1MDB business model too idealistic, says Najib


How do you view the 1MDB issue, which continues to be contentious?

Najib: The business model was too idealistic previously and its investments in Edra Global Energy did not meet its fast IPO listing target, hence it became saddled with large debt financing. Bank Negara has come out to say there is no systemic risk related to 1MDB. In other words, even if it fails, the financial effects are containable.

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