1MDB received ‘quiet praise’ from Dr M, book claims

Free Malaysia Today

Journalist Leslie Lopez claims the two-time prime minister described the creation of a sovereign wealth fund as a novel way to finance and promote development.   Read More: https://www.freemalaysiatoday.com/category/nation/2024/10/04/1mdb-received-quiet-praise-from-dr-m-book-claims/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------  Check us out at https://www.freemalaysiatoday.com  Follow FMT on Facebook: https://bit.ly/49JJoo5  Follow FMT on Dailymotion: https://bit.ly/2WGITHM  Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h  Follow FMT on TikTok : https://bit.ly/3uKuQFp  Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX  Follow FMT LinkedIn - https://bit.ly/42YytEb  Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj  Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------  Download FMT News App:  Google Play – http://bit.ly/2YSuV46  App Store – https://apple.co/2HNH7gZ  Huawei AppGallery - https://bit.ly/2D2OpNP   #FMTNews #MahathirMohamad #NajibRazak #AbdullahAhmadBadawi #LeslieLopez #TheSiegeWithin

Transcript

00:00The 1MDB initiative, which later became one of the world's biggest financial scandals,

00:07was initially praised by two-time Prime Minister Dr. Mahathir Mohamad, as revealed in Leslie

00:11Lopez's book, The Siege Within.

00:15Former Prime Minister Najib Razak's push for mega-projects, including 1MDB, had won

00:19quiet praise from Mahathir, Lopez wrote.

00:23He added that Mahathir reportedly told associates the sovereign wealth fund was a novel way

00:28to finance development through foreign investments.

00:32Mahathir had also treated his own successor, Abdullah Ahmad Badawi, very differently, attacking

00:36him openly, which led to a decline in support from Malaysia's business elite.

00:41Najib became the country's sixth Prime Minister in 2009, following Abdullah's resignation

00:45after Barisan Nasional's poor performance in the 2008 election.

00:50Lopez wrote that Mahathir's tacit support of Najib boosted confidence in his administration,

00:55with businessmen believing it would have longevity.

00:57However, the 1MDB scandal was soon uncovered by the media, and one of Lopez's stories,

01:03The Big Gamble, deeply unsettled Najib and his camp, as it touched on concerns that 1MDB

01:09could become a political issue within UMNO.

01:12The Siege Within is currently on sale and can be purchased online at Kinokuniya, Litbooks

01:17and Amazon Singapore.

01:19Danish Fakir Reza, FMT News.

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