FINANCE Minister Lim Guan Eng is adamant that the government will only channel funds to Tunku Abdul Rahman University College (TARUC) if MCA relinquishes ownership and control of the institution.
Putrajaya’s decision to withhold RM30 million in funds for TAR UC was one of the issues that angered Chinese voters, who showed their unhappiness by withholding their votes for Pakatan Harapan in the Tanjung Piai by-election last weekend.
PH lost the poll to Barisan Nasional by a landslide.
But Lim today said there plans were plans for the Tunku Abdul Rahman Alumni Association (TAA) to to manage the money for TARUC via a trust fund.
“It is proposed that TAA set up the trust fund as soon as possible, with trustees from the TAA from among the students and a representative from the Ministry of Finance.
“The trust will manage the funds every year without the involvement of the government or any political party, whether MCA or even from PH,” Lim said in a statement.
The RM30 million Putrajaya has set aside for TARUC will be disbursed to the trust, once MCA gives up control of the institution, he added.
“RM30 million for 2019 will be paid to the trust fund once it is set up, and another RM30 will be paid next year.
“The funds from the trust fund can still be disbursed to TAR UC but is subject to the condition that the MCA leadership relinquishes ownership and administrative control, and positions on the TARUC board of trustees and board of governors,” Lim said.
He added that it was a worldwide practice to not give public funds to entities controlled by political parties so as to prevent corruption, abuse of power and conflict of interest.
PH suffered a 40% drop in Chinese votes in the Tg Piai by-election, according to research outfit Ilham Centre.
Funding for TARUC is a sensitive issue for the Chinese as the 50-year-old institution established by MCA provides scholarships to many Chinese students who are poor. – November 22, 2019.
Comments
Posted 4 years ago by Adrian Tan · Reply
Posted 4 years ago by Wei Kuan Tan · Reply
Posted 4 years ago by Panchen Low · Reply
Posted 4 years ago by Tanahair Ku · Reply
LGE made a silly mistake which exposed him as a vengeful person, something penangites know well enough. Now the nation know fully the type of person he is. An opportunist, a turncoat and a good political actor.
Posted 4 years ago by Butter Scotch · Reply