Thursday, April 7, 2016

Statement on PAC report by Salleh Said

The report by the Public Accounts Committee (PAC) proves that allegations by former premier Tun Dr Mahathir Mohamad against Datuk Seri Najib Tun Razak are false, said Datuk Seri Dr Salleh Said Keruak.

Here is the statement of the Communications and Multimedia Minister in full:

The Public Accounts Committee’s report on 1MDB has confirmed that the accusations of wrong-doing made against the Prime Minister by Tun Mahathir’s Anti-Najib Campaign were false. ‎

Specifically, it has been proven that the allegations made by Tun Mahathir that 42 billion was missing from 1MDB were completely baseless. No monies are missing, misappropriated or unaccounted for.

There may have been poor business strategy, but there is no evidence of criminal acts.

So it is clear that Tun Mahathir’s campaign to change the Government outside a general election, based on allegations of wrong-doing at 1MDB, has failed.

In fact, 1MDB has successfully managed to do a rationalisation exercise, because the assets of 1MDB are greater than its liabilities. This is in contrast to Proton, which needs a government bailout of around 2 billion to survive.

The irony is that while Tun Mahathir has been making false accusations that 1MDB is facing financial collapse, it is Proton – under his leadership – that is actually facing financial collapse, if the government doesn’t choose to bail it out.

Tun Mahathir, and the rest of his Anti-Najib Coalition, should be held accountable for the damage they have caused to Malaysia’s reputation.


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