8/9/2019 Press Statement : Investigate How RM 52 Billion Of For Malay/Bumis Were Hijacked

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Press Statement By DAP Secretary-General And MP For Bagan Lim Guan

Eng In DAP Petaling Jaya Headquarters on 16.8.2010.

MCA, UMNO or Even Perkasa Would Have No Need To Quarrel Over

The NEP And The 30% Bumi Corporate Equity Requirement If A

Royal Commission Of Inquiry Is Set Up To Determine How RM 52

Billion Of Shares Meant For Malay/Bumis Were Hijacked By The Few

BN Leaders.

MCA, UMNO or even Perkasa would have no need to quarrel over the 30%

bumi corporate equity requirement if a Royal Commission of Inquiry is set

up to determine how RM 52 billion of shares meant for Malay/Bumis were

hijacked by the few BN leaders. Prime Minister Datuk Seri Najib Tun Razak

had admitted that of the RM 54 billion in bumi shares given out since the

New Economic Policy(NEP) was launched in 1970, only RM 2 billionremained in bumi hands.

Clearly the RM 52 billion worth of shares given to the few Malay/bumi

leaders were cashed out and sold off. Stern action and the full force of the

law should be unleashed at this open sabotage of the NEP. If the RM 52

billion worth of bumi shares still remained in bumi hands, then the 30%

bumi/Malay equity target under the NEP would have long been achieved.

What is surprising is the reluctance by MCA, UMNO or even Perkasa to

address this important issue of a monstrous hijack of RM 52 billion worth ofbumi shares. All of them have failed to call for action against these saboteurs

of the NEP. In Parliament all BN MPs have refused to support DAPs call

for a Royal Commission Enquiry to act against these saboteurs and compel

them to cough up and return RM 52 billion back to the government to be

redistributed to poor Malays/bumis.

Of the RM 54 billion bumi/Malay shares given, how many ordinary Malays

got them? Every time this question is posed to ordinary Malays in the

streets, the answer is always no. All Malaysians know the the RM 54 billion

bumi shares are given to the cronies of UMNO or BN component parties.

BNs refusal to take action against these NEP saboteurs and that they return

the RM 52 billion is an immoral act designed to protect their own cronies

who have profited shamelessly from a policy that is supposed to assist the

poor Malays/bumis.

8/9/2019 Press Statement : Investigate How RM 52 Billion Of For Malay/Bumis Were Hijacked

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