KUALA LUMPUR, Sept 1 — Putrajaya will automatically cancel all its contracts awarded to Bumiputera companies if they are sold off or transferred to other firms, Prime Minister Tun Dr Mahathir Mohamad said today.
He said the government is taking drastic action to stop Bumiputera businessmen who only sought the easy way to profit instead of taking advantage of exclusive opportunities to improve their business status.
“If you sold off a contract or transfer it to a third party, it will be cancelled automatically.
“If you don’t possess the capacity to fulfil a certain contract, do not even try to apply for it. If you grab the opportunity with the sole intention to sell it off, the contract would then be invalid,” he said at the Congress on the Future of Bumiputera and the Nation held at the Kuala Lumpur Convention Centre here.
Dr Mahathir said he was deeply disappointed with irresponsible parties who abused their privileges.
He added that the Pakatan Harapan government will continue to look for ways to curb “negative” practices that are detrimental to the Bumiputera.
“Today, I don’t have any good news to relay to you. As always, I advise and I nag as I have done countless times for 22 years now.
“It looks like there has been little impact but I hope this will all change soon,” he said.
Related Articles Integrity DG moots prosecution for traitors of Bumi economic interests Not all successful Bumi are govt cronies, Dr M says Laws need ‘radical change’ to stop economic sabotage, ex-MACC chief says