Guan Eng's not very good day (updated)

UPDATES at 10:35 July 17 2019

I saw this and had a good laugh,

PAC confirms previous govt illegal 
use of tax money - Lim

Still trying to spin ka Guan Eng.

The guy must be referring to AG Tommy Thomas' note on the PAC report, I guess.

Well, Guan Eng and Thomas should read this,

Lawyers tell AG to read GST law in full 

& Pakatan politicians to stop drama

excerpts;

However, critics of Thomas’s argument say that he was not telling the truth for not reading Section 54 in its entirety.

Lawyer Fatihah Jamhari said if Thomas had done so, he would have realised that two sub-sections within Section 54 essentially allowed the previous government’s move of transferring the money into the consolidated account.

“Sub-sections 2 and 5 maintain the discretionary power of the (finance) minister  to determine whether to place the money under the Refund Fund and if so, at what rate and for how much,” points out Fatihah.

Below is what Section 54 and the sub-sections say:

Establishment of Fund for Goods and Services Tax Refund.

54 (1) A fund to be known as the Fund for Goods and Services Tax Refund (in this section referred to as “the Fund”) is established which shall be specified in and incorporated into the Second Schedule to the Financial Procedure Act 1957.

(2) There shall be paid into the Fund the amount of tax collected under this Act as may be authorised by the Minister.

(3) The moneys of the Fund shall be applied for the making of any refund under section 38 and Part VII.

(4) The Fund shall be administered by the Accountant General of Malaysia.

(5) Notwithstanding subsection (2) and the provisions of the Financial Procedure Act 1957, the Minister may authorise the payment into the Consolidated Revenue Account in the Federal Consolidated Fund of all or part of the moneys of the Fund.

ORIGINAL POST

Guan Eng didn't look so good yesterday.

This is him when journalists asked about this report

Government seizes over RM1 billion held 

by Chinese state-owned unit in HSBC

excerpts from the report;

Describing the move as “unprecedented”, the Singapore publication stated that the government early this month ordered global banking giant, HSBC, to transfer the funds held in  CPP’s account in Malaysia to  Suria Strategic Resources Sdn Bhd, which is wholly owned by the Ministry of Finance.

This is Dr Mahathir's answer on the matter

Looks like Dr Mahathir had to rescue his finance minister on that one.

However, noted was that Dr Mahathir didn't answer the question about under which law did the money was "seized" from the Chinese.

Well, I don't think the Chinese government was very amused with all that.

You take away the money in their account and put it in yours, you answer properly la.

After all the hard work by Daim and gang to be friendly with the Chinese so that we can do business with them, suddenly something like this pulak happened.

If I'm an investor, I don't think I'm very keen to do any deal in Malaysia after reading such a report.

If I'm the Chinese government, I may likely not be pleased that people simply simply take away money from my account. 

Anyway, why did Guan Eng looks like a really constipated boy yesterday?

Must be because of this report earlier in the day, I guess;

No money lost from GST refunds – PAC

excerpts;

PAC started its proceedings on September 12 last year, following statement made by Finance Minister Lim Guan Eng in the Dewan Rakyat on August 2018 which stated that RM19.4 billion in GST repayment was “robbed” by the previous government.

This was back then when Guan Eng got all stressed up and accused the previous BN government of robbing the GST refund money.

Wee Ka Siong explained it well,

Yup, Guan Eng must felt like shit yesterday.

Sigh. What kind of finance minister lah this one.

Well, I believe it's not the only one that they lied about.

Even back then before GE14.

What to do, just bear with it lah for now.