WITH an eye on the general election, Umno kicks off its five-day long annual general assembly on Tuesday with Prime Minister Datuk Seri Najib Razak having a firmer grip on the ruling party. In the prelude to the Umno assembly, the government unveiled in Parliament the findings ofthe Royal Commission of Inquiry into Bank Negara’s huge forex losses. Not surprisingly, Tun Dr Mahathir Mohamad is in the cross hairs after the RCI recommended that the former premier face criminal investigations. Dr Mahathir, through his attacks on 1MDB, had derailed plans for the proposed IPO of 1MDB’s power plant unit, and jeopardised 1MDB’s financial revamp. Not unexpectedly, Dr Mahathir and his new-found ally, DAP leader Lim Kit Siang, will be the prime targets at this year’s Umno assembly.

Source: New Strait Times December 03, 2017 02:03 UTC