Mara plans to exit business, focus on education and training

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This was among contents of a letter from Mara chairman Hasnita Hashim to Dr Mahathir Mohamad amid reports of Mara Corp's impending closure. FMTNews Mara HasnitaHashim

Mara chairman Hasnita Hashim says Mara was never meant to be involved in business and investment.

In a letter to Prime Minister Dr Mahathir Mohamad, Hasnita Hashim said Mara was “winding down” its businesses and investments. “It has used funds it collected from student and business loans to invest in businesses, something it never had the competency to do,” she added.Malay interest groups such as the Malay Economic Action Council and the Malay Chamber of Commerce have voiced out against any plan to close down Mara Corp.

 

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Mara memang tidak patut terlibat dalam perniagaan. Aktiviti perniagaan yang diceburi Mara menyebabkan banyak ketirisan. Bila rugi minta duit dari Mara. Rugi pun boleh beri bonus. Mara kena membentuk usahawan. Bukan bersaing dengan usahawan. Mara bukan entiti korporat.

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