At a press conference in the Parliament lobby this morning, Bagan parliamentarian and Penang Chief Minister Lim Guan Eng has called for a probe into the admission that RM52 billion worth of bumiputera shares are not in the right hands. Lim was referring to a Bernama report dated June 30, 2009 in which premier Najib Abdul Razak had admitted that the bulk of the allocation is not held by bumiputeras as intended.
The news agency had quoted Najib (left) as saying: "Of the RM54 billion in shares allocated, only RM2 billion worth of shares are left in the hands of bumiputeras."
Lim urged the government to investigate the situation, claiming that the shares are usually distributed to "cronies" of BN and said the government should act sternly against those responsible for the “leakage” of the shares". Also, Lim explained that if the shares had remained in bumiputera hands, the 30 percent equity target would have been more than met.
The news agency had quoted Najib (left) as saying: "Of the RM54 billion in shares allocated, only RM2 billion worth of shares are left in the hands of bumiputeras."Lim urged the government to investigate the situation, claiming that the shares are usually distributed to "cronies" of BN and said the government should act sternly against those responsible for the “leakage” of the shares". Also, Lim explained that if the shares had remained in bumiputera hands, the 30 percent equity target would have been more than met.
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