KUALA LUMPUR, Feb. 21 -- Former economy minister Datuk Seri Rafizi Ramli has rejected allegations linking the launch of his social enterprises, Fleximart and Kesom, to a supposed RM1.1 billion fund, calling the claims "illogical" and "a conjecture that makes no sense".

Appearing on the Yang Berhenti Menteri (YBM) podcast with moderator Haziq Azfar Ishak and Petaling Jaya MP Lee Chean Chung yesterday, Rafizi said the narrative was unreasonable for anyone being accused of extraordinary wealth.

He added that if he genuinely possessed RM1.1 billion, "I would not be renting a house and running a kedai runcit (grocery shop)."

Clarifying how he financed the ventures, Rafizi explained that the start-up capital came from the gratuity he receive...