KUALA LUMPUR, Dec 11, 2015:

Umno and the Federal Government has spent a lot of time countering allegations regarding strategic investment firm 1Malaysia Development Berhad (1MDB), though the firm itself has policies which empower Bumiputeras.

Perak Umno delegate Datuk Wan Mohammad Khairil Anuar Wan Ahmad said the matter had caused Umno and the government to dance in tune to the conspiracy and manipulations of the enemy.

“I want to give the example of 1MDB, the recovery steps have been made, but do you know 1MDB has Bumiputera empowerment policies in its implementation of development projects in their three property components?

“A lot of time and opportunities have been wasted as we are full of suspicion and have to counter allegations that have been thrown around, and there are some who are opportunistic and try to fish in troubled waters.

“However, thankfully we are still lucky enough as we still hold 40% of Bandar Malaysia and half of TRX (Tun Razak Exchange) which is worth billions,” he said when discussing economic matters at the Umno general assembly.

The Kuala Kangsar MP also questioned the actions of government-linked companies (GLCs) which do not help to empower entrepreneurs, particularly small business owners.

Furthermore, said Wan Mohammad Khairil Anuar, there were some GLCs which competed against small business owners when they should be assisting them.

He said some leaders were in place due to the efforts of Umno and thanked those who had helped out.

“But there are many other leakages in other GLCs. We want to ask them how many of our entrepreneurs have they successfully guided, whether they have contributed to the ownership of equities, the effectiveness of the equities to the Malay and Bumiputera economies.

“These GLCs are bodies which are prepared as shelters to share the economic pie with smaller entrepreneurs,” he said.

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