Our country's 7th richest man has been getting a lot of flak in the cyber world. For instance, the following graphic from Facebook, showing the extent of his business empire:
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Below is just a small selection of many articles written about him:
Jan 11, 2013 Malaysia-Finance Blogspot
Dec 14, 2012 The Malay Mail
Book review by Habhajan Singh
The rise and rise of Syed Mokhtar Albukhary
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Below is just a small selection of many articles written about him:
Dec 30, 2012 Malaysia Chronicle
Is this the Malaysian way? Umno's most disgusting lapdog - Syed Mokhtar
by Victor Lim
Jan 11, 2013 Malaysia-Finance Blogspot
Privatisation – Cry Wolf
But he has been getting rave reviews too...
Nov 25, 2012 The New Straits Times
Book review by Ahmad A Talib
Get to know the man through his book
Dec 14, 2012 The Malay Mail
Book review by Habhajan Singh
The rise and rise of Syed Mokhtar Albukhary
Jan 5, 2013 The Star
Book review by Wong Chun Wai
The caring side of Syed Mokhtar
Somehow, I think being a Malay, he is being groomed by Umno to be the richest man in Malaysia. But he is also heavily in debt and seems to be taking steps to reduce his gearing through selective privatisations of public companies and selling of valuable assets to pay off loans. No matter how rich a man, what he owns should be able to generate enough incomes to pay interest on loans. Some critics are questioning whether certain banks are flouting rules on exposure of loans to him. Owing tens of billions, banks cannot bully him like ordinary debtors. If he goes down, they will be in big trouble too.
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