KL, 20/8/15. Darul Ehsan Investment Group is Selangor Menteri Besar Azmin Ali's brainchild that was supposed to drive his noble Agenda Makmur Selangor. Incorporated in May this year, DEIG should "generate income from its holdings of state-governemnt linked companies (GLCs) , and reduce state income dependency on taxes and Federal funding" [Selangor launch new investment arm, The Sun 21/5/15]. The DEIG and the Agenda Makmur Selangor would "strengthen the middle class, provide high income and improve the quality of life and create more meaningful jobs in the state".
AzminBut after former MB Khalid Ibrahim's exposè two days ago [read h e r e], DEIG has joined the list of Malaysians' four-letter words. Mr Liew Tan is just one of scores of online people hitting out at Azmin and pro-DEIG politicians like Selangor State Assembly Speaker Hannah Yeoh after it's been made known the new entity is just a RM2 company with two shareholders, "hiding" suspiciously behind the MB Inc., etc.
Read Malaysia Digest's Is a scandal brewing in DEIG?
Me, I don't think YAB Azmin will be losing much sleep over this. If Arul Kanda, the 1MDB boss, can turn public perception towards 1MDB around in such a short period by tirelessly engaging the various stakeholders and remaining focused on the rationalisation plan, the DEIG will be akin to a walk in the park for the seasoned and savvy Azmin.
Just make sure of two things, YAB: 1. that YB Tony Pua, the rabid critic of 1MDB, does not bark at the DEIG or tries to bite him; and 2. the pro-Opposition media toe the line, i.e. turn the other way, focus on 1MDB, the ringgit slide, USD700 million "donation", etc.
As for Khalid, lucky you, he's no Tun Mahathir ...
Read also: Arul vs Tony Pua: What is the limit to transparency? by ABITW 20/8