Thursday, October 9, 2008

malaysiakini on FAT CAT Political Parties

malaysiakini has this interesting article on one rich BN political party Squabble over MCA's RM1.5 bil assets .
It would be a revelation to discover how this party managed to acquire so much wealth. Now MCA is the second most important party in BN after UMNO which probably will rate 7 out of 10 compared to MCA's 4/10.
Now if MCA has RM1.5bil assets one would expect UMNO to own about RM4bil. Do UMNO assets get to be included in the NEP equity calculations or is that considered a private asset?
If I use the term "Top Dog" some people will get offended. "Fat Cat" sounds more pleasant.

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