Malaysiakini News

If 1MDB debts not part of federal debts, whose debts are they?

Stephen Ng  |  Published:  |  Modified:

COMMENT It is nice, after a weekend away in Hanoi, to read the prime minister’s response to DAP parliamentarian Teresa Kok that 1Malaysia Development Berhad’s (1MDB) debts are not part of the federal debts.

With that answer, all our worries about future generations of Malaysians having to pay the debts can be put to rest. We can now dismiss it as just the fabrication of the opposition. Well done, Mr Prime Minister. I like your reply. It has the same elements of the recent budget speech which brought a lot of excitement to a handful of people.

Reality should wake us up

However, as an ordinary person looking at the 1MDB scandal, I have many questions to ask Najib Abdul Razak, which I hope silence from him would no longer be "golden" any more. He should answer all the questions that have been posed to him, instead of getting others to speak on his behalf.

Running away from reality will not solve the problems that we are now facing as a nation. Najib, I hope you will be bold enough to speak the truth, as you perceive it. For example, if you believe that the country will not have to fork out money to pay back the creditors on behalf of 1MDB, a subsidiary wholly owned by the Finance Ministry, you should state so.

Some of these questions have also been raised by former second finance minister Ahmad Husni Hanadzlah. He was trying to work within the system, to help resolve one of the worst financial black holes this country has seen, but he too is frustrated.

It is not only the opposition or former prime minister Dr Mahathir Mohamad who are asking these questions, but a member of the ruling party himself has raised these questions that I believe as the man behind the creation of 1MDB and prime minister of this nation, you had better answer Ahmad Husni. There are no two ways about it.

Yet, what was asked in Parliament has also become a case under police investigation, and after listening to Ahmad Husni’s speech in Parliament yesterday evening, I do not see any reason for the police to investigate him.

He was merely carrying out his duty as an elected representative of the people, and if even he cannot ask questions in the August House, who else can? Najib, this is a parliamentary democracy, not a police state. In my opinion, it is better for you to bow out, than to see the country burn with the debts that 1MDB has created.

And, now with a new listing of Edra, I am wondering how many people’s money would be burnt. Please do not drag this further. Malaysians can be fooled once, but they would not trust the government of the day, if things continue the way it is perceived today.

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