Stop protecting second and third generation APs holders

APs cannot be done away with immediately
Reports by LEE YUK PENG, TEH ENG HOCK and YUEN MEIKENG

THE abolition of Approved Permits (AP) to import vehicles cannot be done immediately as it will cause hundreds of bumiputra entrepreneurs to go bankrupt, International Trade and Industries Minister Datuk Mustapa Mohamed said.

He said the open APs to import cars would be scrapped by 2015.
“The Government knows that many issues had cropped up. It has been decided that by the end of 2015, the practice will be stopped,” he said in debating the 2011 Budget on behalf of his ministry.

Mustapa explained that there was a need for a period of transition for the abolition of the APs by 2015 to allow automotive businessmen to adjust to the changes and settle their bank loans.

“If we stop it immediately, it will not be fair. The businessmen have loans to settle and buildings and families to take care of,” he added.
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My dear Mustapa, it is obvious you are not thinking with the brain Allah has given you. The many APs elite clans are all multi-millionaires and some of them are even billionaires. Most of them are second and third generation receivers. They have many houses all fully paid in cash, they are given free lands when they donate and help the government in each and every erections not elections. All contracts and projects are given to them on the lap, whether they have the know-how or not. They do not pay full taxes neither are they forced to pay up the loans which are given to them without collateral and are charge at the lowest rate of just 2% and even can do money laundering with the help of the Bank Negara and the government.

So come 2015, people like you will come up with many more excuses to extend their pocket money because this is the right given to them by the UMNO government for as long as UMNO rule this country.