There is no necessity to hold an emergency Parliamentary sitting or set up a Royal Commission of Inquiry to investigate the 1Malaysia Development Berhad (1MDB) issue.
Second Finance Minister Datuk Johari Abdul Ghani said, the issue is not new and the government has already taken steps to improve the weaknesses in the strategic investment company’s management and governance.
"This issue of 1MDB has become the most intensive investigation, so I don’t think all this is necessary," he said when officiating at the National Economy Briefing organised by Malaysian Institute of Economic Research (MIER) here today.
"Whatever actions taken by the United States Department of Justice (DOJ), they have all the rights to do so, because this is something that happened in their own country," he added.
Datuk Johari also denied 1MDB has been dealing with the individuals named in the DOJ report.
“On our part, our dealing is only with International Petroleum Investment Company (IPIC) group,” he said referring to the Abu Dhabi investment arm, saying “that’s why we have a dispute with Abu Dhabi.”
Johari said, Finance Ministry is planning to bring the dispute to the London Court of International Arbitration.
“The government will not protect any individual who is found guilty in this 1MDB case, no matter what kind of offence they committed, or wherever it was done,” he said.
Without giving any details, he also said the government has already received funds from the sale of 1MDB energy assets to China General Nuclear Power Corporation (CGN).
In November 2015, 1MDB announced a share purchase agreement signed with CGN to enable it to receive RM9.3 billion, in addition to the acquisition of debt amounting to RM7.43 billion.
Luqman Hariz
Tue Jul 26 2016
JOHARI: The United States Department of Justice has the right to conduct the investigation, because the allegation about the misappropriation of funds and money laundering was made in their country. - Filepic
Japanese Gov't approves 2025 draft budget with record defence spending
The Japanese government on Friday approved a draft budget for fiscal year 2025, with a record 8.7 trillion yen marked for defence spending
Teo: 100 creative industry players to receive Ziarah MADANI@Finas aid next year
The National Film Development Corporation Malaysia (Finas) is targeting at least 100 industry players to receive assistance through the Ziarah MADANI@Finas initiative, next year.
New FAM CEO selection nearly complete - Tunku Ismail
Johor Regent Tunku Ismail Sultan Ibrahim, has confirmed that the selection of a new chief executive officer for the Football Association of Malaysia (FAM) is nearly complete.
Russia warns the United States on possible nuclear testing under Trump
Russia warned Trumps incoming administration of possible nuclear testing steps over the latter's stance on the issue.
UN Secretary-General concerned about post-election violence in Mozambique
UN Secretary-General Antonio Guterres expressed concern about the unrest in Mozambique, Anadolu Agency quoted his associate spokesperson Thursday.
Social Media platforms must apply for operating licence by Dec 31 - Teo
Social media platform providers have been urged to promptly register their service licences ahead of the enforcement of the Class Licence for Application Service Providers, which takes effect on Jan 1
South Korea's Constitutional Court starts pre-trial hearing for Yoon's impeachment trial
South Korea's constitutional court started the first preparatory hearing Friday for a trial on President Yoon Suk-yeol's impeachment that was passed by the parliament earlier this month
PM Anwar meets Thaksin to discuss key regional issues
Prime Minister Datuk Seri Anwar Ibrahim has met former Thai Prime Minister Dr Thaksin Shinawatra to discuss several critical regional issues.
LADA to ensure smooth 2025 ASEAN Meeting in Langkawi
Starting Jan 1, 2025, the country is once again given the responsibility of hosting major ASEAN meetings, which begins in Langkawi
Singapore PM Wong to present Budget 2025 on Feb 18
The 2025 Singapore Budget Statement will be tabled in Parliament on Feb 18 by Prime Minister and Finance Minister Lawrence Wong.
VMY2024 attracts over 13 million tourists as of November - Exco
A total of 13,584,042 tourists have visited Melaka in conjunction with Visit Melaka Year 2024 (VMY2024) as of November.
Another black box found at crash site near Aktau - Kazakh Transport Prosecutor
Another black box was found at the site of the plane crash near Aktau, the transport prosecutor of Kazakstan's Mangystau Region, Abylaibek Ordabaev, said on Thursday.
Madani Govt : No one will be marginalised, priority for people's well-being - PM
The MADANI government will continue to work on building a more inclusive and glorious future for Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim
Thailand accepts invitation to be BRICS partner country
Thailand has notified Russia, the current chair of the BRICS group, of its acceptance to be a partner country.
UM lecturer, students among seven questioned over cat deaths
A lecturer, students from Universiti Malaya (UM), and an animal rights activist are among seven individuals questioned in connection with the recent cat deaths at the university.
2024: A year of unrelenting conflict and shattered hopes for peace
The year 2024 emerged as one of unrelenting conflict and human suffering, as a stark reminder of the fragility of global peace.
TNB share rises in early trade on new tariff announcement
Tenaga Nasional Bhd's (TNB) shares surged in early trade on Friday after announcing a new tariff schedule for Peninsular Malaysia under Regulatory Period 4 (RP4).
Malaysian favourability towards China reaches new high, survey shows
Malaysian perceptions of China have improved significantly in recent years, according to a public opinion survey by the Merdeka Center
Customs seize smuggled cigarettes, alcohol worth over RM1.6 mln
The Royal Malaysian Customs Department (JKDM) successfully dismantled smuggling activities involving cigarettes and alcohol worth over RM1.6 million.
Sabah 2024: Leadership, alliances and road to 17th State Polls
Sabah stands on the brink of a transformative year, with the recent appointment of Tun Musa Aman as the 11th Yang Dipertua Negeri and the 17th State Election looming on the horizon.