Sykt/Agensi Kjaan Melaka Rugi RM360 juta. Malacca agencies probed over losses - The Star MALACCA: Several state government agencies are being probed for mismanagement because they have racked up losses amounting to about RM360mil in total. The shocking financial status of these agencies was discovered a month or so after a reshuffling exercise on Jan 1 had 18 senior officials in the organisations replaced. Among the reasons for the losses are oversights in debt collection, excessive spending, improper financial and procurement planning, and cost overruns when awarding contracts. Chief Minister Datuk Seri Idris Haron confirmed the agencies were facing a financial crisis. These agencies were supposed to be the state government’s cash cows. Yayasan Melaka, a foundation formed to provide quality education to all Malaysians, is hardest hit with RM286mil in debts. Next is Malacca Development Corporation, entangled with close to a RM50mil deficit.
Posted on: Wed, 05 Mar 2014 03:31:37 +0000
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