Your MP's Question of the Week #31

EPF must be utilised for the sole benefit of the nation poor work force and not any other organisation.  It would appear that the Government is treating EPF as a financial ambulance for the stock market and certain selected GLCs. Last week the Government has utilized RM5 billion from EPF to bail out Valuecap in order to support the stock market. Second Finance Minister Nor Mohamed Yakcop has the cheek to give assurance that the RM5 billion loan given by EPF would reap profit. No one seems to know what Valuecap, a new corporate entity, is and who is behind this new entity.

Should the Government be allowed to treat EPF as a “financial ambulance” to support the stock market and bail out ailing GLCs?

– Terjemahan oleh Lee Wee Tak – Ucapan ribuan terima kasih dari Wee Choo Keong –

Soalan Mingguan Wakil Rakyat Anda Ke-31

KWSP mesti hanya digunakan untuk tenaga kerja negara dan bukanlah untuk mana-mana perbadanan. Nampaknya pihak pentadbiran menggunakan KWSP sebagai alat penyelamat kewangan untuk pasaran saham dan syarikat pertalian kerajaan tertentu. Minggu lalu, pihak pentadbiran telah menggunakan RM5 billion daripada KWSP supaya menerusi syarikat Valuecap menyokong pasaran saham. Menteri Kewangan Kedua Nor Mohamed Yakcop mampu berjanji bahawa pinjaman RM5 billion pasti akan dapat keuntungan. Namun nampaknya tak ramai orang ketahui butir-butir mengenai Valuecap, sebuah syarikat baru, serta siapa yang menerajui syarikat ini.

Patutkah pihak pentadbiran menggunakan KWSP sebagai alat penyelamat kewangan untuk menyokong pasaran saham dan membantu syarikat-syarikat pertalian kerajaan yang tenat?

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