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Tuesday, April 7, 2015

Dr Mahathir says his financial mistakes not as bad as Najib’s

Tun Dr Mahathir Mohamed conceded that he lost public money during his time as Prime Minister. – The Malaysian Insider filepic, April 7, 2015.Tun Dr Mahathir Mohamed conceded that he lost public money during his time as Prime Minister. – The Malaysian Insider filepic, April 7, 2015.In a rare admission of his past policy mistakes, Tun Dr Mahathir Mohamed conceded that he lost public money during his time as Prime Minister, but stressed that these were not as bad as the billions going missing under the current administration.
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.
“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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