Monday, February 26, 2007

We Ask, We Listen And We Advise, Says Shahrir

We Don't Decide
Nor does the Public Accounts Committee execute decisions made by the Cabinet. As was the case with the controversial merger between ECM Libra and Avenue Capital.
Shahrir Samad earlier today chaired the PAC meeting in which 2nd Finance Minister Nor Mohamed Yakcop briefed on the merger.
Here's what Shahrir told a Press conference after the meeting:

"The Finance Minister had explained that there was nothing unusual about the deal since it had obtained clearance from the Securities Commission (SC).
"To say we are satisfied (with the explanation given) is not right since the PAC consists of representatives of various political parties. We all have a different degree of satisfaction. The government feels that since the SC had no objection and the majority of shareholders of the two companies wanted to merge, then the merger should take place without any interference."

Disappointed? And what were you expecting?
Bernama has the full story here.

3 comments:

Penarik Beca said...

In your previous posting, i have said:

i'm trying to 'reunderstand' that colorful personality. i'm still trying.

And now, allow me to say:

Kalau tak faham-faham lagi, baik hang pi mandi ayaq acaq la(air limbah), kutu oii!!

James said...

"There was nothing unusual about the deal since it had obtained clearance from the Securities Commission (SC)."

Hahaha Joke of The Year!
SC comes under whose ministry.. may I ask?

Isn't it same as "Govt did not buy plane but PMB did"

Anonymous said...

I thought commentaries posted here : http://malaysianunplug.blogspot.com/2007/02/ecm-libra-scandal-pacs-response-much.html

captured the concerns and views of Malaysians in general.

It looks like Datuk Shahrir is still a political animal at his core despite his fronting as a "voice of conscience".

Shahrir will not rock the boat or tilt the DACING.