Archive for March 1st, 2012

Ex-CCID chief blasts Gani for ‘fixing’ him

Hafiz Yatim Mar 1, 2012

Former Commercial Crimes Investigation Department chief Ramli Yusuff described in detail yesterday how he and his men had been fixed by the attorney-general since 2007, and how they were vindicated by the courts in being acquitted of the charges.

He also described how the AG, Abdul Gani Patail, used the Malaysian Anti-Corruption Commission (MACC) against him and his men.

Celebrating his birthday again on a leap year yesterday, Ramli said in a speech that it all began when his officers were entrusted with taking action against a syndicate member who was sent to Jeli, in Kelantan to serve restricted residence (RR) order.

The man had been accused of being involved in organised crime, including loan sharking, running an illegal lottery syndicate, prostitution and drug pushing in Johor.
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The future of FELDA after the listing

By Sakmongkol AK47 | March 01, 2012
The Malaysian Insider

MARCH 1 — The question we should ask all thought leaders of FELDA is this. Why should a loss-making business entity, be allowed to do a reverse takeover of FELDA holdings? FGV owns 49 per cent of FELDA Holdings which has been making money all the time. FGV hasn’t got a track record and has no standing at all to come out with this proposal in the first place.

FGV is the business unit formed while Datuk Bakee (who is now Sime Darby CEO) was in FELDA. The idea of forming FGV to carry out international businesses was proposed by Ethos Consulting group. That adds some flavour to the meal.

Can FELDA tell everyone, how much did FGV lose really? We were only told of losses amounting to RM500 million. One thing we do know is, FGV is consistent. It has CONSISTENTLY lost money for five consecutive years. Perhaps Datuk Sabri Ahmad can disclose fully and honestly, how much FGV lost during those five years. Maybe he has gone to the PM and reported everything is OK sir. Najib is pleased to hear that kind of story.
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Will Mahathir propose Chua Soi Lek as UMNO President?

It has been suggested that the response to Tun Dr. Mahathir’s “tongue-in-cheek” proposal that I be made PAS President is to ask whether Mahathir would propose Datuk Seri Chua Soi Lek as UMNO President!

However, I think it is more productive to focus on Mahathir’s other “tongue-in-cheek” statement that all the Tuns and “their sons and grandsons too” should all be investigated in response to my call for a full audit and accounting into the RM100 billion losses from the financial scandals during Mahathir’s 22-year premiership.

Another bad news about Malaysian Airlines recording a whopping net loss of RM2.52 billion for 2011 despite round-after-round of billion-ringgit bailouts in the past two decades is salutary reminder that the root cause why the once national premier airline is reduced to such a parlous crisis stage today must be traced to Mahathir’s 1994 decision to use Bank Negara’s MAS shares to bail out Bank Negara from its RM30 billion foreign exchange losses.

Malaysians today are still paying for those financial scandals, none of which have ever been fully accounted for, as for instance in the recent RM580 million write-off by the Malaysian government with the “out-of-court” settlement between Danaharta and other GLCs with Tajudin Ramli on Feb. 14 with regard to all suits pending between them.
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Political violence threatens elections in Malaysia

— Bersih 2.0
The Malaysian Insider
Feb 29, 2012

FEB 29 — Bersih 2.0 urges Prime Minister Najib Razak to immediately stop the serial political violence inflicted on opposition politicians and civil society activists by thugs reportedly related to Umno and Perkasa, while police often just looked on and no one has been charged so far.

Bersih 2.0 warns that such impunity on political violence, if it continues, leaves no room for clean elections in Malaysia. If political activisms are met with physical assaults even before elections, could the safety of opposition leaders and campaigners be guaranteed come the next election?

Bersih 2.0 wants Najib to order an immediate investigation and prosecution of those responsible for the two latest incidents of political assault on February 26. Read the rest of this entry »