After Samy Vellu and Khir Toyo, it is time for Najib to put his hands on public funds…
(It is not cheap to run a Formula 1 team. Image source: http://topnews.in)
With this report from theStar, the multi billion PKFZ scandal may end up looking like peanuts:-
The 1Malaysia F1 Team, a joint venture between the Government and private sector, will participate in the F1 race beginning next year.
“This is the Malaysian team. The car was designed at the SIC, manufactured at the SIC, tested at the SIC and the car is Malaysian-made. Even the pit-stop team consists of Malaysians,” he said.
He said the 1Malaysia Team would identify a suitable Malaysian driver, adding that the project could lift the country’s image in the international arena
Just one question for Najib – “Malaysian economy already recover kah?”
Interestingly no one seems to be talking about the amount of tax-payers’ money that will be wasted on this expensive PR endeavour.
And some bastards came up with a sorry excuse to waste of tax-payers’ money – the unbelievable “To lift the country’s image in the international arena”.
Participating as co-sponsor (like how Petronas did) is one thing but to build a F1 car grounds up and to run a F1 team is another. Proton is still limping and here they are getting one foot stuck into another Najib’s grand projects.
EPF (the agency who is holding our retirement funds) have substantial shareholding in Air Asia and Proton, not mentioning Government’s involvement at SIC. What happens if the team finds itself in a financial problem – will the question of bailouts be cropping up?
If Malaysia truly wants to lift the country’s image in the international arena, here is one idea that the Government CAN do without the need to waste money and something that the international community AND many Malaysians (who been screwed many times over) will appreciate on a grander scale:-
STOP WASTING HARD EARNED PUBLIC FUNDS ON WASTEFUL FUCKING PROJECTS
Get the details at Paul Tan (and make sure you read the readers’ comments)