Prime Minister Datuk Seri Anwar Ibrahim, who used to loudly reject the bailout of big companies, has now approved the injection of RM1.1 billion into Sapura Energy.
Interestingly, this proposal to save Sapura is not new – Tun Dr. Mahathir Mohamad had previously proposed it, but it was rejected. Now, the same step has been taken by Anwar himself.
Formerly opposed, now approved? Plot twist or political U-turn?
Anwar denied that this fund injection was intended to save executives earning millions, instead claiming that it was something needed to pay outstanding Bumiputera vendors.
According to him, this fund is not just a ‘free gift’ that simply disappeared, but a capital loan through Malaysia Development Holding (MDH) that must be returned.
With Sapura still under PN17 status, this move is hoped to help them get out of the RM10.8 billion debt crisis.
Previously, Anwar himself had criticized the rescue of companies related to the former PM’s son.
So, is this really a reformation or an old script being rerun?
