INSAN: Is this another pandora’s box about to open?

The Selangor state government doing business in strange ways

Over the last couple of days, social media has been busy with comments about Selangor General Insurance Scheme (INSAN). Many net-citizens are complaining that they have been signed up for an insurance policy without their knowledge.

These net-citizens are also complaining that their personal information was taken from the SPR electoral registration, and used without their permission, thus invading their privacy.

From FB page of Siti Zulaikha Olivia

The newly reappointed chief minister of Selangor Amirudin Shari said the process of using Election Commission (SPR) data was just to set up pre-registration for Selangor residents. This was promoted much differently last December.

The Communications and Media Minister Fahmi Fadzil said the Personal Data Protection Department of the Malaysian Communications and Multi-media Commission (MCMC) is looking into the matter. Fahmi also added that there is no issue of using EC data as it can be purchased anyway.

The INSAN incident has highlighted the complex web of corporate identities and people involved in setting up and running this insurance scheme. Rather than give the project to the Selangor State Economic Development Corporation, which already has a medical insurance company (Selcare), Amirudin and his state exco, or Meneri Besar Incorporated (MBI) directors purchased 49 percent of equity in a company called Wavpay Holding Sdn. Bhd. The other 50 percent is owned by a Penang based licensed money lender called CT Frank Technology (M) Sdn. Bhd., which was formally known as Tatt Kuan Enterprise Sdn. Bhd.

Wavpay Fintech Holding Sdn Bhd owns three other businesses, namely Wavpay Systems, Wavpay Credit, and Wavpay e-Commerce. The systems these companies operate for interest bearing loans is accessed by Selangor’s E-Wallet.  

This effectively puts MBI into the Ahlong business with premium interest rates. Access to Wavpay systems from the Selangor E-Wallet could potentially greatly expand this interest-based credit business. Some Net-Citizens are concerned that when Selangor residents access the system and see any access icons offering credit, they will believe this is sanctioned by the Selangor government.

From FB page of Muhamad Harris Nasril

The third issue is where is the money going? There are all sorts of accusations that commissions are being racked off the top and diverted to Pakatan Harapan members to fight the last election. There a net-citizens asking if any claims without their knowledge have been made on their behalf, and who were/are the beneficiaries. Net-citizens can’t find answers to this question as the access scenes to INSAN have been taken down. The system has not crashed, it has been purposely taken down so citizens cannot look-up their personal policies.

Some people think this looks like a scam.

This is still very much a breaking story. Amirudin must provide a very detailed explanation. There is the suspicion that data has been mis-used, and fraud is possible. For others is the integrity of money. Are the systems the Selangor State government utilizing halal? Others want to know who the real beneficiaries of this scheme are.

This just appears to be just one more example how business done by MBI is shoddy.

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