Archive for July 9th, 2015
Cabinet Ministers guilty of abysmal dereliction of duty by giving solid backing to the Prime Minister without knowing whether RM2.6 billion were deposited into Najib’s personal accounts in AmBank, where the monies came from and were they went to
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Thursday, 9 July 2015
One should thank the lawyers of the Prime Minister, Datuk Seri Najib Razak, for providing some relief to the long drawn-out (six years?), sordid, dreary and astronomical 1MDB scandal which is claiming more and more casualties in its wake, destroying reputations for integrity and even political and professional lives and futures.
The highly-publicised letter from Najib’s lawyers to Dow Jones, the owner of Wall Street Journal (WSJ), has become not only the toast of lawyers but of the international civil society as well.
There was no categorical demand for retraction of the WSJ report last Friday that Malaysian government investigators have found almost US$700 million (RM2.6 billion) deposited into Najib’s personal accounts at AmBank, unconditional apology for the defamation of the Prime Minister, undertaking of no repetition of the defamation and payment of damages, but a most extraordinary (Eric Paulsen of Lawyers for Liberty described it as “bizarre”) letter seeking clarification!
No one can describe the situation better than lawyer Azhar Harun (better known as Art Harun) who commented on Facebook this was the first time he found lawyers asking their potential opponent the meaning of what they had published. Almost every sentence made him cringe.
He said: “If I were acting for Dow Jones, I would advise them to reply as follows : Dear lawyers, inability to grasp and/or understand what we had published is not a known or established ground for defamation suits. Thank you.”
If more “relief” is needed, there is the top banker, CIMB Islamic Bank chief executive officer Badlisyah Abdul Ghani for everybody to joke about as Badlisyah joined the long queue of 1MDB casualties when in a matter of hours, he had to eat his own words for accusing WSJ of falling for false documents with regard to its report claiming that RM2.6 billion were deposited into Najib’s personal accounts in AmBank.
As if Fate has pity on Malaysia in having to suffer from the 1MDB scandal, Malaysians were presented with another “manna” today – the announcement that Najib is scheduled to speak at a high-profile international anti-corruption conference themed: “Ending Impunity: People. Integrity. Action” in Putrajaya from Sept. 2 amid allegations that he embezzled US$700 million in state funds! Read the rest of this entry »
3 questions for new Cabinet
Posted by Kit in Financial Scandals, Good Governance, Najib Razak on Thursday, 9 July 2015
Rama Ramanathan
The Malaysian Insider
9 July 2015
Because of 1Malayisa Development Bhd (1MDB), Prime Minister Datuk Seri Najib Razak must soon vacate his position. His successor will replace the Cabinet. What should we look for in the new Cabinet?
Of the many facts about 1MDB, I consider three to be especially pertinent: (1) the only money 1MDB ever had was borrowed – mainly from banks and partly from government agencies; (2) most of 1MDB’s profit is from revaluation of assets; (3) 1MDB overpaid for some assets.
I’ll consider each in turn. Read the rest of this entry »
Time for all progressive and patriotic political leaders to come together on a common programme to save Malaysia from becoming a failed state as a result of rampant corruption, abuses of power, socio-economic injustices and the collapse of good governance
Posted by Kit in Malaysian Dream, Najib Razak on Thursday, 9 July 2015
Malaysia is undergoing rapid and even lightning political developments and changes.
Issues and concerns which were never thought of by Malaysians for years or even decades have overnight become popular concerns.
This is best highlighted by the headlines in online media and foreign news media in the past few days like:
• Malaysia’s Najib Razak fights for political life amid 1MDB claims
• A broken prime minister?
• Is it ‘Game Over’ for Najib?
• Can Najib Razak Survive 1MDB Scandal
• Malaysian Leader Faces Risk of Criminal Charges Over Fund
• Najib Appears Out But The Kleptocrats May Win
• MP urges AG to prosecute Najib, if proof found
• No surprise if Najib hauled to court, says veteran journalist
• Can the Agong act to depose a sitting PM?
In the past few days, I myself had posed questions which I had never done before:
• Whether the Attorney-General can charge and prosecute the Prime Minister although the Attorney-General is clearly empowered by the Constitution to do so; and
• Whether the Prime Minister will sack the Attorney-General first, if there is any inkling of such a possibility?
It is most unfortunate that at this pivotal period of national development to ensure that Malaysia does not become a failed state, drowned in the morass of rampant corruption, abuses of power, socio-economic justices and collapse of good governance, the two top leaders in PAS are giving the Prime Minister, Datuk Seri Najib Razak the strongest defence and support. Read the rest of this entry »
Has the MACC thrown even ethics out the window?
Posted by Kit in Corruption, Elections on Thursday, 9 July 2015
By JD Lovrenciear
Malaysiakini
Jul 7, 2015
The Malaysiakini latest news report (Pre-polls goodies not graft, says MACC official, July 7, 2015) on how the Malaysian Anti-Corruption Commission (MACC) interprets corruption probably best sums up why this nation is all tangled up in a web of political turmoil laced with allegations of billions of ringgit gone missing. And in all likelihood then we may never get out of this sinking hole of corrupt practices.
According to the deputy chief in charge of prevention at MACC, pre-election promises and handouts by the government is not to be regarded as bribery.
For Mustafar Ali of MACC, a case of graft applies only when gratification is ‘given for the purpose of inducing the recipient to do something, or refrain from doing something’.
In other words, when the government gives out goodies in kind or cash close to or during election campaigns there is no inducement whatsoever. It is charity? It is some kind of goody-boy Santa at work? It is a reward to the citizens for being poor and deprived these past five years since the last voting exercise? Read the rest of this entry »
Najib, your time is up sir, Game Over!
Posted by Kit in Financial Scandals, Najib Razak on Thursday, 9 July 2015
Dzulkefly Ahmad
The Malaysian Insider
6 July 2015
1. Granted, that the damning expose by both Wall Street Journal (WSJ) and Sarawak Report of the transfer of some US$700 million to Prime Minister Datuk Seri Najib Razak’s personal account heralded Najib’s Waterloo, is a fait accompli and foregone.
2. Perusing the sensational exposition, one couldn’t help thinking that it is neither concocted nor a decoy personally contrived by Najib to divert media attention. Purporting it as a political sabotage, by political nemesis, doesn’t reduce its grave consequences on Najib.
3. Going by its incriminating details conducted by investigators for the Malaysian authorities as reported, Najib has truly met his Waterloo. Yes, he has finally been nuked by 1Malaysia Development Berhad (1MDB), a monster or more appropriately a “trojan horse” he personally helped to create to “embezzle funds” for his “do-or-die” election mission of the 13th general election in 2013. Read the rest of this entry »
Investigate 1MDB disclosures comprehensively and with integrity
Posted by Kit in Financial Scandals, Najib Razak on Thursday, 9 July 2015
– Steven Thiru
The Malaysian Insider
8 July 2015
The Malaysian Bar is extremely concerned over recent disclosures made by The Wall Street Journal (WSJ) and Sarawak Report (SR) of information contained in government investigation documents allegedly revealing that funds of about US$700 million (RM2.7 billion) were transferred between government agencies, banks and companies linked to 1Malaysia Development Berhad (1MDB), and then deposited into the personal accounts of the Prime Minister in AmIslamic Bank Berhad in March 2013.
It has also been reported that the original source of the funds is unclear and the subsequent use of the funds is unknown.
The prime minister said today, “… saya ingin menegaskan sekali lagi bahawa saya tidak pernah mengambil dana 1MDB untuk kepentingan diri sendiri” (I would like to stress again that I had never taken 1MDB’s funds for my personal interest).
However, it appears that the prime minister has not expressly denied that funds were deposited into his personal bank accounts. Read the rest of this entry »
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