EPF can have my old smelly socks
ILPublished: Mar 21, 2001 11:28 PM | Updated: Jan 29, 2008 10:21 AM
I am writing in reply to Mohd Fazil Mohd Ali's defence of the Employees Provident Fund (EPF) over the Time dotCom investment ([#1]Be fair to EPF[/#], March 20). While he may be right in the details of the particular case, hasn't he been hoodwinked by the clever (and immoral) fait accompli presented by EPF?
EPF was irresponsible in two parts. First, capitulating to outside pressure it lends to dubious businesses. Then, once the money is lent - and lost - it is of course the 'best deal' to recover whatever is possible.
But the paramount question is whether EPF should have lent in the first place especially to businesses which everyone (except possibly the EPF itself) knows to be questionable?
Oh, I how wish I could be the recipient of such funds! After I have wined, 'womened' and sung my way through the money, the EPF can have my old smelly socks as the 'best deal' in recovering its money!
EPF was irresponsible in two parts. First, capitulating to outside pressure it lends to dubious businesses. Then, once the money is lent - and lost - it is of course the 'best deal' to recover whatever is possible.
But the paramount question is whether EPF should have lent in the first place especially to businesses which everyone (except possibly the EPF itself) knows to be questionable?
Oh, I how wish I could be the recipient of such funds! After I have wined, 'womened' and sung my way through the money, the EPF can have my old smelly socks as the 'best deal' in recovering its money!
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