PM Anwar has also hinted that Perikatan Nasional chairman Muhyiddin could have obtained proceeds from gambling companies to help finance the 15th General Election campaign. Under Muhyiddin administration, special lottery draws were increased from 8 to 22, despite the anti-gambling stance of Islamist party Parti Islam SeMalaysia (PAS), which is part of the ruling Perikatan Nasional coalition.
The previous Pakatan Harapan government had reduced the number of special draws from 22 to 8 in order to minimise social ills caused by gambling. The special draws – which are a special addition to the regularly allowed three draws per week – normally involves a much larger winner’s pot. The government imposes an extra tax on special draws, providing an extra revenue on top of the regular gambling tax.
The special draws were especially designed to boost the government’s revenue. The special draws, which contributed RM80 million in extra revenue for the government in 1999 (the year it was first introduced during the premiership of Mahathir), reached a high of RM238 million in 2017, and averaged a revenue of RM200 million a year in recent years – money that enabled Perikatan Nasional spent lavishly on general election.
The fact that the MACC has opened investigation paper on the misappropriation of RM600 billion, and is summoning Muhyiddin, Zafrul and Khairy indicates that charges could be filed soon. Money laundering and criminal breach of trust (CBT) could be slapped on Mahiaddin and his band of crooks disguised as clean Malay and Muslim leaders. The chicken has come home to roost.
Source : Finance Twitter