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Strategies & Market Trends : Asia Forum
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To: Mohan Marette who wrote (667)1/10/1998 4:49:00 PM
From: Stitch  Read Replies (3) of 9980
 
Mohan: Corruption is a big one because of its exacting toll on profitability and production efficiency. In Malaysia there has recently been the formation of a special enforcement agency chartered to root out corruption in all areas. They have also recently been given the authority to search private property, acccess bank accopunt (and other private info sources), and bug telephone lines at will. There are none of the constitutional concerns we would encounter in the West. Whether good or bad there seems to be a new mind set about combatting the problem here in Malaysia, but only time will tell. There was an incident shortly after I arrived here 2 years ago that was telling. Seems there was a large sum of money under the care of a favored cabinet member that had gone missing. A day or two after the fact of it missing was reported in the papers it suddenly reaapeared. When the press and the political opposition openly asked how that had come about, they were publicly scolded by Mahatir who said that the how was unimportant as long as the money had been restored to its rightfull place. Worse then that, they responded as they were told, and little more was mentioned about it. The highly placed government official still holds office, and is a major influence on the business postures of the country. Makes you kind of wonder doesn't it?
Best,
Stitch
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