Dr Mahathir admits country lost money when he was PM

Dr Mahathir admits country lost money when he was PM
File photo of former Malaysian prime minister Mahathir Mohamad speaking during an interview at his office in Kuala Lumpur.

PETALING JAYA - Tun Dr Mahathir Mohamad has admitted that the country lost money when he was Prime Minister.

"But the people and the whole world knew how that money was lost," he said in a posting on chedet.cc Tuesday.

Dr Mahathir said the reasons for the losses made by Perwaja Steel, Bank Bumiputra Malaysia Finance and Maminco were known.

He also wants an explanation on allegations of his involvement in the Forex and Konsortium Perkapalan ventures and how they caused the Government to lose money.

"The country knew where the money were invested during my time. In business, there is profit and also sometimes losses. What cannot be accepted is money that goes missing," he said.

Dr Mahathir was Prime Minister from 1981 to 2002.

The former prime minister pointed out that the ringgit had dropped by 70 sen recently, causing losses worth billions to the country.

"But when the ringgit was saved from foreign currency speculators, billions of government money was saved. Many businessmen who were bankrupt or almost bankrupt were saved in 1998. But forget that because that happened during my time," he said.

He, however, said there was no good reason why the 1MDB had debts amounting to RM42bil (S$15.7 billion).

1MDB, established by the Govern­ment in 2009 to drive strategic investments, has come under heavy criticism for accumulating debts.

Dr Mahathir also questioned the role of Low Teik Jho, also known as Jho Low, in 1MDB and said that comparison couldn't be made between Low and former Finance Minister Tun Daim Zainuddin.

"I am not accusing Datuk Seri Najib (Tun Razak). I am asking questions because the debt of billions has to be borne by the people. Those who accuse me of saying that I have my own agenda or that I did the same during my time have not provided the answer as well," he said.

He said that when he resigned, there were efforts to find evidence that he swindled the Government of money.

"I have no problem if they want to investigate me again," he said.

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