Get PAC to probe 'missing' RM150bil, says Najib

  • Nation
  • Tuesday, 15 Oct 2019

KUALA LUMPUR: Datuk Seri Najib Razak has challenged the Pakatan Harapan government to order the Public Accounts Committee to probe claims that the previous Barisan Nasional administration had "stolen" RM150bil.

"What are the details behind the RM150bil figure?

"How did 1MDB's debt suddenly jump from RM32bil, along with its assets, to RM150bil?" asked the Pekan MP when debating Budget 2020 in the Dewan Rakyat on Tuesday (Oct 15).

"So, I propose that PAC is ordered to investigate the missing RM150bil immediately.

"And if this turns out to be untrue, action should be taken against Bagan (MP Lim Guan Eng) and stop him from making the budget speech his political platform," said Najib.

On Sept 13, Lim had said the government wanted to fulfil its promise of giving 20% of oil royalty to Sarawak instead of the current 5% but was unable to do so as the country had been saddled with huge debts left over from the previous Barisan administration.

"And you are looking at funds of RM150bil. It is not a small sum. 1MDB, those related to 1MDB and non-1MDB related scandals - all involve sums amounting to RM150bil," Lim was reported as saying.

Najib also asked Lim to explain why the Pakatan government did not reveal that it had sold part of the TRX project at the price of RM7.41bil in April.

Najib accused Lim of using the Budget 2020 speech as his political speech when he came up with figures to pay the debt of 1Malaysia Development Berhad (1MDB) and SRC International Sdn Bhd.

"The Bagan MP had announced the debt cost but for the revenues and results of development from 1Malaysia Development Berhad (1MDB) - he refused to mention.

"The fact is that the development value for Bandar Malaysia is worth RM140bil while the Tun Razak Exchange (TRX) is worth RM40bil, which the Bagan MP himself had previously mentioned was one of the best assets of the country but is ashamed to say so," said Najib.

Najib also said the stock market had plummeted by 350 points from some 1,900 points before the 14th General Election.

"Due to this, some RM300bil had gone from Malaysia.

"We are now among the worst in the world. We are far behind our neighbouring countries. Even stock markets of countries such as Zimbabwe and Venezuela are far better than Malaysia in 2019," said Najib.

He also called on the government to stop selling its national assets as these would give returns in the long term.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Next In Nation

Muhyiddin: Social Welfare Dept will continue to be empowered
Covid-19: Teachers, students in SRJK (C) Bukit Beruang to undergo 10-day quarantine after pupil tested positive
Middle-aged hiker dies after fainting at Penang Botanical Gardens
Police expose 19 distributors involved in imported meat cartel activities
Eight areas in Tawau placed under EMCO from April 12-25
Municipal councils in Melaka will allow Ramadan bazaars with strict SOP compliance
Dentists outside Klang Valley still waiting for Covid-19 vaccination, says association
Ismail Sabri: 208 detained for SOP violations on Saturday (April 10)
Health DG: Eight new Covid-19 clusters identified, five linked to workplaces
Cops arrest 60 drug addicts in several raids in Langkawi

Stories You'll Enjoy