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Wednesday, October 26, 2011

RM10bil of hot air from Samy Vellu : Another trademark con-job?

RM10bil of hot air from Samy Vellu : Another trademark con-job?

Having achieved absolutely nothing in his capacity as ‘Envoy to South Asia’, Samy Velu now decides to pull off what is essentially a confidence trick, on Malaysians. First he announces RM 10 billion in ‘deals’ for Malaysian companies from Bangladesh. Then he announces that Malaysia will be lending RM9 billion to Bangladesh for the Padma Bridge that the World Bank has refused to finance because of corruption allegations.

The projects that Malaysian companies are supposed to get are MOUs. MOUs are not worth the paper they are written on because they are not legal documents. Malaysian politicians are fond of signing pretend MOUs that never materialize into real contracts.

This is for the purpose of creating headlines that will make you think they are doing a good job. Najib is also fond of this neat little trick. He is always signing MOUs when he travels. You never hear about the MOUs after that. Because they never happen.

But the money is real

The money we will have to give Bangladesh is real and we will have to hand it over right away. In the end there will be no projects for Malaysian companies, there will probably be no bridge constructed and Malaysia will lose RM9 billion in what will inevitably be written off as a bad loan.

It’s a shell game, Samy Vellu style. But whats another RM9 Billion when Malaysia already owes RM400 Billion. Samy doesn’t care, Najib doesn’t care, nobody in the entire BN administration appears to care.

In the first place, there is no such job as ‘Envoy to South Asia’. Malaysia does not need any such envoy. Samy Vellu was given the job by Najib so that he would quit as MIC chief. Najib didn’t know how else to get rid of him.

Samy Vellu now holds a ministerial rank with ministerial pay and ministerial perks, paid for by the Malaysian taxpayer i.e. you and me. He regularly travels to South Asia because he has to pretend to be working. More likely, he likes the food there. His waistline certainly gets wider all the time. Again, the taxpayer foots the bill.

Even the Bangladeshis will know better than to believe Samy Vellu

Bangladesh is one of the poorest countries in the world. Bangladesh does not have RM10 Billion in projects to hand out. Samy Vellu is really scraping the barrel with this Bangladesh story. Amazingly, he seems certain of fooling everybody with this poorly concocted piece of fiction. His story is like a Tamil movie plot; predictable and full of holes. And we definitely do not want to watch Samy sing and dance.

Bangladeshis labor in Malaysia as construction workers, waiters, cleaners and all the other menial jobs that Malaysians are no longer interested in doing. They live in close and often filthy quarters. They are paid a pittance and often treated disrespectfully and badly. They still come here because there are no jobs for them in Bangladesh. Because the Bangladesh economy is a mess and because corruption is endemic.

I wonder what they will have to say about the ‘news’ that Bangladesh is handing out RM10 billion in projects to Samy Vellu.

If they have any sense, they will not believe it.

Neither should you.

Malaysia Chronicle

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