Archive for category Financial Scandals

The “nothing-to-hide” 1MDB pandemonium a sign of growing panic among UMNO leaders that UMNO/BN would lose to Pakatan Harapan in 14GE

The ruckus at the “nothing-to-hide” 1MDB forum at Shah Alam is a sign of growing panic among UMNO leaders that UMNO/BN would lose to Pakatan Harapan in the 14th General Election.

I welcome the statement by the Deputy Prime Minister and Home Minister, Datuk Seri Zahid Hamidi that the police would investigate professionally and would take action against the culprits of the ruckus yesterday.

I only feel pity for the actual culprits, who for pittance, allowed themselves to be used as tools to disrupt the “Nothing-to-hide” 1MDB forum.

Investigation and action must be taken not only against the actual culprits but the masterminds of the ruckus, and a special effort must be made by the authorities to trace these “masterminds” of trouble. It should not be difficult to trace the “masterminds”, although the actual culprits of the ruckus could only lead to their “handlers”, but it is these “handlers” who would lead to the “masterminds”.

This would be a test of the professionalism of the Police.

The pandemonium created at the “Nothing to hide” 1MDB forum at Shah Alam is the latest evidence of the growing panic among UMNO leaders that UMNO/BN would lose to Pakatan Harapan in 14th General Election. Read the rest of this entry »

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Is Abdul Rahman Dahlan regretting having admitted at the BBC interview last September that “MO1” is Najib Razak and that only idiots do not know that ”MO1” is Najib?

Is the Minister in the Prime Minister’s Department and Director of Barisan Nasional Strategic Communications, Datuk Seri Abdul Rahman Dahlan regretting having admitted at the BBC interview last September that “MO1” is Prime Minister, Datuk Seri Najib Razak and that only an idiot does not know that “MO1” is Najib?

I am sure all the other Cabinet Ministers, who have virtually been condemned as “idiots” by Abdul Rahman, are gleefully condemning the BN Strategic Communications Director as a real idiot for having made such an admission, now that the US Department of Justice (DOJ) has asked the Los Angeles court to put on hold civil forfeiture lawsuits against 1MDB-linked assets to allow criminal investigations into the 1MDB scandal to proceed without any hampering.

In the DOJ‘s court filings to stay its civil forfeiture suits on 1MDB-linked assets, there is no mention of Malaysian Official 1 (MO1), his spouse, or any transfers or gifts made to them.

The BN Strategic Communications Media team under Abdul Rahman immediately pounced on this yesterday and was the first to come out with a response, virtually claiming that the DOJ’s action to stay its civil forfeiture lawsuits to permit criminal investigations to continue unhampered was virtually a victory for the Malaysian government on the baseless ground that the DOJ’s latest action was tantamount to admission that its earlier 250-page civil forfeiture suits were baseless and groundless.

I do not know how the BN Strategic Communication team under Abdul Rahman could come to such a ridiculous conclusion, as the DOJ’s announcement has in fact brought DOJ investigations into the 1MDB scandal to a more serious level, requiring the putting on hold of the DOJ’s civil forfeiture actions so as not to hamper the DOJ’s criminal investigations. Read the rest of this entry »

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Various global developments of the 1MDB scandal coming to a head and it may not be possible for Najib government to continue with national and international charade pretending the 1MDB scandal does not exist

Various global developments of the 1MDB scandal, which made Malaysian overnight into a global kleptocracy, are coming to a head and it may not be possible for the Najib government to continue with the national and international charade pretending that the 1MDB scandal does not exist.

Firstly, there is the news report from Los Angeles that the billions of US dollars of stolen 1MDB funds are now the focus of United States criminal investigation and that the US Justice Department has asked a judge in Los Angeles to put on hold civil forfeiture lawsuits against assets acquired by Malaysian financier Jho Low and others involved with 1MDB to prevent any hampering with the criminal investigation.

The US investigation is part of a global effort to track how much of the US$6 billion that 1MDB raised for development projects were stolen, embezzled or involved in money-laundering and used to pay for luxury real estate in New York, London and Beverly Hills, film productions, private jets, yachts and more – all for personal aggrandizement.

What is now the stand of the Attorney-General, Tan Sri Mohd Apandi Ali as it was only in June after the third kleptocratic suits by US DOJ to forfeit 1MDB-linked assets money-laundered through American banks that Apandi reiterated that “there has been no evidence from any investigation conducted by any law enforcement agency in various jurisdictions that show that money has been misappropriated from 1MDB; and that there have been no criminal charges against any individual for misappropriation of funds from 1MDB”?

No ostrich has dug it head so deep in the sand, despite Apandi’s exoneration of Najib of any wrongdoing or crime in the 1MDB scandal in January 2016 which had become increasingly ridiculous and unbelievable with the deluge of information and data on the 1MDB international money-laundering scandal, especially from the US Department of Justice kleptocratic suits. Read the rest of this entry »

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Stolen 1MDB Funds Are Focus of U.S. Criminal Investigation

By Edvard Pettersson
Bloomberg
August 11, 2017

The U.S. is moving forward with a criminal investigation into money stolen from a Malaysian state investment fund that allegedly was used to acquire about $1.7 billion in real estate, art, jewelry and other assets.

Court filings by the Justice Department Thursday show the U.S. is escalating its probe in a worldwide effort to track how much of the money that was raised by 1Malaysia Development Bhd. was used to pay for luxury real estate in New York, London and Beverly Hills, film productions, private jets, yachts and more.

Justice Department officials asked a judge in Los Angeles to put on hold civil forfeiture lawsuits against assets acquired by Malaysian financier Low Taek Jho, also known as Jho Low, and others involved with 1MDB because pursuing these cases may hamper the criminal investigation.

The U.S. investigation is part of a global effort to track how much of the $6 billion that 1MDB raised for development projects was allegedly embezzled or involved in money laundering. Switzerland, Singapore and Luxembourg are among the countries also investigating the roles played by banks and individuals. Read the rest of this entry »

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Why have Speaker Pandikar and Minister Azalina failed to provide MPs with the opportunity to review the Speaker’s rulings which denied MPs the right to hold the Executive to account on the 1MDB scandal?

Speaker Tan Sri Pandikar Amin Mulia broke the Speaker’s gavel at a time when he was mightily displeased that his decisions are being challenged in court.

But is the Speaker aware that conscientious and hard-working Members of Parliament are mightily displeased with his many 1MDB-related decisions, such as rejecting questions on the 1MDB scandal by over 30 Members of Parliament in the current parliamentary meeting, and virtually banning 1MDB from being debated in Parliament, with no meaningful recourse to the Standing Orders to review the Speaker’s ruling?

The Minister in the Prime Minister’s Deparment in charge of Parliamentary Affairs, Datuk Azalina Othman Said said Pakatan Harapan MP for PJ Selatan, Hee Loy Sien, had undermined Parliament’s independence and sullied Parliament’s good name when he sued Parliament Speaker Tan Sri Pandikar Amin Mulia.

Azalina cannot be more wrong.

I fully endorse Loy Sien’s legal action and the statement by the Pakatan Harapan MP for Padang Serai, N. Surendran who, together with Latheefa Koya act as Loy Sien’s lawyers, said that the suit against the Parliament Speaker was intended to uphold the dignity and role of Parliament to be the scrutineer of the actions of the Executive.

Loy Sien’s legal recourse is in fact a reflection of Azalina’s failure to uphold the parliamentary conventions in keeping with a first-world Parliament, where Parliament has not lost the powers and the independence intended by the Constitution and the doctrine of separation of powers among the Executive, the Legislature and the Judiciary.
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The 1MDB-IPIC London arbitration “settlement” is a financial scam against the people of Malaysia – why did Speaker Pandikar become part of it by refusing a parliamentary debate on it?

The Prime Minister, Datuk Seri Najib Razak said yesterday that 1MDB is able to pay Abu Dhabi’s International Petroleum Investment Co (IPIC) the US$602.5 million as part of a settlement struck in April, giving an assurance that 1MDB was facing a “technical matter” and not a question of being unable to pay (IPIC).

The DAP MP for Segambut, Lim Lip Eng’s emergency motion today under Standing Order 18(1) on 1MDB’s failure to meet the deadline to pay IPIC was rejected by the Speaker, Tan Sri Pandikar Amin Mulia, on the ground that the Speaker “difahamkan oleh pihak Kerajaan bahawa 1MDB telah mengambil tindakan seperti yang telah di umumkan pada 1Ogos 2017 berkenaan dengan Pelan Rasionalisasi 1MDB bagi menyelesaikan isu yang dibangkitkan dalam usul” Lip Eng.

I rose in Parliament just now and said that the 1MDB-IPIC London arbitration “settlement” is a financial scam against the people of Malaysia and asked why the Speaker wanted to be part of this financial scam to deceive Parliament and the people of Malaysia by rejecting a parliamentary debate on it.

The 1MDB failure to pay IPIC has been attributed to misappropriation of 1MDB fund or being symptomatic of “bad financial planning”.
I think it is more serious, as the whole so-called 1MDB-IPIC arbitration settlement is a financial scam against the interests of Malaysian taxpayers.

The second Finance Minister, Datuk Johari Abdul Ghani is on record as saying that he had studied the documents of the 1MDB-IPIC dispute and he was confident that 1MDB would win the case in going for London arbitration.

Why then did the Ministry of Finance and 1MDB ended up “surrendering” to IPIC claims in toto in reaching the 1MDB-IPIC London arbitration “settlement” where 1MDB had to pay IPIC twice, and now we have the new problem of 1MDB unable to meet the deadline for the a first payment? Read the rest of this entry »

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Was Dzulkifli given two specific tasks on his appointment as MACC Chief – don’t allow any investigation affecting Najib’s political survival and free mandate to abuse the MACC to hound the Opposition?

Datuk Dzulkifli Ahmad thanked the heavens for having completed his first year as Malaysian Anti-Corruption Commission Chief Commissioner.

He said yesterday: “Alhandulillah, I survived.”

In his first year as MACC Chief Commissioner, the MACC had admittedly been very active when compared to previous chiefs whether of MACC or its predecessor, the Anti-Corruption Agency, in pursuing actions against corruption and the corrupt except in the biggest case of kleptocracy not only in Malaysia but in the world – the international multi-billion dollar 1MDB money-laundering scandal, which had even transformed Malaysia overnight into a global kleptocracy!

In fact, when on January 26, 2016 the Attorney-General Tan Sri Mohamad Apandi Ali cleared the Prime Minister, Datuk Seri Najib Abdul Razak of any wrongdoing on the RM2.6 billion found in the latter’s personal bank accounts, Dzulkifli was seated next to the chief prosecutor during the press conference, in his capacity as director of the Attorney-General’s National Revenue Recovery Enforcement Team.

It is clear that Dzulkifli had played a major role in the Attorney-General’s decision that Najib had not committed any wrongdoing on the RM2.6 billion “donation” in the Prime Minister’s personal bank accounts.

Dzulkifli should explain whether his appointment as Chief Commissioner of MACC came with two specific tasks – firstly, not to allow any investigation affecting Najib’s political survival, in particular the 1MDB scandal, and secondly, a free mandate to abuse the MACC to hound the Opposition? Read the rest of this entry »

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Parliament Speaker Pandikar should take a cue from the AG’s refusal to send lawyers to US to observe the US DOJ’s civil forfeiture suits of 1MDB-linked assets to revoke his ridiculous ruling banning MPs from asking questions or debating the 1MDB scandal in Parliament

The Parliament Speaker, Tan Sri Pandikar Amin Mulia should take a cue from the Attorney-General, Tan Sri Mohamad Apandi Ali’s refusal to send lawyers to the United States to intervene or observe the United States Department of Justice (DOJ) civil forfeiture of US$1.7 billion 1MDB-linked assets to revoke his ridiculous ruling banning Members of Parliament from asking questions or debating the 1MDB scandal in Parliament.

It is ridiculous for the Attorney-General to adopt the stance that the US DOJ forfeiture suits were unfounded, misconceived and baseless as there is no evidence that any 1MDB funds had been misappropriated or money-laundered, while on the other hand the Speaker of Parliament adopted the equally ludicrous stance that he has “extra-territorial” powers under the sub judice rule to protect the integrity, independence and impartiality of the American system of justice while completely impotent to protect the integrity, independence and impartiality of the Malaysian system of justice!

I had last week challenged Speaker Pandikar to cite an instance from another Commonwealth Parliament where the Speaker used sub judice rule to stop parliamentary question, debate or scrutiny of a local financial scandal because of court proceeding in another country but the Speaker has not been able to cite an instance so far and must be busy looking for such a precedent in another Commonwealth Parliament. Read the rest of this entry »

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1MDB Misses $603 Million Payment to Abu Dhabi Sovereign Wealth Fund

By Elffie Chew
Bloomberg
August 1, 2017

1Malaysia Development Bhd. failed to make a $603 million payment to Abu Dhabi’s sovereign wealth fund as part of a settlement over a debt dispute, according to a person with knowledge of the matter.

International Petroleum Investment Co. is expected to make an announcement in London on Tuesday, said the person who asked not to be identified as the information isn’t public yet.

The obligation, which was due on July 31, is half the amount 1MDB and the Malaysian finance ministry agreed to make to IPIC, with a second payment by the end of 2017. 1MDB and the Ministry of Finance didn’t immediately respond to emails seeking comment on the non-payment. Read the rest of this entry »

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Height of government irresponsibility and professional negligence not to have legal representation in the US DOJ kleptocratic suits to forfeit US$1.7 billion of 1MDB-linked assets money-laundered from US$4.5 billion through American banks

It is the height of government irresponsibility and professional negligence on the part of the Cabinet and the Attorney-General’s Chambers not to have legal representation in the United States Department of Justice (DOJ) kleptocratic suits to forfeit US$1.7 billion of 1MDB-linked assets in the United States, United Kindom and Switzerland from money-laundering of US$4.5 billion misappropriated from 1MDB.

The answer from the Minister in the Prime Minister’s Department, Datuk Seri Azalina Othman that the Attorney-General’s Chambers has no plans to send lawyers to the US to observe the DOJ’s civil forfeiture suits on 1MDB-linked assets is most shocking indeed.

If the Najib government is consistent, isn’t the Attorney-General’s Chambers seeking an intervention in the US DOJ proceedings to prove that the US DOJ civil forfeiture proceedings are completely misplaced, as both the Malaysian government and the 1MDB had not lost a single sen and that no 1MDB funds had been money-laundered through Americans banks to the tune of US$4.5 billion with US$1.7 billion of 1MDB-linked assets the subject of kleptocratic assets forfeiture proceedings?
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Challenge to Speaker Pandikar to cite an instance from another Commonwealth Parliament where the Speaker used sub judice rule over court proceeding in another country to stop parliamentary question, debate or scrutiny of a financial scandal

The Speaker of Parliament, Tan Sri Pandikar Amin Mulia, likes to quote back to me one observation I had made in Parliament, that a good Speaker does nspeak much.

Pandikar is not only a very talkative Speaker, he even holds media conferences to justify his decisions and rulings, some of which are quite high-handed and most indefensible from the standpoint of impartial and independent interpretation of the parliamentary standing orders.

The best place for Pandikar’s justification of his arbitrary and indefensible rulings and decisions, the most recent of which were the rejection of questions from over 30 MPs on the 1MDB scandal and refusal to allow the 1MDB scandal, which had turned Malaysia overnight into a global kleptocracy, to be the subject of debate in Parliament, is in Parliament itself and not in media conferences where the Speaker cannot be rebutted by MPs.

DAP MP for Puchong, Gobind Singh Deo, who also had questions on 1MDB rejected by the Speaker, had given notice on Wednesday of a substantive motion to review the Speaker’s rulings which in first-world Parliaments, would have come up for debate and decision in Parliament after a 48-hour notice.

Will Gobind’s motion to review the Speaker’s rulings come up for debate in Parliament next week? Read the rest of this entry »

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Setting up integrity unit in GLCs and government business meaningless “PR” exercises unless Prime Minister and entire Cabinet have the political will to set example of zero tolerance for corruption starting with a RCI into 1MDB scandal

The setting up of an integrity unit in all government-linked companies and ministry-owned business entities to curb graft announced by the Prime Minister, Datuk Seri Najib Razak at the 13th Invest Malaysia Kuala Lumpur conference yesterday will only end up as meaningless “PR” exercises unless the Prime Minister and the entire Cabinet have the political will to be examples of zero tolerance of corruption.

This political will to ensure “zero tolerance for corruption” should start from the very top from the Prime Minister downwards, and should begin with comprehensive investigations and satisfactory accounting of the international multi-billion dollar 1MDB money-laundering scandal, which had transformed Malaysia overnight into a global kleptocracy. Let a Royal Commission of Inquiry into the 1MDB scandal be established.

The Prime Minister should know better than anyone that Malaysian leaders have lost the moral high ground, whether at home or in the international arena, to talk about ethics, morality, integrity and good governance so long as Malaysia is tarred and tainted with the odious appellation of a global kleptocracy and the Malaysian government is unable to do anything to clear or cleanse Malaysia of such infamy and ignominy.
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Today calls for celebration: I have become the most powerful person in Malaysia but how come I do not know about it?

Today calls for celebration. I have become the most powerful person in Malaysia, but how come I do not know about it?

I am honoured that the Prime Minister, Datuk Seri Najib Razak, had used the international conference on 13th Invest Malaysia Kuala Lumpur (IMKL) to announce that I am the most powerful person in Malaysia who could do what even the Prime Minister himself could not do – to make two former Deputy Prime Ministers, Datuk Seri Anwar Ibrahim and Tan Sri Muhyiddin Yassin and the longest-serving former Prime Minister of Malaysia, Tun Dr. Mahathir Mohamad, as my stooges and puppets to do my every beck and call, although I am “hiding” at the back to “dupe the Malays”.

What immediately come to mind is whether the Malays are so easy to “dupe” after some six decades of UMNO government in Malaysia, and if so, whether it is an indictment and confession of the failure of UMNO government and policies that after 60 years of UMNO rule, it is so easy to “dupe” Malays in the country, “hiding” in the back?
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Najib in panic mode

The Prime Minister, Datuk Seri Najib Razak is in panic mode.

His latest attack of nerves that he would fulfill the “RAHMAN” prophecy as the last UMNO Prime Minister in Malaysia in the 14th General Election came about because of an unprecedented concatenation of external and internal developments.

Externally, the 1MDB scandal which had brought Malaysia worst infamy and ill-repute in nation’s history transforming Malaysia overnight into a global kleptocracy, has just refused to die.

Although Najib had wished in his 2016 New Year Message on 31st December 2015 that his RM50 billion 1MDB and RM2.6 billion donation twin mega scandals had been resolved an d were no more issues, events have proved that he could not be more wrong.

For almost every month in the past 19 months since Najib’s 2016 New Year Message, the 1MDB scandal, far from disappearing into thin air, has gathered increasing speed, momentum and power as the biggest kleptocratic scandal in the world, promising even to out-live Najib’s premiership.

In July 2016, the United States Department of Justice (DOJ) filed its largest kleptocratic lawsuits to forfeit over US$1 billion of 1MDB-linked assets embezzled from 1MDB funds and money-laundered through American banks, a detailed lawsuit covering some 126 pages which highlighted the role of “MO1”. Read the rest of this entry »

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If Apandi is so God-fearing, he should not be Attorney-General of a global kleptocracy

Replying to the former Prime Minister, Tun Dr. Mahathir Mohamad who said at the Pakatan Harapan Ceramah “Sayangi Malaysia, Hapus Kleptokrasi” in Shah Alam on Monday night that if Pakatan Harapan forms the government after the next general election, it would summon the Attorney-General, Tan Sri Mohamed Apandi Ali over the allegation that he used the Official Secrets Act (OSA) to hide evidence in the 1MDB scandal, Apandi replied:

“I do not fear anyone, including Mahathir. I don’t fear human beings, but I fear Allah.”

If Apandi is so God-fearing, he should not be Attorney-General of a global kleptocracy.

Let me remind Apandi of the following Quranic injunctions:

“Do not act wickedly in the land spreading corruption, disorder or mischief. [Quran 2.60]”;

“Do not confound the truth with falsehood, nor knowingly hide the truth [Quran 2.42]”. Read the rest of this entry »

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1MDB scandal and Malaysia as global kleptocracy are potent signs that something is very wrong and even rotten in Malaysia and that the nation has lost its moral moorings of its founding years of Merdeka and Malaysia

Yesterday was the eighth anniversary of the murder of an idealistic young Malaysian, Teoh Beng Hock in Shah Alam, who died because of a baseless allegation of corruption involving RM2,400 for 1,500 Malaysian flags used in the Merdeka celebrations in 2008, where the institutions of state were misused by the powers-that-be to persecute political opponents.

If a RM2,400 case could cost a life to be lost, how many lives should be lost over the 1MDB financial scandal?

The 1MDB scandal, which catapulted Malaysia into stratospheric infamy as a global kleptocracy, is one of astronomical proportion and could involve RM50 to RM55 billion – which means that some 100 million people (more than three times the population of Malaysia) would have to die if a person’s life could be lost over a RM2,400 allegation.

This highlights the monstrosity of the 1MDB scandal!

Recently, there were glowing reports about the benevolence of one 1MDB mastermind, Penang billionaire Jho Low, who donated hundreds of millions of ringgit to charitable foundations.

This was also about the time when the Prime Minister, Datuk Seri Najib Razak declared that “Not everything about the 1MDB is bad or negative” and lamented that many Malaysians were unaware that 1MDB had contributed a lot of good in many ways, like spending RM57 million since 2011 to finance 5,700 Malaysians to perform the haj. Read the rest of this entry »

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Two things for Malaysian voters to prove at the 14th GE – that Malaysians reject kleptocracy and is a normal democratic country

There are two things for Malaysian voters to prove in the next 14th General Election – firstly, that Malaysians reject kleptocracy; and secondly, that Malaysia is a normal democratic country.

I do not believe there a single person who would think when the country attained Merdeka on August 31, 1957 or when Malaysia was formed on Sept. 16, 1963 that the nation would become not just a kleptocracy, but a “global kleptocracy”.

Malaysia only became known as a “global kleptocracy” after the 13th General Election in May 2013.

This is quite an achievement of sorts in so short of time, but Malaysians must demonstrate in the 14th General Elections that they are not proud of such “achievement” and do not want such international infamy and ignominy for the country, where they are shy when overseas to admit that they are Malaysians for they do want to answer questions revolving around “MO1”or the RM117 million pink diamond necklance for “wife of MO1”.

For six decades, the political rulers in Malaysia from Barisan Nasional have acquired the traits of a “big bully” which can be seen by the high-handed and arbitrary manner in which they tried to disqualify the DAP Sarawak State Assemblyman for Pujut, Dr. Ting Tiong Choon with the brute Barisan Nasional majority in the Sarawak State Assembly.

Another example of Barisan Nasional as the “big bully” trampling on the human rights of Malaysians is the high-handed and arbitrary ban of political activist Hiew Kuan Yau from entering Sarawak this evening to be guest speaker at this Miri DAP Branch dinner. Read the rest of this entry »

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Is there not a single one from the 36 Ministers who realized that establishing an RCI into Bank Negara forex earnings losses a quarter of a century ago without a RCI into 1MDB is the dumbest thing the Cabinet can do?

Newly-appointed Pakatan Harapan Chairman and former Prime Minister, Tun Dr. Mahathir Mohamad, in his blog yesterday, wrote:

“On the other hand, no RCI is being set up to investigate the proven losses of tons of money by 1MDB and Najib despite the enormous evidence of wrongdoings which are available to the world and the Malaysian public.

“The RCI on currency trading by Bank Negara more than thirty years ago is not about seeking justice but is clearly a desperate effort by Najib to silence his detractors. It will not work.”

I fully agree with Mahathir.

In fact, I want to ask if there was not a single one from the 36 Ministers who did not realize that establishing a Royal Commission of Inquiry (RCI) into Bank Negara forex earnings losses a quarter of a century ago without a RCI into 1MDB is the dumbest thing the Cabinet can do and that the Malaysian Cabinet has become the laughing stock in the world in the past three weeks?

Where is the conscience of Barisan Nasional in the Cabinet? Gerakan had forsaken that self-appointed role as “conscience” of Barisan Nasional long time ago, and has the Barisan Nasional Cabinet and government become conscienceless all these years? Read the rest of this entry »

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Najib should take a leaf from Singapore Prime Minister Lee Hsien Loong, schedule a three-day parliamentary debate on 1MDB on 24-26th July when Parliament reconvenes and waive parliamentary immunity to give full accounting of a scandal which has made Malaysia into a global kleptocracy

The Prime Minister, Datuk Seri Najib Razak should take a leaf from his Singapore counterpart and schedule a three-day parliamentary debate on 1MDB on 24-26th July when Parliament reconvenes and waive parliamentary immunity to give a full accounting of the scandal, which has made Malaysia into a global kleptoracy.

Up to now, Najib and his government have put up an elaborate but artificial charade that the 1MDB scandal does not exist, a figment of imagination of Najib’s enemies who want to topple the Malaysian Prime Minister and undermine the national sovereignty of Malaysia.

However, the fig leaf of such an elaborate and artificial charade has been torn to shreds by the guilty plea of the former Singapore banker, Yeo Jiawei, to charges including money-laundering of stolen 1MDB funds. Yeo played a role in the 1MDB money-laundering transactions and made secret profits on the side.

Even more ominous was the statement by the Singapore prosecutors that 1MDB was the “main victim” of the US$6 billion financial scam by the Penang billionaire Jho Low and the revelation that Jia Wei had agreed to help with Singapore’s 1MDB money-laundering probes, described as the largest in the country’s history. Read the rest of this entry »

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Why had Khairy been overshadowed not only by “old men” in Pakatan Harapan but also “old men” in UMNO?

Former Prime Minister, Tun Dr. Mahathir Mohamad made a valid point when he asked the UMNO youth leader and Minister for Youth and Sports, Khairy Jamaluddin, why he is afraid of “old men” in politics because Khairy had asked Mahathir, Datuk Seri Anwar and I myself to retire from politics.

While we wait for Khairy’s reply, just as I am waiting for Khairy to elucidate the mysterious reason he had given asking for my retirement from politics, Khairy should explain why he is being overshadowed not only by “old men” in Pakatan Harapan, but also by “old men” in UMNO!

Khairy, who may regard himself as the greatest gift to Malaysians, has failed to stand heads-and-shoulders over the “half-past six” and “deadwood” Ministers in the Najib Cabinet which he joined in 2013 – an eloquent but sad testimony of the mediocrity of an Oxonian. Read the rest of this entry »

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