Malaysian Prime Minister Anwar Ibrahim has made his fight against corruption the cornerstone of his administration, but a recent anti-corruption probe is drawing accusations of a political witch hunt, says CNA's Leslie Lopez.
ACCUSATIONS OF A POLITICAL WITCH HUNT
“All of this will reopen all the old wounds and it shows that there are many issues that remain unresolved between the two men,” said a former senior government official who worked closely with both Dr Mahathir and Mr Anwar. The official, who spoke to CNA on condition of anonymity, noted that “perhaps, this has to be settled for the country to move on".
After 26 years, it is still unclear how and why UEM paid above-market rate for shares in its troubled debt-laden parent company in the middle of a regional financial crisis. The transaction, which Mr Halim failed to explain satisfactorily to investors at the time and which was suspected to be a bailout for Renong’s shareholders, pushed the economy into a tailspin.Mr Anwar, who was finance minister and deputy prime minister in 1997, was hugely critical of the UEM-Renong deal and his relations with his boss Dr Mahathir and UMNO treasurer Daim Zainuddin very quickly soured.
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