KUALA LUMPUR: Quelling growing criticism of his sports betting business, tycoon Tan Sri Vincent Tan will donate the proceeds of RM525mil from the proposed sale of his 70% stake in Ascot Sports Sdn Bhd to a foundation he has renamed “Better Malaysia Foundation.’’
“A lot of wild allegations have surfaced and I am totally convinced it is all to do with politics,’’ he said during a high-tea session with the media at Berjaya Times Square here yesterday.
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