Penang Chief Minister Lim Guan Eng’s comments that Penang state exco members would be asked to declare their assets as soon as possible is reassuring. It shows that the state government is still thinking about it – more than one year after the general election.
Guan Eng says that he is now mulling over the best method of doing so.
It’s all quite simple, really. Just get them to list their assets (as well as their immediate family’s) on a sheet of paper and to declare that the list is a true and fair representation of their net worth. Get these declarations audited by an independent firm.
No need to reveal bank account numbers to the public; just the amounts held in those accounts. After all, companies do not reveal their bank account numbers in their audited accounts, which can be accessed by the public. Instead, they just show “bank” and “cash in hand” in their balance sheets.
People are not interested in the bank account numbers of their leaders or in complicated asset disclosures; they are more concerned about their leaders’ net worth – at the start of their term of office and then at periodic intervals. That way, they can monitor if their leaders are abusing their positions for financial benefit.
The Selangor asset declarations were unsatisfactory as they were more like declarations of income rather than of assets or net worth.
If the Indonesian presidential and vice-presidential candidates can disclose their wealth (running into the millions of US dollars), there is no reason our politicians have to be so coy about their assets – unless of course it contradicts their projected “politician of the people” or “simple lifestyle” image.
This is the Indonesian asset disclosure of presidential and vice presidential candidates:
Jusuf Kalla US$29.07 million
Wiranto US$7.85 million
Megawati Sukarnoputri US$14.15 million
Prabowo Subianto US$159.6 million
Susilo Bambang Yudhoyono US$920,500
Boediono US$2.14 million
Will we really get to see how much Malaysian political leaders have in assets? Or will the disclosures merely scratch the surface of their real net worth?
It’s quite shocking to see Megawati Sukarnoputri teaming up with Prabowo Subianto (Suharto’s son-in-law), who (allegedly) organized the 1997/1998 Indonesian riots that killed many Indonesian Chinese (where) mobs who raped and killed Indonesian Chinese women. You could look up these pictures on the net, very shocking, traumatic and sickening.
It is sad that Megawati has become this desperate or crazy for power, making a deal with the devil himself. Wasn’t she herself oppressed by Prabowo Subianto when he, Suharto and the Indonesian Military were in power?
In any case, I hope Megawati Sukarnoputri & Prabowo Subianto lose badly.
Good for Susilo Bambang Yudhoyono for being such a humble and likable person. I hope he wins.
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Sometimes I just can’t understand
The politicians in government find it diffult to declare assets
It takes them years to list it out…….
The more they delay it becomes worst in perception
As if they have something to hide
Giving excuses of forms
Type of format what to list
Damn they should get the forms
Any reputable companies got it
Under Capex of schedules
By now they should have their records
Receipts and S &P, shares holding and profit statements
Assets they have before and after in government services
They shouldn’t procrastinate any more
Why so difficult?
Write a list of what they have
Before and after declare it as the truth
Of asets they have then and now
As you and I know
By end of this year it will zero declaration
Hoping the people will forget they think we do
It is better the state exco declaring it now
Even half measures like in Selangor
At least there is something to tell
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Why politicians do not want declare their assets? The answers are related to corruption, tax dodging, money laundry, questionable incomes, spending beyond their declared income and maybe nagging husbands, wives, siblings, mistresses, girlfriends, boy friends, gigolos. No?
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Probowo Subianto may have US$159 million … When Suharto fell he was sacked, so in a space of some 15 years how did he accumulate 150 million? Surely Salim or Oei Hong Leong’s brother, Frankie nor Hashim gave all that money to him. Hashim’s countertrade with Russia 20 years ago, the money earned would have finished… Tutut’s toll collection is for herself.
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Lim Guan Eng is a big talker. He likes to aksi and be dramatic, and better still if he shows himself to be attacking the BN.
But when it come to him taking action on behalf of the people, this Lim Guan Eng fler is just another BN-clone in DAP disguise.
So, after one year and despite being an accountant, he still does not know how to declare assets? You think he passed or failed his UPSR exam???
Lim Guan Eng is just fooling around. He is not keen to declare his assets. So, he is stalling…
Better still, how about the DAP Penang declaring its assets as well? Maybe we can see if any hiil-slope property developers in Tanjong Bungah gave DAP any money as a political donation.
Lim Guan Eng is a hypocrite.
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Hi everyone,
The Pg State Govt Exco members should not just stop at disclosing their assets as at the time they took office.
The State Govt in line with its CAT policy should venture further to disclose the monthly claims (travelling, hotel stay, etc.), maybe at quarterly year basis to prevent any doubts and hue and cry as what is currently being experienced by the British MPs! By voluntary doing this, the State Govt would further promote that Penang leads in the proper and moral way!
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I remember that Karpal used to declare his asset without problem during the election. LGE should consult Karpal on how to do it instead of trying all sort of lame excuse to delay it. You don’t need a smart guy to tell that LGE is reluctant to fulfil his election promises. Probably he also afraid to be sued if doing so. Correction, Andrew! LGE is actually a KTK clone in disguise! He is more pro Gerakan and Umno developers than one can image. He also know nut about running a state government. He faces the problem of running out of landfill space, but he still opt for landfill as he doesn’t know what to do. And he expect the federal government to allocate him more than RM100 million to open a new landfill. That is the best he can do, ask for another allocation like a beggar, expect Penangites to feel pity for him! But we all know that the allocation will not come, so what to do? Wait for die kingdom to come!
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LGE talked big when he was in the opposition camp. He is more or less like BN politicians…
- when local council elections can be held?
- when the asset declaration can be implemented? ASAP is a worst answer from an irresponsible person.
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i can list my assets in 10 minutes.
i mean assets that i earned legally with hardwork.
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