Corruption Malaysia

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    Malaysia |

    Estimated amounts of Bailout/Corruption incidents

    (000,000s/ millions)

    1 PKFZ 12,000.0

    2 Submarine 500.0

    3 Sime Darby 964.0

    4 Paya Indah Westland 88.0

    5 Posmalaysia (transmile) 230.0

    6 Eurocopter deal 1,000.0

    7 Terengganu Stadium Collapsed 292.0

    8 MRR2 repair cost 70.0

    9 Maybank Overpay for BII 4,000.0

    10 Tourism - NYY kickback 10.0

    11 3 paintings bought by MAS 1.5

    12 Overpayment by Sport Ministry 8.4

    13 Londons white elephant sports complex 70.0

    14 MRR2 Repairs 70.0

    15 MATRADE repairs 120.0

    16 Cost of new plane used by PM 200.0

    17 InventQ irrecoverable debt 228.0

    18 Compensation for killing crooked bridge 257.0

    20 Lost in selling Augusta 510.0

    21 Worth of AP given out in a year 1,800.0

    22 Submarines (future Muzium Negara artifacts) 4,100.023 PSC Naval dockyard 6,750.0

    24 The Bank Bumiputra twin scandals in the early 1980s saw US$1 billion(RM3.2 billion in 2008 ringgit) 3,200.0

    25 The Maminco attempt to corner the world tin market in the 1980s isbelieved to have cost some US$500 million. 1,600.0

    26 Betting in foreign exchange futures cost Bank Negara Malaysia in the1990s. 30,000.0

    27 Perwaja Steel resulted in losses of US$800 million 2,560.0

    28 Use of public funds in the Valuecap Sdn. Bhd. operation to shore up the

    stock market 10,000.0

    29 Banking scandal of losses in Bank Islam 700.0

    30 The sale of M.V. Agusta by Proton for one Euro making a loss of 75.99million 348.0

    31 Wang Ehsan from oil royalty on Terengganu from 2004 2007 RM7.4billion 7,400.0

    32 Philharmonic Orchestra has swallowed a total of RM500 million. Hiring akwai-lo CEO with salary of more than RM1 M per annum ! 500.0

    34 The government has spent a total of RM3.2 billion in PPSMIover the pastfive. Out of the amount, the government paid a whopping RM2.21 billion

    for the purchase of information and computer technology (ICT) equipmentswhich it is unable to give a breakdown. Govt paid more than RM6k pernotebook vs per market price of less than RM3k through some newconsortiums that setup just to transact the notebook deal. There was nomath & science content for the teachers and the notebooks are all with the

    3,200.0

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    teachers children now.

    35 The commission paid for purchase of jets and submarines to two privatecompanies Perimeker Sdn Bhd and IMT Defence Sdn Bhd 910.0

    36 RM300 million to compensate Gerbang Perdana for the RM1.1 billionCrooked Scenic Half-Bridge 300.0

    37 The white elephant Customs, Immigration and Quarantine (CIQ) facilitieson cancellation of the Malaysia-Singapore scenic bridge 1,300.0

    38 on renovation of Parliament building and leaks 100.0

    39 National Astronaut Programme (what happened to the experiment ourSpace Tourist was supposed to have carried out?) 40.0

    40 National Service Training Programme since 2001 yearly an estimate ofRM 500 million 11,000.0

    41 Eye on Malaysia RM 30 million and another RM5.7 million of free ticket 36.0

    42 Indelible ink 2.4

    43 Samy announced in September 2006 that the government paidcompensation amounting to RM 38.5 billion to 20 highway companies.RM380 million windfalls for 9 toll concessionaires earned solely from the tollhike in 2008 alone. 40,000.0

    44 Timber export kickbacks involving companies connected to Sarawak ChiefMinister and his family. 32.0

    45 Two bailouts of Malaysia Airline System RM7.9 billion. At atime when MASincurring losses every year 7,900.0

    Three paintings to decorate its chairmans (Munir) office. 1.6

    46 Putra transport system bailout 4,486.0

    47 STAR-LRT bailout 3,256.0

    48 National Sewerage System bailout 192.5

    49 Seremban-Port Dickson Highway bailout 142.0

    50 Kuching Prison bailout costing 135.0

    51 Kajian Makanan dan Gunaan Orang Islam bailout 8.3

    52 Le Tour de Langkawi bailout 3.5

    53 Subsidy to IPP 17,000.0

    54 Cattlegate-NFC 250.0

    TOTAL (RM) 180,172.2

    Add: Illicit Outflow 888,000.0

    Total: RM1.068 trillions 1,068,172.2