‘Check with commission’

MB Inc chief executive officer Datuk Aminuddin Hashim (right) and Zahir held a press conference on the MB Inc issue after the state assembly sitting on Monday. — Bernama


Opposition assemblymen have been advised to consult with the Companies Commission of Malaysia (SSM) if they insist on checking the accounts of Menteri Besar Incorporated (MB Inc).

Perak Industry, Investments and Corridor Development Committee chairman Datuk Mohammad Zahir Abdul Khalid said he is saddened by the Opposition relentlessly repeating what has already been debated in the previous sittings.

“I do not know what to say and they keep harping on the same thing. In the last sitting of the assembly, we clarified to them about the Mentri Besar Incorporated Enactment 1951, under which MB Inc was formed.

“The enactment does not state or mention that the organisation is required to present its financial reports during sittings of the State Assembly and for your information, Datuk Seri Dr Zambry Abd Kadir has clarified this before.

“But this does not mean no internal or external auditing is done. Auditing is something basic that has to be conducted for any company, and MB Inc is no exception to the rule. If they really want to see it, contact SSM and get the report,” he said.

Zahir spoke during the State Assembly sitting on Monday to address the accusations hurled by some of the Opposition assemblymen who claim that MB Inc is not managed well, is given special treatment compared to other agencies and is a liability to the state and people.

The Kamunting assemblyman said the entity is not a liability and it follows procedures just like any other agency in the state.

“Even Penang’s CM Inc does not make any report or go into further detail on its financial report on social media or websites.

“We have certified chartered accountants and just like other agencies, MB Inc is checked thoroughly to make sure there is no discrepancy in its reports.

“For your information, the only loan MB Inc took was in 2012 when it was revived and it paid the state back that year itself. MB Inc has not taken any loan since.

“Also, since it was activated five years ago, MB Inc has contributed RM53.7mil to its people. RM4.5mil was contributed in the form of corporate social responsibility initiatives and zakat.

“So, there is no question about credibility. I do not know why the Opposition is trying to politicise the issue all the time,” he said.

Datuk Ngeh Koo Ham (DAP-Sitiawan) retorted by saying that a summarised report is insufficient and the public deserves to know the detailed accounts of MB Inc and its subsidiaries.

“If we go to SSM, we will only get a summarised report and we don’t want that. The state government can say whatever they want but not presenting the accounts of MBI Inc and its subsidiaries to the State Assembly is something that we can’t accept.

“The people of Perak deserve to know what’s happening and that’s why we are asking for the reports to be presented to the State Assembly,” Ngeh said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Metro , Perak , State Assembly


Stories You'll Enjoy