Tuesday, July 26, 2005

AP saga

Just when we thought the ringgit depeg has silenced the AP issue, the whole issue took a new twist today.

Dr. Mahathir, in his latest statement, accused the Prime Minister's Department of not releasing the complete list of AP holders.

He now calls for the release of the complete 2004 AP allocation. Aisehman has started tracking, here and here.

On the issue of the "non-renewal" if Tengku Mahaleel's contract as the CEO of Proton, Dr. M said that he was not surprised by the move by Proton's Board of Directors. Dr Mahathir also said Tengku Mahaleel's ability to run Proton was cramped after he was removed from the chairmanship of major Proton subsidiaries.

I'm sure more details will surface in the next few days or weeks...

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