A consortium of Malaysian Chinese businessmen have got a green light to take over Pan Malaysian Pools Sdn Bhd, that runs a Da Ma Cai numbers betting outlet, with a government saying "it's a giveaway market".
"It is his (referring to aristocrat T Ananda Krishnan) company. It is a giveaway market. Willing buyer as well as peaceful seller," Prime Minister Najib Abdul Razak, who is additionally financial minister, said today.
Najib said after chairing a National Finance Council assembly in Putrajaya that although a Finance Ministry controlled a licence, a bid for a gaming company's resources was according giveaway marketplace principles.
Citing sources, business daily The Edge reported that a deal had been inked on August 2, during RM2.1 billion.
It was progressing reported that a organisation of fourteen Chinese businessmen led by Genting Bhd's Lim Kok Thay were keen in acquiring Da Ma Cai, that is owned by appetite aristocrat Ananda Krisnan's (right)Tanjung group.
News reports contend a businessmen aim to form a company called "Jana Pendidikan" to conduct Da Ma Cai, as well as remit a gaming company's net profit into a fund to be used to assist a growth of vernacular schools.
However, grassroots politicians from both sides of a domestic divide have raised concerns that a government could make use of this move as an excuse to stop allocating supports to Chinese as well as Tamil schools, that have been to some extent aided by a state.
"It is his (referring to aristocrat T Ananda Krishnan) company. It is a giveaway market. Willing buyer as well as peaceful seller," Prime Minister Najib Abdul Razak, who is additionally financial minister, said today.
Najib said after chairing a National Finance Council assembly in Putrajaya that although a Finance Ministry controlled a licence, a bid for a gaming company's resources was according giveaway marketplace principles.
Citing sources, business daily The Edge reported that a deal had been inked on August 2, during RM2.1 billion.
It was progressing reported that a organisation of fourteen Chinese businessmen led by Genting Bhd's Lim Kok Thay were keen in acquiring Da Ma Cai, that is owned by appetite aristocrat Ananda Krisnan's (right)Tanjung group.News reports contend a businessmen aim to form a company called "Jana Pendidikan" to conduct Da Ma Cai, as well as remit a gaming company's net profit into a fund to be used to assist a growth of vernacular schools.
However, grassroots politicians from both sides of a domestic divide have raised concerns that a government could make use of this move as an excuse to stop allocating supports to Chinese as well as Tamil schools, that have been to some extent aided by a state.
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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