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Finance Minister Urged To Explain Discrepancy in Responses to the House And To The Media on Matter Regarding Share Equities of 20 Highest Market Capitalization Companies in Malaysia (Parliament, Wednesday):
I am surprised at the different answers given to me and to the media
by the Deputy Finance Minister on the oral question that I asked on
Monday, 27th September 2005. On 27th September 2005, I asked the Finance
Minister to state the list of 20 companies with the highest market
capitalization in the Malaysian Bourse, and I asked him to state the
market capital for each company and share control according to race. I then discovered that the reply that I received on that
day is different to the reply that was published by the media. While the article in the Star 27/09/05 and other papers
list Khazanah Holdings as one of the share holders, the answer that the
Minister gave in Parliament does not disclose the amount of shares held by
Khazanah Holdings. In fact, in the list given to me in Parliament, the
Khazanah shares have been added to the ‘Non-Bumiputra’ column, thus giving
the false impression that the Non-Bumiputra shares are higher than actual
figures. I am highly disappointed that the Finance Minister has
misled Parliament in this regard and demand that he apologizes to the House
for releasing these conflicting figures. Parliament will well remember the
incident where MP for Bukit Gelugor, Karpal Singh, was asked to apologise
for citing a wrong act with regards to the oath-taking ceremony of MPs last
year. So an apology from the Finance Minister for his misleading
information is therefore well in order so as not to cast doubt on his
integrity.
(28/09/2005)
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Teresa Kok, DAP
National Publicity Secretary and MP for Seputeh
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