Archive for category Financial Scandals
Kit Siang supports filing of a motion to review the Speaker’s rejection of questions and motions concerning 1MDB scandal
Posted by Kit in Financial Scandals, Parliament on Thursday, 15 March 2018
I support the filing of motion in Parliament to review the Speaker’s rejection of questions and motions concerning the 1MDB scandal.
Three DAP MPs, Nga Kor Ming (Taiping), Ngeh Koo Ham (Beruas) and V. Sivakumar (Batu Gajah) have received an ultimatum from the Speaker, Tan Sri Pandikar Amin Mulia, demanding that they make an open apology to him for their remarks about the Speaker’s rejection of an emergency motion on the seizure of the luxury superyacht Equanimity of Jho Low and questions related to the 1MDB scandal or face “stern action”.
Under what section of the Dewan Rakyat Standing Orders does it give the Speaker the powers to unilaterally decide what is said outside Parliament constituted contempt of the Speaker and empower the Speaker to impose punishments?
The Speaker was ill-advised to send such ultimatum to the three DAP MPs demanding public apology or to face “stern action”.
The Speaker should consult with Parliamentarians from both sides of the divide on matters affecting Parliament and not just consult with the Minister in the Prime Minister’s Department in charge of parliamentary affairs.
I am prepared to stand corrected, but Pandikar has clearly exceeded his powers in writing such an ultimatum to the three DAP MPs for their remarks outside parliamentary proceedings.
(Media Statement in Parliament on Thursday, 15th March 2018)
Malaysians must have a Parliament which they can feel proud – a Parliament which understands the Malaysian Dream of all Malaysians and not one which is like the traditional three moneys, eyes that see not, ears that hear not and mouth that speaks not
Posted by Kit in Financial Scandals, nation building, Parliament on Thursday, 15 March 2018
Last night was the launch of the book by the DAP Selangor State Assemblywoman for Damansara Utama Yeo Bee Yin, the youngest member of the Selangor State Assembly, “Reimagining Malaysia”.
A small-town girl from Batu Anam, Segamat who have become an engineer after being recipient of the Gates Cambridge University Scholarship, Bee Yin tells in the book the story of her personal journey, her hopes and dreams for the country.
As I said in the foreword to the book, I believe most Malaysians have a dream to want to make Malaysia a better country for the people and themselves, which is shunted aside or snuffed out altogether by the exigencies of life, including parental expectations and pressures.
We must find ways to respond to these inner voices and give them room for expression.
Recently, it was reported that low wages and a lack of jobs have forced about 5,000 Malaysians to work and live illegally in South Korea, suffering human rights abuses and even denial of wages, many left to fend for themselves after suffering workplace accidents and getting fired.
Apart from the question as to what the Malaysian Embassy in Seoul is doing to look after the interests of these 5,000 illegal Malaysians in South Korea, the question we must ask is why these 5,000 Malaysians have gone to South Korea? Read the rest of this entry »
Is Malaysia destined for “greatness” under Najib’s premiership – to be regarded worldwide as a global double kleptocracy?
Posted by Kit in Corruption, Fake News, Financial Scandals, Najib Razak on Wednesday, 14 March 2018
Is Malaysia destined for “greatness” under the Prime Minister, Datuk Seri Najib Razak, to be regarded worldwide as a global double kleptocracy?
Yesterday, the DAP MP for Taiping, Nga Kor Ming, offered Najib free legal services to sue international news weekly, the Economist, for its 8th March, 2018 article: “Stop, thief! Malaysia’s PM is about to steal an election”.
I fully endorse this offer of free legal services from DAP, and Najib can choose anyone of the following nine DAP lawyer-MPs to defend his reputation and that of the nation – Gobind Singh Deo (Puchong), Nga Kor Ming (Taiping), Ngeh Koo Ham (Beruas), M. Kulasegaran (Ipoh Barat), Lim Lip Eng (Segambut), Thomas Su (Ipoh Timur), Teo Nie Ching (Kulai), Ramkarpal Singh (Bukit Gelugor), Chong Chieng Jen (Bandar Kuching).
But it is almost a full week, and there has been thunderous silence from Najib, with no response whatsoever from Najib on the Economist’s article calling him a thief who is to steal the 14th General Election – or the MSNBC television host Rachel Maddow who called Najib a thief in the Rachel Maddow Show programme on March 9 because of the international multi-billion 1MDB money-laundering scandal.
Is Malaysia set under Najib as Prime Minister to be known worldwide not only as a global kleptocracy, but a global double kleptocracy? Read the rest of this entry »
Why is Najib keeping silent and not instituting defamation proceedings although he had been publicly called a “thief” by two international media, the Economist and MSNBC, within two days?
Posted by Kit in Financial Scandals, Najib Razak on Tuesday, 13 March 2018
In the first time in 61 years of the nation’s history, the Prime Minister of the country has been publicly been called a “thief”, not once, but twice within two days, by two international media organisations on completely different issues.
One was the international weekly magazine, the Economist which on 8th March, 2018, carried an article titled “Stop, thief! Malaysia’s PM is about to steal an election”.
The report alleged that Datuk Seri Najib Razak feared that most voters would not vote BN to power again if given a choice, and is “taking their choice away” by means of gerrymandering and malapportionment, among other tactics.
It cited the 1MDB scandal, in which US authorities say billions of ringgit have been misused, as the main point of argument. Read the rest of this entry »
Challenge to IGP Fuzi to quote chapter and verse from the PAC Report on 1MDB which states that there is ‘nothing to link Jho Low with 1MDB” or that Najib had not committed any crime in the 1MDB scandal!
Posted by Kit in Financial Scandals, Police on Monday, 12 March 2018
For the past five days, informed and concerned Malaysians must have felt very uneasy and uncomfortable, as if a bone is stuck in the throat, with the Inspector-General of Police, Tan Sri Mohamad Fuzi Harun’s ridiculous statement that there is “nothing to link Jho Low with 1MDB”?
I challenge Fuzi to quote chapter and verse from the Public Accounts Committee (PAC) Report on 1MDB, submitted to Parliament in April 2016 which states that there is “nothing to link Jho Low with 1MDB” or that Najib had not committed any crime in the 1MDB scandal.
This is because Fuzi had used the PAC report to reinforce his contention that there is nothing to link Jho Low with 1MDB” and the PAC Report has been used by those in power to cover a multitude of sins in the world’s worst kleptoracy, claiming that the Prime Minister, Datuk Seri Najib Razak had not commited any crime in the 1MDB scandal.
I stand corrected, but as far as I can remember, there is no mention of Jho Low whatsoever in the PAC Report. Just compare the PAC Report with the 251-page 958-paragraph United States Department of Justice’s (DoJ) kleptocratic litigation under the US Kleptocratic Assets Recovery Initiative 2000 on the US4.5 billion 1MDB funds stolen and money-laundered in various countries, including the United States, United Kingdom, Switzerland and Singapore, which is studded with references to Jho Low all over the litigation.
Such a comparison will highlight why the PAC Report is a faulty document. The whole world knows about the linkage between Jho Loh and 1MDB – in fact we can state without fear of contradiction that without Jho Loh, there would be no 1MDB. Read the rest of this entry »
I have emailed Swiss MPs asking them to support the motion in Swiss Parliament to repatriate RM430 million 1MDB-related funds confiscated from Swiss banks because of corruption to Malaysia to benefit Malaysians harmed by the 1MDB scandal
Posted by Kit in Financial Scandals, Parliament on Sunday, 11 March 2018
I have emailed Swiss Members of Parliament asking them to support the motion in Swiss Parliament to repatriate RM430 million 1MDB-related funds confiscated from Swiss banks because of money-laundering and other corrupt practices to Malaysia so as to benefit Malaysians harmed by the international mega 1MDB financial scandal.
The Swiss Parliament is to debate a motion on Tuesday calling for the repatriation of confiscated corruption funds, including the CHF104 million (RM430 million) allegedly stolen and money-laundered from 1Malaysia Development Berhad (1MDB).
Lawmakers at the national council, the lower house of the Swiss federal assembly, are expected to vote on the matter on Thursday. Read the rest of this entry »
IGP Fuzi had done in six months what his predecessor Khalid Abu Bakar dared not do in five years as IGP – exonerating Jho Low in the 1MDB scandal
Posted by Kit in Financial Scandals, Police on Sunday, 11 March 2018
The Inspector-General of Police Tan Sri Mohamad Fuzi Harun has done in six months as the top cop in the country what his predecessor Tan Sri Khalid Abu Bakar had not done in his five years as IGP – exonerating Jho Low in the 1MDB sc scandal.
Why Khalid dare not say in his five years from 2012-2017 as IGP (during the “happening” years of 1MDB scandal) what Fuzi said last Wednesday that there is “nothing to link Joh Low with 1MDB”?
Does Fuzi needs a re-education on the 1MDB scandal and Jho Low’s role in it, which has resulted in 3Is for Malaysia – infamy, ignominy and iniquity as a global kleptocracy? Read the rest of this entry »
Why did IGP go out of a limb to make the ridiculous statement that there is “nothing to link Jho Low with 1MDB”?
Posted by Kit in Financial Scandals, Police on Saturday, 10 March 2018
For the past three days, informed and concerned Malaysians must have felt very uneasy and uncomfortable, as if a bone is stuck in the throat, asking why the Inspector-General of Police, Tan Sri Mohamad Fuzi Harun, had gone out of a limb to make the ridiculous statement that there is “nothing to link Jho Low with 1MDB”?
The whole world knows that if there is no Jho Low, there is no 1MDB.
How had the Malaysian Police, which had quite an international reputation for its professionalism, sunk so low as to come to such a conclusion which has made the Malaysian police the laughing stock of its police peers in the world and the butt of jokes of the international community? Read the rest of this entry »
Ministers who agree with Nazri and find it easy to defend Najib on the 1MDB scandal because Najib is innocent of all allegations made against him please put up your hand!
Posted by Kit in Corruption, Financial Scandals on Friday, 9 March 2018
The Minister for Tourism and Culture, Datuk Seri Nazri Aziz is the latest addition to the Prime Minister Datuk Seri Najib Razak’s growing band of 1MDB court jesters.
Nazri made quite a fantastic statement in his exclusive interview with Malaysiakini, declaring that it is not difficult to defend his “boss”, as Najib is innocent of all the allegations against him with regard to the 1MDB scandal.
I get the impression that Nazri is the only Minister who feels that it is easy to defend the Prime Minister over the 1MDB scandal on the ground the Najib is innocent of all the allegations against him.
We have had a Minister, one who had been named Cabinet spokesman for 1MDB in 2015, who fell ill because of the mental agony he had to go through to defend the 1MDB scandal. Read the rest of this entry »
1MDB scandal should be on agenda of ASEAN Summit in Sydney next weekend to discuss how 30 million Malaysians could get justice from the world’s worst kleptocracy
Posted by Kit in Corruption, Financial Scandals on Friday, 9 March 2018
Yesterday, the world learn about the banker son of Australian Prime Minister Malcolm Turnbull, Alex, becoming one of scores of international victims of 1MDB scandal.
But even more important than the international victims of the 1MDB scandal, which are not confined to individuals but also banks and financial companies – are the 30 million Malaysians who are directly the victims of the 1MDB scandal.
What is being done to give justice to the 30 million Malaysians?
Alex was sidelined from his executive position at Goldman Sachs after acting as a whistle-blower on allegedly shady deals involving billions between the global investment bank and the Malaysian state investor, 1MDB.
In 2012 and 2013, while Alex was working at Goldman Sachs in Singapore, the bank raised US$6 billion (RM24 billion) in bonds for 1MDB, in deals organised by senior banker Tim Leissner.
The bank earned US$590 million in fees and commissions from the 1MDB deal. Read the rest of this entry »
IGP Fuzi has made Malaysia the laughing stock of his peers in the world and Malaysia an international laughing stock with his statement last night “nothing to link Jho Low with 1MDB”
Posted by Kit in Financial Scandals, Police on Thursday, 8 March 2018
Is it possible for a top public servant to destroy his public standing and repute, even his professionalism, with one act or statement?
Yes, and the Inspector-General of Police, Tan Sri Mohamad Fuzi Harun, has furnished such an example with his statement last night that “nothing to link Jho Low with IMDB”, which made him the laughing stock of his police peers in the world and Malaysia the laughing stock of the international community. Read the rest of this entry »
Why are Malaysian government leaders, including a Minister, a Deputy Minister and a MP rushing to defend Jho Low and his billion-ringgit superyacht seized in Indonesia last Wednesday when the international noose around the neck of 1MDB scandal getting tighter?
Posted by Kit in Financial Scandals on Wednesday, 7 March 2018
Six days ago, the Wall Street Journal reported that a top Republican fundraiser close to President Donald Trump had asked as much as US$75 million (RM295 million) from Jho Low to get the United States Department of Justice (DoJ) to stop investigating the 1Malaysia Development Berhad (1MDB) scandal.
The US business daily broke the news by reviewing a cache of emails from Elliott Broidy, a venture capitalist and a long-time Republican donor, and his wife, Robin Rosenzweig, a lawyer.
“The messages include draft agreements between Ms Rosenzweig’s California law firm and representatives of Mr Low about the possible terms of their business engagement. In one draft, there is a proposal that includes a US$75 million fee if the Justice Department quickly drops its investigation,” the daily said in an online report.
Yesterday, we learnt that Red Granite Pictures, the company that which produced “The Wolf of Wall Street”, had agreed to pay US$60mil (RM234mil) to the US government in order to resolve allegations that it profited from the 1MDB scandal. Read the rest of this entry »
Malaysian Parliament confirmed as Parliament of a global kleptocracy as Parliament not prepared to do anything to challenge, purge and cleanse Malaysia of the ignominy, infamy and iniquity of a global kleptocracy
Posted by Kit in Corruption, Financial Scandals, Parliament on Wednesday, 7 March 2018
The first working sitting of the sixth meeting of the 13th Parliament has confirmed that the Malaysian Parliament has become a Parliament of a global kleptocracy as Parliament is not prepared to do anything to challenge, purge and cleanse Malaysia of the ignominy, infamy and iniquity of a global kleptocracy for over three years.
Coming at a time when the 1MDB scandal had been delivering bad news by the lorrylooads to Malaysia’s repute and standing, the failure of the Malaysian Parliament to protect the reputation of Malaysia and rebut without equivocation the epithet of Malaysia as a global kleptocracy will go down in history as the most shameful episode of Malaysian Parliament since Merdeka in 1957. Read the rest of this entry »
Not a word on Malaysia’s lowest TI CPI ranking or Malaysia’s ignominy as global kleptocracy because of 1MDB scandal in Najib government’s latest policy speech shows that UMNO/BN has lost its moral compass and forfeited its political legitimacy and credibility
Posted by Kit in Financial Scandals, nation building, Parliament on Tuesday, 6 March 2018
The speech by the Yang di Pertuan Agong in opening the sixth meeting of the 13th Parliament yesterday is supposed to be the Najib administration’s latest policy speech on its policy measures and specifics in the pipeline in the next 12 months.
But the second Najib administration has less than five months to go, and in fact, the 14th General Elections is expected in 70 days before mid-May, before the Pakatan Harapan’s eighth Malaysian Prime Minister-designate, Datuk Seri Anwar Ibrahim, is released from Sungai Buloh prison in early June – showing how frightened Najib is of Anwar!
The question teasing the media and all MPs is whether the present month-long parliamentary meeting starting yesterday on March 5 would be allowed to complete its month-long meeting ending on April 5 or whether it would be dissolved mid-way after the Elections Commission had rushed its report and proposals on the redelineation of parliamentary constituencies to the Prime Minister for adoption by Parliament.
This “hide-and-seek” game as to when Parliament would be dissolved, and whether the present month-long parliamentary meeting would be truncated half-way and Parliament dissolved for the holding of 14GE, is unworthy of a Prime Minister who is confident of support from the people and understand the true meaning of parliamentary democracy. Read the rest of this entry »
Najib should end his “smoke and mirrors” game and announce formation of Royal Commission of Inquiry into the 1MDB scandal chaired by Tun Mahathir in King’s policy speech at the official opening of Parliament tomorrow
Posted by Kit in Corruption, Financial Scandals on Sunday, 4 March 2018
The Prime Minister, Datuk Seri Najib Razak, should end his “smoke and mirrors” game in the past few years, undermining the doctrine of separation of powers of the Executive, Parliament and the Judiciary, and announce in the King’s government policy speech at the official opening of Parliament tomorrow the formation of a Royal Commission of Inquiry into the 1MDB scandal which had given Malaysia the ignominy, infamy and iniquity of a global kleptoracy.
And to demonstrate to Malaysians and the world that the Malaysian Prime Minister has nothing to hide, that he is aboveboard and beyond reproach in the morass of 1MDB international money-laundering scandal, which had been described by the US Attorney-General as the world’s “worst kleptocracy”, and that he is open to investiglation by anyone, let him announce that the RCI into the 1MDB scandal would be headed by his new nemesis Tun Mahathir, and comprising Commissioners half of which would be nominated by Pakatan Harapan. Read the rest of this entry »
1MDB literally “raining cats and dogs” worldwide for Najib
Posted by Kit in Corruption, Financial Scandals on Saturday, 3 March 2018
The international multi-billion dollar 1MDB money-laundering scandal has literally been “raining cats and dogs” worldwide for the Malaysian Prime Minister, Datuk Seri Najib Razak and the Malaysian government since the seizure of the Bombadier jet in Singapore early February culminating in the seizure of Equanimity luxury super-yacht in Indonesia and in a CNBC special programme on “What happened to Malaysia’s 1MDB money” in the United States on March 1.
Najib must be very disappointed that he could not dictate international developments and world media coverage of the 1MDB scandal that he seemed able to do within the four corners of Malaysia, like the blacking out of news about the seizure of the billion-ringgit luxury superyacht in Bali by the Indonesian authorities. Read the rest of this entry »
Najib government has finally come out of the cold, openly claiming that the 1MDB scandal is “fake news”, even embracing Jho Loh becoming his defender and apologist
Posted by Kit in Fake News, Financial Scandals on Friday, 2 March 2018
The Najib government has finally come out of the cold, openly claiming that the international multi-billion dollar 1MDB money-laundering scandal is “fake news”, even embracing 1MDB mastermind Jho Low becoming his defender and apologist.
The Minister for Multimedia and Communications, Datuk Seri Salleh Said Keruak has out-Jho Loh even Jho Loh himself in asserting that there is no proof that the billion-ringgit Equanimity luxury yacht seized by the Indonesian authorities in Bali on Wednesday belonged to Jho Low.
This is because Jho Low had as good as admitted to the ownership of Equanimity yacht when in his reaction to the yacht’s seizure by the Indonesian authorities in Wednesday, the 1MDB mastermind accused the United States Department of Justice (DoJ) of “global overreach”.’
Through his spokesperson, Jho Low said:
“The US Department of Justice has stayed asset forfeiture proceedings in this case and has still not taken any steps to prove that any impropriety has occurred.
“It is therefore disappointing that, rather than reflecting on the deeply flawed and politically-motivated allegations, the DOJ is continuing with its pattern of global overreach – all based on entirely unsupported claims of wrongdoing.”
The superyacht, reportedly worth US$250 million (RM1 billion), is among several assets being sought by the DOJ for allegedly being acquired using funds it says were misappropriated from Malaysian state fund 1MDB.
The DOJ believes that at least US$4.5 billion has been misappropriated from 1MDB by Malaysian government officials among others and is looking to recover around US$1.7 billion of in assets allegedly acquired using these stolen funds.
The DOJ’s involvement was in response to the funds being laundered through the US financial system.
The DOJ has temporarily filed for a stay on the forfeiture of these assets, which is through a civil suit, pending a parallel criminal case.
Salleh said the furore raised over the seizure of the yacht is yet another failed attempt by the Opposition to mislead Malaysians using fake news’.
Salleh also said there was also no proof that funds from 1Malaysia Development Bhd were used to purchase the RM1 billion vessel, the Equanimity.
He said the source of the allegations was the DoJ civil suit, which had been on hold since last August.
Salleh said: “Until today, apart from bare allegations contained in the suit, the DoJ has not shown any tangible proof that Low is the actual owner of the yacht or that it was purchased with funds from 1MDB.
“Furthermore, the DoJ has yet to prove any of its allegations in a court of law, despite nearly two years passing since its sensationalised press conference of July 2016.”
Salleh’s statement is virtually a mea culpa by the Najib administration on the 1MDB scandal, and reveals the real character of the Azalina Committee on Fake News as no more than Azalina Committee to Suppress the 1MDB Scandal as Fake News.
(Media Statement in Gelang Patah on Friday, March 2, 2018)
In blacking out the seizure of the Equanimity luxury yacht in Bali yesterday, UMNO/BN printed media proven they are not newspapers but fake papers
Posted by Kit in Financial Scandals, MCA on Thursday, 1 March 2018
MCA Youth chief Chong Sin Woon is catching up on the MCA Chief Liow Tiong Lai in being quite adept in “fire cannons after the cavalry have passed by”, and this is what both are competing to do after the four-day gratuitous, baseless, malicious and savage UMNO attacks on tycoon Robert Kuok, although he is a success story for Malaysia and an inspiration for entrepreneurs.
It would be more useful for Liow to revisit his “Citizens” National Day Video and tell Malaysians whether its all just pure humbug and hypocrisy. Read the rest of this entry »
Call on all MPs to demand in the policy debate next week that the Malaysian Government should lay a strong claim on behalf of Malaysian people to the RM400 million 1MDB-related funds in Swiss banks and the billion-ringgit Equanimity Luxury Yacht seized by Indonesia, the RM120 million Bombardier Jet seized by Singapore and the RM120 million pink diamond necklace as they are all purchased from 1MDB-linked funds
Posted by Kit in Corruption, Financial Scandals on Thursday, 1 March 2018
I call on all MPs, whether Barisan Nasional or Pakatan Harapan, should take an united common stand in the policy debate in the Motion of Thanks for the Yang di Pertuan Agong for this policy address to demand that the Malaysian Government should lay a strong claim on behalf of the Malaysian people to the RM400 million 1MDB-related funds in Swiss banks as well as the billion-ringgit Equanimity luxury yacht seized by the Indonesian authorities yesterday, the RM120 million Bombadier jet seized by the Singapore authorities in early February and the RM120 million pink diamond necklace as they were all purchased from 1MDB-linked funds.
We are living in the era of fake news, alternative facts and post-truths where the Malaysian Government under the Prime Minister, Datuk Seri Najib Razak is doing its utmost to convince Malaysians that the 1MDB scandal, openly described by the US Attorney-General Jeff Sessions as the world’s worst kleptocracy, does not exist and is nothing but “fake news”.
This is the reason for the Malaysian government’s inaction over the RM400 million in 1MDB-related funds seized by the Swiss government, with the Swiss press reporting that the Swiss government is looking to pocket CHF95 million (RM400 million) from 1MDB-linked funds from several banks in Switzerland.
This is also the reason for the extraordinary reaction of the Attorney-General, Tan Sri Mohamad Apandi Ali, who said that the government would not claim 1MDB mastermind Jho Low’s luxury yacht that was seized by Indonesian authorities in a joint effort with US Federal Bureau of Investigation yesterday. Read the rest of this entry »
Najib did himself a great disservice and dishonor in canvassing a ludicrous and half-baked political theory about two scenarios if Pakatan Harapan wins in 14GE when in the last 48 hours he strenuously avoided the one subject all Malaysians were waiting to hear from him
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Saturday, 24 February 2018
The Prime Minister, Datuk Seri Najib Razak, has done himself a great disservice and dishonor in canvassing a ludicrous and half-baked political theory about two scenarios if Pakatan Harapan wins in 14GE when in the last 48 hours, he had been strenuously avoiding the one subject all Malaysians were waiting to hear from him.
I describe Najib’s “two scenarios if Pakatan Harapan wins” as ludicrous and half-baked because both these scenarios will not eventuate.
Read the rest of this entry »
-
You are currently browsing the archives for the Financial Scandals category.
