Former premier Dr Mahathir Mohamad today conceded that the New Economic Policy has been abused by the Malays for quick gains but argued for the continuation of the controversial programme.
Addressing an audience of aroud 2000 at a symposium on the Malay dilemma, Mahathir said that is it those who had abused the NEP who were partly responsible for the failure to meet the 30 percent bumiputera equity target.
"I am embarrassed. I often defend the the NEP, but I realise that many of the opportunities awarded through the policy have been abused by the Malays.
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