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Are UMNO and Khairy afraid of
answering the question who amongst the Malays own
the 45% or RM 325 billion out of the total RM 715
billion market capitalization of Bursa Malaysia?
Malaysians, especially Malays who do not possess
millions of shares or imported vehicles APs, should
focus on the important question who the rich Malays
are who have benefited. And not be distracted by
false lies of such rich or millionaire UMNO leaders
who do not wish to answer this question and try to
distract attention with lies that the 30% bumi
equity of the NEP has not been achieved.
How many poor Malays or Malaysians can afford to buy
RM 9.2 million worth of shares like Khairy
Jamaluddin? Or so powerful until Mukhriz Mahathir,
former Prime Minister Tun Mahathir Mohamad son, had
to beg him to reinstate a RM 214.3 million contract
for Opcom Sdn Bhd to supply fiber optics to Telecom
Malaysia in 2003. Only after Mukhriz begged Khairy
was the contract reinstated although the value was
slashed by 15%.
Or can be like MCA Youth Deputy President Ling Hee
Liong who can borrow RM 1.2 billion to control 3
publicly listed companies.
How many can spend RM 3.5 million on a wedding by
Datuk Roslan Hashim? Malacca-born businessman Roslan
said his wedding gifts to his bride included
RM444,444.44 in cash and a further RM22,222.22 in
dowry. Other gifts include a BMW 320i worth
RM250,000, a RM150,000 jewellery set, a diamond ring
worth RM20,000, a RM25,000 Rolex watch and other
designer items.
Or other rich Malays who have benefited from the NEP
such as Minister in the Prime Minister Department
Datuk Seri Effendi Norwawi. In court documents on
the divorce settlement with his former wife Zariah
Hashim @ Farida Effendi revealed that he had
generously given her assets worth more than RM20
million, exclusive use of two houses in Kuala Lumpur
and Kuching worth RM10 million and RM2.5 million,
respectively. Since the divorce, Effendi claimed
that he provided monetary assistance amounting to
almost RM1 million, costs of maintaining the house,
maids, drivers, security and cash.
Tajudin Ramli sold Malaysia Airlines shares at RM 8
per share for RM 1.8 billion when the market price
was less than half at RM 3.68, a premium of RM 1
billion. If the public lost RM 1 billion then Halim
Saad was worse.
Halim Saad get cash rich United Engineers Malaysia (UEM)
to purchase his 32.6% worth of shares in Renong
without triggering a mandatory general offer during
the Asian financial crisis in 1997. In the midst of
the Asian fnancial Crisis. Halim committed to a put
option to buy back his shares from UEM for RM3.2
billion within 3 years. And guess what? UEM never
saw the return of their money and Halim today is
relieved of all his financial obligations.
The entire episode saw the share prices of UEM and
Renong plunged within 3 months from RM8.75 and
RM3.16 to RM1.60 and RM0.66 respectively wiping off
hundreds of millions off the wealth of thousands of
minority shareholders, many of whom were bumiputeras
as well as bumiputera funds.
And RM3.2 billion will work out to almost RM 40,000
for every household living below the poverty line,
many of whom are the bumiputeras the Government and
UMNO claim they were seeking to help. And yet every
single sen of that money went to a single
individual, probably representing the interest of
the rich and powerful in the country.
Posted by Anonymous to
ARAH KITA at 9/28/2006 11:08:18 AM |
