In a blog posting today, Dr Mahathir attempted to defend some of the ill-fated decisions of his 22-year administration in a bid to counter the argument that he should not criticise Najib’s policy mistakes such as the 1Malaysia Development Berhad scandal.
“I admit that during my time there was also loss of the country’s funds. But the public and the world knows how the money went missing,” Dr Mahathir wrote in his blog posting today.
He then went on to briefly explain some of the financial scandals of his tenure such Perwaja Steel, Bank Bumiputera Finance and the Maminco affair, which cost the country billions in losses.
“What is clear is that the country knew where the money was being invested in during my time. In business there are times when you make profits and times when you accrue losses.
“What cannot be accepted is that the money vanishes without a trace,” he wrote.
- TMI
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