And be polite, please? Some quarters are definitely feeling the heat from the authorities' current campaign against corruption (plus tax evasion, under-declaration of taxes, and outright bribery)involving businesses. Early this week, a series of raids were conducted by Bank Negara, the Malaysian Anti-Corruption Commission, the Royal Customs and Excise Department, and Inland Revenue in the Klang Valley. Such efforts are worth our support.
But the media have also started to hear complaints of high-handedness on the part of the raiders. Some of the officers who took part in this week's raids may have been involved in too many raids of night spots, karaoke joints, and massage parlors, kot? If this is so, there is need to keep it civil, guys. We don't want the behavior of some wayward officers to spoil the whole effort.
And there's this strategy to FREEZE the accounts of ALL the businesses involved. Much like what the MACC did to some 200 freight forwarders when they cracked down on a Customs syndicate the other day (it's good to note that Customs and MACC are involved in the current joint campaign). While this may be necessary when the authorities know who they are targeting, there's concern that a blanket freeze on an industry or a certain portion of an industry would send the wrong signal.
It would also affect genuine business, and this is something the authorities involved would want to avoid.
Taikors and Taikuns are SPOT ON with their latest posting A CRACKDOWN OR A LOCKDOWN?
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