Archive for January 31st, 2016

Call for Royal Commission of Inquiry into Najib’s world-class twin mega scandals as nobody expects the truth to be revealed if the matters are left solely to normal government investigations or even the PAC

Posted by Kit in Corruption, Najib Razak, Parliament on Sunday, 31 January 2016

The Attorney-General, Tan Sri Mohd Apandi Ali’s rejection of the investigations and recommendations of the Malaysian Anti-Corruption Commission (MACC) and exoneration of Prime Minister Datuk Seri Najib Razak of any crime or wrongdoing in the RM2.6 billion donation and RM42 million SRC International scandals have convinced the overwhelming majority of Malaysians that they cannot get to the bottom of the Najib scandals from the ordinary government investigation and enforcement agencies and processes.

After the “purges” at the end of July last year, where Deputy Prime Minister, Tan Sri Muhyiddin Yassin, Senior Minister for Rural and Regional Development, Datuk Seri Shafie Apdal and the Attorney-General Tan Sri Gani Patail were sacked; arrest or immediate transfer of key officers in major investigative agencies like the Attorney-General’s Chambers, Bank Negara, the MACC and the Police associated with demands that there should be full and fearless investigation into the twin mega scandals; and the four-month derailment of Public Accounts Committee (PAC) investigations into 1MDB and the subsequent appointment of a “cari makan” Chairman for the PAC, many entertained doubts that the truths about the Najib twin mega scandals could be uncovered by normal investigative and enforcement agencies and processes.

The last nail in the coffin of those who still harboured “hope against hopes” that the normal investigative and enforcement agencies could produce results in the probes into Najib’s twin mega scandals was the Attorney-General’s decision to reject MACC’s recommendations and to exonerate Najib of any wrongdoing by deciding that no charges would be brought against the Prime Minister. Read the rest of this entry »

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Najib proven wrong that his twin mega scandals are no more issues as they have become even bigger than in the past and gone fully international

Posted by Kit in Corruption, Financial Scandals, Najib Razak on Sunday, 31 January 2016

The Sembrong Parliamentary constituency which covers the two State Assembly seats of Kahang and Paloh is the 75th parliamentary constituency I am visiting since my six-month suspension from Parliament on 22nd October last year because the Najib administration refused to give full and satisfactory accountability for his two world-class mega scandals – the RM2.6 billion donation and the RM55 billion 1MDB scandals.

Wherever I went, regardless of whether they are Chinese, Malays, Indians, Kadazans or Ibans, Malaysians are united in their demand that the Prime Minister, Datuk Seri Najib Razak should come full and clean on his two world-class mega scandals.

Ever since the beginning of the new year, Najib had been declaring that his twin mega-scandals were no more issues as they had been resolved, but the opposite was the case – as Najib’s twin mega scandals have become even bigger than in the past and gone fully international.

Najib’s RM2.6 billion and RM55 billion 1MDB twin mega scandals were the reasons why Malaysia was placed as the No. 3 in the world in the “worst corruption scandals in 2015”.

They were also the chief reason why Malaysia had dropped another four notches in the latest Transparency International 2015 Corruption Perception Index (CPI) ranking compared to the previous year, announced a few days ago. Read the rest of this entry »

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The Companies Switzerland Says Are Linked to Malaysia’s 1MDB Scandal

Posted by Kit in Corruption, Financial Scandals, Najib Razak on Sunday, 31 January 2016

By TOM WRIGHT and BRADLEY HOPE
Wall Street Journal
Jan. 30, 2016

Swiss attorney general’s office is examining allegations of criminal activity from 2009 to 2013

The Swiss attorney general’s announcement that $4 billion may have been misappropriated from Malaysian state-owned companies opened a new front in the troubles facing 1Malaysia Development Bhd., or 1MDB, the state-investment fund set up by Prime Minister Najib Razak in 2009.

Switzerland’s top prosecutor on Friday named a number of firms in Malaysia, Saudi Arabia and Abu Dhabi in relation to the matter, but gave no details of their roles, if any.

The attorney general’s office said it is examining allegations of criminal activity from 2009 to 2013 relating to PetroSaudi International Ltd., a Saudi oil company; SRC International Sdn Bhd, a unit of Malaysia’s Finance Ministry; Malaysian companies Genting Group and Tanjong PLC; and a joint venture between 1MDB and an Abu Dhabi sovereign-wealth fund called the Abu Dhabi Malaysia Investment Company.

The investigation is one of a series of global probes into 1MDB. A Malaysian government investigation last year found that almost $700 million entered Mr. Najib’s alleged bank accounts via agencies, companies and banks linked to 1MDB ahead of a close election in 2013. Read the rest of this entry »

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