On 7th October 2008, DAP Sec-Gen Lim Guan Eng issued a press statement asking our govt to forfeit RM 483 million deposit than risk losing RM 8.25 billion to pursue with its “commercial decision” to purchase PT Bank Internasional Indonesia (BII).
Lim Kit Siang, Lim Guan Eng and Tony Pua called it a SCANDAL then and asked govt to investigate Maybank people for corruption.
Just 8 years on, Maybank's purchase of BII (now named Maybank Indonesia) has become so successful that The Edge wrote a story about it saying Maybank has proven their critics wrong and that Maybank Indonesia is now almost equal second largest contributoer to the group alongside the traditionally large Maybank Singapore business.
Via My Facebook https://m.facebook.com/story.php?story_fbid=10211467845323616&id=1587733405
This year, Maybank Indonesia results are expected to be even better.
If we had listened to DAP father, son and the Tony Pua then, not only would Malaysia buta2 lose RM500 million straight-away but also forego tens of billions of Ringgit in current and future profits.
Today, it is proven that the real scandal would have been to listen and to follow the ill-advice from the DAP father, son and the Tony Pua then.
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"Datuk Seri Najib Tun Razak should have directed Maybank to cut its losses by forfeiting the RM 483 million deposit than risk losing RM 8.25 billion to pursue with its “commercial decision” to purchase PT Bank Internasional Indonesia (BII) "
https://dapmalaysia.org/english/2008/oct08/lge/lge908.htm
Watch LGE call it a big scandal in parliament: https://youtu.be/GPuppfET5LI
Read The Edge Weekly Special Report: "Maybank’s Indonesian bet pays off" http://www.theedgemarkets.com/en/node/342944
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