Ex-Treasury sec-gen aware of missing RM18 billion?

Finance Minister Lim Guan Eng says there is wrongdoing by the previous administration.

KUALA LUMPUR: Finance Minister Lim Guan Eng today claimed that a former Treasury secretary-general was likely aware of a shortfall of RM18 billion in a trust fund where goods and services tax (GST) refunds were supposed to be deposited by the government.

Confirming that there was wrongdoing by the previous administration leading to the shortfall, he said investigations were ongoing.

When asked if former prime minister Najib Razak was implicated in the matter, Lim declined to comment in detail.

“Najib is already facing multiple charges, so I don’t want to comment on this until the investigations are completed,” he said at the Parliament lobby.

When pressed for more details, Lim said the former Treasury secretary-general was likely aware of it.

“He has the power and has authorised all the documents, how can he not know this happened?” he said.

Earlier today, Lim revealed that there was a shortfall of RM18 billion in a trust fund where GST refunds were supposed to be deposited by the government.

He told the Dewan Rakyat that the previous government robbed the rakyat of their money, which was abused or given to their cronies.

“They did not keep their trust. It’s a huge abuse. Some of the money was used for their cronies,” he said, adding that the present government does not have the money to pay the rakyat the GST refunds although they had been claiming for the refunds since April, 2015.