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Sovereign Wealth Funds Briefing - Categorized | People

Dr M’s take on losers, transgenders, 1MDB

Posted on 12 November 2014

Former premier Mahathir Mohamad waxed lyrical on a number of issues gripping the nation today. On the issue of 1MDB, Mahathir condemned the fund outright, saying there was little need for a fund that only served to increase the country’s debt rather than live up to its name as the nation’s sovereign wealth fund.
He said, “1MDB is said to be a sovereign wealth fund, but it is not. It is money we have borrowed. When we borrow, we have to pay back. This is not wealth.” He also said the country would be much better off if the fund was done away with completely………………………………………..Full Article: Source


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