This is an article lifted from DAP MP Tony Pua's blog:
The New Finance Minister Should Stop Misleading Malaysians with Half-Truths.
Two days ago, in a shocking expose by TheMalaysianInsider.com, it appears that the RM5 billion injection into ValueCap Sdn Bhd was not intended as “additional” investment to support the flailing stock market as suggested by the new Finance Minister – but instead it's a rescue package designed for ValueCap Sdn Bhd to repay its RM5.1 billion debt which is due in a few months.
We are now in possession of documents which are publicly available from the Securities Commission website, which include the Term Sheet as well as the Principal Terms & Conditions of the RM5.1 billion bond issued by ValueCap Sdn Bhd on 28 February 2003.
The Malaysian Insider : http://www.themalaysianinsider.com/index.php/malaysia/11694-question-marks-over-valuecap-debt
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