Wednesday, May 1, 2013
NFC versus PMBK
With the news that Nik Aziz has a lot of land in Kota Baru made me wonder aloud....what's the difference between Nik Aziz and Dr. Saleh? One bought land under his name using PMBK money and the other bought condominiums with NFC money.
NFC money is the loan that Dr. Saleh took from the government. A loan. Did Nik Aziz took a loan from PMBK to buy the land? He was said to be a trustee for PMBK. What if PAS lose in the next GE? Will he revert the land to the next government? Does he have a side agreement with PMBK that says he is only a trustee? Why only his name and not a combination of names to prevent abuse of power? Like signing of cheques where 2 or more directors have to sign on the cheques to prevent a lot of mismanagement. To me, making a single name is a very bad decision making on the part of PMBK. What happens when Nik Aziz dies?
Dr. Saleh made a bad decision when purchasing the condos...perhaps he didn't get good advice from his legal advisors by not having a side agreement being a trustee for his company. He and his family paid a heavy price for not doing it the right way.
Let's just hope that Nik Aziz has an agreement with PMBK saying he is a trustee otherwise he is worst than Dr. Saleh...using public fund for personal use. At least Dr.Saleh is paying for the loans. PAS ....please provide all the necessary documents to clear Nik Aziz of all the mess. Don't just say he is a trustee ....show proof.
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