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Published: Friday August 22, 2014 MYT 12:00:00 AM
Updated: Friday August 22, 2014 MYT 6:54:31 AM

PKR: No plot to weaken economy

PETALING JAYA: Leaked documents detailing PKR’s alleged plot to weaken the economy in the run-up to the 14th general election, which is due to be held in 2018, has gone viral in the social media.

PKR, however, has denied there was such a plot.

The leaked seven-page “Kajang Move” executive summary revealed purported plans to systematically choke the economy and attack the share market to weaken the ringgit, thus forcing the authorities to increase the base lending rate.

And six months before the general election, conglomerates would purportedly be used to increase the price of certain merchandise by 20%.

Other action plans include increasing inflation rate and rate of unemployment, getting foreign multi-national companies (MNCs) to buy the ringgit and pressuring Bank Negara into giving an assurance that there would be enough cash flow for domestic use.

Following the dissolution of the (current) Parliament, the stock market would plunge to rock bottom to erode investor confidence.

The MNCs would help with phase two of the currency onslaught by selling large amounts of ringgit to bring down its value against the US dollar.

It also claimed that 27.25% of Syabas (water management company) would be sold to Singapore’s Temasek Holding for RM2bil.

The document also stated that RM1.5mil would be channelled to Institute of Strategic and International Studies (ISIS) to initiate the campaign to paralyse the economy.

PKR communication director Fahmi Fadzil claimed the documents, purportedly prepared by party strategic director Rafizi Ramli, were false and defamatory.

Fahmi claimed Rafizi’s actual “Serampang Kajang” strategy was available on his blog.

Rafizi expressed shock that even those leaning towards Pakatan Rakyat were circulating the alleged fake documents.

He also claimed the writer was confused with the government think tank ISIS and the militant group ISIL (Islamic State of Iraq and the Levant).

Tags / Keywords: Politics, Government, PKR, kajang Move, rafizi ramli, fahmi, documents, economic onslaught, Selangor, MB, Mentri Besar, crisis, Khalid Ibrahim

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