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KJ denies allegations of BlackRock ties

Ex-Health Minister clarifies false allegations about BlackRock

ROSKHOIRAH YAHYA
By ROSKHOIRAH YAHYA
27 Jun 2024 06:27pm
Khairy Jamaluddin
Khairy Jamaluddin

SHAH ALAM - Former Health Minister Khairy Jamaluddin denies any involvement with BlackRock, refuting allegations made by certain parties.

He stressed that the attacks and accusations against him are entirely baseless.

"I am accused of being a Board Member of a financial company where BlackRock has holdings.

"However, BlackRock's stake in CGS Securities was acquired through open market purchases, and there are no BlackRock representatives on the board of CGS Securities.

"This is different from the 'partnership' involving BlackRock's 30 percent ownership in GIP - MAHB, where we allowed them to acquire strategic interests in strategic assets," Khairy clarified via Facebook on Thursday.

He also addressed allegations of being an ambassador for a beverage company owned by BlackRock.

"The second accusation is that BlackRock has holdings in a beverage company for which I am an ambassador.

"This is completely false and defamatory. Vida beverages are owned by The Vida World Sdn Bhd and not Dydo Japan. Please get the facts straight," he added.

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