QuickTakes

QTake 1: In what could be Japan's biggest accounting fraud involving a non-financial firm, textile and toiletries maker Kanebo Ltd said it had overstated profits by USD1.37billion (RM5.2billion) over four years to March 2003, according to Reuters report yesterday. The company, which is undergoing a state-led restructuring, acknowledged it had a negative net worth in all four years and said group net profits for the period had been overstated by 148billion yen.
desiderata: When the Enron debacle was making media limelight at its height worldwide, a local authority official proudly stated Maalysia did not have such corporate scandals in the magnitude of Enron. I wonder what's the real stories behind the bailouts of Perwaja Steel, Bank Bumiputera, and MAS, and others?
More recently, remember Goh Ban Huat's reported profit of some RM100million being transformed into RM20million loss overnight?

QTake 2: Kota Baru UMNO division head Datuk Zaid Ibrahim has indicated that he's retrieving the towel he had previously indicated he would throw in after being allegedly unfairly found guilty of practising money politics last week by the party's disciplinary board. The outspoken MP for Kota Baru alleged that the same party rules are not being applied fairly ... Why is that some people get scot-free while others are punished?" NST April 14, 2005 reported Zaid as asking.
desiderata: Many Malaysians are asking the same question in many other spheres of living, daily.