Photo via jenicelee
Opposition leader Datuk Seri Anwar Ibrahim would have preferred the RM5 billion injection into fund management company Valuecap Sdn Bhd to be used to help rural communties and for the public health, and education instead.
The ‘unannounced’ fund injection which was only mentioned by Deputy Prime Minister Datuk Seri Najib Razak yesterday was used to help Valuecap double its size, for foreign investors’ confidence in the Malaysian capital market, as reported by the DPM.
Anwar Ibrahim
“At a time like this, you should have announced the package in Parliament. Let us debate. These are public funds. I am not suggesting that we should stop all projects. The problem arises when you use funds as bailout to protect some select companies with certain interests. There should be strict rules to ensure that the money is not abused.”
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