Can someone ask the Finance Minister why is the sport Betting licence being given to Ascot company belonging to Vincent Tan?There is no such thing as a free lunch. Vincent Tan sold 70%of Ascot shares to public listed company Berjaya Group for $375 million. Surely the Finance Minister is not so generous as to see Vincent Tan getting this huge largesse without coughing it out for someone else?It doesnt take a geniuse to know that someone is benefitting from this deal from Vincent Tan because nobody is going to be just happy to see Vincent Tan pocketing this huge largesse.
If the issuance of this sporting licence had been transparent and if there were no one benefitting from this deal would it not been a better deal for the country's coffer that the licence was openly tendered to the highest bidder?If it was tendered openly to the highest bidder it would benefit the country's coffers to the tune of at least $500 million since the value of the licence based on the sale to Berjaya group was $525 million.From this dubious issuance of licence to Ascot company belonging to Vincent Tan, I am quite confident that it is not only Vincent Tan alone laughing his way to the bank.
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