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DAP wants eight investment funds to be scrutinised The DAP has called urged tha…

DAP wants eight investment funds to be scrutinised

The DAP has called urged that the federal government’s eight investment funds be subjected to full and regular parliamentary oversight, such as by the Public Accounts Committee.

DAP secretary-general Lim Guan Eng said this is to ensure that their performances not only maximise financial returns but also optimise national interest instead of the private benefit of cronies.

“We have received complaints of the federal government’s investment funds having an undue influence not only on stock prices of certain companies but also on Bursa Malaysia due to the huge amount of investment funds in its disposals,” said the Penang chief minister in a statement today.

Full story: http://www.malaysiakini.com/news/268723

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