How Pakatan Rakyat aspire to finance itself

Most people think that Pakatan Rakyat politicians are human beings with excellent moral values and integrity. They portray themselves as the people’s saviour against Barisan Nasional politicians which they accuse as the corrupt devils greedy for riches.

In actual truth, the politicians in Pakatan Rakyat are as greedy and as corrupt as the ones they are accusing. And since they always arrogate themselves as the epitome of goodness, this hypocrisy renders them even worse than their Barisan Nasional nemesis.

Take for instance Rafizi Ramli’s overzealousness in trying to create the perception that the LRT extension project, which had been awarded to George Kent – Lionpac consortium, was dubious and it should have been awarded to Balfour Beatty consortium instead.

And it was later discovered and exposed by this blog that Balfour Beatty’s main partner is Ingress Corporation Bhd whereby the main player in the latter is a close crony of Anwar Ibrahim.  Luckily, the motive of Rafizi Ramli’s incessant accusations were uncovered and since then, he has been quiet about this issue.

Another example is how Tony Pua is belittling 1MDB and backed YTL over the tender of a power project. The blatant  support for a corporation to win a multi billion was so unashamedly done, eyebrows were raised as to why a senior DAP politician would do that. Ironically, DAP which is very much known for its principles on socialism is now seem to be capitalist in nature. Are they shifting their raison d’etre when big money is involved?

Hypocrites rule the roost and Pakatan Rakyat’s lust for money and opulence can be seen openly. Otherwise, why would DAP politicians in Selangor who should be a socialist in nature, demand near 300% hike in their salaries?

The latest incident involve water crisis in Selangor will raise more eyebrows. For a start, this is the chronology of the whole fiasco:


PKR politics as we all know is very much a carbon copy of Umno’s but in one huge difference – they do everything much worse.

On Wednesday, the Federal and Selangor governments signed a Memorandum of Understanding that will facilitate the implementation of the Langat 2 water treatment plant project and the takeover of water assets in the state.

The MoU breaks a five-year impasse that has stalled the implementation of water projects in the country’s most industrialised state. – Source

However, PKR strategy director Rafizi Ramli had claimed the party was in the dark about the MoU, and said the state executive councillors would be asked to explain.

PKR deputy president Azmin Ali said the Mentri Besar would be summoned to brief Opposition leader Datuk Seri Anwar Ibrahim once he returns from Japan.

“We want to hear Khalid’s side of the story as many are still in the dark about the details. We are concerned over whether there would be an increase in water tariff prices and whether there would still be free water for Selangor,” he said yesterday.

Anwar’s official Facebook page showed that the Permatang Pauh MP is currently in Japan.

It has been reported that several PKR leaders were not informed before the state signed the memorandum on the water restructuring exercise while it is unclear if Khalid has the backing of the top Pakatan Rakyat leaders over the deal. – Source

Zaid Ibrahim had a different take on why top PKR politicians was in the dark about the deal:

Kajang by-election contestant Datuk Zaid Ibrahim said that PKR adviser Datuk Seri Anwar Ibrahim got “checkmated” by Selangor Mentri Besar Tan Sri Khalid Ibrahim on the water deal.

Zaid said it was too late for Anwar – who is apparently setting his sights on the office of mentri besar – to influence the deal that has just been struck between the Federal and state governments.

“It is too late. It is a checkmate for Anwar,” he told a packed press conference at his residence here yesterday.

However, PKR strategy director Rafizi Ramli had claimed the party was in the dark about the MoU, and said the state executive councillors would be asked to explain.

But Zaid believed Anwar knew the MoU would be signed.

“I am sure Anwar knew about the deal …in the event a new mentri besar takes over from Khalid, he cannot do anything to ruin the deal.

“I think what Khalid did was right and I agree with him.

“At least the future of the Selangor people would be more secure with the end of the privatisation of water supplies,” he said. – Source

Zaid Ibrahim’s press conference can be seen as below. There are many sneak peaks on what Anwar Ibrahim intend to do once he will become Menteri Besar of Selangor inside the video.

And today Khalid Ibrahim told the public on why the water deal was made in such clandestine manner. Basically, he did not want the trio of vultures – Anwar Ibrahim, Rafizi Ramli and Azmin Ali to take over the water deal for their own benefit. This triad of political schemers had been working against Khalid Ibrahim since day one of the Kajang plot.

Some PKR top brass wanted to set price of water assets, says Khalid

SHAH ALAM: Selangor Mentri Besar Tan Sri Khalid Ibrahim disclosed that there were party leaders from PKR who were trying to influence the valuation of the water assets in the state.

He said some party leaders had introduced him to a few people who were trying to make their case as to why the pricing of the water assets should be higher.

“I have been an investment banker for so long that I look at the principle of valuation before determining the price (of the assets). I stood by my principle of valuation and set the price at RM9.65bil.

“These people wanted to set the price and wanted the valuation to justify their price,” he said in an interview with The Star yesterday.

Khalid also explained why the mechanics of the deal could not have been revealed to all and sundry in and outside of the party before the agreement with the Federal Government was signed on Wednesday.

He pointed out that the information, if revealed, would have an impact on the price of the stocks related to the water assets.

“I was also concerned about possible abuse of information and insider dealing. These are reasons why PKR leaders were not informed ahead of the signing on the water deal between the Selangor state government and the Federal government,” he said.

Khalid said he did not inform his party leaders due to those reasons to ensure that the implementation of the transaction was right and adhered to proper corporate governance.

Like George Orwell’s Animal Farm – the ones who think could be the saviour, will eventually become worse than the alleged oppressors once they have tasted power.

#anwar-ibrahim, #malaysian-corporate-matters