Where are RM52 billion Bumi shares, asks Guan Eng


By Shazwan Mustafa Kamal, The Malaysian Insider

DAP secretary-general Lim Guan Eng wants the government to investigate why RM52 billion worth of shares in public listed companies allocated for Bumiputeras under affirmative action policies were no longer in their hands.

He told reporters in Parliament today that the fact that the shares were no longer in the hands of Bumiputeras was an act of betrayal.

The Penang Chief Minister suggested a Royal Commission be set up to investigate such leakages.

He said that out of RM54 billion in shares allocated for Bumiputeras, only RM2 billion were still in their hands.

“According to a Bernama report, the Prime Minister had been quoted as saying that of the RM54 billion in shares allocated, only RM2 billion worth of shares were left in the hands of Bumiputeras,” said Lim.

“There is a leakage of RM52 billion which is not in the hands of the Bumiputeras. This is a betrayal. The government has to arrest and take action against the people who have hijacked the money,” he added.

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