Archive for April 14th, 2016

Hasan should convene emergency PAC meeting to ask Arul Kanda to explain why he should not be referred to Committee of Privileges next month for lying to PAC claiming that Aabar Investments PJS Ltd (Aabar BVI) was related to Aabar Investment PJS

The Chairman of the Public Accounts Committee (PAC) Datuk Hasan Arifin should convene an emergency PAC meeting to ask the 1MDB President and CEO, Arul Kanda Kandasamy to explain why he should not be referred to the Committee of Privileges next month for lying and claiming to the PAC that Aabar Investments PJS Ltd (Aabar BVI) was related to Aabar Investment PJS.

Within four days of the tabling of the PAC Report on 1MDB last Thursday, Arul Kanda’s lie to the PAC in his testimony on 18th December 2015 was exposed when the Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC) told the London Stock Exchange in a statement on Monday that neither itself nor its unit Aabar Investments PJS have any links to British Virgin Islands-incorporated firm Aabar Investments PJS Limited which was paid RM4.24 billion (about US$1.367 billion) by 1MDB as security deposit in 2012.

This is the fastest result for any PAC Report in the nation’s 59-year parliamentary history, and the five Opposition PAC members have been fully vindicated for signing the PAC Report on 1MDB although it did not go as far as it should in its findings and conclusions.

One other important thing which the PAC Report on 1MDB had achieved as a result of the signing of the five Opposition PAC members – Deputy PAC Chairman Dr. Tan Seng Giaw (Kepong), Dato’ Kamarul Baharin Abas (Telok Kemang), William Leong (Selayang), Dato’ Takiyuddin Hassan (Kota Bahru) and Tony Pua (PJ Utara) – was the admission by the Najib administration of the hosts of 1MDB scams, mismanagements, dubious loans and transactions in the past seven year which until last Thursday had been dismissed as speculative and unverified allegations by irresponsible, biased or even Jewish/Zionist-inspired journalists in hostile foreign newspapers like Wall Street Journal (WSJ), New York Times, Financial Times or unreliable websites like Sarawak Report. Read the rest of this entry »


Malaysia on the wrong track

APRIL 14, 2016

Malaysia’s use of its colonial-era Sedition Act to frame possible charges against former prime minister Mahathir Mohamad following his interview with The Weekend Australian is a worrying sign of the extent to which democracy, civil rights and stability are under threat in one of the most important countries in our region. Dr Mahathir, 90, was Malaysian prime minister for 22 years from 1981 to 2003. But that has not saved him from the ire of the incumbent Prime Minister, Najib Razak. Mr Najib is fighting for political survival amid the $1 billion 1MDB sovereign wealth fund corruption scandal. Although he was widely regarded as Mr Najib’s mentor, Dr Mahathir is now fiercely critical of Mr Najib, demanding his removal from office.

In his recorded interview with our Southeast Asia correspondent Amanda Hodge, Dr Mahathir argued “foreign interference” was needed to oust Mr Najib, saying: “Normally I don’t like foreign interference in Malaysia’s affairs but our avenues for redress have been closed completely. So now we have to allow interference in our domestic affairs.” Under pressure, Dr Mahathir has since sought to qualify those remarks, saying he did not ask for foreign governments to interfere. But that has not pacified Mr Najib. Read the rest of this entry »


From Syria to Malaysia: Tentacles of Terror Are Spreading

Phill Hynes
Frontera News

Despite having Asia’s second-largest Muslim population, Malaysia’s contribution to Islamic State has gone largely unnoticed. That may be about to change – with potentially dire implications for the country’s tourism-driven economy.

Recently Britain issued a very specific caution to its citizens: Avoid all but essential travel to the island resorts off Malaysia’s eastern Sabah province.

Then, three days later, Australia warned of potential terrorist attacks in and around Kuala Lumpur.

Faced with a direct financial hit on its all-important tourism industry, the local reaction was to downplay. “Malaysia is safe from any threats including terrorism,” said Tourism and Culture Minister Nazri Aziz. “There are no indications of an imminent attack on the capital”, assured Kuala Lumpur’s Police Chief Datuk Tajuddin Md Isa.

So what prompted two foreign governments to suddenly issue terrorism warnings in one of Southeast Asia’s most popular tourism destinations? Read the rest of this entry »

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