Posted by EngineeringProfit > 2 months ago | Report Abuse

Regulatory bodies and enforcement agencies, if compromised by the deep state, may turn a blind eye to illegal or unethical financial practices. This allows for the unchecked movement of capital and assets abroad without proper accountability. Additionally, tax evasion by the wealthy elite reduces government revenue, leading to a greater burden on ordinary citizens through higher taxes and inflation, further exacerbating inequality and poverty.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Even GST cannot get a cent from the Top 1%- The use of offshore banking and tax havens is another major mechanism through which deep state actors may siphon funds. In Malaysia, it has been reported that a significant amount of wealth is held in secret offshore accounts, evading taxation and regulatory oversight. This not only deprives the country of much-needed revenue but also encourages the continued exploitation of the system by elites.

Posted by EngineeringProfit > 2 months ago | Report Abuse

The outflow of capital and siphoning of public funds have direct consequences on Malaysia’s ability to invest in crucial areas such as education, healthcare, and infrastructure. This hinders long-term economic growth, reduces social mobility, and increases the wealth gap between the elite and the general population. Additionally, when such activities become entrenched, they may weaken governance, making it harder for future governments to implement reforms aimed at economic development and poverty reduction.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Deep state actors often rely on international networks of banks, financial institutions, and legal experts to move money offshore. This makes it challenging for Malaysian authorities to track and recover the stolen assets. Foreign governments and institutions that facilitate these financial flows may also be complicit, further entrenching the power of these actors while Malaysia’s economic resources continue to be siphoned away.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Illicit financial flows involve the transfer of money earned illegally to foreign accounts, often to evade taxes or launder money. Malaysia has been identified as one of the countries where significant sums have flowed out of the country illegally. According to Global Financial Integrity (GFI), Malaysia saw billions in illicit outflows over the years. These funds often find their way into tax havens, benefiting only a select few while reducing Malaysia’s economic growth potential and draining public investment.

Posted by xiaoeh > 2 months ago | Report Abuse

I am waiting to see one leader who possess wisdom and open minded from UMNO to harmoniously bring its people together to make UMNO stronger and bigger
and even he will bring all Malaysian in all races together to make Malaysia more prosperous and stronger in term of economically stronger, technology more advancement, more socially harmonious etc
And perhaps this person may not be necessarily from UMNO but other political party instead,
And obviously this person is not Akmal, not Lim Guan Ying, not Wei Ka Xiang, Not Muhhidin, Not Awang Hadi etc either, and not to say DrM as this DrM was/is the beginner of the poison of current Malaysian political and socially devided.
Will see who and when this person emerge…

Posted by EngineeringProfit > 2 months ago | Report Abuse

Bad deep state breed - baka tak baik - tak boleh

Posted by icecool > 2 months ago | Report Abuse

corruption is part of our culture what do you expect ?

Posted by EngineeringProfit > 2 months ago | Report Abuse

Yes, part of tradition

Posted by The_JQuestion > 2 months ago | Report Abuse

U help me , i help u... in every corner , tutup Mata .

Posted by EngineeringProfit > 2 months ago | Report Abuse

Deep state actors protect and promote their own allies and family members within the government or public companies. This network of cronyism leads to the awarding of public contracts to underqualified individuals or businesses, who may siphon public funds into offshore accounts instead of using them effectively for the public good. In Malaysia, this pattern has been criticized as fostering inequality, stifling competition, and concentrating wealth in the hands of a few political elites, while the general population faces reduced economic opportunities.

Posted by EngineeringProfit > 1 month ago | Report Abuse

State-owned enterprises and government-linked companies (GLCs) in Malaysia are often cited as vehicles for political patronage. Deep state actors may manipulate these institutions to direct profits and resources into their personal accounts or offshore entities. Mismanagement of these entities has led to large financial losses, which are often covered by taxpayer money, further impoverishing the country.