Power play | Bangkok Post: business

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Power play

As debate over 'crony capitalism' in Malaysia turns personal, questions grow about an opaque power-plant deal.

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Had the Malaysian billionaire Francis Yeoh known that his comments about crony capitalism would create such a sensation, perhaps he would not have said anything at all. 

But he did, and the result has been a bitter backlash, with even former prime minister Mahathir Mohamad jumping into the debate.

The fallout has extended to YTL Corp, the conglomerate Mr Yeoh controls. Subsidiary YTL Power International Bhd has been shut out of a 3-billion-ringgit power project in which it had been expected to play a key role.

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