Ask Lord Bobo: Show Me Your Assets!

From the Selangor Times 4 January 2013. Ask Lord Bobo is a weekly column by LoyarBurok where all your profound, abstruse, erudite, hermetic, recondite, sagacious, and other thesaurus-described queries are answered!

Lord Bobo, do you think election candidates should declare their assets to the prime minister, instead of to the public? (Open Book, via email)

Elected representatives living way way beyond their means is unfortunately a common and very prevalent phenomena in Malaysia.

Requiring election candidates to publicly disclose their assets is in principle one good way to try and exclude corrupt persons from running for office. The devil, as usual, is in the details.

Should the disclosure extend to cover the assets of the candidate’s immediate family (without requiring fathers to be sexually intimate with their sons)? What about the assets of the companies in which the candidate and his family have a stake in? In that case it is not enough for a candidate to declare his shares in a certain company – he must also declare the assets of that company.

What about assets held by proxies who are not in the immediate family, and by companies in offshore tax havens with minimal transparency rules?

What is the level of detail required in the disclosure? Just the total value of the assets? Or detailed descriptions of each asset, together with their value?

And of course, who should the disclosure be made to? The ruling coalition suggests that the disclosure be made only to the prime minister, with the implication that only he will have the power to decide whether to accept or exclude a candidate based on the disclosure.

For this to be workable, the PM must be a person of the highest integrity, untainted in any way by any corruption scandals of his own, and who will not abuse his power to reject candidates outside his camp in his party even though their disclosed assets are in order. Never mind that then.

There is also a proposal from the Malaysian Anti-Corruption Commission (MACC) that they should vet the candidates.

However, the Malaysian Anti-Corruption Commission Act 2009 does not give the MACC the legal power to vet election candidates.

Also, for vetting by the MACC to be workable, the MACC must be an organisation of unquestionable integrity and independence, untainted by a reputation of witnesses skydiving out of their buildings and officers watching pornography while on the job. Never mind that then.

Last but not least, what is the penalty if a candidate does not accurately and comprehensively disclose his assets?

If there is no penalty, the whole exercise of requiring disclosure will be futile. How many corrupt candidates, with their sense of self-preservation intact, will voluntarily make a full and accurate declaration if there is no risk of serious repercussions for not doing so?

And for those who boldly declare that all BN candidates are “clean” – perhaps we should start strongly recommending “politician” as a top career in our schools, seeing how so many of our politicians can live in luxurious mansions, drive the very latest luxury cars, shop at the most expensive shops around the world, and send their children to international or private schools.

Have a question for Lord Bobo? Call on His Supreme Eminenceness by emailing [email protected], stating your full name, and a pseudonym (if you want), or tweeting your questions by mentioning @LoyarBurok and using the hashtag #asklordbobo. What the hell are you waiting for? Hear This, and Tremblingly Obey (although trembling is optional if you are somewhere very warm)! Liberavi Animam Meam! I Have Freed My Spirit!

You can read archives of all the Ask Lord Bobo columns by clicking here. These are the divinely-inspired words of His Supreme Eminenceness Lord Bobo Barnabus PhD SP GBE OMGWTFBBQ.

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Ask Lord Bobo is a weekly column by LoyarBurok where all your profound, abstruse, erudite, hermetic, recondite, sagacious, and other thesaurus-described queries are answered! It is the ONLY place that His Supreme Eminenceness' thoughts are regularly channeled, via His Lordship's most loyal meditating purple-banana munching minions.

Posted on 9 January 2013. You can follow any responses to this entry through the RSS 2.0.

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2 Responses to Ask Lord Bobo: Show Me Your Assets!

  1. Joseph

    I agree with nagarajan absolutely. The line blurs between partyy and government. It's time to stop the rot. ETP is another excuse for self enrichment among the cronies. 60 year highway concession?Government guaranteed loans and bailouts? I like one contract like that too!! All talk and no action! Giving away money like there is no tomorrow is not ETP!

  2. Nagarajan

    The problem in Malaysia is unmo uses the race card to enrich the top leaders through all means and the junior partners MCA, MIC etc hope to glean some pocket money through government contracts-all at the expense of the ordinary critzens. Unmo has been in power so long that now it can't tell difference right and wrong.

    I now go to bed thinking a new dawn is around the corner.