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New MARA Chairman: List Of Candidates To Be Submitted To PM Soon

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  PASIR PUTEH – Minister of Rural and Regional Development Datuk Seri Ismail Sabri Yaakob will submit the list of candidates to be appointed as the new chairman of Majlis Amanah Rakyat (MARA) to Prime Minister Datuk Seri Najib Tun Razak soon. He said the ministry had identified several candidates who are qualified to replace…

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Mara Assists Bumiputera Entrepreneurs To Seize Opportunities In High-Impact Projects

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KANGAR – Mara will assist Bumiputera entrepreneurs in Perlis to seize economic opportunities from high-impact projects under the Eleventh Malaysia Plan through development projects planned by the state government. Mara deputy director-general (Entrepreneurship) Zulfikri Osman said the agency was monitoring progress of development projects in the Chuping Valley Industrial Area (CVIA) , particularly as a…

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MARA To Call Annuar To GIve His Statement Soon

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KUANTAN – Mara chairman Tan Sri Annuar Musa is expected to be called soon to give his statement on the alleged involvement in misappropriation of funds and abuse of power relating to the sponsorship for the Kelantan football team. Acting chairman Datuk Dr Yusof Yacob said the investigation carried out by Mara Internal Audit Committee…

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Ismail Sabri: Mara Council Has The Right To Suspend Chairman

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PETALING JAYA: The Mara council has the legal right to suspend the agency’s chairman, said Datuk Seri Ismail Sabri Yaakob. In a statement Tuesday, the Rural and Regional Development Minister said Tan Sri Annuar Musa would be suspended until Mara’s audit committee completes its probe. “I was informed by the Mara legal advisers that the…

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Annuar: I Had No Idea About Meeting That Suspended Me

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PETALING JAYA: Tan Sri Annuar Musa said he was in the dark over a special meeting which suspended him from his posts as chairman of Mara and its subsidiary Pelaburan Mara Bhd (PMB). “I had no idea about this meeting and I was also not informed of the issues surrounding my suspension. “I was also…

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Annuar Musa: My Suspension Is Mara Prerogative

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KUALA LUMPUR – Tan Sri Annuar Musa has accepted his suspension as Mara chairman, saying it was the prerogative of the Mara board members. When contacted today, Annuar, who was also suspended as Pelaburan Mara Bhd (PMB) chairman, said he was informed of the development by Mara director-general Datuk Ibrahim Ahmad and Mara board member…

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Dr Yusof: Mara To Probe Allegations Against Annuar Musa

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PETALING JAYA: Tan Sri Annuar Musa (pix) has been suspended as Mara chairman and asked to go on leave pending investigations into allegations made against him, said Mara committee member Datuk Dr Yusof Yacob. Dr Yusof said Annuar has been asked to go on leave while an internal Mara audit is conducted into allegations on…

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Annuar Musa Suspended As Mara Chairman

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PETALING JAYA: Tan Sri Annuar Musa (pix) has been suspended as Majlis Amanah Rakyat (Mara) chairman with immediate effect. In announcing this, Mara committee member Datuk Dr Yusof Yacob said Annuar has also been suspended as the head of Mara Investment Bhd (PMB). The decision was made during an emergency meeting held at Mara headquarters…

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Mara Offers 50 Percent Discount On Loans For Students Who Failed

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KUALA LUMPUR: Majlis Amanah Rakyat (Mara) announced a 50 per cent discount to Mara Education Loan borrowers who failed to make the grade in their respective fields, said its chairman Tan Sri Annuar Musa (pic). Annuar said the offer was given to students who fail to complete their studies for whatever reason, including those facing…

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Najib: All Mara Agencies, Subsidiaries To Be Consolidated Into Single Entity Known As MaraCorp

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KUALA LUMPUR: All Majlis Amanah Rakyat (Mara) agencies and subsidiaries will be consolidated into a single entity known as MaraCorp, says Prime Minister Datuk Seri Najib Tun Razak. He said the new Mara Corp Bhd would be a Government-linked corporation valued at RM1.4bil. “There will be no additional Government funding, but all assets will be…

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MARA Will Not Reduce Number Of Sponsored Students

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KUALA LUMPUR: Majlis Amanah Rakyat (MARA) will not reduce the number of its sponsored students, the Dewan Rakyat was told today. Rural and Regional Development Deputy Minister Datuk Jazlan Yaakub said nevertheless, MARA would study and make new policies on alternative countries to send its sponsored students, in light of the current economic situation. Among…

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No Of Students To Get MARA Loan Unchanged – Ismail Sabri

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BERA – The number of students to receive study loans from Majlis Amanah Rakyat (MARA) will not change, despite the RM400 million cut in the budget for the purpose this year. Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob said MARA would continue to give study loans to 20,000 students, involving RM1.7 billion,…

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Mara Offers 50% Discount On Student Loans

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PETALING JAYA: Several thousand Mara student loan borrowers, who signed up for their loans before 2010, have been offered a welcome reprieve. Effective immediately, they have the option of getting a 50% discount on their current outstanding balance. But to enjoy the discount they must pay off the balance 50% within a one year period.…

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MARA Will Not Stop Sponsoring Its Students Abroad

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KOTA BHARU – The Majlis Amanah Rakyat (MARA) will not stop sponsoring students to study abroad despite the current economic challenges faced by the country. Rural and Regional Development Deputy Minister Datuk Ahmad Jazlan Yaakub said although the allocation for MARA education was reduced by RM0.4 billion to RM1.7 billion this year, as compared to…

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Mara To Open Own Bank, University – Ismail Sabri

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KOTA KINABALU: Majlis Amanah Rakyat (Mara) will implement a number of initiatives including opening its own bank. Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob said he would hold a meeting with Bank Negara Malaysia on the matter. “We have not decided on the name for the bank but we have done the…

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More MARA ICT Centres Next Year – Ismail

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KUALA LUMPUR – The Ministry of Rural and Regional Development plans to open more ICT business centres in the mould of MARA Digital next year. Its minister, Datuk Seri Ismail Sabri Yaakob said the ICT business centres will be located in Majlis Amanah Rakyat (MARA) buildings such as Arked MARA. “Arked MARA located in small…

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All MARA-Sponsored Students In Paris Safe

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KUALA LUMPUR – All Majlis Amanah Rakyat (Mara)-sponsored students in Paris, France are safe following the series of attacks there late on Friday. However, Mara deputy director-general (Education) Abdul Halim Abas declined to reveal the number of Malaysian students studying there. He said based on information received, no Malaysian students were at the scene of…

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Mara To Cease Sponsoring Students To Taylor’s University

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KUALA LUMPUR – Majlis Amanah Rakyat (Mara) will no longer sponsor new students to Taylor’s University for a host of reasons, says Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob. Nevertheless, he said the decision did not apply to existing students and they could continue their studies as usual. “I have instructed Mara…

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Mara’s UK Property To Be Put On Sale To Pay Off Loans

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KUALA LUMPUR: Majlis Amanah Rakyat (Mara) is selling the Ashley House in Britain to repay loans used to purchase four controversial properties in Melbourne, Australia. Its former chairman Tan Sri Annuar Musa, whose term ended last Friday, said Mara wanted to pay back 70% of the loans taken from Australia’s Westpac Bank and Abu Dhabi…

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Mara’s A$4.74 Million Secret Uncovered

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PETALING JAYA – Confidential documents and exchanges of electronic mail recovered by Australian authorities have revealed the paper trail through which A$4.75 million in secret profits and kickbacks were repatriated to Malaysia in the sale of a building to Mara Incorporated Sdn Bhd. One of them, crucial to the investigations, is an indemnity letter signed…

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MARA Announces Enhancements For Its Bank Scheme

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KUALA LUMPUR – Majlis Amanah Rakyat (MARA) has announced four enhancements to the MARA Bank Scheme (Scheme 3) launched on July 1. Its chairman, Tan Sri Annuar Musa said they were to meet increasing number of loan applications and to enable more Bumiputera students enjoy the facility. “Firstly, it is to reduce the borrowers repayment…

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Mara Property Purchase: Khairy Slams Rafizi’s Baseless Claims

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KUALA LUMPUR – UMNO Youth chief Khairy Jamaluddin today hit out at National Oversight and Whistleblowers Centre (NOW) director Rafizi Ramli for linking UMNO Youth members with the purchase of property by Majlis Amanah Rakyat (Mara). “What logic is Rafizi applying? For example, A knows B, B commits a wrong which has nothing to do…

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Property Purchase In Australia Profitable – Shafie Apdal

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BANGI – The purchase of properties in Australia by Mara Incorporated Sdn Bhd (Mara Inc) was made at lower prices than the current value of the properties, said Rural and Regional Development Minister Datuk Seri Mohd Shafie Apdal. He said the property purchase in Australia was carried out according to the procedure including the valuation…

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“Don’t Prejudge Mara Probe”

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PETALING JAYA: The Anti-Corruption Advisory Board (LPPR) has called on all parties, including politicians, not to prejudge investigations into Mara Inc’s controversial Melbourne property investments. The independent body set up in 2009 to advise the Malaysian Anti-Corruption Commission (MACC) said the anti-graft busters should be given room to conduct a full and thorough investigation. In…

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Cops Rule Out CBT In Dudley House Purchase

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KUALA LUMPUR: Police have ruled out criminal breach of trust (CBT) in the case of property purchased by Malaysians linked to Majlis Amanah Rakyat (Mara). Inspector General of Police Tan Sri Khalid Abu Bakar said for now police were not involved in investigations as there were no elements of CBT in the case. “Investigations will…

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Property Purchase In Melbouene According To Procedures

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SUNGAI PETANI – The property purchase in Melbourne, Australia by a subsidiary of Majlis Amanah Rakyat (MARA), Mara Incorporated Sdn Bhd is in accordance with procedures, says Rural and Regional Development Minister Datuk Seri Mohd Shafie Apdal. He said there was only one agreement on the property purchase, and looking at the facts available, there…

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Najib Opposed Mara’s Dudley House Purchase, Says Annuar

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PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak did not approve the purchase of an apartment block by Majlis Amanah Rakyat (Mara) in Australia, said Mara chairman Tan Sri Annuar Musa. Annuar said Najib, in a letter dated May 10, had opposed the purchase, and Mara duly appealed the decision, which was eventually approved by…

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Aussie Police Raid Properties In Mara’s Dudley House Probe

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MELBOURNE: Australian federal police officers seized computers and files from a house in Vermont South on Thursday as part of investigations into the purchases of properties by Majlis Amanah Rakyat (Mara). It is learnt that several other properties in and around Melbourne were also targetted in the investigations. The investigations – Opeation Carambola – were…

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Melbourne Property Scam: MARA Holds Internal Audit, Assists MACC

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KUALA LUMPUR – Majlis Amanah Rakyat (MARA) is conducting an internal audit and assisting the Malaysian Anti-Corruption Commission (MACC)’s investigation on its subsidiary, Mara Incorporated Sdn Bhd, over allegations of a property scam in Melbourne involving its senior officers. Mara chairman Tan Sri Annuar Musa said the audit and the MACC probe, both which had…

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Mara Inc Probe Started Two Months Ago, Says Annuar Musa

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KUALA LUMPUR: Majlis Amanah Rakyat (Mara) had conducted an internal probe on Mara Inc, about two months before Australian paper The Age reported on its controversial investment in Melbourne. Mara chairman Tan Sri Annuar Musa said they regarded the news article in The Age as further information to help in their probe. “We will co-operate…

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