Hottest Online News Portal

Penang DAP Rep Unhappy With Explanation On ‘Money Game’

in Latest/Politics/Slider

GEORGE TOWN – A DAP assemblyman has expressed his dissatisfaction over the failure of the state government to explain the issue of investment companies based on currency trading in the state.

Teh Yee Cheu (DAP-Tanjung Bungah) questioned why the issue was replied by the State Tourism Development and Culture Committee chairman Danny Law Heng Kiang when it should have been answered by the executive councillor (exco) in charge of the economy, that is Chief Minister Lim Guan Eng.

“The issue of money game which involves finance, economy and social matters was answered by the tourism exco. I hope the issue will be properly answered in the interest of the people,” he said

He said this after Law replied to a question on the list of companies dealing in investments based in the state at the State Legislative Assembly here today.

The issue arose following the collapse of the JJ Poor to Rich (JJPTR) investment scheme which left about 400,000 victims including 100,000 foreigners in the lurch. The alleged fraudulent scheme is believed to have raked in more than RM1.7 billion.

The authorities have since detained 19 individuals in connection with the case.

Meanwhile, Speaker Datuk Law Choo Kiang said according to the assembly’s standing orders, an executive councillor could answer questions outside of his portfolio after receiving the green light from the Chief Minister. – BERNAMA


Latest from Latest

Go to Top