Wednesday, October 21, 2015

Najib: 'Strictest action' against 1MDB wrongdoers

Datuk Seri Najib Tun Razak promised that the "strictest action" would be taken against anyone found guilty of wrongdoing in the 1Malaysia Development Berhad (1MDB) investigations.

"Rather than conduct a trial by media, we must wait for the outcome of these investigations, and if any evidence of wrongdoing is found, I can assure you that the strictest action will be taken against those responsible," he said in his opening remarks at the Global Transformation Forum (GTF2015) Wednesday.

Najib added that there were a number of investigations - some in Malaysia, which he himself had ordered - and others by international authorities, which he welcomed.

"1MDB is in the midst of implementing a rationalisation plan which, if allowed to continue unimpeded, will allow the company to pay off its outstanding debt and resolve the cash flow issues it is currently facing," he said.

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