Archive for March 4th, 2017
Election Commission must revamp its IT capabilities and facilities to introduce automatic registration of voters or at least ensure that voters who are registered one month before the elections can vote at the 14GE
Yesterday in Sandakan, the Prime Minister, Datuk Seri Najib Razak asked a rhetorical question, that if Malaysia is a failed state, whether King Salman of Saudi Arabia would have come to Malaysia with a large aircraft with a huge entourage?
If Salman’s entourage is an indication of the success of the countries visited by the Saudi King, it would mean that Indonesia is more than twice successful than Malaysia as Salman came to Malaysia with an entourage of 600 while he visited Indonesia with an entourage more than twice that number, i.e. 1,500!
It is of course silly to use the size of the Salman’s entourage as a yardstick to measure the success of the countries visited by the Saudi King.
I have never said Malaysia is a failed state. But unless we pull up our socks, we are in the trajectory of hurtling towards a failed and rogue state. Read the rest of this entry »
Friday, 3 March 2017
Malaysian financier Jho Low is alleged to be the mastermind behind the convoluted labyrinth of offshore vehicles involved in pilfering billions from 1MBD. Has he done too good a job at hiding the assets?
U.S. prosecutors allege that billions were pilfered from Malaysia’s 1MDB. Instead of financing the country’s development, prosecutors allege that millions were spent on luxury hotels like the Park Lane in New York, fine art by Vincent Van Gogh and Claude Monet, a recording catalogue and even financing for the Hollywood blockbuster «The Wolf of Wall Street».
The scandal has engulfed Swiss banks, many of whom acted as a pass-through in Singapore for money to move elsewhere, though the scandal has also reached Zurich itself.
The fate of hundreds millions in luxury assets is currently being duked out in a Los Angeles courtroom, where Jho Low and his family are trying to stop assets being seized by U.S. officials. Read the rest of this entry »