Archive for January 15th, 2017

The entire mega Cabinet of 36 Ministers should resign collectively on Wednesday if it is not prepared to come to grips with the roiling international 1MDB kleptocratic money-laundering scandal and appoint a Royal Commission of Inquiry on 1MDB scandal

In his 2016 New Year message more than a year ago on 31st December 2015, the Prime Minister Datuk Seri Najib Razak told Malaysians that his RM50 billion 1MDB and RM2.6 billion donation twin mega scandals had been resolved and were no more issues.

Najib could not be more wrong as the Malaysian government and people continue to be haunted and hounded by the international multi-billion dollar 1MDB kleptocratic money-laundering scandal.

In the past 12 months, Malaysia went from the third “worst corruption scandal of 2015” by international website foreignpolicy.com in the last week of 2015, to second worst example of global corruption by Time magazine in March last year, second place in the index of crony capitalism by the Economist’s ranking in May, and full-blown “global kleptocracy” when in July, the US Department of Justice (DOJ) filed the largest kleptocratic lawsuits to forfeit US$1 billion of 1MDB-linked assets in the United States, United Kingdom and Switzerland from US$3.5 billion international 1MDB kleptocratic embezzlement and money-laundering scandal.

There has been no let-up of the incessant international battery and assault of Malaysia’s credibility and reputation in the new year of 2017. Read the rest of this entry »

3 Comments