Sarawak's alternative financing plan is no 1MDB, says CM | The Malaysian Insight

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Sarawak's alternative financing plan is no 1MDB, says CM

Sarawak Chief Minister Abang Johari Openg slammed state opposition leader Chong Chieng Jen for making “misleading statements and allegations”. – The Malaysian Insight file pic, November 13, 2019.

SARAWAK Chief Minister Abang Johari Openg has dismissed opposition claims that the state’s proposed alternative financing plan by going to the state-owned Development Bank of Sarawak to meet its development goals is another 1MDB in the making. The chief minister said if Pakatan Harapan’s Kota Sentosa assemblyman Chong Chieng Jen can claim the model is similar to scandal-plagued strategic investment firm, then the Sarawak government could also claim the PH federal government’s use of a special purpose vehicles such as Dana Infra Nasional Bhd and the issuance of RM8 billion in Samurai bond to finance infrastructure projects are also similar to 1MDB.

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