Datuk Sri Najib Razak speaks to reporters at the Parliament lobby in Kuala Lumpur. -NSTP/Saifullizan Tamadi.

KUALA LUMPUR: The government, under the administration of Barisan Nasional never sold any strategic assets, said former prime minister Datuk Seri Najib Razak.

Najib, speaking to reporters at the Parliament lobby today, said the sale of assets was a short-term measure and was a loss for the country.

"During BN's rule, we added many assets. For example, Khazanah Nasional Bhd's net asset value increased 3.5 times from RM33 billion to RM116 billion.

"Khazanah never experienced loss and received 15 per cent returns.

"When Pakatan Harapan started ruling, Khazanah's net asset value dropped RM25 billion to RM91 billion," he said.

The former finance minister claimed that the PH-led government had sold 12 assets valued at RM25.6 billion, after only one year in power.

Earlier today, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali told the Dewan Rakyat that sovereign wealth fund Khazanah had disposed about RM18.8 billion in assets between May 2018 and June 2019.

He said the revenue generated from the sale was used for new investments as well as to repay debts which had nearly reached its maturity.

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