The day Mahathir stole RM2.6 billion

 |Aug 11, 2016
Did Mahathir steal Terengganu's petro-ringgit?
Did Mahathir steal Terengganu’s petro-ringgit?

“Having 2.6 billion Ringgit in his private account is also not good. No Prime Minister of Malaysia should have that amount of Ringgit in his private account. And the explanation he gives as to the source of the billions is quite ridiculous.”

Dr Mahathir Mohamad sid this from his hospital bed yesterday after finding out that he is not on the verge of death after all and still has many more years left to torment Prime Minister Najib Razak.

Well, I suppose if Singapore can have its Minister Mentor (abbreviation: MM) in the form of Lee Kuan Yew then Malaysia can have its Minister Tormentor in the form of Mahathir (abbreviation also ‘MM’ for Mahathir Mohamad).

Mahathir is not happy that RM2.6 billion was banked into Najib’s personal or private bank account.

What Mahathir does not want to say is that this was what the then Bank Negara Governor, Dr Zeti Akhtar Aziz, advised should be done when Najib spoke to her about the donation that was going to come in from the Middle East.

Have you realised that even though Malaysia Today has mentioned this point many times since last year neither Mahathir nor Zeti have denied it?

They deny many other things that Malaysia Today said except this one point: that Najib sought advice from the Bank Negara Governor before bringing the money into the country.

I mean we are not talking about a small amount of money here.

We are talking about RM2.6 billion.

Even if you bring in RM2.6 million without first doing your homework the bank is going to jump on you.

What more RM2.6 billion.

Mahathir also received RM2.6 billion from 2000 to 2003.

Well, actually he did not ‘receive’ the RM2.6 billion.

He took it by force. Terengganu people say he stole it — “rompak duit Ganu”, they said.

And it was the RM2.6 billion that Petronas was supposed to pay Terengganu from the second quarter of 2000 to the third quarter of 2003 that Mahathir stopped them from paying and to give the money to Idris Jusoh instead.

Mahathir says that Najib may not have received RM2.6 billion but that it may have been RM4 billion instead.

Well, there are also some who say the money that Petronas did not pay Terengganu and which they diverted to Idris Jusoh at Mahathir’s instructions may also not have been RM2.6 billion but may have been RM4 billion instead.

But then Mahathir did not put the RM2.6 billion into his personal or private bank account.

And that is the point he is trying to make.

Mahathir said, “No Prime Minister of Malaysia should have that amount of Ringgit in his private account.”

Mahathir did not put that RM2.6 billion into his personal bank account or into a special bank account in the name of the Prime Minister.

He set up another special account not in his name and asked Idris Jusoh to manage that account.

And then Petronas was instructed to give that RM2.6 billion to Idris Jusoh.

And then Mahathir retired and handed the job of Prime Minister to Abdullah Ahmad Badawi.

Then, from 2004 to 2007, another RM7.4 billion was transferred to this special bank account.

So, in total, from 2000 to 2007, under the watch of two Prime Ministers, RM10 billion was siphoned out of Terengganu through Petronas and was transferred to a special bank account that Mahathir set up but not in his name … Read More

Source: Malaysia Today

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Raja Petra Kamarudin or RPK, cousin to the Selangor Sultan, is one of Malaysia's earliest online 'citizen journalists'. He started his website in 1995 before the internet 'explosion' triggered by the Reformasi movement in September 1998. Malaysia Today was launched as a blog in August 2004 and is one of the few pioneer blogs still active and posting articles on a daily basis 24-7. RPK, 66 years old, has been writing since 1990.