Mirror, mirror on the wall.... who's the most corrupt of them all?
On June 3rd, The Star publised a survey result on Malaysians perception of corruption. The Star and Malaysia Insider report is publised at the end of this posting.
To quote the report:
According to Transparency International’s 2009 Global Corruption Barometer, 42% of Malaysians viewed political parties, regardless of faction, as the most corrupt, followed by the civil service (37%), private sector (12%), judiciary (5%), legislative (4%) and media (1%).A few observations can be made out from this quote.In my personal view, the sample of this survey does not reflect an educated and knowledgable sampling. If TI could get themselves a magic mirror and chanted, "Mirror, mirror on the wall ... who is the most corrupt of them all?", the magic mirror would answer, "None of the above."All those answers are too general a description.
According to Transparency International’s 2009 Global Corruption Barometer, 42% of Malaysians viewed political parties, regardless of faction, as the most corrupt, followed by the civil service (37%), private sector (12%), judiciary (5%), legislative (4%) and media (1%).A few observations can be made out from this quote.In my personal view, the sample of this survey does not reflect an educated and knowledgable sampling. If TI could get themselves a magic mirror and chanted, "Mirror, mirror on the wall ... who is the most corrupt of them all?", the magic mirror would answer, "None of the above."All those answers are too general a description.
In my book, it is not the politicians, civils ervants, judges, etc.The most corrupt are them corporate boys!
Since we are dealing with perception, the public forms opinion from the words of the media, old and new, the frontline treatment, and the whisper and rumours spreading amongst the population.Naturally, 42% of the public would believe that politicians and political parties, from both side of the divide, as most corrupt. However, there is a contradiction. Only 4% believed that the legislative are corrupt.
Does the public sampled by TI capable of distinguishing between politician and legislature?Politicians encompasses the executives, legislatures, party position holders, activist, party workers and perhaps non-member party volunteer.
To say that political parties as most corrupt, can the public differentiate the politicians with power and authority to untake the act of corruption and those without?Hardly 0.1% of people associated with political parties are in position of power and authority. How many out of 3 million UMNO members could be positioned as legislature, executive, local council, special committees, and appointees in government companies and agencies?So they say that those with access to contacts and people in position are able to gain from corrupt act. That only means there are other parties involved and not the politicians per se. It could perhaps be a Minister or Exco member.For the Minister or Exco or other "politicians" to do the corrupt act, they need cooperative civil servants.
The portion of the public that viewed the civil service as corrupt is 37% but the portion viewing the private sector as corrupt is 12%.The differences is strange. The civil servant has the power but it takes the ways and means of the private sectors to make the corrupt act happen and to pay off politicians and civils servants.The blast from the past should remind us that if it had not for the towkey enticing and dangling a carrot for civil servants and politicians, they would not have turned corrupt.The reality is the businessman and corporation gets the choice meat but civil servants and politicians get the bone soup.The bulk of the bounty from corruption by private sectors and civil servants goes into their own pocket.For most of the politicians, it is to be funneled into their community and party activities.
This is not denying that some politicians do evolve to an unnatural progression into richness and luxury.Is the public reasonable and rationale in their corruption perception?None of the survey categories were precisely zeroing on the right categories.
Private sector is a broad segment that basically covers anything outside that is not political parties, civil servants, legislature, media, and judiciary.Definately beyond the knowledge of the common folks are the corrupt act of corporate boys in the public listed companies, financial institutions, proxy shareholder, and heading and board members of government linked companies.They are a group crafty with magic tricks capable of disappearing money by the billions. Under the name of enhancing shareholders value, majority shareholders bulldozed decisions at the detriment of minority shareholders.
Bank top management can be heatless and vindictive in their persecution of common businessman and send common folks to the poor house.The exteriors of them corporate boys are most deceiving. Corporate boys are educated and good boys who attend to their school. They start work in professional field. For intend purpose, they are honourable and respectable. They get Datoship with ease and with the titles open further their doors to the corridors of power.Good boys may seem like wimp. They do fuck.When they "fuck" a company, the manner they skim off money from their own companies transaction is masterly, elaborate, and in most time undetected by the not as bright police commercial crime division.Everything is done legally according to the due process, backed with proper documentations, and justified by professional second opinions and certified reports. It does not exclude when necessary, power abuse, collusion, manipulation in figures, intentional mistakes, political threats, use of gangsters, etc.
If the public feels Merchant Bankers and Investment bankers are respectable as your neighbourhood banker becasue they dressed up nice to work, they are wrong. They do advise their corporate clients how to evade tax, legalise something illegitimate, cleansing dirty money, hide problems from being known by company stakeholders, and many other unsavory tricks.Inspite of all the slimy shit that they do, corporate boys keep kaki among politicians, legislature, civil servants, judiciary, bankers and securities authority to protect them if things go wrong.
For those corporate boys in government linked companies, they are as good as untouchable. They do all the shit but the politicans get the blame.Politicians can get elected out, shortened their term in office, and shamed into resignation, but corporate boys in this country are seldom reprimanded for their wrongdoings.One hardly hear corporate boys or members of the board of directors resigning, if not en bloc, for bungling a transaction.Some corporate boys are as described by the Malay nursery rhymes, "Enjit enjit semut, siapa sakit nik atas." There are those that get promoted even if they had fumbled big time.Like a den of thieves, corporate boys protect each others.Put corporate boys to head powerful government economic agencies and in no time, they become instant corporate player amassing PLCs.What took the late Tan Sri Lim Goh Tong most of his life to build, these corporate boys can build it in just few years.
This blogger personally witnessed a former official of an economic recovery agency meeting with regularity shady chacters at an isolately located restaurant of a hotel. After few years in that position, he resigned to hold a majority stake in new market darling public listed companies. He now owns a private jet.There is one GLC top official used to be part of a consultancy company. When in a position of undisputed power and influence, he conveniently get a bank to buyout his former consultancy firm. How do one value a firm when its asset is only specific people. Why can't the Bank offer them a lucrative contract instead of buying the firm?If one check the records, he has sold his shares and not named as a shareholder. Just observe, after he resigned. Will he suddenly own a big chunck of a PLC? Will he suddenly live a lavish life later?For all the rhetorics spewed by Pakatan Rakyat, one of their Menteri Besar is a corporate boy.The public can perceive all that they want. Corprate boys are not nicnamed as korporat for nothing.Mirror mirror on the wall ... let me tell ye, the most corrupt of them all are the corporate boys!
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