Aug 16, 2006

Pak Lah, please tell us the truth!

To our Mr Clean PM, hopefully we can can have a "clean" answer from you that truly reflect your transparency in your government.

** Link - PM : "He can say whatever he wants, I am the PM"

** Link - Tun Mahathir's open letter to all UMNO members

Excerpt from MalaysiaKini
Prime Minister Abdullah Ahmad Badawi has been asked to clear the contradictions in his statements on the issue of Malaysian companies being snapped up by foreigners, especially Singaporeans.

In an open letter (viewable from Harakah Daily) to the premier, PAS vice-president Husam Musa raised, among others, Singapore firm Parkway Holdings Ltd's purchase of a 31 percent controlling stake in private healthcare services provider Pantai Holdings Bhd.

Other issues raised include the merger of ECM-Libra and Avenue Capital, the dealings of Scomi Bhd - owned by Abdullah's son Kamaluddin - and the premier's son-in-law Khairy Jamaluddin's involvement in business.

Over the weekend, Khairy sold his entire stake in ECM-Libra worth more than RM9 million following much controversy.

When contacted, Husam said a copy of his letter was both faxed and posted to the prime minister yesterday.

In his five-page letter, the PAS leader said he welcomed the government's decision to try to regain control of Pantai Holdings as reported in the media.

Husam also listed other similar transactions that took place under the stewardship of Abdullah:

  • Singapore's purchase of a five percent stake in Telekom Malaysia in 2004, where ECM-Libra was its financial advisor.

  • The five percent stake in Proton purchased by the Government of Singapore Investment Corp (GSIC), also in 2004.

    Touching on the prime minister’s family, the PAS leader said there could be a conflict of interest between Abdullah's position as finance minister and his son and son-in-law's business interests.

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