MyEG Services refutes report on links to Umno, political parties

MY E.G. Services Bhd has refuted a report that Umno or any political parties in the country were substantial shareholders, whether directly, or indirectly through proxies.

KUALA LUMPUR: My E.G. Services Bhd has refuted a report that Umno or any political parties in the country were substantial shareholders, whether directly, or indirectly through proxies.

In a rebuttal to news reports that cash-strapped, Umno raised RM2bil by selling stake in four firms, the e-government services provider said that “assertions made in the article, that Umno or its proxies are substantial shareholders, are entirely erroneous, speculative and baseless”.