Archive for November 3rd, 2018

Most naïve for UMNO leaders to believe they can wash UMNO’s hand of 1MDB scandal when UMNO has not renounced the 1MDB scandal and over RM400 million 1MDB monies ended up in UMNO hands

Posted by Kit in Financial Scandals, UMNO on Saturday, 3 November 2018

It is quite naïve for UMNO leaders to believe that they can wash UMNO’s hand of 1MDB scandal when UMNO has not renounced the 1MDB scandal and over RM400 million 1MDB monies ended up in UMNO hands.

Deputy UMNO President, Mohamad Hasan said it is unfair, inappropriate and illogical to blame and punish Umno over the 1MDB scandal.

Is Mohamad Hassan saying it is fair, appropriate and logical for 32 million Malaysians and future generations should pay for the RM50 billion 1MDB scandal, when it was the sole creation of the UMNO/BN kleptocrats?

Mohamad said UMNO was not involved in the operation and transactions involving the wealth fund.

The UMNO Deputy President was being dishonest. How else to square with over RM400 million of 1MDB funds disbursed to various UMNO organisations and personalities! Read the rest of this entry »

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Three shocks from the Opposition in Parliament during the 2019 Budget presentation

Posted by Kit in Financial Scandals, Najib Razak, Parliament on Saturday, 3 November 2018

I was wrong yesterday, I thought there would be an empty seat next to the Parliamentary Opposition Leader, Datuk Seri Zahid Hamidi, during the presentation of the 2019 Budget in the Dewan Rakyat yesterday as a day earlier, the United States Department of Justice had finally indicted fugitive financier Jho Loh and a former Goldman Sachs banker Tim Leissner had pleaded guilty to 1MDB corruption and money-laundering charges.

Jho Low was charged in the federal court at the Eastern District of New York for conspiring to launder billions of dollars embezzled from 1MDB.

Low and former Goldman Sachs banker Ng Chong Hwa, also known as Roger Ng, were also charged with conspiring to violate Foreign Corrupt Practices Act (FCPA) to paying bribes to Malaysian and Abu Dhabi officials. Read the rest of this entry »

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