Maybe the word "losses" is not really appropriate for that amount relates to the amount of money that Malaysians have been duped of in various schemes that involve corruption, improper tenders, cheating and CBT in government purchases as highlighted in the annual Auditor-General's report.
The amount is higlighted in a letter by a malaysiakini reader Najib, get us back our RM24 billion now who believes that the PM is capable of such a mammoth task when he has really come out with nothing new except do away with the "race" item in government forms and declared Malaysia Day a public holiday.
The AG's Annual Report is a glaring annual exercise to show that the other AG's office has become a political office rather than the guardian of law and order.
You will notice that major scandals like the PKFZ will generate umpteeen probes but each end up as a NFA file in the AG's office.
We all know that the civil service has become largely a BN stooge and there is an incestous connection between top civil servants and the government leaders so don't expect drastic measures to curb the abuse in the government tender system. But kudos to the Penang state government for having more open tenders as this is a good way to reduce corrupt practices.
My suggestion is that unless we follow the Chinese example of capital punishment for serious corruption, we cannot expect to turn back that massive gravy train of kick-backs and corruption.