UMNO: RM 17.7 billion earnings by 20 GLCs. But Indians excluded.
This was reported in The Star 7/5/2010 at page N2.
There is an estimated 0.1% to 1% Indians directors and top management staff in the hundreds of multi-million and multi-billion ringgit government linked companies (GLC) in UMNO’s Malay-sia.
In fact most UMNO leaders and their cronies monopolise the top positions in these GLC’s (BH 7/5/2010 at page 10).
Only an estimated 0.1% to 1% of the shares in these companies are given to Indians and that to perhaps to some mandore Indians.