Hornbill Unleashed

January 11, 2017

1MDB tells Dr M they have ‘legitimate’ business operations

Filed under: Politics — Hornbill Unleashed @ 8:01 AM

Since 1MDB's establishment, the foundation has sponsored around RM690 million to deliver more than 60 projects related to education, healthcare, youth development and community services. — Reuters pic 1Malaysia Development Berhad (1MDB) today urged Tun Dr Mahathir Mohamad to stop claiming that the company’s foundation was using “stolen” money to fund pilgrims performing Haj prayers.

Since 1MDB’s establishment, it said, the foundation has sponsored around RM690 million to deliver more than 60 projects related to education, healthcare, youth development and community services.

These projects, it said, have had an impact on the lives of some 2.8 million Malaysians.

“Tun [Dr] Mahathir wrongly claims that the Yayasan 1MDB Haj sponsorship was funded through ‘stolen’ money. 1MDB strongly denies this baseless and unsubstantiated allegation,” it said.

“On the contrary, 1MDB has legitimate business operations, formerly in energy production and more recently, in real estate development. Funds generated from these business operations are contributed to Yayasan 1MDB, which then uses such funds to sponsor the Program Khas Haji,” the state investment fund added.

The former prime minister had recently claimed that Haj performed through the 1MDB Foundation sponsorship would not be “haji mabrur”, or divinely accepted Haj.

He has since come under attack from muftis, who among others, told him not to play God by determining which Muslims deserved to have their prayers accepted.


Source : @ The Malay Mail Online


3 Comments »

  1. How the 1MDB Scandal Spread Across the World

    Comment by jk han — January 13, 2017 @ 4:21 PM | Reply

  2. If what they are doing is legit, why are people in Singapore connected to 1MDB spending time in jail?
    Malaysian leaders are absolutely clueless of what is going on in the world about 1MDB!.. JUST PATHETHIC!

    Comment by Brian — January 11, 2017 @ 11:37 PM | Reply

  3. With 1MDB investigations being carried out by authorities around the globe including Singapore, Switzerland, the U.S. and now Australia, Malaysia appears to be keeping itself firmly in the international consciousness but for all the wrong reasons.

    The reputation of Malaysia has been dragged through the mud on the world stage and the seriousness and scale of the accusations will continue to unsettle foreign investors considering opportunities in Malaysia unless the government takes measures to tackle its declining image.

    While the ruling party continues to put its own interests above that of the people, restoring investor’s faith in the nation will prove a struggle.

    Comment by jk han — January 11, 2017 @ 11:18 AM | Reply


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