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Thursday, 14 September 2017 | MYT 12:00 AM

‘Opposition blowing 1MDB out of proportion’

WASHINGTON, DC: There was a campaign to deliberately sabotage 1MDB and undermine investor confidence in Malaysia’s economy, says Datuk Seri Najib Tun Razak.

The Prime Minister pointed fingers at certain Opposition politicians, saying they had blown things out of proportion.

“Indeed, there was a campaign to sabotage the company and undermine investor confidence in a failed attempt to topple the Government between election cycles.

“Don’t allow the Opposition’s noise on this matter to obscure reality,” he said at the US-Asean Business Council and US Chamber of Commerce dinner at St Regis Hotel here on Tuesday night.

Najib said he was aware that corporate leaders attending the dinner had heard some less-than-positive stories about the Malaysian economy, particularly about 1MDB.

“Rather than sweep the issue under the rug, we ordered investigations into the company at a scale unprecedented in our nation’s history.

“And, when it became clear that there had been failings, I instructed that the company be rationalised,” Najib said.

“This process is progressing well and many of the assets formerly owned by 1MDB are thriving.”

Separately, Najib also said Malaysia, which regularly received praise from international bodies, was a great place to invest with over two million new jobs, years of consistent healthy growth and low inflation and unemployment.