After TH, KWAP also .. Which sounds KJ?

Rafizi Ramli

Petaling Jaya - Umno Youth chief Khairy Jamaluddin Abu Bakar should be Umno voice that demands transparency in the management of 1Malaysia Developement Berhad (1MDB).

PKR vice-president, Rafizi Ramli said the pressure that needs to be voiced, including the listing of all the transactions with 1MDB including the holding of bonds, loans, land acquisition and such transaction had ever negotiated with 1MDB.

"I challenge Khairy became the voice in demanding transparency Umno's. If he does not get a satisfactory answer as required in the transaction listing und p TH, KWAP, EPF and PNB LTAT, it was natural that he take a principled resignation of cabinet, "he was quoted as saying in a statement today.

In the same statement, Rafizis also condemned the Retirement Trust Fund (KWAP), which reported the state pension fund also bought land in the Tun Razak Exchange of 1MDB.

"The purchase of the land, though reported at a lower price than that paid TH (TH) is another form of injection of funds to save (" bail out ") 1MDB," he said.

"The lands purchased by the TH and now KWAP is land owned by the Federal Government. In fact, the land was bought by TH initially devoted to Bumiputra Property Fund, but was eventually given to 1MDB at cheap prices," said Rafizis again.

He said that the federal government not only lost these lands but a large loss when 1MDB gain the upper hand in the sale of these lands.

"The advantage of the winds that diverted by 1MDB is ultimately used to pay benefits worth hundreds of millions of dollars that had to be paid several times a year while the original funds borrowed as much as RM42 billion is not known where it goes.

"KWAP RM4 billion already loaned to a subsidiary 1MDB in 2011 and the most recent audited financial statements state that a number of RM3.1 billion were investments that auditors do not have any information," he said.

In this regard, he called for any transaction to purchase the lands of the Federal Government granted at a low price to 1MDB is a saving action ("bail out") 1MDB stopped immediately