PH saved LTAT? You denied them billions in profits, Najib tells Loke

PH saved LTAT? You denied them billions in profits, Najib tells Loke

The former prime minister slams Pakatan Harapan for its decision to take over the AES concessions and reimburse RM555 million to the fund.

Najib Razak says Pakatan Harapan ‘should not try to claim it is a hero’ for saving LTAT and veterans.
PETALING JAYA:
Najib Razak has rubbished claims by former transport minister Loke Siew Fook that Pakatan Harapan (PH) saved the armed forces pension fund (LTAT) from a loss of RM555 million in a government bailout.

The PH government, the former prime minister argued, had in fact denied LTAT yearly profits which could have amounted to billions of ringgit in the long run.

This was after PH decided to reimburse LTAT, which had initially paid RM555 million to take over the concessions for the Automated Enforcement System (AES) for driving offences.

PH then rebranded AES to the Automated Awareness Safety System (Awas).

Under the system, those who drive over the speed limit and run the red light will be hauled to court, instead of being issued a compound.

They would, however, risk a fine of up to RM2,000 if convicted.

Subsequently, Najib said, PH abolished discounts and exemptions for Awas summonses. More cameras were also added under the new system.

And in 2018 alone, summonses amounting to some RM169 million were issued, Najib said.

On Monday, Loke told the Dewan Rakyat that he had saved LTAT after suggesting for it to be reimbursed.

He said his Cabinet colleague, Mohamad Sabu (PH-Kota Raja), then the defence minister, had agreed with the suggestion.

Loke had also said that it was Najib, who was the prime minister at the time, who had proposed that LTAT take over AES from concessionaires Beta Tegap Sdn Bhd and ATES Sdn Bhd for RM555 million.

However, Najib explained that although the concessions were officially completed in 2011, the AES project had been awarded to the private sector before he became the prime minister.

“(Yet) you want to claim you are a hero for saving LTAT and veterans?”

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