Jul 15, 2007

Khairy Suggests Winding Up CTOS

REMBAU, July 14 (Bernama) -- Deputy Umno Youth chief Khairy Jamaluddin said today he hoped that the government would just wind up Credit Tip-Off Service Sdn Bhd (CTOS).

He said the government should find a solution through Bank Negara because the service of selling credit data could be exploited by the private sector in the name of profit.

"Otherwise, many people will be victimised, especially Malays who may have settled their debts but get penalised by the information provided by CTOS," he told reporters after the opening of the Rembau Umno Youth delegates meeting here.

The meeting was opened by Negeri Sembilan Menteri Besar Datuk Seri Mohamad Hasan, who is also the state Umno liaison chief.

Khairy said he noticed that most of the people on the CTOS blacklist were Malays.

He also said that CTOS had abused all procedures and regulations and hoped that the system could be amended to ensure transparency and fairness.

The service of selling information, like what CTOS does, should be carried out by the government, he said.

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