Philippine President Aquino has declared his assets showing that he is worth RM3.6 million (50 million pesos). Now when will we get to know how much the Malaysian Prime Minister, Cabinet Ministers and Chief Ministers are worth? Transparency anyone?
Aquino submitted his ‘Statement of Assets and Liabilities and Net Worth’ to the Ombudsman’s office soon after he assumed office. Notice, it is not a statement of income but of assets.
In contrast, his predecessor Gloria Macapagal-Arroyo started her term of office with a net worth of RM4.8 million. By the time she stepped down from office, her wealth had soared to RM10.2 million.
See Philstar.com report here.
These amounts are chicken feed compared to what some of our politicians are worth – although in both countries, their real wealth is unlikely to be in their own names.
Still, the practice of making a declaration of assets does serve to put public scrutiny on politicians and to make them more circumspect about their life-styles, some of which can be ostentatious.
For instance, it would be most revealing to see a declaration of assets by the likes of Najib, Taib Mahmud and Samy Vellu.
And what about the Pakatan CMs who promised us transparency?