Archive for July 4th, 2015
Pak Samad hopes Ambiga will join DAP, too
By Yap Jia Hee and Radzi Razak | 9:15AM Jul 4, 2015
Malaysiakini
DAP latest star recruit, national laureate A Samad Said is of the opinion that his former co-chair in electoral watchdog Bersih 2.0 Ambiga Sreenevasan and student leader Adam Adli Abdul Halim could do more in politics after having served for many years in the civil society.
“I welcome her (Ambiga). She is very good. She is very knowledgeable, so I hope she joins DAP.
“I hope Adam too will join DAP as will most of the student leaders because I think they can contribute more […] to the young generation,” he told Malaysiakini in an interview last Saturday.
Read the rest of this entry »
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
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Saturday, 4 July 2015
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 »
More heads in MARA, including that of Annuar Musa, should roll as the MARA INC property corruption scandal probably cost MARA over RM100 million or more than ten times the total sum and magnitude as initially exposed by The Age
Posted by Kit in Corruption, Financial Scandals, Good Governance on Saturday, 4 July 2015
For nine days national attention was transfixed by the roiling MARA property corruption scandal which was blown open by the Australian daily, The Age, on June 23, 2015 with its report “Corrupt Malaysia money distorts Melbourne market”, on the outcome of an eight-month Fairfax Media investigation tracing suspicious money flows, court files and corporate records across three continents as part of a global money laundering and bribery scheme turning Australia into an “investment hot spot for the crooked and corrupt”.
The Fairfax Media investigation had zeroed in on MARA Inc’s purchase of the Dudley House property, and found that “greedy local developers and powerful officials overseas” pocketted A$4.75 million (RM13.8 million) in bribes on this single deal.
But this was only the “tip of an iceberg” of the MARA INC property scams in Melbourne, with the Australian Federal Police swinging into action with Operation Carambola after The Age report, raiding houses and seizing computers and files, while the Malaysian authorities continued its Operation Tidak Apa and Business as Usual, with even the Inspector-General of Police, Tan Sri Khalid Abu Bakar declaring that there is no element of criminal breach of trust in the MARA property scams in Australia.
Over the next nine days, Malaysians were in turned troubled and shocked by a series of revelations, including:
*Dudley House was only one of four Melbourne properties purchased by MARA Inc where there was gross improprieties involving corruption, money laundering and tax evasion crimes;
*MARA Chairman Annuar Musa, who visited Melbourne in May last year to be briefed about the MARA Inc purchase of the four Melbourne properties, was remiss and negligent in his duties as MARA Chairman in not taking immediate corrective action to stop the hanky-panky in the MARA Inc property purchase corruption scandal; Read the rest of this entry »
Investigators Believe Money Flowed to Malaysian Leader’s Accounts Amid 1MDB Probe
Posted by Kit in Financial Scandals, Mahathir, Najib Razak on Saturday, 4 July 2015
By Tom Wright And Simon Clark
Wall Street Journal
July 2, 2015
Prime Minister Najib’s bank accounts are scrutinized in probe of investment fund 1MDB
KUALA LUMPUR, Malaysia—Malaysian investigators scrutinizing a controversial government investment fund have traced nearly $700 million of deposits into what investigators believe are the personal bank accounts of Malaysia’s prime minister, Najib Razak, according to documents from a government probe.
The investigation documents mark the first time Mr. Najib has been directly connected to the probes into state investment fund 1Malaysia Development Bhd., or 1MDB.
Mr. Najib, who founded 1MDB and heads its board of advisors, has been under growing political pressure over the fund, which amassed $11 billion in debt it is struggling to repay.
The government probe documents what investigators believe to be the movement of cash among government agencies, banks and companies linked to 1MDB before it ended up in Mr. Najib’s personal accounts. Documents reviewed by The Wall Street Journal include bank transfer forms and flow charts put together by government investigators that reflect their understanding of the path of the cash.
The original source of the money is unclear and the government investigation doesn’t detail what happened to the money that went into Mr. Najib’s personal accounts. Read the rest of this entry »
Could this be the Smoking Gun for Malaysia’s PM?
Posted by Kit in Financial Scandals, Mahathir, Najib Razak on Saturday, 4 July 2015
By John Berthelsen
Asia Sentinel
July 3, 2015
Najib said by Wall Street Journal and Sarawak Report to divert US$700 million in 1MDB funds into his own accounts
The publication today, Friday July 3, of devastating articles in the Wall Street Journal and the Sarawak Report tying Malaysian Prime Minister Najib Tun Razak to the diversion of nearly US$700 million from the state-backed 1Malaysia Development Bhd into his own accounts could be the final blow to bring down a leader who has been bullet proof from years of charges against his integrity.
The danger is that there have been so many smoking guns in the past, including detailed evidence by French investigators of bribes to buy French submarines when Najib was defense minister, that yet another won’t matter. Nonetheless, according to the two publications, government investigators in Malaysia have traced the money in deposits from 1MDB into Najib’s personal bank accounts. The investigators’ findings apparently were leaked, possibly through former Prime Minister Mahathir Mohamad, who has been on a two-year crusade to drive Najib from office and put him in jail.
Given the considerable details of the information now in print, he may well succeed. Indeed sources in Kuala Lumpur have told Asia Sentinel that Mahathir has considerably more information. Attempts to reach the former premier in the past have been uniformly unsuccessful.
“If this is true, it’s a TKO for Najib,” said a Kuala Lumpur-based lawyer. “Go to jail, do not pass go. It looks like the Tun [Mahathir] has dropped the nuke.” Read the rest of this entry »
Najib: Dr M behind WSJ report
Posted by Kit in Financial Scandals, Mahathir, Najib Razak on Saturday, 4 July 2015
The Malay Mail Online
Friday July 3, 2015 11:49 PM GMT+8
KUALA LUMPUR, July 3 — Prime Minister Datuk Seri Najib Razak accused Tun Dr Mahathir Mohamad of working with foreigners to produce the Wall Street Journal report accusing the former of receiving funds from 1Malaysia Development Bhd (1MDB).
In arguably the most direct attack against his most vocal critic, Najib said the latest allegation against him was just another in the series of claims made by Dr Mahathir in his campaign to oust the prime minister.
“The latest allegation is that I have taken state-linked funds for personal gain. I believe Tun, working hand in glove with foreign nationals, including the now discredited political attack blog Sarawak Report, is behind this latest lie,” Najib wrote on Facebook today.
“These attacks began when I refused to implement Tun Mahathir’s personal demands. I refused, because I do not believe it is right for Malaysia to be ruled by proxy.”
Pointing out that all the attacks against him and 1MDB were not been backed by evidence, Najib said it was clear that they were part of a concerted campaign to sabotage and remove him as the democratically-elected prime minister of Malaysia. Read the rest of this entry »
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