Archive for March 8th, 2016
Ex-Goldman Banker to Malaysia Fund Subpoenaed in U.S. Probe
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Tuesday, 8 March 2016
Greg Farrell & Keri Geiger
Bloomberg
March 7, 2016
A former Goldman Sachs Group Inc. banker has become entangled in a sprawling investigation of the Malaysian state investment fund as U.S. authorities turn to him for information.
Tim Leissner was issued a subpoena about the Malaysia matter in late February, according to three people briefed on the matter, just days after Goldman Sachs confirmed he had left the firm.
Leissner, a German national, was most recently chairman of the firm’s Southeast Asia operations but had taken personal leave and relocated to Los Angeles by early this year, according to people with knowledge of the move.
From Malaysia to Switzerland to the U.S. investigators have been trying to trace whether money might have flowed out of the fund and illegally into personal accounts. Accusations have boomeranged and been called politically motivated even as authorities outside Malaysia press ahead with their inquiries.
Prosecutors in the Justice Department’s kleptocracy asset-recovery unit are investigating whether funds were embezzled from 1Malaysia Development Bhd., known as 1MDB, by politically connected people in Malaysia, the people said. The FBI’s New York office is leading the investigation and is trying to determine if any U.S. laws were broken, according to one of the people briefed on the subpoena issued to Leissner. Read the rest of this entry »
Police should charge the trio for lodging false reports against me alleging that I had committed sedition against Yang di Pertuan Agong
Police should charge the trio for lodging false reports against me alleging that I had committed sedition against the Yang di Pertuan Agong, when I said that the Yang di Pertuan Agong’s speech at the opening of Parliament yesterday was prepared by the government.
According to Malaysiakini today, the trio who had lodged false police reports against me are Mohd Khairul Azam Abdul Aziz in Sentul, Mohd Shukry Roslan in Rawang, Mohammad Zahiddin at Wangsa Maju in Wangsa Maju.
The trio had criminal offences, particularly Section 182 of Penal Code which makes it an offence punishable with six months’ jail, or RM 2,000 fine or both, for “false information” in lodging a false report.
The police must act without fear or favour and initiate investigations against the trio for false reporting to demonstrate that the police are independent, impartial, efficient and professional in carrying out their police duties. Read the rest of this entry »
Happy International Women’s Day!
Posted by Kit in Martin Jalleh, women on Tuesday, 8 March 2016
By Martin Jalleh
How pathetic – under Malaysian parliamentary system, Auditor-General is giving directive to PAC rather than the other way round
Posted by Kit in Financial Scandals, Parliament on Tuesday, 8 March 2016
Most pathetic.
It would appear that under the Malaysian system of parliamentary democracy, it is the Auditor General who is giving directive to Parliament and the Public Accounts Committee (PAC) rather than the other way round.
After the PAC’s second meeting yesterday on the Auditor-General’s final audit report on 1MDB, the PAC Chairman Datuk Hasan Arifin announced that the Auditor-General’s final audit report on 1MDB will no longer be classified a state secret under the Official Secrets Act (OSA) 1972 once the PAC tables its findings on it in Parliament.
He disclosed that the Auditor-General Tan Sri Ambrin Buang explained to the PAC that after the PAC report is tabled in Parliament, his final audit report on the 1MDB will no longer be an official secret document under the OSA.
This is most sad, shameful and even pathetic for the PAC Chairman should be telling the Auditor-General and the Executive that the classification of the AG’s final audit report on 1MDB ends when it is presented to the PAC last Friday, and not when the PAC presents its report to Dewan Rakyat in the indefinite future – this Parliament meeting by April 7 or some time at the end of the year?
Instead of the Chairman of a key parliamentary committee jealously safeguarding parliamentary dignity and privileges from intrusion and interference by the Executive, we have a clear example where an occupant of a key parliamentary position is servilely and supinely submitting to Executive trespass with parliamentary dignity and privileges. Read the rest of this entry »
Working with Mahathir: The right thing to do?
Posted by Kit in Mahathir, Malaysian Dream on Tuesday, 8 March 2016
— Yu Ren Chung
The Malay Mail Online
March 7, 2016
MARCH 7 — Earlier this week, a group of influential Malaysians signed a “Declaration” calling for Prime Minister Najib Razak to be removed and for institutional reforms.
This is a major escalation in the effort to remove Najib, and an extraordinary development in Malaysian politics. Najib has faced months of exposés, investigations, and rebukes for corruption relating to the 1MDB scandal.
The signing of the Declaration is the first time that Najib’s critics from opposing sides have explicitly united against him. Opposition leaders and civil society figures on the one hand, and disaffected members (and ex-members) of Najib’s own party on the other hand, have put their differences aside to “save Malaysia”.
Opposition and civil society leaders who signed the declaration are still “coming to terms” with working alongside Dr Mahathir Mohamad, the leading figure of the Declaration effort, who they opposed for decades for his authoritarianism during his Premiership. Many supporters of opposition and civil society leaders have been left questioning this cooperation.
Is working with Mahathir the right thing to do? I believe this question consists of two elements. The first element is strategy, and the second element is morality. I will not present a definitive conclusion for either element, but I hope to highlight what I think are the main arguments for both. Read the rest of this entry »
A hasty coalition?
Posted by Kit in DAP, Mahathir, Malaysian Dream on Tuesday, 8 March 2016
Emmanuel Joseph
The Malaysian Insider
8 March 2016
It is often said that in politics, there are no permanent friends or permanent enemies. The Malaysian scenario is no different. Alliances, both long term (as is often the case with Barisan Nasional), and short term (as is often the case with the opposition), would often see friend turn foe turn friend again with each passing election.
But I believe, even as recent as a few days ago, no one would have been able to foresee old arch nemeses sitting and smiling at the same table, reaching an agreement to oust a newer “arch nemesis”.
Tun Dr Mahathir Mohamad, the country’s former prime minister and long-time Umno president; his long-time Parliament duelling partner Lim Kit Siang; Selangor Menteri Besar Datuk Seri Mohamed Azmin Ali, whose party was ironically formed mainly to oust Dr Mahathir; his former rival in Kubang Pasu and current Parti Amanah Negara president, Mohamad Sabu; one of his strongest critics, Hishamuddin Rais; and 53 other leaders from Umno, Pakatan Harapan and various NGOs had signed a declaration seeking to remove the current Prime Minister alongside other demands for reforms. Read the rest of this entry »
The significance of the ‘Citizens’ Declaration’
Posted by Kit in Malaysian Dream on Tuesday, 8 March 2016
by K Siladass
Malaysiakini
7 Mar 2016
The country is in turmoil. There are too many demeaning incidents that do not inspire confidence in the present leadership, particularly that of Najib Abdul Razak. Foreign governments are allegedly not too comfortable to deal with the present prime minister, because his explanations about the money found in his personal bank account varied from one to another situation, which is nothing but a clear case of vacillating.
His handpicked attorney-general believes that he is the law and whatever he says must be accepted. In this regard he treats the whole legal system as being incapable of differentiating between chalk and cheese. An attorney-general who condones alleged criminal acts is unfit to be one. And in handling Najib’s case he has clearly abused the discretionary power he has.
Umno Baru is split, hence within the country Najib’s prestige as prime minister is in shambles. His integrity as a leader is questioned. The most important question that looms at large is who needs to be saved? Najib or Malaysia? Who needs to be protected, Umno Baru led by Najib or Malaysia? Read the rest of this entry »
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