Archive for category Najib Razak

Report: Bank’s board briefed on deposits into Najib’s account

Free Malaysia Today
November 13, 2017

PETALING JAYA: Members of AmBank’s board were in the know about large quantities of money deposited into the accounts of Prime Minister Najib Razak in 2013, according to Australian broadcasting agency SBS.

It said the full 12-man board had been briefed about the matter on multiple occasions between September and November 2014, but was not aware then of the source of the funds.

Following the briefing, then-CEO Ashok Ramamurthy, who had been seconded by the Australia and New Zealand Banking Group (ANZ) to head AmBank, was directed to report the transactions to Bank Negara Malaysia (BNM), it added. Read the rest of this entry »

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Was “the power of 1MDB scandal” at play when in Parliament yesterday former Second Finance Minister Husni transformed from a Najib critic on 1MDB to a Najib sycophant, talking about Najib’s legacy of “zero corruption” when everybody knows it is “global kleptocracy”?

Was the “Power of the 1MDB scandal” at play in Parliament yesterday when former Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah transformed from a Najib critic on 1MDB to a Najib sycophant, talking about Najib’s legacy of “zero corruption” when everybody knows it is “global kleptocracy”?

Before further commentary on Husni’s speech in Parliament yesterday, Husni should clarify what he said a year ago, whether they were the truth and still relevant, for instance:

• That handling 1MDB had made him ill, that he was under heavy stress for months while trying to resolve the controversy and suffered high blood pressure; that a question from a senior official of Bank Negara that “Everyone knows that you are not involved in 1MDB. Why are you feeling stressed over the 1MDB issue?” finally prompted his decision to resign from the Cabinet; and that after his resignation, he felt relieved as “1MDB no longer disturbs my mind and heart”. Read the rest of this entry »

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Najib cannot take the moral high ground to claim his 2018 Budget is the best budget in the nation’s 60 history as the “mother of all budgets” when it dared not address the most basic moral question in governance, the 1MDB scandal and Malaysia’s infamy as a global kleptocracy during Najib’s premiership

The Prime Minister-cum-Finance Minister, Datuk Seri Najib Razak, cannot take the moral high ground to claim that his 2018 Budget which he presented to Parliament yesterday is the best in the nation‘s 60-year history as the “mother of all budgets” when it dared not address the most basic moral question in governance, the international multi-billion dollar 1MDB money-laundering scandal and Malaysia’s infamy and ignominy as a global kleptocracy during Najib’s premiership.

For five years, Najib had studiously avoided the issue of the 1MDB scandal and Malaysia’s infamy and ignominy as a global kleptocracy in his annual budget speech in Parliament, but three days before his 2018 Budget presentation in Parliament yesterday, he came out with a 81-paragraph statement ringing praise for his financial and economic stewardship of the country. Read the rest of this entry »

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Najib cannot be more wrong in boasting that the 2018 is the “mother of all budgets” – it is the “mother of all hypocritical budgets” when he dared not even address the 1MDB “mother of all scandals” which transformed Malaysia overnight into a global kleptocrcacy

I am very disappointed.

Throughout the nearly three-hour budget presentation by the Prime Minister and Finance Minister, Datuk Seri Najib Razak, I did not hear the single reference to the interntional multi-billion dollar 1MDB money-laundering scandal which had overnight transformed Malaysia into a global kleptocracy.

How can Najib boast that the 2018 Budget which he had presented is the “Mother of All Budgets” – that no other budget “during the last 22 years or the past 60 years of our own nation” had never been crafted so well – when he dare not even mention address the 1MDB “mother of all scandals” which transformed Malaysia overnight into a global kleptocracy!

I am shocked that Najib should claim that he is even better than his father, Tun Razak who had presented a budget as Finance Minister.
Read the rest of this entry »

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Call on Najib to start his belated defence of international multi-billion dollar 1MDB scandal which transformed Malaysia overnight into a global kleptocracy in his 2018 Budget speech

Three days before his 2018 Budget speech, the Prime Minister, Datuk Seri Najib Razak suddenly issued a 81-paragraph blog on “My Economic Vision for Malaysia” which is remarkable for its attempt for the first time to white-wash the international multi-billion dollar 1MDB money-laundering scandal by explaining away the colossal theft and misappropriation of tens of billions of ringgit of public funds as a mere 1MDB “share of problems” which “we long ago revamped the management to correct the mistakes and bring it back to financial health”.

This is not a worthy or acceptable response to the international strictures that Malaysia has become a “global kleptocracy” as a result of the 1MDB scandal, which is the core of the kleptocratic litigation instituted by the United States Department of Justice (DOJ) to forfeit US$1.7 billion 1MDB-linked assets in the United States, United Kingdom and Switzerland, and which are now suspended pending criminal investigations by the United States authorities, as well as for the various financial and criminal actions and investigations by over half a dozen countries, including Singapore, Switzerland, Hong Kong, Abu Dhabi, the United Kingdom and Australia in connection with the 1MDB scandal.

Lest it be forgotten, the Malay Rulers’ on October 6, 2015 issued a rare joint statement and called on the Government to complete the investigation related to 1MDB as soon as possible and take “the appropriate stern action” against all found to be implicated. Read the rest of this entry »

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If 1MDB is a “national savior”, including saving Malaysia RM200 billion over the next 20 years on power agreements, then stop the clampdown and allow a full debate on 1MDB in Parliament!

Friday Oct. 27, 2017 is a watershed day for the Prime Minister, Datuk Seri Najib Razak, as he will be tabling the 2018 Budget as his “ultra weapon” for winning the 14th General Election.

Today, as a prelude to his 2018 Budget on Friday, Najib released his “My Economic Vision for Malaysia”, where he boasted about his accomplishments and achievements in his more than seven years as Prime Minister.

What will history and future generations remember about Najib’s premiership? Read the rest of this entry »

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Lesson from first day of Parliament – no way the 1MDB scandal can be swept under the carpet as it will continue to haunt and hound Malaysia until there is full accountability releasing the country from the infamy of a global kleptocracy

The lesson from the first day of the 25-day Budget 2018 parliamentary meeting is that there is no way the international multi-billion dollar 1MDB scandal can be swept under the carpet as it will continue to haunt and hound Malaysia until there is full accountability releasing the country from the infamy of a global kleptocracy.

Parliament can pretend that the 1MDB scandal has ceased to exist, rejecting questions from Members of Parliament relating to the 1MDB scandal and Malaysia as a global kleptocracy and stopping MPs from demanding accountability for the 1MDB scandal from the Prime Minister and the Cabinet Ministers, with Ministers having to undergo political acrobatics and contortions like the one performed by the Deputy Prime Minister, Datuk Seri Zahid Hamidi yesterday both during and after Question Time on the 1MDB scandal, particularly with reference to the whereabouts of major 1MDB scandal mastermind, Jho Low, but the monstrous 1MDB scandal will not go away. Read the rest of this entry »

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If not Dzulkifli, who ordered the MACC to arrest Shafie Apdal and 10 other Warisan leaders?

I had not expected my retort to the Malaysian Anti-Corruption Commission (MACC) Chief Commissioner, Tan Sri Dzulkifli Ahmad, to take effect so fast.

On 28th September, I had replied to Dzulkifli who said a day earlier that people were watching me to judge my commitment and seriousness towards fighting corruption and abuse of power.

I observed that I had been watched by the people for the 52 years I had been involved in politics, and reminded Dzulkifli that the people were watching him whether he will be the head of the world’s first “kleptocratic” anti-corruption agency.

I never expected that the people’s “watch” on the MACC Chief Commissioner would within a month become a supreme test, which caused Dzulkifli to disappear from the public limelight in past 12 days except for a highly problematic statement four days ago, although he was dominating the public limelight almost on a daily basis previously.

Let us focus on the four-day remand of the Parti Warisan Sabah president, Datuk Seri Shafie Apdal on his 60th birthday, in connection with MACC investigations into alleged misappropriation of at least RM1.5 billion in rural development funds intended for Sabah and the MACC arrest of Shafie’s two younger brothers and a number of other Warisan leaders. Read the rest of this entry »

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Najib doesn’t have GE14 in the bag

MARZUKI MOHAMAD
New Mandala
18 OCT, 2017

Malaysia’s 14th general election (or GE14) looms large. Some pundits predict that the election will be held sometime between November 2017 and March 2018. This is supposedly the best window for Prime Minister Najib Razak to lead Barisan Nasional (BN) to another victory.

But calling for a general election amid allegations of an epic financial scandal involving the prime minister himself is not an easy task. The 1MDB scandal, the subject of investigations in six countries, has badly affected Najib’s popularity. What the Prime Minister badly needs is a real feel-good factor that will overcome all these misfortunes. But this will be hard to come by. Read the rest of this entry »

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MCA should requisition a Barisan Nasional Supreme Council meeting to thrash out once and for all whether the UMNO/BN propaganda attack is going to be Mahathir is Lim Kit Siang’s stooge or Lim Kit Siang is Mahahtir’s stooge!

I have just read the report on Tun Dr. Mahathir Mohammad’s blog suggesting that BN should make a decision regarding him and myself, decide who bought who, whether Mahathir has bought me or I had bought Mahathir.
UMNO leaders like the UMNO information chief Tan Sri Annuar Musa keep repeating the claim that DAP dominates Pakatan Harapan, but MCA makes the very opposite allegation, accusing me of selling myself and DAP to Bersatu instead.

This is a most ridiculous scenario, and only those who cannot catch up with the times would make such a colossal blunder. Let me tell the UMNO/Barisan Nasional leaders and propagandists that we are in the information era where information travels at the speed of light and not in the stone age or bullock cart era, where it is possible to restrict access to information.

Furthermore, it also highlights the Machiavellian and treacherous character of those responsible for the propaganda and information war of UMNO/BN that they are prepared to say different things to different audiences.

This is one basic difference between the Pakatan Harapan and the Barisan Nasional Coalitions, where the four component parties in Pakatan Harapan, whether DAP, PKR, Amanah or Pribumi Bersatu say the same thing and deliver the same message regardless of audience or location, while the Barisan Nasional component parties are utterly dishonest and hypocritical, with UMNO saying one thing to Malay audience but the MCA saying a completely different versio to the Chinese audience.

This itself would be a powerful reason why the time has come for the UMNO/BN coalition to be replaced, for Malaysia cannot succeed or progress if its leaders say different and even contradictory things to the people depending on the audience, circumstance and location. Read the rest of this entry »

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To Malaysia’s eternal shame, we are singled out and named in the new book “The Corruption Cure” as the nation which the United States government is combatting in the fight against global kleptocracy

It is to Malaysia’s eternal shame that we are singled out and named in the new book, “The Corruption Cure” by Robert Rotberg as the nation which the United States government is combatting in the fight against global kleptocracy.

This is to be found in Page 288 of the book, which reads:

“Under President Obama and his two attorneys general, the U.S. has intensified its attack on corporate, sovereign wealth fund, and individual corruption because it is wrong, but also because the Department of Justice believes that such corruption is a major cause of global instability, a severe hindrance to economic development everywhere, a major creator of poverty, and a critical abuse of national social contracts. Funds pilfered abroad – as in the Malaysian government sovereign wealth fund case, where more than $3 billion was misappropriated – also distorts real estate markets and the overall American economy (witness Miami and New York). For all those reasons and more, corruption is a ‘threat to American national security’”.

Reading this paragraph, I find it most ironical and indignant that Prime Minister Datuk Seri Najib Razak could speak about Malaysia strengthening the American economy when he visited US President Donald Trump at the White House on Sept. 12.
Read the rest of this entry »

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Will Najib give an assurance that the Malay Rulers’ statement of concern on national unity and harmony will not suffer the same fate as their previous statement two years ago on 1MDB scandal, which was virtually ignored and disregarded

Will the Prime Minister, Datuk Seri Najib Razak, give an assurance that the Malay Ruler’s statement of concern on national unity and harmony two days ago on Oct. 10, 2017 will not suffer the same fate as their previous statement two years ago on the 1MDB scandal, which was virtually ignored and disregarded.

The only reference, and a most indirect one, made by the Prime Minister to the Malay Rulers’ statement of concern on the 1MDB scandal was some three months later in Najib’s 2016 New Year Message on 31st December 2015 where Najib told Malaysians that his RM50 billion 1MDB and RM2.6 billion donation twin mega scandals had been resolved and were no more issues.

Najib could not be more wrong, as the past 21 months have shown that the 1MDB and Najib’s RM2.6 billion donation twin mega scandals have continued to haunt and hound Malaysians from various corners of the world.

As result, Malaysia has won the dubious distinction of being known worldwide as a “global kleptodcracy”! Read the rest of this entry »

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There is a plot to get MACC to arrest and parade me in handcuffs in orange-coloured MACC lock-up uniform to counter kleptocratic allegations against Najib over 1MDB scandal

Today’s Barisan Nasional owned and controlled media are full of pictures and story of the Parti Warisan Sabah vice president Datuk Peter Anthony, in handcuffs and in orange-coloured MACC (Malaysian Anti-Corruption Commission) lock-up uniform being taken to the Kota Kinabalu courthouse to be remanded for five days for further MACC investigations in connection with the siphoning off of some RM7.5 billion to supply water, electricity and roads to the rural poor.

I do not know anything about the latest Sabah corruption case, but I know there is a conspiracy and plot to get the MACC to arrest me under the allegation that former Prime Minister Tun Dr. Mahathir Mohamad had given me a RM1 billion bribe and parade me in handcuffs in orange-coloured MACC lock-up uniform.

This, according to the UMNO/BN election strategists, would be the best way to counter the kleptocratic allegations against Najib over the international multi-billion dollar 1MDB money-laundering scandal which had turned Malaysia overnight into a global kleptocracy.

The top UMNO/BN election strategists had brain-stormed long and hard as to what is the most effective way to counter the main issue against Najib in the “do-or-die” 14th General Election – the kleptocratic allegations, not only in Malaysia but world-wide, against Najib because of the 1MDB scandal.

The most powerful and effective way to counter and destroy this attack on Najib over kleptocracy and 1MDB scandal would be for Najib to prove that he is clean, honest and trustworthy, that there is no 1MDB scandal and that the lies about the US Department of Justice (DOJ) allegations against him as a kleptocrat and “MO1” are just utter lies and falsehoods. Read the rest of this entry »

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“H” is Najib’s propaganda “war general”

The Prime Minister’s press secretary, Tengku Sarifuddin Tengku Ahmad said there is nobody in the Prime Minister’s Office who fits the description of “H”, as the Prime Minister’s Office has no officer named as such, nor does such an officer work for the PM.

But Parti Pribumi Bersatu Malaysia (Bersatu) Youth chief Syed Saddiq Syed Abdul Rahman rightly told Tengku Sarifuddin not to “play on technicalities”, as the man identified as “H” is a known right-hand man of the Prime Minister.

Syed Saddiq also asked “H”, whom he alleged was the mastermind of the attempts to “buy” him, to come forward and deny the accusations.
Syed Saddiq said: “I have never met ‘H’ in person, but I have met his middlemen. I have met different individuals (who acted as his representatives) during various meetings.”

Is there such a person “H” who is Najib’s right-hand man, who is one of the “movers and shakers” of the top UMNO/BN leadership although he holds no official government or party position? Read the rest of this entry »

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Is Dzulkifli emulating Najib in refusing to have any media conference because he is afraid like the Prime Minister that his boasts and bombasts may be pricked by journalists’ sharp questioning?

Is the Malaysian Anti-Corruption Commission Chief Commissioner Tan Sri Dzulkifli Ahmad emulating the Prime Minister Datuk Seri Najib Razak in refusing to have any media conference because he is afraid like the Prime Minister that his boasts and bombasts may be pricked by journalists’ sharp questioning?

Najib achieved a few “firsts” in his visit to the White House and meeting with US President Donald Trump on Sept. 12 – one of which was to strenuously avoid the press and evade any media conference from the Washington White House Press Corps who might ask him embarrassing questions about Malaysia’s global kleptocracy, 1MDB scandal, “MO1” and the US Department of Justice (DOJ) largest kleptocratic litigation to forfeit US$1.7 billion 1MDB-linked assets in United States, United Kingdom and Switzerland.

Today is Dzulkifli’s first major address to an international conference, the 9th International Conference on Financial Crime and Terrorism Financing since his appointment as Chief Commissioner of MACC a year ago.

However, after his keynote address at the international conferenc, he did one thing which key-note speakers do not do – he declined to take questions from the media.

Why was it necessary for Dzulkifli to “play safe” by avoiding a media conference, if the MACC has nothing to hide in its campaign to fight corruption in Malaysia? Read the rest of this entry »

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Call on the civil service chiefs to resist the political pressures by Prime Minister and the UMNO/BN leadership to co-opt civil service to campaign for UMNO/BN in the run-up to 14GE

I call on the civil service heads to resist political pressures by the Prime Minister and the UMNO/BN leadership to co-opt the civil service to campaign for UMNO/BN in the run-up to the 14th General Election.

The civil service must be mindful that it is non-partisan and serves the government of the day, whether UMNO/BN or Pakatan Harapan, to further the interests of the people and country.

The civil service owes loyalty to the people and nation and not to any political party or coalition, as civil servants are paid from the taxes levied on Malaysians and not from the pockets of the Prime Minister or party coffers of any coalition of parties.

The political pressures applied on top civil servants to co-opt the civil service to campaign for UMNO/BN in the run-up to the 14th General Election has already caused several top public servants to commit public bloopers and become the butt of public jokes or adverse comments.

A case in point is the shocking statement by the Chief Secretary to the Government Tan Sri Ali Hamsa, who said yesterday that there is no problem with the Federal Territories Minister, Tengku Adnan Tengku Mansor, openly inviting teachers to join UMNO at a school function in Putrajaya, which turned into a mini-UMNO affair with students singing the UMNO party song and waving UMNO flags.

Would Ali say that teachers can join DAP and the other Pakatan Harapan component parties, and if not, can the 13th Chief Secretary point out where in the General Orders is it stated that teachers can join UMNO but not DAP and the other Pakatan Harapan component parties? Read the rest of this entry »

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Malaysia: 1MDB casts a long shadow

by Eric Ellis
EuroMoney
October 04, 2017

This is the third year of the drama: as the government desperately tries to untangle its controversial fund before elections are called, Malaysians are asking who’s really paying to clean up the mess.

It was a revealing time to be a banker in Malaysia.

During the last week of July, word went around Kuala Lumpur’s banking circles that there could be a big government mandate in the offing, a deal to raise around $600 million, there for the taking for anyone up for the business. A $600 million transaction might not be especially large, but a deal is a deal, and even better if it’s for a sovereign, no? After all, the pickings have been a little slimmer for KL bankers ever since Malaysia was engulfed by the 1MDB corruption scandal in 2015, a saga that has rocked the ringgit, threatened Malaysia’s credit standing and plunged the country into chronic political and economic turmoil. At the centre of the scandal is Malaysia’s prime minister, Najib Razak, who received hundreds of millions of dollars via 1MDB, and who claimed the money was a donation from Middle Eastern supporters.

Two years on, the $12 billion debt drama at the Malaysian sovereign fund continues to reverberate at home and echo in regulators’ offices around the world, with investigations under way in seven countries – but notably not Malaysia. Given the suspicions of money laundering and embezzlement, investigators, some wielding indictments, are demanding answers to tough questions about important people implicated in the case. Read the rest of this entry »

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Challenge to Najib to deny that he had not created an instant billionaire (in Malaysian ringgit) by approving RM1.8 billion commissions to Leissner or 9% of the three 1MDB bonds totally US$6.5 billion in 2012/3 – which is several times the industry average for underwriting risky bonds

The international headlines about former Goldman Sachs banker Tim Leissner, who had been linked to the 1MDB scandal, barred from the US securities industry for failing to provide documents for 1MDB investigations, is the latest proof that despite Malaysian Prime Minister, Datuk Seri Najib Razak’s optimistic forecast in his 2016 New Year Message 21 months ago that the 1MDB scandal was no more and his Sept. 12 visit to the White House and meeting with US President Trump, the 1MDB scandal is not only very much alive, but has become more global in its tentacles and scope.

The US Financial Industry Regulatory Authority (Finra) said the indefinite ban on Leissner was issued on Sept 11 as he did not respond to requests for documents and other information on 1MDB investigations.

The US industry body was probing Leissner’s departure from Goldman Sachs in early 2016, in particular into a reference letter he allegedly wrote during his time with the firm.

Leissner, who was formerly Goldman Sachs’ Southeast Asia chairperson, was an adviser to 1MDB and had allegedly issued an unauthorised letter in June 2015 to a financial institution in Luxembourg, vouching for controversial entrepreneur Jho Low, a key figure in the scandal surrounding the Malaysian sovereign wealth fund.

Goldman Sachs suspended him, and he later quit the firm. Subsequently, the Monetary Authority of Singapore (MAS) issued a 10-year ban against him trading in the country, effective March 13, 2017.

Leissner was prime mover in Goldman Sachs’ effort in raising US$6.5 billion through the sale of three bonds in 2012 and 2013 for 1MDB, a deal where the firm made US$593 millionh (or RM1.8 billion) in commissions.

Malaysians are entitled to know who in 1MDB, the Finance Ministry and the Government of Malaysia was responsible for approving US$593 million (or some RM1.8 billion) profits to Leissner or 9% of the three 1MDB bonds totally US$6.5 billion in 2012/3 – which is several times the industry average for underwriting risky bonds.

I challenge Najib to deny that he had not created an instant American billionaire (in Malaysian ringgit) in the 1MDB scandal by approving RM1.8 billion commissions to Leissner or 9% of the three 1MDB bonds totally US$6.5 billion in 2012/3 – which is several times the industry average for underwriting risky bonds. Read the rest of this entry »

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Ex-Goldman Banker Leissner Barred From U.S. Securities Industry

By Michael J Moore
Bloomberg
October 4, 2017

Tim Leissner, a senior Goldman Sachs Group Inc. banker before leaving the firm in the wake of its work with Malaysia’s embattled investment fund, has been barred from the U.S. securities industry for failing to provide documents to a regulator.

The Financial Industry Regulatory Authority issued an indefinite bar on Sept. 11, saying Leissner didn’t submit to its requests during an investigation, according to his employment records on Finra’s website. Leissner accepted the findings, without admitting or denying them, according to the self-regulatory body.

Leissner, once Goldman Sachs’s Southeast Asia chairman, was an adviser to 1Malaysia Development Bhd., an investment fund set up in 2009 to help the nation build infrastructure. 1MDB ultimately became embroiled in allegations of financial irregularities that sparked probes in multiple countries. Leissner left Goldman last year after questions about the fund, his work on an Indonesian mining deal and a reference letter he allegedly wrote. Read the rest of this entry »

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A government which has lost the ability to differentiate between right and wrong has forfeited the right to be the government of Malaysia

A government which has lost the ability to differentiate between right and wrong has forfeited the right to be the government of Malaysia

A government which has lost the ability to differentiate between right and wrong has forfeited the right to be the government of Malaysia – and this is why the UMNO/BN coalition must be replaced by the Pakatan Harapan coalition before Malaysians suffer more shame, indignity, infamy and ignominy.

What happened at SK Putrajya Presint 14(1) today is the latest proof that the UMNO/BN Federal Government has become a morally bankrupt coalition, which has lost the ability to differentiate between right and wrong or good and bad, capable of doing things which Bapa Malaysia and the other four former Prime Ministers would never have approved or authorized.

An important line had been crossed when hundreds of pupils and teachers SK Putrajaya Presint 14 (1) were required to participate in a “class decoration and performance” competition with the theme “Umno and Independence”, where Umno flags were draped all over the primary school’s compound and the pupils brandished Umno flags and crooned the party’s anthem.

At one point, a banner with the words “Hidup Umno, Hidup Melayu. Dulu, Kini dan Selamanya” (Long Live Umno, Long Live Malays. Before, Now and Forever) appeared on stage. Read the rest of this entry »

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