Does Mahathir also want a RCI into the losses from the financial scandals during Tun Abdullah’s five year premiership?

Former Prime Minister Tun Dr. Mahahtir Mohamad seems to have given a “positive” response to my proposal for a full audit and accounting into the RM100 billion “black hole” caused by the losses of the financial scandals his his 22-year premiership.

I had said on Saturday that the time has come to revisit the RM100 billion “losses” suffered by the country during his 22-year premiership, especially if the present generation of Malaysians are still to pay for the “sins of Mahathir’s past premiership”.

This came about as a result of the RM580 million write-off by the Malaysian government with the “out-of-court” settlement between Danaharta and Tajudin Ramli on Feb. 14, the terms of which remain confidential between the two parties, where all suits pertaining to the court judgement of RM589.14 million that Tajudin was ordered to pay to Danaharta in 2009 would be dropped and Tajudin agreed to withdraw claims totally RM13.46 billion, involved in 27 appeals, 11 against Danaharta.

Core to Tajudin’s case is his affidavit that he was directed by former Prime Minister Tun Mahathir and former Finance Minister Tun Daim Zainudin in 1994 to buy a controlling stake in MAS to bail out the government – a “national service” to help bail out Bank Negara after the central bank suffered massive foreign exchange losses due partly to speculation in foreign currency markets with an “Overriding Agreement” to indemnify him against any losses suffered.

A Royal Commission of Inquiry into the RM100 billion “black hole” caused by the losses of the financial scandals during Mahathir’s 22-year premiership will seek the the truth whether the MAS “double bail-outs” were triggered by the RM30 billion 1992/3 Bank Negara forex scandal as well as the truth about the rest of the catalogue of financial scandals in the Mahathir era, “a few were of an order of magnitude that could have bankrupted most developing countries”.

However Mahathir wants “all Tuns” and “their sons and grandsons as well” to be investigated. I will endorse Mahathir’s further defining the scope and extent of the investigation into the RM100 billion losses caused by the financial scandals when he was Prime Minister.

The other Tun I can think of is Tun Daim Zainuddin, who was Mahathir’s Finance Minister twice and played key role in many of the financial scandals in the Mahathir era.

Are there any other Tuns who should be investigated in the full audit and accounting into the losses caused by the financial scandals in Mahathir’s era?

From media reports, it would appear that one other Tun that Mahathir is referring to who should be investigated is his successor, Tun Abdullah.

It is for Mahathir to make clear whether he also wants a full audit and accounting into the losses caused by the financial losses which occur during Abdullah’s five-year premiership.

  1. #1 by monsterball on Wednesday, 29 February 2012 - 3:30 pm

    I repeat…Mahathir is throwing a challenge to have all Tuns be investigated…making the case on investigating go on for decades…or even closed.
    I repeat again…Lim Kit Siang and all PR politicians speak on behalf of Malaysians supporting them.
    Mahathir is NOT challenging LKS.
    He is challenging People Power…how powerful are we.
    As a voter…I feel insulted by a crook who thinks the whole country belongs to him…and I am his slave.
    He have been fooling the Muslims for decades.
    Now he takes on all Malaysians. who stole RM100 billion as PM for 22 years and a RM1.2 billion given to his son…all our money….and we allow him to insult us more?

  2. #2 by monsterball on Wednesday, 29 February 2012 - 3:39 pm

    Yes he is very old and he knows he has nothing to loose…talking like that to us..personally.
    And now we can see…how smart he is…forgetting his sole purpose to keep talking is to protect his sons.
    Crooked Tuns must be admiring him performing his usual trademark as the most cunning and dirties crooked politician you can find on Planet Earth.
    People Power are not laughing.

  3. #3 by monsterball on Wednesday, 29 February 2012 - 3:45 pm

    Anwar is right….HANTAM TETAP HANTAM.
    Fear no gangsters.
    Their performances revealed their weaknesses….and we must not fall into Najib’s traps…so many all tak boleh pakai punya.
    Like Anwar said….cows they also steal…how low will they go.
    Mahathir is the ring leader …no vooom power…all false teeth talking…cannot bite.

  4. #4 by Godfather on Wednesday, 29 February 2012 - 4:20 pm

    Yes, let’s start by investigating Daim and Mamakthir. Two of Mamakthir’s children were bailed out during the financial crisis of 1998, so we should include those as well. We need to figure out who caused the forex losses of RM 30 billion, and why projects – IPPs, tollroads, ports – were awarded on the highest cost basis to cronies.

    How did Daim end up owning banks all over Eastern Europe and Africa ? What was his role in the Maybank purchase of BII at the inflated price ? How did he end up with thousands of acres of land in JB currently being developed by his third wife ?

    So many questions, so few answers. When you put these guys on the stand, the answer will be “I don’t remember”.

  5. #5 by sotong on Wednesday, 29 February 2012 - 4:27 pm

    It would be more effective to investigate after the change of government….so actions could be taken immediately and taxpayers’ money not wasted on RCI.

    They are not afraid or concerned of RCI or other investigations. Their only fear is lose control of the government resulting in decades of bad leadership and gross mismanagement unfolding itself.

  6. #6 by dagen wanna "ABU" on Wednesday, 29 February 2012 - 4:56 pm

    Psssst. Psssst.

    Wanna see what was agreed between tajuddin and mas in that secret deal to end the court case?

    Easy mate. Just “ABU”.

  7. #7 by Bigjoe on Wednesday, 29 February 2012 - 4:57 pm

    I actually think Mahathir respond is highly interesting. Instead of attacking LKS the critic, he sought to attack Badawi & KJ instead.

    Clearly, Mahathir is psychotically vindictive. Malicious. He obviously blames Badawi & KJ for his the unravelling of his legacy, failures and wrong doing.

    Mahathir clearly is not a balanced person, no wise statesmen, no great thinker but rather a political animal with as basest instincts and proclivilities.

    His reaction only proves LKS right, that Mahathir’s legacy need full accounting investigated and exposed publicly with all the goriest details for the health of the national consciousness..

  8. #8 by monsterball on Wednesday, 29 February 2012 - 5:02 pm

    He is so mad…nut case….lost his bearings ..asking PAS to appoint Lim Kit Siang as their President.
    This means LKS must resign from DAP and join PAS as a member.
    Here you can see…how ridiculous and idiotic he can be….when he looses his cool.
    His skin is so thick..thicker than an union skin.
    A man who denies he is half Malay …half Indian…casting away his Indian ancestors ungratefully…..who do you think he will be grateful to?…to Allah?…no way.
    What he does not know…Malaysians are buying time to strike back.

  9. #9 by yhsiew on Wednesday, 29 February 2012 - 5:31 pm

    Pakatan, if voted into power, must get ready to impound the passports of all “errant” Tuns, lest they sneak away to another country to avoid being investigated.

  10. #10 by monsterball on Wednesday, 29 February 2012 - 5:45 pm

    Mahathir asked PAS to appoint Lim Kit Siang as their President.
    This means LKS must resign from DAP and join PAS.
    Go figure it out…how smart that old man is now.

  11. #11 by jus legitimum on Wednesday, 29 February 2012 - 5:47 pm

    Abu tetap Abu.Hantam tetap hantam so that all the hypocritical crooks will be handcuffed and dragged to courts one by one after the next GE.

  12. #12 by Loh on Wednesday, 29 February 2012 - 5:54 pm

    ///Mahathir snaps back: Investigate all the Tuns
    Hazlan Zakaria
    12:50PM Feb 29, 2012
    Responding to calls for an audit into alleged loss of pubic funds under his 22-year reign, former prime minister Dr Mahathir Mohamad said today any investigation must involve all the ‘Tuns’.///-Malaysiakini

    Yes, but all resources should be channeled first to investigate Mamakthir. From him we can get to the branches, like a tree.

  13. #13 by Jeffrey on Wednesday, 29 February 2012 - 7:04 pm

    “Not only me… all the Tuns should be audited. And their sons and grandsons too” (As reported by Malaysiakini)

    How is one to know (for sure) that he didn’t (tongue in cheek) mean to imply/include as well Tun Abdul Razak and his sons and grandsons????

  14. #14 by negarawan on Wednesday, 29 February 2012 - 7:26 pm

    Within Malaysia, Mahathir may be a self-declared “jaguh kampung”, but in international circles, he is not highly regarded and respected as a statesman. Compare Mahathir to Lee Kuan Yew in terms of intellect, performance record, integrity, ethics, statesmanship, and international reputation, Mahathir is a NOBODY.

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