Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak today questioned the motive of certain parties who continue to criticise the 1Malaysia Development Berhad (1MDB) but refuse to accept solutions planned by parties involved.
"There are those who are not happy that the 1MDB had borrowed billions to finance its investments and they want 1MDB's debts to be paid and its exposure reduced. And that is exactly what 1MDB is trying to do," Salleh said.
He said the same people are also not happy that Tenaga Nasional Berhad (TNB) was interested in buying some of 1MDB's assets.
"They do not want any local company such as TNB to buy over any of 1MDB’s assets. If 1MDB sells its assets to local companies they will call it a bailout," he said in his latest sskeruak.blogspot.com entry.
Salleh said now, 1MDB was in the final stage of selling Edra Global Energy to foreign investors but there was still a lot of criticism saying that the price was too low even though it was being sold at a higher price than if sold to TNB.
READ: 1MDB receives three final offers for EDRA
READ: 1MDB to finalise bids for Edra, Bandar Malaysia by mid-November
READ: Edra to collaborate with Malacca Govt to identify local companies for 4B project
READ: 1MDB's Edra Energy disposes of assets to Chinese firm for RM9.83 bil
READ: 1MDB clarifies Tun Mahathir's statement on Edra Global Energy's sale
This group of people also accused the sale of the company's assets to foreign investors as an act of treason, he added.
"It makes it very difficult when people do not know what they want. They want 1MDB to reduce its debts but they do not want any local company to buy 1MDB’s assets and at the same time they do not want 1MDB to sell these assets to foreigners. So what then do they want 1MDB to do?," he asked.
Salleh said there were only three things 1MDB could do and all three things are not acceptable to the critics.
"However, there is also a fourth alternative, bankruptcy. Is this what they want 1MBD to do, to be declared bankrupt, so that they can make this an issue against the Prime Minister?" Salleh said.
Bernama
Sun Nov 29 2015
SALLEH: They do not want any local company such as TNB to buy over any of 1MDBs assets. - File pic
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