There seems to be a higher number of Civil Servants going bankrupt. The Star reports a figure of 100,000 from the same Cuepacs boss. Here is the news :
civil servants taking more loans to cope with rising cost of living
thinking it would offset expenditure owing to rising inflation How wrong they are.
up to 100,000 civil servants soon be bankrupt
situation worse as more taking up loans from loan sharks
they could lose their jobs or get suspended
more domestic problems like divorce, broken families.
imagine if half of 100,000 civil servants married with children
imagine if half of 100,000 civil servants married with children
20 financial institutions provide loans to civil servants by monthly deductions.
civil servant eligible for RM50k loan, go to 4 banks and get RM200k
submit fake salary slips
this alarming situation
given economic situation, govt servants should tighten belts
rather than find short easy way out.
akin to digging a hole to fill another
akin to digging a hole to fill another
Cuepacs has 1.2 million members and 106 affiliated unions.
My comments : So it was not 49,000 bankrupt. Almost 100,000 could go bankrupt. This is the result of the 'ketuanan' thieves not only stealing taxpayers money but they just do not know what to do to grow the economy.
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