Tengku Razaleigh Hamzah who is also referred to as Ku Li, the founder of Petronas and former Finance Minister has claimed that Malaysia under the Barisan Nasional government had abused the huge revenue gained by pumping more than the agreed amount agreed upon during its formation.
The BN led federal government had been misusuing petronas revenue on wasted government projects which according to sources amount from RM100 Billion to RM500 Billion. It was noted that most of the wastage were during Tun Dr Mahathir Mohamad and Tun Abdullah Ahmad Badawi's tenures.
Furthermore, the Kelantan prince, claimed that Kelantan should rightfully be compensated for oil royalty irrespective of is within its shores or off-shore. The Kelantan State government is an Opposition government and the BN federal government seems to find way to cripple its administration by claiming that royalty payments are only on specific fields.
Will Petronas finally account to the rakyat on the amount wasted by these leaders?
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