NEP was not designed to create Malay capitalists, says Ku Li

Tengku Razaleigh said New Economic Policy was intended for all Malaysians, and 
not just for the Malays or Bumiputeras.

KUALA LUMPUR — The New Economic Policy (NEP) was never meant to create an incubated class of Malay capitalists, Tengku Razaleigh Hamzah, the former Umno finance minister and veteran party leader, said today.

He also appeared to take a swipe at Tan Sri Muhyiddin Yassin when he said “we have a leader who openly transgresses” the 1 Malaysia policy by declaring himself Malay first.

Tengku Razaleigh, or popularly known as Ku Li, made the remarks in his speech entitled “A Plea For Unity” at a “Breakfast Meeting” forum organised by Paddy Schubert Sdn Bhd this morning.