Pejuang worried 5G SPV may take the 1MDB path

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The government's decision to allocate 5G spectrums through a state-owned special purpose vehicle (SPV) is worrying, considering the recent track record of government-led ventures, Parti Pejuang Tanahair economic bureau chief Armin Baniaz Pahamin said."Over the years, we have seen the government spending billions of taxpayers’ money to cover the bailout of many government-linked companies owing to gross inefficiencies and failed leadership."Recent history has shown how a government-owned entity like 1MDB was seriously misused to fulfil personal and political gains."How can this current government guarantee that this SPV will not become 1MDB 2.0 and become a vehicle to further the interest of the few?" Armin asked in a statement.The former Proton Edar Dealers Association Malaysia president noted that Fitch Solutions, the research arm of Fitch Group, had a…