Corruption & Cronyism >>>

Anwar was sacked and tortured because he refused to bailout old man's son

Mahathir is the number one liar in Malaysia. Anwar made a gross political mistake, he should agree to bailout Mirzan and then overturn his own decision when he becomes PM like Pak Lah.

RM2 billion public fund was used to bailout Mirzan’s companies during the Asian Financial crisis. No one knows the money is repaid or not.

Mirzan Mahathir is in the Forbes top 10 richest man in Malaysia.

‘Mahathir took World Bank loans’

Former PM’s administration signed for 38 packages between 1982 and 1999, says PKR
Azril Annuar

KUALA LUMPUR: Parti Keadilan Rakyat (PKR) has launched a counter-offensive against former Prime Minister Tun Dr Mahathir Mohamad (pic) by disclosing links which purportedly show the Mahathir administration had, despite denials, taken loans from the World Bank.

PKR’s communications bureau yesterday highlighted World Bank records, which allegedly show the government had procured 38 loans from the World Bank between May 18, 1982, and the post-financial crisis period of March 30, 1999, when Mahathir was in power.

These also supposedly include a US$300 million (RM953 million) loan package identified as the Economic Recovery and Social Sector Loan Project, inked on June 18, 1998.

The World Bank website noted the final three agreements between the Mahathir administration and the World Bank were penned in March 30, 1999 for a total of RM404 million worth of loans.

Among others, these allegedly included an Education Sector Support Project for US$244 million, Year 2000 Technical Assistance Project for US$100 million and Social Sector Support Project for US$60 million.

These deals were allegedly done six months after the sacking of Datuk Seri Anwar Ibrahim as deputy prime minister and finance minister.

In its statement, PKR said while he held his post as finance minister, Anwar had written to the World Bank that “Malaysia did not need any aid from the financial institution yet.

“The accusations fabricated against him since 1998 was due to Datuk Seri Anwar Ibrahim’s commitment to ensure a disciplined national financial management based on accountability and responsibility,” the statement added.”

He was firm in rejected an economic prescription to save the political elites and cronies finances whereas the people had to suffer the economic crisis of 1997/98. It was his firm stance that led to his sacking as a deputy prime minister and finance minister.”

It was reported Anwar, during a speech at a dinner on Friday to discuss the Economic Transformation Programme organised by the Selangor government, had claimed Dr Mahathir had written to the World Bank seeking aid during the financial crisis.

This led to Dr Mahathir challenging Anwar to swear on the Quran in a mosque regarding his allegations and to show evidence the former premier had sought help from the World Bank.

However, in yesterday’s statement, Anwar neither accepted Dr Mahathir’s challenge to swear on a Quran nor rejected it.‘mahathir-took-world-bank-loans’