KUALA LUMPUR - Malaysian former Prime Minister Mahathir
Mohamad on Thursday launched the fiercest yet in a series of attacks on the
country's prime minister, demanding he account for the disappearance of billions
of dollars borrowed by state fund 1MDB, or resign.
"It is this disappearance of a huge amount of borrowed money by 1MDB and the inability to answer questions regarding what happened to the funds that disqualifies Najib from being prime minister of Malaysia," the 89-year-old wrote in his blog.
Najib Razak chairs the advisory board of 1Malaysia Development Berhad (1MDB), a power plant and property fund whose 42 billion ringgit ($11.58 billion) debt has weighed on Malaysia's sovereign rating and the ringgit in recent months.
However, the prime minister has ordered an audit of 1MDB's accounts by the country's Auditor General.
"It is this disappearance of a huge amount of borrowed money by 1MDB and the inability to answer questions regarding what happened to the funds that disqualifies Najib from being prime minister of Malaysia," the 89-year-old wrote in his blog.
Najib Razak chairs the advisory board of 1Malaysia Development Berhad (1MDB), a power plant and property fund whose 42 billion ringgit ($11.58 billion) debt has weighed on Malaysia's sovereign rating and the ringgit in recent months.
However, the prime minister has ordered an audit of 1MDB's accounts by the country's Auditor General.
Source: AsiaOne
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