Malaysia’s name unfairly dragged through the mud by false allegations, says Najib

Oh, for heaven's sake, don't you think it's time to sue those buggers??

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB)'s assets are "real" and more than its liabilities, Prime Minister Datuk Seri Najib Abdul Razak said today.

This can be seen from the prices they are fetching, he said when delivering his keynote address at Invest Malaysia 2016.

"The uses to which some of those assets will be put will be evident in the future, when two vibrant new centres will spring up in Kuala Lumpur, at the Tun Razak Exchange not far from here, and at Bandar Malaysia, south of the city.

"In the years to come, they will be the real legacy of 1MDB. They will be what is remembered. And history will show that the shameful politically-motivated allegations made to unseat a democratically-elected government were false," Najib added.

He said these quarters had their own agendas and personal interests, which they had placed above the interests of the country.

"They have been airing all sorts of wild allegations, including about 1MDB, for instance. So let us be totally clear about that," said Najib, who pointed out that the Public Accounts Committee's report submitted to Parliament last week had identified weaknesses in 1MDB's structure and management.
"But the report also shows that the allegations of RM42 billion going missing, as some claimed, are false.

Completely false. Malaysia's name has been unfairly dragged through the mud," he added.
Najib said there has been, and will be, accountability in Malaysia, as the success of government-linked companies (GLCs) and the years of consistent growth would not be possible without it.
"As I said last week, we must ensure that lessons are learned, and action will be taken if any evidence of wrongdoing is found. In addition, 1MDB's board of directors have offered their resignation," he said.

Najib said the rationalisation process at 1MDB is working and substantial debts have already been cleared, including the recent repayment of a RM950 million standby credit facility provided by the government last year.

[Source: The Sun Daily]