Archive for February 5th, 2016
The kleptocrats who steal from us
Posted by Kit in Corruption, Syerleena Abdul Rashid on Friday, 5 February 2016
Syerleena Abdul Rashid
The Malaysian Insider
5 February 2016
Corruption is a definite problem that exhibits itself in different ways (duit kopi, gifts, donations, etc).
Alwyn Moerdyk, a lecturer in organisational psychology at Rhodes University, highlighted that in many countries, culture was frequently used to justify blatant acts of corruption.
Moerdyk noted the “act of giving is a natural process for humans and is an expression of gratitude for a benefit received or to cement a relationship. And while some societies claim that gift-giving is ‘part of our culture’, there was no need for outsiders to confuse it with bribery.”
However, one should understand the hidden motives behind these acts – depending on the size or amount of such gifts, the purpose of cementing existing relationships and to forge new ones can be a tricky issue that has caused many sleepless nights for many elected reps and government officials.
Economic prosperity and socio-political progress can only be achieved when governments are transparent and accountable to the people. Democracy upholds the firm notion that the rule of law is sanctified above everything else and the practice of corruption only destroys the foundations democracy. Read the rest of this entry »
What the 1MDB scandal means for democracy in Malaysia
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Friday, 5 February 2016
Iain Marlow
The Globe and Mail
Feb. 04, 2016
Singaporean authorities this week seized a number of bank accounts linked to Malaysia’s beleaguered state investment fund, 1Malaysia Development Bhd., as part of an ongoing international investigation into alleged corruption that has ensnared Malaysian Prime Minister Najib Razak.
The move is the latest twist in a global investigation centred on an unusual payment of $681-million (U.S.) from accounts and companies linked to 1MDB into the private accounts of Mr. Najib, who founded and chairs 1MDB. As the investigations continue, Malaysia’s government has undertaken a widespread crackdown on dissidents and dismissed critical politicians – outraging human-rights groups. The eventual conclusion of a domestic investigation by the country’s Attorney-General – that the cash was a donation from Saudi Arabia’s royal family, and has since mostly been returned – has not stopped other investigations by U.S. and Swiss authorities. Read the rest of this entry »
Do we have to wait until 1MDB scandal become the norm in Malaysia which will see the country competing with Somali, North Korea, Afghanistan and Sudan for the last four spots on the TI CPI?
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Friday, 5 February 2016
Those who still believe in the Prime Minister Datuk Seri Najib Razak and suffer from the illusion spread by Najib in his 2016 New Year Message that the Prime Minister’s twin world-class RM2.6 “political donation” and the RM55 billion 1MDB mega scandals have been resolved and are no more issues need only to refer today’s news portals, both locally and internationally, to realise how wrong they are.
It is supreme irony that Najib’s very own Ministers are among those in the forefront debunking the Prime Minister’s delusion that his twin mega scandals are no more issues as they had been resolved.
The Minister in the Prime Minister’s Department, Datuk Seri Abdul Wahid Omar said that 1MDB was the exception in the anti-graft movement among Malaysian companies, claiming that most other Malaysian companies have made good progress in improving transparency.
Goodness me, do we have to wait until 1MDB scandal become the norm for all GLCs in Malaysia which will see the country competing with Somali, North Korea, Afghanistan and Sudan for the last four spots on Transparency International’s annual Corruption Perception Index? Read the rest of this entry »
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