THE main focuses of the framework is to ensure that the enlarged wealth is benefitted equitably by the Rakyat.
THE events that had taken place late this week, especially by his Minister and those perceived to be close to him such as Farhash Wafa Salvador, has placed the Prime Minister in a no win situation.
I said perceived , because Anwar Ibrahim is nobody's fool and considering what happened to the man when he was the Deputy Prime Minister of Malaysia, and in the manner he fell from grace, I highly doubt the Prime Minister would place his eggs in anyone's basket, with the exception of his children.
CONSIDERING, the Prime Minister hasn't placed a single egg in any of his children or their spouse basket, let's not assume too much about any sinister hands in READ :Farhash Wafa Salvador buying a 20 per cent stake in MMAG and becoming the non executive chairman of the company
THAT being, there are many sinister question marks in this deal, but first we should be asking DAP's Nga Kor Ming, who happens to be the housing minister how come a group of companies linked to Victor Chin Boon Long and Leong Seng Wui, who have the credit community licence, seems to be lending and borrowing among themselves to buy shares in the stock market.
AS A Minister in the MADANI Government, I am sure, the whole of Malaysia, will want to hear from Nga Kor Ming, how is this Empowering the Rakyat?
AS for Farhash Wafa Salvador, those who are saying that he is Daim Zainuddin 2.0, should stop faltering themselves and Farhash Wafa Salvador with such a comparison.
THE late Daim Zainuddin had enough brain power not to buy shares using share financing facilities offered by Kredit Komuniti entities, where the interest on such financing is between 100 per cent and 150 per cent more than that of a commercial bank.
BUT this is exactly READ : what Farhash Wafa Salvador did when he took up margin facilities from Velocity Capital to acquire the MMAG shares.
CONSIDER the following, days before Farhash Wafa Salvador appeared as the court jester in MMAG, Velocity Capital had READ: had acquired 6.5 per cent of MMAG for RM60 million from Victor Chin Boon Long's wife with a first right of refusal to buy her remaining shares.
OBVIOUSLY, Velocity said NO to Victor Chin Boon Long's wife wheh she wanted to sell more of her shares in MMAG, which is how Farhash Wafa Salvador came into the picture.
WHY is it then Farhash Wafa Salvador looks, smells and feels like bonafide and certified court jester in this whole deal?
WELL the devil is in the detail ain't it? Here is a man who has spend supposedly more than RM100 million to acquire the stake and his position is that of a non executive, meaning he has no say in the running of MMAG.
TO add salt to the injury, the shares are not even registered VIEW : under Farhash Wafa Salvador's name but the registered owner of the shares is Velocity Capital.
FROM the outside all I can say is those who are attempting to make Farhash Wafa Salvador look like the right hand man of Anwar Ibrahim, must be surely taking delight to portray the Prime Minister as a rookie dumb ass.