wasted in the white elephant projects like Bukit Kiara Stadium Complex, Putrajaya Monument, crystal mosques, snail speed dual-track railway, etc.
Abdullah Badawi had given away block L and M’s sovereign rights to Brunei is a tragedy to Malaysia. These two blocks contain USD100 billion worth of oil reserves.
Further reading: Mahathir’s blog
There is also no accountability on how oil money is spent for rakyats. The money was just evaporated and disappeared like the magic show.
