Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, at the Dewan Rakyat on Thursday, 24th Oct. 1985 on the Finance Companies Amendment Bill 1985
DAP calls on Finance Minister, Daim Zainuddin, to announce in tomorrow’s Budget Speech the establishment of a $50 million Salvage Fund to help and save the depositors of Setia Timur Credit & Leasing (M) Sdn. Bhd.
Yesterday, during the debate on the amendments to the Banking Act, the DAP Chairman and MP for Seremban, Dr. Chen Man Hin and I spoke about the Setia Timur crisis, where around 13,000 to 15,000 depositors who had deposited some $40 to $50 million in Setia Timur Credit & Leasing (M) Sdn. Bhd., are unable to get their monies back. Continue reading DAP calls on Finance Minister, Daim Zainuddin, to announce in tomorrow’s Budget Speech the establishment of a $50 million Salvage Fund to help and save the depositors of Setia Timur Credit & Leasing (M) Sdn. Bhd.