Archive for category Financial Scandals
Three shocks from the Opposition in Parliament during the 2019 Budget presentation
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Saturday, 3 November 2018
I was wrong yesterday, I thought there would be an empty seat next to the Parliamentary Opposition Leader, Datuk Seri Zahid Hamidi, during the presentation of the 2019 Budget in the Dewan Rakyat yesterday as a day earlier, the United States Department of Justice had finally indicted fugitive financier Jho Loh and a former Goldman Sachs banker Tim Leissner had pleaded guilty to 1MDB corruption and money-laundering charges.
Jho Low was charged in the federal court at the Eastern District of New York for conspiring to launder billions of dollars embezzled from 1MDB.
Low and former Goldman Sachs banker Ng Chong Hwa, also known as Roger Ng, were also charged with conspiring to violate Foreign Corrupt Practices Act (FCPA) to paying bribes to Malaysian and Abu Dhabi officials. Read the rest of this entry »
Can Najib continue to pretend that there is no such thing as the 1MDB scandal after the 1MDB criminal indictments in the US court, with Goldman Sachs banker Tim Leissner pleading guilty to corruption and money-laundering charges
Posted by Kit in Financial Scandals, Najib Razak on Friday, 2 November 2018
Can former Prime Minister Datuk Seri Najib Razak continue to pretend that there is no such thing as the 1MDB scandal after the 1MDB criminal charges by the US Department of Justice (DOJ) against fugitive financier Jho Low, with former Goldman Sachs banker Tim Leissner pleading guilty to 1MDB corruption and money-laundering charges?
Jho Low was charged in the federal court at the Eastern District of New York for conspiring to launder billions of dollars embezzled from 1MDB.
Low and former Goldman Sachs banker Ng Chong Hwa, also known as Roger Ng, were also charged with conspiring to violate Foreign Corrupt Practices Act (FCPA) to paying bribes to Malaysian and Abu Dhabi officials.
Another former Goldman Sachs banker Tim Leissner had pleaded guilty to two charges of conspiring to launder money and conspiring to violate the FCPA by paying bribes to various Malaysian and Abu Dhabi officials, and forfeited US$43.7 million as a result of the crimes.
My first thought at the news in the United States was what would have happened if UMNO/Barisan Nasional had won the 14th General Election and Najib had not been toppled as Prime Minister on May 9, 2018. Read the rest of this entry »
Did Najib ever cry for Malaysia?
Posted by Kit in Financial Scandals, Najib Razak on Thursday, 1 November 2018
“When the new coalition under Tun Dr Mahathir Mohamad reached 112 seats, we couldn’t help it. Both of us cried.”
This was said by a foreigner, former Swiss banker Xavier Justo when describing in an interview with Star what he and his wife, Laura, felt faraway in Switzerland on the historic night of the 14th Malaysian General Election on May 9, 2018.
The Swiss couple was not the only ones who cried that night.
Many Malaysians, inside and outside the country, cried that night – not out of anger, despair and hopelessness but because of disbelief, relief and hope that there is now a chance to save Malaysia.
These were the true patriots of Malaysia! Read the rest of this entry »
Is Najib prepared to spare the country from further pain, agonies and sufferings and come out with a forthright and straightforward admission of his major role in the 1MDB scandal?
Posted by Kit in Financial Scandals, Najib Razak on Tuesday, 30 October 2018
The last five days must have been Datuk Seri Najib Razak’s worst five days in his entire life, which collectively should be worse than his darkest day of May 9, 2018 when he was toppled as the sixth Prime Minister of Malaysia and sent into the political wilderness.
On Friday, October 26, 2018, Najib’s house of cards propping up his claim that the international 1MDB corruption and money-launderintg scandal was fake news and a concocted internatuional conspiracy by his political enemie to topple him from power collapsed when Saudi Arabian Foreign Minister Adel Ahmad Al-Jubeir met the Prime Minister, Tun Dr. Mahathir Mohamad and denied that Najib’s infamous RM2.6 billion in his personal bank accounts had come from Riyadh.
Read the rest of this entry »
MACC and other 1MDB scandal investigators should haul up Najib to question whether, apart from Jho Low and him, there is a third mastermind in the 1MDB scandal as suggested by Najib in the Al Jazeera interview
Posted by Kit in Financial Scandals, Najib Razak on Monday, 29 October 2018
It is going remain one of the mysteries of Malaysian politics as to why former Prime Minister Datuk Seri Najib Razak decided to guillotine himself on the 1MDB scandal before a world media in his semi-aborted interview with Al Jazeera.
Najib had intended to vindicate himself as a great Prime Minister with his nine-year achievements and legacy in his interview with Al Jazeera, but at the end-of-the-day he had only succeeded in raising the question that apart from fugitive financier Jho Low and himself as the two masterminds of the international 1MDB corruption and money-laundering scandal, there may be a third “international mastermind” of the 1MDB scandal.
Is there a third mastermind in the 1MDB scandal as suggested by Najib in his interview with Al Jazeera on Saturday? Read the rest of this entry »
Malaysians must thank Najib for the semi-aborted Al Jazeera interview for it shows why the 14GE decision of May 9, 2018 was right and why we must forge ahead to build a New Malaysia, far away from a rogue democracy, kakistocracy and global kleptocracy
Posted by Kit in Financial Scandals, Najib Razak on Sunday, 28 October 2018
Malaysians must thank Datuk Seri Najib Razak for the semi-aborted Al Jazeera interview for it shows why the historic decision of the 14th General Election of May 9, 2018 to Save Malaysia was right and why Malaysians must forge ahead to build a New Malaysia which is far away from a rogue democracy, kakistocracy and global kleptocracy.
Although Najib staged a walk-out after some 20 minutes of the interview, enough damage had been done and it is no exaggeration to say that Najib had done more damage to himself with his semi-aborted Al Jazeera interview than the visit of the Saudi Arabian Foreign Minister, Abdel Ahmad Al-Jubeir to publicly confess that Najib’s infamous RM2.6 billion in his personal bank account had not come from Riyadh. Read the rest of this entry »
No Honour among 1MDB thieves
Posted by Kit in Financial Scandals, Najib Razak on Saturday, 27 October 2018
October 26, 2018 was the day when former Prime Minister Datuk Seri Najib Razak came in from the cold to brave nasty questions about the 1MDB scandal which he had been avoiding for more than five years since the 13th General Election when he accepted the invitation of Al Jazeera for an interview with its 101 East programme.
But it proved to the day when Najib was “hung up to dry” for on this day, the Saudi Arabian Foreign Minister Adel Ahmad Al-Jubeir met the Prime Minister, Tun Dr. Mahathir Mohamad to deny that Najib Razak’s infamous RM2.6 billion in his personal bank account had come from Riyadh. Read the rest of this entry »
Najib stripped naked by the Saudis
Posted by Kit in Financial Scandals, Najib Razak on Friday, 26 October 2018
It has finally happened – former Prime Minister, Datuk Seri Najib Razak literally stripped naked by the Saudis.
When it was reported midday yesterday that the Saudi Arabia Foreign Minister Adel Ahmad Al-Jubeir, who had in 2016 said the RM2.6 billion funds received by then prime minister Najib Abdul Razak was a “genuine donation”, is in Malaysia on a three-day visit and would meet the Prime Minister, Tun Dr. Mahathir Mohamad today, thinking Malaysians are expecting a news report today that the Saudis have officially repudiated the story that the RM2.6 billion in Najib’s personal banking account in 2013 was a donation from the Saudi Arabia royal family. Read the rest of this entry »
When mind games go wrong…
Posted by Kit in Financial Scandals, Najib Razak, UMNO on Friday, 26 October 2018
There were three mind games, which had been defined as psychological tactics used to manipulate or intimidate, which went horribly wrong yesterday.
The first was when the UMNO President and former Deputy Prime Minister, Datuk Seri Zahid Hamidi turned up at the Kuala Lumpur Sessions Court to provide moral support for former premier Datuk Seri Najib Razak , who was slapped with an additional six charges to total 38 charges, just seven short of Zahid’s total of 45 charges on corruption, money-laundering and abuse of power.
He later tweeted a photograph of the two of them seated together and stated that the “relentless attack” against the pair would not break their spirit.
“We will remain steadfast in the struggle.
“This overkill leads to a trust deficit in the government. It greatly benefits the accused. Thank-you for dragging us (to court).” Read the rest of this entry »
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?
Posted by Kit in Financial Scandals, Najib Razak, Parliament on Wednesday, 24 October 2018
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 »
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
Posted by Kit in Financial Scandals on Tuesday, 23 October 2018
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)
Chua Soi Lek – I do not like or hate him. I pity him
Posted by Kit in Financial Scandals, MCA on Monday, 22 October 2018
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 »
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
Posted by Kit in Financial Scandals, Parliament on Sunday, 7 October 2018
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 »
Will the PAC under Ronald Kiandee produce the most comprehensive, authoritative and up-to-date account on the 1MDB scandal?
Posted by Kit in Financial Scandals, Parliament on Thursday, 4 October 2018
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 »
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?
Posted by Kit in Financial Scandals, Parliament on Wednesday, 3 October 2018
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 »
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
Posted by Kit in Financial Scandals, MCA, Media, UMNO on Tuesday, 2 October 2018
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 »
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?
Posted by Kit in Financial Scandals, Najib Razak on Tuesday, 25 September 2018
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 »
Najib Razak and Jho Low – Who will betray the other first?
Posted by Kit in Financial Scandals on Monday, 24 September 2018
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 »
Fuzi Harun should step down as IGP if he cannot comply with Interpol protocol to put Jho Low on the Interpol Red Notice List
Posted by Kit in Financial Scandals, Police on Thursday, 20 September 2018
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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