Saturday, October 24, 2015

1MDB’s RM3 billion request showed depth of troubles, says Muhyiddin

Former deputy prime minister Tan Sri Muhyiddin Yassin today said he realised the seriousness of 1Malaysia Development Berhad's (1MDB) controversy after the debt laden firm sought a RM3 billion cash injection from the Cabinet earlier this year, which was rejected. "That was when I realised how serious this was. They just received RM2 billion from Tan Sri Ananda Krishnan and now they were seeking RM3 billion from the cabinet," Muhyiddin said in his speech during a "Bicara Minda" dialogue organised by publisher Karangkraf and Sinar Harian in Johor Baru today. Muhyiddin, who was dropped as Datuk Seri Najib Razak's deputy in July, said he expressed his concerns to the prime minister after seeing the proposal. Najib is also the finance minister and chairman of 1MDB's advisory board. – October 24, 2015. MORE TO COME]]>

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