Mahathir easily forgets, says 1MDB

(The Star) – 1Malaysia Development Berhad (1MDB) have expressed regret that Tun Dr Mahathir Mohamad easily forgets and continues to recycle unproven allegations in attacks against them.

The state investment fund however said they would continue responding to the former prime minister of 22-years so that he would remember their “fact-based answers.”

“He continues to use stale and unproven allegations which have been repeatedly proven wrong,” said IMDB in a statement on Saturday in reference to a blog posting by Dr Mahathir on Friday.

It pointed out Dr Mahathir’s claims of RM42bil missing from 1MDB or RM20bil that was unable to be traced.

“For Dr Mahathir’s benefit, a comprehensive breakdown of how 1MDB utilised its RM42bil debt based on the company’s financial statement can be found here,” said 1MDB who attached a link to a previous press release on the issue.

On land owned by 1MDB, they said Dr Mahathir had forgotten that 1MDB is 100% owned by the Malaysian government.

“Therefore any land value increase solely benefits the government.

“Apart from now quoting a much lower land value of RM3000 per square feet as compared to RM7000 per square feet in a previous allegation by him,” said 1MDB.

It added that Dr Mahathir failed to acknowledge the RM3bil commitment by 1MDB on infrastructure development in the Tun Razak Exchange (TRX)

“This equates to approximately RM1500 of infrastructure expenditure per square foot, paid for by 1MDB, and subsequently recovered through land sales,” it said.

1MDB also said that Dr Mahathir kept on repeating his claims about funds transferred to the Prime Minister’s account by 1MDB.

“This is despite confirmations by the Malaysian Anti Corruption Commission (MACC) on Aug 3 that the funds were from a private donor and not 1MDB.

“We regret that Tun Mahathir keeps forgetting facts, not just from 1MDB but from independent and respected agencies such as the MACC. Nevertheless, 1MDB is committed to continue providing responses in order to help him remember our fact-based answers,” said 1MDB.