Archive for category Financial Scandals
One Lim Kit Siang can be suspended from Parliament for six months, but let tens and hundreds of thousands and even millions of Malaysians stand up and declare “I am also Lim Kit Siang” to ask the same question: “Najib, Mana RM2.6 billion?”
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Sunday, 22 November 2015
I thank the DAP in Nibong Tebal for this “Solidarity with Lim Kit Siang and Mana RM2.6 billion?” ceramah and the large crowd tonight despite intermittent rain which shows the nation-wide concern transcending race, religion, region or even politics about government accountability, transparency and good governance – especially over Prime Minister Datuk Seri Najib Razak’s RM2.6 billion “donation” and RM50 billion 1MDB twin mega scandals.
The message central to the nation-wide “Solidarity with Lim Kit Siang & Mana RM2.6 billion?” campaign is to let the Prime Minister know that one Lim Kit Siang can be suspended from Parliament for six months, but tens and hundreds of thousands and even millions of Malaysians will rise up and declare “I am also Lim Kit Siang” to ask the same question: “Najib, Mana RM2.6 billion?”
Leaders of over 20 Asian-Pacific leaders are in South-east Asia for the Asian Pacific Economic Co-operation (APEC) Summit in the Philippines and the ASEAN Summit in Kuala Lumpur to exchange views about the future of the region and the world, but there is one thing that Malaysian Prime Minister Najib has outclassed all the world leaders from the Asia-Pacific region, whether President Xi Jingping of China, President Barack Obama of the United States, Prime Minister Narendra Modi of India, Prime Minister Shinzo Abe of Japan, President Joko Widodo of Indonesia, Prime Minister Malcolm Turnbull of Australia or President Vladimir Putin of Russia.
No other leader in APEC, ASEAN or in the Asia-Pacific region would have RM2.6 billion in his personal banking account, and what is worse, refusing to explain where the RM2.6 billion came from and to whom the RM2.6 billion went to, although Najib claims full commitment to the principles of accountability, transparency and good governance. Read the rest of this entry »
Five ways for Members of Parliament to send a clear and unmistakable message to the world that they do not want to a “cari makan” PAC or a “cari makan” PAC Chairman and to redeem the esteem, integrity, honour and good name of Malaysian Parliament
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Sunday, 22 November 2015
There are five ways for Members of Parliament from both sides of the House to send a clear and unmistakable message to the world that they do not want a “cari makan” Public Accounts Committee or a “cari makan” PAC Chairman and to redeem the esteem, integrity, honour and good name of Malaysian Parliament.
Without these five measures, Members of Parliament from Malaysia will be the butt of jokes at international conferences as “cari makan” MPs – whether at Commonwealth Parliamentary Association (CPA) conferences, International Parliamentary Union (IPU) gatherings or other international meetings, whether directly in their face or from their backs.
These five measures are:
1. Sack Datuk Hasan Arifin as PAC Chairman if Hasan does not have the humility and good sense to realise that he had committed an inexcusable and unpardonable parliamentary sin when he said that he had to “cari makan” as the reason why the PAC will not summon Prime Minister Datuk Seri Najib Razak to its 1MDB investigations, and compounding his egregrious mistake by blaming the media for it instead of apologizing and owning up to his faux pax. This is a classic example of a public office holder mistaking his personal idiosyncrasy as a public imperative, the start on the road of corruption of public responsibilities for personal or private gain. Read the rest of this entry »
Malaysian Parliament should not make world Parliament history by producing the first PAC Chairman with a Press Conference-phobia when his KPI should be to uphold government financial accountability and integrity starting with the RM2.6 billion “donation” and RM50 billion 1MDB twin mega scandals
Posted by Kit in Financial Scandals, Parliament on Friday, 20 November 2015
The Malaysian Parliament should not make world Parliamentary history by producing the first Public Accounts Committee (PAC) Chairman in the world with a press conference-phobia, when his KPI should be to uphold government financial accountability and integrity starting with the RM2.6 billion “donation” and RM50 billion 1MDB twin mega scandals.
In his first month as PAC Chairman, Datuk Hasan Arifin (who was elected Member of Parliament only in May in the Rompin by-election) has also already carved out a place for himself in the Malaysian Parliamentary pantheon of well-known personalities, though not in any laudatory sense.
How can Hasan discharge his principal role as PAC Chairman to uphold government financial accountability and integrity when he is afraid of the press, to the extent that he has declared a total ban on press conferences.
Hasan has already given a rather knavish connotation to his position as PAC Chairman when he disarmingly admitted that the Prime Minister, Datuk Seri Najib Razak would not be called as a witness to the PAC as he himself has to “cari makan”, but which he subsequently aggravated trying to deny he had made such remarks although it was captured on videotape by several journalists. Read the rest of this entry »
Honour requires Hasan to resign as PAC Chairman for his obnoxious “cari makan” remark or he should be referred to the Committee of Privileges to determine whether his “cari makan” remark had brought shame, disrepute and dishonour to PAC and Parliament
Posted by Kit in Auditor-General Report, Financial Scandals, Najib Razak, Parliament on Thursday, 19 November 2015
Honour requires Datuk Hasan Arifin to resign as Public Accounts Committee (PAC) Chairman for his obnoxious “cari makan” remark or he should be referred to the Committee of Privileges to determine whether his “cari makan” remark had brought shame, disrepute and dishonour to PAC and Parliament, and therefore a gross breach of parliamentary privilege.
Compounding his egregious breach of parliamentary privilege, Hasan has added insult to injury by resorting to the final ruse of a desperate and dishonest politician – blaming the media for reporting what he had actually said.
Hasan messed up a very bad situation with his subsequent clarification attempting to do the impossible – to deny and to admit with qualification, one at the same time, which is an impossible job of trying to square the circle!
On the one hand, Hasan denied the quip when he claimed that he literally meant ‘looking for food’ when he uttered, ‘Saya pun cari makan’.
But in the same breath, he admitted the quip but tried to excuse himself with extenuating circumstances, blaming the reporters as unethical in undermining his reputation as PAC Chairman and a politician in publishing his quip as he had informed the media that it should not be reported as it was “just a joke”.
Further admitting that he had actually made the offensive remark, Hasan said it was off the record as it was made in jest with the intention to be friendly with the media, for whom he provided lunch. Read the rest of this entry »
Malaysia’s Lost Decade
Posted by Kit in Financial Scandals, Najib Razak on Tuesday, 17 November 2015
By WILLIAM PESEK
Barron’s Asia
November 17, 2015
The 1MDB scandal is a microcosm of what ails Malaysia. Prime Minister Najib Razak need only look in the mirror to find the culprit for its woes.
Najib Razak, Malaysia’s prime minister, attends prayers at the National Mosque in Kuala Lumpur, Malaysia. Photographer: Goh Seng Chong/Bloomberg
For journalists who love politicians who say wacky things, Mahathir Mohamad is the gift that keeps on giving. As the world mourned the dead in Paris over the weekend, the one-time Malaysian prime minister couldn’t help but share his latest nutty theory: blame Israel, not ISIS.
Students of the 1997 Asian crisis will recall Mahathir’s rants against George Soros and a shadowy cabal of Jews crashing Malaysia’s currency. His latest controversial comments are a reminder 18 years later of the challenges Malaysia faces marketing itself in a globalized age. Don’t take my word for it –- ask the brother of the latest leader tarnishing the national brand, current Prime Minister Najib Razak. Read the rest of this entry »
Husni’s answer yesterday a “washout” and total disgrace, further proof that Najib government has more to hide than reveal and account about the RM2.6 billion “donation” and RM50 billion 1MDB twin mega-scandals
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Tuesday, 17 November 2015
Second Finance Minister Datuk Seri Ahmad Husni Mohamad Hanazlah had the unenviable task of standing in for the Prime Minister-cum-Finance Minister, Datuk Seri Najib Razak in the final winding-up of the 2016 Budget, although Najib who had already returned from Turkey and was in Parliament for the voting, could have handled the winding-up personally.
But what is the use of having a Second Finance Minister if one is unable to send him like a Roman gladiator into the Coliseum of ancient times to fight the lions.
Husni’s answer on the twin mega scandals was a “washout” and total disgrace, further proof that Najib government has more to hide than to reveal and account about the RM2.6 billion “donation” and RM50 billion 1MDB twin mega scandals.
Husni should have had an easy job with the 1MDB explanation in Parliament, not only because he is undoubtedly the most knowledgeable Minister on 1MDB after he was appointed as the Cabinet spokesman for 1MDB for two months in mid-year forcing him to try “master” the intricacies and complexities of the 1MDB scandal – but also because the 1MDB CEO Arul Kanda Kandasamy should have prepared the stage for him with Arul’s “virtuoso” explanation of the 1MDB to 2,000 UMNO divisional leaders, representatives from UMNO-compliant NGOs and government agencies at the Putra World Trade Centre (PWTC) on Saturday.
But Husni was wise not to try to repeat Arul’s “cop-out” performance as with “hawkish” MPs in Parliament, like DAP MP for PJ Utara Tony Pua and PKR MP for Pandan Rafizi Ramli, he would not get away unscathed if he had repeated Arul’s stunts in Parliament yesterday.
As a result, MPs and the nation were none the wiser about the RM2.6 billion “donation” and RM50 billion 1MDB twin mega-scandals despite another budget debate in Parliament – the sixth in the history of the 1MDB scandal since 2009! Read the rest of this entry »
1MDB May Have Violated US Election Laws
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Monday, 16 November 2015
Asia Sentinel
November 16, 2015
Some of the money shoveled into US consultancy may have ended up in US political campaigns
Records compiled by the Sarawak Report, the UK-based news site run by Clare Rewcastle Brown, indicate that the state-backed 1Malaysia Development Bhd. investment fund may have violated US Federal Election Law by channeling money to a well-connected US lobbying firm, which subsequently poured money into the 2014 electoral campaigns of at least seven Democrats.
The vehicle was DuSable Capital Management, incorporated in Delaware, which features some of the US’s weakest corporate registration laws, on May 9, 2013. DuSable was the brainchild of Frank White Jr., the National vice-chairman of President Obama’s 2012 re-election campaign and co-chair for the president’s 2013 Inauguration Committee, and Shomik Dutta, a former hedge fund executive and fellow political campaigner. In effect, White was formerly the president’s chief fundraiser after having sold his own IT support company to go into political campaigning.
DuSable registered as a foreign agent for the government of Malaysia five months later, on Sept. 9 with its sole registered client 1MDB and the government of Malaysia. Read the rest of this entry »
Serially late – 1MDB’s tale of missed deadlines
Posted by Kit in Financial Scandals on Monday, 16 November 2015
Anil Netto
Aliran
15 Nov 2015
If you are late for school but if you have a good reason, you may be excused.
But if you are habitually late, say, more than three times in a short space time, then your excuses may wear a little thin. You could end up in detention class or whatever they call it these days. In earlier days, it could even have meant the rotan!
According to the Companies Commission of Malaysia, a “company’s financial statement need (sic) to be tabled (at the AGM) within six months after financial year ended.”
And then, Section 165 of the Companies Act 1965 requires all companies to lodge the annual return (which includes the financial statements and the auditor’s report) within one month of the AGM.
Of course, the company can apply for an extension under Section 143(2) and/or section 169(2) of the Act if it has a special reason for not holding the AGM in time. The registrar will then have to assess if the reason is valid.
One experienced company secretary told me, “The registrar is now very strict about these deadlines.”
So, what happens if a firm is habitually late? What happens if it misses the usual deadline for tabling or submission of accounts, not once but five times?
Let’s take a look at a company which has been very much in the news. Read the rest of this entry »
If Arul can so easily explain away the RM50 billion 1MDB scandal at the UMNO briefing on Saturday, are Cabinet Ministers so intellectually-challenged that none of them could explain it to Parliament for the past month?
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Monday, 16 November 2015
In the past two days, the UMNO/BN owned or controlled media and their legion of cybertroopers have been carrying glowing reports about what a superb performance the 1MDB CEO Arul Kanda Kandasamy gave at the briefing for UMNO divisional leaders at the Putra World Trade Centre (PWTC) on Saturday about the 1MDB scandal, and that the participants, which included representatives from NGOs and government agencies, were satisfied with Arul’s explanations which gave “a better picture of the real situation”.
The immediate question that comes to mind is whether the Cabinet of Prime Minister Datuk Seri Najib Razak is so intellectually-challenged that none of the Ministers could explain the intricacies and complexities of the 1MDB scandal to Parliament for the past month, when Arul could so easily explain away the RM50 billion 1MDB scandal at the UMNO briefing to its divisional leaders and pliable NGOs at PWTC last Saturday – as if Arul is such a superb performer that he is capable of getting birds to eat food from his hands?
Nobody disputes that Najib’s Ministers are intellectually-challenged – otherwise why did a former Prime Minister and a former Finance Minister agreed in unison that the present batch of Ministers are “half-past six” or “deadwood”, but surely they are not so intellectually challenged that they could not do what Arul did so easily!
Arul did put up a virtuoso performance last Saturday, but not as a solid management expert explaining how a government company had landed up with over RM50 billion debts (a figure quoted by Tan Sri Muhyiddin Yassin his last speech as Deputy Prime Minister which Arul, Najib and all Ministers have studiously avoided reference in the past four months), but as a conjurer trying to put up the most convincing illusion tricks like “rabbit disappearing” or “bird flying out of empty hat” in a magician’s repertoire. Read the rest of this entry »
Why has Husni disappeared from the radar after two months as Cabinet spokesman for 1MDB, destroying his credibility and integrity which he had painstakingly built up for over two decades?
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Saturday, 14 November 2015
Yesterday, 1MDB was the top issue at Bank Negara’s third-quarter economic briefing where Bank Negara Governor Tan Sri Zeti Akhtar Aziz was asked whether the central bank had made any mistake in the investigation on 1MDB’s investment abroad.
When Zeti replied with an emphatic “No”, it must have deepened the question on everybody’s mind why in his first wide-ranging press interview, where the new Attorney-General Tan Sri Mohamed Apandi Ali talked on a wide variety of subjects including why the sedition charge against Tinju Ali was dropped and the unfettered exercise of his discretionary powers as Public Prosecutor, he failed to explain the reasons why he rejected Bank Negara’s recommendations for prosecution against 1MDB for violation of financial laws.
This morning, there was an overwhelming crowd at the briefing for UMNO divisional leaders at the Putra World Trade Centre (PWTC) where 1MDB CEO Arul Kanda Kandasamy proved to be a greater crowd-puller on the subject of 1MDB than UMNO heavyweights scheduled to speak for the day, like Minister for International Trade and Industry, Datuk Seri Mustapha Mohamad on the Transpacific Partnership Agreement and the Second Finance Minister Datuk Seri Ahmad Husni Mohamad Hanazlah on the 2016 Budget.
In fact, the crowd-puller today should have been Husni as at the Cabinet meeting in the last week of May, Husni was appointed the Cabinet spokesman for 1MDB, but he disappeared from the public scene as Cabinet spokeman on the 1MDB after two months. Read the rest of this entry »
Najib will have to resign as Prime Minister if the 47 Barisan Nasional Members of Parliament (22 from Sabah and 25 from Sarawak) vote down the 2016 Budget in Parliament on Monday on 16th November 2015
Posted by Kit in Financial Scandals, Najib Razak, Pakatan Harapan, Parliament, Sabah, Sarawak on Tuesday, 10 November 2015
Will the Prime Minister, Datuk Seri Najib Razak be toppled on Monday, 16th November 2015 when the 2016 Budget is put to a vote in Parliament?
Pakatan Harapan Members of Parliament from DAP, PKR and Parti Amanah Negara total 72, but there are only 71 votes as I have been suspended from Parliament for six months (i.e. until the end of April).
To have an absolute simple majority of 112 Members of Parliament to defeat the UMNO/BN government in Parliament, at least 42 UMNO/BN Members of Parliament have to cross the floor to support the 71 Pakatan Harapan Members of Parliment, as PAS has announced that it will not support any effort to reject Najib’s 2016 Budget.
It is a very tall order indeed to expect some 40 UMNO/BN Members of Parliament to join Pakatan Harapan Members of Parliament to reject Najib’s 2016 Budget.
There are 47 Barisan Nasional Members of Parliament in Sabah and Sarawak – 22 from Sabah and 25 from Sarawak.
If all the 47 BN Members of Parliament from Sabah and Sarawak reject Najib’s 2016 Budget next Monday, that will be Najib’s last day as the sixth Prime Minister of Malaysia. Read the rest of this entry »
Five factors why Najib cannot shift responsibility for the country’s woes to external causes – twin mega scandals and prolonged crisis of confidence in Najib premiership
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Sunday, 8 November 2015
Yesterday, the Prime Minister, Datuk Seri Najib Razak told the Malay Contractors Association that blame should not be placed entirely on the government for what is happening in the country right now, especially with the weakening ringgit, as the main factors causing this are external and out of the government’s control.
I do not think Najib would find much sympathy or support for his attempt to “pass the buck” and blame external factors for the country’s woes.
Najib is guilty of serious denial syndrome in refusing to accept that while the falling oil prices have a huge impact on the depreciation of the Malaysian ringgit, the prolonged crisis of confidence and the political turmoils in the country have been major factors undermining the economy.
Let me outline five factors why Najib cannot shirk or shake responsibility for the country’s present prolonged woes: Read the rest of this entry »
Just as Deepavali celebrates eternal battle and victory of light over darkness, the darkness of the RM2.6 billion “donation” and RM50 billion 1MDB twin mega scandals must be exposed by the light of integrity, transparency and good governance
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Sunday, 8 November 2015
Deepavali celebrates the triumph of light over darkness, of truth and justice over falsehood and oppression.
The course of human history is replete with examples in different countries and civilisations of the hard and difficult battles fought by righteous men and women down the ages to uphold truth and justice against injustice, falsehoods and oppression and how eventually, light prevailed over darkness.
We must always be mindful that the darkest hour is just before dawn!
For me, the Deepavali this year will be quite out of the ordinary, for I have been suspended from Parliament for six months not because I had committed any crime but because I was speaking what was in the hearts and minds of ordinary Malaysians in Parliament – that the three-month derailment of the Public Accounts Committee in its investigations into the RM2.6 billion “donation” and RM50 billion 1MDB twin mega scandals was wrong and unacceptable and that the Parliament Speaker, Tan Sri Pandikar Amin Mulia had no such powers to stop the PAC from continuing with its 1MDB investigations for three months. Read the rest of this entry »
Penang’s “Solidarity with Lim Kit Siang – Mana RM2.6 billion” (photos)
Posted by Kit in DAP, Financial Scandals, Najib Razak, Penang on Friday, 6 November 2015
Its not just me, suspended from Parliament for six months, but the 30 million Malaysians including the three million UMNO members, who are victims of RM2.6 billion “donation” scandal
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Friday, 6 November 2015
I thank Penang DAP under the chairmanship of Sdr. Chow Kon Yeow for organising this “Solidarity with Lim Kit Siang and Where have RM2.6 billion gone?” ceramah, and the participation of the Penang Chief Minister, Lim Guan Eng, the head of Pakatan Harapan secretariat, Datuk Saifuddin Abdullah, Parti Amanah Negara Deputy Chairman Mujahid Yusuf Rawa, Nobel Laureate Pak Samad, DAP Members of Parliament Zairil Khir Johari and Ram Karpal Singh.
I am a victim of the RM50 billion 1MDB and RM2.6 billion “donation” twin mega scandals which have wrought such economic and political devastation in the country.
But I am not the only one. In fact, the 30 million Malaysians, including the three million UMNO members, are also victims of the twin mega scandals of the country, for we are suffer from their damaging consequences, like the fall in the value of the Malaysian ringgit, the collapse of the Malaysian stock market, the plunge in international reserves, the exit of foreign capital and our inability to sell Malaysia to foreign investors as a haven for foreign investment. Read the rest of this entry »
Call on Najib not to condone Azalina’s unparliamentary schedule but to be in Parliament on Nov. 16 to give full accountability on the 1MDB and RM2.6 billion “donation” twin mega scandals
Posted by Kit in Corruption, Financial Scandals, Najib Razak, Parliament on Friday, 6 November 2015
When Parliament resumes on Monday November 16 after the Deepavali holidays, it will be the last day of three-day Ministerial winding-up of the debate on the 2016 Budget.
Will the Prime Minister cum Finance Minister Datuk Seri Najib Razak appear in person to wind up the debate and answer the various pertinent issues raised by Members of Parliament from both sides of the House in the six-day debate by the parliamentary backbenchers or will Najib again play truant from Parliament?
The new Minister for the Prime Minister’s Department, Datuk Azalina Othman Said has already set the stage for Najib to play truant from Parliament on Nov. 16, when she told the media yesterday that the government would reply on the controversial RM2.6 billion “donation” that went into Najib’s personal bank accounts on the last day of the 25-day budget meeting on Dec. 3, although she could not yet say whether it would be Najib or another Minister who would be nominated to do the answering.
This is the height of contempt of Parliament, treating Parliament like a classroom of recalcitrant students, with the Speaker given the role of a mere school principal but the Prime Minister like the education supervisor whose word and action is law!
Azalina who is Minister in the PM’s Department in charge of parliamentary affairs should understand the doctrine of separation of powers in a parliamentary democracy and the principle of parliamentary control of the Executive where the Prime Minister must also comply with the Parliamentary tradition, conventions, procedures and practices and cannot act as he likes in Parliament. Read the rest of this entry »
With protracted and inordinate delays in PAC investigations on 1MDB, would’nt Parliament’s credibility and integrity be undermined if there is no PAC report on 1MDB when Dewan Rakyat adjourns on Dec 3?
Posted by Kit in DAP, Financial Scandals, Parliament on Thursday, 5 November 2015
Parliamentary and national attention had been focused in the past few days on the debate between DAP PJ Utara MP and Public Accounts Committee (PAC) member Tony Pua and the 1MDB CEO Arul Kanda Kandasamy on the RM50 billion 1MDB scandal and the threat by the Speaker, Tan Sri Padikar Amin Mulia’s of resignation by Monday if the debate is held and televised live by RTM tomorrow on Friday.
Pandikar defended his ruling on the ground that he is upholding the integrity of Parliament.
Wouldn’t Parliament’s credibility and integrity suffer greater damage if there is protracted and inordinate delays in PAC investigations into the 1MDB scandal, particularly if there is no PAC report on the 1MDB scandal when the current meeting of the Dewan Rakyat ends on December 3?
Pandikar asked what was wrong for the proposed debate to be conducted after the PAC had submitted its report to Parliament?
There is nothing wrong, but it would be academic. Read the rest of this entry »
Song on missing 2.6 billion goes viral
Posted by Kit in Financial Scandals, Najib Razak on Thursday, 5 November 2015
Malaysiakini
5th November 2015
Netizens may be venting their anger over the unresolved issue of RM2.6 billion in Prime Minister Najib Abdul Razak’s personal bank accounts, but singer Amirudin Hizadin has instead chosen to express his concern through music.
His sombre song, which describes the RM2.6 billion as “missing stars” that has made his world dark, has quickly gone viral after less than half a day in the cyberspace.
The Malay music video titled ‘Mana Hilang 2.6 Bintang’ (Where have the 2.6 stars disappeared) uploaded on Facebook garnered over 80,000 views with more than 3,300 shares at writing time.
In the lyrics, Amirudin reminisced about the likelihood if he had not come to Kuala Lumpur as he thought about the hardships. Read the rest of this entry »
Why Malaysia may have hit bottom
Posted by Kit in Finance, Financial Scandals, Najib Razak on Wednesday, 4 November 2015
Leslie Shaffer
CNBC.com
4th November 2015
Malaysia’s hard-hit stock market is getting a less-than-ringing endorsement with one of the world’s leading lenders telling investors that things aren’t likely to get any worse.
“There have been numerous globally attention-grabbing headlines on Malaysia this year, which we believe have increased political uncertainty and risk in investing in Malaysia,” analysts at Deutsche Bank said in a note Monday.
“However, going forward, we do not expect this to increase.” Read the rest of this entry »
If Arul Kanda cannot testify before the PAC investigations on 1MDB, will Najib appear before PAC to testify on 1MDB’s behalf as everybody knows that an investigation into 1MDB is in fact an investigation into Najib?
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Wednesday, 4 November 2015
Yesterday was a double whammy for the long, difficult and windy mission to establish accountability and transparency for the 1MDB and RM2.6 billion “donation” twin mega-scandals afflicting the country.
There was firstly the morning episode where Parliament was reduced to a theatre of the absurd – with Parliament Speaker Tan Sri Pandikar Amin Mulia ruling that DAP PJ Utara Member of Parliament Tony Pua should either resign from the Public Accounts Committee or abstain from the committee’s probe on 1MDB if he wants to debate with 1MDB CEO, Arul Kanda and that Arul can no longer be a witness in the PAC probe if the debate goes on.
The Speaker’s ruling was quickly followed up with the announcement by the PAC Chairman Datuk Hasan Arifin’s ruling that Pua must cease and desist from making any statements on 1MDB, whether in Parliament or outside!
It is no surprise that the following comment was one of the public reactions to all these parliamentary calisthenics over the 1MDB and RM2.6 billion “donation” twin mega-scandals:
“I was wondering why Arul was so quick to drop his condition. Now I know. He has someone else to impose the condition for him.” Read the rest of this entry »
-
You are currently browsing the archives for the Financial Scandals category.
