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The so-called Ministry for Entrepreneur Development And Co-operatives (MEDAC) set up by the PH government in 2018 saw some brutal management changes shortly after the backdoor coup was staged early last year.
MEDAC last year received a budget of some RM320 million, all of which was purportedly spent on deserving local entrepreneurs. However, certain insiders have described the ministry as a nice source of ‘easy money’ for well-connected individuals who know how to work the system to obtain substantial grants from public money.
“Politicians leverage their opportunities and get friends to go and ask for grants” opines one such disenchanted source.
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