Tuesday, November 8, 2011

Anwar seeks ‘missing’ RM1.4b in federal funds

Anwar seeks ‘missing’ RM1.4b in federal funds

November 08, 2011
Malaysian Insider

KUALA LUMPUR, Nov 8 — Opposition leader Datuk Seri Anwar Ibrahim alleges that RM1.4 billion has gone missing from the Treasury’s contingency fund, which is for unforeseen federal expenses.

He said the Auditor-General had found just RM79.15 million in the fund even though the Government Expenditure Estimates reported that RM1.5 billion had been allocated for that purpose.

“Where has the money gone? More seriously, when did it go missing, the RM1.4 billion?” he told reporters in the lobby of Parliament today.

“I don’t think the Audit Department (made a mistake). They are more meticulous than that when it comes to accounting.”

Anwar (picture) questioned if the “inordinate” 17-day delay between the tabling of Budget 2012 and the Auditor-General’s Report was meant to hide this discrepancy.

The annual audit report is usually tabled before the Budget.

“Now we are forced to suspect there is some other compelling reason why they chose not to table the audit report at the right time,” Anwar said.

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