Dr Wee: ‘The account involved is only a small portion of several loan schemes provided by Kojadi.’
KUALA LUMPUR: The freezing of one of the accounts of Koperasi Jayadiri Malaysia Bhd (Kojadi) will not jeopardise the cooperative’s operations, says Datuk Seri Dr Wee Ka Siong.
The MCA president, who read the notice issued by the Kojadi board yesterday, said the specific account that has RM8mil in it was meant for the RM15mil grant given to Kojadi by Yayasan 1MDB in 2012 to provide microcredit for youth.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
