Thursday, September 03, 2026

the shadow backers

 

The shadow backers

They are the cause of financial woes

In government linked companies

As funds keep walking away


They just report loss in operations

Without giving needed explanation

They must have quarterly or monthly meeting

Finding reasons for the huge losses


As the General Auditor's Report in recent years

The funds gone without proper recording

Until today no officials are hunted or jailed

The usual operations still playing on


It seems of the shadow backers

They control how the funds can be transferred

1MDB is one good classic history to remember

The billions gone the agency never came to look


Now the nation has Pilgrim's fund and Felda

The losses in the billions yet nobody was charged then

Until lately Macc started to investigate and retain some

Because His Majesty was angry with the billions losses

No comments: