A lack of enforcement of the Madani/ESG frame work today does not equate to bad policemen or bitter immigration officials but it has everything to do with politicians and their will to stick to the rules.
CLOSER to home, look no further that the Singapore Mr Lee Kuan Yew built. What if he had bended the rules a bit here and there, will Singapore be the rich, clean and prosperous nation that it is, or a Malaysia 2.0?
PRIME minister Anwar Ibrahim in his haste to do the right thing under the Madani/ ESG guise had fallen to some rectifiable pitfalls, that nevertheless has serious concequences.
MALAYSIA has a foreign labour crisis which has yet to hit the headlines, and it is this crisis which has led the MACC to knock very hard on the doors of the Human Resources Minister. READ : MACC nabs aide to HR minister in RM97 million graft probe.
IN our haste to do good and at the same time feed our industries starved of labour, we had forgotten how to enforce the orderly entry of foreign labour.
THE same goes for our financial markets. Almost everyone has heard of the Corporate Mafia, a ruthless group, who have attempted to compensate their in- competence on the trading floor as illegal market makers, with scare tactics using people with supposedly deep ties with law enforcement. READ : Rahsia MAFIA korporat Malaysia, Victor Chin Boon Long peralat penguatkuasa terbongkar.
AS in the case of Victor Chin Boon Long, one name keeps propping up often enough on how his ventures are being funded.
MEET Kenanga Investment Bank, the largest independent investment bank in the country wirh 30 branches nationwide as well as the winner of three awards at the United Nations Global Compact Network Malaysia & Brunei Sustainability Performance Awards 2022.
GRANTED, Kenanga like the rest of us probably had no clue what the corporate mafia boys were up to, but now that they have been exposed, it will be interesting to see how Kenanga, will deal with this bunch going forward.
BLOGGER, AnotherBrickintheWall is spot on that there is another Mafia out there, which is much more powerful and potent than the increasingly impotent corporate mafia.
MEET the dark forces within the Securities Commission, who many market players say are now the norm rather than the exception. READ : Top SC officials, politicians implicated in RM28.2 million graft report.
PRIME minister Anwar Ibrahim and neither has the MACC acted with speed and vigour to enforce the ESG rules of fairplay within the walls of the Securities Commission, which must be made into a top priority initiative, as there are already more than half a trillion ringgit worth of ESG related funds invested here already.
READ : There are RM600 billion worth of reasons why we should root corruption from the financial markets
