Proxy War of of King-Makers Just Begun

The lightning had strike and the thunders had struck hard ... the proxy war had begun...

Mahathir sets his sword alignment:

(1) Firstly, Khairy and his coterie Must Leave the 4th Floor and go away somewhere (far enough), and

(2) The Crooked Bridge/ Scenic Bridge or Cynic Bridge must be built.

If that two conditions is met, Mahathir promised to stop the attack.

Khairy knew the game plan. He knew what was coming his way. He had to built his defence system and first and foremost, he built a rigid and elusive smokescreen. So, he announcement to the nation: "I sold my stake in ECM-Libra to safeguard the interest of the company... oh NO, it is to safeguard his interest and his father-in-law's image because the war is about his bullet-speed burgeoning commercial accumulation and the sprouting of the anointed coterie within the oligarchy.

He now claim he lost $200,000 for selling his stake. The arithmetic is that he bought the share at $0.71 and sold it at $0.65. But the truth is he bought EMC-Libra share and sold ECM Libra-Avenue shares which is the enlarged diluted entity. When ECM was merged with Avenue, the acquisition include "goodwills" and bonuses. The "Cash-out" process had begun then and the timing of cash-out departure announcement was strategic to make it such as to portray and depict an act of altruism.

Counter-attacked was also launched:

Khairy fired the salvo: "I sold my share to a Malay buyer to protect the Bumiputera equity ownership. But Pantai Holding was sold to Lim Tong Yong of Paos Holding who subsequently resell this stake to Parkway Holding, Singapore."

Pak Lah fired the second missile: "Government is studying action to be taken on Pantai sale". "The share sale has become a problem as it involves matters relating to the concession given to Pantai Holdings, that is, a contract to supply hospital requirements." "The government had always hoped that the equity would remain with Malaysians but unfortunately it had gone into the hands of foreigners."

I am perplexed! On one hand Malaysian government is vowing foreign investors and foreign direct investments. On the other hand, it wants Malaysian equity to be owned by Malaysians, or in Khairy's word, it must remain with the Malays. Will the agnostic political stand of our prime minister viewed with paranoia? What would foreign investors think when they put their money into our economic system? Are we making them economic fools?

The war had just begun! This is only the beginning. More missiles will be launched and more counter-attacks. Is it the clash of civilisation or clash of civilians?