Finas given 2 weeks to prepare report on usage of funds

Communications and Multimedia Minister Gobind Singh Deo says there are problems with how funds are channelled in the film industry.

PETALING JAYA: The National Film Development Corporation Malaysia (Finas) has been given two weeks to prepare a report on the system used to disperse government funds in the filming industry.

Communications and Multimedia Minister Gobind Singh Deo said an overhaul of the agency was needed.

“I find there are problems with how the funds are channelled. There is a need to review and to reform the procedures so that the money is used in the best way.

“The new talents need assistance. We need to have a system where the funds are used in the most effective way and there is no abuse of funds,” he said after a closed-door meeting with top Finas officials here.

This year, Finas received RM36 million for the film industry, compared with RM50 million in 2016.

Gobind, who is Puchong MP, said in the closed-door meeting, he and the Finas officers had mostly discussed the use of government funds.

“We may look to other models from foreign countries and institutions responsible for filming,” he said, adding that there was a need to revise the entire process of fund allocation.

He said his ministry would also be meeting with stakeholders to get their feedback on the issue.

“I will listen to them so that we can form a system to fix these issues so that all parties across the board can enjoy the benefits that are supposed to come from Finas funding.”

He also said he had a list of those who had applied for funds, and those who had yet to complete their projects despite receiving the funds.

Finas is currently under investigation by the Malaysian Anti-Corruption Commission over several allocations it received last year.