SHAH ALAM, 20 Aug: The Darul Ehsan Investment Group (DEIG), which was established by the state government, is wholly owned by Menteri Besar Incorporated (MBI).

The Chief Minister, Mohamed Azmin Ali (PKR-Bukit Antarabangsa), said that claims that DEIG is a company with a paid-up capital of RM2 and that the shares are held by two individuals is a malicious lie.

“When in operation, the share capital will definitely be increased. DEIG is under MBI which was formed under the enactment, there are no shareholders but is wholly owned by the state government.

“Allegations that DEIG is a RM2 company managing RM6 billion in assets is a malicious lie because there are not assets and transactions because it is not yet operational.

“When DEIG starts operations, governance will be resolved first with a clear structure,” he said to the media at the Selangor State Assembly (DNS) lobby today.

He said that DEIG, which is wholly owned by MBI in July, will begin operations next year after the issue of mechanism of corporate governance, financial statements and other matters are completed first.

“When we set up the company, we called share promoters, meaning that the law allows two shareholders to open the company. But two months later, in July, DEIG became wholly-owned by MBI.MBI is fully owned by the state government,” he said.

Mohamed Azmin said that the state government also noted that the Select Committee on Agency, Statutory Bodies and State Subsidiary Companies (JP-ABAS), as proposed in the DNS session this time and will be answered in November.

Azmin also asked for Malaysian Insider to correct its previous report by reporting news accurately and responsibly.

NS