Why the Wall Street titan Goldman Sachs should contact the Malaysian Government to offer an acceptable settlement for its criminal facilitation of the 1MDB “kleptocrtacy at its worst” scandal

It is most ironic that the Wall Street titan Goldman Sachs is criminally involved in the facilitation of the 1MDB “kleptocracy at its worst” scandal of Malaysia.

Goldman Sachs has produced top-notch United States government leaders, and some of the former Goldman Sachs employees who have moved on to top government positions include former US Secretaries of the Treasury Robert Rubin and Henry Paulson and current US Secretary of the Treasury Steven Mnuchin, former US Chief Economic Adviser Gary Cohn, European Central Bank President Mario Craghi, former Bank of Canada and current Governor of Bank of England Mark Carney.

In addition, former Goldman employees have headed the New York Stock Exchange, the World Bank, and competing banks such as Citigroup and Merrill Lynch.

Goldman Sachs has a compliance group responsible for managing and overseeing compliance policies and internal accounting controls covering bribery, money-laundering, conflicts of interest, personal investments, outside activities, etc.

Goldman Sachs Chief Executive David Solomon said in Singapore last week that he felt “horrible” that two former employees “blatantly broke the law” in their dealings with Malaysian state fund 1Malaysia Development Berhad. Read the rest of this entry »

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Not enough for global mega-bank Goldman Sachs to feel “horrible” for its principal role in the international 1MDB corruption and money-laundering scandal, as it is time for it to explain how it is going to compensate 32 million Malaysians for their criminal breach of trust and kleptocracy

The Goldman Sachs chief executive David Saloman said in Singapore last week that he felt “horrible” that two former employees “blatantlyh broke the law” in their dealings with 1MDB.

It is not enough for the global mega-bank Goldman Sachs to feel “horrible” for its principal role in the interntional 1MDB corruption and money-laundering scandal, as it is time for it to explain how it is going to compensate 32 million Malaysians for its criminal breach of trust and kleptocracy, for it is crystal clear that without Goldman Sach’s criminal role, the 1MDB scandal would not have become, in the words of the former United States Attorney-General Jeff Sessions at the inaugural Global Forum on Asset Recovery last December , “kleptocracy at its worst”.

At the inaugural Global Forum on Asset Recovery, Jeff Sessions said that “nearly half of the US$3.5 billion in corruption proceeds we have restrained is related to just one enforcement action” – the 1MDB scandal. Read the rest of this entry »

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Documentary “Kleptocrats” about the 1MDB scandal making world premier in New York while the Supreme Kleptocrat in Malaysia continues in his bubble to deny existence of 1MDB scandal

Former UMNO Minister and UMNO Wanita leader, Tan Sri Rafidah Aziz has asked a most important and pertinent question about education in Malaysia at the Nurture, Engage, eXchange Leadership Conference in Penang yesterday: “What are you bringing up? Kleptos (thieves) and bullies?”

She said Malaysia has no need to come up with reports on the education system, as by the time the reports are written, the rest of the world would have already moved ahead.

So many studies, so many reports, but nobody looks at them. So no need”, she said. Read the rest of this entry »

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Hope that the US-China trade war will end at the G20 Leaders’ Summit in Argentina at the end of November

All over world, events are developing at unprecedented speed and it is important that Malaysians, if they are to succeed in the building of a New Malaysia which is a world top-class nation, keep abreast or even ahead of these developments.

China, for instance, led the world when China’s state news agency Xinhua this week introduced the newest members of its newsroom – AI (artificial intelligence) news anchors who will report “tirelessly” all day every day, from anywhere in the country.
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DAP and Pakatan Harapan in full support of China’s Belt and Road Initiative (BRI), but make it an all-win formula and it might even contest the “Clash of Civilisation” theory and lead to One Universal Civilisation for mankind

The Third Academic Forum on China’s Belt and Road Initiative (RBI) today cannot be more timely, held six months after the historic peaceful and democratic first transition of power in Malaysia after six decades to reset nation building policies to create a New Malaysia.

In this New Malaysia, academic forums and the civil society have an active and important role to play in Malaysia’s robust and vibrant democracy, which is open and receptive of diverse views about the future of Malaysia and the world, where dissent is not regarded as an act of disloyalty or anti-national expression which must be met with detention without trial or repressive authority of the state.

When the change of government in Putrajaya first took place six months ago, there were concerns about the China policy of Pakatan Harapan Government. Read the rest of this entry »

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Malaysians must always be reminded of the 1MDB scandal and the national catastrophe we avoided by a hair’s breadth six months ago until we have suceeded in redeeming ourselves by transforming Malaysia from a global kleptocracy into a leading nation of integrity

Six months ago, we were rushing headlong in the trajectory towards a rogue democracy, a kakistocracy where a Cabinet Minister could not differentiate between a turtle egg and a chicken egg and where even those with the of IQ of a carrot can hope to get into the Cabinet, and an instant global kleptocracy.

By a hair’s breadth, on May 9, 2018, Malaysians escaped the national catastrophe awating the country if we had continued unchecked towards such a trajectory towards disaster.

Voices are gathering saying that it is time to put the 1MDB scandal behind us now that multiple charges on the 1MDB scandal had been made against various personalities in the courts, including the former Prime Minister, Datuk Seri Najib Razak, his wife Rosmah Mansor, and that the people should leave it to the courts to adjudicate on the matter.

I cannot disagree more. Read the rest of this entry »

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Jeff Sessions was fired by Trump as US Attorney-General six months too late to be of any use to Najib to save him from the 1MDB “kleptocracy at its worst” scandal

Jeff Sessions was fired by US President Donald Trump as US Attorney-General six months too late to be of any use to Datuk Seri Najkb Razak to save him from the international 1MDB corruption, criminal breach of trust and money-laundering scandal.

This must be one of Najib’s greatest regrets – to think that he might have salvaged his political life and the Prime Ministership if Jeff Sessions had been sacked very much earlier, as he and his legion of propagandists and cybertroopers would then be able to crow that even President Trump had repudiated Jeff Session’s caustic indictment at the Global Forum on Asset Recovery last December that the 1MDB scandal was “kleptocracy at its worst” and that the US Department of Justice (DoJ) was working to provide justice to the victims!

All these historic “IFs” were of course subject to the greatest “IF” of all, i.e IF Najib had not been thrown out of Putrajaya by the Malaysian electorate in the historic peaceful and democratic transition of power first time in six decades in Malaysia.

All these possibilities, combinations and permutations are now so much water under the bridge, for it is completely unthinkable that under the present circumstances, Trump would even spend a second of his time on the question of how to bail out Najib – although things might have been different IF Najib had won the 14th General Election and remained as Prime Minister. Read the rest of this entry »

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I have asked Chong Chieng Jen whether Sarawak State Assembly could be the first State Assembly in Malaysia to condemn 1MDB “kleptocracy at its worst” scandal following the damning guilty plea of former Goldman Sachs banker Timothy Leissner to immoral and colossal theft of Malaysian public funds

I have asked the Sarawak Pakatan Harapan Chairman and Sarawak State Assembly Leader, Chong Chien Jen whether the Sarawak State Assembly could be the first State Assembly in Malaysia to condemn 1MDB “kleptocracy at its worst” scandal following the damning guilty plea of former Goldman Sachs banker Timothy Leissner to immoral and colossal theft of Malaysian public funds.

Chong will discuss with the Sarawak Chief Minister Abang Johari Abang Openg on the possibility of the Sarawak State Assembly taking the lead for all State Assemblies in Malaysia to condemn the heinous corruption, criminal breach of trust and money-laundering crimes committed in the 1MDB scandal, which involved tens of billions of ringgit of funds of Sarawakians and Malaysians. Read the rest of this entry »

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Let Najib reply to Utusan Malaysia and every Opposition MP take a stand on the latest Utusan position on Najib when Parliament reconvenes next week

Last Monday, I called on every Opposition Member of Parliament to declare his or her stand during the 2019 Budget debate in Parliament next week whether the 1MDB scandal was a national catastrophe and whether Datuk Seri Najib Razak should be held responsible for Malaysia becoming a global kleptocracy or whether all the things said by the Pakatan Harapan government on the 1MDB scandal were lies and slanders.

I suggested that there was no point of UMNO President, Datuk Seri Zahid Hamidi, in speaking although as Parliamentary Opposition Leader he would by convention open up the parliamentary debate on the 2019 Budget on Monday, if he is not prepared to declare his stand whether the 1MDB scandal was a national catastrophe and whether Najib should be held responsible for Malaysia becoming a global kleptocracy.

Yesterday, Zahid announced that the Barisan Nasional MPs have decided that instead of the traditional practice of the Parliamentary Opposition Leader opening up the 2019 Budget debate on Monday, the former Umno Youth leader, Khairy Jamaluddin will be the first speaker in the 2019 Budget debate.
Read the rest of this entry »

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Will Najib explain in Parliament next week why he betrayed UMNO, BN and Malaysia as he did nothing for over three years to purge Malaysia of the infamy of a global kleptocracy as a result of the 1MDB scandal despite US Attorney-General’s condemnation of “kleptocracy at its worst”?

I was in Perth in September and I met Greg Lopez, a research fellow at Murdoch University, who wrote a most prescient article in Forbes in August 2015 entitled “Malaysia’s Prime Minister: A Dead Man Walking?”.

Greg said the then Prime Minister, Datuk Seri Najib Razak had broken “a cardinal rule in politics” in inadvertently admitting “guilt” when the Malaysian Anti-Corruption Commission cleared him of any wrongdoing in accepting the infamous RM2.6 billion “political donation”.

He said Najib’s position was no longer tenable as Malaysians questioned his sincerity and trustworthiness. Read the rest of this entry »

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Triumph of good over evil – let us slay the 1MDB beast of evil, the worst man-made catastrophe to visit the land in six decades

Deepavali, the Hindu Festival of Light on the triumph of good over evil, is particularly significant for Malaysia this year, when the country made history and rejected rogue democracy, kakistocracy and global kleptocracy.

But the triumph of good over evil has is not done and complete, until Malaysia transforms from a global kleptocracy into a leading nation of integrity; rejects kakistocracy by leveraging on the best values and assets of the diverse races, religions, languages, cultures and civilizations which meet in confluence in Malaysia to elevate Malaysia into a top world class nation; and establish Malaysia as a leading light of democracy and good governance instead of a sham democracy – the mission of a New Malaysia.

This is a mission which cannot accomplished in 100 days or six months, but will take a decade or two.

Let every Deepavali henceforth be a report card of the triumph of good over evil in Malaysia until a New Malaysia is fully born. Read the rest of this entry »

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Let every Opposition MP declare his or her stand during the budget debate whether 1MDB scandal was a national catastrophe and whether Najib should be held responsible for Malaysia becoming a global kleptocracy

Forme Prime Minister, Datuk Seri Najib Razak made a big bang in his political debut on Saturday after his electoral debacle six months ago telling his loyal supporters the fable that UMNO/BN’s defeat in the 14th General Election was due to an uneven playing field marred by lies, slanders and empty promises by Pakatan Harapan and not the 1MDB scandal, which he continued to maintain does not exist.

Najib is perpetrating the 21st century Malaysian version of Emperor Has No Clothes with more lies, slanders and fake news! Read the rest of this entry »

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Do Malaysians want a New Malaysia or return to Najib’s kleptocratic Malaysia?

The 2019 Budget presented by Finance Minister, Lim Guan Eng in Parliament on Friday, 2nd November 2018 marks the first phase of the building of a New Malaysia started in the 14th General Election on May 9, 2018.

The building of a New Malaysia, made possible by the courageous efforts Malaysians to re-set nation building policies after six decades, cannot be accomplished in a hundred days or in six months, but will take a decade or two.

All Malaysians must develop a Big Picture and Long-term Vision perspectives. But an important start for the building of a New Malaysia has been made in the past six months, for Malaysia to fulfil the dream to be a top world-class nation leveraging on the values and assets of the diverse races, religions, languages, cultures and civilizations which meet in confluence in Malaysia. Read the rest of this entry »

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Most naïve for UMNO leaders to believe they can wash UMNO’s hand of 1MDB scandal when UMNO has not renounced the 1MDB scandal and over RM400 million 1MDB monies ended up in UMNO hands

It is quite naïve for UMNO leaders to believe that they can wash UMNO’s hand of 1MDB scandal when UMNO has not renounced the 1MDB scandal and over RM400 million 1MDB monies ended up in UMNO hands.

Deputy UMNO President, Mohamad Hasan said it is unfair, inappropriate and illogical to blame and punish Umno over the 1MDB scandal.

Is Mohamad Hassan saying it is fair, appropriate and logical for 32 million Malaysians and future generations should pay for the RM50 billion 1MDB scandal, when it was the sole creation of the UMNO/BN kleptocrats?

Mohamad said UMNO was not involved in the operation and transactions involving the wealth fund.

The UMNO Deputy President was being dishonest. How else to square with over RM400 million of 1MDB funds disbursed to various UMNO organisations and personalities! Read the rest of this entry »

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Three shocks from the Opposition in Parliament during the 2019 Budget presentation

I was wrong yesterday, I thought there would be an empty seat next to the Parliamentary Opposition Leader, Datuk Seri Zahid Hamidi, during the presentation of the 2019 Budget in the Dewan Rakyat yesterday as a day earlier, the United States Department of Justice had finally indicted fugitive financier Jho Loh and a former Goldman Sachs banker Tim Leissner had pleaded guilty to 1MDB corruption and money-laundering charges.

Jho Low was charged in the federal court at the Eastern District of New York for conspiring to launder billions of dollars embezzled from 1MDB.

Low and former Goldman Sachs banker Ng Chong Hwa, also known as Roger Ng, were also charged with conspiring to violate Foreign Corrupt Practices Act (FCPA) to paying bribes to Malaysian and Abu Dhabi officials. Read the rest of this entry »

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Can Najib continue to pretend that there is no such thing as the 1MDB scandal after the 1MDB criminal indictments in the US court, with Goldman Sachs banker Tim Leissner pleading guilty to corruption and money-laundering charges

Can former Prime Minister Datuk Seri Najib Razak continue to pretend that there is no such thing as the 1MDB scandal after the 1MDB criminal charges by the US Department of Justice (DOJ) against fugitive financier Jho Low, with former Goldman Sachs banker Tim Leissner pleading guilty to 1MDB corruption and money-laundering charges?

Jho Low was charged in the federal court at the Eastern District of New York for conspiring to launder billions of dollars embezzled from 1MDB.

Low and former Goldman Sachs banker Ng Chong Hwa, also known as Roger Ng, were also charged with conspiring to violate Foreign Corrupt Practices Act (FCPA) to paying bribes to Malaysian and Abu Dhabi officials.

Another former Goldman Sachs banker Tim Leissner had pleaded guilty to two charges of conspiring to launder money and conspiring to violate the FCPA by paying bribes to various Malaysian and Abu Dhabi officials, and forfeited US$43.7 million as a result of the crimes.

My first thought at the news in the United States was what would have happened if UMNO/Barisan Nasional had won the 14th General Election and Najib had not been toppled as Prime Minister on May 9, 2018. Read the rest of this entry »

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Did Najib ever cry for Malaysia?

“When the new coalition under Tun Dr Mahathir Mohamad reached 112 seats, we couldn’t help it. Both of us cried.”

This was said by a foreigner, former Swiss banker Xavier Justo when describing in an interview with Star what he and his wife, Laura, felt faraway in Switzerland on the historic night of the 14th Malaysian General Election on May 9, 2018.

The Swiss couple was not the only ones who cried that night.

Many Malaysians, inside and outside the country, cried that night – not out of anger, despair and hopelessness but because of disbelief, relief and hope that there is now a chance to save Malaysia.

These were the true patriots of Malaysia! Read the rest of this entry »

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The ghost of Altantunya will continue to haunt Najib and Malaysia until there is a full and satisfactory investigation as to the motive for the heinous murder of the Mongolian murder and the real murderers brought to justice

When the heinous murder and the mysterious disappearance of Saudi Arabian journalist, Jamal Kashoggi in the Saudi Arabian consulate in Istanbul hit the world headlines early this month, the first person I thought of was Altantnya Shaariibuu, who was murdered and whose remains destroyed with C4 explosives in Shah Alam on Oct. 16 twelve years ago.

The ghost of Altantunya Shaariibuu will continue to haunt former Prime Minister, Datuk Seri Najib Razak and Malaysia until there is a full and satisfactory investigation as to the motive for the heinous murder of the Mongolian murder and the real murders brought to justice.
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Is Najib prepared to spare the country from further pain, agonies and sufferings and come out with a forthright and straightforward admission of his major role in the 1MDB scandal?

The last five days must have been Datuk Seri Najib Razak’s worst five days in his entire life, which collectively should be worse than his darkest day of May 9, 2018 when he was toppled as the sixth Prime Minister of Malaysia and sent into the political wilderness.

On Friday, October 26, 2018, Najib’s house of cards propping up his claim that the international 1MDB corruption and money-launderintg scandal was fake news and a concocted internatuional conspiracy by his political enemie to topple him from power collapsed when Saudi Arabian Foreign Minister Adel Ahmad Al-Jubeir met the Prime Minister, Tun Dr. Mahathir Mohamad and denied that Najib’s infamous RM2.6 billion in his personal bank accounts had come from Riyadh.
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MACC and other 1MDB scandal investigators should haul up Najib to question whether, apart from Jho Low and him, there is a third mastermind in the 1MDB scandal as suggested by Najib in the Al Jazeera interview

It is going remain one of the mysteries of Malaysian politics as to why former Prime Minister Datuk Seri Najib Razak decided to guillotine himself on the 1MDB scandal before a world media in his semi-aborted interview with Al Jazeera.

Najib had intended to vindicate himself as a great Prime Minister with his nine-year achievements and legacy in his interview with Al Jazeera, but at the end-of-the-day he had only succeeded in raising the question that apart from fugitive financier Jho Low and himself as the two masterminds of the international 1MDB corruption and money-laundering scandal, there may be a third “international mastermind” of the 1MDB scandal.

Is there a third mastermind in the 1MDB scandal as suggested by Najib in his interview with Al Jazeera on Saturday? Read the rest of this entry »

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