Dubbed ‘prophet of doom’, Pua holds up Proton as evidence

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Dubbed ‘prophet of doom’, Pua holds up Proton as evidence #1MDB http://www.themalaymailonline.com/malaysia/article/dubbed-prophet-of-doom-pua-holds-up-proton-as-evidence Responding to Datuk Abdul Rahman Dahlan’s diatribe on Facebook, the Petaling Jaya Utara MP insisted that his warnings from years ago over the systemic risk posed by Syed Mokhtar’s over RM34 billion in combined liabilities was an accurate assessment. “The debts are huge and some of his companies, such as Proton, are desperately seeking support — directly or indirectly— from the government. “If an economic crisis hits Malaysia, there is no doubt that a massive bailout will be required, just like what happened to UMNO-controlled Renong Bhd in the 1990s which had RM28 billion debt."
(Auto-Posted-Link via IFTTT from Justice In Malaysia fbpage on July 25, 2015 at 01:57AM.)