Archive for category Financial Scandals
Parliament next month must address the nation’s infamy and ignominy as a “global kleptocracy” and cannot continue to pretend that the 1MDB scandal does not exist
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Monday, 19 February 2018
Parliament next month must address the nation’s infamy and ignominy as a “global kleptocracy” as Members of Parliament, regardless of political party, cannot continue to pretend that the 1MDB scandal does not exist.
Parliament is entitled to a full explanation from the Prime Minister, Datuk Seri Najib Razak, as to why the Malaysian Anti-Corruption Commission (MACC) has fallen from his predecessor Tun Abdullah Badawi’s promise that it will be Malaysia’s ICAC (Hong Kong’s Independent Commission Against Corruption) as it has instead become a new laughing stock of the world as a blatant political pawn to harass the Prime Minister’s critics and opponents. Read the rest of this entry »
Only a change of Federal Government in Putrajaya can Malaysia stop the tide of corruption in Malaysia
Posted by Kit in Corruption, Financial Scandals on Sunday, 18 February 2018
In South Africa, 56 million people in the world’s 24th most populous nation are waiting for a new dawn after the forced resignation of Jacob Zuma as South African President after a tenure marked by corruption scandals.
The new President, Cyril Ramaphosa in his first state of the nation address on Friday, said it’s time for South Africans to put discord behind them and that the country will “turn the tide” on corruption in state institutions.
Time will tell whether Ramaphosa can fulfil his promise to end systematic corruption, the alarming economic decline and a steady descent into deep state dysfunction and demonstrate South Africa’s legendary capacity to pull off a comeback at five minutes to midnight. Read the rest of this entry »
When would a Malaysian woman do Malaysia proud, in the way that Indonesian Finance Minister Sri Mulyani Indrawati has done Indonesia proud in receiving the Best Minister Award at World Government Summit on Sunday?
Posted by Kit in Financial Scandals, women on Saturday, 17 February 2018
When would a Malaysian woman do Malaysia proud, in the way that Indonesian Finance Minister Sri Mulyani Indfrawati has done Indonesia proud in receiving the Best Minister Award at the World Government Summit in Dubai on Sunday.
Sri Mulyani was credited with achieving “tangible results in reducing poverty, improving the standard of living, reducing public debt and boosting the transparency of public institutions” as Indonesia’s Finance Minister since 2016 under President Joko “Jokowi” Widodo.
She was also recognised for her efforts to “fight corruption and increase transparency in government.” Read the rest of this entry »
Challenge to Najib to issue White Paper to enumerate the 1MDB allegations which PAC, Police, MACC and Bank Negara had cleared him!
Posted by Kit in Corruption, Financial Scandals on Thursday, 15 February 2018
It is not just AMANAH Youth Deputy Chief Faiz Faisal who is shocked by the Court of Appeal decision that it has taken judicial notice that the Prime Minister, Datuk Seri Najib Razak, had been cleared by the Public Accounts Committee (PAC), police, MACC and Bank Negara with regard to allegations on the 1MDB scandal.
All right-thinking and fair-minded Malaysians are also shocked, particularly by the claim that the PAC, the Police, the MACC and Bank Negara have cleared Najib of the allegations on the 1MDB scandal.
As a Member of Parliament, I am utterly shocked by such a “judicial notice”. How can the courts give “judicial notice” to things that don’t exist? Read the rest of this entry »
A Pakatan Harapan victory in the 14th General Election will open wide the mystery of the 1MDB scandal which Najib had been trying his utmost to dismiss as non-existent and a fake news
Posted by Kit in Financial Scandals, Najib Razak on Saturday, 10 February 2018
The Pakatan Harapan victory in the 14th General Election expected to be held in 90 days will launch Malaysia into new waters, one of which will be to open wide the mystery of the 1MDB scandal which the Prime Minister, Datuk Seri Najib Razak had trying his utmost as the top government leader to dismiss as non-existent and a fake news.
Many countries in the world have been investigating the 1MDB scandal and several people implicated in the international multi-billion dollar 1MDB money-laundering scandal had been convicted and even jailed as in Singapore; several banks and finance companies including quite prestigious and long-standing financial institutions had been closed down or heavily fined as in Singapore and Switzerland; and worst of all, the largest kleptocratic forfeiture litigation amounting to nearly US$2 billion had been launched by the United States Department of Justice (DoJ), described as the “world’s worst kleptocracy” by the United States Attorney-General Jeff Sessions, resulting in Malaysia pelted with the ignominy and infamy of being regarded worldwide as a global kleptocracy. Read the rest of this entry »
If Najib is genuine in wanting a progressive Malaysia, then he should do two things immediately: ensure Rafizi does not go to jail or disqualified as MP for doing a national service in exposing the RM250 million NFC scandal and cleanse Malaysia of international obloquy of a global kleptocracy
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Friday, 9 February 2018
If the Prime Minister, Datuk Seri Najib Razak is genuine in wanting a progressive Malaysia, then let him do two things immediately:
(i) Ensure that PKR Vice President and MP for Pandan Rafizi Ramli is not jailed or disqualified as a Member of Parliament for doing a national service for exposing the RM250 million National Feedlot Corportion (NFC) scandal; and
(ii) Cleanse Malaysia of the international obloquy of being a global kleptocracy in the past three years, and clean up the Augean stable of corruption affecting Felda, MARA, Tabung Haji and other government outfits.
In his pre-election visit to northern Johore today, Najib
reminded the people, particularly Felda settlers, to always embrace the BN and Umno struggle to ensure that the country remained progressive.
My first reaction was whether Najib was joking, as under Najib Malaysia had gone backwards and become very regressive, whether political, economic, educational, social or nation-building, and not moved forward to become more progressive, open-minded and accountable.
This is why the international multi-billion dollar 1MDB money-laundering scandal has become “fake news” to Putrajaya and swept under the humongous “carpet” in Malaysia.
Najib has achieved what five former Prime Ministers in more than half a century had failed to do – made the stratospheric ascent to become known as a global kleptocracy, with all the infamy and ignominy of the appellation.
This is very sad, as yesterday as the birthday anniversary of Bapa Malaysia, Tunku Abdul Rahman who, like Datuk Onn, Tun Razak, Tun Hussein, Tun Mahathir and I believe Tun Abdullah, would never have conceived that Malaysia would suffer the shame and humiliation of being regarded worldwide as a global kleptocracy.
Furthermore, never before in Malaysian history have so many people’s representatives whether Members of Parliament or State Assembly members been harassed and hounded, including being selectively prosecuted in the courts under the variety of repressive and undemocratic laws to take away their liberties as well as to remove them from the legislative chambers in the land.
Even 93-year-old Tun Siti Hasmah, wife of former premier Tun Mahathir, was not spared.
I fully agree with Datuk Seri Anwar Ibrahim that the sentencing of Rafizi Ramli to 30 months’ jail for blowing the whistle on the NFC scandal shows the country needs to change its leadership, as the present nation-building trajectory can only lead to a regressive, failed and rogue state and not a progressive, prosperous and united Malaysia.
(Media Statement in Gelang Patah on Friday, 9th February 2018)
Another sign of Malaysia becoming a failed state – Razaleigh says “our civil servants can’t even write a simple letter”
Posted by Kit in Education, English, Financial Scandals on Saturday, 3 February 2018
Yesterday, the Prime Minister Datuk Seri Najib Razak said that a former UMNO leader who claimed Malaysians are embarrassed by their nationality should be cast into the ocean.
Najib cannot be more wrong.
Is Najib saying that Malaysians should preen with pride when they are overseas and berated for being Malaysians as the country has ascended the stratospheric but exclusive club of “global kleptocracy” –castigated by the US Attorney-General Jeff Sessions at a recent international conference as practising “kleptocracy at its worst” in the case of the international multi-billion 1MDB money-laundering scandal? Read the rest of this entry »
Is “MO1” fake news?
Posted by Kit in Fake News, Financial Scandals, Najib Razak on Saturday, 3 February 2018
The Prime Minister, Datuk Seri Najib Razak has jumped on US President Donald Trump’s “fake news” bandwagon, with the same objectives – not to uphold the truth and factual reporting, but to use the “fake news” cover and offensive to achieve the twin objective to discredit stories about legitimate and negative media coverage while spreading lies and falsehoods about Opposition leaders.
This is why the establishment of a government committee to tackle fake news, headed by the Minister in the Prime Minister’s Department with representatives from the police, the Atttorney-General’s Chambers and the Ministry of Multimedia and Communications is so laughable – as it utterly without credibility just like asking thieves to catch thieves.
It is an incontrovertible fact that in Malaysia today, the biggest manufacturer of fake news and false information is none other than UMNO/Barisan Nasional government, led by none other than the Prime Minister, Datuk Seri Najib Razak, himself. Read the rest of this entry »
Appointment of retired Brigadier General Mohamad Arshad Raji as honorary MACC advisor?
Posted by Kit in Corruption, Financial Scandals on Thursday, 1 February 2018
The President of Persatuan Patriot Kebangsaan, retired Brigadier General Mohamad Arshad Raji has rightly questioned why the authorities have yet to take action on reports that Majilis Amanah Rakyat’s (Mara) had purchased a block of apartments in Melbourne, Australia at an inflated price.
Mohamad Arshad said: “Four days have passed (since the news report), and not a squeak is heard from those in authority.
“Why the eerie silence on this alleged scandal? Where is the accountability?” Read the rest of this entry »
Three tests for the four honorary MACC advisers as to whether they will be allowed to play credible and effective roles to combat corruption or they are only used to camouflage the weaponisation of MACC to harass and persecute Opposition leaders
Posted by Kit in Corruption, Financial Scandals on Wednesday, 31 January 2018
The question that must be asked is whether the appointment of four Malaysian Anti-Corruption Commission (MACC) honorary advisers is to allow them to play credible and effective roles to combat corruption or they are only used to camouflage the weaponisation of MACC to harass and persecute Opposition leaders.
There are three tests for the four honorary MACC advisers as to whether they will be allowed to play credible and effective roles to combat corruption or they are only used to camouflage the weaponisation of MACC to harass and persecute Opposition leaders. Read the rest of this entry »
The battle in the 14GE is not between Najib and Mahathir but between Najib/BN and the people of Malaysia
Posted by Kit in Financial Scandals, Impian Malaysia, Malaysian Dream, nation building, Save Malaysia on Sunday, 28 January 2018
Firstly, I wish to thank all Malaysians, especially Pakatan Harapan and DAP leaders, members and supporters, as well as those from other political parties and organizations, for their support, concern and good wishes during my cancer operation and month-long break and recuperation.
I found however that I could not escape the demonization campaign against me, even during the five-week break.
I was in fact hospitalized on the day the MCA newspaper launched a major demonization against me, with the screaming headline: “Kit Siang as PM will create racial rift, says Liow” on December 18, 2017, quoting the MCA President and Transport Minister, Datuk Seri Liow Tiong Lai warning that “Racial ties among the people will be damaged if DAP adviser Lim Kit Siang becomes prime minister” and that “Lim’s ambition would steer Malaysia towards the path of ruin”.
This is the stuff of fake news and false information, the staple diet of demonization by UMNO/BN propagandists and cytrops (cybertroopers), adopted wholesale by the MCA President as I had never thought of becoming Prime Minister of Malaysia. Read the rest of this entry »
Malaysia is already the butt of jokes of Africans for our global kleptocracy, let us not be another African butt of jokes for our democracy
Posted by Kit in Corruption, democracy, Elections, Financial Scandals on Friday, 15 December 2017
Malaysians have two objectives in the forthcoming 14th General Elections.
Firstly, for Malaysia to mature to become a normal democracy and secondly, to save the nation from the infamy and ignominy of being regarded worldwide as a global kleptocracy.
The Pakatan Harapan parties of DAP, PKR, AMANAH and Bersatu are fully committed to the ballot box as the sole avenue for political and democratic change. The 14GE will be the 12th general elections for the DAP in over five decades and the history and record of the DAP is unswerving commitment to the democratic and constitutional process to effect political change.
The real question at issue in the 14GE is whether Najib and UMNO are equally committed to see Malaysia mature as a normal democracy where change of the federal government through the ballot box is accepted as a healthy democratic process and not one to invite threats of violence, bloodshed, chaos, riots or coups. Read the rest of this entry »
Najib’s misdeeds at the 71st UMNO General Assembly which still rankle Malaysians who are rational, fair-minded, patriotic and nationalistic
Posted by Kit in Corruption, Election, Financial Scandals, Najib Razak, Pakatan Harapan on Wednesday, 13 December 2017
It is almost a week week since the 71st UMNO General Assembly but what the Prime Minister, Datuk Seri Najib Razak said and did at the opening of the UMNO General Assembly and the winding-up still rankle rational, fair-minded, patriotic and nationalistic Malaysians who believe in what Bapa Malaysia Tengku Abdul Rahman said in 1957 about the country being “a beacon of light in a disturbed and distracted world” and the Dream and Vision in the Merdeka and Malaysia Proclamations of a Malaysia of excellence, justice, integrity, freedom and harmony despite the diverse races, religions and cultures in Malaysia.
Firstly, Najib’s resort to lies and falsehoods when he accused the DAP of being anti-Malay and anti-Islam, that “DAP yang terang terang Anti-Melayu dan Islam, sebagai tercatat dalam perlembagaan DAP, langsung tidak meyebut Islam sebagai Agama Persekutuan”.
Present at the 71st UMNO General Assembly opening were the leaders of the other 12 Barisan Nasional component parties, such as MCA, MIC, Gerakan and the Sabah and Sarawak component parties.
His criticism of DAP that “tercatat dalam perlembagaan, langsung tidak sebut Islam sebagai Agama Persekutuan” applies in equal measure to the 12 other BN component parties.
Will Najib accuse the other 12 BN component parties, and therefore the Barisan Nasional coalition, as anti-Malay and anti-Islam? Read the rest of this entry »
If Najib can get away with the 1MDB “kleptocracy at its worst” in the 14GE, what is there to prevent Malaysia from scaling greater kleptocratic heights after the general election with 2MDB, 3MDB and worse money-laundering scandals which will make 1MDB scandal look like peanuts?
Posted by Kit in Corruption, Elections, Financial Scandals, Najib Razak on Tuesday, 12 December 2017
This has never happened before.
Malaysia singled out in an international forum as the No. 1 rogue nation in the world, with the United States Attorney-General Jeff Sessions condemning 1MDB, the brainchild of the Prime Minister, Datuk Seri Najib Razak, as “kleptocracy at its worst” at the Global Forum on Asset Recovery (GFAR) co-organised by the UK and US governments on 4th December DC.
Again, never happened before, news reports of Sessions’ castigation of Malaysia as global kleptocracy completely blacked out by UMNO/BN owned and controlled mainstream media, whether online or printed, in the country – whether the New Straits Times, Utusan Malaysia, Berita Harian or The Star.
I shudder to think that if Najib can get away with the 1MDB “kleptocracy at its worst” in the impending 14th General Election, what is there to prevent Malaysia from scaling greater kleptocratic heights after the general election with 2MDB, 3MDB and worse money-laundering scandals which will make 1MDB look like peanuts?
Read the rest of this entry »
JASA Director-General is paid higher than a Minister because he must be a person who is no respector for the truth and must be in the forefront to tell lies to defend Najib and “global kleptocracy”
Posted by Kit in Corruption, Financial Scandals, Najib Razak, UMNO on Monday, 11 December 2017
Last month, Parliamentary Opposition Leader Datin Seri Dr.Wan Azizah Wan Ismail asked in Parliament why the Director-General of of Special Affairs Department (Jasa) is paid more than the monthly salary of Ministers, including the Communications and Multimedia Minister, to whom the JASA Director-General is supposed to be answerable to.
This answer has been given by the JASA Director-General Datuk Mohd Puad Zarkashi in his response to my criticisms of the Prime Minister, Datuk Seri Najib Razak’s summing-up speech at the UMNO General Assembly on Saturday.
It is clear that the reason why the JASA Director-General is paid higher than a Minister, including the Minister of Communications and Multimedia to whom he is not answerable to as he is accountable only to the Prime Minister is that the Jasa DG must be a person who is no respector for the truth and must be in the forefront even to tell lies to defend Najib and Malaysia’s infamy and ignominy as a “global kleptocracy”. Read the rest of this entry »
14th General Election will be battle of truth vs lies, people of Malaysia vs UMNO/BN and “No Kleptocracy in Malaysia vs 2MDB/3MDB and more”! I have a confession to make.
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Sunday, 10 December 2017
I have a confession to make.
UMNO/BN owned or controlled media made quite a circus during the UMNO General Assembly over a former Penang DAP State Assemblyman for Jawi, Tan Beng Huat leaving the party to join the People’s Alternative Party (PAP), and I was singled out as the main reason for Tan’s departure from the party.
When I saw a photograph of Tan’s submitting his membership application to People’s Alternative Party, I had thought that the younger person to his right was Tan Beng Huat.
Tan resigned from the DAP more than a year ago, and he did not breathe a word about what he was purported to have said on Friday.
Now a person whom I have no impression whatsoever is quoted as authority by the Prime Minister, Datuk Seri Najib Razak that I want to be Prime Minister of Malaysia.
This is quite a reflection on the credibility and authority of Najib as the sixth Prime Minister of Malaysia.
Read the rest of this entry »
Will UMNO General Assembly ignore three years in a row what the United States Attorney-General Sessions described yesterday as the world’s “kleptocracy at its worst” – the international multi-billion dollar 1MDB money-laundering scandal?
Posted by Kit in Corruption, Financial Scandals, Najib Razak, UMNO on Tuesday, 5 December 2017
Will the 71st UMNO General Assembly ignore three years in a row what the United States Attorney-General Jeff Sessions described yesterday as the world’s “kleptocracy at its worst” – the international multi-billion dollar 1MDB money-laundering scandal?
At the opening speech for the Global Forum on Asset Recovery in Washington DC yesterday, US Attorney-General Sessions described the 1MDB scandal as “kleptocracy at it worst” when referring to United States government efforts in combatting corruption on the global level.
No other kleptocracy rated the prominence given by Sessions to the 1MDB scandal. Read the rest of this entry »
3Vs in the RCI Report of the Bank Negara Forex Losses in the 1990s, presenting the top political leaders and public servants in 1990s as a cast of villains raises questions about the present top political and government leaders in relation to 1MDB scandal – greatest corruption scandal in nation’s history
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Saturday, 2 December 2017
Everything is happening with unusual rapidity advertising that the motivating impulse is not to seek justice but the 3Vs of vengeance, vindictiveness and vendetta to target Tun Dr. Mahathir Mohamad and Datuk Seri Anwar Ibrahim with the impending 14th General Election in 120 days.
One sad outcome is the besmirching and devaluation of the institution of Royal Commission of Inquiries – as evident by the dishonourable manner in which the RCI Report on Bank Negara Forex Losses in the 1990s was surreptitiously circulated to Members of Parliament on the last day of Parliament, without any notice whatsoever and without any opportunity for MPs to debate it! Read the rest of this entry »
Three dominant thoughts when ploughing through RCI Report on Bank Negara Forex Losses
Posted by Kit in Financial Scandals, Parliament on Thursday, 30 November 2017
I had three dominant thoughts when ploughing through the Royal Commission of Inquiry Report into the Bank Negara Forex Losses in the 1990s, tabled in Parliament today.
Let me share these three dominant thoughts before I have gone through the 830-page report.
Firstly, how accurate I was when I spoke in Parliament about a quarter of a century ago in 1993 and 1994 about the Bank Negara Forex Losses.
In my speech in Parliament in the debate on the Royal Address in April 1994, I estimated that the Bank Negara forex losses in the early nineties could exceed RM30 billion. Read the rest of this entry »
Report: Bank’s board briefed on deposits into Najib’s account
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Thursday, 16 November 2017
Free Malaysia Today
November 13, 2017
PETALING JAYA: Members of AmBank’s board were in the know about large quantities of money deposited into the accounts of Prime Minister Najib Razak in 2013, according to Australian broadcasting agency SBS.
It said the full 12-man board had been briefed about the matter on multiple occasions between September and November 2014, but was not aware then of the source of the funds.
Following the briefing, then-CEO Ashok Ramamurthy, who had been seconded by the Australia and New Zealand Banking Group (ANZ) to head AmBank, was directed to report the transactions to Bank Negara Malaysia (BNM), it added. Read the rest of this entry »
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