Wednesday 1 March 2023

Pharmaniaga : The Great Pretender

was a massive hit for the lead singer of Queen, Freddie Mercury. It is a rework of the Platter's 1955 hit song, written by the group's manager Buck Ram.

ANWAR Ibrahim is going to have a very difficult time explaining to the layman, why the Government will soon have to bailout Pharmniaga, with possibly some EPF money as the fund is the second largest stakeholder in Pharmaniaga's parent.

PHARMANIAGA's parent is Boustead Holdings Bhd. You can view HERE the shareholding structure of Boustead Holdings.

WILL Anwar Ibrahim call for a forensic audit on what went wrong in Pharmaniaga, like how he demanded  READ : A forensic audit on Sapura, if the government wants to help the company

No one can tell
Oh, yes, I'm the great pretender
Adrift in a world of my own
I play the game but to my real shame

THE Prime Minister has previously promised so many forensic audits but delivered very little. READ : Anwar vows forensic audit on Maika, Mitra, Mied if Harapan returns to power.

YOU can READ : Why saving Pharmaniaga is important to Malaysia, but will the B40 men be convinced that a Government that will not allow them to have a piece of their own EPF money, is so delirious in lending a helping hand to a badly managed company.

MANY weeks ago, I wrote Anwar Ibrahim will be committing his biggest political mistake if he does not announce the approval for another round of EPF withdrawal during Budget 2023, which he eventually will be forced to do so at a latter date 

THAT moment is now gone, as any announcement on the EPF withdrawal now will only play into Perikatan Nasional's hands.  Anwar Ibrahim only has himself to blame, for turning a winning hand into a loss that may cost him the Prime Ministership.