Patriot asks why Armed Forces officers’ mess used for BN meeting
Published
Modified5:21 am
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The National Patriot Association has questioned BN MPs’ decision to hold a ‘secret meeting’ last Sunday at the Malaysian Armed Forces officers mess, Wisma Perwira
“Patriot takes exception to this holding of a political meeting at the premises of the Armed Forces property.
“The question that needs to be asked is, why was the Armed Forces officers mess used as the venue for a political agenda?
“We are asking why was the ‘secret meeting’ not held at Umno headquarters.
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IN 2019, Lembaga Tabung Angkatan Tentera (LTAT) set a goal to reduce its heavy dependence on dividend income from the listed Boustead group of companies as part of its plan to rebalance its investment portfolio. Two years on, it seems no closer to realising that goal after it aborted its plan to take Boustead Holdings Bhd private last week.
The proposed privatisation was mooted by LTAT last May in what was seen as an important step for the armed forces pension fund to support the potential restructuring of the loss-making diversified conglomerate’s businesses away from the scrutiny of public shareholders and regulators. The proposal is now entirely off the table and attention has now shifted to Boustead to turn itself around.