On Oct 18, 2010, the then-opposition leader, while debating Budget 2011 made some startling observations.
The government, Anwar Ibrahim told Dewan Rakyat, is gambling away national security and finances by appointing 1MDB to handle billions of ringgit worth of development projects.
He said there is no evidence to prove that 1MDB, which is barely a year old, is capable of handling massive projects such as the over RM26 billion Kuala Lumpur International Financial District (KLIFD) project.
“It is also questionable that its chief executive officer only reported on Oct 12 that they made RM425 million profit, just days before the budget was tabled...