MP Speaks by Anwar Ibrahim | In August last year, I had warned about an impending financial crisis that would befall Malaysia because of the mismanagement of the nation’s economy: http://www.malaysiakini.com/news/283322
I said that particularly on account of the massive hidden debt, the BN administration had failed to practice financial prudence, accountability and transparency.
As usual, even then instead of taking cognisance of our legitimate concerns and rectifying the situation, Prime Minister Najib Abdul Razak (below) chose to be the proverbial ostrich in the sand by sweeping financial dirt under the off-balance sheet carpet.
Today, this culture of wastage and opulent and spendthrift ways cloaked under shady procurement processes and opaque privatisation awards has returned to haunt us.
Brace for tough times ahead, Anwar warns
MP SPEAKS The ex-finance minister expects a financial crisis to hit soon.