Archive for October 2nd, 2019
Another week of shame for Malaysia – worldwide advertisement of 1MDB scandal as “the biggest fraud of the century” with emphasis on “true crime” and “current affairs” to promote documentary “The Kleptocrats”
Posted by Kit in Financial Scandals, PH Government on Wednesday, 2 October 2019
It has been another week of shame for Malaysia – as in the past week, Malaysia has been advertised internationally as the country which is home to “the biggest fraud of the century” because of the 1MDB scandal with the emphasis on “true crime” and “current affairs” to promote the documentary “The Kleptocrats”.
Such an advertisement on the “THE MULTI-BILLION $CANDAL THAT SHOOK HOLLYWOOD AND THE WORLD” appears in the international media, whether South China Morning Post in Hong Kong, Straits Times in Singapore or Sydney Morning Herald Australia, and many others.
In Malaysia, the criminal trial of the former Prime Minister, Najib Razak, over 25 charges of abuse of power and money laundering of RM2.28 billion from 1MDB funds, facing up to 20 years in jail if convicted, entered into its 16th day in the High Court of Kuala Lumpur yesterday while another High Court judge has fixed Nov 11 to announce the verdict whether Najib’s defence on seven charges of abuse of power, corruption and money-laundering involving RM42 million of funds from SRC International after 58 days of prosecution case and 57 witnesses needs to be called.
It is not exactly a time when Malaysians came hold their heads high in the world, although there is a silver lining in the dark clouds – as Malaysia is probably the only country in the world which had toppled a kleptocratic regime by peaceful and democratic means on May 9, 2018 and put the former Prime Minister and some of his kleptocratic cronies on trial. Read the rest of this entry »