Latest GFI report on RM196.8 billion dirty money siphoned out of Malaysia in 2010 is the third warning of adverse international reports in the last month of the year that “something is rotten in the state of Denmark” as far as Malaysia is concerned


The latest Global Financial Integrity (GFI) report on the astronomical RM196.8 billion in dirty money siphoned out of Malaysia in 2010, resulting in a mind-boggling total of RM871 billion in illegal capital flight from the country over the last 10 years (2001-2010), is the third warning of adverse international reports in the last month of the year that “something is rotten in the state of Denmark” as far as Malaysia is concerned.

The GFI report marks a trio of adverse international reports about Malaysia in the last month of this year to warn Malaysians why the time has come for a change of Federal government in Putrajaya in the forthcoming 13th General Elections.

There are still 11 days before the end of the month of December for the year 2012. Will there be another adverse international report about Malaysia to make it a quartet of adverse international reports in the last month of this year?

The other two adverse international reports for Malaysia which were published this month are:

• Transparency International (TI) Corruption Perception Index (CPI) 2012 – Despite a change of methodology for the TI CPI score and ranking, the ineluctable fact is that corruption under Prime Minister Datuk Seri Najib Razak from 2009-2012 is even worse than corruption under the previous five Prime Ministers, including Tun Abdullah and Tun Mahathir;

• Trends in International Mathematics and Science Study (TIMSS) 2011 which showed that Malaysia is losing out in the battle for the future, as the results highlight that Malaysia is suffering a twin educational crisis, with the Malaysian education system providing an increasingly inferior education over the years as well as Malaysian students losing out to their peers in other countries in the key critical subjects of mathematics and science which will determine whether Malaysia could succeed to transform itself into a competitive, innovative and high-income developed nation in the international arena.

The year 2012 is ending very poorly both for the country and the Prime Minister, Datuk Seri Najib Razak.

There are not only this trio of adverse international reports for Malaysia in the last month of December 2012, but the country is increasingly haunted by the ghosts of past decades of corrupt, undemocratic and unjust governance.

Recently, former Prime Minister Tun Mahathir made the unforgettable quote that it is better for the people to elect the devil they know rather than the angel whom they may not know.

What Mahathir had not reckoned with is that the ghosts of the past are increasingly taking centre-stage in Malaysian politics – not only the ghosts of the murdered Mongolian Altantuya Shaariibuu; Teoh Beng Hock, the victim of the Malaysian Anti-Corruption Agency (MACC) and the countless who were “murdered” while under police custody in police lockups like A. Kugan crying out for justice, but other “ghosts” of the past as well.

The recent explosive “confessions” by the carpet trader, Deepak Jaikishan on the Atantunya murder case; the public exchanges between the former Inspector-General of Police Tan Sri Musa Hassan and the former Criminal Crime Investigation Department Director Datuk Ramli Yusof about the wrongs and abuses of power committed by the other; the public allegations of corruption and abuses of power made against the Attorney-General Tan Sri Gani Patail, are only some of the “skeletons” rattling in the national cupboard but nobody expects the UMNO/BN administrations to get to the bottom to uncover their truths.

Only a change of Federal Government in Putrajaya in the 13GE in the next 100 days can resolve and appease all the “ghosts” of the UMNO/BN administrations, particularly of the past three decades – including who was responsible for the murder of auditor Jalil Ibrahim in Hong Kong in the first mega-scandal of the Mahathir era, the RM2.5 billion Bumiputra Malaysia Finance (BMF) scandal in the eighties.

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  1. #1 by drngsc on Thursday, 20 December 2012 - 9:05 am

    Agreed. This present government ( UMNO ), has loss all legitimacy to rule.
    They have lost all respect for themselves. They unashamely steal, twist and turns the rules, bribes, corrupts openly. Abuse their power openly.
    They lost all respect for us, calling us names not so long ago. Invade churches under false pretenses, make false claims with no basis, that Christians are going to take over the government.
    They lost all respect for Malaysia, selling our country to foreigners so that our election can be decided by illegal foreigners.
    They have to go.

    We must change the tenant at Putrajaya. GE 13 is coming. Let us work very very hard. Support the final push to Putrajaya. First to PR rally on 12th Jan 2013, then to GE 13, then to Putrajaya.

    Change we must. Change we can. Change we will.

  2. #2 by sotong on Thursday, 20 December 2012 - 9:13 am

    This is only the tip of the iceberg.

    The more you know, the more disgusted and betrayed you feel.

  3. #3 by cseng on Thursday, 20 December 2012 - 10:45 am

    If shakeaspear were still alive… he would replace the word ‘Denmark’ to ‘Malaysia’.

    Look at the bright side, we make it to the top.

  4. #4 by monsterball on Thursday, 20 December 2012 - 10:59 am

    I am glad that the auditor….Jalil Ibrahim’s death in HongKong on the BMF case is not forgotten. I believe it was Lim Kit Siang exposing the corruption.
    30 passed and corruptions and murders …on going and the masterminds are never caught.
    The report…revealing Malaysia is second to China in money laundering is shocking if not most embarrassing…..and Najib keep saying….”we will investigate”….which Malaysians are sick of the tidak apa attitude…unless he is covering up….for reasons he knows best.

  5. #5 by cseng on Thursday, 20 December 2012 - 11:36 am

    How can we don’t make it to the top?

    It is illicit for GFI, but it is not illicit to our standard.

    It is a business – politcal business, an industry – political industry! Politic is the capital, business from that industry, the illicit outflow is the gains.

    It is a yard-stick for how massive that business has grow!. Do you know any filthy rich from any industry than political industry? give me a name, pls.

    We have been moving from commodity capital, into man-made-capital (construction, industrialization), get stuck from turning into high-value capital and de-tour into political capital!. Thanks to our father of modernization!

  6. #6 by gofortruth on Thursday, 20 December 2012 - 1:57 pm

    High time for a change of the federal government to help clean up the mess and put our nation on a healthy progressing path.

  7. #7 by boh-liao on Thursday, 20 December 2012 - 2:18 pm

    U know Y we hv such a humongous illegal capital flight fr d country?
    Y AhCheatKor keeps delaying GE13 until d very last minute?

    D TWO r CONNECTED! Y? Elementary, my dear Watson

    UmnoB/BN kaki NOT confident abt winning in GE13, so AhCheatKor delays GE13 as long as legally possible
    Meanwhile, during the long delayed period, UmnoB/BN kaki sapu, korek as much as possible $$ n illegally funnel d ill-gotten corrupt $$ out of M’sia
    D longer GE13 is delayed, d MORE illegal capital flight fr d country by UmnoB/BN kaki
    Kind of insurance lah, jiak kah liao lor, jiak pah pah lor, hence record $$$ in flight

  8. #8 by yhsiew on Thursday, 20 December 2012 - 2:31 pm

    It is better to live in another country than to be locked up in a little cell when PR takes power. I wonder if this is part of the reason why dirty money is leaving the Malaysian shore – corrupt errant politicians are planning to emigrate in case PR takes federal power.

  9. #9 by Bunch of Suckers on Thursday, 20 December 2012 - 3:25 pm

    BN/UMNO Suckers! Don’t Mr George W Bush’s motto, “You can steal… you can run; but you cannot hide…”

    When PR in power, you will be found wherever you hide, SUCKERS and mama-toppers!

  10. #10 by changay on Thursday, 20 December 2012 - 5:23 pm

    All ill-gotten gains that are siphoned out of the country must be recovered and returned to the rakyat. It may take years, but this should be a priority by the PR government when it is elected to the Federal Government.

  11. #11 by boh-liao on Thursday, 20 December 2012 - 5:40 pm

    Ha, ha – UmnoB/BN kaki r singing: “All my bags r packed, I’m ready 2 go …… I’m leaving on a jet plane ….”
    Just look at Sarawak’s pek moh n his family – Can U guess how much ill-gotten $$$ hidden overseas?

  12. #12 by monsterball on Thursday, 20 December 2012 - 6:07 pm

    I read it that LKS can publish a post but not any comments supporting the post….making him indirectly supporting the post…..through his visitors.
    Is there any reasons for LKS to be so cautious?
    Or is it his moderator doing a silly job?

  13. #13 by mendela on Thursday, 20 December 2012 - 10:35 pm

    Read this, Mamak’s name is again high up at the chart!

    http://en.wikipedia.org/wiki/List_of_heads_of_state_and_government_by_net_worth

  14. #14 by boh-liao on Friday, 21 December 2012 - 1:06 am

    TGIF, 21-12-2012, doomsday (D-day) per d Mayan Calendar

    Where have all the billions RM gone?
    Long time p@ssing
    Where have all the billions RM gone?
    Long time ago
    Where have all the billions RM gone?
    Gone to UmnoB/BN overseas accounts every one
    Oh, when will they ever learn?
    Oh, when will they ever learn?
    http://www.youtube.com/watch?v=IvC9sbK725M

  15. #15 by john on Friday, 21 December 2012 - 8:07 pm

    Woh !, A WHOPPING US$44 BILLION (2011) as listed by Wikipedia. So filthy rich ! by any standard. Even 1 % of that is US$ 440 Million , right ? or more. Hence, can’t be wrong (10% PM , something like that ?) if is, say, 1% (right) of that, how a PM’s pay over 22 years can add up to this sum. Or , am wrong again ? (felt dizzy due to these figures )
    (note: thanks to mendela #13 above for providing the link.)

  16. #16 by john on Friday, 21 December 2012 - 8:25 pm

    The posting #10 above, jolted my memory that read elsewhere – they ploughed it back as FDI , best way to legitimize the loot and have ultimate control and power , to milk the nation further with ‘own backyard’ full protection and further priviledges.
    eg. ‘Sosso’ a M’sian (invested) Philippines co. has re-invested back home – at least, to account for some of wealth and activities when needed.
    Or, I got it all wrong again ? Any feedback/comment appreciated.

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