Archive for category Financial Scandals
Najib should declare that he would testify and fully co-operate with PAC investigations on his role in the 1MDB scandal, which caused Malaysia the infamy, ignominy and iniquity of a global kleptocracy
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Friday, 17 August 2018
The 20-day first meeting of the 14th Parliament ended yesterday on a high note with unanimous passage of the motion directing the Auditor-General and the Public Accounts Committee (PAC) to conduct again a detailed investigation on the embezzlement of monies and the scandal with regard to 1MDB and its related companies in order to restore the dignity of the Dewan Rakyat and for all related information to be made public.
This will be unthinkable in the 13th Parliament. In fact, such a motion would not see the light of day, like my motion at the last meeting of the 13th Parliament in March/April 2018 to find the PAC Report unsatisfactory and to direct the PAC to conduct a “fuller and more comprehensive investigation into the 1MDB scandal which had brought Malaysia the 3Is – infamy, ignominy and iniquity – of a global kleptocracy”.
It is quite remarkable that there is a change of mindset among Opposition MPs, as UMNO/BN MPs would have fought tooth-and-nail to stymie any comprehensive investigation into the 1MDB scandal in the 13th Parliament.
In fact, I was suspended from Parliament for six months each in the 13th Parliament, turned into a “parliamentary ghost” and as I said in Parliament yesterday, I was never more ashamed as a Member of Parliament during the 13th Parliament as there was a conspiracy where the 1MDB scandal was elevated into a taboo subject, where questions could not be asked or motions moved. Read the rest of this entry »
Completely baffled by Najib’s reaction that its ok for PAC to re-open probe into 1MDB but it should not focus on finding faults
Posted by Kit in Financial Scandals, Najib Razak on Wednesday, 15 August 2018
I am completely baffled by the reaction of the former Prime Minister, Datuk Seri Najib Razak that it is okay for the Public Accounts Committee to re-open its probe into 1MDB but it should not focus on finding faults.
Is Najib grounded in reality or living in a world of his own delusion that the 1MDB corruption and money-laundering scandal is all fake news and that the US Department of Justice litigation on what the United States Attorney-General described as “kleptocracy at its worst” simply does not exist?
The Finance Minister today gave notice of a motion directing the Auditor-General and the Public Accounts Committee (PAC) to conduct again a detailed investigation on the embezzlement of monies and the scandal with regard to 1MDB and its related companies in order to restore the dignity of the Dewan Rakyat and for all related information to be made public.
Surely Najib cannot be so obtuse or befuddled by delusion as not to understand the far-reaching implications of this motion when it is passed by Parliament tomorrow.
Firstly, it would mean that Najib would have to appear before the PAC to fully account for the 1MDB scandal. Read the rest of this entry »
Is Najib claiming that he had not read the US DOJ’s 251-page kleptocratic litigation papers which explained in great detail how Jho Low had bought Equanimity with embezzled 1MDB funds?
Posted by Kit in Financial Scandals, Najib Razak on Tuesday, 14 August 2018
I am shocked by the statement of former Prime Minister, Datuk Seri Najib Razak, who said yesterday that if 1MDB masterrmind Jho Low had obtained the Equanimity luxury superyacht illegally, as using money that wasn’t his, Jho Low needs to be held accountable.
Is Najib claiming that as Prime Minister, he had not read the United States Department of Justice (DoJ) expanded kleptocratic litigation papers filed in California in June 2017 which explained in great detail how Jho Low had bought Equanimity with embezzled 1MDB funds and which is easily accessible on the Internet?
If Najib, as Malaysian Prime Minister, had not read the US DoJ’s 1MDB litigation papers, which the US Attorney-General had told an interntional conference as “kleptocracy at its worst”, detailing in 251 pages in great detail how Jho Low had embezzled, misappropriated and money-laundered tens of billions of 1MDB funds, then Najib was not fit to be Prime Minister in the first place.
If he had read the US DOJ kleptocratic litigation papers against 1MDB-linked assets in the United States, United Kingdom and Switzerland, in particular, Paragraph 702 – 730 of eight pages on “MORE THAN US$250 MILLION IN LAUNDERED FUNDS WERE USED TO PROCURE THE EQUANIMITY”, then two questions surface Read the rest of this entry »
Three events foiled Najib’s well-planned scheme of immunity and impunity for the world’s 1MDB “worst kleptocracy
Posted by Kit in Financial Scandals, Najib Razak, PH Government on Sunday, 12 August 2018
The Kuala Lumpur High Court’s decision yesterday dismissing Najib Razak’s application for a gag order on the media and public with regard to discussing the merits of his corruption case is in keeping with a New Malaysia unlike the era before the 14th General Election on May 9, 2018 where all the instruments of state were abused to suppress the infamy and ignominy of Malaysia as a global kleptocracy.
Before May 9, 2018, all the instruments of state were bent and suborned to keep from the Malaysian public the monstrosity of the criminality and moral turpitude of the international 1MDB corruption and money-laundering scandal.
Top Government officials who refused to aid and abet in the cover-up of the 1MDB corruption and money-laundering scandal like the Deputy Prime Minister Tan Sri Muhyiddin Yusof and the Attorney-General Tan Sri Gani Patail were either sacked, removed from office or browbeaten into silence.
Government agencies were used to persecute and harass voices which continued to raise questions about the 1MDB scandal, like the censorship of Sarawak Report website and other internet sites while the mass media was closely monitored to censor all news about 1MDB.
MPs were prohibited from asking questions or pursuing the 1MDB scandal, and I was twice suspended for six months from the 13th Parliament while in the last week of the 13th Parliament, I was treated like a “parliamentary ghost” with the Speaker and Deputy Speakers claiming that they could not see me when I entered the parliamentary chamber.
Judicial independence and professionalism came under threat as legal proceedings were launched to shut out all information about the 1MDB scandal.
In the last meeting of Parliament in March, 2018, Najib rammed through the Anti-Fake News Bill which was nothing but a Save Najib from 1MDB Scandal Bill, to criminalise all news about the 1MDB scandal in Malaysia which was available worldwide and punishable as fake news with excessive penalties of RM500,000 fine, 10 years jail or both.
Three events foiled the well-planned scheme of immunity and impunity of the former Prime Minister, Datuk Seri Najib Razak who would otherwise get away with the world’s worst kleptocracy in the international 1MDB money-laundering scandal.
The first event was in July 2016 – the kleptocratic litigation of the US Department of Justice (DoJ) to forfeit over US$1 billion of 1MDB-linked assets in the United States, United Kingdom and Switzerland from over US$3 billion international embezzlement, misappropriation and money-laundering of 1MDB funds.
The second was the victory of Donald Trump and defeat of Hilary Clinton in the US Presidential elections in November 2016, for the campaign that was cranked up by Najib’s highly-paid propaganda advisers to paint the US DoJ kleptocratic litigation as part of an international “liberal” conspiracy (with the support of so-called unpatriotic Malaysians) to topple Najib and the UMNO/BN Government in Malaysia collapsed when Trump unexpectedly defeated Hilary and became the US President.
Najib had studiously presented himself as a “golfing buddy” and “favourite Prime Minister” of Trump, with Najib having a signed photograph of Trump on his desk, and after Trump’s presidential victory, there was speculation that Najib would leverage on his special relationship with Trump to quash or withdraw the US DoJ litigation suit on 1MDB.
But this proved to be futile when in June 2017 (under Trump’s US Presidency), the US DoJ expanded its 1MDB kleptocratic litigation to forfeit another US$540 million of assets stolen from 1MDB, i.e. US$1.7 billion 1MDB-linked assets from US$4.5 billion embezzelement of 1MDB funds.
Najib completely misread the system of American democracy and government – that the professionalism of various institutions of government, like the US DoJ, are not affected with the political change of the US President – a necessary check-and-balance mechanism to preserve the independence and professionalism of different national institutions which are sorely needed in Malaysia.
The third event was the historic and watershed 14th General Election on May 9, 2018, which brought in a new Pakatan Harapan government in Putrajaya, and enabled Malaysians to learn of the enormity of the criminality and moral turpitude in the 1MDB scandal, which made Malaysia into a global kleptocracry overnight.
In Parliament next week, there is a bill to repeal the Anti-Fake News Act, another step to build a New Malaysia where all the instruments of state must be designed to promote democracy, justice and good governance and not to hide scandalous crimes of corruption, embezzlement and money-laundering like the 1MDB scandal.
On May 9, 2018, Malaysians took to the world stage to set the world an example of peaceful and democratic change of government.
We must next take the world stage to show that we are capable of transforming from a global kleptocracy into a leading nation of integrity within a short span of time.
(Speech by DAP MP for Iskandar Puteri Lim Kit Siang at the DAP Parit Buntar Branch anniversary dinner in Parit Buntar on Saturday, 11th August 2018 at 9pm)
Abu Kassim’s 2011 video about the RM24 million diamond ring has only focused national attention on Jho Loh’s RM144 million 22-carat rare pink diamond necklace for Rosmah and highlights what the PAC should do
Posted by Kit in Financial Scandals on Saturday, 11 August 2018
The furore over the video of former Malaysian Anti-Corruption Commission chief Abu Kassim Mohamad’s speech in 2011 over the RM24 million diamond ring has only focussed national attention on 1MDB scandal mastermind, Jho Loh’s RM144 million 22-carat rare pink diamond necklace for the wife of the then Prime Minister, Rosmah Mansor.
Most Malaysians have forgotten about the RM24 million diamond ring episode as what they remember is the infamous US$27.3 million (RM144 million) 22-carat rare pink diamond set in a necklace, which the US Department of Justice alleged was bought by Malaysian billionaire, Low Taek Jho or Jho Low, the other “king pin” of the 1MDB scandal, with stolen 1MDB money for the wife of “Malaysian Official 1” (MO1).
Read the rest of this entry »
Speaker Ariff’s lifting of ban on MPs from questioning and debating 1MDB scandal an important step to restore doctrine of separation of powers and public respect for Parliament and cries out for Najib to answer the many serious charges of corruption and money-laundering in US DOJ litigation suit in his capacity as “MO1”
Posted by Kit in Financial Scandals, Parliament on Thursday, 2 August 2018
Parliament Speaker Datuk Mohamad Ariff Md Yusof’s lifting of the ban on MPs from questioning and debating the international 1MDB corruption and money-laundering scandal is an important step to restore the doctrine of separation of powers and public respect for Parliament as the highest political chamber in the land.
It also cries out for the former Prime Minister, Datuk Seri Najib Razak to answer the United States Department of Justice (DOJ) litigation suit with contained many grave charges of corruption and money-laundering against him, as he was identified as “MALAYSIAN OFFICIAL 1 (MO1)”.
Barisan Nasional Strategic Communications Director and former Minister in the Prime Minister’s Department in charge of Economic Planning Unit, Datuk Seri Abdul Rahman Dahlan, had admitted at the BBC interview in September 2016 that “MO1” is Prime Minister, Datuk Seri Najib Razak and that only an idiot does not know that “MO1” is Najib.
All who had served as Ministers in the Cabinet government in the past two years should declare whether they were “idiots” or they had known all along that Najib was “MO1” who was cited 26 times in the US DOJ 1MDB litigation suit and they were only putting up a great pretence of ignorance to the Malaysian people? Read the rest of this entry »
How does Najib’s denial of signing off RM470 million from 1MDB to UMNO/BN parties square with Shahrir’s admission of receiving RM1 million from Najib after Sarawak Report revealed in August 2015 that Najib had distributed 1MDB monies of RM1 million to Shahrir and RM2 million to Ahmad Maslan after the 13GE?
Posted by Kit in Financial Scandals, Najib Razak on Tuesday, 24 July 2018
Former UMNO/Barisan Nasional Ministers and officials have followed the example of the first two BN speakers, Zahid Hamidi and Wee Ka Siong, in the continuing debate on the royal address in Parliament to shroud the international 1MDB money-laundering scandal in a conspiracy of silence, deploying all sleights-of-hand and employing all possible stratagems and devices to do so, as illustrated by the following:
Firstly, staging of a 65th birthday bash in Parliament House for Datuk Seri Najib Razak, which had never happened in Najib’s nine-year premiership and the testimonial by his wife, Rosmah Mansoh, that Najib is “a very truthful man and he is on the right path” – a testimonial and the person giving the testimonial which very few in Malaysia or the world would regard as credible at all.
Secondly, Wee Ka Siong creating a mountain out of a molehill claiming that the Prime Minister’s replying to a parliamentary question on behalf of Finance Minister Lim Guan Eng could be because of Guan Eng’s incompetence or Tun Dr. Mahathir’s lack of confidence in Guan Eng.
In fact, there was nothing wrong in what happened as Mahahtir would be the proper person to answer Zahid’s question about Japanese loans as it was Mahathir himself who during his visit to Japan in the middle of last month had raised the subject of Japanese yen credit in the form of soft loans partly to retire old loans to offset high borrowing costs. In fact, the Parliamentary Opposition Leader, Zahid Hamidi, might have wrongly directed his question to the Finance Minister.
But what eclipsed both these incidents were the denial by Najib of signing off RM470 million from 1MDB to UMNO/BN parties – for how is this to square with former UMNO Minister and Barisan Nasional Back Benchers’ Club Tan Sri Shahrir Samad’s admission of receiving RM1 million from Najib after Sarawak Report revealed in August 2015 that Najib had distributed 1MDB monies of RM1 million to Shahrir and RM2 million to UMNO Deputy Minister, Datuk Ahmad Maslan after the 13th General Election. Read the rest of this entry »
It is time for Najib to make a clean breast of his involvement in the 1MDB corruption scandal in the Parliament debate tomorrow
Posted by Kit in Financial Scandals, Najib Razak on Sunday, 22 July 2018
Yesterday I asked whether the letter which Datuk Seri Najib Razak’s secret spy chief Hasanah Abdul Hamid wrote as director-general of the Malaysian External Intelligence Organisation (MEIO) to the CIA seeking support against Pakatan Harapan on 4th May if the 14th General Election result turned out to be close was related to the reason why the Najib administration had not protested or taken any action against the US Attorney-General Jeff Sessions’ public condemnation of the 1MDB corruption scandal at an international forum as “kleptocracy at its worst”.
Jeff Session’s condemnation was a very serious matter, as it was as good as an international indictment of the US government that Najib, the then Prime Minister named as “MALAYSIAN OFFICIAL 1 (MO1)” in the US Department of Justice (DoJ) litigation on 1MDB, was “kleptocrat at the worst” on the world stage.
I had continued to ponder on the question why in the past three years, the Najib government had not made a hue-and-cry at international forums at being unfairly regarded worldwide as a global kleptocracy, launching even an all-party international initiative to the United Nations and countries all over the world to defend and clear Malaysia’s reputation from the infamy, ignominy and iniquity of a global kleptocracy? Read the rest of this entry »
Secret letter by Najib government seeking help from CIA in 14GE highlights the question why it had not protested against US Attorney-General’s public condemnation of 1MDB corruption scandal as “kleptocracy at its worst” which is as good as international indictment of Najib as “kleptocrat at its worst”
Posted by Kit in Financial Scandals, Najib Razak on Saturday, 21 July 2018
The secret letter by the Najib government seeking help from the US CIA in the 14th General Election highlights the question why the Najib administration had not protested or taken any action against the US Attorney-General Jeff Sessions’ public condemnation of the 1MDB corruption scandal at an international forum as “kleptocracy at its worst”.
This was as good as an international indictment of the US government telling the world that Najib, the then Prime Minister, was “kleptocrat at its worst” on the world stage.
Can Najib be in Parliament tomorrow to explain why his government did not defend itself against the “kleptocracy at its worst” charge by the US Government at an international forum last December, but five months later, five days before the 14th General Election, sent a secret letter to the CIA seeking support against Pakatan Harapan in case the election result turned out to be close? Read the rest of this entry »
BN parties like UMNO, MCA, Gerakan, MIC and SUPP should return a total of RM470 million which they had received from 1MDB to public coffers
Posted by Kit in Financial Scandals on Wednesday, 18 July 2018
Malaysiakini, in its latest microsite, reveals that in total, at least RM470 million went from 1MDB to various political entities through 102 transactions, excluding individuals, between April 2012 and August 2013.
Umno received the lion’s share, at RM417.4 million or 88.8 percent of the funds. The next biggest recipients were MIC at RM20.55 million, and MCA at RM16.5 million.
The money was distributed to various party chapters, wings and even a party-owned library.
The BN parties like UMNO, MCA, Gerakan, MIC and SUPP should return a total of RM470 million which they had received from 1MDB to public coffers if the revelations are true and correct.
UMNO, MCA, MIC and SUPP have Members of Parliament and their MPs should speak up on the Malaysiakini expose in the current debate in Parliament on the motion of thanks for the royal address.
(Media Statement by DAP MP for Iskandar Puteri Lim Kit Siang in Parliament on Wednesday, July 18, 2018)
Is the failure of previous Najib government to make formal request to Hong Kong Government to arrest Jho Low the same reason why it did not stop the 1MDB scandal in all its four phases from 2009 – 2014?
Posted by Kit in Crime, Financial Scandals, Foreign, Najib Razak on Monday, 9 July 2018
Malaysians woke up to the shock news in Hong Kong’s South China Morning Post (SCMP) that 1MDB scandal mastermind, Penang billionaire Jho Low had stayed in an upscale Hong Kong apartment for months because Malaysia did not make a formal request to authorities there to arrest him.
The Hong Kong newspaper reported that Low and his entourage were “hiding in plain sight” by occupying multiple rooms at the upscale Pacific Place Apartments there.
Four days ago, the Inspector General of Police Tan Sri Mohamad Fuzi Harun said that Jho Low was in Macau, as the Malaysian police had searched for him in Hong Kong but he had left Hong Kong when the Malaysian police arrived.
Macao does not have extradition treaties with other countries.
Read the rest of this entry »
Who made use of who in the 1MDB “goldmine” – Najib or Jho Loh; or was the 1MDB “goldmine” a joint operation by both of them?
Posted by Kit in Financial Scandals, Najib Razak on Saturday, 7 July 2018
The international hunt for Penang playboy billionaire Jho Loh continues.
The latest report is that Jho Low may have left Macau or is seeking asylum from the Chinese territory.
The question that is bugging all Malaysians is who made use of who in the 1MDB “goldmine”- former Prime Minister Datuk Seri Najib Razak or Jho Low, or was the 1MDB “goldmine” a joint operation by both of them.
In a recent interview with Malaysiakini, Najib spoke for the first time at some length on Jho Low, who was 28-years of age when he first teamed up with Najib, who had just become the sixth Prime Minister in April 2008, to set up the 1MDB “goldmine”.
Read the rest of this entry »
Najib should be summoned to appear before the PAC which should be directed to conduct a full and comprehensive investigation into the 1MDB scandal when 14th Parliament meets later this month
Posted by Kit in Financial Scandals, Najib Razak on Tuesday, 3 July 2018
The 14th Parliament, which is to meet on July 16, must have as one of its priorities the purging of the infamy of the 13th Parliament in failing to defend Malaysia’s international reputation for being regarded as a global kleptocracy by directing the Public Accounts
Committee (PAC) to conduct a comprehensive investigation into the 1MDB scandal and to submit its report within 12 months.
I have said that the PAC of the 13th Parliament had committed one of Parliament’s greatest national disservice in six decades in allowing its 1MDB report to be distorted as exonerating the then Prime Minister-cum-Finance Minister, Datuk Seri Najib Razak, from any wrongdoing in the 1MDB scandal – when this was not the case.
Instead of unearthing the criminality and monstrosity of the 1MDB scandal, the PAC of the 13th Parliament sought to do a cover-up of the 1MDB scandal and refused to conduct a fuller and more comprehensive investigation when the US Department of Justice (DoJ) kleptocratic litigation suit in July 2016 to forfeit overt US$1 billion of 1MDB-linked assets made public a mountain of new information and evidence about the 1MDB scandal, which was not available when the PAC concluded its 1MDB investigations and submitted its report to Parliament in April 2016. Read the rest of this entry »
In view of his strategic role in 1MDB scandal, why was Najib not summoned or himself volunteer to testify at the PAC Inquiry in 2015/6 into 1MDB?
Posted by Kit in Financial Scandals, Najib Razak on Saturday, 30 June 2018
The fourth instalment of the exclusive interview of former Prime Minister Datuk Seri Najib Razak with Malaysiakini has raised even more questions than his three previous instalments.
Najib admitted that he should have been more open on the Auditor-General’s Report on 1MDB instead of placing it under the Official Secrets Act and on hindsight, he would have also implemented 1MDB in a different manner.
According to Najib, Pakatan Harapan had exploited the 1MDB issue against BN leading up to the national polls with a “negative” campaign involving character-smearing. Read the rest of this entry »
Public Accounts Committee committed one of its greatest national disservice in six decades in allowing its 1MDB Report to be distorted as exonerating Najib from any wrongdoing in the 1MDB scandal
Posted by Kit in Financial Scandals, UMNO on Saturday, 30 June 2018
One of the highlights of the “live” UMNO Presidential candidates’ debate last night was the admission by Khairy Jamaluddin that one of his regrets in life was to accept the explanation of the 1MDB scandal.
Although he felt there were holes in the explanation provided on 1MDB, Khairy said he accepted the explanations as the investigations that was conducted by the Public Accounts Committee (PAC) did not implicate the prime minister at that time.
This is in fact the greatest disservice of the Public Accounts Committee in six decades where, instead of revealing cover-ups, it helped to cover up the greatest financial scandal in the land. Read the rest of this entry »
Najib should conduct a “1MDB Tell-All” special session for UMNO delegates at the UMNO General Assembly this week
Posted by Kit in Financial Scandals, Najib Razak, UMNO on Thursday, 28 June 2018
During the 14th General Election campaign, the 1MDB Chief Executive Officer Arul Kanda Kandasamy toured the country on a national “Tanya Tanya” roadshow, covering over 30 locations, even challenging DAP leaders to ask him questions about what the government claimed was the fake news about the 1MDB international money-laundering scandal.
I said at the the time that nobody was interested in Arul’s fairy tales about the 1MDB scandal, unless the then Prime Minister, Datuk Seri Najib Razak, stepped forward to account fully for the 1MDB “kleptocracy at its worst” which had landed Malaysia with the ignominy, infamy and iniquity as a global kleptocracy!
When he was Prime Minister, especially in the past three years since July 2015 when information about the RM2.6 billion 1MDB monies went into his personal banking accounts first became interntional news, Najib had avoided the subject of the 1MDB scandal like a plague, sub-contracting it to Arul, probably with the highest remuneration the Malaysian government had ever paid to a private person, all at the taxpayers’ expense!
But the 1MDB scandal was no fake news, which the Najib government had tried to make it into one with the Anti-Fake News Act passed hurriedly before the dissolution of Parliament. Read the rest of this entry »
KPMG’s declaration that no 1MDB accounts are “true and fair” since its formation in 2009 should be the last straw that breaks the camel’s back and make the 1MDB scandal the single biggest issue in the UMNO Assemblies this week
Posted by Kit in Financial Scandals on Wednesday, 27 June 2018
Never before in the history of UMNO Assemblies are there so many elephants in the room which every UMNO leader is strenuously trying to ignore in the UMNO Assemblies this week.
The biggest elephant is undoubtedly the international 1MDB money-laundering scandal, which brought infamy and ignominy to Malaysia as a global kleptocracy, but there are also other elephants in the shoal of mini-1MDB scandals like those affecting MARA, Felda and Tabung Haji.
The 1MDB elephant has continued to grow in size since UMNO/BN was evicted from Putrajaya in the 14th General Election on 9th May 2018, and the UMNO Assemblies this week will be doing UMNO and the nation the greatest disservice if the charade to ignore the 1MDB elephant is continued.
This charade cannot go on, especially after the shocking revelation by one of the Big Four auditors in Malaysia, KPMG, that the accounts of 1MDB cannot be relied on from the time of its inception in 2009 – as it should be the last straw that breaks the camel’s back and make the 1MDB scandal the single biggest issue in the UMNO Assemblies this week. Read the rest of this entry »
UMNO Assemblies this week present an unbelievably fertile ground for the writing of Greek tragedies and even comedies
Posted by Kit in Financial Scandals, UMNO on Wednesday, 27 June 2018
The UMNO Assemblies this week beginning tomorrow present an unbelievably fertile ground for the writing of Greek tragedies and even comedies!
Yesterday, the incumbent contender for the post of UMNO President, Datuk Seri Zahid Hamidi forecast that Pakatan Harapan will implode before the 15th General Election by 2023 and that UMNO will return to Putrajaya soon without the hassle of having to go through a general election.
This is a revised timeline as earlier UMNO leaders were comforting themselves about the disintegration of the Pakatan Harapan government in one or two years’ time. Read the rest of this entry »
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