Hornbill Unleashed

April 2, 2017

1MDB: Muhyiddin wants more answers from Najib

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

muhyidin-najib1Muhyiddin Yassin, who was dropped as the deputy prime minister in 2015 for criticising 1MDB, today hit out at Prime Minister Najib Razak for stating that the state investment arm had settled all its debts in 2015 and 2016.

In a statement, the PPBM president said that Najib, who is also the finance minister, had failed to explain several other matters, including how much 1MDB still owed and if it would be able to settle all its debts without the government’s assistance.

Muhyiddin also wanted to know how 1MDB would generate income to settle its debts now that it had liquidated its assets.

“The recent statement made is meant to fool the people into thinking that 1MDB is debt free.”

On Thursday, Bernama reported the finance ministry as stating that 1Malaysia Development Bhd did not have any bank loans or short-term loans currently.

In a written reply at the Dewan Rakyat, the ministry said 1MDB had fully settled all its debts in 2015 and 2016.

“1MDB had received RM10.97 billion in cash in 2015 and 2016 through the sale of assets of Edra Global Energy Sdn Bhd, the sale of equity in Bandar Malaysia Sdn Bhd and sale of land in the Tun Razak Exchange project,” it added.

The written answer was in reply to a question from Er Teck Hwa (DAP-Bakri), who asked the finance minister to state the number of workers, cash, debts and assets of 1MDB in the country and overseas in 2015 and 2016.

Muhyiddin’s statement comes a day after Tony Pua criticised Najib for not throwing more light on 1MDB’s debts.

The DAP MP said Najib had “deliberately omitted crucial details, calculated to present an alternate reality for the media and the rakyat”.

Muhyiddin – who was subsequently sacked from Umno for criticising Najib, its party president – said that there were still many questions that Najib must answer.

He said as the PM, finance minister and the chairman to 1MDB’s board of advisers, he must give full and transparent answers.

Source : @ FMT Online



  1. Pak Lah must be laughing at this malaiyu 1st EX-dpm…lol

    Comment by tiuniamah — April 7, 2017 @ 9:44 AM | Reply

  2. you also NEVER answer the Cowgate scandal involving rn25Omillions…..tiu

    Comment by tiuniamah — April 2, 2017 @ 3:39 PM | Reply

  3. Nothing doing , catch me if you can ,the fox who stole the chicken still running before the hunters

    Comment by Salim — April 2, 2017 @ 3:20 PM | Reply

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