Category: EPF Scandal

DAP lawyers to meet in Penang tonight to decide on legal suit against EPF illegal and improper use of EPF funds for speculative share trading losses

By Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Liu Kit Siang, in Malacca on Thursday, 4.7.1986:

DAP lawyers to meet in Penang tonight to decide on legal suit against EPF illegal and improper use of EPF funds for speculative share trading losses.

DAP lawyers will meet in Penang tonight to decide on the legal suit against the EPF for illegal and improper use of EPF funds for speculative share trading and losses, breach of trust and abuse of power. Continue reading DAP lawyers to meet in Penang tonight to decide on legal suit against EPF illegal and improper use of EPF funds for speculative share trading losses

Call in trade unions and workers countrywide to protest against EPF management of workers’ EPF funds without meaningful accountability

By Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in Malacca On Thursday, 3.7.1986:

Call in trade unions and workers countrywide to protest against EPF management of workers’ EPF funds without meaningful accountability

I commend PUIC for planning picketing outside EPF headquarters in Petaling Jaya on Monday, July 7, to protest against the investment policies and decisions. This is necessary to demand greater and more meaningful accountability of the EPF Board and the Government in the management of the $2.5 billion funds of the five million EPF contributers. Continue reading Call in trade unions and workers countrywide to protest against EPF management of workers’ EPF funds without meaningful accountability

Call on Daim Zainuddin to release the full list of shares bought by public institutional funds, and whether it is not true that the bulk were purchase of shares of companies connected with well-known political leaders in Barisan Nasional

By Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in Malacca on Wednesday, June25, 1986.

Call on Daim Zainuddin to release the full list of shares bought by public institutional funds, and whether it is not true that the bulk were purchase of shares of companies connected with well-known political leaders in Barisan Nasional.

The Finance Minister Daim Zainuddin, obliquely answer a question. I had been posing for the past few weeks- the existence of a high-powered and highly secretive Investment Co-ordinating Committee at the Ministry of Finance which used public institutional funds running into hundreds of millions of dollars to buy stocks and shares. Continue reading Call on Daim Zainuddin to release the full list of shares bought by public institutional funds, and whether it is not true that the bulk were purchase of shares of companies connected with well-known political leaders in Barisan Nasional

Call on new EPF Chairman, Tan Sri Zain Azraai, to publicly give the entire list of EPF investments in stocks and shares

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in Petaling Jaya on Tuesday, 24th June 1986:

Call on new EPF Chairman, Tan Sri Zain Azraai, to publicly give the entire list of EPF investments in stocks and shares

I welcome the report that the new EPF Chairman, Tan Sri Zain Azraai will make a public statement after the first meeting of the new EPF Board on July 1 with regard to the EPF’s investment in speculative stocks and its re-sale of shares to a $2 company, MAKUWASA, leading to a loss of $10 million. Continue reading Call on new EPF Chairman, Tan Sri Zain Azraai, to publicly give the entire list of EPF investments in stocks and shares

Third reason why Sarawakians should deny two-third parliamentary majority to Barisan Nasional – to restore our honour, dignity and international reputation

Speech by Parliamentary Opposition Leader, DAP Secretary¬-General and MP for Kota Melaka, Lim Kit Siang, in the DAP Sibu Ceramah in Sibu on Saturday, June 21, 1986 at 8 p.m.

Third reason why Sarawakians should deny two-third parliamentary majority to Barisan Nasional – to restore our honour, dignity and international reputation

The DAP has decided to make the call ‘Deny the Barisan Nasional the two-third majority in Parliament’ our main election theme and the rallying cry in the next general elections. Continue reading Third reason why Sarawakians should deny two-third parliamentary majority to Barisan Nasional – to restore our honour, dignity and international reputation

Challenge to UMNO Youth Leader, Anwar Ibrahim, to a public debate on UMBC scandal, EPF scandal, $1 billion mysterious tin-buying scandal and others to prove that they are baseless allegations

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in Petaling Jaya on Tuesday, June 17, 1986:

Challenge to UMNO Youth Leader, Anwar Ibrahim, to a public debate on UMBC scandal, EPF scandal, $1 billion mysterious tin-buying scandal and others to prove that they are baseless allegations

When Anwar Ibrahim was the crusading president of NBIM, he took an uncompromising stand against all forms of corruption, nepotism, conflict of interest, immorality, and abuse of power and authority. When he joined UMNO, he became the fastest rising star in the UMNO, rising to the key post of Education Ministry in a matter of four years, which put him on the threshold of the two highest political offices in the country – Deputy Prime Minister and Prime Minister. Continue reading Challenge to UMNO Youth Leader, Anwar Ibrahim, to a public debate on UMBC scandal, EPF scandal, $1 billion mysterious tin-buying scandal and others to prove that they are baseless allegations

DAP motion in July Parliamentary meeting for a Royal Commission of Inquiry into widespread allegations of corruption, nepotism and improper activities involving Cabinet and non-Cabinet leaders of Barisan Nasional

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the DAP Ceramah at Petaling Jaya MPPJ Civic Centre on Saturday, June 14, 1986 at 9 pm

DAP motion in July Parliamentary meeting for a Royal Commission of Inquiry into widespread allegations of corruption, nepotism and improper activities involving Cabinet and non-Cabinet leaders of Barisan Nasional

I cannot think of another time in Malaysia’s 29-year history when the country had been flooded with so widespread talk and allegation about rampant corruption, nepotism and improper activities involving conflict of interest in high political places. Continue reading DAP motion in July Parliamentary meeting for a Royal Commission of Inquiry into widespread allegations of corruption, nepotism and improper activities involving Cabinet and non-Cabinet leaders of Barisan Nasional

DAP calls for the resignation of Daim Zainuddin as Finance Minister if he is not prepared to agree to the establishment of a Public Inquiry Committee to investigate into allegations of conflict of interest in the two UMBC transactions involving his family companies

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the DAP Klang Ceramah held at Klang Hokkien Huay Kuan on Saturday, 7th June 1986 at 8pm

DAP calls for the resignation of Daim Zainuddin as Finance Minister if he is not prepared to agree to the establishment of a Public Inquiry Committee to investigate into allegations of conflict of interest in the two UMBC transactions involving his family companies

In the 1982 General Elections, the Barisan Nasional promised the people a ‘clean, efficient and trustworthy government’ and ‘Leadership by Example’. Continue reading DAP calls for the resignation of Daim Zainuddin as Finance Minister if he is not prepared to agree to the establishment of a Public Inquiry Committee to investigate into allegations of conflict of interest in the two UMBC transactions involving his family companies

Dr. Lim Keng Yaik and Gerakan have proved to be a mere ‘empty vessel’ which makes a lot of noise completely devoid of political principles and objectives

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the DAP Selangor ceramah held at Petaling Jaya Civic Centre on Thursday, 5th June 1986 at 9 pm

Dr. Lim Keng Yaik and Gerakan have proved to be a mere ‘empty vessel’ which makes a lot of noise completely devoid of political principles and objectives

In the last few days, Dr. Lim Keng Yaik and Gerakan had dominated the political news and headlines with tantrums, threats and ultimatum about Gerakan wanting to contest the coming general elections under its own symbol, and even leaving the Barisan Nasional, if it could not get its way. Continue reading Dr. Lim Keng Yaik and Gerakan have proved to be a mere ‘empty vessel’ which makes a lot of noise completely devoid of political principles and objectives

DAP calls on MAKUWASA to repay EPF the $10 million with interest for share transactions which it bought from EPF at below market-price

by DAP Secretary-General and Parliamentary Opposition Leader, Lim Kit Siang, in Petaling Jaya on Monday, 2.6.1986:

DAP calls on MAKUWASA to repay EPF the $10 million with interest for share transactions which it bought from EPF at below market-price

The mysterious $2 company, MAKUWASA, bought 13 share counters from the Employees Provident Fund from August 1984 to March 1985 at below market prices, causing the EPF to lose $10 million profit which should have accrued to the credit of the five million EPF contributors. Continue reading DAP calls on MAKUWASA to repay EPF the $10 million with interest for share transactions which it bought from EPF at below market-price