Monday, November 03, 2008

EPF Housing Loan - Brickbats for PKR!

Three days ago, I received an email from a friend with this headline: Be Caution, Scam by KWSP! It goes in part like this...

This is another method for KWSP to steal our money! Remember during Budget 2008 announcement last yr, our Finance Minister (cum PM) announced that in order to assist KWSP members to reduce the burden in housing load repayment, KWSP will allow monthly withdrawal from members’ A/C II for the purpose?
Sounds like a nice goodies!

And continues with this allegation:

"Well, everything appear to be nice and good. It was indeed a noble plan until you take to close look at yr KWSP Statement! The withdrawal plan is actually a SCAM! This is how the KWSP SCAM works......

The email originated from a blogpost in the Parti Keadilan Rakyat's (PKR) M.P. for Kapar, S. Manickavasagam's website on 30th. October 2008.

Go here to read the whole story. Mind the English though!!

Which prompted EPF to issue a statement to the contrary in its website dated the same day.

The BM version goes in part like this:

"Kumpulan Wang Simpanan Pekerja (KWSP) ingin menjelaskan bahawa simpanan ahli yang telah dipindahkan ke akaun khas di bawah Pengeluaran Ansuran Bulanan Pinjaman Perumahan akan terus dibayar dividen. Penjelasan ini adalah sebagai menjawab emel dan laman blog yang menyatakan KWSP tidak membayar dividen ke atas simpanan tersebut".

Go here for the full version and here for the English.

Where does that leave us now?

I suppose we shouldn't be having knee jerk reactions when reporting or passing on such information as this email. If the MSM (mainstream media) has been accused of wide spread one-sided reporting in the past, then the mostly electronic alternative media must refrain from making the same mistake - albeit from the opposite side of the fence. Two wrongs don't make a right.

As for the M.P. who first broke the news, let's see what he has to say after this.


Anonymous said...

Looks like any news that makes the government look bad however stupid it sounds is good news for the opposition. Its inconceivable that EPF can even THINK of such a scam. Even if its true, there will be NO WAY to hide such a scam. It would be like the Tamil saying goes "Trying to hide a whole pumpkin in a bowl of rice".

Now what does this say about the author of the piece, the PKR MP and all the people who forwarded the email.