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Which privatization project on government-linked companies benefits the rakyat? The answer is none.
A few selected BN piratization projects ONLY,
– IPP power generation. Malaysia lost billions for generating excess electricity.
Further reading: TNB has to pay IPP for excess power
– One-sided contract for highway concessionaires with Malaysians are always the losers.
– PKFZ scandal. BN cronies, MCA and UMNO politicians had siphoned out at least RM5 billions.
– Malaysia Airlines RM8 buy-back from UMNO cronies when MAS share price is RM3.50 and the company was losing money. 800 million taxpayers’ money wasted!
– Rent-seeking tenders for KL MRT and KTM double track electrification incurred losses of billions on Malaysian taxpayers. Multiple total project cost with 30% is unnecessary top-up expenses paid by we rakyats.
There are more piratization BN projects!
