Tackling GLCs – the good, bad and ugly

GOVERNMENT-linked companies (GLCs) have become a hot topic because of the scandals linked to 1MDB, the Felda group and other enterprises which politicians of the old order have abused, causing the public to lose billions of ringgit.

Public outrage over the fraud and theft cases has grown with each new revelation. Some GLCs were used as the private domain of high-level political leaders as opportunities to make huge private profit at public expense. There is thus widespread scepticism about GLCs in general.