1MDB business model too idealistic, says Najib


  • Nation
  • Wednesday, 04 Nov 2015

How do you view the 1MDB issue, which continues to be contentious?

Najib: The business model was too idealistic previously and its investments in Edra Global Energy did not meet its fast IPO listing target, hence it became saddled with large debt financing. Bank Negara has come out to say there is no systemic risk related to 1MDB. In other words, even if it fails, the financial effects are containable.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Trailer driver dies after crashing with another trailer in Perak
Johor Zoo to close every Tuesday for upgrade work
Go all-out to fight disinformation, Hajiji tells GRS parties
Sandakan man dies in morning fire
Sarawak security guard nabbed over fake DPM letters
Women's Ministry committed to look after welfare of children with disabilities, says Nancy
MACC quizzes five Sabah reps over whistleblower case
Dungun court awaits mental health report in UiTM students collision case
Johor government allocates RM70mil for 83 flood-prone areas, says exco
Over 530,000 road accidents recorded nationwide as of October 2024

Others Also Read