Mahathir defends 2018 meet with fund managers that included controversial US firm
Source: Daily Express Sabah
PETALING JAYA: Former prime minister Dr Mahathir Mohamad has defended his meeting with fund managers in the UK in 2018, which included US asset management firm BlackRock.
He said Israel had not committed genocide at the time, and no actual agreement had been made with the firm as the meeting was more about "finding out what they could do".
ADVERTISEMENT
"Now we see how nasty and inhumane Israel has been. The oppression of Palestinians had been going on, but it wasn't as serious. Today, they sometimes kill 100 people a day.
"This is inhuman, and the worst part of it is that the US is supporting this. Genocide is taking place. Policies must change according to what is happening on the ground," he said at a press conference today.
SPONSORED CONTENT Hajiji says positive economic achievements prove Sabah govt's commitment Kota Kinabalu: Chief Minister, Datuk Seri Hajiji Noor, emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state. Read more On Oct 1, 2018, Mahathir's Facebook account announced that he had given a briefing highlighting Malaysia's investment prospects to fund managers including BlackRock, PIMCO, and Amundi, at a meeting organised by HSBC in London.
On Facebook on Thursday, he questioned Global Infrastructure Partners' (GIP) impending purchase of 30% of MAHB's shares with the Abu Dhabi Investment Authority.
ADVERTISEMENT
He joined the chorus of those urging Putrajaya to scrap the deal because of GIP's ties with BlackRock, which has been accused of "profiteering from genocide" through its stakes in US defence firms that allegedly manufacture weapons used by Israel.
"When I heard that MAHB will sell shares to a US company, my assumption was that MAHB was losing money," Mahathir said.
ADVERTISEMENT
"Now, I have heard that MAHB made a profit of RM543 million in 2023. Not many companies make this kind of profit. Why sell 30% to a US company supporting Israel? I do not understand this."
GIP has defended itself, saying BlackRock is not involved in the move to privatise MAHB, despite BlackRock agreeing to acquire GIP in January.
GIP's head of transport, Phil Iley, said BlackRock's acquisition of the company would only be completed in the third quarter of 2024.
"After the transaction closes, GIP's existing leadership team will retain full control and responsibility for the strategic direction and operation of GIP and the companies in which we have invested," he said.
Stay up-to-date by following Daily Express's Telegram channel.
Daily Express Malaysia
* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.
* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.