Archive for category Financial Scandals

With Anwar’s support and offer of assistance, there is even less reason to delay RCI into Bank Negara forex losses more than 20 years ago, as well as probe into 1MDB and BMF scandals

Malaysians welcome Anwar Ibrahim’s support for a Royal Commission of Inquiry (RCI) into the Bank Negara foreign exchange (forex) losses in the 1990s and his offer of assistance if the RCI was established but not a Cabinet task force.

With Anwar’s support and offer of assistance, there is even less reason to delay the establishment of a Royal Commission of Inquiry into the Bank Negara forex losses more than 20 years ago, as well as probe into the 1MDB and BMF scandals.

Anwar’s support and offer of assistance are most significant, as Anwar was the Finance Minister at the relevant period of the Bank Negara forex losses, being Finance Minister of the country from 1991-1998. Read the rest of this entry »

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Where Crony Capitalism Rose and Prosperity Fell (and Vice Versa)

Matthew A. Winkler
Bloomberg
FEB 20, 2017

With populists emulating autocrats from Azerbaijan to Zimbabwe, free markets are being forced to confront crony capitalism.

One response is visible in the reversal of fortunes of Malaysia and Indonesia. The two nations still wrestle with the politics of ethnicity and religion at odds with the capitalism of market competition. In Indonesia, Basuki Tjahaja Purnama, a Chinese Christian who is the governor of Jakarta, is running for office while defending himself against charges of blasphemy against Islam in a country of predominantly Muslim voters. Malaysia’s embrace of an ideology of Malay supremacy and the low interest rates that invite a debt bubble are impediments to a dynamic economy.

But the historic advantage that Malaysia, with just 30 million people, has enjoyed over its Southeast Asian neighbor of 250 million is disappearing amid a barrage of corruption allegations challenging Prime Minister Najib Razak. Read the rest of this entry »

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Annuar Musa’s statement is an example of what a patriotic Malaysian should not be – full of venom, hatred, prejudice even lies and deceit

In my 76th birthday statement yesterday, I expressed the hope that Malaysians will try to be more Malaysian in their thinking, outlook and responses regardless of race, religion, region or culture.

This is because Malaysia’s diversity of races, languages, religions and cultures is the nation’s greatest strength and asset.

Malaysia should be the showcase of peace, tolerance, understanding, inter-action and unity of diverse races, religions and cultures in the world to build a new global civilization of justice, freedom, dignity and excellence of humanity.

I want to thank the UMNO Information chief, Datuk Seri Annuar Musa for personifying the very anti-thesis of a such model Malaysian, as illustrated by his statement rejecting my offer to speak at the UMNO/BN nation-wide roadshow on the Cabinet’s decision to set up special task force to probe Bank Negara’s forex losses more than two decades ago.

Annuar Musa’s statement is “must study” by all Malaysians, regardless of race, religion or political affiliation, for it is a statement no patriotic Malaysian should ever make – steeped with venom, hatred, distrust, prejudice even lies and deceit!

I do not know why the UMNO leadership is so frightened of me, that its Information Chief had to invent eight reasons why I would not be welcome on the UMNO/BN roadshow on the government probe into the Bank Negara’s forex losses more than two decades ago.

Does Annuar know that he had told eight lies in his statement yesterday? Read the rest of this entry »

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Himpunan PAS RUU 355 : A Big Flop

Koon Yew Yin
21.2.2017

The recent PAS RUU rally in support of the private member’s bill tabled by PAS president Abdul Hadi Awang, to amend the Shariah Courts (Criminal Jurisdiction) Act 1965 turned out to be a damp squib or in simple English – a big flop!

It was a flop in several ways. Firstly, although PAS had targeted a crowd of 300,000 to show the country that the Malay electorate was behind the controversial amendment, police and analysts estimated the crowd at only 20,000. The turnout – so much smaller than even Bersih or Hindraf organized past rallies – not only shows that this issue does not resonate with the Malay public. It also shows that the reputed grassroots support for PAS has been overrated.

Although in the past we have seen the organizational ability of PAS in drawing the Malay Muslim crowd to rally alongside non-Muslims in Bersih and Pakatan rallies, this time round the Malay public stayed away.

If the thinking in PAS ulama leaders led by Hadi is that his proposed amendments would serve as its main political strategy in order to attract greater support, it is clear that grassroots supporters do not want to give wider powers to shariah courts and to be made use of by Hadi in his ambition to push for an Islamic state in Malaysia.

Which Malay in his right mind wants to see an increase in maximum punishment for shariah offences to 30 years’ jail, fine of up to RM100,000 and up to 100 strokes of the cane for offences?

Which rational Malaysian wants to see the introduction of a two tier legal system in which Muslims will be discriminated against as proposed by Hadi and his men, and which could also result in hudud law being a reality in our multi-racial Malaysia? Read the rest of this entry »

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Malaysia PM stepson’s lawyers warning to DOJ: Don’t undermine 1MDB

The Independent
February 19, 2017

Lawyers of Malaysian Prime Minister Najib Razak’s step son Riza Aziz taunted the American justice not to take the closure of the 1MDB case in Malaysia lightly.

In documents submitted by the lawyers Riza Aziz – to fight back against the US Department of Justice (DOJ) attempt to seize his property in the US – the lawyers said:

“Seizure of the assets would require a US court to ‘second-guess and undermine’ a decision made by Malaysia’s attorney-general.

Mohamed Apandi Ali, the attorney-general, has ordered Malaysia’s anti-corruption agency to close an investigation into the transfer of $681m into the prime minister’s personal bank account, ruling that the money was a donation.

Apandi Ali also shut down a separate inquiry into SRC International, a 1MDB subsidiary. Read the rest of this entry »

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I volunteer to speak at the UMNO/BN nation-wide roadshow on the Cabinet’s decision to set up special task force to probe Bank Negara’s forex losses more than two decades ago

Umno information chief Datuk Seri Annuar Musa has announced that Umno and Barisan Nasional (BN) component parties will be going on a nationwide roadshow to inform the public about the special task force set up by the Cabinet to probe Bank Negara Malaysia’s (BNM) foreign exchange trading losses in the 1990s.

He said that the roadshow, scheduled to start on Feb 25, was mooted following attempts by certain parties to question the need for a task force.
Last Friday, I responded promptly to the Minister in the Prime Minister’s Department, Datuk Seri Azalina Othman Said, who said that I should assist the special task force set up to probe the foreign exchange losses incurred by Bank Negara more than two decades ago as I had been so vocal in the 1990s in the Dewan Rakyat bringing up various motions to propose the setting up of a Royal Commission of Inquiry (RCI) to probe the losses.

I declared that I am prepared to serve on a public probe into Bank Negara forex losses, but the scope of investigations should be expanded to cover the BMF and 1MDB scandals, in view of the new dimension of the country suffering the ignominy and infamy of being regarded worldwide as a global kleptocracy because of the international multi-billion dollar 1MDB money-laundering scandal touching the honour, credibility and integrity of the Prime Minister, Datuk Seri Najib Razak himself.

But there is thunderous silence from Azalina in the past three days. Read the rest of this entry »

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‘Wolf of Wall Street’ Financier Challenges U.S. Government’s 1MDB Seizures

by Eriq Gardner
The Hollywood Reporter
FEBRUARY 16, 2017

Red Granite co-founder Riza Aziz says through court documents he’s an “innocent owner” of assets allegedly derived from embezzlement.

In court papers quietly filed this past week, various entities connected to Red Granite Pictures co-founder Riza Aziz are attacking the U.S. government’s attempt to seize real estate properties in the huge $1 billion action targeting alleged corruption of Malaysian public funds.

The Justice Department has touted the 1MDB case as its biggest kleptocracy case to date, but Aziz’s lawyer, Matthew Schwartz, a former assistant U.S. attorney who once prosecuted Bernie Madoff, slams the U.S. government for failing to include “essential detail” about the supposed crimes. He’s demanding a dismissal.

Aziz is the stepson of Malaysian Prime Minister Najib Razak and, along with Joey McFarland, founded Red Granite, which financed The Wolf of Wall Street, Dumb and Dumber To and Friends With Kids.

Back in July, the Justice Department made its big move by seeking the civil forfeiture of rights to Wolf of Wall Street, Martin Scorsese’s Oscar-nominated film, as well as other assets allegedly traced to foreign corruption.

According to the government, high-level officials in Malaysia diverted assets into a fund called 1Malaysia Development Berhad (1MDB) and then into shell companies with the assistance of big banks, including Goldman Sachs. Some of the money, it’ is asserted, went into Red Granite productions, and now the government is looking to claw proceeds.

Later this month, Red Granite is due to file its response to the government’s attempt to seize rights to Wolf of Wall Street, and, in advance of this, Aziz’s lawyers have foreshadowed the line of attack in motions to dismiss separate complaints filed over real estate property in Beverly Hills, New York and London. Read the rest of this entry »

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I am prepared to serve on public probe into government financial scandals, provided its terms of reference includes 1MDB and BMF scandals

I arrived in Gelang Patah from Kuala Lumpur and my attention has been drawn to the statement by the Minister in the Prime Minister’s Department, Datuk Azlalina Othman Said, who said that I should assist the special task force set up to probe the foreign exchange losses incurred by Bank Negara more than two decades ago.

Azalina said I should be the first man to support the task force.

She said:

“This is because he was so vocal in the 1990s in the Dewan Rakyat by bringing up various motions to propose the setting up of a Royal Commission of Inquiry (RCI) to probe the losses.

“Thus, this is the best opportunity for him to prove he had basis to bring up the motions in 1993 and 1994. He should assist the task force by reviewing thoroughly all the relevant facts. Or, was he just confusing the House at the time?” Read the rest of this entry »

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Ministers have shown that they lack Malaysian patriotism as they are indifferent and unmoved by Malaysia’s infamy and ignominy of being regarded worldwide as a global kleptocracy as a result of 1MDB international money-laundering scandal

All Barisan Nasional Ministers are not only guilty of colossal negligence and irresponsibility of the first degree when at Wednesday’s Cabinet meeting, they could set up a special task force (STF) to conduct a probe into Bank Negara forex losses more than two decades ago but dare not breathe a word on the monstrous 1MDB kleptocratic money-laundering scandal, they have done worse.

They have shown that they lack Malaysian patriotism, that they could be indifferent and unmoved by Malaysia’s infamy and ignominy of being regarded world-wide as a global kleptocracy.

At the last Parliamentary meeting, I had explained that kleptocracy is a government of 3Ps – Pencuri, Perompak and Penyamun.

Which Malaysian who loves Malaysia and is patriotic can be indifferent to the country’s shame, infamy and ignominy of being regarded as a global kleptocracy – when even ordinary Malaysians fight shy of admitting that they are Malaysians when abroad for they will be confronted with a load of questions about Malaysia being a global kleptocracy!

I call on all Barisan Nasional Ministers to resign as Ministers if they are not prepared to do anything to give top priority to clear or purge Malaysia of the infamy and ignominy of being regarded worldwide as a global kleptocracy.

Are there no other leaders in the 13 parties in Barisan Nasional who are patriotic enough to want to make the clearing or purging of Malaysia’s international infamy and ignominy as a global kleptocracy the top national agenda of the country?

If so, then it is a very sad day for Malaysia, when even the PAS President Datuk Hadi Awang has no problem with Malaysia being regarded worldwide as a global kleptocracy so long as Muslims are the leaders in the country – ignoring the fact that even if UMNO is ousted from Putrajaya in the next general elections by Pakatan Harapan and Bersatu, it is a Malay and Muslim who will be Prime Minister and not a non-Malay or a non-Muslim. Read the rest of this entry »

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All Cabinet Ministers guilty of colossal negligence and irresponsibility of the first degree when they could set up a special task force (STF) to conduct a probe into Bank Negara forex losses more than two decades ago but dare not breathe a word on the monstrous 1MDB kleptocratic money-laundering scandal

ll Cabinet Ministers are guilty of colossal negligence and irresponsibility of the first degree when they could set up a special task force (STF) to conduct a probe into Bank Negara forex losses more than two decades ago but dare not breathe a word on the monstrous 1MDB kleptocratic money-laundering scandal.

Only yesterday, a Swiss newspaper gave a two-page spread to what it described as “Biggest Misappropriation of Funds in History”, referring to the international multi-billion 1MDB kleptocratic money-laundering scandal, in a coverage under the headline “LA FACE SUISE D’UN SCANDAL” which is google-translated as “THE SWISS FACE OF A SCANDAL” with photographs of the Malaysian Prime Minister, Datuk Seri Najib Razak in the company of Justo, Sturzengger and Di Caprio, with Najib described as “L’INSTIGATUR” (“THE INSTIGATOR”).

But all the Ministers of the Najib Cabinet yesterday preferred to play the role of traditional three monkeys, with eyes that see not, with ears that hear not, with mouths that speak not what the whole world and Malaysians can see, hear and speak – to the extent that Malaysia is regarded worldwide as a new and instant “global kleptocracy” under the sixth Malaysian Prime Minister, Datuk Seri Najib Razak. Read the rest of this entry »

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Zahid should explain why security at KLIA is so lax that it could become playground for foreign agents to assassinate half-brother of North Korean leader Kim Jong Un

Deputy Prime Minister and Home Minister, Datuk Seri Zahid Hamidi should explain why security at the Kuala Lumpur International Airport (KLIA) is so lax that it could become playground for foreign agents to assassinate North Korea leader Kim Jong Un’s half brother, Kim Jong Nam, 46.

As far as bad news for Malaysia on the world stage, the phrase “it never rains but it pours” is most apt.

Today, a Swiss newspaper gave a two-page spread to what it described as “Biggest Misappropriation of Funds in History”, referring to the international multi-billion 1MDB kleptocratic money-laundering scandal, in a coverage under the headline “LA FACE SUISE D’UN SCANDAL” which is google-translated as “THE SWISS FACE OF A SCANDAL” with photographs of the Malaysian Prime Minister, Datuk Seri Najib Razak in the company of Justo, Sturzengger and Di Caprio, with Najib described as “L’INSTIGATUR” (“THE INSTIGATOR”).

But all over the world, the headline news today is about the police manhunt in Malaysia after the half-brother of the North Korean leader was assassinated at the KLIA on Monday after being attacked with a chemical spray or needle. Read the rest of this entry »

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Anifah must surface to clear the air or Sabahans and Malaysians cannot be blamed for concluding that some political power play is taking place among the top echelons of the UMNO leadership

In the last 24 hours, Sabah has suddenly become the epicentre of a political storm in Malaysia.

It all started with a tweet by the Selangor Mentri Besar, Datuk Azmin Ali asking whether a senior minister had resigned over the 1MDB imbroglio.

Then the Prime Minister, Datuk Seri Najib Razak, got into the picture himself, declaring last night that he was not informed of any resignation from his ministers.

He demanded Azmin reveal the name of the said minister to prove he wasn’t lying.

Azmin countered by saying that Najib denying the claim was not a surprise, declaring that he had been informed of this by the minister himself.

For some 18 hours, the social media swirled with the subject as to whether a senior Minister had resigtned, whether it was because of 1MDB and the identity of the Minister.

Then the Deputy Prime Minister, Datuk Seri Ahmad Zahid gave a face to the senior Minister in the social media storm, that it was none other than the Foreign Minister, Anifah Aman, but the Zahid accused Azmin of lying, saying that there was no resignation tendered by any senior minister, and that he was with Anifah last night and that “today, he has gone to Brussels representing Malaysia as the Foreign Minister”.

Although Zahid claimed that he had attended a Sabah UMNO event with Anifah and the Sabah Chief Minister, Datuk Musa Aman, and he had even posted a picture of himself and Anifah through Twitter, he Deputy Prime Minister should know that his explanation lacks credibility.

As the social media storm had erupted last night about a senior minister resigning over the 1MDB scandal, with the finger pointed at Anifah, why didn’t Anifah rebut the story before he left for Brussels?

Zahid and Anifah should know that in this age of information 24/7, there is no way a person can hide from the public wherever in the world.

Anifah must surface to clear the air or Sabahans and Malaysians cannot be blamed for concluding that some political power play is taking place among the top echelons of the UMNO leadership. Read the rest of this entry »

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Let not Malaysia gain a new world infamy and ignominy as a nation which does not know shame for becoming a global kleptocracy

I fully agree with the DAP PJ Utara MP, Tony Pua, that the Minister for Communications and Multimedia, Datuk Seri Said Keruak is “completely untutorable” on the BMF, Bank Negara forex and 1MDB scandals, when Salleh could insist he was right and even brilliant to say that the Bumiputera Finance Scandal in the 1980s is worse than the ongoing 1MDB scandal as the government’s “real exposure” in 1MDB scandal is only RM1 million in its initial paid-up capital.

I tried to help Salleh understand the implications and magnitude of the 1MDB scandal, which for the first time in the nation’s history, has plunged the country into the international infamy of a global kleptocracy, suggesting three separate tutors for him for the BMF, Bank Negara forex and 1MDB scandals but it was in vain for Salleh was not prepared to be educated.

As Tony pointed out, Salleh is spinning a story that even the CEO for 1MDB, Arul Kanda has stopped spinning since a year ago – that the government exposure to the 1MDB scandal is only RM1 million, an incredibly naïve understanding of the 1MDB scandal which even students in schools would not be guilty of.

It is obvious that Najib’s Cabinet Ministers, not very outstanding in their IQs, also feel embarrassed by Salleh’s incredible naivetee, and have virtually given up on Salleh who has shown that he is “untutorable” on the BMF, Bank Negara forex and 1MDB scandals.

This was why the Cabinet at its meeting on Wednesday, discussed the possibility of a Royal Commission of Inquiry (RCI) or some official probe into Bank Negara forex losses more than two decades ago.

If Youth Minister, Khairy Jamaluddin was right on the Cabinet meeting, there was no mention not only of the current 1MDB scandal but also the BMF scandal more than three decades ago. Read the rest of this entry »

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All Cabinet Ministers guilty of colossal negligence and irresponsibility of the first degree when they could discuss possibility of RCI for Bank Negara forex losses more than two decades ago but no mention of possible RCI into the current 1MDB kleptocratic scandal

All Cabinet Ministers are guilty of colossal negligence and irresponsibility of the first degree when they could discuss the possibility of a Royal Commission of Inquiry into Bank Negara forex losses more than two decades ago but there is no mention or discussion of possible RCI into the current 1MDB kleptocratic scandal.

UMNO Youth Chief and Minister for Youth and Sports, Khairy Jamaluddin has said that the Cabinet will decide next week whether there should be an official inquiry into the Bank Negara forex losses in the early 1990s.

Khairy said the matter was discussed at the Cabinet yesterday and would be brought up again next Wednesday before a decision is made on the official probe.

Khairy has forfeited the right to represent the youths of Malaysia if he cannot voice out the views of all youths in the country that they do not want Malaysia to be known worldwide as a global kleptocracy as a result of the international multi-billion dollar 1MDB money-laundering scandal.

All Ministers would have lost the right to claim that they are patriotic and love Malaysia if they are not prepared to do anything to clear Malaysia of the ignominy and infamy of a global kleptocracy. Read the rest of this entry »

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Salleh should remember the adage “Little knowledge is a dangerous thing” – he should seek proper schooling of the BMF, Bank Negara forex and 1MDB scandals from three tutors including Tony Pua and Chooi Mun Sou

The Communications and Multimedia Minister Datuk Seri Salleh Keruak should remember the adage “Little knowledge is a dangerous thing” when he blogged that the Bumiputera Finance Scandal in the 1980s is worse than the ongoing 1MDB scandal.

It is clear that Salleh’s knowledge of the BMF scandal and the Bank Negara forex scandal are most superficial, and I would recommend three tutors for Salleh to get full briefing about the BMF, Bank Negara forex and 1MDB scandals.

It is a pity that Salleh did not attend the Save Malaysia Roundtable in Damansara yesterday or he would have the benefit of DAP MP for PJ Utara, Tony Pua’s presentation on “1MDB – Kedudukan & Langkah Selanjutnya” and he would not have made the ludicrous claim that the 1MDB scandal was a minor scandal as compared to the BMF scandal. Read the rest of this entry »

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If Najib government and Hadi’s PAS leadership are not prepared to Save Malaysia from global kleptocracy and a failed and rogue state, then ordinary Malaysians, including UMNO and PAS members, must come forward to Save Malaysia

For many months, Malaysians going overseas have been faced with the embarrassing situation when asked which country they come from.

Once Malaysians had no problem in proudly identifying themselves as coming from Malaysia, but now they hesitate whether to answer the question as they would be confronted with embarrassing questions about Malaysia becoming a global kleptocracy, the infamous international multi-billion dollar 1MDB money-laundering scandal involving the Prime Minister which have caused the closure of banks and imprisonment of bankers for money-laundering in other countries, MO1 and many other difficult questions.

Do we have a national strategy, involving the full support of the government, to counter Malaysia’s infamy and ignominy of being regarded worldwide as a global kleptocracy?

The silence and indifference of the Prime Minister, Datuk Seri Najib Razak, leaders of other Barisan Nasional parties, as well as the PAS President, Datuk Seri Hadi Awang to the invitation to this Save Malaysia Roundtable is loudest answer to this question.

Clearly, we have not even taken the first step to Save Malaysia from global kleptocracy, which is to end the “global pretence” that the international multi-billion dollar 1MDB money-laundering scandal had been resolved and ceased to be an issue. Read the rest of this entry »

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Let all political leaders, including Najib and his Cabinet, make a new start to stand united stand against corruption, regardless of party affiliation or political ideologies, at the Save Malaysia Roundtable on Tuesday

I endorse the call by the former Malaysian Anti-Corruption Commission chief, Tan Sri Abu Kassim Mohaamed, that Malaysians must stand united against corruption, regardless of their political ideologies.

Speaking at a congregation at Masjid Al-Ikhlas in Shah Alam yesterday, Abu Kassim said that if corruption is used as the basis of politics, it will be difficult to resolve social issues.

More than anyone, Abu Kassim should know what he was talking about.

Abu Kassim became MACC Chief Commissioner on 1st January 2010 following the prolonged firestorm in a clear case of MACC political persecution resulting in the death of DAP aide Teoh Beng Hock, falling from the 13th floor of the MACC premises in Shah Alam on 16th July 2009, in a MACC investigation over allegations about impropriety in a RM2,400 purchase of flags for Merdeka Day celebrations by DAP State Executive Councillor, Ean Yong Hian Wah.

A Royal Commission of Inquiry in July 2011 found that Beng Hock had been “driven to commit suicide” due to interrogation by three MACC officers in a manner that was “aggressive, relentless, oppressive and unscrupulous” – which was nothing but a euphemism for murder.

To his credit, Abu Kassim tried his utmost as MACC Chief Commissioner to restore the professionalism and credibility of the MACC in his seven-and-a-half years as head of the anti-corruption agency, but he failed as the murderers of Teoh Beng Hock had yet to be brought to justice.

But there were other weightier reasons for Abu Kassim’s failure. Read the rest of this entry »

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First step to Save Malaysia from global kleptocracy is to end “global pretence” that 1MDB scandal has been resolved and ceased to be an issue

The first step to Save Malaysia from global kleptocracy is to end the “global pretence” that the international multi-billion dollar 1MDB money-laundering scandal had been resolved and ceased to be an issue.

This was what the Prime Minister, Datuk Seri Najib Razak had promised more than a year ago.

In his meeting with some 1,000 UMNO divisional leaders and selected representatives of NGOs on 14th June 2015, Najib gave an assurance that the controversy surrounding the state investment arm 1MDB will be resolved by year-end.

In his 2016 New Year message on 31st December 2015, Najib told Malaysians that his RM50 billion 1MDB and RM2.6 billion donation twin mega scandals had been resolved and were no more issues.

Najib could not be more wrong, as illustrated by the decision yesterday of the Swiss Financial Market Supervisory Authority (FINMA) ordering Coutts & Co., which is owned by the Royal Bank of Scotland, to surrender 6.5 million francs (RM29.1 million) in illegal profits from transactions linked to 1MDB. Read the rest of this entry »

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Coutts ordered to pay back SFr6.5m of profits over 1MDB

Jeevan Vasagar in Singapore
Financial Times
3rd Feb 2017

Swiss financial supervisor sanctions bank over lapses linked to Malaysian fund

Swiss authorities have accused Coutts, the private bank, of repeatedly ignoring internal warnings over its dealings with a businessman who has been linked to a plot to loot billions of dollars from 1MDB, the Malaysian state investment fund.

Numerous “high-risk” transactions were processed through a Coutts account opened by the Malaysian businessman in Zurich, including the use of $35m for visits to casinos and the purchase of luxury services such as chartering yachts, according to the Swiss inquiry.

Finma, the Swiss financial regulator, ordered Coutts to pay back profits of SFr6.5m, which were allegedly generated unlawfully. It is also considering enforcement proceedings against bank employees.

The Swiss action is the latest step in a global regulatory crackdown against banks involved in the 1MDB scandal. Read the rest of this entry »

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Save Malaysia Roundtable on Tunku’s 114th birthday anniversary next week best forum for Najib to start process to free Malaysia from the millstone of global kleptocracy

The Save Malaysia Roundtable of political and civil society leaders to save Malaysia from global kleptocracy and a failed and rogue state on Tunku’s 114th birthday anniversary in Kuala Lumpur next week is the best forum for the Prime Minister, Datuk Seri Najib Razak and his Cabinet to start the process to free Malaysia from the millstone of global kleptocracy.

This will make the Save Malaysia Roundtable doubly significant, not only on the occasion of the114th birthday anniversary of Bapa Malaysia, but to send out the clear message that the 2017 Chinese New Year of the Fire Rooster will be the only kleptocratic Chinese New Year in the history of Malaysia and that in the next year, the Chinese New Year and other national festivities would not be celebrated under a cloud of global kleptocracy!

Almost everybody is saying that it is impossible that Najib will attend the Save Malaysia Roundtable.

I agree that it appears to be quite inconceivable that Najib would attend the Save Malaysia Roundtable to save Malaysia from global kleptocracy and a failed and rogue state, as it would involve Najib’s preparedness – not seen up to now – to open up the international multi-billion dollar 1MDB kleptocratic money-laundering scandal to national and international scrutiny to prove that it is not a scandal at all, although the 1MDB scandal is making international waves and world headlines almost every other day.

The issue is whether Najib and his Cabinet are prepared to start the process to free Malaysia from the millstone of global kleptocracy, or whether they will go down in history as being responsible for Malaysia’s millstone of global kleptocracy and not prepared to do anything to remove such a millstone. Read the rest of this entry »

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