Wee says Harapan government can no longer use 1MDB as an excuse for not fulfilling their manifesto.
MCA president Wee Ka Siong today claimed the Pakatan Harapan government has acknowledged that 1MDB, described by the US Department of Justice as"the largest kleptocracy case in US history", was beneficial and played an important role in the development of the country.
Both projects were under 1MDB, but were transferred to the finance minister at the tail end of former prime minister Najib Abdul Razak's leadership in an attempt to wind down the troubled state fund. "This means that Harapan is confirming that 1MDB will not be the cause of Malaysia going bankrupt or that it will burden future generations.
International investigators believed at least US$4.5 billion was stolen from 1MDB, a large part of which was laundered through the US financial system.
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