Most Read
Most Commented
mk-logo
News
Why isn't PM interested in who swiped 1MDB's US$3.47b, asks Husam
Published:  Jun 15, 2016 2:20 PM
Updated: 10:56 AM

Former PAS vice-president Husam Musa questioned why Prime Minister Najib Abdul Razak and his government did not appear keen on finding out where 1MDB's US$3.47 billion had gone to.

This is after the International Petroleum Investment Company (IPIC) yesterday announced it was taking 1MDB and the Ministry of Finance Incorporated (MoF) to international arbitration to recover the money as well as other compensations totalling US$6.5 billion.

Husam noted that 1MDB chief executive director Arul Kanda Kandasamy had raised the possibility of fraud after the firm transferred US$3.47 billion to Aabar Investments PJS Limited (BVI) instead of IPIC's subsidiary, which also had a similar name - Aabar Investments PJS.

"If Arul claimed there were criminal elements over the wrong payment of such a huge amount, what was his action?

"Police report? Reporting to the prime minister? What was the prime minister's response? Did he instruct police to investigate?

"What is the finance minister's action, who is also the prime minister, to recover the money? Why does he not act? Was this planned from the beginning?" the Alor assemblyperson said in a statement today

Husam (photo) noted that Najib had the final say in decision-making when he was the 1MDB board of advisers chairperson, based on the company's memorandum of articles and association.

He asked why Najib has yet to take action on the 1MDB executives named in the Public Accounts Committee (PAC) report.

"Without blessing from the top, (former 1MDB CEO) Shahrol Azral Ibrahim Halmi would not have possibly dared to commit such a huge crime.

"If it is true that this was planned, did the huge sum of US$3.47 billion return to the hands of the conspirators?" he said.

Husam said the two sacked IPIC executives, Khadem al Qubaisi and Mohamed Al Husseiny, would likely be able to shed light on the matter as they were part of the plan on the Abu Dhabi side.

But he said the prime minister did not seem interested to learn where the money had gone to, as Malaysian authorities had not been instructed to question the two.

Husam said Malaysians could no longer expect the country to be defended by its own people.

However, he said IPIC's legal action against Malaysia was a blessing as it would help shed light on the case.

"For those who have sinned against the people and this country, finally, your days are numbered," he said.

ADS