Wednesday, June 1, 2016

Najib must answer on the misuse of 1MDB funds, says Muhyiddin

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Prime Minister Najib Abdul Razak should bear responsibility for 1MDB’s alleged misappropriation of funds because he was the chairperson of its board of advisers, former deputy prime minister Muhyiddin Yassin said today.
As chairperson of the board, Muhyiddin said, Najib was directly involved in all the decision-makings related to the company’s transactions.

“Because of this misappropriation of funds, 1MDB is now bearing a RM53 billion liability.
“And if it is unable to pay, the responsibility falls on  the government to pay by utilising taxpayers' money.
“In the end, the people have to bear the burden caused by the misappropriation of funds,” Muhyiddin said.
[More to come]

-Mkini

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