PH broke his GE14 promise by appointing politicians as Khazanah's directors, says MCA



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KUALA LUMPUR (July 30): The Pakatan Harapan government broke election promises by appointing politicians to Khazanah Nasional Bhd's governing council, said MCA vice president Datuk Seri Wee Ka Siong

. Today, Wee said that one of the promises made by PH during the 14th general election (GE14) was to reduce the powers of the Prime Minister. "They demonstrate once again that they can not keep their promises," said MP Ayer Hitam.

Earlier today, the Prime Minister's Office announced that Prime Minister Tun Mahathir Mohamad had been appointed President of Khazanah with immediate effect.

PMO also appointed Minister of Economic Affairs Datuk Seri Mohamed Azmin Ali, former CEO of Petronas Tan Sri Mohd Hassan Marican, former Deputy Governor of Bank Negara Malaysia Dr. Sukhdave Singh and former Executive Director of Market Development Goh Ching Yin Securities Commission as Sover Directors The appointment of the new Khazanah Group Chief Executive Officer will be announced in a timely manner, he added.

Wee said that there should be no political appointments to government-related boards of directors, based on the 22nd promise. "Even if they wanted to appoint politicians in the Khazanah office, they should not have appointed the Minister of Finance to the board of directors, since Khazanah is wholly owned by the Minister of Finance. an incorporated body under the 1957 Act on the Minister of Finance (Constitution)? He asked.

"Is the Minister of Finance only able to be an accountant and take care of Tabung Harapan? The only sovereign wealth fund of our country?

"A concern that I raised earlier is that the Prime Minister had revised the story to say that Khazanah's main goal is to help the bumiputeras. strange because Permodalan Nasional Bhd was supposed to play this role while Khazanah was supposed to be the sovereign fund for all Malaysians, "he adds, adding that Dr. Mahathir also said that Khazanah would eventually sell the shares of profitable companies that It owns to unspecified Bumiputra owners.

"The fear is that this may now open the door to what happened in the past where the most lucrative government assets had been entrusted to a lucky few." It is disappointing that until now, none of DAP or PKR leaders did not go out to say that they agreed with the Prime Minister that Khazanah only applies to certain bumiputeras, "he said. 19659014] [ad_2]
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