Archive for May 24th, 2017

Singapore Convicts Fifth Person Involved in 1MDB-Related Cases

by Andrea Tan
May 24, 2017

Kelvin Ang Wee Keng was fined S$9,000 ($6,477) after he admitted that he made a corrupt payment to an analyst in a Singapore case related to 1Malaysia Development Bhd investigations.

Ang, 35, was a broker with Kim Eng Securities Pte until 2015 and made about S$100,000 annually in commissions, prosecutor Vincent Ong said in a Singapore State Court on Wednesday. He was charged a year ago for what authorities said was corruptly giving S$3,000 to a research analyst to speed up the preparation of a favorable valuation report. Read the rest of this entry »


Malaysians do not know whether to laugh or to cry!

Malaysians do not know whether to laugh or to cry!

The Prime Minister, Datuk Seri Najib Razak claimed that his government is No. 1 in the world in transparency and government delivery when presenting the Government Transformation programme (GTP) yesterday, but on the same day, TIME magazine included Najib in its list of five world leaders who it claims are less popular than United States President Donald Trump.

The TIME magazine “risk report” said that despite an approval rating of under 40 per cent, Trump was “sitting pretty” compared to the five – the other four being Venezuelan President Nicolas Maduro, Brazilian President Michel Temer, South African President Jacob Zuma and Prime Minister of Greece Alexis Tsipras.

Najib was cited among the ignominous five because of the international multi-billion dollar 1MDB money laundering scandal, which Najib had denied, but which has earned Malaysia the appellation of a “global kleptocracy” – especially after the US Department of Justice (DOJ) largest kleptocratic lawsuits to forfeit over a US$1 billion 1MDB-linked assets in the United States, United Kingdom and Switzerland.

The TIME citation of Najib asked: “Who needs popularity when you have political power and money in the bank?” Read the rest of this entry »