Shahril Hamdan says LTAT’s foremost responsibility is to ensure the best returns for its contributors.
Former Umno information chief Shahril Hamdan said the deal already met the criteria set by LTAT’s investment arm after going through a competitive bidding process.
“We have to remember one simple fact, and that is the funds LTAT uses to invest is not the government’s money. It belongs to those who earn their salary serving the country as well as to the armed forces itself. He believed that the matter would not have been politicised by certain parties if the shares were sold to a Bumiputera company like Tradewinds Corporation Berhad instead.
Previously, KLK signed a letter of agreement with Boustead Holdings Bhd and LTAT to set the cut-off date for a strategic collaboration agreement on Sept 22 or any other date that they might mutually agree upon in writing.
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