By Zan Azlee
Asian Correspondent
14th November 2016

A LOT of things happening in Malaysia are grabbing headlines in the news media, from the martial arts obsessed racist red shirts who break concrete blocks on their heads while demonstrating silat skills and protesting against clean and fair elections, to Prime Minister Najib Razak singing karaoke with Philippines President Rodrigo Duterte.

This is all fine and good. I mean, these are current events and definitely newsworthy to be in the media. What I am trying to say is that, although we can and do consume news that is absurd and amusing to our hearts, we should also not forget the news that is more important and has a more adverse affect on society.

Recently, news just broke about how the Malaysian government has refused to provide information and to collaborate with Switzerland’s authorities who are currently investigating corruption allegations within their banking system that is related to the 1MDB scandal, 1MDB being the controversy hit national sovereign wealth fund.

According to news reports, Malaysia is refusing to provide details to the Swiss authorities because apparently, the attorney-general’s office claims that there is an on-going police investigation by Malaysian police on the 1MDB. And this isn’t the first time they have refused to assist. Read the rest of this entry »

Daily Mail
By AFP
15 November 2016

Malaysian Prime Minister Najib Razak has been under fire since 2014 over allegations that billions of dollars were looted from state investment fund 1MDB in an audacious campaign of fraud and money-laundering.

On Saturday, an influential pro-reform group is planning a rally in downtown Kuala Lumpur to demand Najib’s ouster over the affair.

Here are some answers to key questions in the saga. Read the rest of this entry »

BEN BUTLER and KYLAR LOUSSIKIAN
The Australian
November 15, 2016

An investigation by US authorities into the alleged theft of billions of dollars from Malaysia’s sovereign wealth fund 1MDB was in part fuelled by Attorney-General Loretta Lynch’s desire to divert attention from Hillary Clinton’s email scandal, according to materials distributed in private lectures given by the company’s chief executive Arul Kanda in Australia last week.

The glossy 20-page booklet claims the US Department of Justice investigation, which has so far resulted in the freezing of more than $US1 billion ($1.34bn) in ­assets allegedly removed from 1MDB, is “questionable, strange and bizarre” and threatens the stability of Malaysia.

When it was set up in 2009, 1MDB was touted as a development bank that would invest billions of dollars into energy, real estate and hospitality, but the DoJ alleges the pillaging of the fund began within months of its creation.

Under increasing pressure from the series of international investigations, 1MDB and the ­Malaysian Special Affairs Department, JASA, have been secretly shoring up support among backers of the country’s ruling party in a series of closed-door lectures at Australian universities. Read the rest of this entry »