Archive for category Najib Razak

Mahathir has lost control of his puppet

John Garnaut
The Age
July 17, 2015

The ageing dictator thinks the decay in Malaysian politics is all about personal failings.

On Eid al-Fitr, the most festive day of the Islamic calendar in South-east Asia, Nurul Izzah Anwar should be celebrating with her family and visiting her famous father in jail. But Malaysia’s politics are now so combustible, and the name of Anwar Ibrahim so potent, that the family has been barred from resuming its conversation about the future of Malaysia until the fifth day after the breaking of the fast.

But Nurul Izzah, like the rest of middle-class Malaysia, already knows exactly what her father thinks.

“For the first time in our history, a sitting prime minister is under investigation for the misappropriation of funds,” said her father in a statement released by his lawyers this week, referring to a report that showed how $920 million was siphoned from a sovereign wealth fund into a bank account in the name of Prime Minister Najib Razak​. “From behind these prison walls, I feel a great concern and worry for my country,” said Anwar Ibrahim. “Corruption, abuse of power, arrogance and appallingly poor governance has brought Malaysia to this state. The utter collapse of the Greece economy is a warning of what can yet happen.” Read the rest of this entry »

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Najib will weather scandal, but it’s not good for Malaysia or PH

Zachary Abuza
Rappler
Jul 17, 2015

Even if Malaysian Prime Minister Najib Razak remains in office, he is politically weakened, preoccupied and ruling with considerably less legitimacy. This bodes ill for the Philippines.

The 1MDB scandal continues to hit embattled Malaysian Prime Minister Najib Razak. The investment vehicle that he chairs is $11.1 billion in debt, and documents leaked to The Wall Street Journal show that some $700 million of 1MDB funds were deposited into his personal accounts, as well as some $560,000 into his wife’s account.

Such allegations should be enough to sink most politicians, but this is Malaysia.

To date, there have been separate investigations by a parliamentary committee, the government’s auditor general, the police and the Bank of Malaysia. All have broadly cleared the government of wrongdoing, which is not surprising given Najib’s control and influence over them. Read the rest of this entry »

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The special task force into allegations of PM misconduct by Najib has zero credibility and legitimacy when DPM and Cabinet Ministers completely in the dark about its establishment, composition, terms of reference and latest change of Chairmanship

The special task force investigating into allegations of Prime Ministerial misconduct by Datuk Seri Najib Razak, in particular into Wall Street Journal (WSJ) report and allegation on July 3 that US$700 million (RM2.6 billion) were deposited into Najib’s personal accounts in AmBank in March 2013, shortly before the dissolution of Parliament on April 3, 2013 and the holding of 13th general elections has zero credibility and legitimacy.

How can the “special task force” have credibility and legitimacy when Cabinet Ministers, and even the Deputy Prime Minister, Tan Sri Muhyiddin Yassin, do not know about its establishment, composition, terms of reference and the latest change of Chairmanship of the special task force?

Yesterday, former Attorney-General Tan Sri Abu Talib urged the Attorney-General Tan Sri Abdul Gani Patail to disassociate himself from the special task force, saying this would help enhance public perception and integrity into the probe.

Abu Talib’s views were also shared by lawyers who said the top government lawyer should not be part of the investigation or else his office would not be seen as being independent.

Talib and the lawyers said Gani’s immediate disassociation from the task force would enhance public confidence and integrity over the three investigating bodies – police, MACC and Bank Negara – in executing their duties.

The principle of check and balance between investigation agencies and the public prosecutor must be observed to ensure justice to all parties, including the public.

Talib, who was A-G from 1980 and 1993, said it was not desirable for Gani, as the public prosecutor, to be a member of the task force. Read the rest of this entry »

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With Anwar in jail, is there anyone in Malaysia who could stitch together a new coalition with support from over 112 MPs to “Save Malaysia” from becoming a failed state and re-set nation-building policies?

There has never been a Haji Raya Aidilfitri like this one in modern-day Malaysia, when Muslims and non-Muslims gather to celebrate the end of Ramadan, the Islamic holy month of fasting.

Firstly, never had Ramadan sales been so poor and dispirited, with one survey estimating a plunge in Ramadan sales of as much as 20 per cent compared with last year.

Secondly, never before have national issues been so dominant during Ramadan and in Hari Raya Aidilfitri open houses – questions galore about the catalogue of financial scandals, breakdown in law and order with Low Yat race riot the latest example less than a week from Hari Raya Aidilfitri and what the future has in store for the people and the country.

But so few answers! Read the rest of this entry »

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Malaysia is going through “the worst of times”. Are there enough Malaysians to make it “the best of times”?

Never before has Malaysia been in such a mess.

What is devastating is that there is no light at the end of the tunnel.

Malaysia’s spirit cannot soar and reach for the skies, to seek and attain an ever-higher level of national achievement and human excellence.

Instead, we are daily bogged down by the mundane and sordid details of one scandal after another, as if we need constant reminders as to how far Malaysia has fallen from grace from the era of Tunku Abdul Rahman, Razak and Hussein Onn.

Dominating the landscape of scandals is the 1MDB “mother and mother of all financial scandals”, a hydra-headed monster capable of unending combinations and permutations to unveil the gravity of the collapse of an ethical government and the principles of accountability, transparency and good governance in the country. Read the rest of this entry »

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Overcoming the legacy of patronage politics

By Bloomberg editors
10th July 2015

Malaysian Prime Minister Najib Abdul Razak may very well be, as he insists, innocent of charges that nearly US$700 million (RM2.65 billion) in government-linked funds ended up in his personal accounts. But his handling of the scandal thus far has only underscored weaknesses in the Malaysian political system.

The accusations against Najib revolve around the finances of 1MDB – a debt-ridden state investment company whose advisory board he chairs. In early July, the Wall Street Journal reported that hundreds of millions of dollars may have moved through agencies linked to 1MDB and landed in accounts controlled by the prime minister.

Najib has alleged a political conspiracy to undermine him and vowed not to resign. He’s threatened to sue the Journal, while Malaysian police have launched a probe into how reporters obtained the evidence for its story. The Journal has said it stands by its reporting.

Whatever the facts of the case, Najib inhabits a system that has long suffered from allegations of cronyism. His United Malays National Organisation (Umno) has dominated the government since independence in 1957, in part through gerrymandering and affirmative-action policies that favor the Malay majority. Read the rest of this entry »

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If Husni is so sure that the AG’s interim report on 1MDB clears PM’s of the WSJ allegation, will he ask the Cabinet tomorrow to release the report to MPs and the public so that Malaysians can heave a big sigh of relief that Najib has got one allegation less?

The second Finance Minister, Datuk Seri Husni Hanadzlah is being totally dishonest and dishonourable to claim innocence for the Prime Minister, Datuk Seri Najib Razak to Wall Street Journal (WSJ) charges from the Auditor-General’s (AG) interim report on 1MDB when the AG’s report is under lock and key and not released to MPs and the public.

In a statement today, Husni said as the preliminary report by the Auditor-General has found no evidence of wrongdoing, the “reckless allegations by some parties, including the disappearance of RM42 billion and transfer of US$700 million to a certain individual, do not arise”.

He said: “It is my hope that all baseless allegations will be put to rest. We have to remain patient and look forward to the final report by the A-G and the Public Accounts Committee (PAC).”

If Husni is so sure that the Auditor-General’s preliminary report cleared Najib of the WSJ allegation about the US$700 million or RM2.6 billion deposited into Najib’s personal bank accounts in AmBank, he should ask the Cabinet tomorrow to release the AG’s preliminary report to the public.

At least the 30 million Malaysians can heave a big sigh of relief that the Prime Minister is free from the WSJ allegation, at least one allegation less from the mountain of allegations of Prime Ministerial misconduct and impropriety dogging Najib’s every step. Read the rest of this entry »

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1MDB scandal won’t end Najib’s career, regional analysts say

Malay Mail Online
Monday July 13, 2015

KUALA LUMPUR, July 13 — Although the allegations of corruption and impropriety against Datuk Seri Najib Razak and his brainchild 1Malaysia Development Berhad (1MDB) have been relentless, several regional observers believe the prime minister will likely weather the storm and continue to remain in office as prime minister.

Speaking to American news channel CNBC, the pundits said despite even the latest exposé by the Wall Street Journal (WSJ) that saw a direct link drawn between Najib and 1MDB’s billions, the embattled prime minister still enjoys immense support and does not face much competition to his position from those in Umno.

“As I see now, the way the investigation has been playing out, it’s playing to form. I think Najib has control over the investigative process,” said William Case, a professor at the Southeast Asia Research Center of the City University of Hong Kong.

“He will remain in office. The investigation panel will report directly to him. In consequence, he will probably be able to survive this,” Case said in CNBC’s talk show Squawk Box.

Case also added that Najib had previously survived many other scandals, although the 1MDB scandal seemed to be “more serious than most”.

The academic’s remark echoed that made by some of Najib’s critics such as DAP parliamentary leader Lim Kit Siang who had cast doubt on the impartiality of the special task force currently probing WSJ’s report, noting that its members are civil servants who not only report to the Cabinet but also directly to the prime minister himself – the subject of the investigation. Read the rest of this entry »

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Replace the “special task force” of four Tan Sris with a Royal Commission of Inquiry of three Tuns – Mahathir, Abdullah and Musa – to get to the bottom of the WSJ allegations

Bank Negara Malaysia (BNM) is to be commended for its swift and prompt denial at allegations that its officials were behind the leak of information concerning the 1Malaysia Development Berhad’s (1MDB) funds.

Denying the allegations, the bank said it had lodged a police report concerning the
Malaysia Today blog on Saturday naming three central bank officials who it said leaked information on the money trail.

In a statement yesterday, the central bank said such allegations were without basis.

It said “Bank Negara Malaysia remains steadfast in our quest to uncovering the truth in a fair and just manner,” and that it will investigate any potential breaches to the laws it administers.

“In discharging its accountability, the bank is not aligned to any faction and will not betray the trust of the public.”

I believe the overwhelming majority of Malaysians appreciate this statement by Bank Negara and are asking why the Prime Minister, Datuk Seri Najib Razak cannot emulate the example of Bank Negara and make swift and prompt denial if an allegation is untrue. Read the rest of this entry »

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Why is Najib allowed to be the one and only person responsible for the metamorphosis from three-agency government probe to four “Tan Sri” special task force on WSJ report and now wide-ranging powers to investigate all allegations about 1MDB scandal when he is the “accused” in the investigation?

Yesterday, the Deputy Prime Minister Tan Sri Muhyiddin Yassin has joined the chorus of support for Prime Minister, Datuk Seri Najib Razak expressing confidence that the special task force set up to investigate all insinuations and allegations hurled against 1Malaysia Development Berhad (1MDB) recently will conduct its investigations in a transparent and fair manner.

He said all parties should have confidence in the special task force set up to find whether the allegations were true or otherwise, stressing that “the task force was established not to find faults, but to investigate comprehensively all allegations made”.

Muhyiddin’s support for the special task force, although calling for the investigation to be “transparent and according to the law, without fear or favour” should ignite more concerns about the purpose, scope, credibility and even composition of the special task force investigation by the four Tan Sris, namely Attorney-General Tan Sri Abdul Gani Patail, Bank Negara Malaysia Governor Tan Sri Zeti Akhtar Aziz, Inspector-General of Police Tan Sri Khalid Abu Bakar and Malaysian Anti-Corruption Commission Chief Commissioner Tan Sri Abu Kassim Mohamed.

I am very concerned by Muhyiddin’s statement for it bears the strongest proof that the government keeps changing its goal post about investigations into Wall Street Journal (WSJ) report on July 3 that Malaysian government investigators have found some US$700 million (RM2.6 billion) deposited into Najib’s personal accounts at AmBank in March 2013, shortly before the dissolution of Parliament on April 3, 2013 in the run-up to the 13th General Election. Read the rest of this entry »

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Should Najib resign?

Hafidz Baharom
The Malaysian Insider
11 July 2015

Personally, yes. He has tarnished the office of prime minister with his continued failure in doing the one thing he had to do: lead.

And quite frankly, I would rather he do so before succumbing to his “media triggered” depression, letting this country fall further into economic ruin and then promoting a “Twinkie defence”. Or, before he calls for martial law.

So respectfully, it is time to clock out, Prime Minister Datuk Seri Najib Razak.

And I’ll tell you why? In fact, I’ll write it out. Read the rest of this entry »

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Musa Hitam can be caretaker Prime Minister if agreement can be reached for him to be elected to Parliament in an early by-election or the search should look at other candidates like Tengku Razaleigh or someone from Sabah or Sarawak

Although it is more than a week since the publication in the Wall Street Journal (WSJ) previous Friday on July 3 that Malaysian government investigators have found almost US$700 million (RM2.6 billion) deposited into Prime Minister Datuk Seri Najib Razak’s personal accounts at AmBank in March 2013, Najib has failed to answer four simple questions, viz:

*Whether he has three personal accounts in AmBank;

*Whether some US$700 million (RM2.6 billion) of funds were deposited into his personal accounts in 2013 just before the dissolution of Parliament on April 3, 2013 in the run-up to the 13th General Election;

*If so, where the RM2.6 billion came from; and

*Where these RM2.6 billion have gone to.

I call on Najib to publicly answer these questions before Hari Raya, latest in his Hari Raya message, so that the 1MDB will not become the dominant subject during the Hari Raya holidays and in the weeks leading up to the 58th Merdeka anniversary on August 31 and 53rd Malaysia Day anniversary on Sept. 16, 2015. Read the rest of this entry »

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16th IACC Conference in Putrajaya in September should have sub-theme of “1MDB Financial Scandal” as it provides perfect and rare counter case study why the conference theme “Ending Impunity: People, Integrity and Action” so difficult to achieve

May be the Minister in the Prime Minister’s Department in charge of integrity, Paul Low, is right – the 16th International Anti-Corruption Conference (IACC) to be held in Putrajaya in September should go on as scheduled as Malaysia would be presenting a perfect and rare counter case study why the conference theme of “Ending Impunity: People, Integrity and Action” is so difficult or even impossible to achieve.

In fact, the 16th IACC, which has described itself as “world’s premier global forum for bringing together heads of state, civil society, the private sector and other stakeholders to tackle the increasingly sophisticated challenge posed by corruption” should have a sub-theme of “The Mother of all Financial Scandals in Malaysia – the RM42 billion 1MDB Scandal”!

The 16th IACC is very lucky for it will have the special privilege and honour not only to have a major participant but the key player of 1MDB scandal to give the keynote address which will allow the 800 to 2,000 international participants an excellent opportunity to have special insights to discuss and dissect a live case example of the need to achieve the conference theme of “Ending Impunity: People, Integrity and Action” in the global fight against corruption.

In fact, not only the Prime Minister Datuk Seri Najib Razak but the quartet of four Tan Sris who head the special task force, Attorney-General Gani Patail, Bank Negara Governor Zeti Akhtar Aziz, Inspector-General of Police Khalid Abu Bakar and Malaysian Anti-Corruption Commission chief commissioner Abu Kassim Mohamad should appear before the ICAC sessions to impart their experience and expertise to an international cionference as they must the only outfit in the world of subordinate officers investigating the No. One authority in government and nation, the Prime Minister.

As former Deputy Prime Minister, Tun Musa Hitam, conceded in his interview with The Malaysian Insider today, “An unprecedented thing is happening as a sitting prime minister is being investigated by a task force”. Read the rest of this entry »

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Default risk climbs for Malaysia as Najib probe outweighs Fitch

The Edge
Bloomberg
July 10, 2015

(July 10): Less than two weeks after Fitch Ratings refrained from downgrading Malaysia, the cost of insuring the nation’s debt is at a six-month high amid a graft probe involving Prime Minister Najib Razak.

Five-year credit-default swaps protecting sovereign notes climbed as much as 12 basis points in July to 148 after the Wall Street Journal reported last week that $700 million of a state investment company’s funds may have ended up in Najib’s bank accounts, a claim he is disputing. The contracts could rise toward 200, a level last seen in 2011, according to Macquarie Bank Ltd.

Heightened credit risk is lifting bond yields, raising funding costs to build railways, roads and power plants as Najib presses ahead with a $444 billion development program. It’s also weighing on the ringgit, which has led losses among Asian currencies this year as lower oil prices hurt Malaysian exports. Brent crude is down 7.2 percent this month and is 49 percent cheaper than it was from its high a year ago.

“Everything seems to conspire against Malaysian bonds and the ringgit in the last couple of weeks,” said Nizam Idris, head of currency and fixed-income strategy at Macquarie Bank in Singapore. “The political scandal involving the prime minister was a big surprise that hit market sentiment” and the CDS price could surpass 160 and head toward 200, he said. Read the rest of this entry »

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Najib Razak’s links to Malaysia fund need transparency

Financial Times
July 9, 2015

Prime minister is under pressure over allegations regarding 1MDB

Ever since Malaysia gained its independence from Britain in 1957, the country has been ruled without interruption by one party, the United Malays National Organisation.

After more than six decades in power, UMNO, which represents the Muslim Malay majority, has much to celebrate. Malaysia has the third-largest economy in Southeast Asia, and is an all-too rare example to the world of a moderate and democratic Muslim state. But UMNO’s longstanding grip on power is under threat, raising doubts about the country’s political stability.

One sign of the pressure on the ruling party came at the 2013 general election, when Anwar Ibrahim, leader of the three-party Pakatan Rakyat coalition, came close to toppling UMNO from power. Campaigning to reform Malaysia’s political system, which he stigmatised as ossified and corrupt, Mr Anwar’s performance was good enough to raise fears within UMNO about a possible defeat at the next election in 2018. Read the rest of this entry »

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Answer critics, not accuse them of trying to topple you, Musa Hitam tells Najib

by V. Anbalagan
The Malaysian Insider
11 July 2015

Datuk Seri Najib Razak must respond decisively to serious allegations made against him and his administration over various issues, including the 1Malaysia Development Bhd (1MDB) fiasco, instead of accusing detractors of seeking to topple his government, Tun Musa Hitam said.

The former deputy prime minister said toppling leaders and bringing down governments were part and parcel of politics.

“Instead of answering questions and doubts by his political opponents and well-wishers, Naib cannot make the accusation that this was done to topple his administration,” Musa told The Malaysian Insider in an exclusive interview.

Musa, who was deputy to former prime minister Tun Dr Mahathir Mohamad between 1981 and 1986, said this in apparent reference to Najib’s oft-repeated statements against his critics in response to issues related to troubled 1MDB. Read the rest of this entry »

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Clamour over 1Malaysia Development Berhad falls on deaf ears

Michael Peel in Kuala Lumpur
Financial Times
10th July 2015

Malaysia is gripped by the biggest financial scandal in its modern history—although you might not know it from the reaction of Najib Razak’s
government.

Claims of large-scale misappropriation at a state investment fund now embroil the prime minister — but he and his administration are trying to shrug it all off by dismissing it as a political plot. That curt response to the ever-widening 1MalaysiaDevelopment Berhad affair tells of the grip on power enjoyed by the ruling United Malays National Organisation since independence in 1957.

“If there is no one shouting ‘I have been robbed’ why would anyone think there has been a robbery?” says Tony Pua, an opposition legislator, explaining the lack of official outrage over how a fund setup with the Malaysian people’s money came to be drowning in more than$11bn of debt. “That’s the problem at the moment.” Read the rest of this entry »

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Apology that Pakatan Rakyat is dead but vow that PR Common Policy Framework aspirations for an united, inclusive, progressive, just and prosperous Malaysia will live on and continue to be basis of DAP struggle for a new Malaysia until there is a new government in Putrajaya

I want to apologise to the people of Malaysia that after seven years, Pakatan Rakyat is dead but we vow that the Pakatan Rakyat Common Policy Framework aspirations for an united, inclusive, progressive, just and prosperous Malaysia will live on and continue to be the basis of DAP struggle for a new Malaysia until there is a new government in Putrajaya.

We in the DAP recognize the political reality that under the present circumstances, no single race or even single political party can rule multi-racial, multi-religious and multi-cultural Malaysia and that the Federal Government from Putrajaya and the various state governments will have to be formed from a coalition of political parties.

DAP is prepared to be a partner of coalition governments, but it must be a coalition of common political principles and objectives and not a coalition of self-interests and political opportunism just to cling to political offices and position.

This is why the DAP Central Executive Committee at its meeting on June 15 took two decisions:

• Recognition that the PAS top leadership had killed Pakatan Rakyat after the PAS Muktamar resolution to sever ties with DAP and repeated violation by the top PAS leadership of the PR Common Policy Framework and the PR consensus operational principle in the past one year;

• Full support to the Selangor Mentri Besar Azmin Ali to reframe the Selangor state government with a new functioning coalition based on the PR Common Policy Framework and the Selangor Pakatan Rakyat general election manifesto.

Read the rest of this entry »

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Fissures appear in Umno as crisis deepens

By Bridget Welsh
Malaysiakini
Jul 10, 2015

COMMENT As Prime Minister and Finance Minister Najib Razak faces explosive allegations of embezzlement, corruption and electoral manipulation that go to the very core of his leadership and the legitimacy of his government, the country is plunged into yet another crisis.

Sadly crises have become common developments of the Najib government, whose responses to 1MDB even before the revelations by The Wall Street Journal (WSJ) brought to the fore questions of economic mismanagement which has undermined the reputation of the Malaysia’s financial institutions.

For many, the issue at hand is what Najib will do – he has already done serious damage to the country and unfortunately every day he stays in office, his leadership negatively affects the country’s reputation. Not only is Malaysia’s international credibility is on the line, its currency, access to foreign capital and future economic prosperity are at risk.

Unlike his father, Malaysia’s second premier Abdul Razak Hussien, Najib has apparently chosen to put himself first rather than the country. During his tenure, Najib has distinguished himself from Dr Mahathir Mohamad in his effectiveness in using the country’s political institutions to strengthen his personal position. He has indeed taken the office of the prime minister to a new low.

Najib deserves a fair and impartial investigation of the allegations made by WSJ. This can be done if he opts to go on leave during the investigation period and appoints respected impartial individuals to lead the investigation. Neither of these have been done so far, as the approach has been to issue denials, thus raising suspicions of a potential cover-up, and this sends conflicting signals about the investigation.

In a ‘fox guarding the hen house dynamic,’ members of the task force assigned to investigate are neither impartial nor distant from developments. In some cases, their job was to review these bank transactions and as such should also be subject to an independent investigation in their failure to act before the WSJ report. The lack on impartiality of the task force does not build credibility, especially in international markets.

Najib’s decision to hold onto power and stay in office compromises any investigation due to the inherent conflict of interests involved and this assures that any departure will be an even harder landing for himself, his family, his political party, Umno, and worst of all, the country. Read the rest of this entry »

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“Be Very Afraid!” when “ignoramus” Ministers give empty assurances about special task force investigation when they may not even be qualified to comment because of conflict of interest


“Fear not, ministers will ensure task force does its job” is one headline for the assurance by the Youth and Sports Minister, Khairy Jamaluddin that the special task force probing allegations concerning 1MDB will do its job without fear or favour.

I say, “Be Very Afraid!” when “ignoramus” Ministers give empty assurances about the special task force investigation when they may not even be qualified to comment because of conflict of interest.

Khairy said the task force would have to report to Cabinet and that “we the ministers will be there to ensure that the investigation is done without fear or favour”.

What nonsense is Khairy talking about. How can the Cabinet Ministers ensure that the investigation is done “without fear or favour” when the Cabinet Ministers cannot ensure that the establishment of the task force is done “without fear or favour”?

The 35 Cabinet Ministers cannot be unaware that Malaysians have no confidence in the special task force because its four “Tan Sri” heads of the quartet of enforcement/investigating agencies, namely Bank Negara, Royal Malaysian Police, the Malaysian Anti-Corruption Commission and the Attorney-General Chambers are all junior, subordinate and beholden to Najib, whether as Finance Minister or Prime Minister, when Najib is in fact the “accused” in the investigations.

This is why Malaysians want independent and reputable Malaysians to investigate the Wall Street Journal allegation that US$700 million (RM2.6 billion) was deposited into Najib’s personal bank accounts in AnBank within two weeks of dissolution of Parliament on April 3, 2013. Read the rest of this entry »

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