KUALA LUMPUR: Koperasi Jayadiri Sdn Bhd (Kojadi) has written to the Malaysian Anti-Corruption Commission (MACC) regarding details of a RM15mil grant received from Yayasan 1MDB in 2012 to provide microcredit for youth, says Datuk Seri Dr Wee Ka Siong (pic).
The MCA president pointed out that under current laws, funding could be received in the form of grants although this must first be approved by the Cooperatives Commission.
"And this was approved," he told reporters at Parliament lobby Thursday (July 11).
"Suddenly, this government is saying that the funding is a form of income," he added.
Dr Wee said the cooperative, formed by MCA in 1981 to provide student loans for higher education, had already paid RM1.03mil in income tax voluntarily to the Finance Ministry.
The MCA leader, in an earlier report, had questioned how the money Kojadi received from Yayasan 1MDB was considered illegal when RM1.03mil was already paid as income tax.
"If it paid taxes, how is the fund illegal?" Dr Wee had asked.
He added that funds from Yayasan 1MDB had helped millions of Malaysians, the recipients including more than 57,000 fishermen, thousands of whom performed the haj and umrah in Mecca, farmers, taxi drivers, and UEC scholars.
"Will these recipients be asked to return the money next? They are all from the same source. Why the double standards?" he asked.
At the Parliament lobby, Dr Wee asked why the focus was on Yayasan 1MDB when the funding could also come from the corporate sector.
"I am disappointed by all the assumptions made by the Finance Minister," said Dr Wee, who called the allegations "malicious".
He also said the accusations made by minister Lim Guan Eng were baseless, refuting claims that the funds from Yayasan 1MDB were derived from former Prime Minister Datuk Seri Najib Tun Razak's personal accounts.
"The funds from Yayasan 1MDB came from many sources, some were corporate as well. It is not from Najib's account. This is totally different.
"Guan Eng should ask the Kojadi board members," he said.
Dr Wee said that MACC's recent filing of civil forfeiture suits to recover funds linked to 1MDB was in relation to SRC International Sdn Bhd and Datuk Seri Najib Razak's personal accounts.
In the Dewan earlier, Lim had said the Government would look into possibilities that Kojadi had received other sources of funding under the Finance Ministry during the previous Barisan Nasional administration.