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Guan Eng: 'Incompetent' PN raiding trust fund when it's cheaper to borrow
Published:  Apr 22, 2021 5:25 PM
Updated: 9:55 AM

DAP secretary-general Lim Guan Eng today accused the Perikatan Nasional-led government of incompetence and irresponsibility after the government used emergency powers to utilise the National Trust Fund (Kwan) for vaccine procurement.

In a statement today, Lim, a former finance minister, warned that Kwan was meant as a strategic cash reserve with RM17.4 billion in assets as of end-2018 based on the fund's latest publicly available financial accounts...

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