FINANCE Minister Lim Guan Eng today shot back at Anwar Ibrahim saying all financial scandals he had revealed were on the instructions of Prime Minister Dr Mahathir Mohamad.
Lim was commenting on a Anwar’s interview with Astro Awani earlier today where the Pakatan Harapan de facto leader had suggested that the finance minister leave all expose of scandals and abuses to the respective ministries and agencies.
Anwar had said that Lim should instead focus on pacifying and instilling confidence in investors.
Lim in a statement, however, said this has been explained to Anwar previously that the revelation of financial scandals involving 1Malaysia Development Berhad (1MDB) and other scandals was done on the instruction of the prime minister.
“I am not the prime minister, nor do I have the power to instruct other ministers to reveal financial scandals that fall within the ambit of the Finance Ministry.
Lim said that Anwar had also been shocked by the extent which the previous administration’s financial wrongdoings such as falsifying statements, hiding financial statement files and marking specific files to be inaccessible to the auditor-general, had effected the economy.
“The rakyat has a right to know the true state of the country’s economy and financial status.
“The rakyat does not want a government that conceals or hides anymore,” he said in the statement.
“When I met with Datuk Seri Anwar, he too agreed. My ministry will continue to expose all financial scandals within the 100-day period, as instructed by the prime minister.
“We must be brave for the truth.”
Lim said the finance ministry’s plans to trim the national debt will not come at the expense of the budget deficit, which remains at 2.8% of the gross domestic product.
“It needs to be emphasised that the Federal government has succeeded in removing the goods and services tax (GST) and is paying out cost of living aid (known formerly as BR1M) without leading Malaysia into bankruptcy,” said Lim.
“I have met with many investors and fund managers from within the country and outside to explain the country’s financial policy,” he said.
Anwar’s comments about Lim comes in the light of ratings agency Moody’s report last week that the abolishment of GST, reintroduction of fuel subsidies and 1MDB’s rising debt level, might adversely affect Malaysia’s credit rating.
Foreign investors have been selling off stocks listed on Bursa Malaysia for a seventh straight week, while fund managers have been offloading Malaysian bonds. – June 19, 2018.
Comments
Posted 5 years ago by Awang Top · Reply
Posted 5 years ago by Chris Ng · Reply
motive and hidden agendas trying to meddling in the running of the Finance ministry under LGE?
Posted 5 years ago by Lee Soon Ching · Reply
Posted 5 years ago by Malaysian First · Reply
Posted 5 years ago by Bigjoe Lam · Reply
Posted 5 years ago by MELVILLE JAYATHISSA · Reply
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Posted 5 years ago by Malaysian First · Reply
Posted 5 years ago by MELVILLE JAYATHISSA · Reply
Posted 5 years ago by Lee Thian Siong · Reply
Posted 5 years ago by Lee Lee · Reply
Posted 5 years ago by Malaysian First · Reply
Posted 5 years ago by Lee Lee · Reply
Posted 5 years ago by Kenneth Tan · Reply
What is your new policy to enhance more investment to Malaysia ?
Currently each countries is try to protect their own countries economy, but our MoF do something like Trump. Everyday show out but do nothing! What is your short term , Middle term and long term view?
Quite upset
Posted 5 years ago by Kelvin Ong · Reply
Posted 5 years ago by Lee Lee · Reply