Archive for category Financial Scandals
Is Najib giving an undertaking to nation that he and all his Ministers will resign and retire from politics if the 1MDB scandal and all-related 1MDB issues are not resolved by the end of the year?
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Monday, 15 June 2015
It has been reported that the Prime Minister, Datuk Seri Najib Razak, has given his assurance to some 1,000 Umno divisional leaders and selected representatives of NGOs yesterday that the controversy surrounding the state investment arm 1Malaysia Development Bhd (1MDB) will be resolved by year-end.
This is indeed good news, but instead of broadcasting from the rooftops, the Prime Minister seems to be very coy about it, and Datuk Seri Najib Razak not only made it at a closed-door function but the report was not an announcement from the horse’s mouth but in the form of a leaked version by one or two persons who attended Najib’s special briefing on the RM42 billion 1MDB scandal – which would allow for a subsequent denial of its veracity.
Yesterday I asked why Najib, as the final approving authority for all 1MDB decisions, in law and in fact, was prepared to brief UMNO division leaders and selected NGO representatives but not in Parliament on the 1MDB controversy.
Malaysians are still waiting for Najib’s answer. Read the rest of this entry »
Why is Najib, as final approving authority for 1MDB, in law and in fact, prepared to brief UMNO division representatives but not Parliament on 1MDB controversy?
Posted by Kit in Financial Scandals, Najib Razak, Parliament, UMNO on Sunday, 14 June 2015
The Sunday Star reported that the Prime Minister, Datuk Seri Najib Razak will brief UMNO division information chiefs today on the 1MDB controversy as he steps up efforts to counter mounting attacks against him on the issue.
The question that immediately comes to mind is why Najib, who is the final approving authority for all 1MDB decisions, in law and in fact, prepared to brief UMNO division representatives but not Parliament on the 1MDB controversy?
Najib is the final approving authority for all 1MDB decisions in law and in fact because Najib is responsible in law as 1MDB is a government company and as the Prime Minister as well as Finance Minister he must accept full and final responsibility for all of 1MDB actions although he may not be responsible for its day-to-day operations; and responsible in fact, because under Clause 117 of the 1MDB Memorandum and Articles of Association Agreement (M&A), the Prime Minister must give his written approval for any of 1MDB deals, including the firm’s investments or any bid for restructuring. Read the rest of this entry »
Najib should go on leave as Prime Minister and Finance Minister to allow for a full-fledged investigation into 1MDB by RCI and return to office after he has been cleared of any wrongdoing in the RM42 billion 1MDB scandal
Posted by Kit in Financial Scandals, Good Governance, Najib Razak on Friday, 12 June 2015
The Prime Minister, Datuk Seri Najib Razak should go on leave as Prime Minister and Finance Minister to allow for a full-fledged investigation into the 1MDB by a Royal Commission of Inquiry and return to office after he has been cleared of any wrongdoing in the RM42 billion 1MDB scandal.
There is no need for Najib to resign as Prime Minister, as proposed by former Prime Minister, Tun Mahathir that Najib must first resign as Prime Minister to allow full investigation into the 1MDB finances, and that Najib can come back as Prime Minister to lead the Barisan Nasional in the next election “if no crime can be detected and all the money is returned”.
I agree with Mahathir that so long as Najib is still exercising the office and powers of Prime Minister, no proper investigation can be made.
Mahathir should know as during his 22 years as Prime Minister, there could be no proper investigation into the string of financial scandals estimated to cost the country over RM100 billion under his premiership, simply because Mahathir was during this period the Prime Minister of the day.
I do not think it is necessary for Najib to resign as Prime Minister, as taking extended leave would suffice. Read the rest of this entry »
Nothing to hide — Dr M is now the actual PM of Malaysia!
Posted by Kit in Financial Scandals, Mahathir, Martin Jalleh, Najib Razak on Monday, 8 June 2015
By Martin Jalleh
Pandikar should agree to an urgent motion in Parliament to allow televised PAC hearings on 1MDB scandal as a first step to parliamentary reforms in Malaysia
Posted by Kit in Financial Scandals, Parliament on Sunday, 7 June 2015
Members of Parliament from both sides of the House are in full support of the Speaker, Tan Sri Pandikar Aman Mulia to push for parliamentary reforms to eradicate Parliament’s negative image of “rubber stamp” of the Executive and to ensure separation of powers is in place.
The Speaker should not wait until next year to test out whether proposals for parliamentary reforms could be accepted and implemented by the Executive, as parliamentary reforms which meet immediate public needs should be carried out without any delay.
One such immediate parliamentary reform is for the Public Accounts Committee hearing particularly on the biggest scandal in the country – the RM42 billion 1MDB scandal – to be held in public and to bde televised live, as is the position of Dewan Rakyat proceedings. Read the rest of this entry »
Stop all pretences – Najib should exorcise the haunting presence of Jho Low in the 1MDB scandal by giving a full account to Parliament of the latter’s role and influence in the nation’s biggest financial scandal
Posted by Kit in Financial Scandals, Najib Razak on Sunday, 7 June 2015
In his TV1 interview on “1MDB – Where is the money?” on Wednesday night, which failed to answer the subject of the topic but piqued greater public interest and concern about the whereabouts of the 1MDB billions, the second Finance Minister Datuk Seri Ahmad Husni Hanadzlah coyly avoided giving answers on Jho Low and his involvement in the debt-ridden 1MDB, asking “What’s the point of glamorising his name?”
Husni should know that he is incapable of adding to Jho Low’s glamour, as the Penang-born businessman has achieved what the second Finance Minister is incapable of – being the top attraction of a five-part feature by New York Times in February on the influx of global money which had fuelled the American city’s high-end real estate boom. And this is without mention of Jho Low’s life in the high society of the West.
The issue at hand is not about Jho Low’s glamour but the government’s accountability and transparency in the RM42 billion 1MDB scandal, particularly about Jho Low’s role and influence.
Until recently, the Cabinet, Parliament and nation were kept in the dark about the most important facet of the 1MDB scandal – that the Prime Minister, Datuk Seri Najib Razak had right from the beginning of the establishment of 1MDB in 2009 been the final approving authority for all 1MBD deals, transactions and investments, which means that the Save 1MDB Roadmap passed by the Cabinet on May 29 was really a Save Najib Roadmap!
Another important facet of the 1MDB scandal was Jho Low’s role and influence not only in the creation of the 1MDB, but its ballooning in six years to pile up a debt of RM42 billion. Read the rest of this entry »
Najib’s “Nothing2Hide” forum has infamously boomeranged into a Public Relations disaster and its time the Prime Minister have a “tell all” session in Parliament to demonstrate that he has really nothing to hide in the RM42 billion 1MDB scandal
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Saturday, 6 June 2015
Prime Minister Datuk Seri Najib Razak’s “Nothing2Hide” forum scheduled this morning has infamously boomeranged into a Public Relations disaster and its time the Prime Minister have a “tell all” session in Parliament to demonstrate that he has really nothing to hide in the RM42 billion scandal.
Never before in the nation’s history has the Prime Minister become the butt of national jokes, to the extent that Najib’s failure to show up at the 1MDB “Nothing2Hide” forum this morning has become an instant and foremost national news, overshadowing all other developments in the country, including the worst earthquake which hit Ranau and Mount Kinabalu areas this morning and the PAS Muktamar in Kuala Selangor.
In one fell swoop, the painstakingly-orchestrated and highly-funded campaign to present Najib as the most popular Prime Minister in the nation’s history, and in the process, to claim that he has popular endorsement for his controversial handling of the RM42 billion 1MBD scandal, has been destroyed by the farce of Najib’s “no show” on the grounds of the Inspector-General of Police, Tan Sri Khalid Abu Bakar’s tweet directive to cancel the forum – after it was known to all that former Prime Minister Tun Mahathir would be at the forum.
It does not speak well for Najib’s “Bugis warrior spirit” or the Royal Malaysian Police’s prowess and professionalism that it could not ensure order and security in an indoor dialogue involving some 1,500 people. Read the rest of this entry »
Will Najib sack Khalid as IGP for gross incompetence and lack of professionalism where police could not maintain order, security and national harmony in an indoor dialogue involving 1,500 people in the very sanctum of UMNO headquarters?
Posted by Kit in Financial Scandals, Najib Razak, Parliament, Police on Friday, 5 June 2015
In one fell swoop, the painstakingly-orchestrated and highly-funded campaign to present Datuk Seri Najib Razak as the most popular Prime Minister in the nation’s history, and in the process, to claim that he has popular endorsement for his controversial handling of the RM42 billion 1MBD scandal, collapsed as a result of the misjudgment over the 1MBD “Nothing2Hide” Forum at the UMNO sanctum at Putra World Trade Centre this morning.
Despite his boast of “Bugis warrior spirit”, Najib developed cold feet at the last minute and dared not show up at the forum when it was confirmed that his 1MDB critics, especially former Prime Minister Tun Dr. Mahathir, would show up for a “high noon” encounter with him.
What is most reprehensible is Najib’s roping in the police, and the preparedness of the Inspector-General of Police, Tan Sri Khalid Abu Bakar to “play ball” by tweeting a police order to cancel the 1MDB “Nothing2Hide” forum on the grounds of public order and national harmony.
Something is really very amiss with the Royal Malaysian Police when it cannot even maintain order, security and national harmony in an indoor forum attended by some 1,500 people in the very sanctum of UMNO headquarters! Read the rest of this entry »
Najib should present Ministerial statement in Parliament on Monday how as final approving authority, he had allowed 1MDB scandal to balloon into a RM42 billion scandal in six years
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Friday, 5 June 2015
Now that it has been established beyond a shadow of doubt, with the Second Finance Minister, Datuk Seri Husni Hanadzlah finally admitting publicly in his TV1 interview on the 1MDB on Wednesday night that the Prime Minister, Datuk Seri Najib Razak is the final approving authority for 1MDB deals, investments and transactions, Najib should present a Ministerial statement in Parliament on Monday to explain how he had allowed the 1MDB scandal to balloon into a RM42 billion scandal in six years.
Among the issues Najib should explain in his Ministerial statement on 1MDB to Parliament are the following nine items: Read the rest of this entry »
Now that the government has finally admitted that the PM is the final approving authority for 1MDB transactions, are Cabinet meetings in March and May on 1MDB chaired by Najib valid, proper and legal because of conflict of interest?
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Thursday, 4 June 2015
For the first time in six years, the government, through the Second Finance Minister, Datuk Seri Husni Hanadzlah in his TV1 interview on “1MDB: Di mana wangnya?” last night, has finally admitted that Datuk Seri Najib Razak as the Prime Minister is the final approving authority for 1MDB deals, investments and transactions.
Husni said the Prime Minister represents the Government, which is why his written approval is needed for any financial deal undertaken by the 1Malaysian Development Bhd (1MDB).
This is a very lame and poor excuse, for by this reasoning, there must be umpteenth government companies which have the same provision as 1MBD which provides under Clause 117 of its Memorandum and Articles of Association (M&A) that the Prime Minister must give his written approval for any 1MHD deals, including the firm’s investments or any bid for restructuring.
If the Prime Minister has to give his “written approval” for the deals of umpteenth government companies, he would have little time to be Prime Minister proper.
As far as I know, 1MDP is the first case where the Prime Minister’s “written authority” is needed for any financial deal undertaken by a government company. I understand there is a second such case of a government company with such a provision which also happened under Najib’s tenure as Prime Minister.
I am prepared to stand corrected, but can Husni, who seems to be relishing his role in a new bout of transparency of the Najib government, clarify this matter and if I am right, explain this phenomenon as well as identify the second company which has this 1MDB Clause 117 provision requiring the Prime Minister’s “written consent” before any deal or restructuring before the country is landed with another major financial scandal. Read the rest of this entry »
10 Questions on 1MDB for dummies for Cabinet Ministers at their meeting today
Posted by Kit in Financial Scandals, Najib Razak on Wednesday, 3 June 2015
Bravado is no answer to the mountain of queries by Malaysians as to why Cabinet Ministers had not raised questions about the propriety, accountability and transparency of the various deals in the RM42 billion 1MDB scandal at the last Cabinet meeting on Friday.
“Do you think Nazri can be threatened?” is sheer bravado and does not answer the question why Ministers, according the Minister for Tourism and Culture, Datuk Seri Nazri Aziz himself, were satisfied and happy with the second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah’s explanation on the 1MDB Roadmap and that no minister, including the Rural and Regional Development Minister Datuk Seri Shafie Apdal, voiced any objection at last Friday’s Cabinet meeting – when it is obvious that any ordinary person cannot be happy with Husni’s explanation of the 1MDB Roadmap.
Either the Ministers were living in a different planet and did not know the almost daily queries about the RM42 billion 1MDB scandal or they just buried their heads in the sand like ostriches to shut out the mountain of 1MDB queries for the past few years.
The Ministers will be guilty of the height of irresponsibility and negligence if they had given approval to the 1MDB Roadmap without understanding the issues of propriety, accountability and transparency of the numerous deals in the 1MDB imbroglio, out of fear of stepping on the toes of Datuk Seri Najib Razak Prime Minister-cum-Finance Minister.
The Ministers must make amends for their gross sins of irresponsibility and negligence on the 1MDB Roadmap at the Cabinet meeting this morning, and the following ten questions on the 1MDB for dummies should be among the questions which Ministers should pose on the 1MDB Roadmap at today’s Cabinet: Read the rest of this entry »
Ministers should redeem themselves at their meeting tomorrow to prove that Cabinet is not a magic show for a David Copperfield to perform the hat-trick of producing a rabbit from an empty hat
Posted by Kit in Financial Scandals, Najib Razak on Tuesday, 2 June 2015
The Malaysian Cabinet is being held in even lower esteem among Malaysians after last Friday’s Cabinet meeting for two reasons:
Firstly, for giving approval to a 1MDB Roadmap when it is clear that no Minister has any clue how 1MDB and the Malaysian Government is going to be saved from 1MDB’s RM42 billion loans scandal; and
Secondly, no resignation by any Minister although the Prime Minister Datuk Seri Najib Razak said that Ministers can resign if they do not support him on the 1MDB issue.
It is simply incredible that the Malaysian Cabinet has degenerated into a magic show for a David Copperfield to perform the hat-trick of producing a rabbit from an empty hat, with no Minister daring to expose the illusion of the whole exercise!
The reason why the UMNO Vice President and Minister for Rural and Regional Development Minister, Datuk Seri Shafie Apdal had objected to the application of the principle of collective Ministerial responsibility on the 1MDB scandal was that although Ministers had asked questions about the strategic investment firm during Cabinet meetings, Ministers are just unclear as the public over the firm’s opaque deals.
Shafie had said that Ministers wanted answers to the 1MDB scandal as they wanted to know, not for their own benefit, but to explain to the people at large. Read the rest of this entry »
Have all Ministers accepted collective responsibility for the 1MDB scandal to “sink or swim” with Najib on the issue?
Posted by Kit in Financial Scandals, Muhyiddin Yassin, Najib Razak on Monday, 1 June 2015
Have all Ministers, including Deputy Prime Minister Tan Sri Muhyiddin Yassin and the Minister for Rural and Regional Development, Datuk Seri Shafie Apdal accepted collective responsibility for the 1MDB scandal to “sink or swim” with the Prime Minister, Datuk Seri Najib Razak, on the issue?
This question becomes pertinent when two UMNO-owned newspapers, Utusan Malaysia and New Straits Times reported in prominence the online portal Malaysia Today article last night that the Prime Minister had told his Cabinet members at Friday’s meeting to resign if they do not support him on the 1MDB issue.
The Malaysia Today article headlined “NAJIB ASKS HIS CABINET MEMBERS NOT WITH HIM TO RESIGN” reported:
Anyway, after Second Finance Minister Ahmad Husni Hanadzlah presented the Ministry of Finance’s plan for 1MDB to the Cabinet on Friday, Najib looked at all the Cabinet members and asked them who were not with him. Those not with him can tender their resignation and walk out the door. Read the rest of this entry »
Why things like 1MDB happen
Posted by Kit in Corruption, Financial Scandals, Mahathir, Najib Razak on Monday, 1 June 2015
By P Gunasegaram
Malaysiakini
May 28, 2015
QUESTION TIME Malaysia had no major financial scandals – as in billion-ringgit ones – until the infamous case of Bumiputra Malaysia Finance or BMF emerged in the early eighties and captured the imagination of the press and the public.
Before we are a bit quick to point the finger at former prime minister Dr Mahathir Mohamad for that, let’s point out that Mahathir became prime minister only in 1981, after BMF, Bank Bumiputra’s wholly-owned Hong Kong subsidiary, started loaning money to George Tan’s Carrian group, eventually amounting to RM2.5 billion in all.
The loans were made between 1979 and 1983, which means that loans continued to be made to Carrian even after Mahathir became PM, implying that Mahathir cannot be totally absolved.
Carrian was a rising star in the Hong Kong property market then but subsequently went bust, making it the biggest bankruptcy in Hong Kong at the time. The scale of the scandal was simply enormous and record-breaking, putting Malaysia on the top of the list in terms of banking failure at that time.
The question is what was a unit of Bank Bumiputra, a bank set up to provide bumiputeras access to funding as part of the effort to increase their participation in business, doing lending money to a Hong Kong property group?
This was at that time, the largest banking scandal in the world and the interest in it spiked further when a Bank Bumiputra senior officer sent to Hong Kong to investigate was murdered and his body dumped in a banana plantation. Read the rest of this entry »
Will Mahathir knuckle under the threat of RM1 million reward for information about his wrongdoings as Prime Minister for 22 years causing RM100 billion losses to Malaysia from his various financial scandals and fade from the political scene?
Posted by Kit in Corruption, Financial Scandals, Mahathir, Najib Razak on Sunday, 31 May 2015
I read today of a new NGO which has offered a reward of up to RM1 million for information about the wrongdoings of Tun Dr. Mahathir during his 22 years as Prime Minister causing RM100 billion losses to the country from his various financial scandals.
As one of the few who had stood up in and out of Parliament to consistently and persistently criticise and oppose the series of financial scandals and abuses of power during Mahathir’s premiership from 1981 – 2013 – and paying a heavy price of being detained for a second time for 18 months under the Internal Security Act during Operation Lalang where Guan Eng and I were the first to be detained but the last to be released – I find the report of a RM1 million bounty for information about Mahathir’s wrongdoings both amusing and interesting.
Why wasn’t such a RM1 million bounty offered during Mahathir’s 22-year tenure as Prime Minister from 1981-2003? Was it because such an offeror would find himself in incarceration even before the ink of such an offer could dry?
Why was such a RM1 million bounty offered only 12 years after Mahathir had stepped down as the fourth Prime Minister of Malaysia? Were they sleeping for the past 12 years and could not pluck up the courage for such a public-spirited offer?
Has the RM1 million bounty any connection with Mahathir’s stepping up of his attacks on Datuk Seri Najib Razak as Prime Minister of Malaysia, whether on the RM42 billion 1MDF financial scandal or the murder of Mongolian Altantuya Shaariibuu, which will bring it within the zone of a proxy war in the escalation of the Najib-Mahathir titanic battle? Read the rest of this entry »
As Save 1MDB Roadmap is in fact Save Najib Roadmap, did Najib excuse and absent himself from yesterday’s Cabinet decision on the 1MDB Roadmap because of personal conflicts of interest?
Posted by Kit in Financial Scandals, Najib Razak on Saturday, 30 May 2015
On Thursday, the second Finance Minister, Datuk Seri Husni Hanadzlah said he would table a roadmap for 1Malaysia Development Bhd (1MDB) to the Cabinet on Friday to strengthen and solve the problems plaguing 1MDB and that the roadmap would be made public after it is tabled in the Cabinet.
The Save 1MDB Roadmap has not been made public after the Cabinet meeting as promised, only the announcement by Husni that 1MDB will receive US$1 billion (RM3.67 billion) from Abu Dhabi’s International Petroleum Investment Company (IPIC) to repay a US$975 million loan maturing in August but which a consortium of German lenders is seeking an early settlement due to a breach of covenant in the loan agreement by 1MDB.
But the Malaysian public have not been told what 1MDB’s USD$1 billion Abu Dhabi lifelife would cost Malaysia as everybody should know of the truism that there is no free lunch in the world.
Malaysians have also not been informed of the other details of the agreement with International Petroleum Investment Company (IPIC) and its Aabar Investments unit, which are said to include “further measures to comprehensively address the various financial asset and liability transactions between the parties” or aspects of the rationalisation plan of 1MDB.
Have these details of the Save 1MDB Roadmap been presented to the Cabinet yesterday or were the Cabinet Ministers as usual asked to give a blank cheque approval for the Save 1MDB Roadmap without any details to allow the Ministers to discuss and decide on the viability and sustainability of the of the Roadmap and whether to approve the conditions to save 1MDB – even though the Ministers will have to be collectively responsible for the Save 1MDB Roadmap?
Are the Ministers in the same position as members of the Malaysian public, or to use the words of UMNO Vice President and Minister for Rural and Regional Development, Datuk Seri Mohd Shafie Apdal on Wednesday, that the Ministers were just as unclear as the public over the 1MDB’s opaque deals? Read the rest of this entry »
Cabinet should be given adequate time for Ministers to understand and study the Save 1MDB roadmap before a Cabinet decision is taken while Najib should “tell all” about his 1MDB dealings in the past six years
Posted by Kit in Financial Scandals, Muhyiddin Yassin, Najib Razak, Parliament on Friday, 29 May 2015
The Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah announced yesterday that the Finance Ministry will present a roadmap for 1MDB to the Cabinet today to solve the problems plaguing the 1MDP and to counter negative perceptions on the strategic investment fund company.
The Prime Minister, Datuk Seri Najib Razak and the second Finance Minister Husni should be fair to their ministerial colleagues in the 35-strong Cabinet, who should be given adequate time to understand and study the Save 1MDB Plan before a Cabinet decision is taken as all the Ministers have to bear collective responsibility for the success or failure of the Save 1MDB Plan once it is approved by the Cabinet.
The Cabinet should not repeat the farce of its March 4 meeting when the Ministers went through the motions of being briefed by 1MDB and its auditors Deloitte, with few Ministers understanding what was going on, but the Cabinet still prematurely and foolishly cleared the troubled fund of wrongdoing and issued 1MDB with a clean bill of health and integrity.
Without comprehensive Cabinet papers for the Ministers to understand the 1MDB scandal, without access to the thousands of 1MDB transactions and email which London’s Sunday Times and Sarawak Report said they had obtained access to, despite attempts by 1MDB at the end of last year to call in all of its computers, employee laptops and servers to wipe them clean of such transactions and emails, how could the Cabinet clear the 1MDB of any wrongdoing?
This has led to the shocking spectacle of the Deputy Prime Minister, Tan Sri Muhyiddin Yassin, declaring after more than two months after the Cabinet meeting which cleared 1MDB of wrongdoing that the 1MDB Board should be sacked and the police called in to investigate 1MDB. Read the rest of this entry »
Is Shafie breaking ranks with the Prime Minister and declaring that he is not prepared to “swim or sink” with Najib on the 1MDB scandal and that if Najib is to drown, he should do it alone without dragging down others?
Posted by Kit in Financial Scandals, Najib Razak, UMNO on Thursday, 28 May 2015
The statement by UMNO Vice President and Rural and Regional Development Minister, Datuk Seri Mohd Shafie Apdal raised eyebrows all round.
It is not just his repudiating the principle of collective Ministerial responsibility, but even more significant, his striking a posture which is tantamount to Shafie breaking ranks with the Prime Minister and declaring that he is not prepared to “swim or sink” with Najib on the 1MDB scandal and that if Najib is to drown, he should do it alone without dragging down others.
This is the only interpretation of Shafie’s protest against claims that the entire Cabinet should be held responsible for the 1MDB scandal, saying that it would be unfair to do so when he and his colleagues were just as unclear as the public over the firm’s controversial and opaque deals.
It is shock enough that a senior three-term Cabinet Minister does not understand the principle of collective Ministerial responsibility but it boggles the minds of Malaysians that Shafie could assert both ignorance and innocence about the enormity of the 1MDB scandal, claiming that he was in the position of the ordinary aggrieved Malaysian on the ground that he was as unclear as the public about the 1MDB scandal.
How could this be when the Cabinet at its meeting on 4th March this year cleared the troubled fund of wrongdoing, making all the 35 Ministers individually and collectively for the 1MDB scandal! Read the rest of this entry »
Speaker should intervene and rule whether PM had abused the Standing Orders to avoid answering pertinent questions about the 1MDB scandal – which is the first step towards parliamentary reform in Malaysia
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Thursday, 28 May 2015
The Speaker Tan Sri Pandikar Amin Mulia should intervene and rule whether the Prime Minister, Datuk Seri Najib Razak had abused the Parliamentary Standing Orders to avoid answering pertinent questions about the RM42 billion 1MDB scandal – which is the first step towards parliamentary reform in Malaysia.
Najib yesterday dodged the question by the DAP MP for PJ Utara, Tony Pua whether the 1MDB management had only met with PetroSaudi International Limited for the first time on September 23, 2009, five days before both parties inked a deal in London; and whether the agreement was approved by the 1MDB Board of directors at the time.
Najib cited Dewan Rakyat Standing Orders 23(1)(i) to avoid answering the question.
Parliamentary Standing Orders 23(1)(i) states that “a question shall not be asked as to whether statements in the press or of private individuals or financial bodies are accurate”.
Najib said that the issue raised by Pua “is based on news report by a news portal that cannot verify the authenticity of the source of the report”.
This is a blatant abuse of the parliamentary process designed to ensure government accountability and good governance. Read the rest of this entry »
Who will “bell the cat” at the Cabinet meeting tomorrow, insisting that Najib should “tell all” to the Ministers and immediately testify at the PAC hearing on 1MDB scandal as it is now established that the PM is the final approving authority for all 1MDB deals
Posted by Kit in Financial Scandals, Muhyiddin Yassin, Najib Razak, Parliament on Thursday, 28 May 2015
Who will “bell the cat” at the Cabinet meeting tomorrow, insisting that Datuk Seri Najib Razak should “tell all” to the Ministers and immediately testify at the Public Accounts Committee (PAC) on the 1MDB scandal, as it is now established that the Prime Minister is the final approving authority for all 1MDB deals?
Will the Deputy Prime Minister, Tan Sri Muhyiddin, whose speech at an UMNO function on 16th May wanting the 1MDB Board to be sacked and the police called in to investigate – whose recording had been visited more than half a million on times on You Tube – “bell the cat”?
In fact, does Muhyiddin know that the Prime Minister is the final approving authority for all 1MDB deals – as provided by the company’s Memorandum and Articles of Association (M&A) agreement which made it very clear that the Prime Minister has the final say over any “financial commitment” of the company?
Do the Cabinet Ministers know that the Prime Minister is the final approving authority for all 1MDB’s financial deals?
If not, how can the Cabinet Ministers allow the Prime Minister to mislead them in such a colossal manner; and if yes, why have they given the Prime Minister such a “blank cheque” without any check and balance as to plunge the country into a RM42 billion scandal – despite numerous warnings and queries by DAP MP for PJ Utara Tony Pua and PKR MP for Pandan Rafizi Ramli in the past four years, and with increasing intensity in the past two years since the 13th General Elections on May 5, 2013?
Would the Cabinet tomorrow demand Najib to “tell all” about his decisions as the final approving authority of 1MDB, before requiring Najib to “tell all” to Parliament and the nation.
Or is there nobody in the Cabinet who will “bell the cat” tomorrow? Read the rest of this entry »
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