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Mahathir snubs PM, just wants to see 1MDB funds
Published:  Jun 9, 2015 7:56 AM
Updated: 11:44 AM

Former prime minister Dr Mahathir Mohamad today rejected calls to meet with Prime Minister Najib Abdul Razak in private to discuss their issues and instead called for Najib to publicly prove the funds of 1Malaysia Development Bhd (1MDB) are not lost.

"I don’t think we can resolve the problem of where the 1MDB money has gone through four-eyed meetings.

"Najib can resolve this through proving, beyond reasonable doubt, that no money has disappeared from the RM42 billion borrowed," Mahathir said in a blog posting today.

Last Sunday, Youth and Sports Minister Khairy Jamaluddin ( photo ), who is also Umno Youth chief, proposed the  four-eyed meeting between Najib and Mahathir to resolve their differences.

However, Mahathir said it was not he alone who wanted to know what has happened to the massive loans taken by the Finance Ministry-owned company.

"Actually there are many questions that the prime minister can answer, not to me but to the public.

"The money does not belong to me alone. From the questions asked by so many people, they want to know where their money is," Mahathir said.

Questions Najib must answer to the public

Mahathir then went on to list several questions that he said Najib must answer to the public.

"The intention of 1MDB, I presume, is to make money for the government. Show how much profit the government has made since 2009.

"Why do you have to borrow money to pay interest on the debts? Why cannot the power plant shares be listed?

"Why does 1MDB pay only RM60 to RM90 for government land which it now wants to sell at RM2,000 to RM4,000 per square foot?

"And now the land bought by Tabung Haji (from 1MDB) has been sold to some Indonesians at a loss. The loss will be borne by the pilgrims," he said.

Mahathir added that this concerns public funds as 1MDB is owned by the Finance Ministry. The relevant authorities should therefore hold the company accountable.

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