"A Lot Of Things Went Wrong": Najib Says He Regrets Not Putting More Safeguards For 1MDB
Looking back, he would have "implemented 1MDB in a different manner."
Former prime minister Najib Razak has admitted that certain decisions he took for 1MDB could have used better safeguards
Najib, who chaired the 1MDB advisory board, said that looking back he would have "implemented 1MDB in a different manner."
The former prime minister, who maintains that he never abused public funds for personal gain, however, today admitted to Malaysiakini in an exclusive interview that the idea of financing 1MDB through debts was not the best of decisions.
"Probably in the execution of 1MDB, we should have put in more safeguards to ensure transparency, good governance and accountability. I regret not doing this as a lot of things went wrong," he said in the interview with Malaysiakini that was published today.
In the interview, Najib also admitted that in hindsight he should have been more open with regard to the Auditor-General's Report on 1MDB, which was kept under the Official Secrets Act (OSA)
"We were facing elections and we didn't want things to be twisted or spun around.
"The A-G report had always been made available to the PAC with opposition members. They went through it and they were satisfied. We thought that was enough.
"But in hindsight, which, as they say, is always 20/20, we should have just made the AG report available as an appendix to the final PAC report," he told Malaysiakini.
While the Barisan Nasional government was midway in its five-year term in 2016, it wasn't really facing the general elections. There were two years still left before the 14th general election was actually due. Although, it could also be held earlier.
However, apart from the 1MDB-related issues, Najib said he wouldn't change anything else about his time as prime minister
"I still believe in our transformation plan, I would not change that. My vision for Malaysia, I would continue with that," Malaysiakini reported Najib as saying, who added that even the 1MDB issue was exploited by Pakatan Harapan coalition against the Barisan Nasional government with a "negative" campaign involving character-smearing.
Previously, Najib alleged that Tun Dr Mahathir's aide collected RM10 million in cash from him for the 13th general election: