DBKL officers’ cooperative members left in the lurch

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Unproductive investments made by the board management has left its coffers empty, leaving retired members who want to withdraw their funds in the lurch.

Dozens of Koperasi Pegawai-Pegawai Dewan Bandaraya Kuala Lumpur Bhd members are demanding answers to what has happened to their hard-earned savings.

“Today, I have RM30,000 savings in the cooperative,’’ said a retired deputy director who declined to be named. “I have about RM30,000 in the cooperative and was looking forward to using it for much-needed expenses, but was shocked when informed there was no money left,’’ Tan said. “I did some checking and discovered that there were people who had retired since 2018, and who had applied to take out the funds, but were still waiting in vain to be paid,’’ the officer said.He added that the cooperative had not held its annual general meeting for several years, ostensibly because of the Covid-19 pandemic, though he believed that was not the real reason.

“Business was good then but later, the cooperative invested in housing projects in Kajang, and purchased land in Selangor and shoplots in Kuala Lumpur. Reports have already been lodged with the Cooperative Commission of Malaysia , which said the matter was now under investigation. She also said that the workers had not been paid their salaries for the past three months and were promised to be paid soon.Liquidity crisis

 

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So who is being held accountable for this? Is an investigation in progress? pakatanharapan_ MSabu_Official guanenglim anwaribrahim

Ambik dari Kunan la..

Kesian, mismanagement lagi

Duit koperasi pun kena songlap..

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