EPF Account: Najib denied attempting to incite Malaysians to take money from it

Najib Razak

PETALING JAYA: Former Prime Minister Najib Razak today denied attempting to incite Malaysians to give individuals a one-off withdrawal of RM10,000 from their Employees Provident Fund (EPF) Account 1 and to prolong the loan moratorium with his call for Putrajaya.

He said he did not stand to benefit directly from these measures, adding that if these two conditions were not implemented, he had never urged the people to reject the Perikatan Nasional (PN) government.

In support of the 2021 budget, Najib said the two conditions for Barisan Nasional’s (BN) vote were not populist moves but economic policies, in addition to being in response to the needs of citizens facing misery in the midst of the Covid-19 pandemic.

EPF Account

I think that as things change, people will be responsible for spending the money wisely and working hard to replace their retirement savings.

Is it fair to refuse a lifeline to families only because there are fears that the money might be misused by some?

I think the funds pumped from the two initiatives will help improve the economy and save more jobs. It’s not that I don’t have any experience or that I don’t grasp the economic problems of Malaysia.

He said in a Facebook post today, “If anyone can refute what I’ve written, then it’s only fair for you to accuse me of inciting or playing with people.”

The Pekan MP also reiterated that these measures were not impossible or difficult to enforce, adding that with the initial six-month moratorium and the i-Lestari scheme for EPF Account 2, Putrajaya had already done so previously.

He said the EPF had RM940 billion worth of assets while banks were netting billions in income annually, which would not make it a challenge for them to enforce the proposals.

“So far no one has answered my question as to how the country can be saved by the 2021 budget to fight Covid-19, which is only 2.5% higher than the 2019 budget (without Covid-19),,” he said.


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Najib denies inciting Malaysians to reject PN govt over EPF, moratorium

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