Posted by MrNobody > 2015-05-24 14:08 | Report Abuse

Dr M wants Najib investigated for lying over 1MDB funds in Singapore bank

Tun Dr Mahathir Mohamad has fired another salvo at embattled Datuk Seri Najib Razak, saying the prime minister had "lied" over the status of 1Malaysia Development Berhad's (1MDB) US$1.103 billion (RM3.6 billion) which was said to have been kept at the BSI Bank in Singapore.

Posted by MrNobody > 2015-05-24 14:16 | Report Abuse

Tun Dr Mahathir Mohamad says Prime Minister Datuk Seri Najib Razak s statement in March that 1MDB s funds in cash were kept in the BSI Bank is an offence under the law. – The Malaysian Insider pic, May 24, 2015.Tun Dr Mahathir Mohamad has fired another salvo at embattled Datuk Seri Najib Razak, saying the prime minister had lied over the status of 1Malaysia Development Berhad s (1MDB) US$1.103 billion (RM3.6 billion) which was said to have been kept at the BSI Bank in Singapore.
In referring to Najib s parliamentary reply on the matter earlier this week, the former prime minister said any cover up or attempting to hide a mistake in government affairs was an offence under the law.
He said it comes under Section 218 of the Penal Code and felt that the police should investigate the matter.
I am very sad that I cannot avoid from saying that the prime minister had lied. The first lie was that no cash from 1MDB was repatriated back.
Secondly, there was no cash in BSI Bank in Singapore. It was clear from the latest reply that there was no cash totalling USD1.103 billion that was in BSI Bank but documents that were kept in it.
What are the documents is unclear but what is known is that it is clearly not cash, he wrote in his blog today.
In the parliamentary reply to Tony Pua (DAP-Petaling Jaya Utara), Najib had said the balance of the investment redeemed by 1MDB were assets in US dollars.
Najib had, last March, in a parliamentary reply to Pua said that the redeemed money was in cash form. – May 24, 2015
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Posted by excel > 2015-05-24 14:27 | Report Abuse

1MDB = One Malaysia Dah Bangrupt