Oh yes, we need a national development fund, Ho Yus

According to lawsuits filed last week by the United States Department of Justice (DoJ), at least $3.5bn has been stolen from 1MDB. The purpose of the fund, which was set up by Malaysia’s prime minister, Najib Razak, in 2009, was to promote economic development in a country where the median income stands at approximately £300 per month. Instead, the DoJ alleged that stolen money from 1MDB found its way to numerous associates of Prime Minister Najib, who subsequently went on a lavish spending spree across the world. It also accused Najib of receiving $681m of cash from 1MDB – a claim he denied. Money from 1MDB, the US also claimed, helped to purchase luxury apartments in Manhattan, mansions in Los Angeles, paintings by Monet, a corporate jet, and even financed a major Hollywood movie.

Nothing like that would happen at all, Ho No.

2 comments on “Oh yes, we need a national development fund, Ho Yus

  1. Back in the 1950’s as a student, I recall a good many fellow students, children of senior managers in the National Coal Board, enjoying handsome scholarship funding way above what us ordinary people had. Also, somehow these managers had large houses and cars etc. somewhat beyond the ordinary. As for the many holidays only the best was good enough.

  2. Correlation is not causation.

    That PM Najib spent a lot of money is not proof that he took it from 1MDB. He could have taken it from other libtard slush funds.

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