EPF supports used as BN slot money, says Nurul Izzah

PKR has bashed a pierce to use RM1.5 billion from a Employee’s Provident Fund (EPF) to assistance financial those incompetent to obtain bank loans to buy low-cost open housing units.

“Even banks are not prepared to give a loans. What is a EPF’s investment row doing?

“Why is EPF income being used as BN’s slot money?” asked celebration vice-president Nurul Izzah Anwar (right) during a press discussion today.

At slightest 4 banks were brought in to assistance breeze a financing agreement, Nurul Izzah said, and asked since EPF’s supports were being used if blurb banks did not hold a intrigue financially sound.

“We don’t wish a conditions like a subprime debt predicament in a US, where borrowers could not use their loans, though with a EPF instead of banks (in trouble),” she said, adding that EPF supports were also used to financial a light rail movement (LRT) project.

“The supervision can’t go vote-buying on a humour simply since elections are around a corner.

“You (the government) can assistance a Public Housing Project (PPR) community, though don’t use EPF supports for that purpose,” a MP for Lembah Pantai added.

On Monday, Federal Territories and Urban Wellbeing Minister Raja Nong Chik Raja Zainal Abidin had reportedly announced an “easy financing scheme” for 20,000 authorised PPR tenants and intensity buyers who could not obtain bank loans.

DAP’s broadside arch Tony Pua has also objected a move, observant that EPF’s purpose is to safeguard a financial confidence of a retirement supports of a contributors.

Both Pua and Nurul Izzah suggested branch to Bank Rakyat and Malaysia Building Society Bhd for a purpose instead.

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Posted by Susanloo
on Feb 3 2012. Filed underneath News.
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