Archive for October 8th, 2016

MACC’s biggest anti-corruption “haul” in nation’s history unlikely to save Malaysia from continuing to slip down in TI CPI unless Malaysia is prepared to purge the newly acquired infamy of being an “global kleptocracy” as a result of 1MDB scandal

Congratulations are in order to the Malaysian Anti-Corruption Commission (MACC) for the “biggest corruption bust ever” in the nation’s history with the success of its “Op Water” with the seizure of RM114million from the top two officials of the Sabah Water Department, including RM53.7mil in cold hard cash that took more than 30 officers 15 hours to count and frozen RM60 million in bank accounts, seized 19.3 kg of gold jewellery worth about RM3.64 million, some 97 designer ladies handbags worth RM500,000, nine luxury vehicles and some 127 land titles.

This is the biggest seizure involving civil servants as the most the anti-corruption agency had confiscated in the past was RM10 million.

While Malaysians are agog at the scale and magnitude of the ill-gotten gains seized by the MACC in Sabah, there is no real surprise and no elation among Malaysians that MACC’s Op Water marked its coming of age as a fully independent and professional anti-corruption agency able to combat the scourge of corruption in Malaysia without fear or favour, whether against ikan bilis or the sharks.

In fact, MACC’s Op Water had deepened public skepticism and cynicism about the battle against corruption in Malaysia, as Malaysians are convinced that if there is a full-fledged and no-holds-barred anti-corruption war in Malaysia, Op Water seizure would pale into insignificance in scale and magnitude with regard to the ill-gotten gains involved, as they would not just be in tens or hundreds of millions of ringgit, but in tens or a hundred times in billions and tens of billions of ringgit!

I fully agree with former MACC advisory panel member, Tan Sri Robert Phang, who want the MACC to probe the higher ups involved, as the two high-ranking civil servants in the Sabah Water Department could be frontmen for certain politicians, as it is difficult to believe that the duo had by themselves managed to amass the millions of ringgit seized from them. Read the rest of this entry »


Swiss Authorities Repeat Call for Malaysia’s Help in 1MDB Probe

Wall Street Journal
Oct. 6, 2016

The Swiss attorney general’s office made an initial request for assistance last January

ZURICH—Swiss authorities said they are trying to advance a probe into the alleged misappropriation of billions of dollars from a Malaysian state investment fund but haven’t yet received anticipated help from Malaysian counterparts.

Switzerland’s Office of the Attorney General said in a statement on Wednesday that its probe, begun in August last year, had uncovered an alleged “Ponzi scheme” at the fund, 1Malaysia Development Bhd., or 1MDB.

Malaysia’s attorney general said Thursday that it had not yet received the additional request for assistance from Switzerland. It didn’t mention an earlier request from January, which Swiss officials say is pending but said it was committed to international cooperation. Read the rest of this entry »

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