PUTRAJAYA: Minister in the Prime Minister's Department Datuk Seri Abdul Rahman Dahlan (pic) has urged PKR vice-president Rafizi Ramli to retract his call for Malaysian funds to boycott the proposed listing of Edra Energy on Bursa Malaysia. "This dangerous and callous action can be construed as economic sabotage," he said in a statement, here on Wednesday. Rafizi in a statement had called on Malaysian institutional investors responsible for public funds to boycott the initial public offering (IPO) by Edra Energy, linking the company with 1Malaysia Development Berhad (1MDB). Abdul Rahman said through Edra Energy, 1MDB had fulfilled its goal to help reform the Independent Power Plant (IPP) industry which the opposition previously said had many lop-sided agreements in favour of the concession companies. Abdul Rahman said Edra Energy was sold by 1MDB to a foreign investor via an international open tender and no longer had any business links with Edra Energy.

Source: The Star July 05, 2017 13:18 UTC