Rafizi Ramli has hit back at critics who questioned the valuation of Invoke, saying they can’t read a balance sheet

Rafizi Ramli has hit back at critics who questioned the valuation of Invoke, saying they can’t read a balance sheet.

“Lain kali nak buat komen, make sure you are a chartered accountant first and have been a CFO. Prinsip of akaun pun tak lepas nak buat komen.”

“Invoke shares were last issued in 2022 at RM75 million. This is a lower value than the official valuation made by Cradle, a government agency, which valued Invoke at RM105 million,” Rafizi adds. 

“Invoke itself recorded a profit of RM507,000 in 2020.”

Rafizi also dismissed claims he built his wealth using public donations, saying he had addressed these accusations before, and provided a breakdown on his blog.  

“Tuduhan dibuat oleh Rashid Hasnon itu sebenarnya telahpun dimainkan oleh kumpulan geng Azmin dalam tahun 2017.”