Malaysia | Estimated amounts of Bailout/Corruption incidents

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 20 21 22 23 24 25 26 27 28 29 30 31 32 34 PKFZ Submarine Sime Darby Paya Indah Westland Posmalaysia (transmile) Eurocopter deal Terengganu Stadium Collapsed MRR2 repair cost Maybank Overpay for BII Tourism - NYY kickback 3 paintings bought by MAS Overpayment by Sport Ministry Londons white elephant sports complex MRR2 Repairs MATRADE repairs Cost of new plane used by PM InventQ irrecoverable debt Compensation for killing crooked bridge Lost in selling Augusta Worth of AP given out in a year Submarines (future Muzium Negara artifacts) PSC Naval dockyard The Bank Bumiputra twin scandals in the early 1980s saw US$1 billion (RM3.2 billion in 2008 ringgit) The Maminco attempt to corner the world tin market in the 1980s is believed to have cost some US$500 million. Betting in foreign exchange futures cost Bank Negara Malaysia in the 1990s. Perwaja Steel resulted in losses of US$800 million Use of public funds in the Valuecap Sdn. Bhd. operation to shore up the stock market Banking scandal of losses in Bank Islam The sale of M.V. Agusta by Proton for one Euro making a loss of 75.99 million Wang Ehsan from oil royalty on Terengganu from 2004 2007 RM7.4 billion Philharmonic Orchestra has swallowed a total of RM500 million. Hiring a kwai-lo CEO with salary of more than RM1 M per annum ! The government has spent a total of RM3.2 billion in PPSMIover the past five. Out of the amount, the government paid a whopping RM2.21 billion for the purchase of information and computer technology (ICT) equipments which it is unable to give a breakdown. Govt paid more than RM6k per notebook vs per market price of less than RM3k through some new consortiums that setup just to transact the notebook deal. There was no math & science content for the teachers and the notebooks are all with the

(000,000s / millions) 12,000.0 500.0 964.0 88.0 230.0 1,000.0 292.0 70.0 4,000.0 10.0 1.5 8.4 70.0 70.0 120.0 200.0 228.0 257.0 510.0 1,800.0 4,100.0 6,750.0 3,200.0 1,600.0 30,000.0 2,560.0 10,000.0 700.0 348.0 7,400.0 500.0 3,200.0

teachers children now. 35 36 37 38 39 40 41 42 43 The commission paid for purchase of jets and submarines to two private companies Perimeker Sdn Bhd and IMT Defence Sdn Bhd RM300 million to compensate Gerbang Perdana for the RM1.1 billion Crooked Scenic Half-Bridge The white elephant Customs, Immigration and Quarantine (CIQ) facilities on cancellation of the Malaysia-Singapore scenic bridge on renovation of Parliament building and leaks National Astronaut Programme (what happened to the experiment our Space Tourist was supposed to have carried out?) National Service Training Programme since 2001 yearly an estimate of RM 500 million Eye on Malaysia RM 30 million and another RM5.7 million of free ticket Indelible ink Samy announced in September 2006 that the government paid compensation amounting to RM 38.5 billion to 20 highway companies. RM380 million windfalls for 9 toll concessionaires earned solely from the toll hike in 2008 alone. Timber export kickbacks involving companies connected to Sarawak Chief Minister and his family. Two bailouts of Malaysia Airline System RM7.9 billion. At atime when MAS incurring losses every year Three paintings to decorate its chairmans (Munir) office. 46 47 48 49 50 51 52 53 54 Putra transport system bailout STAR-LRT bailout National Sewerage System bailout Seremban-Port Dickson Highway bailout Kuching Prison bailout costing Kajian Makanan dan Gunaan Orang Islam bailout Le Tour de Langkawi bailout Subsidy to IPP Cattlegate-NFC TOTAL (RM) Add: Illicit Outflow Total: RM1.068 trillions 910.0 300.0 1,300.0 100.0 40.0 11,000.0 36.0 2.4

40,000.0 32.0 7,900.0 1.6 4,486.0 3,256.0 192.5 142.0 135.0 8.3 3.5 17,000.0 250.0 180,172.2 888,000.0 1,068,172.2

44 45