Category: BMF Loans Scandal

Dap calls for the establishment of a Parliamentary select Committee to investigate in Mak Foon Than’s allegations that he had acted as agent for Finance Minister, Tengku Razaleigh and other Cabinet Minister in Hong Kong

Speech by Parliamentary Opposition Leader, DAP Secretary-General and Mp for Kota Melaka, Lim Kit Siang, at the Raub DAP Branch Anniversary Dinner help in Raub on Saturday, May 5. 1984 at 9pm

Dap calls for the establishment of a Parliamentary select Committee to investigate in Mak Foon Than’s allegations that he had acted as agent for Finance Minister, Tengku Razaleigh and other Cabinet Minister in Hong Kong

The Finance Minister, Tengku Razaleigh, has strongly denied in tato the allegations made by the allegations made by the accused killer Mak Foon Than, that Mak was his agent and had been sent to hong kong to collect $6 million from businessmen during the time of the murder of Bumiputra Malaysia Finance assistant general manager, Jalil Ibrahim in July 1983. Continue reading Dap calls for the establishment of a Parliamentary select Committee to investigate in Mak Foon Than’s allegations that he had acted as agent for Finance Minister, Tengku Razaleigh and other Cabinet Minister in Hong Kong

UMNO Youth action tantamount to declaration of no confidence in the Commodities Trading Tribunal set up by Primary Industries Minister, Datuk Paul Leong

by Parliamentary Opposition Leader, DAP Secretary-General and Mp for Kota Melaka, Lim Kit Siang, on the Printing Presses and Publications 1984 Bill in the Dewan Rakyat on Tuesday, March 27.3.1984

UMNO Youth action tantamount to declaration of no confidence in the Commodities Trading Tribunal set up by Primary Industries Minister, Datuk Paul Leong

The dap takes serious note of the statement by the UMNO Youth vice president, Datuk Najib Tun Abdul Razak, the Menteri Besar of Pahang, that UMNO Youth was conducting an investigation into the Kuala Lumpur Commodity Exchange (KLCE) and Kuala Lumpur Commodities Clearing House (KLCCH) crisis, to ascertain who were involved and to present its findings to the public when its investigations were completed. Continue reading UMNO Youth action tantamount to declaration of no confidence in the Commodities Trading Tribunal set up by Primary Industries Minister, Datuk Paul Leong

New Economic Policy: Kebimbangan Menjelang 1990

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the forum on ‘Dasar Ekonomi Baru: Kebimbangan Menjelang 1990’ organised by the Persatuan Sains Kemasyarakatan, Universiti Sains Malaysia, at Dewan Tuanku Syed Putra, USM, Penang on Saturday, 10.3.1984 at 8 p.m.

New Economic Policy: Kebimbangan Menjelang 1990

Although there are six more years, the question of the extension of the New Economic Policy after 1990 had become a major political and economic issue ever since the Asian Forecast interview with the Deputy Prime Minister, Datuk Musa Hitam, in June last year, with the follow-up pronouncements on the subject by UMNO Ministers and leaders and the resolution by the Wanita UMNO Assembly urging the government to extend the period for the implementation of the New Economic Policy from 1,990 to 2,000. Continue reading New Economic Policy: Kebimbangan Menjelang 1990

DAP calls on Dr. Mahathir Mohamed to practice ‘Look Japan’ and follow example of Japanese Cabinet Ministers publicly declaring their assets

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the Official Opening and Commemorative Dinner of Tongkang Pechah DAP Branchin Tongkang Pechah, Batu Pahat, on Saturday, 18.2.1984 at 8 p.m.

DAP calls on Dr. Mahathir Mohamed to practice ‘Look Japan’ and follow example of Japanese Cabinet Ministers publicly declaring their assets

The 2M Government came to power with the most number of slogans as compared to previous administrations, like ‘Clean, Efficient and Trustworthy’ Government, ‘Leadership by Example’, ‘Look East’, etc. Continue reading DAP calls on Dr. Mahathir Mohamed to practice ‘Look Japan’ and follow example of Japanese Cabinet Ministers publicly declaring their assets

DAP calls on Government to give the Malaysian public a full account of the background of Ramli Ibrahim and Chooi Mun Sou to establish public confidence in them

by Parliamentary Opposition Leader, DAP Secretary-General and Mp for Kota Melaka, Lim Kit Siang, in Malacca on Friday January 13,1984.

DAP calls on Government to give the Malaysian public a full account of the background of Ramli Ibrahim and Chooi Mun Sou to establish public confidence in them

I said yesterday that I have no personal knowledge about the credentials of two members of the three-man committee of inquiry into the BMF scandal, namely chartered accountant Ramli Ibrahim and lawyer Chooi Mun Sou. Continue reading DAP calls on Government to give the Malaysian public a full account of the background of Ramli Ibrahim and Chooi Mun Sou to establish public confidence in them

DAP greatly disappointed that no Royal Commission of Inquiry has been set up into the BMF Scandal

Press statement by Opposition Leader and DAP Secretary General, Lim Kit Siang, on Thursday, 12th January 1984.

DAP greatly disappointed that no Royal Commission of Inquiry has been set up into the BMF Scandal.

The DAP is greatly disappointed that after months of deliberation, the government has refused to set up a Royal Commission of Inquiry into the $2,500 BMF Scandal, with full legal powers to summon and compel the attendance of witnesses who could help in the inquiry and to conduct the investigations in public. Continue reading DAP greatly disappointed that no Royal Commission of Inquiry has been set up into the BMF Scandal

Call on Dr. Mahathir Mohamed to explain why MPs were not given ample time to study and debate 1984 Constitution Amendment Bill

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in Malacca on Friday, 6.1.1984:

Call on Dr. Mahathir Mohamed to explain why MPs were not given ample time to study and debate 1984 Constitution Amendment Bill

It was reported today that the Government Printer was taking steps to speed up the printing of the 1984 Constitution Amendment Bill, which is to be debated in the special meeting of Parliament on Monday in three days time. A Parliamentary spokesman has also admitted that it is not likely to send the 1984 Constitution Amendment Bill to MPs outside Kuala Lumpur in advance of the Parliamentary sitting. Continue reading Call on Dr. Mahathir Mohamed to explain why MPs were not given ample time to study and debate 1984 Constitution Amendment Bill

DAP urges Dr. Mahathir Mohamed to accede to public will to have Royal Commission of Inquiry into BMF

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in Malacca, on Wednesday, 4.1.1984:

DAP urges Dr. Mahathir Mohamed to accede to public will to have Royal Commission of Inquiry into BMF scandal

The DAP calls on the Prime Minister, Dr. Mahathir Mohamed, to honour and accede to the public will in Malaysia that there should be a full-fledged Royal Commission of Inquiry into the $2,500 million Bumiputra Malaysia Finance scandal held in public session to get to the bottom of the greatest financial and banking scandal in Malaysian history. Continue reading DAP urges Dr. Mahathir Mohamed to accede to public will to have Royal Commission of Inquiry into BMF

BMF Scandal: The Seremban Declaration

I am moving a motion to cut the salary of the Finance Minister by $10 to protest in the strongest possible manner against the Government’s handling of the $2,500 million Bumiputra Malaysia Finance (BMF) loans scandal in Hong Kong up to today. As the Prime Minister, Dr. Mahathir Mohamed, has said that the Finance Ministry was and is at all material times responsible for Bank Bumiputra, and the BMF, and not the Prime Minister’s Department, I am moving this $10 cut against the Finance Minister’s salary and not the Prime Minister’s salary.

The Government’s handling of the BMF scandal has completely discredited the present administration’s two most popular slogans: ‘Clean, Efficient and Trustworthy’ Government and ‘Leadership by Example’. Continue reading BMF Scandal: The Seremban Declaration

Cuckoo’s Land in Parliament

I congratulate the Finance Minister, Tengku Razaleigh, and the other Cabinet Ministers for their great parliamentary performance or non-performance during the winding up for the 1984 Budget debate in the last two weeks, for they have completely belittled the dignity and purpose of the Parliament.

During the Budget debate, I spoke for more than an hour on the $2,500 million Bumiputra Malaysia Finance loans scandal in Hong Kong, for the whole sordid saga highlighted not only the negligence and irresponsibility of BMF directors and officials as well as Bank Bumiputra Directors, I also highlighted the irresponsibility and negligence as well of the various regulatory and supervisory bodies over Bank Bumiputra and BMF, like the Bank Negara, the Ministry of Finance, the Prime Minister’s Department, PNB, the Registry of Companies, the internal and external auditors, and even the entire Cabinet. Continue reading Cuckoo’s Land in Parliament