Recovery plans of 1MDB management must be implemented holistically - Khairy

Youth and Sports Minister, Khairy Jamaluddin said the investigations being conducted on 1Malaysia Development Berhad (1MDB) by the Auditor-General and Public Accounts Committee must be comprehensive to completely answer all allegations against the government.

Khairy, who is also the UMNO Youth chief said the recovery plans of the management of 1MDB must also be implemented holistically and for the long term to ensure the financial problems of the company did not repeat itself.

"It is learnt that a recovery plan will be tabled to the Cabinet this week. So, we hope the plan will be a really holistic recovery plan ... not a short term recovery plan which can only solve debt payment from month to month," he said when met at the UMNO Youth Executive Council meeting at UMNO Headquarters held at the Putra World Trade Centre here today.

Khairy also reiterated that firm action must be taken against those responsible for the 1MDB crisis.