Corruption and cronyism: Two sides of the same coin

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Following the first Bumiputera Economic Congress in 1965, Majlis Amanah Rakyat (Mara) was established as a statutory body through an Act of Parliament. The trust council, which falls under the purview of the Ministry of Rural and Regional Development, was entrusted with the objective of “developing, encouraging, facilitating and fostering economic and social development1,” with particular focus on the bumiputera community and rural areas.

In 2008, as part of a diversification drive, Mara created a wholly owned subsidiary called Mara Incorporated (Mara Inc) as a vehicle to carry out strategic investments and commercial activities mainly through the management, investment and development of property.


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