Archive for category Financial Scandals

Is it divinely ordained that former Prime Minister Najib should speak to an empty chamber in Parliament to underline how low he has fallen and how irrelevant to Malaysians he has become?

Is it divinely ordained that former Prime Minister, Datuk Seri Najib Razak should speak to an empty chamber in Parliament to underline how low he has fallen and how irrelevant he has become to Malaysians?

Such a question would naturally follow from the declaration in Parliament yesterday by the UMNO President and former Deputy Prime Minister, Datuk Seri Zahid Hamidi that the earthquake and tsunami in Palu, Indonesia that killed more than 1,900 people happened because there were over 1,000 people who were involved in LGBT activities.

Malaysians and in fact the world must thank Najib for posting a photograph on his Facebook page showing him delivering a speech in the Dewan Rakyat to rows of empty seats in front of him – which is indeed a rare sight!

In fact, there were several meetings in Parliament going on at the time Najib spoke, including the Public Accounts Committee and two Ministerial briefings on forthcoming parliamentary business. Read the rest of this entry »

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Will Hishammuddin be the first Minister in the last Najib Cabinet to admit that the international 1MDB corruption and money-laundering scandal is not fake news, concoction by his political enemies or international conspiracy to topple Najib but “kleptocracy at its worst” which plunged Malaysia into infamy and ignominy as a global kleptocracy

A Malaysiakini reader asked whether Datuk Seri Hishammuddin Hussein thinks he is a James Bond with a “very particular set of skills” to hunt down 1MDB-linked businessperson Jho Low in China.

Hishammuddin’s offer to track down fugitive financier Jho Low in China to see closure o to the 1MDB case is indeed intriguing.

In the first place, will Jho Low’s return to Malaysia result in the closure of the 1MDB scandal?

What is more intriguing is whether Hishammuddin will be the first Minister in the last Najib Cabinet to admit that the international 1MDB corruption and money-laundering scandal is not a fake news, concoction by his political enemies or an international conspiracy to topple Datuk Seri Najib Razak, the sixth Prime Minster of Malaysia, but was “kleptocracy at its worst” and which plunged Malaysia into infamy and ignominy as a global kleptocracy.

If Hishammuddin wants to see a closure to the 1MDB case, and justice done, shouldn’t he be offering proper advice to his cousin, Najib?

(Media Statement by DAP MP for Iskandar Puteri Lim Kit Siang in Parliament on Tuesday, 23rd October 2018)

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Chua Soi Lek – I do not like or hate him. I pity him

Former MCA President Datuk Seri Dr. Chua Soi Lek can deny until the cows come home and allege that I had twisted his words in claiming that he had likened UMNO-MCA relationship to father-and-son relationship but just ask the Malaysian reading public what conclusions they would draw from Chua’s earlier and subsequent statements.

May be Chua had not expected the intensity of the fallout of his “when your father gives you money, will you ask your dad where the money comes from” statement, but it shows that there are things for even an old hand in politics to learn.

Chua is not stupid or dense, although he is prepared to sound stupid or dense if this will help his cause. Read the rest of this entry »

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UMNO and all present and former BN parties (including UMNO, MCA and MIC) should return RM470 million to public coffers as they had been misappropriated from 1MDB

I was earlier asked at the 47th ABIM annual congress at Universiti Islam Malaysia in Nilai about the comment of the former MCA President, Datuk Dr. Chua Soi Lek about the linkage between the MCA and the world-infamous MDB scandal, which caused Malaysians whether inside or the country to hold their heads in shame for the past few years when thinking of the infamy and ignominy of Malaysia being regarded as a global kleptocracy.

I have since seen news report that listed the RM470 million from former Prime Minister, Datuk Seri Najib Razak’s personal banking accounts and which were traceable to 1MDB, which had been diverted to Barisan Nasional parties for the 13th general election, including the following. Read the rest of this entry »

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Every PAC member should be given a copy of the two books on 1MDB scandal – the “Sarawak Report” and “Billion Dollar Whale” – and every PAC member should have read them by Tuesday for PAC to re-open investigations into 1MDB scandal

Every Public Accounts Committee member should be given a copy of the two books on the 1MDB scandal, viz. “The Sarawak Report – The Inside Story of the 1MDB Expose” by the Sarawak Report editor, Clare Rewcastle Brown and “Billion Dollar Whale – the Man who fooled the Wall Street, Hollywood and the World” by Tom Wright and Bradley Hope, two Wall Street Journal reporters.

Furthermore, all the PAC members should have read the two books on the 1MDB scandal by next Tuesday when they start to carry out Parliament’s directive following an unanimous parliamentary motion last August to “conduct again a detailed investigation on the embezzlement of monies and the scandal with regard to 1MDB and its related companies in order to restore the dignity of the Dewan Rakyat; and that all related information should be made public”.
Read the rest of this entry »

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Will the PAC under Ronald Kiandee produce the most comprehensive, authoritative and up-to-date account on the 1MDB scandal?

The Public Accounts Committee (PAC) of the 14th Parliament has the opportunity to produce the most comprehensive, authoritative and up-to-date account on the 1MDB scandal, which has been described by the US Attorney-General Jeff Sessions as “kleptocracy at its worst” and which landed Malaysia with the international infamy of being regarded worldwide as a global kleptocracy.

It is not the job of the PAC to “resurrect and deconstruct” or even reconstruct the PAC Report on the 1MDB scandal of the 13th Parliament, or to persist in the pretence that the previous PAS Report had “cleared” Datuk Seri Najib Razak of any wrongdoing in the 1MDB scandal.

In fact, if the present PAC is going to do justice to the parliamentary motion in August directing it to “conduct again a detailed investigation on the embezzlement of monies and the scandal with regard to 1MDB and its related companies in order to restore the dignity of the Dewan Rakyat; and that all related information should be made public”, it will have to repudiate the previous PAC Report which was conceived to aid and abet Najib in the world’s “worst kleptocracy” and helped cement the world perception that Malaysia was unrepentant as a global kleptocracy. Read the rest of this entry »

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Has the PAC Chairman Ronald Kiandee misunderstood the intent and purpose of the parliamentary motion directing the PAC to re-open a detailed investigation into the 1MDB scandal?

Has the Public Accounts Committee (PAC) Chairman Datuk Seri Ronald Kiandee misunderstood the intent and purpose of the parliamentary motion last August directing the PAC to re-open a detailed investigation into the 1MDB scandal?

The Parliamentary motion unanimously passed by all MPs last August directed the PAC to “conduct again a detailed investigation on the embezzlement of monies and the scandal with regard to 1MDB and its related companies in order to restore the dignity of the Dewan Rakyat; and that all related information should be made public”.

In his interview with the New Straits Times yesterday, Kiandee said that the PAC will “resurrect and deconstruct” the previously-concluded report on the 1Malaysia Development Bhd (1MDG) scandal that “cleared” former Prime Minister Datuk Seri Najib Razak.

In the first place, the very unsatisfactory PAC report of the 13th Parliament on the 1MDB scandal never “cleared” Najib of any wrongdoing in the 1MDB scandal – a claim which Najib himself had repeatedly asserted before the 14th General Election but could not substantiate. Read the rest of this entry »

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All political parties, individuals and organisations complicit in the 1MDB scandal, like all the BN parties, PAS, Parliament Speaker and media, must repent and redeem themselves for, directly or indirectly, aided and abetted Najib Razak in the monstrous 1MDB scandal

The failure of the UMNO General Assembly on Sunday to adopt a resolution to condemn and sack Datuk Seri Najib Razak from UMNO for the international 1MDB corruption and money-laundering scandal is proof that UMNO and UMNO leaders continue to be complicit in the monstrous 1MDB scandal.

The 1MDB scandal will continue to be an albatross round the neck of UMNO and UMNO leaders.

Malaysians must thank Wanita Umno delegate from Batu Pahat, Masurana Samian, who wore a “MACC lock-up” orange-coloured T-shirt to the UMNO General Assembly on Sunday, as henceforth, UMNO and UMNO leaders are literally garbed in the orange-coloured MACC uniform!

But it is not only UMNO and UMNO leaders who must repent and make amends, all political parties, individuals and organisations complicit in the 1MDB scandal, like all the Barisan Nasional parties including MCA, Gerakan, MIC, the Sabah and Sarawak BN parties, as well as PAS, the Parliament Speaker and the printed and electronic media, who had been complicit in the 1MDB scandal, must repent and redeem themselves for directly or indirectly aiding and abetting Najib Razak in the monstrous 1MDB scandal. Read the rest of this entry »

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Is the question “Who, between Najib and Jho Low, will be the first to betray the other” too hypothetical and far-fetched or is it within the realm of possibility?

Yesterday, I posed the intriguing question, whether between former Malaysian Prime Minister Datuk Sri Najib Razak and 1MDB “wonder crook” Jho Low, who will be the first to betray the other in the 1MDB “worst case of kleptocracy”!

Is this question too hypothetical and far-fetched or is it within the realm of possibility?

I tend to believe the latter, as I do not believe that there is honour between these two thieves.
Read the rest of this entry »

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Najib Razak and Jho Low – Who will betray the other first?

Malaysia had never been more famous or infamous in the world for the past week since the publication of two books on the international 1MDB corruption and money-laundering scandal – all for the wrong reasons.

I squirmed with embarrassment when I found Tom Wright and Bradley Hope’s “The Billion Dollar Whale” prominently displayed in Australian bookshops, whether the airports or in the Australian cities I visited.

I wondered what would have been the reaction of the two 1MDB protagonists, former Malaysian Prime Minister Datuk Seri Najib Razak and the 1MDB “wonder boy”, Penang billionaire Jho Low. Read the rest of this entry »

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Fuzi Harun should step down as IGP if he cannot comply with Interpol protocol to put Jho Low on the Interpol Red Notice List

Although I am far from the country as I am in the Australian capital of Canberra, I am utterly shocked to read of the excuse given by the Inspector-General of Police, Tan Sri Mohamad Fuzi Harun about the police problem complying with Interpol protocol to put the 1MDB mastermind and the No. 1 Malaysian international fugitive from justice, Jho Low, to put him on Interpol Red Notice List.

Fuzi said Interpol has its own protocol in deciding whether to make the names on its wanted list public, when responding to a news report that the names of several Malaysians – including former police officer Sirul Azhar Umar, white collar criminal Michael Soosai and car theft syndicate mastermind Robin Hai – are still on the list, but not that of Jho Low and his father. Read the rest of this entry »

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Why are Jho Low’s lawyers threatening booksellers in Australia, UK and US with legal action if they sell “Billion Dollar Whale” when both Najib and Jho Low are not doing anything to stop the sale of the book or Clare’s “The Sarawak Report” in Malaysia?

Australian newspaper, The Australian, today published a report headlined “Law threat to harpoon Billion Dollar Whale” on efforts by Jho Low through his lawyers to stop the sale of the 1MDB book, “Billion Dollar Whale” by Wall Street Journal reporters Tom Wright and Bradley Hope.

It reported that Low’s local lawyers, Mark O’Brien Legal have written to Australian booksellers threatening to sue for defamation unless they agree not to sell the book and to take a synopsis of the book down from their websites. Read the rest of this entry »

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Is Jho Low’s revamp of his personal website the first blow of a new Najib-Low campaign to limit the damage of the 1MDB scandal by working for the toppling of the Pakatan Harapan government in Putrajaya before 15GE?

News reports that fugitive billionaire Jho Low had overhauled his personal website to focus on rebutting allegations against him in connection with the international 1MDB corruption and money-laundering scandal kept gnawing at me in the five-hour flight from Kuala Lumpur to Perth.

Why had Jho Low, described by two authors of the latest best-selling book on the 1MDB scandal, journalists of Wall Street Journal, Tom Wright and Bradley Hope in their book “Billion Dollar Whale” as “a silver-tongued con man”, made such a belated attempt at self-defence over the 1MDB scandal at such a late stage – five years after Clare Rewcastle Brown started digging up the 1MDB scandal, culminating in another best-seller on the 1MDB scandal, “The Sarawak Report – The Inside Story of the 1MDB Expose”; more than three years after the Wall Street Journal expose of the RM2.6 billion donation in former Prime Minister, Datuk Seri Najib Razak’s personal bank accounts; and more than two years after the US Department of Justice (DoJ) largest kleptocratic litigation to eventually forfeit US$1.7 billion of US$4.5 billion of 1MDB-linked assets transacted through United States financial system? Read the rest of this entry »

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What a pity, Mah should resign over national issues such as protesting the 1MDB scandal and Malaysia becoming a global kleptocracy under Najib’s premiership instead of over any personal matter

What a pity! Datuk Mah Siew Keong should have resigned as Gerakan President over national issues such as protesting the international 1MDB corruption and money-laundering scandal and Malaysia becoming a global kleptocracy under Datuk Seri Najib Razak’s premiership instead of over any personal matter.

If Mah had done the former, he would have the sympathy, support and solidarity of all thinking patriotic Malaysians, as he would be doing something which a patriotic Malaysian should have done long ago, but I am not sure he would gain similar public sympathy, support and solidarity in resigning as Gerakan President for a personal matter.

Mah had resigned as Gerakan President with immediate effect when officiating the 43rd Gerakan Negri Sembilan annual assembly this morning, on the ground that he had promised to do so if the party’s performance in the 14GE was worse than its previous showing.

This is the fundamental problem with Gerakan and Barisan Nasional leaders – they cannot see the wood for the trees.

This is all the more so at a time when two books on the 1MDB scandal had hit the bookstores and no Malaysian can claim that the 1MDB scandal is just “fake news” and part of an international plot by diabolical forces to topple Najib from power!

The two books are Clare Rewcastle Brown’s “The Sarawak Report – The Inside Story of the 1MDB Expose” and Wall Street Journal’s two award-winning journalists Tom Wright and Bradley Hope’s “Billion Dollar Whale”.

As I said in Teluk Intan yesterday when officiating the opening of the DAP Service Centre of the DAP MP and Deputy Speaker of Parliament, Nga Kor Ming and Perak State Assemblyman for Pasir Bedamar Terence Naidu, the more I read the two books, the angrier I became.

I believe that all Malaysian will share my feeling when reading Clare Rewcastle-Brown and Tom Wright/Bradley Hope’s two books on the 1MDB scandal, the more you read and angrier you become, at how tens of billions of Malaysian ringgit and the future of the present and future generations of Malaysians could be so easily and irresponsibly stolen and pawned away!

It is indeed the heist of the rights and interests of future generations of Malaysians!

I thought I had known more than ordinary Malaysians about the criminality and moral turpitude of the 1MDB scandal, but I was completely floored by the scale and scope of the immorality and brazenness of the two protagonists of the 1MDB scandal which transformed Malaysia into a global kleptocracy as revealed by these two books – Najib and Jho Low.

Former US Ambassador to Malaysia, John Mallot, is right – the 1MDB scandal is even worse than what one had thought.

As John Mallot wrote in his recent article on “Billion Dollar Whale”:

“”The authors describe in great and fascinating detail how Jho Low, with Najib’s connivance, was able to steal over US$5 billion from 1MDB – and therefore from the Malaysian people. Jho Low put Malaysia on the map, but for all the wrong reasons.

“”The Najib in this book is incompetent and uncaring and doesn’t care to learn the details – as long as he gets money for his political purposes, and as long as his wife, Rosmah, is happy and gets what she wants. He knew Jho Low was stealing, but he didn’t know how much. As for Rosmah, what mattered most was the millions of dollars worth of Birkin bags and jewellery, funded by money stolen from 1MDB.”

John Mallot rightly pointed out: “The authors talk about Imelda Marcos and the 1,100 pairs of shoes that were found after Ferdinand Marcos was overthrown in the Philippines.

“But even if each pair of shoes was worth US$1,000, that still is only a million dollars. The Malaysian police say that all the ‘loot’ confiscated from the Najib family home and condos added up to US$273 million.”

I said in Teluk Intan yesterday that my conclusion after reading the two books on the 1MDB scandal was “How could the political and government leaders in the Najib government, whether Ministers, Members of Parliament, top government officials or UMNO/MCA/MIC/Gerakan/Barisan Nasional leaders at all levels, from national to state to local, be so blind to the criminality and moral turpitude in the 1MDB scandal committed since 2009”.

Those who claim that the 1MDB is fake news, an elaborate international conspiracy to topple a freely-elected Prime Minister in Malaysia, should just read these two books.

All political and government leaders, whether Ministers, Members of Parliament, top government officials or UMNO/MCA/MIC/Gerakan/Barisan Nasional leaders at all levels, from national to state to local, under Najib’s premiership were guilty of aiding and abetting Najib in the crime and corruption of the 1MDB scandal, and should apologise and repent for their betrayal of the nation and people by their silence and inaction – and the least they should do is to withdraw from public office for they have proved unworthy leaders of the Malaysian people and nation.

Mah’s resignation, without lodging a single protest at the 1MDB scandal and Malaysia’s infamy for being regarded as a global kleptocracy, is a great disservice to Gerakan and himself.

Will there be anybody in the Gerakan leadership who will resign from all public office in repentence and shame in aiding and abetting Najib in the 1MDB corruption and money-laundering scandal resulting in Malaysia becoming a global kleptocracy?

(Media Statement by DAP MP for Iskandar Puteri Lim Kit Siang in Gelang Patah on Sunday, 16 September 2018)

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All Malaysian will share my feeling when reading Clare Rewcastle-Brown and Tom Wright/Bradley Hope’s two books on the 1MDB scandal that the more you read and angrier you become as the 1MDB scandal is even worse than what one had thought

The 14th General Election on May 9, 2018 had not just achieved the peaceful, democratic and historic result of changing the Federal Government for the first time in the nation’s 61-year history, it had changed Malaysia in many ways.

For one, two books this week on the international 1MDB corruption and money-laundering scandal would have been banned in Malaysia and Malaysians would have to get them overseas and smuggle them into country to share the sordid tales of crime and corruption of powerful people in Malaysia!

The two books are Clare Rewcastle Brown’s “The Sarawak Report – The Inside Story of the 1MDB Expose” and Wall Street Journal’s two award-winning journalists Tom Wright and Bradley Hope’s “Billion Dollar Whale”.
Read the rest of this entry »

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MCA, UMNO, BN and even PAS can kiss their future goodbye if their leadership are not prepared to apologise and repent for aiding and abetting Najib in the international 1MDB corruption and money-laundering scandal which transformed Malaysia into a global kleptocracy

MCA Deputy President Datuk Wee Ka Siong said yesterday that the Barisan Nasional can kiss government and political power goodbye if there is a UMNO-PAS hook-up as 141 parliamentary seats (85 in Peninsular Malaysia and 56 in Sabah/Sarawak) out of a total of 222 parliamentary seats in Malaysia have more than 35% voters who are non-Malays and in such a UMNO/PAS hook-up, the non-Malay voters would be driven towards Pakatan Harapan.

Wee is not strictly correct as there are over 20 parliamentary constituencies in Peninsular Malaysia where the predominantly Malay voters exceed 65% and they had elected Pakatan Harapan parliamentarians in the 14th General Election on 9th May 2018.

In any event, Wee have the least political credibility to forecast the future or he would not have entered into an MCA/UMNO/PAS unholy alliance in the recent Balakang and Seri Setia by-elections in Selangor.

I would say that MCA, UMNO, BN and even PAS can kiss their future goodbye if their leadership are not prepared to apologise and repent for aiding and abetting former Prime Minister, Datuk Seri Najib Razak in the international 1MDB corruption and money-laundering scandal which transformed Malaysia into a global kleptocracy! Read the rest of this entry »

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Will Najib have the spend the rest of his life in jail if former El Salvadoran President Elias Antonia Saca gets 10-year prison term for RM1.2 billion graft as Najib’s 1MDB corruption scandal runs into tens fo billions of ringgit

Will the sixth Malaysian Prime Minister, Datuk Seri Najib Razak, have to spend the rest of his life in jail if former El Salvadoran President Elias Antonia Saca gets 10-year prison term for RM1.2 billion graft as Najib’s 1MDB corruption scandal runs into tens fo billions of ringgit!

It was reported today that a court in El Salvador had sentenced former president Saca to ten years in prison for diverting US$301 million (RM1.2 billion) from state coffers during his term and being guilty of the crimes of embezzlement, money, and asset laundering.

Saca’s former private secretary Elmer Charlaix was also sentenced to 10 years in prison for the same crimes, while the Communications Secretary Julio Rank, and the president of the state water company, Cesar Funes, were sentenced to five years in prison.

Saca was tried along with six of his collaborators in the public funds theft case.

In a plea-bargaining deal, the former El Salvador president agreed to having committed crimes of embezzlement, money, and asset laundering, in exchange for the 10-year term. He faced a maximum sentence of 25 years in prison. Read the rest of this entry »

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1MDB chickens coming home to roost – all the way to Bamboo River Resort

What cheek and unrepentant immorality and insolence that former Prime Minister, Datuk Seri Najib Razak could insist that I admit that he had received RM2.6 billion donation from a Saudi Prince, when the best answer to his pathetic effort at documentary exoneration on Monday was made by Wall Street Journal’s (WSJ) award-winning journalists, Tom Wright and Bradley Hope, whose exposes on the 1MDB scandal in their book “Billion Dollar Whale” will hit the Malaysian bookstores next week.

Tom Wright and Bradley Hope took Najib to task for his blog on Monday regarding how he received donations from the Saudi royal family.

Wright and Hope said Najib was not offering anything new with his disclosure of documents pertaining to donations from the Saudi royal family received in 2011.

Wright, via his Twitter account, said investigators around the world have said the bulk of the US$1 billion Najib received came from 1MDB. Read the rest of this entry »

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Singapore’s return to Malaysia of RM46 million stolen from 1MDB powerful reminder that unless MCA and UMNO leaders apologise and repent for aiding and abetting Najib in 1MDB corruption scandal, there is no future for MCA and UMNO

Singapore’s return to Malaysia of RM46 million unlawfully misappropriated from 1MDB and its former subsidiaries should be powerful reminder that the 1MDB global kleptocracy is not going to go away and unless MCA and UMNO leaders apologise and repent for aiding and abetting former Prime Minister Datuk Seri Najib Razak in the 1MDB corruption scandal, there is no future for MCA and UMNO.

Efforts to recover other unlawfully misappropriated assets in the 1MDB scandal are ongoing not only in Singapore, but in many countries, including the United States and Switzerland and will continue to periodically catch international headlines and remind Malaysians of the criminality and moral turpitude of the 1MDB global kleptocracy. Read the rest of this entry »

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Would former MCA and UMNO Ministers in Najib’s Cabinet dare to claim that they are not responsible for Najib’s cover-up of the 1MDB scandal and failure to defend Malaysia’s honour to counter the worldwide infamy of a global kleptocracy?

When I campaigned for Wong Siew Ki, the DAP/Pakatan Harapan candidate for Balakong by-election in Selangor, in Balakong new village and Cheras Batu 11 yesterday, I said among other things that MCA did not qualify for the task of providing a check and balance against Pakatan Harapan as it has no credibility, unless it is prepared to reform and start over by admitting and apologisung for aiding and abetting former Prime Minister, Datuk Seri Najib Razak for the monstrous crime of corruption, like the 1MDB scandal, and condemn Najib over the scandal.

The MCA leadership has replied to my comment but it remained studiously and thunderingly silent about the global scandal of 1MDB.

Why is this so?

Dare the three MCA Ministers and the UMNO/MIC/Gerakan Ministers claim that they are not responsible for Najib’s cover-up of the 1MDB scandal and failure to defend Malaysia’s honour to counter the worldwide infamy of a global kleptocracy? Read the rest of this entry »

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