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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Fund Management/Administration

Putrajaya must explain how 1MDB benefits Malaysians, says Dr M

Posted on 28 October 2014

Tun Dr Mahathir Mohamad today urged Putrajaya to explain how the 1Malaysia Development Berhad (1MDB) had benefited Malaysians, after a news report exposed the extent of the sovereign wealth fund’s debts.
“A government spokesman said that the money from 1MDB is used for Bumiputras,” wrote the former prime minister in his blog, chedet.cc. “What I know is that one scholarship was given to a music student. It’s impossible that the scholarship cost RM38 billion?……………………………………….Full Article: Source


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