Archive for February 7th, 2016
Would a person like Najib have survived as China’s top leader with two mega scandals swirling around him causing the country to be named No. 3 in world’s “worst corruption scandals in 2015” and the subject of investigation by seven different countries, including by US FBI, whether he is a kleptocrat?
Posted by Kit in Constitution, Corruption, Financial Scandals, Media, Najib Razak on Sunday, 7 February 2016
The Attorney-General Tan Sri Mohamad Apandi Ali allowed a rare but very insightful though frightening peep into his mind in his interview with Sin Chew Daily today.
Apandi’s interview deserve fuller dissection and analysis, but for the immediate moment, what warrants immediate response is the revelation that the Attorney-General is mulling laws to increase the punishment of those who leak state secrets and journalists who report, and that the Attorney-General’s Chambers is proposing to amend the Official Secrets Act 1972 to include life imprisonment and 10 strokes of the rotan as punishments.
Apandi said: “In some countries, the leaking of official secrets is a serious offence, like in China where it carries the death sentence.”
Apandi insisted that should journalists protect or refuse to reveal the sources by invoking journalistic ethics, they will be considered collaborating with a potential saboteur.
“We may charge journalists who refuse to reveal their sources.
“I am not joking. If I have 90 percent of evidence, I will charge the journalist, editor, assistant editor and editor-in-chief. I am serious, no kidding. We have too many leakage of secrets in Malaysia.
“The right to know is not granted by the constitution.”
This must be the first time the Attorney-General of Malaysia expressed admiration and envy for the laws and system in China, as it had never been done by his predecdessors. Read the rest of this entry »
Mystery of Najib Razak’s $990m donor deepens in Malaysia
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Sunday, 7 February 2016
Lindsay Murdoch
Sydney Morning Herald
February 7, 2016
Bangkok: Mystery has deepened over the circumstances in which almost $US700 million ($990 million) was secretly deposited in the personal bank account of Malaysian Prime Minister Najib Razak.
The country’s attorney-general, Mohamad Apanda Ali, has declared the money was a donation from one of the nine sons of the late Saudi king Abdullah, but insists the motive is nobody else’s business.
“Why are people asking for the reason for the donation? You have to ask the donor. He has billions in his coffers … if he wanted to give the money, what’s the problem?” Mr Apandi told the Sin Chew Daily newspaper.
Saudi Arabian Foreign Minister Adel al-Jubeir says he does not think the money came from the Saudi government or that it was a political donation.
“It is a private Saudi citizen, I believe, and the funds went into an investment in Malaysia,” Mr Jubeir told The New York Times. Read the rest of this entry »
Malaysia’s curious corruption case
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Sunday, 7 February 2016
By: Simon Wilson
Money Week
06/02/2016
A state fund transferring a $681m donation to the PM’s account, dissenting ministers sacked and $4bn misappropriated – Malaysian democracy is under threat, says Simon Wilson.
What’s going on in Malaysia?
The government of Prime Minister Najib Razak has been rocked by a huge corruption scandal that gets more bizarre with every new twist, threatening to blow a hole in Malaysia’s credibility with international markets. At its heart is a state investment fund known as 1MDB, set up at Razak’s behest shortly after he came to power in 2009, and whose advisory board he chairs. Its purpose
was to borrow money so that it could attract foreign investment to stimulate Malaysia’s economy.
But according to The Wall Street Journal, which has been at the forefront of investigating and reporting the scandal, while 1MDB was good at borrowing money, it has been less adept at actually investing it. In early 2015, it defaulted on payments on the roughly $11bn it had raised from international investors, setting off alarm bells and sparking investigations into the fund. Read the rest of this entry »
No End to Scrutiny Over Millions Sent to Malaysian Leader’s Accounts
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Sunday, 7 February 2016
By AUSTIN RAMZY
New York Times
FEB. 5, 2016
KUALA LUMPUR, Malaysia — After Malaysia’s attorney general cleared Prime Minister Najib Razak of corruption charges involving hundreds of millions of dollars that ended up in his bank accounts, Mr. Najib issued a statement of his own.
“The matter has been comprehensively put to rest,” he said last week. “It is time for us to unite and move on.”
That has not happened.
Instead of answering the questions about the money and its possible links to a heavily indebted Malaysian sovereign wealth fund, the attorney general’s announcement has only sharpened them. Read the rest of this entry »
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