KEPALA BATAS – The proposed shutting down of 1Malaysia Development Bhd (1MDB) after its debts are paid, as announced by the government, should not be a laughing matter or turned into an issue, said UMNO Information chief Tan Sri Annuar Musa.
He said that in implementing its rationalisation plan, 1MDB had settled part of its debts, leaving no more short-term debts and the company managed to resolve the problems faced.
“Based on the recommendations made in the Public Accounts Committee (PAC) report, the landed assets especially had been transferred to the Minister of Finance Incorporated which means 1MDB may be regarded as a holding company and no longer an active company.
“1MDB was established with good intentions but it later received brickbats, was slandered and criticised, so from the start it had been difficult to operate,” he said referring to the announcement that 1MDB would shut down after the 14th General Election.
Annuar spoke to reporters after a talk show last night which featured Kepala Batas Member of Parliament Datuk Seri Reezal Merican Naina Merican, who is the deputy foreign minister, and Pendang Member of Parliament Datuk Othman Abdul as panellists with Annuar as the moderator in Permatang Langsat here.
He said that with all the slander, there was no point in carrying on with the business and as such a business decision, not a political decision, had to be made.
Last Tuesday, Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah, who is also 1MDB chairman, announced that the company would cease operation as soon as it settled all its debts. – BERNAMA