Archive for category Financial Scandals
Ismail Sabri is wrong if he thinks he is doing a favour to his former party leader and former Prime Minister, Najib Razak, by adopting an inert instead of a proactive position on investigations into the Pandora Papers
Posted by Kit in Financial Scandals, Ismail Sabri on Monday, 18 October 2021
The Prime Minister, Ismail Sabri is wrong if he thinks he is doing a favour to his former party leader and former Prime Minister, Najib Razak by adopting an inert instead of a proactive position on investigations into the Pandora Paper with regard to offshare financial abuses.
One of the personalities highlighted in the Pandora Papers is Najib’s adviser on 1MDB when Najib was the Prime Minister – Jho Low, a fugitive financier who masterminded the 1MBD scandal and wanted by Malaysia, Singapore and the United States.
Read the rest of this entry »
Ismail Sabri’s comment on the Pandora Papers shows that he does not fully understand the responsibilities of a Prime Minister of Malaysia
Posted by Kit in Financial Scandals, Ismail Sabri on Sunday, 17 October 2021
The Prime Minsiter, Ismail Sabri Yaakob said yesterday that that his government will not interfere in any investigation against individuals whose name were implicated in the Pandora Papers document leak.
His comments show that Ismail Sabri does not fully understand the responsibilities of a Prime Minister of Malaysia. Read the rest of this entry »
Parliament should set up a special parliamentary select committee to investigate into the Pandora Papers and make recommendations to the government
Posted by Kit in Financial Scandals, Parliament on Saturday, 16 October 2021
Parliament should set up a special parliamentary select committee to investigate into the Pandora Papers and make recommendations to the government for four reasons:
Firstly, the Speaker Azhar Azizan Harun’s admission that the Pandora Papers were important matters of public interest and should be looked into by a Parliamentary Select Committee; and Read the rest of this entry »
Are we having a MACC scandal over the MARA corruption scandal over the transaction of Australian properties?
Posted by Kit in Corruption, Financial Scandals on Friday, 4 September 2020
(Tatal ke bawah untuk kenyataan versi BM)
Is the Malaysian Anti-Corruption Commission (MACC) aware of the identity of the “most powerful Malaysian political figure” referred to by Australian media Sydney Morning Herald, The Age and The Sun as implicated in the RM70 million MARA corruption scandal involving the transaction of Australian properties?
If so, why had no action been taken by the MACC against this “most powerful Malaysian political figure”; and if not, why the MACC had not sought information from its Australian counterpart in the Australian Federal Police investigating the case?
This has become the most pertinent question following the action by the Australian Federal Police seizing properties and cash worth Australian $1.6 million and the corruption prosecution of Australian property developer Dennis Teen last month over charges that he paid Malaysian government officials Australian $4.75 million in bribes to facilitate the purchase of a property development in Melbourne by MARA. Read the rest of this entry »
Is MACC opening investigation on former Transport Minister Liow Tiong Lai for approving Klang Valley Double Tracking(Phase 2)(KVDT2) project at RM5.265 billion as the present Transport Minister Wee Ka Siong says it costs only RM3.398 billion – a whopping difference of RM1.867 billion?
Posted by Kit in Corruption, Financial Scandals on Saturday, 29 August 2020
(Tatal ke bawah untuk kenyataan versi BM)
Is the Malaysian Anti-Corruption Commission (MACC) opening investigation on former Transport Minister Liow Tiong Lai for approving Klang Valley Double Tracking(Phase 2)(KVDT2) project at RM5.265 billion as the present Transport Minister Wee Ka Siong says it costs only RM3.398 billion – a whopping difference of RM1.867 billion?
The Perikatan Nasional Government wanted to lay a trap for former Finance Minister and DAP Secretary-General, Lim Guan Eng when in a preplanned move in Parliament, the Finance Minister Tengku Zafrul Abdul Aziz told the UMNO MP for Pontian, Ahmad Maslan that a total of 101 projects with a procurement value of RM6.61 billion had been awarded through direct negotiations during the 22-month Pakatan Harapan government, giving the impression that corruption was involved – which was dutifully followed a statement by MACC the next day which said it was obtaining information from the finance ministry a list of the 101 projects to determine whether there exists elements of corruption, irregularities or abuse of power.
Guan Eng has pointed out that the Pakatan Harapan government was only responsible for 5.3 percent of the directly awarded contracts worth RM6.6 billion revealed by Tengku Zafrul, as most of the RM6.61 billion went to legacy projects (67.7 percent) and contracts for supplies or services (26.5 percent) taken on during the Barisan Nasional administration. Read the rest of this entry »
Call for Royal Commission of Inquiry into all direct negotiation contracts in the past ten years from 2010 to 2020 covering all three Barisan Nasional, Pakatan Harapan and Perikatan Nasional governments
Posted by Kit in Financial Scandals, Good Governance on Friday, 28 August 2020
(Tatal ke bawah untuk kenyataan versi BM)
Malaysians have to thank the Finance Minister, Tengku Zafrul Abdul Aziz for highlighting the issue of direct negotiation contracts although his intention was not so noble as it was primarily a mean political power play in Parliament aimed at the Pakatan Harapan government to suggest that it was lacking in integrity in the conduct of financial affairs.
But Tengku Zafrul’s ham-fisted strategy has returned to bite him and the Perikatan Nasional government and scoring his own goal as the list of 101 projects given through direct negotiations worth RM6.61 billion released by him had become the most powerful testimony that the 22-month Pakatan Harapan government, whatever its mistakes or shortcomings, was better than both the previous Barisan Nasional government and the present “backdoor” Perikatan Nasional government.
If Tengku Zafrul is sincere, honest and upright, he would have praised the Pakatan Harapan government for saving the country RM790 million in Phase 2 of Klang Valley double-tracking project by paring the RM5.265 billion contract signed by the Barisan Nasional government a day before Parliament was dissolved in March 2018 to RM4.475 billion.
Can Tengku Zafrul give a single instance where the Perikatan Nasional government and the Finance Ministry under him had saved the country RM790 million in reviewing the contracts signed by the Pakatan Harapan government? Read the rest of this entry »
Tengku Zafrul has delivered a major blow to the Golden Jubiliee celebrations of Rukun Negara as he has become the latest recruit of the Malu Apa campaign
Posted by Kit in Financial Scandals, Parliament on Wednesday, 26 August 2020
(Tatal ke bawah untuk kenyataan versi BM)
Congrats to the Finance Minister, Tengku Zafrul Abdul Aziz, who delivered a major blow to the Golden Jubilee celebrations of Rukun Negara as he has become the latest recruit of the Malu Apa campaign.
Parliament has been reduced to a political market-place where the cheapest intrigues are played out, as on Monday, when Zafrul in response to the MP for Pontian Ahmad Maslan said that 101 projects worth RM6.61 billion had been approved through direct negotiations under the former Pakatan Harapan administration.
Barisan Nasional MPs jumped into the parliamentary fray suggesting that this was proof of impropriety and corruption – and as one government MP said: “Bagan talked about being clean, that DAP is clean. But how clean are you when you have direct negotiations?”
Former Finance Minister and DAP Secretary-General and MP for Bagan, Lim Guan Eng has challenged Tengku Zafrul to reveal details of the 101 government projects worth RM6.61 billion allegedly awarded by the Pakatan Harapan administration without open tender. Read the rest of this entry »
Many public interest issues raised by the nine audio tapes released by MACC but among the biggest is that after a week, none of the protagonists whether Najib, Rosmah, Dzulkifly or Azeez had denied their veracity or claimed they are doctored or fake
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Tuesday, 14 January 2020
Many public interest issues have been raised by the disclosure of the nine audio tapes released by the Malaysian Anti-Corruption Commission but among the biggest is that after a week, none of the protagonists, whether former Prime Minister, Datuk Seri Najib Razak, his wife Datuk Seri Rosmah Mansor, former MACC Chief Commissioner, Tan Sri Dzulkifli Ahmad or Baling MP Datuk Seri Azeez Abdul Rahim had denied their veracity or claimed that they were doctored or fake tapes.
In fact, Najib had indirectly confirmed the authenticity of the tapes when he claimed that the infamous “Can I advise you something” audio tape wasn’t “Rosmah scolding me, it was a normal chat” between husband and wife or his ridiculous claim that the tapes on his conversation with the United Arab Emirates crown prince Mohammed Zayed Al Nahyan on July 22, 2016 to intervene for his stepson Riza Shahriz Abdul Aziz proved that he had not been lying about the 1MDB scandal.
The resolution of these many public interest issues raised by the disclosure of the nine audio tapes, including the shocking disclosure of a prime minister involved in the high crime of treason participating in an obstruction of justice, is one of the greatest challenges facing Malaysia in the new year.
(Media Statement by DAP MP for Iskandar Puteri Lim Kit Siang in Gelang Patah on Tuesday, 13th January 2020)
Call on Tanjong Piai voters to snatch victory from the jaws of defeat to ensure a Pakatan Harapan win in the by-election to reject Muafakat Nasional and MCA candidate, endorse rejection of global kleptocracy and to have stamina and endurance to continue the long journey to make Malaysia a top world-class nation of integrity
Posted by Kit in Election, Facebook, Financial Scandals, Najib Razak on Wednesday, 13 November 2019
The Tanjong Piai parliamentary by-election is in fact the most despicable and unprincipled by-election campaign waged by the Muafakat Nasional, comprising firstly PAS and UMNO and now, MCA.
In the Malay areas, Malays were told that the Prime Minister Tun Dr. Mahathir Mohamad was my puppet, that the Malays and Muslims have lost their rights and position in Malaysia. But in Chinese areas, the Chinese were told that I was nothing but Mahathir’s stooge and that the Chinese had lost their rights and position in Malaysia.
In this era of social media, when lies, fake news and hate speech can be spread in a matter of seconds, both the Malay and Chinese voters would have voted against Pakatan Harapan if they do not have the time and opportunity to verify the truth or otherwise of these lies, fake news and hate speech, which include the monstrous lie that I was not born in Batu Pahat in 1941 but came to Malaysia from China in 1957 when I was 16 years old.
The Muafakat Nasional of PAS, UMNO and MCA, is not competing with Pakatan Harapan as to which coalition have the best policies to make Malaysia a successful top world-class nation of unity, justice, freedom, excellence and integrity, as all that PAS, UMNO and MCA want is to wreck and destroy the Pakatan Harapan Government, although they have nothing constructive to propose, in particular about the future of Malaysia.
For instance, does Muafakat Nasional of PAS, UMNO and MCA support the Pakatan Harapan objective to transform Malaysia from a global kleptocracy into a leading nation of integrity in the world? Read the rest of this entry »
November 11, 2019 an important date in the journey to fulfil four of the five pillar-promises of Pakatan Harapan pledge of a New Malaysia, and public support must continue until the goal of a New Malaysia is achieved
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Monday, 11 November 2019
Today, November 11, 2019 is an important date in the journey to fulfill four of the five pillar-promises of Pakatan Harapan pledge of a New Malaysia and public support must continue until the goal of a New Malaysia is achieved.
Today, the judiciary made two important decisions, viz: firstly, the Federal Court denied the application of leave to challenge the constitutionality of the existence of Chinese and Tamil primary schools; and secondly, the Kuala Lumpur High Court ordered former Prime Minister, Najib Abdul Razak to defend himself against all seven charges in relation to SRC International Sdn Bhd., placing the onus on the defence team to prove reasonable doubt in the cases established against Najib failing which the former premier would be convicted.
The four pillar-promises in the 14th General Election Pakatan Harapan Manifesto which these two judicial developments helped to advance are:
· Reduce the people’s burden;
· Institutional and political reforms, which includes transforming Malaysia from a global kleptocracy into a leading nation of integrity in the world, and the restoration of the important principles of the rule of law and an independent judiciary;
· Spur sustainable and equitable economic growth; and
· Create a Malaysia that is inclusive, moderate and respected globally.
The High Court decision today on Najib’s first of several corruption trials is an affirmation that Malaysia’s trajectory to transform itself from a global kleptocracy to a leading nation of integrity in the world is on course, although Malaysia is still a long way to achieve its goal. Read the rest of this entry »
Pakatan Harapan would have lost Tanjong Piai by-election if polling were held last week, but in second week of campaign, PH workers and supporters must claw back every possible vote to clinch victory on Nov. 16
Posted by Kit in Election, Fake News, Financial Scandals, Najib Razak on Sunday, 10 November 2019
Pakatan Harapan would have lost the Tanjong Piai parliamentary by-election if polling had been held last week.
In the Malay areas, Malays were told that the Prime Minister Tun Dr. Mahathir Mohamad was my puppet, that the Malays and Muslims have lost their rights and position in Malaysia. But in Chinese areas, the Chinese were told that I was nothing but Mahathir’s stooge and that the Chinese had lost their rights and position in Malaysia.
In this era of social media, when lies, fake news and hate speech can be spread in a matter of seconds, both the Malay and Chinese voters would be right to be very upset if they believed these lies and there is no time or opportunity to verify the truth or otherwise of these allegations.
This is in fact the most despicable and unprincipled by-election campaign waged by the Muafakat Nasional, comprising PAS and Barisan Nasional, with the MCA included in the latter.
It is clear that Muafakat Nasional, comprising PAS and Barisan Nasional, is not competing with Pakatan Harapan as to which coalition have the best policies to make Malaysia a successful top world-class nation of unity, justice, freedom, excellence and integrity, as all that PAS, UMNO and MCA want is to wreck and destroy the Pakatran Harapan Government, although they have nothing constructive to propose, in particular about the future of Malaysia.
In the past week, we have started to refute the lies, fake news and hate speech and to tell the people the truth – that there is no basis for these lies, fake news and hate speech spread by the Opposition.
Read the rest of this entry »
BOSSku has come to Tanjong Piai not to campaign for the people of Tanjong Piai but for his own agenda – to claim innocence in the 1MDB scandal and the hope to be Prime Minister again
Posted by Kit in Election, Financial Scandals, Najib Razak on Sunday, 10 November 2019
Tanjong Piai had a special guest today, BOSSku, who came without his outriders not to campaign for the people of Tanjong Piai but for his own agenda – to claim innocence in the 1MDB scandal and the hope to be Prime Minister again
Monday on November 11 will be an important date for BOSSku and Malaysia, for the Kuala Lumpur High Court will be deciding whether he walks free or will be ordered to enter his defence for seven charges of abuse of power, corruption and money-laundering involving RM42 million of funds from SRC International.
Already, many Malaysians are very upset why the former Prime Minister is still not in jail and is free to roam all over the country, but the Pakatan Harapan in our pledges in the last general election to rebuild the nation and fulfil the hopes of Malaysians committed ourselves to five pillar-promises, one of which is to carry out “institutional and political reforms”.
This means the restoration of the important principles of the rule of law and an independent judiciary.
Read the rest of this entry »
November 11 and 16 will be important dates determining whether Malaysia is inexorably set in the trajectory to become a top world-class nation of integrity or whether global kleptocracy could make a come-back in the country
Posted by Kit in Election, Financial Scandals on Saturday, 9 November 2019
Next week will be an important week for Malaysia in determining whether Malaysia is to make a complete break from the past of global kleptocracy and to become a top world-class nation of integrity.
On November 11, the Kuala Lumpur High Court will decide whether the former Prime Minister, Datuk Najib Razak walks free or will be ordered to enter his defence on seven charges of abuse of power, corruption and money-laundering involving RM42 million of funds from SRC International.
On November 16, the voters of Tanjong Piai will cast their votes in the parliamentary by-election to demonstrate whether Malaysians, regardless of race, religion or region, will continue to support the Pakatan Harapan government’s New Malaysia objective to become a top world-class nation of integrity although this mission will take more than one general election cycle of at least one decade or more to accomplish.
Recently, the global anti-corruption movement, Transparency International (TI), which releases the prestigious annual Transparency International (TI) Corruption Perception Index (CPI) ranking and score for the nations in the world since 1995, celebrated its 25th anniversary.
It came out with a list of 25 corruption scandals that “shook the world” in the past 25 years, and Malaysia made it to this infamous list because of the 1MDB scandal. Read the rest of this entry »
Call on Tanjong Piai voters to send out strong message of long-term support of Pakatan Harapan objective of New Malaysia of unity, excellence and integrity because despite the historic vote of 509 for a change of government, it is not easy to undo decades of corruption, injustices, abuses of power and wrongs in a matter of months or years
Posted by Kit in Election, Fake News, Financial Scandals on Friday, 8 November 2019
Pakatan Harapan has a very uphill battle in the Tanjong Piai parliamentary by-election on November 16, 2019.
The MCA is confident that its candidate, Datuk Seri Wee Jeck Seng can win the by-election with a majority of over 5,000 votes.
I call on the Tanjong Piai voters to send out a strong message of long-term support of the Pakatan Harapan objective to build a New Malaysia of unity, excellence and integrity because despite the historic vote of 509 in the 14th General Election 18 months ago for a change of government, it is not easy to undo decades of corruption, injustices, abuses of power and wrongs in a matter of months or years.
Although the MCA is fielding a candidate in Tanjong Piai by-election, the real battle in Tanjong Piai is between the Muafakat Nasional of UMNO and PAS on the one hand and the Pakatan Harapan on the other and the MCA candidate is only an agent of Muafakat Nasional of UMNO and PAS.
Muafakat Nasional, as stated at its ceramah on Wednesday night, wants to make use of Tanjong Piai by-election as the first step for the installation of a Muafakat Nasional government in Putrajaya latest by the 15th General Election. Read the rest of this entry »
Call on Tanjong Piai voters to prove Muafakat Nasional and Barisan Nasional wrong as 1MDB scandal is not fake news but the most shameful chapter of Malaysian history which have denied funds to the people
Posted by Kit in Election, Financial Scandals, Parliament on Tuesday, 5 November 2019
It was a marvel yesterday to see the Members of Parliament of Muafakat Nasional and Barisan Nasional, in the presence of BOSSku, the former Prime Minister, responding as a united bloc during the end of the second reading debate of the 2020 Budget in Parliament to claim that the 1MDB scandal had not been proven and therefore could not be taken as having happened.
The Tanjong Piai voters have a national duty on the by-election voting day on 16th November to prove both the Muafakat Nasional and Barisan Nasional wrong as the 1MDB scandal is not fake news but the most shameful chapter in Malaysian history which not only brought infamy, ignominy and iniquity to the nation as a global kleptocracy but denied funds which could have been spent for the benefit of the people.
It is most shocking that Muafakat Nasional and Barisan Nasional leaders could still claim that the 1MDB scandal is still unproven, although the country had to tighten its financial belt so as to pay some RM9 billion towards the 1MDB debt over the last two years, while the 1MDB debt now stands at some RM50 billion.
If Malaysia does not have to pay billions of ringgit to pay off the 1MDB debt in the past two years, as well as billions of ringgit towards 1MDB debt interest payments in the coming years, these billions of ringgit could be released to build more roads, schools and hospitals to improve the quality of life of all Malaysians.
The united stance of the Muafakat Nasional and Barisan Nasional MPs yesterday continuing to deny that the 1MDB scandal is unproven is all the more shocking as it flies in the face of the truth, both nationally and internationally. Read the rest of this entry »
Another Malaysian first in the world but which Malaysians have nothing to be proud about
Posted by Kit in Corruption, Financial Scandals on Friday, 1 November 2019
Malaysia has achieved another first in the world but it is something which Malaysians have nothing to be proud about.
Two days ago, Malaysian ‘billionaire’ and fugitive financier from justice, Jho Low reached a settlement deal with the United States Department of Justice and agreed to surrender US$1billion in funds he and his family had misappropriated from Malaysian investment fund 1MDB.
As Jho Low himself said his personal blog page:
“I am very pleased to confirm that a landmark comprehensive, global settlement has been reached with the United States government, which fully and forever resolves in their entirety each of the U.S. government’s civil, criminal, and administrative actions or proceedings relating to the defendant assets at issue in the Central District of California.
“The historic agreement builds on a series of successful prior agreements negotiated with the U.S. Department of Justice and is the result of good faith discussions between the parties.
“Importantly, the agreement does not constitute an admission of guilt, liability or any form of wrongdoing by me or the asset owners. We believe all parties consider this resolution, which is subject to final court approval, to be a successful and satisfactory result.”
Jho Low is not only the first Malaysian, but the only person, in the world who could surrender US$1 billion in funds, although his action “does not constitute an admission of guilt, liability or any form of wrongdoing by me or the asset owners”.
But this is not an action which any Malaysian can feel proud. Read the rest of this entry »
Desperation has caused UMNO-PAS conspirators to change tactics – abandon the “no confidence motion” strategy and change tack to try to cause downfall of Pakatan Harapan government by targeting DAP and AMANAH
Posted by Kit in DAP, Fake News, Financial Scandals on Monday, 21 October 2019
Desperation has caused the UMNO-PAS conspirators to change tactics – abandon the “no confidence motion” strategy and to try to cause the downfall of Pakatan Harapan government by targeting DAP and AMANAH.
This is why unlike the previous parliamentary meetings, there was no speculation before the present Budget parliamentary meeting to float the possibility that there would be a “no confidence motion” to remove Tun Dr. Mahathir Mohamad as Prime Minister.
The “no confidence motion” line was earlier decided as the strategy to destabilise and topple the Pakatan Harapan government after the historic decision of a democratic and peaceful transition of power on 9th May 2018 where contrary to pre-election UMNO propaganda and warning, I was not only not the Prime Minister, I did not play any official government role and was not even in the Cabinet.
The earlier strategy to plot for a new combination and permutation of parliamentary numbers to secure sufficient parliamentary support to carry out a “no confidence motion” against Mahathir as the Prime Minister, or at least the fevered speculation that this was afoot, did not materialise and was quite an abject failure. Read the rest of this entry »
The day I feel most ashamed as a Malaysian – to find a Malaysian listed internationally among the world’s top kleptocrats who may even be the world’s No. 1 Kleptocrat
Posted by Kit in Financial Scandals, Najib Razak on Thursday, 3 October 2019
Today is the day I feel most ashamed as a Malaysian – to find a Malaysian listed internationally among the world’s top kleptocrats who may even be the world’s No. 1 Kleptocrat!
After viewing again the documentary “The Kleptocrats” which tells “the wild story of the world’s biggest white-collar heist” which followed reporters and law enforcement agents as they track “an audacious scam – one that involves embezzlement, corruption, film stars, politicians and crooks”, I browsed the Internet on sites on kleptocracy and corruption.
As Nazir Razak recounted in the documentary ”The Kleptocrats” that he fell off the chair one morning in July 2015 when he was holidaying and having breakfast in a Los Angeles hotel and picked up a copy of Wall Street Journal which exposed the RM2.6 billion deposit in Najib Razak’s personal banking accounts, I almost fell off the chair when I read the Wikipedia page on “kleptocracy”, where Najib was listed among the world’s 11 top kleptocrats, and may even be the world’s No. 1 Kleptocrat when all the facts and truth about the 1MDB scandal and all the other scandals in his regime are revealed.
According to Wikipedia, which is used by netizens worldwide, Najb is in the company of the 10 leading kleptocrats of the last three decades compiled by Transparency International in 2004, viz: former Indonesian President Suharto, former Philippines President Ferdinand Marcos, Former Zairian President Mobutu Sese Seko, Former Nigerian head of state Sani Abacha, former Yugoslav President Slobodan Milosevic, Former Haitian President, Jean-Claude Duvalier, former Ukranian Prime Minister Paylo Lazarenko, former Nicaraguan President Arnold Aleman and former Philippines President Joseph Estrada. Read the rest of this entry »
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 »
Another must-see film for Malaysians – “The Kleptocrats’: sombre reminder that May 9, 2018 saved Malaysia from becoming Venezuela of South-east Asia
Posted by Kit in Financial Scandals, nation building, PH Government on Monday, 30 September 2019
Two films every Malaysian should see are “M for Malaysia” and “The Kleptocrats -Billion Dollar Whale” to learn or to be reminded of the existential threat Malaysia faced during the 14th General Election.
If there had been no historic and miraculous change of government on May 9, 2018, Malaysia would have continued in the trajectory pursued for close to a decade to become a failed, rogue and kleptocratic state, and no power on earth could have saved future generations of Malaysians, regardless of race or religion, from the status of serfs in having to repay the tens and hundreds of billions of debt conceived and implemented by “maestros” of unimaginable scams and money-laundering schemes to exploit the loopholes of the international banking and financial system.
If there had been no change of government, the re-elected Prime Minister would have made Malaysia the Venezuela of South-east Asia and the Sick Man of Asia.
Venezuela is in the thick of a terrible political, socio-economic and humanitarian crisis. Once one of the 20 richest countries in the world and the richest in Latin America with free education and free medical services for her citizens, it is now poor, backward, broken and bankrupt state, with over 10 per cent of Venezuelans (3.4 million) having left the country in despair.
The humanitarian crisis in Venezuela has affected the life of the average Venezuelan on all levels. By 2017, hunger had escalated to the point where almost seventy-five percent of the population had lost an average of over 8 kg (over 19 lbs) in weight, and more than half did not have enough income to meet their basic food needs. Read the rest of this entry »
-
You are currently browsing the archives for the Financial Scandals category.
-
