Saturday, August 13, 2011

Tajuddin settlement proof political patronage alive and well

Tajuddin settlement proof political patronage alive and well, says Pakatan
By Shannon Teoh August 11, 2011

KUALA LUMPUR, Aug 11 —Pakatan Rakyat (PR) has flayed Putrajaya’s decision to drop all claims against Tan Sri Tajuddin Ramli, calling it proof that Barisan Nasional (BN) is resorting to political patronage to fund its war chest ahead of the next general election.
Opposition lawmakers said the out-of-court settlement was a “scratch-your-back, you-scratch-mine” deal that would allow the former chairman of Malaysia Airlines (MAS) to further reduce an initial RM1.8 billion owed to state-owned debt restructuring firm Danaharta.


DAP publicity chief Tony Pua also said that “this shows that political patronage is alive and well in the country.”

“This sounds the death knell of Datuk Seri Najib Razak’s New Economic Model and Economic Transformation Programme when the prime minister can allow cronies to get away at the expense of public interest,” the Petaling Jaya Utara MP said.

He added that as 37 other parties were told to drop suits against Tajuddin, a poster boy of the Mahathir-era policy to raise Malay corporate captains on government largesse, total funds including interest lost to the public could be in the tens of billions.

The Malaysian Insider reported today that Putrajaya has directed all government-linked companies, including MAS and Danaharta, to cease all civil suits against Tajuddin.

For the full article on The Malaysian Insider, click here.
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