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Muhyiddin
Published: 8 May 2015 8:19 PM
Deputy Prime Minister Tan Sri Muhyiddin Yassin says the 1MDB scandal may explode on
Umno. The Malaysian Insider filepic, May 8, 2015.Deputy Prime Minister Tan Sri
Muhyiddin Yassin has openly criticised the government's handling of the 1Malaysia
Development Berhad (1MDB) scandal and warned that the issue was so serious that it might
explode.
He told reporters following him on a working visit to Milan, Italy, that the debt-ridden 1MDB
was the biggest factor that led to Barisan Nasional's (BN) loss in the Permatang Pauh byelection yesterday.
The Umno deputy president admitted that he was not even able to explain the scandal when
campaigning because, "I don't even know what to say".
"The rakyat wants to know, not just Tun Dr Mahathir Mohamad. The rakyat wants to know
why no one has been charged, why the 1MDB board has not been sacked, and about the
position of the CEO and the prime minister as adviser," said Muhyiddin.
He said the situation was toxic and might have a huge adverse impact not just on the people,
but Umno as well.
Dr Mahathir, the country's longest-serving prime minister, has criticised 1MDB and urged
Prime Minister Datuk Seri Najib Razak to step down over the state investment arm's "vanished
funds".
He had said he would not forgive Najib for the RM42 billion that 1MDB had incurred as debts,
and raised concerns over 1MDB's business deals, including its purchase of several power assets
and government-owned land.
Muhyiddin had also spoken on 1MDB on the past. On March 6, he said public funds should not
be used to bail out 1MDB, adding that its board of directors should also be responsible if any
wrongdoing was found.
He also said the Public Accounts Committee could start their own investigations into the
strategic investment company, cautioned the 1MDB management to ensure that whatever plans
they proposed would not put the government in a "difficult situation".
In the latest controversy surrounding 1MDB, Tabung Haji, a savings fund for Muslims
planning pilgrimages to Mecca, yesterday said it bought a parcel of land from the state
investment vehicle's Tun Razak Exchange (TRX) project for RM188.5 million, which it said
was a "discounted" price.
It planned to build a residential tower at the site.
The investment is a commercial decision which fits with Tabung Haji's risk appetite and went
through all internal process accordingly," Tabung Haji chief executive officer Datuk Johan
Abdullah said in a statement immediately after news of the controversial purchase was posted
on a blog. May 8, 2015.
- See more at: http://www.themalaysianinsider.com/malaysia/article/1mdb-scandal-couldexplode-on-umno-says-muhyiddin#sthash.H80TCru5.dpuf
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In the absence of a clear and full picture on 1MDB and its ramifications and impact, the
people cannot be blamed for harbouring reservations and negative thoughts.
The question is why is 1MDB's operation shrouded in secrecy? Latest example being
the Tabung Haji purchase of 1MDB's land; why was it not done in the open? Why does
TH have to buy a land that belongs to the government from 1MDB?? And at a bloatef
price? Something is very wrong and fishy indeed! And the police is now brought in to
threaten those who "exposed" the land sale. Why should the "transaction" be considered
a secret in the first place? If there is nothing to hide, why does TH top management
have to make a police report at all about the "expose"? That itself imply something
fishy us going on! The police should investigate that instead.
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