The documents released by the Finance Ministry today prove that Prime Minister Anwar Ibrahim does not understand the documents he signs, according to Pagoh MP Muhyiddin Yassin.
As no apology is forthcoming from Anwar, the former prime minister said he has also instructed his lawyers to proceed with the defamation suit against him.
“The sukuk (Islamic bonds) document revealed today shows Anwar does not understand the contents of the documents he signs as finance minister.
“This is dangerous. Who knows what other documents or agreements he has signed in his capacity as prime minister and finance minister where he does not know or understand the contents?
“Clearly, Anwar is incompetent to remain as prime minister. The longer Malaysia is administered by Anwar’s ‘Madanon’ government, the greater the harm to the rakyat,” he said in a statement today, in an apparent jibe against Anwar’s ‘Madani’ slogan.
Earlier this month, Anwar had claimed that an initiative under Muhyiddin’s administration to forgive Felda settlers’ debts in 2021 never materialised, as there was no allocation in the 2021 and 2022 federal budgets to waive the RM8.3 billion in debt.
“Only in the Madani budget for 2023, I provided an early allocation of RM990 million to waive Felda settlers’ debts of RM8.3 billion,” he said, adding that he has signed off on the relevant document in late June.
Muhyiddin denied Anwar’s claims and challenged him to reveal the document he purportedly signed in June. He also demanded an apology, failing which he will sue Anwar for allegedly defaming him.
‘Sukuk, not waiver’
Earlier today, Anwar released an assignment for Financial Service Reserve Account (FSRA) providing Felda with a government guarantee, as well as a sukuk issuance order.
In a separate statement, the Finance Ministry reiterated that the agreement was to give an RM9.9 billion government guarantee to Felda to restructure its debts through sukuk issuances and credit rounds.
It said the government would finance the buyback of the sukuk through the issuance of RM990 million in grants each year for 10 years.
The ministry added that the first issuance was done on July 18 - as per the document furnished today.
In June, the ministry is reported to have said that the government guarantee is a major part of restructuring Felda’s loans, which reduces its interest payments and enables it to cancel 80 percent of the RM8.3 billion settlers’ debt implemented in 2021, the ministry said.
However, Muhyiddin said the document released today shows he was telling the truth and it was Anwar who had lied and slandered him.
“The document he put forward is not about waiving Felda settlers’ loans. It is about sukuk.
“I have explained time and time again that the document Anwar signed is about sukuk and not forgiving Felda settlers’ debt,” he said. - Mkini
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