RM400MIL OF MALAYSIA’S PRECIOUS MONEY & YET ‘MO1’ NAJIB CLOSES BOTH EYES TO SAVE HIS OWN SKIN: MAHATHIR REBUKES CABINET OF THIEVES, VOWS TO CLAIM BACK RM400MIL FROM SWITZERLAND

PAKATAN Harapan would claim the RM400 million frozen by the Swiss government if it won the 14th general election, said Dr Mahathir Mohamad.

The PH chairman said Malaysia had the right to the money and could claim it.

“When we head the government, we will reclaim the money. The Swiss government will not steal the money. We have the right to demand the money (that was confiscated) in Switzerland, Australia, Singapore and the United States.

“It’s our money. They (Switzerland) will not return the money to the government now. But it will be returned to us after we (PH) form the government,” he said in a press conference in Kuantan, today.

Zurich-based national daily Tages-Anzeiger recently reported that the Swiss government was looking to absorb the 95 million Swiss francs (RM400 million) linked to 1Malaysia Development Bhd that was seized from several banks after the financial scandal was affirmed by the United States Department of Justice in 2015.

In November 23 last year, more than 100 NGOs, including Bersih 2.0 and Centre to Combat  Corruption and Cronyism, launched a campaign urging the Swiss government to repatriate the money back to Malaysians.

The funds were seized by Swiss authorities investigating allegations of money laundering.

Meanwhile, Dr Mahathir said the closure of 1MDB meant that its debts would be transferred to the Finance Ministry.

Treasury secretary-general Irwan Serigar Abdullah yesterday announced that the state investment fund would be closed once its debts were settled.

Irwan said the debts would be paid from revenue obtained from the government’s mega projects such as the Tun Razak Exchange, East Coast Rail Link, and the second Mass Rapid Transit project

Dr Mahahtir, however, said the rationalisation plan was unlikely to offset the debts and would cause problems for the Finance Ministry .

“How is he going to pay the debts? RM42 billion. How do we know the source of (the money) to pay off the debts? He is (now) going to transfer the debt to MOF (Ministry of Finance). Now MOF also has no money to give.”

– https://www.themalaysianinsight.com