Letters
by WYT
First and foremost, I’m just a one of those silient supporters of yours and this is my first time voice up on issue such as the above subject mentioned.
I am really bugged to hear the goverment is pump in additional RM5b into the equity market. I’m not complaint the intention but the general public does not know where the money come from and where the profit goes. I would assume the money is drawed from us, the tax payers and my next question is why in this 5 years since ValueCap setup, there is no news about how is the fund performance and where is the profit earned (from KLCI index 700+ to 1400+ before the US credit crisis kick in) gone? This is not fair to us if we do not know this ValueCap performance.
I do not see the point why injection of additional fund is necessary when there is profit when KLCI climb to 1400 point and it will even be ridiculous if the fund fails to profit during the period and certainly an excuse should they say the gain has been wiped out because of the crisis, then where is our iniatial injection when the fund is being setup up.
This is just my personal opinion of the issue and you may have a different coming. Nonetheless, I hope you can bring this issue up to parliament and question the cabinet. I believe the general public deserve an answer for this ValueCap and an audit maybe good.