Name: Malaysia's Mahathir Mohamad vows to stay on, warns of limits to democracy I FT
Uploaded: 2020-03-07T17:51:42.000Z
Duration: 10 min 20 s
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I'm here in Bangkok on the sidelines of the Asean Summit.

Adverbs of degree

And I've just finished speaking to Mahathir Mohamad, Malaysia's

We talked about his change in stance on China,

as well as the succession saga in Malaysia.

But we started off talking about Jho Low, the fugitive financier

who allegedly is at the heart of the multi-billion dollar

The US Department of Justice has reached a settlement

If he had said the full amount we would be very happy indeed.

that was made use by Jho Low to buy properties, et cetera.

of the money that has been made use of by Jho Low.

In light of this settlement, is Malaysia also

would like Goldman Sachs, which has arranged

1MDB bonds, the proceeds of which allegedly

And Malaysia has always said that Goldman should return

The amount is not beyond what their role is worth.

Goldman Sachs has offered less than $2bn.

So we are not satisfied with that amount.

Do you have a sum in mind of an alternative?

The DoJ alleges that also other international banks

were apparently involved in helping, unknowingly.

Are there concrete plans of going after these banks

we would make requests for the banks to freeze the account.

I think the Deutsche Bank was mentioned, and UBS.

You have said in the past that freedom is not absolute.

And now we are seeing the rise of populism

Is this a sign that western democracies are doomed?

Western democracy, I think, you have taken things too far.

There must be limits and you must recognise the limit.

And accept that as part of the democratic process.

under the current Trump administration from the region.

What does this mean to you as a southeast Asian country,

also in light of the potential of China's rise

For Malaysia, the current trade war between China and US

has resulted in lots of people who invested in China wanting

In terms of your relationship with Beijing,

it seems like there's been quite a reversal

since the very beginning of your latest term as prime minister.

We should avoid this idea that you can colonise

So that was what I was saying, and it's not

In the China context of things, when you first

came back to power you mentioned that, for example,

symbolised unequal treaties between China and Malaysia.

in the national security threats that the US, for instance,

outlined with Huawei, I mean, are those two risks not

We have been very friendly with the Chinese,

even during the first time I was prime minister.

But the previous government entered into agreements

to consult this railway line, which is not really

It comes to about 60bn Malaysian ringgit.

But we found that we are obliged under contract

I wanted to talk to you a little bit about Khazanah

Nasional, the sovereign wealth fund of which you are chairman.

Now earlier this year there was the announcement

that the founder of Chinese tech firm SenseTime

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Malaysia's Mahathir Mohamad vows to stay on, warns of limits to democracy I FT

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