Reforms will ensure no repeat of 1MDB even if PH out, says Kadir

A Kadir Jasin.

KUALA LUMPUR: The government is putting in place enough checks and balances as well as reforms to ensure there will not be a repeat of any 1MDB-like scandal, says the Prime Minister’s media adviser A Kadir Jasin.

“Even if this government gets kicked out in the coming election, I hope and I think you must make it happen that the reforms cannot be rolled back.

“So, that is the thing that the government has done,” he said at a panel discussion during the annual convention by the Institutional Investors Council Malaysia (IIC) and Securities Industry Development Corporation (SIDC).

Kadir said corrective measures are also being taken to restructure poorly managed government-linked companies (GLCs).

“There are very good GLCs and also some very poorly managed GLCs. We have seen in the case of one or two, which are agencies rather than companies, where civil cases are being taken against the chairman, board members and senior managements.

“I think this should send a strong signal to the corporate sector, particularly the GLCs, that the government will not tolerate any hanky-panky in the management of these companies,” he added.

Kadir said the government is making progress in fulfilling its promises made during the May 2018 general election.

He said as of September this year, more than 100 out of 400 promises have been fulfilled.

“The outcome of nine by-elections, parliamentary and states, since May 9 has been 50-50, PH won five, BN won four, so its equal.

“We still have a couple of things to fulfill to make governance and integrity measures more concrete,” said Kadir.