'Boustead's bailout only possible due to pensioners'

4 Jan 2013 | 3,635 views

PKR today took to task the Lembaga Tabung Angkatan Tentera (LTAT) for defending its investment arm Boustead Holdings Bhd over a controversial land deal in Kota Raja, Klang by claiming that it did not involve money from the army's pension fund.

PKR director of strategy Rafizi Ramli said Boustead was today in a strong financial position to enter the deal, described as a bailout, due to years of money pumped into the company from LTAT's funds.

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