Archive for category Parliament

Why is Hadi parroting the line of UMNO propagandists and cybertroopers accusing the DAP of being “chauvinist” in wanting to have local government elections?

PAS President Datuk Seri Abdul Hadi Awang is quoted as calling the DAP “chauvinist” for trying to restore local council elections in his press conference inBatu Pahat on Sunday.

I am amazed as to why the head of a political party which rivals UMNO is parroting the line of UMNO propagandists and cybertroopers who had been accusing the DAP of being “chauvinistic” in wanting to have local government elections, as one would expect more originality and even creativity from Hadi!

I am particularly surprised by Hadi’s charge of “chauvinism”, after he and PAS leaders had asked for DAP agreement after the 13th General Election that Hadi should be seated at the second Opposition seat next to the Parliamentary Opposition Leader, although PAS parliamentary representation was the smallest with 21 MPs as compared to DAP’s 38 and PKR’s 30.

However, without hesitation, I consented to the arrangement for Hadi to be seated in the second Parliamentary seat for Pakatan Rakyat benches, which would not be the case if DAP is “chauvinistic” as Hadi is now charging, as we would then be subjecting all considerations to the question of racial interest.

However, I had no qualms in immediately agreeing to the PAS request for Hadi to be seated in the second Opposition front-bench seat in Parliament although PAS had the least number of MPs among the three Pakatan Rakyat parties, for we in the DAP are always prepared to rise above self and party interests if this would serve the larger purpose of promoting the Pakatan Rakyat cause of bringing about political change in Malaysia towards restoring freedom, justice, human rights and dignity and save Malaysia from becoming a failed state because of rampant corruption, injustices and collapse of good governance.

It is to say the least, an “unkind cut” that after securing the second seating in Parliament by pleading the cause of ‘face” for the Malay ground and among PAS members, for Hadi to turn around and accuse me and DAP of being “chauvinist”. Read the rest of this entry »

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Meeting of progressive MPs in Parliament at noon tomorrow provides ideal platform for Najib to clear himself of WSJ allegation of embezzlement – and the Prime Minister is most welcome

The meeting of progressive Members of Parliament in Parliament at noon tomorrow provides an ideal platform for the Prime Minister, Datuk Seri Najib Razak, to clear himself of the Wall Street Journal allegation of embezzlement – and Najib is most welcome to make use of the platform.

Progressive MPs are meeting in Parliament tomorrow on the theme “Quo Vadis Malaysia with a Prime Minister accused of embezzlement” because responsible and patriotic MPs are most disturbed and shocked by the Wall Street Journal report last Friday that Malaysian investigators have found almost US$700 million (RM2.6 billion) of 1MDB’s funds have been deposited into Najib’s personal bank accounts.

The Wall Street Journal allegation has shaken Malaysian body politics to its very core for two reasons:

• No categorical denial by the Prime Minister of the existence of such personal bank accounts or the deposit of some US$700 million (RM2.6 million) funds into the personal bank accounts in the past three days in an information era which operates on 24/7 basis;

• Confirmation by the Attorney-General Tan Sri Abdul Gani Patail that he has viewed documents collected by a government special task force quartet comprising Bank Negara Malaysia (BNM), Malaysian Anti-Corruption Commission (MACC), Royal Malaysian Police (RMP) and the Attorney-General’s Chambers (AGC) relating to the alleged transfer of 1MDB funds into Najib’s bank accounts.

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Progresive MPs to meet in Parliament on Tuesday on “Quo Vadis Malaysia with a Prime Minister accused of embezzlement not only by Wall Street Journal but by government probe”

For the past two days, the Wall Street Journal (WSJ) report yesterday that Malaysian investigators have found almost US$700 million (RM2.6 billion) of 1MDB’s funds have been deposited into Prime Minister Datuk Seri Najib Razak’s personal bank accounts have shaken the Malaysian body politics to its very core.

Overnight, Malaysian politics underwent a sea-change and Malaysian politics will never be the same again, before and after the WSJ Report “Investigators Believe Money Flowed to Malaysian Leaders’ Accounts Amid 1MDB Probe” on Friday.

Everyone is back to the drawing board, to compute anew what are the political possibilities of the country.

Three events of such a sea-change in Malaysian politics in the last 24 hours are: Read the rest of this entry »

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Why can’t Najib just say “yes” or “no” to the grave WSJ allegation that almost US$700 million (RM2.6 billion) were deposited into Najib’s personal accounts before the 13th General Election

All mainstream media blared that the Prime Minister Datuk Seri Najib Razak has vehemently “denied” the report by Wall Street Journal, entitled “Investigators Believe Money Flowed to Malaysian Leader’s Accounts Amid 1MDB Probe”.

But Najib deny the WSJ report?

What Najib said last night was “I have never taken funds for personal gain as alleged by my political opponents – whether from 1MDB, SRC International or other entities, as these companies have confirmed.”

Why can’t Najib just say “yes” or “no” to the grave WSJ allegation that almost US$700 million (RM2.6 billion) were deposited into Najib’s personal accounts before the 13th General Election.

WSJ had reported that documents show that “By far the largest transactions were two deposits of US$620 million and US$61 million in March 2013, during a heated election campaign in Malaysia”.

Is Najib denying that the two deposits of US$620 million and US$61 million were deposited into his personal bank accounts in March 2013, or he is admitting that there were such deposits but he had never taken the funds for personal gain – whatever Najib’s definition of “personal gain”? Read the rest of this entry »

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Is it the Prime Minister’s idea to direct the Auditor-General to audit the 1MDB accounts accompanied by a secret directive to the AG not to make the interim report public?

Is it the Prime Minister, Datuk Seri Najib Razak’s idea to direct the Auditor-General to audit the debt-laden 1MDB accounts, accompanied by a secret directive to the Auditor-General not to make the report public?

Such an arrangement defeats the very purpose and principles of an open, accountable and transparent governance which have “Nothing2Hide” as far the controversial 1MDB’s affairs are concerned as well as destroys the original rationale of asking the Auditor-General to vet 1MDB’s finances to demonstrate that the Prime Minister and his Government are prepared to withstand the most intense scrutiny.

Earlier Auditor General, Tan Sri Ambrin Buang has said that the interim report of the audit of the 1MDB would be ready in June.

This is 1st July and the interim report of the Auditor-General on the 1MDB is still being awaited.

The Parliamentary Public Accounts Committee Chairman Datuk Nur Jazlan Mohamad has said that the Auditor-General’s interim report on the 1MDB would not be made public, but only to be distributed to the PAC members.

This is unsatisfactory and unacceptable. Read the rest of this entry »

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Is Shabery prepared to have a debate with Tony Pua on TV on 1MDB to gauge whether Pua has popular support for his sterling role in demanding accountability and transparency in the 1MDB scandal?

The UMNO/Barisan Nasional agenda to remove DAP MP for PJ Utara, Tony Pua from Parliamentary Public Accounts Committee (PAC) hearings on the 1MDB scandal is still on stream and seeking to gather greater support, enlisting Ministerial endorsement after the campaign opener by Prime Minister’s choice lawyer Tan Sri Muhammad Shafee Abdullah and former Cabinet Minister and PAC Chairman Datuk Sri Shahrir Abdul Samad.

This is why the Communications and Multimedia Minister Datuk Seri Shabery Cheek has waded into the 1MDB/PAC controversy to spearhead the UMNO/BN guerrilla campaign and tactics demanding that Pua be removed from the PAC hearings on the 1MDB scandal.

Shabery claimed that by his outspokenness on the 1MDB scandal, Pua had “not only shamed the PAC, but also the parliamentary system itself and was no longer qualified to sit in the PAC”.

Shabery was quite hysterical when he charged: “He (Pua) makes biased statements, he should be ashamed, his party should be ashamed, his supporters and those associated with him should also feel ashamed.”

Shabery has indeed made a sorry spectacle of himself.

It is Shabery who should be thoroughly ashamed, and UMNO/BN and the Cabinet who should feel ashamed, for his hysteria and spearheading the UMNO/BN guerrilla campaign and tactics to remove Pua from PAC hearings on 1MDB scandal. Read the rest of this entry »

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A new RM17.8 bil twist in 1MDB ‘guarantee’

P. GUNASEGARAM
KiniBiz
JUNE 29, 2015

TIGERTALK

Tony Pua and 1Malaysia Development Bhd (1MDB) are in dispute over whether there’s a government guarantee or not over US$4.71 bil (RM17.8 bil) IPIC loans to the latter. But taking off the semantics and just maintaining the meaning shows Pua is clearly right.

Latest developments at self-styled strategic development company 1MDB indicates yet again that it is not fully forthcoming on the problems that are affecting it, in this case a loan and guarantee arrangement between 1MDB and Abu Dhabi’s International Petroleum Investment Company (IPIC) and its subsidiary Aabar Investments PJS involving US$4.5 billion (RM17 billion).

MP Tony Pua first highlighted this referring to a London Stock Exchange (LSE) statement by IPIC on changes to its debt settlement arrangements with IPIC. Presumably, since IPIC is an international borrower whose debts are listed on the LSE, it had to make those disclosures to the exchange.

That IPIC statement clearly sets out obligations under the debt settlement agreement. Essentially, the terms covered were as follows:

*on 4 June 2015, IPIC provided US$1 billion to 1MDB for it to immediately settle some liabilities. On the same day IPIC assumed obligations to pay (on an interim basis) all interest due under two IPIC guaranteed 1MDB financings amounting to US$3.5 billion.

*by 30 June 2016, about a year from now, IPIC is to have received a transfer of assets representing the RM1 billion cash payment, the US$3.5 billion debt and any debt forgiveness.

*Upon the completion of the transfer of assets, IPIC will directly assume liability for all payment obligations under the US$3.5 billion debt and forgive certain financial obligations of the 1MDB Group to the IPIC Group.

*Finally, 1MDB and MOF (Ministry of Finance) have agreed to perform the obligations in the binding term sheet and to indemnify IPIC and Aabar for any non-performance, and vice versa. IPIC has met the US1 billion cash payment and will meet the interim interest payments under the US$3.5 billion debt from existing liquidity available.

From the fourth condition, it emerged clearly that the MOF now also assumes liability together with 1MDB for transferring the necessary assets to IPIC. Read the rest of this entry »

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Empire Strikes Back (Part IV) – is the script for 1MDB executives Arul and Shahrol to walk out of PAC hearings, probably escorted by Shafee as their counsel, and boycott of PAC proceedings on 1MDB on the ground that Tony Pua has not stepped down as PAC member?

The highly-paid Public Relations Consultants of the Prime Minister, Datuk Seri Najib Razak and 1MDB (as Najib is both in law and fact the final approving authority of 1MDB) have gone into an overdrive of offensives since the arrest of former PetroSaudi International (PSI) IT executive, Xavier Andre Justo in Thailand six days ago for attempting to blackmail his former employer on leaked information.

One can already discern four chapters in “The Empire Strikes Back” offensives overdrive:

Chapter 1 – the arrest of the 49-year-old Justo, a Swiss national and former PSI IT executive at around 3 pm on Monday (June 22) at a house in Koh Samui, Thailand with computers, hard drives and other data storage devices.

Chapter 2 – Campaign of demonisation and character-assassination of Justo led by UMNO media like the New Straits Times portraying Justo as a “hedonistic” and “greedy” blackmailer with a photograph of him covered in tattoos on its front-page.

Chapter 3 – Vague and unsubstantiated allegations by Malaysian Cabinet Ministers of tampered leaked information about the 1MDB scandal and threats by the Home Minister, Datuk Seri Zahid Hamidi against the media under the Printing Presses and Publications Act (PPPA) for reporting “tampered” and inaccurate facts about the 1MDB scandal, again without any substantiation of these allegations.

Are we now in Chapter 4 of “The Empire Strikes Back”, featuring Najib’s choice prosecutor Tan Sri Muhammad Shafee Abdullah who accomplished the mission to ensure that Datuk Seri Anwar Ibrahim is now incarcerated in Sungai Buloh prison as a result of Anwar’s Sodomy II trial. Read the rest of this entry »

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Najib staged a second 1MDB “Nothing2Hide” disappearance when he absented himself from in Parliament yesterday to avoid having to personally answer the questions about the biggest financial scandal in nation’s history

In ten days, the Prime Minister, Datuk Seri Najib Razak staged a second 1MDB “Nothing2Hide” disappearance when he absented himself from Parliament yesterday to avoid having to personally answer the questions about the biggest financial scandal in the nation’s history.

Not only Members of Parliament from both sides of Parliament, but ordinary Malaysians are entitled to ask why the Prime Minister can give a special briefing to over 1,000 UMNO division information chiefs and selected NGO representatives on Sunday on the RM42 billion 1MDB scandal, but he was not prepared to give similar briefing in Parliament the following day during the winding-up of the debate on the 11th Malaysia Plan?

Is this because the Sunday briefing for UMNO division information chiefs and selected NGO representatives was a tame one-way traffic and monologue while Najib would not be able to have a docile and timid audience in Parliament, especially as MPs, in particular DAP MP for Petaling Jaya Utara Tony Pua and PKR MP for Pandan, Rafizi Ramli would have endless minefields for the Prime Minister to negotiate if there is a genuine free-for-all in the Dewan Rakyat on the RM42 billion 1MDB scandal? Read the rest of this entry »

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Is Najib giving an undertaking to nation that he and all his Ministers will resign and retire from politics if the 1MDB scandal and all-related 1MDB issues are not resolved by the end of the year?

It has been reported that the Prime Minister, Datuk Seri Najib Razak, has given his assurance to some 1,000 Umno divisional leaders and selected representatives of NGOs yesterday that the controversy surrounding the state investment arm 1Malaysia Development Bhd (1MDB) will be resolved by year-end.

This is indeed good news, but instead of broadcasting from the rooftops, the Prime Minister seems to be very coy about it, and Datuk Seri Najib Razak not only made it at a closed-door function but the report was not an announcement from the horse’s mouth but in the form of a leaked version by one or two persons who attended Najib’s special briefing on the RM42 billion 1MDB scandal – which would allow for a subsequent denial of its veracity.

Yesterday I asked why Najib, as the final approving authority for all 1MDB decisions, in law and in fact, was prepared to brief UMNO division leaders and selected NGO representatives but not in Parliament on the 1MDB controversy.

Malaysians are still waiting for Najib’s answer. Read the rest of this entry »

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Why is Najib, as final approving authority for 1MDB, in law and in fact, prepared to brief UMNO division representatives but not Parliament on 1MDB controversy?

The Sunday Star reported that the Prime Minister, Datuk Seri Najib Razak will brief UMNO division information chiefs today on the 1MDB controversy as he steps up efforts to counter mounting attacks against him on the issue.

The question that immediately comes to mind is why Najib, who is the final approving authority for all 1MDB decisions, in law and in fact, prepared to brief UMNO division representatives but not Parliament on the 1MDB controversy?

Najib is the final approving authority for all 1MDB decisions in law and in fact because Najib is responsible in law as 1MDB is a government company and as the Prime Minister as well as Finance Minister he must accept full and final responsibility for all of 1MDB actions although he may not be responsible for its day-to-day operations; and responsible in fact, because under Clause 117 of the 1MDB Memorandum and Articles of Association Agreement (M&A), the Prime Minister must give his written approval for any of 1MDB deals, including the firm’s investments or any bid for restructuring. Read the rest of this entry »

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Pandikar should agree to an urgent motion in Parliament to allow televised PAC hearings on 1MDB scandal as a first step to parliamentary reforms in Malaysia

Members of Parliament from both sides of the House are in full support of the Speaker, Tan Sri Pandikar Aman Mulia to push for parliamentary reforms to eradicate Parliament’s negative image of “rubber stamp” of the Executive and to ensure separation of powers is in place.

The Speaker should not wait until next year to test out whether proposals for parliamentary reforms could be accepted and implemented by the Executive, as parliamentary reforms which meet immediate public needs should be carried out without any delay.

One such immediate parliamentary reform is for the Public Accounts Committee hearing particularly on the biggest scandal in the country – the RM42 billion 1MDB scandal – to be held in public and to bde televised live, as is the position of Dewan Rakyat proceedings. Read the rest of this entry »

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Najib’s “Nothing2Hide” forum has infamously boomeranged into a Public Relations disaster and its time the Prime Minister have a “tell all” session in Parliament to demonstrate that he has really nothing to hide in the RM42 billion 1MDB scandal

Prime Minister Datuk Seri Najib Razak’s “Nothing2Hide” forum scheduled this morning has infamously boomeranged into a Public Relations disaster and its time the Prime Minister have a “tell all” session in Parliament to demonstrate that he has really nothing to hide in the RM42 billion scandal.

Never before in the nation’s history has the Prime Minister become the butt of national jokes, to the extent that Najib’s failure to show up at the 1MDB “Nothing2Hide” forum this morning has become an instant and foremost national news, overshadowing all other developments in the country, including the worst earthquake which hit Ranau and Mount Kinabalu areas this morning and the PAS Muktamar in Kuala Selangor.

In one fell swoop, the painstakingly-orchestrated and highly-funded campaign to present Najib as the most popular Prime Minister in the nation’s history, and in the process, to claim that he has popular endorsement for his controversial handling of the RM42 billion 1MBD scandal, has been destroyed by the farce of Najib’s “no show” on the grounds of the Inspector-General of Police, Tan Sri Khalid Abu Bakar’s tweet directive to cancel the forum – after it was known to all that former Prime Minister Tun Mahathir would be at the forum.

It does not speak well for Najib’s “Bugis warrior spirit” or the Royal Malaysian Police’s prowess and professionalism that it could not ensure order and security in an indoor dialogue involving some 1,500 people. Read the rest of this entry »

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Will Najib sack Khalid as IGP for gross incompetence and lack of professionalism where police could not maintain order, security and national harmony in an indoor dialogue involving 1,500 people in the very sanctum of UMNO headquarters?

In one fell swoop, the painstakingly-orchestrated and highly-funded campaign to present Datuk Seri Najib Razak as the most popular Prime Minister in the nation’s history, and in the process, to claim that he has popular endorsement for his controversial handling of the RM42 billion 1MBD scandal, collapsed as a result of the misjudgment over the 1MBD “Nothing2Hide” Forum at the UMNO sanctum at Putra World Trade Centre this morning.

Despite his boast of “Bugis warrior spirit”, Najib developed cold feet at the last minute and dared not show up at the forum when it was confirmed that his 1MDB critics, especially former Prime Minister Tun Dr. Mahathir, would show up for a “high noon” encounter with him.

What is most reprehensible is Najib’s roping in the police, and the preparedness of the Inspector-General of Police, Tan Sri Khalid Abu Bakar to “play ball” by tweeting a police order to cancel the 1MDB “Nothing2Hide” forum on the grounds of public order and national harmony.

Something is really very amiss with the Royal Malaysian Police when it cannot even maintain order, security and national harmony in an indoor forum attended by some 1,500 people in the very sanctum of UMNO headquarters! Read the rest of this entry »

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Najib should present Ministerial statement in Parliament on Monday how as final approving authority, he had allowed 1MDB scandal to balloon into a RM42 billion scandal in six years

Now that it has been established beyond a shadow of doubt, with the Second Finance Minister, Datuk Seri Husni Hanadzlah finally admitting publicly in his TV1 interview on the 1MDB on Wednesday night that the Prime Minister, Datuk Seri Najib Razak is the final approving authority for 1MDB deals, investments and transactions, Najib should present a Ministerial statement in Parliament on Monday to explain how he had allowed the 1MDB scandal to balloon into a RM42 billion scandal in six years.

Among the issues Najib should explain in his Ministerial statement on 1MDB to Parliament are the following nine items: Read the rest of this entry »

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Now that the government has finally admitted that the PM is the final approving authority for 1MDB transactions, are Cabinet meetings in March and May on 1MDB chaired by Najib valid, proper and legal because of conflict of interest?

For the first time in six years, the government, through the Second Finance Minister, Datuk Seri Husni Hanadzlah in his TV1 interview on “1MDB: Di mana wangnya?” last night, has finally admitted that Datuk Seri Najib Razak as the Prime Minister is the final approving authority for 1MDB deals, investments and transactions.

Husni said the Prime Minister represents the Government, which is why his written approval is needed for any financial deal undertaken by the 1Malaysian Development Bhd (1MDB).

This is a very lame and poor excuse, for by this reasoning, there must be umpteenth government companies which have the same provision as 1MBD which provides under Clause 117 of its Memorandum and Articles of Association (M&A) that the Prime Minister must give his written approval for any 1MHD deals, including the firm’s investments or any bid for restructuring.

If the Prime Minister has to give his “written approval” for the deals of umpteenth government companies, he would have little time to be Prime Minister proper.

As far as I know, 1MDP is the first case where the Prime Minister’s “written authority” is needed for any financial deal undertaken by a government company. I understand there is a second such case of a government company with such a provision which also happened under Najib’s tenure as Prime Minister.

I am prepared to stand corrected, but can Husni, who seems to be relishing his role in a new bout of transparency of the Najib government, clarify this matter and if I am right, explain this phenomenon as well as identify the second company which has this 1MDB Clause 117 provision requiring the Prime Minister’s “written consent” before any deal or restructuring before the country is landed with another major financial scandal. Read the rest of this entry »

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Cabinet should be given adequate time for Ministers to understand and study the Save 1MDB roadmap before a Cabinet decision is taken while Najib should “tell all” about his 1MDB dealings in the past six years

The Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah announced yesterday that the Finance Ministry will present a roadmap for 1MDB to the Cabinet today to solve the problems plaguing the 1MDP and to counter negative perceptions on the strategic investment fund company.

The Prime Minister, Datuk Seri Najib Razak and the second Finance Minister Husni should be fair to their ministerial colleagues in the 35-strong Cabinet, who should be given adequate time to understand and study the Save 1MDB Plan before a Cabinet decision is taken as all the Ministers have to bear collective responsibility for the success or failure of the Save 1MDB Plan once it is approved by the Cabinet.

The Cabinet should not repeat the farce of its March 4 meeting when the Ministers went through the motions of being briefed by 1MDB and its auditors Deloitte, with few Ministers understanding what was going on, but the Cabinet still prematurely and foolishly cleared the troubled fund of wrongdoing and issued 1MDB with a clean bill of health and integrity.

Without comprehensive Cabinet papers for the Ministers to understand the 1MDB scandal, without access to the thousands of 1MDB transactions and email which London’s Sunday Times and Sarawak Report said they had obtained access to, despite attempts by 1MDB at the end of last year to call in all of its computers, employee laptops and servers to wipe them clean of such transactions and emails, how could the Cabinet clear the 1MDB of any wrongdoing?

This has led to the shocking spectacle of the Deputy Prime Minister, Tan Sri Muhyiddin Yassin, declaring after more than two months after the Cabinet meeting which cleared 1MDB of wrongdoing that the 1MDB Board should be sacked and the police called in to investigate 1MDB. Read the rest of this entry »

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Speaker should intervene and rule whether PM had abused the Standing Orders to avoid answering pertinent questions about the 1MDB scandal – which is the first step towards parliamentary reform in Malaysia

The Speaker Tan Sri Pandikar Amin Mulia should intervene and rule whether the Prime Minister, Datuk Seri Najib Razak had abused the Parliamentary Standing Orders to avoid answering pertinent questions about the RM42 billion 1MDB scandal – which is the first step towards parliamentary reform in Malaysia.

Najib yesterday dodged the question by the DAP MP for PJ Utara, Tony Pua whether the 1MDB management had only met with PetroSaudi International Limited for the first time on September 23, 2009, five days before both parties inked a deal in London; and whether the agreement was approved by the 1MDB Board of directors at the time.

Najib cited Dewan Rakyat Standing Orders 23(1)(i) to avoid answering the question.

Parliamentary Standing Orders 23(1)(i) states that “a question shall not be asked as to whether statements in the press or of private individuals or financial bodies are accurate”.

Najib said that the issue raised by Pua “is based on news report by a news portal that cannot verify the authenticity of the source of the report”.

This is a blatant abuse of the parliamentary process designed to ensure government accountability and good governance. Read the rest of this entry »

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Who will “bell the cat” at the Cabinet meeting tomorrow, insisting that Najib should “tell all” to the Ministers and immediately testify at the PAC hearing on 1MDB scandal as it is now established that the PM is the final approving authority for all 1MDB deals

Who will “bell the cat” at the Cabinet meeting tomorrow, insisting that Datuk Seri Najib Razak should “tell all” to the Ministers and immediately testify at the Public Accounts Committee (PAC) on the 1MDB scandal, as it is now established that the Prime Minister is the final approving authority for all 1MDB deals?

Will the Deputy Prime Minister, Tan Sri Muhyiddin, whose speech at an UMNO function on 16th May wanting the 1MDB Board to be sacked and the police called in to investigate – whose recording had been visited more than half a million on times on You Tube – “bell the cat”?

In fact, does Muhyiddin know that the Prime Minister is the final approving authority for all 1MDB deals – as provided by the company’s Memorandum and Articles of Association (M&A) agreement which made it very clear that the Prime Minister has the final say over any “financial commitment” of the company?

Do the Cabinet Ministers know that the Prime Minister is the final approving authority for all 1MDB’s financial deals?

If not, how can the Cabinet Ministers allow the Prime Minister to mislead them in such a colossal manner; and if yes, why have they given the Prime Minister such a “blank cheque” without any check and balance as to plunge the country into a RM42 billion scandal – despite numerous warnings and queries by DAP MP for PJ Utara Tony Pua and PKR MP for Pandan Rafizi Ramli in the past four years, and with increasing intensity in the past two years since the 13th General Elections on May 5, 2013?

Would the Cabinet tomorrow demand Najib to “tell all” about his decisions as the final approving authority of 1MDB, before requiring Najib to “tell all” to Parliament and the nation.

Or is there nobody in the Cabinet who will “bell the cat” tomorrow? Read the rest of this entry »

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Call for immediate halt to the parliamentary debate on the 11Malaysia Plan for Najib to make a ministerial statement on his role in the 1MDB scandal followed by a two-day debate tantamount to whether Najib still enjoy confidence of Parliament

1Malaysia Development Bhd (1MDB)’s president and group executive director Arul Kanda Kandasamy was supposed to be overseas on an assignment making it impossible for him to attend the scheduled Public Accounts Committee (PAC) hearing on the 1MDB scandal yesterday.

However, in the last two days, Arul had been unusually productive and accessible, making three media responses raising the question whether he is really overseas.

The first was 1MDB media statement on Monday in immediate response to the media conference by the PAC Chairman, Datuk Nur Jazlan Mohamed that in place of the testimony by Arul and the former 1MDB CEO Shahrol Halmi, the PAC would move on to question the three firms that audited 1MDB.

In the statement, Arul reiterated that 1MDB will “extend its full co-operation” to the PAC and that both he and Shahrol “look forward to appearing before the committee and having the opportunity to clarify 1MDB’s position”.

The second was Arul’s statement yesterday refuting reports that 1MDB had only informed the PAC of the 1MDB duo’s no-show at the eleventh hour despite the notice to attend the hearing two weeks ago.

Arul said it was only on May 21 that 1MDB received a letter from the Ministry of Finance, appending the invitation sent by the PAC, raising the question why and who in the Finance Ministry who sat on the PAC requisition on May 6 summoning the 1MDB duo to the PAC hearing yesterday – and whether the Finance Ministry official concerned would be disciplined.

But it was Arul’s third media statement last evening which “cooked the goose” so to say. Read the rest of this entry »

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