Najib: If I were a rich man I’d buy 1MDB ‘goldmine’
KLANG — Prime Minister Najib Razak denied today (May 16) claims that a large portion of some RM42 billion in debt accumulated by 1 Malaysia Development Berhad (1MDB) is unaccounted for, saying it is locked in with the value of two major development projects spearheaded by the state-owned fund.
Mr Najib Razak. TODAY file photo
KLANG — Prime Minister Najib Razak denied today (May 16) claims that a large portion of some RM42 billion in debt accumulated by 1 Malaysia Development Berhad (1MDB) is unaccounted for, saying it is locked in with the value of two major development projects spearheaded by the state-owned fund.
He said the latent value of prime land in the Tun Razak Exchange and the planned Bandar Malaysia in Sungai Besi sufficiently accounts for the figure being touted by naysayers as having gone “missing”.
“They say RM42 billion disappeared... It did not disappear. Look at the Tun Razak Exchange, there are 70 acres. Bandar Malaysia has 500 acres,” he said in his speech at a gathering with Selangor Umno members and supporters here.
“This is a goldmine. If I were a rich man, I would buy there because I know its value after 20 years,” he added. MALAY MAIL ONLINE
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