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Saturday, May 9, 2015

Najib has 48 hours to abort LTH-1MDB deal

Alternatively, he can risk a political explosion during his meeting with Umno division leaders on Monday.
lim vs najib batal kontrak
KUALA LUMPUR: The question that arises, in the wake of the controversial purchase of land by Lembaga Tabung Haji (LTH) in the Tun Razak Exchange (TRX) area from the 1Malaysia Development Berhad (1MDB), is whether Prime Minister Najib Abdul Razak can abort the deal within the next 48 hours.
Najib’s failure on this score, reads DAP elder statesman Lim Kit Siang, is to risk a political explosion when he meets Umno division leaders on Monday.
“Najib’s position as Umno President and Prime Minister has never been so fragile and precarious as now,” stressed Lim who is also DAP Parliamentary Leader and Gelang Patah MP. “He’s under attack from his own deputy, Muhyiddin Yassin, besides the relentless barrage from former Prime Minister Mahathir Mohamad.”
The deputy prime minister, he added, has been left wondering why the 1MDB Board and the CEO remain in place after all that has happened, why no one has been charged, and how the position of Najib as 1MDB Adviser can continue.
Muhyiddin, noted Lim, has called for the LTH-1MDB deal to be aborted or the 1MDB scandal may explode on Umno. “Mahathir has called for the bail out to be ended.”
Lim described Najib as desperate over the RM42 billion debts chalked up by 1MDB, resulting in the raid on LTH funds via the land purchase deal.
The DAP veteran lamented that the LTH-1MDB deal did not become public knowledge before the Rompin and Permatang Pauh by-elections earlier this week. “Umno would have lost by a bigger majority in Permatang Pauh and may have even lost Rompin.”
“In Permatang Pauh, when asked about 1MDB, Muhyiddin even said ‘I don’t know what to say’”
Lim acknowledged that former Attorney-General Abu Talib posed legitimate questions on whether the 1MDB-Tabung Haji bailout documents were classified under the Official Secrets Act (OSA), and who classified them as secret. He was referring to Inspector-General of Police Khalid Abu Bakar saying that investigators were looking into using the OSA against the perpetrators of the leak, pointed out Lim.
Will the IGP next say that all documents connected with the RM42 billion 1MDB scandal are protected by the OSA?
Police credibility and integrity will suffer another tumble under the present IGP if they are seen as protecting the perpetrators of the RM42 billion 1MDB scandal, said Lim, instead of siding with the public and national interest.

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