Abdul Samad Alias told the whole world at the International Conference on Governance, Risk and Control that his repeated requests over six months for a briefing of 1MDB’s affairs fell to deaf ears.
As a protest, he has no choice but to tender his resignation as a member of 1MDB advisory board.
If a member of the advisory board also could not get a briefing on the status of the company, how can the rest of us access to the real financial standing of the company?
1MDB is a company owned by Ministry of Finance. Its unprofessionalism and mismanagement has definitely set a very bad example and tainted the reputation (if any) of the Ministry of Finance.
Not to mention that our Prime Minister Datuk Seri Najib Razak is the chairman of the advisory board. Did he know that a member of his board had repeatedly requested for a briefing? Did he know that the request was not entertained for a period of 6 months? If 1MDB and Najib himself have nothing to hide, why is it so difficult to arrange a briefing for its advisory board member?
As at today, 1MDB and Najib have also failed to answer one simple question, ie whether 1MDB debts is still RM42 million, or have mushroomed to be more than RM50 billion as stated by Tan Sri Muhyiddin Yassin in his speech at the UMNO Cheras AGM on July 26?
Despite the fact that the ringgit has dropped to a new 1998 low, we have yet to see Najib taking any action to solve the crisis. Najib is definitely the worst and most incompetent Finance Minister in our history.
If he is indeed clueless as to what he to do, then my suggestion to him is, come clean on 1MDB.