Money Matters - Isu Pasal Duit

 Here is some money talk. Taken from the newspapers online:

Cerita No 1

• lawmaker questioned Rina’s wealth settlie RM1.9m to avoid bankruptcy 
• DAP Jenny Choy said Minister’s wealth dubious based on asset declaration 
• reports that minister settled debts to Paris film company
• earlier served bankruptcy notice for RM1,340,642.02
• should explain how she pay off debt in 15 months 
• MACC asset declaration RM72,000 (Nov 20,2019) income RM34,004 /month
• If income unchanged since 2019, take 40 months to settle bankruptcy notice
• assuming did not spend single sen on anything else
• Choy questioned if Rina made false asset declaration in 2019
• minister owes people explanation added Choy

May 2014, Rina and another entered agreement to undertake liabilities 
April 2020 consent judgment entered after Rina failed to settle amount
amount claimed not to be disclosed to public
Feb 16 French company said Rina settled debts last week
cheque received on Feb 10, cleared following day
suit on Nov 8, 2018, demanding full amount by July 31, 2019.

• Rina's now-defunct companies Eurofine, Fine Mobile, Fine TV 
• purchased comedy shows worth millions from Paris company (2011-2013)
• companies shut down between December 2013 - August 2015
• France-based company served bankruptcy notice on her
• Sept 9 2020 her lawyer said his client would settle amount 
• she issued several cheques to company 

My comments : It says amount claimed not to be disclosed to public   so we do not know the final settlement amount.

Plus it says  "May 2014, Rina and another entered agreement to undertake iabilities", so there is another partner also involved who undertook the liabilities.  What if both of them contributed to settle the debt ? 

A proper explanation to the public would be useful.

Cerita  No 2

MACC confirms arrest Perak PKR deputy chair, seizure RM1.2mil 
By MARTIN CARVALHO
Wednesday, 17 Feb 2021 

• PJ: MACC confirmed arrest of Perak PKR deputy chairman 
• including seizure RM1.2mil, following corruption investigation
• MACC detained dep chairman, links to former minister
• suspected of receiving bribes for project from a ministry in 2019
• Also detained (Feb 16) two company directors in Ipoh 
• seized RM1.2m (bribe) at house/office of proxy of former minister and dep chair
• seized luxury car used by former minister 
• belonged to director whose project was approved MACC added
• several companies and individual accounts totalling RM77m frozen 
• MACC requested all parties stop speculation into case, pending investigations

My comments : 

• RM1.2 million cash seized by the MACC.
• Another RM77 million in the bank frozen.

The PH won the elections in May 2018. 
MACC says this thing happened in 2019. 
The PH got kicked out in February 2020. 
That is a very short space of time.

The views expressed are those of the writers and do not necessarily reflect those of MMKtT.