Saturday, February 4, 2023

Najib: Don’t blame the country’s finances on 1MDB debts, not a single sen of public funds used to repay 1MDB debts

NewsNajib: Don't blame the country’s finances on 1MDB debts, not a single...

With the trials relating to the 1MDB ongoing in the United States, former Goldman Sachs banker Tim Leissner had made several revelations, where a lot of them were linked to the former Prime Minister Datuk Seri Najib Razak’s alleged involvement in the misappropriation of the fund.

Yesterday (2 March), Najib has once again become the centre of attention in the Parliament after he claimed that not a single sen of public funds have been used to repay 1MDB debts.

He also said that the government has failed to repay much of the 1MDB debts and that the government should not blame the country’s financial situation on the 1MDB debt.

Najib then mentioned that the various entities, including Goldman Sachs, audit firms KPMG and Deloitte, Ambank and the US Department of Justice (DOJ), had returned 1MDB funds totalling RM23 billion to Malaysia.

Source: The Star

“Let’s not give the excuse that the 1MDB debt has damaged the country’s finances. The fact is not a single sen has been used in repaying the principal amount of 1MDB fund in 2018.” he said.

Najib added that the 1MDB debt stood at RM32 billion in 2018 and it remained the same from 2019 to 2021. “So, it is not correct to suggest that the people have to pay or bear the 1MDB debts.” he said.

“We received RM16 billion (settlement) from Goldman Sachs.”

Source: The Star

The debate in the Parliament heated up with other MPs criticising him for his alleged involvement in the country’s debt.

Shah Alam MP Khalid Abdul Samad interrupted Najib’s speech and told the Parliament that the reason why Goldman Sachs offered the settlement was because of their involvement.

“Why did Goldman Sachs pay up? Because they lied, and they’re part of it as well. You think that they’re giving them money for free?” Khalid said.

Najib then said that the opposition MP are disrupting his speech but Khalid slammed him saying, “You have disrupted the country much more than we are disrupting you. The effect that you have had on the country and the economy is devastating.”

Following that, Jelutong MP RSN Rayer sarcastically asked Najib whether or not he knows who Jho Low is. “I want to ask on behalf of the rakyat. You stole the people’s money,” he said.

On social media, netizens were quick to condemn Najib for his statements.

“Najib is wrong. As of September 2021, there are over RM39 billion outstanding debt and interest that has to be paid.” a netizen shared.

“Our country is joke. A full blown 1MDB investigation is ongoing and gruesome, dirty details are coming out. The perpetrator behind ALL of that is still a MP, widely supported and can proudly speak in parliament time. I am so disgusted at the gutter politics we have here.” another netizen said.

What do you think about this? Share your thoughts!

Trending now

- Advertisement -

Subscribe to our newsletter!

Recommended for you