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Come clean over RM11.5bil borrowings, watchdog tells Putrajaya

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  • 08 Aug 2021
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Come clean over RM11.5bil borrowings, watchdog tells Putrajaya

An anti-corruption watchdog has questioned why the government borrowed RM11.5 billion in a span of 10 days, and demanded that the Perikatan Nasional government be transparent over the loans. The Center to Combat Corruption and Cronyism (C4) said the government needs to account for the money. The three transactions were labelled as Malaysian Islamic Treasury Bills, Malaysian Government Securities and Government Investment Issues. The government borrowed RM5.5 billion on July 27, followed by RM4 billion on August 3 and RM2 billion on August 9. Gabriel also expressed concern over money politics as the present political turmoil intensified. She said there should be no room for unscrupulous and corrupt practices among politicians and political parties. She urged the Malaysian Anti-Corruption Commission to take strict action against any politician found engaging in underhanded means or the buying over of MPs.

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