This is really tragic and comical at the same time.

KJ, Kian Ming & Tony Pua Are Your New Lecturers (Sort Of) At Taylor’s PPE Bachelor’s Programme

Ong Kian Ming and Tony Pua are now lecturing for Taylor's Philosophy, Politics and Economics (PPE) Program.

TP (Part 3: Tony Pua responds to Tun M): I would listen and bring the proposals back to the minister for consideration. Many excellent proposals were sourced via these meetings. These would include the setting up of a RM2 billion MySalam critical illness and hospitalisation fund for the B40, contributed by the insurance industry. This fund has benefited more than 120,000 Malaysians to date…..I would however avoid parties who are only interested in securing contracts via direct negotiation with the government. The minister would always tell me to inform them that in the event the government is interested in the project, an open tender would be called, and they would be invited to participate.

There was no open tender for the mySalam scheme, even after two years of being in operation. This was the finding and opinion of the Auditor General in the LAPORAN KETUA AUDIT NEGARA 2019 SIRI 2.

Tony Pua And Dr Ong Kian Ming Are Helping Out The Finance Ministry For Free

Maybe these two champions can provide their PPE students a detailed international relations, geo-economic/strategic/political and local political/strategic analysis of allowing Great Eastern Malaysia to:

- Swindle RM 2.37 billion from their participating policyholders to fund the mySalam scheme;

- Providing Great Eastern Malaysia RM 569 million in income tax exemption for the amount transferred from the participating fund to fund mySalam; and

- Awarding Great Eastern Takaful the contract to run mySalam without going through an open tender (direct negotiation) and which benefited Great Eastern Takaful through probably over RM 150 million in wakalah (management) fees.

Perhaps also delve into whether mySalam helped PH gain Malay heartland support.

Also, they should do an analysis on why BNM has failed in getting the other foreign insurers to either divest or contribute to the mySalam trust fund.

Our national brain trust. Best believe them.

All jokes aside, this is a very serious matter.

Our Central Bank (BNM) truly did conspire with MOF, Great Eastern Malaysia and Great Eastern Singapore to misappropriate RM 2.37 billion @3 March 2020 from participating policyholders within Great Eastern Malaysia's closed participating funds.

I hope anyone coming to this forum and chancing on this post takes the time to truly understand what happened.

It's not something to be scoffed at or ridiculed.

By all means, please be sceptical of all claims, including mine.

Question everything, but please keep an open mind to what is being presented.

Follow the evidence.

There are plenty of official accounts, including disclosures within Great Eastern Malaysia's financial statements and annual reports that would corroborate, at the very least, the transfer of RM 2.37 billion from their participating funds on 3 March 2020 and subsequent payment of the same amount by Great Eastern Singapore to the mySalam Trust Fund on 5 March 2020.

Please read the following articles within Murray Hunter's Substack to understand what happened.

Billions up in the air? Why haven't other foreign insurers operating in Malaysia complied with the divestment condition?

Guest Editorial: Will Bank Negara Malaysia (BNM) be putting pressure on AIA, Prudential, Tokio Marine, Zurich, Chubb and AIG to contribute to the mySalam Trust Fund?