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Pakatan Harapan Candidate For Subang Declares Rolex Watches Worth RM90k Among His Assets

Pakatan Harapan Candidate For Subang Declares Rolex Watches Worth RM90k Among His Assets

PKR’s Wong Chen has RM5.06 million in assets as of 31 Oct.

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A Pakatan Harapan (PH) candidate has declared his assets in a move aimed at promoting transparency.

Wong Chen, the PH candidate for the Subang Parliamentary seat, has declared he has assets worth RM5.06 million.

The 53-year-old lawyer made the declaration in a sworn statement posted on his social media account. 

The assets are probably loose change for many Malaysian politicians but a fortune for most of the country.

In his declaration of assets, Wong revealed that he had:

  • RM310,000 cash
  • Fixed deposit of RM460,000.
  • Two Rolex watches worth RM90,000.
  • A Volvo and Volkswagen worth RM300,000 combined.
  • Shares amounting to RM3.79 million.

As an MP, Wong Chen earns RM26,000 a month, which means he doesn’t need to eat instant noodles for all practical intent.

Wong has previously criticised the federal government for avoiding a firm stance on requiring cabinet ministers, MPs and top civil servants to declare their assets.

It’s A Rich Man’s World

Many of Wong’s peers in Parliament are considerably wealthier.

In 2019, the Malaysian Anti-Corruption Commission (MACC) listed Segamat MP Edmund Santhara as the wealthiest at RM132mil.

In 2018, Julau MP Larry Sng declared his and his wife’s assets at around RM11.78 million to MACC.

The same year, Beruas MP Datuk Ngeh Koo Ham said his assets were valued at RM82 million.

The wealth of MPs has come under heavier scrutiny in recent times, significantly when political parties raise funds from the public.

The Politics Of The Rich And Poor

While elected politicians are entitled to their salaries and perks for their public service, it has attracted criticism due to their high pay relative to the average Malaysian.

In Malaysia, fresh graduates earn between RM 1,500 and RM 3,600, with the average being RM2,500 across most industries.

Unemployment, underemployment and shorter hours are factors in keeping wages too low.

READ MORE: Malaysian Employers Are Considered The Most Stingy In Southeast Asia

Political parties are going into GE15 primarily on a promise to tackle corruption and mismanagement.

Corruption is a major problem in this former Asian tiger economy.

Among the burden is the remaining debt commitment of 1Malaysia Development Bhd (1MDB), which is RM32.08 billion as of 30 June.

READ MORE: Poor Malaysians Stay Poor And That’s A Fact

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