Archive for December 12th, 2015

Malaysians do not want to hear from Zahid or even the MACC – they want Najib himself to stop procrastinating and prevaricating and to give full and satisfactory accountability on the RM2.6 billion “donation” and RM55 billion 1MDB twin mega scandals

Malaysians do not want to hear from the Deputy Prime Minister, Datuk Seri Zahid Hamidi or even by the Malaysian Anti-Corruption Commission (MACC), as they want the Prime Minister, Datuk Seri Najib Razak himself to stop procrastinating and prevaricating and to give full and satisfactory accountability on the RM2.6 billion “donation” and RM55 billion 1MDB twin mega scandals.

Having misled the nation and Members of Parliament to wait for six weeks for the last day of Parliament on Dec. 3 to answer all questions about the twin mega scandals, Najib should not disappoint Malaysians a second time – and his winding-up speech at the UMNO General Assembly later today is the last opportunity for him to come clean on the RM2.6 billion “donation” and 1MDB scandals.

The 1MDB scandal went back to more than six years ago, when 1MDB was incorporated in 2009 after its precursor, Terengganu Investment Authority (TIA), was turned into a federal agency, with the unprecedented Clause 117 in the 1MDB’s Memorandum and Articles of Association requiring the Prime Minister’s written approval for any of 1MDB’s deals, including the firm’s investments or any bid for restructuring, amendments to the company’s Memorandum and Articles of Association and appointments and removal of directors and senior management team of 1MDB.

The RM2.6 billion “donation” scandal is more recent, going back to March 2013, just before the 13th General Election on May 5, 2013, but awareness in the corridors of power that “something is rotten in the state of Denmark” did not begin only on July 2 this year when Wall Street Journal shook the country and the world with the scoop about the RM2.6 billion “donation” in Najib’s personal banking accounts in March 2013, but much earlier. Read the rest of this entry »

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