Archive for December 31st, 2015
WSJ’s Last Bombshell For The Year – Najib’s $700 Million Came From 1MDB
Posted by Kit in Najib Razak on Thursday, 31 December 2015
financetwitter.com
29 Dec 2015
If 2014 was the year of Malaysia Airlines where it lost two Boeing 777s, one disappeared while another shot down; the year 2015 is definitely the year of Prime Minister Najib Razak. The prime minister’s multi-billion dollar scandals easily eclipse any other financial scandals one could imagine in the history of the country, including Mahathir’s.
The Wall Street Journal dropped another bombshell (*yawn*) yesterday, Dec 28, 2015, linking the highly explosive RM42 billion 1MDB scandal with PM Najib Razak’s private banking account, which had suddenly swollen with US$700 million (then RM2.6 billion but now RM3 billion due to ringgit depreciation) from some unknown generous donor(s).
Najib had called and met a group of senior (UMNO) leaders in July to remind them everyone had benefited from the money. A cabinet minister who was present claimed the prime minister said the US$700 million funds weren’t used for his personal enrichment, but channelled to politicians or into spending on projects aimed at helping the ruling party win elections in 2013. Read the rest of this entry »
Shame of shame – Malaysia named among world’s six “worst corruption scandals of 2015”
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Thursday, 31 December 2015
It is a shame of shame – Malaysia named among the world’s six “worst corruption scandals of 2015” by the international website, foreignpolicy.com, which is published daily online by the Slate Group, a division orf Washington Post Company.
A report uploaded on Dec. 29 (Washington time), entitled “The worst corruption scandals of 2015” said that “massive corruption scandals embroiled world leaders, high court judges, and the men who run the world’s soccer industry, among many others” in 2015.
Heading the list of infamy was the FIFA (the Federation Internationale de Football Association) corruption, followed by Nigeria, with Malaysia in a dishourable third place.
The rest were taken up by Honduras and Guatemala which took fourth place, Ghanian judges and the UN General Assembly fifth and sixth places.
The infamous plaque of dishonour for Malaysia cited as follows: Read the rest of this entry »
1MDB’s love affair with the Arab world
Posted by Kit in Financial Scandals, Najib Razak on Thursday, 31 December 2015
By Khairie Hisyam | Kinibiz
DECEMBER 21, 2015 8:00AM
From its first ever deal seven years ago, controversial 1MDB has had a persistent association with parties from the Arab world. The pressing question, on account of its mysterious and self-harming decisions while benefitting these friends, is why.
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When it was first set up as Terengganu Investment Authority (TIA) in early 2009, 1Malaysia Development Bhd (1MDB) set out to drive strategic development of national interests. After it was taken over by the federal government by mid-2009, however, the meaning of “strategic” seems to have taken an Arabic flavour.
The company’s board of advisors, for starters, count two prominent Middle Easterners as advisors – former Qatar prime minister Sheikh Hamad Bin Jassim Bin Jabr Al-Thani as special advisor while advisor Khaldoon Khalifa Al Mubarak is CEO of Mubadala Development Co, an investment company owned by the Abu Dhabi emirate in the United Arab Emirates.
Read the rest of this entry »
Time has come for realignment of progressive political forces to save Malaysia and to keep faith with the vision of an united, inclusive, moderate, democratic and prosperous Malaysia
Posted by Kit in 1Malaysia, Najib Razak, nation building on Thursday, 31 December 2015
(2016 New Year Message on 31.12.2015)
Twenty-eight years ago, many DAP leaders and Members of Parliament, including the late Karpal Singh and P. Patto, the Penang Chief Minister, Lim Guan Eng, the Deputy Chairman of the Public Accounts Committee, Dr. Tan Seng Giaw and I were incarcerated under the infamous Internal Security Act in Kamunting because we opposed the “shits” (to use the colourful vocabulary of the Deputy Prime Minister, Datuk Seri Zahid Hamidi) of the lopsided highway privatisation contract which the then Prime Minister, Datuk Seri Mahathir Mohamad wanted to impose not only on Malaysians but future generations as well.
Today, while railing against these “shits” of the past UMNO administrations, of which the present top UMNO leader were themselves party to but had done nothing to ameliorate, the incumbent UMNO leadership is trying to impose even worse “shits” on the present and future generations of Malaysians through major betrayals of trust like the RM2.6 billion “donation” and the RM55 billion 1MBD twin mega scandals.
To fight the worse “shits” of the present, all forces and contributions are welcome, including those who were responsible for the “shits” of the past, like Tun Mahathir Mohamad.
The year 2015 had indeed been an “annus horribilis” for Malaysia. Read the rest of this entry »
The UMNO Rednecks and their Cohorts
Posted by Kit in DAP, Malays, Najib Razak, UMNO on Thursday, 31 December 2015
Sakmongkol AK47
December 30, 2015
Who is the typical UMNO redneck? The answer is- he or she is someone who blames the Chinese forever as the source of their unhappiness.
The other favourite bete noire is Dr Mahathir. On this I am really surprised. If the UMNO people can turn on their own while he is still UMNO, this speaks volumes on the morality of UMNO people. Suddenly he is also the cause of all the problems. Najib has merely inherited the problems. The lopsided contracts with IPPs, the ERL, KLIA , Proton etc.etc.
Where is the cut-off point? Najib was preceded by Pak Lah. Pak Lah’s tenure ought to have extinguished all links to Mahathir. Najib should take responsibility over his tenure because the people gave him the mandate. They did not give to Dr Mahathir.
In any case, people are asking about 1MDB, the RM2.6 billion into his private account while in his public capacity as UMNO president and PM, the money from SRC. These issues are the makings of Najib. So how is the link to Mahathir established? Read the rest of this entry »
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