In a Facebook posting, Muhyiddin said he had on many occasions, while still part of the Cabinet, expressed his worry about 1MDB’s business model and asked Prime Minister Najib Razak to relinquish his position as chairman of the company’s advisory board.
“I have also asked the company’s board of directors to step down, and to have legal proceedings initiated against them. Only now (after the PAC report) they want to step down.
“The PAC report has just confirmed all my views and fears about 1MDB. Najib looks like he accepts the PAC report now, but dismissed me from the Cabinet for saying the same thing,” Muhyiddin lamented, adding that Najib should be taken to task for his role in 1MDB, as he had been named numerous times in the PAC report.
Muhyiddin also cited several suspicious transactions conducted by 1MDB involving billions of ringgit in missing funds, which resulted in the company being unable to generate sufficient income to repay its debts.
“1MDB needs RM3 billion annually just to service the interest on their debts. With the bulk of the company’s assets sold off, it looks like the government may have to foot the company’s debts. I’m extremely worried that 1MDB’s woes may end up costing the rakyat,” he said.
“To the Cabinet ministers and Najib himself who think the 1MDB fiasco is over, its name cleared and who want the rakyat to move on, stop the drama and quit trying to divert attention.
“The people will never forget the billions swindled from the government’s coffers.”
In his message, Muhyiddin called for 1MDB’s former CEO Shahrol Azral to be hauled up and made to reveal the truth.
Saying Najib should be held fully accountable for his role in 1MDB, the suspended deputy president of Umno added, “Never in our country’s history has a prime minister, who is also the finance minister, made decisions for a public company.
“The misappropriation (of funds) in 1MDB is clear. If Najib had any dignity, he would immediately step down as prime minister.”
