by FMT Reporters
The people behind 1MDB should be charged in court for sabotage of the Malaysian banking and financial systems, said former Prime Minister Mahathir Mohamad in his latest blog posting. “Since it was Prime Minister Najib Abdul Razak who created 1MDB, to borrow RM42 billion and invested the money to lose it, he should also be charged with sabotage.”
Arul Kanda Kandasamy
1MDB may sell at 5000 per cent above the purchase price, land that it bought at RM60 p.s.f. from the government, and repay the loans, he conceded. “But the fact remains that had 1MDB not been created, the huge sum of borrowed money would not have disappeared.”
For this, he demanded, 1MDB and those responsible must still be charged for abuses of the banking and financial system, the repayment of loans notwithstanding.
The creators of 1MDB and the managers are the people who sabotaged this country, he argued. “The country, before 1MDB, had a good record for financial management and a sound banking system.”
In fact, he added, everyone, from the initial set-up of 1MDB , to the newspaper reporters and the reports to the police should all be charged with sabotage of Malaysia’s financial and banking systems.
Mahathir confessed that he‘s confused by the Attorney General’s (AG) statement that sacked UMNO Batu Kawan Deputy Divisional Chief Khairuddin Abu Hassan and senior lawyer Matthias Chang are being charged with sabotage of the nation’s banking and financial system.
“I assume that their reports to the Police authorities in the UK, Switzerland and Hong Kong, where the transactions took place, are the basis for these sabotage charges which upon conviction may land them in jail for up to 15 years,” said Mahathir.
The former Prime Minister pointed out that the publication by the foreign press of the shenanigans in the investments by 1MDB came out long before Khairuddin’s reports. “These news reports were not casual reports but were very detailed descriptions of what and who were involved,’ said Mahathir. “They were reporting on what is well known to the whole world.
Why were these newspaper reports not satisfactorily rebutted by 1MDB or the Ministry of Finance (MoF)?” he asked. “The impression created about Malaysia’s alleged abuses of the financial and banking systems could result ultimately in the loss of confidence in the country’s political and economic health and its financials.”
But had there been no 1MDB and no RM42 billion being borrowed, stressed Mahathir, the press would not report nor would there be any police reports. “Wouldn’t these press reports then be considered as sabotage?”
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