PKR investment bureau chief Wong Chen ticked off Deputy Prime Minister Muhyiddin Yassin for trying to gag public discussion on the use of national pension funds to buy plunging Felda shares and threatening to have the Securities Commission and the Malaysian stock exchange to take action against Opposition Leader Anwar Ibrahim for raising the matter.
"We are not cooking up data. This is data reported by analysts and this is what we are merely pointing out. The question remains, despite analysts pointing out that the share is no longer backed by fundamentals, why did EPF and KWAP continue to buy the shares. We are asking EPF to explain these purchases which are against market movement to shareholders and pensionholders who are concerned and have the right to know," Wong Chen told a press conference on Friday.
"Did EPF and KWAP receive any implicit or explicit request to buy Felda shares? Is there any breach of trust or negligence, explain to the public. We all have a stake in EPF, KWAP? Is there a correlation with all the big guys (Miti-approved investors) selling their shares and EPF buying from them? These are all questions that mjust be answered."
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