1mdb Can Still Be Profitable If Asset Value Maximised Najib Says

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PARLIAMENT | Najib Abdul Razak today said that 1MDB would be able to make profits if the Pakatan Harapan government strives to develop and maximise the value of the state investment firm's assets, such as the Tun Razak Exchange (TRX), Pulau Indah and Bandar Malaysia
The Pekan MP said such efforts need to be implemented, besides holding friendly negotiations to get back the allegedly missing funds
“If implemented with positive measures to maximise its asset value, 1MDB will be able to make profits even after settling their debts,” he said when debating the Supply Bill 2019 at the Dewan Rakyat here today
The former prime minister also questioned the government’s refusal to disclose all documents relating to 1MDB deal with International Petroleum Investment Company (Ipic) to the public, claiming that doing so would prove that Malaysia’s assets are still intact
“Two weeks ago, Harapan issued a statement saying that they wanted to cancel the settlement deal with Ipic and would not be paying the remaining US$4.5 billion allegedly owed to IPIC.“It’s weird when the Ipic replied and clearly said that 1MDB did not owe them anything, as if they were saying that the Harapan government was lying,” he said
Prior to this, Finance Minister Lim Guan Eng was reported as saying that the government could not disclose the documents relating to the settlement deal between Ipic and 1MDB, as doing so would be sub judice as the matter is now with the courts
- Bernama

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