Archive for June 21st, 2015
Scrap the 1MDB roadshows as they will end up as disastrously as the “Nothing2Hide” 1MDB Forum
Posted by Kit in Election, Financial Scandals, Najib Razak, Sarawak on Sunday, 21 June 2015
One of the most accident-prone government front-benchers, the Deputy Finance Minister, Datuk Ahmad Maslan announced yesterday that nation-wide roadshows to explain the 1MDB scandal and other government controversies will be launched at the state levels during the second week of Syawal.
I would advise the Federal government to scrap the 1MDB nation-wide roadshows as they will end up as disastrously as the “Nothing2Hide” 1MDB Forum at the Putra World Trade Centre in KL on June 5 where the Prime Minister, Datuk Seri Najib Razak ignominiously backed out of appearance because of Mahathir’s presence, unless Najib could immediately explain whether 1MDB funds had been misused for the UMNO/BN campaign in the 13th General Election, and are now being spent and misused in Sarawak for the forthcoming Sarawak state polls.
Najib’s thunderous silence on the third day of the Wall Street Journal expose on Friday that the 1MDB funds running into billions of ringgit had been used to bankroll his 13th General Election campaign does not brook well that the Prime Minister’s credibility can recover with any “Public Relations” gimmicry like 1MDB nation-wide roadshows.
Why is Najib incapable of giving a detailed and convincing rebuttal to the Wall Street Journal allegation that one “trick” of using 1MDB billions of ringgit to bankroll Najib’s 13GE election campaign was through the artifice of 1MDB making overpriced purchase of power assets from Genting Group in 2012 – paying RM2.3 billion or around five times for a power plant that was only worth RM400 million, with Genting make a subsequent donation to a foundation controlled by Najib for the 13GE campaigning purposes. Read the rest of this entry »
Malaysia’s national per capita income increased 25-fold from 1970 to 2014 but Malaysia’s financial scandal increased by more than 63,000-fold from RM66 million in 1975 to RM42 billion today
Posted by Kit in Financial Scandals, Mahathir, Najib Razak on Sunday, 21 June 2015
When introducing the Eleven Malaysia Plan in Parliament last month, the Prime Minister Datuk Seri Najib Razak boasted that Malaysia’s national per capita income increased 25-fold from 1970 to 2014, rising from the ranks of a low-income economy in the 1970s to a high middle-income economy today.
What Najib did not tell Malaysians is that Malaysia’s financial scandal had increased by more than 63,0000-fold from the RM66 million Bank Rakyat scandal in 1975 to the RM42 billion 1MDB scandal of today!
No wonder that even the former Prime Minister, Tun Dr. Mahathir, who during his 22-year administration from 1981 to 2003, had chalked up a long series of financial scandals probably costing the country some RM100 billion, has come to forefront to demand accountability, transparency and good governance from the Najib premiership in utter disgust at the biggest financial scandal in the nation’s history – the RM42 billion 1MDB scandal.
In the escalating Najib-Mahathir tussle for accountability, transparency and good governance over the 1MDB scandal, DAP leaders have been proven right that allegations of malpractices, abuses of power and even corruption in the 1MDB scandal in the past few years with DAP MP for PJ Utara Tony Pua and the PKR MP for Pandan Rafizi Ramli spearheading the 1MDB exposes in the last four years had hit the nail on the head about the enormity and iniquity of the 1MDB scandal. Read the rest of this entry »
Pakatan Rakyat crisis might have come earlier if PR had won majority of seats in 13 GE as Hadi had never accepted Anwar as PR candidate for Prime Minister
Posted by Kit in DAP, Pakatan Rakyat, PAS, PKR on Sunday, 21 June 2015
In response to media query, I want to stress that I do not want to be involved in polemcis with the PAS President, Hadi Awang who claimed that Pakatan Rakyat is not dead yet and that the coalition still exists.
The PAS Muktamar resolution cutting ties with DAP is the last straw that breaks the camel’s back as for a year Pakatan Rakyat had existed in name but not in fact, because Hadi had violated the two basic and bedrock Pakatan Rakyat principles, the PR Common Policy Framework and the consensus operational principle that the agreement of all three PR component parties are needed for any PR motion to be made and that no single leader has the veto power to override the decisions of the PR Leadership Council.
Hadi not only violated the PR Common Policy Framework but acted in utter disregard of the PR consensus operational principle as if he could override decisions taken by the PR Leadership Council in the same way he had no qualms about overriding decisions taken by the PAS Central Working Committee.
In fact, the Pakatan Rakyat crisis might have come even earlier if Pakatan Rakyat had been successful in winning the majority of the parliamentary seats in the 13GE two years ago as Hadi had never accepted Datuk Seri Anwar Ibrahim as the PR candidate to be Prime Minister of Malaysia.
With such a background, I find it astounding that Hadi could now claim that Pakatan Rakyat is not dead, when the PR Secretariat had for the past year find it almost impossible to fix a meeting when the PAS President could attend. Read the rest of this entry »
Adieu, Pakatan Rakyat
Posted by Kit in Pakatan Rakyat on Sunday, 21 June 2015
Syerleena Abdul Rashid
The Malaysian Insider
19 June 2015
After seven years, leaders from both PKR and DAP decided it was time to bury Pakatan Rakyat. Although, this decision came as a shock to most Malaysians, to some of us, it was just a matter of time.
DAP’s Lim Kit Siang released a statement stating, “A fortnight ago, I gave my most pessimistic forecast that in two weeks’ time, there may not be a Pakatan Rakyat left. It would appear that my worst-case forecast for Pakatan Rakyat has come to pass and all that is left are the funeral rites.
And on June 17, 2015, the coalition of seven years officially ceased to “exist” in its present form when PKR president Datuk Seri Dr Wan Azizah Wan Ismail confirmed the coalition’s fate and marked the end of the seven-year-old pact.
In these seven years, Malaysians started to see things differently. Read the rest of this entry »
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