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Thursday, June 13, 2013

12 Questions about the biggest corporate catastrophe in nation’s 56-year history – the RM2.34 billion UEM-Renong deal in 1997 – which still cry out for answer after 16 years

12 Questions about the biggest corporate catastrophe in nation’s 56-year history – the RM2.34 billion UEM-Renong deal in 1997 – which still cry out for answer after 16 years

The suit, set to be one if the biggest corporate battle in the country, will expose for the first time the “behind-the-scenes dealings in several multibillion dollar transactions and contract awards that shaped corporate Malaysia between the mid-1980s and the early part of this decade” – including “insights into how Umno created a political money-making machine around Renong and its associated concern, United Engineers Malaysia Bhd (UEM).

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