Dr M supports Petronas-backed mega Islamic bank


Ah… any comment I make is going to upset the left, right, conservatives, radicals and Jabba simultaneously. Who says I can’t create a lose-lose situation?

Dateline 2012-06-24:

Tun Dr Mahathir Mohamad has voiced his support for a proposal to set up a mega Islamic bank with Petronas and pension funds being used to underwrite some of the US$1 billion (RM3.2 billion) in start-up capital.

The influential former prime minister insisted last night there would be nothing wrong should the government decide to go ahead with Bank Negara Malaysia’s (BNM) proposal to use an injection from the cash-rich state oil firm as “Petronas money is government money.”

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