Archive for category Najib Razak
Malaysians owe debt of eternal gratitude to Wan Junaidi who resolved week-long mystery about allegations of Justo’s 1MDB “tampered emails” – no evidence whatsoever but just “logical assumption”!
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Tuesday, 30 June 2015
Malaysians owe the Deputy Home Minister, Datuk Wan Junaidi Tuanku Jaafar a debt of eternal gratitude for he has resolved a mystery which had vexed thinking Malaysians for a week – the allegations of about 1MDB “tampered emails” which surfaced after the arrest of Swiss national and former PetroSaudi International (PSI) IT executive, Xavier Andre Justo at a house in Koh Samui, Thailand the previous Monday (June 22).
Type in “1MDB tampered email” in Google search and there will be scores of news report about the allegations about “tampered emails” associated with the 1MDB scandal – all a week-old vintage after Justo’s arrest.
For months and years since the surfacing of the RM42 billion 1MDB scandal, nobody had ever raised the issue of “tampered emails”.
Even after shocking expose four months ago when the whistleblower website Sarawak Report in its article “Heist of the Century” of Feb. 28 announced that together with London Sunday Times, they have completed an in-depth investigation into “thousands of documents and emails” relating to the transactions by 1MDB, including its initial joint venture with the little-known oil company PetroSaudi International from 2009, nobody had breathed a word about “tampered emails”.
Even the police report lodged in the United Kingdom at the London Police’s National Fraud and Cyber Crime Report Centre by PSI on March 1 was not about “tampered emails” but about confidential emails and servers had been hacked into and the contents made public.
Why did the issue of “tampered emails” burst into the public domain and only after the arrest of Justo, but only in Malaysia but not elsewhere in the world and not even in Thailand where Justo was arrested for blackmail – with one Minister after another assuming that it is Gospel truth and threatening action against the media and all and sundry who spoke up on the 1MDB scandal? Read the rest of this entry »
Najib misses opportunity in 11MP
Posted by Kit in Economics, Najib Razak on Monday, 29 June 2015
– Ramesh Chander and Bridget Welsh
The Malaysian Insider
29 June 2015
As debate in Malaysia’s Parliament draws to a close on the 11th Malaysia Plan (11MP) that lays out targets for the country to achieve “developed” nation status by 2020, the focus has primarily centred on the unrealistic assumptions contrived for the macro-economic framework for the blueprint.
Little attention has concentrated on the consistency of the assumptions and how the 11MP compares with previous policy frameworks. A close look at the 11MP reveals serious gaps and shortcomings, raising questions about whether the proclaimed milestones of development by 2020 can indeed be achieved. Read the rest of this entry »
UMNO party polls deferred by 18 months is in one sense good news as Najib will be an easier target in 14GE with avalanche of scandals and continued festering of internal UMNO warfare
Posted by Kit in Najib Razak, Pakatan Rakyat, UMNO on Monday, 29 June 2015
In one sense, the 18-month postponement of UMNO party polls is good news as Datuk Najib Razak will be an easier target in the 14th General Election with the avalanche of scandals – socio-economic and political – as well as the continued festering of internal UMNO warfare.
Never before in Malaysia has a Prime Minister amassed such a huge brew of socio-economic and political scandals within so short a time, creating a most explosive mix with far-reaching consequences in the next general election.
Umno secretary-general Tengku Adnan Tengku Mansor was not being candid when he merely admitted that the postponement of the Umno election was due to “current political crisis” but not related to 1MDB, as the truth was that the postponement was caused by “current political crisis arising from scandals like 1MDB”.
Unlike the 13GE, the RM42 billion 1MDB scandal will be the lead “scandal” in the 14GE although desperate attempts are being made to defuse it, including an elaborate script of “The Empire Strikes Back” based on the notion that the allegations of the 1MDB scandals were all based on the “tampered” emails (not only unsubstantiated to date but clearly impossible) including the last desperate option of a winding-up and asset-stripping of 1MDB.
But even after being wound up, 1MDB scandal will remain alive in the 14GE although it will be one in a shoal of seething multiple scandals – whether economic and financial like the Felda Global Venture (FGV), Tabung Haji, GST, weak Malaysian ringgit and now MARA’s Australia property scandals, or socio-political like Najib’s major failures including his signature 1Malaysia Policy, Global Movement of Moderates initiative, the National Transformation Programme, the worst racial and religious polarization in the nation’s history. Read the rest of this entry »
Empire Strikes Back (Part IV) – is the script for 1MDB executives Arul and Shahrol to walk out of PAC hearings, probably escorted by Shafee as their counsel, and boycott of PAC proceedings on 1MDB on the ground that Tony Pua has not stepped down as PAC member?
Posted by Kit in Financial Scandals, Good Governance, Najib Razak, Parliament on Sunday, 28 June 2015
The highly-paid Public Relations Consultants of the Prime Minister, Datuk Seri Najib Razak and 1MDB (as Najib is both in law and fact the final approving authority of 1MDB) have gone into an overdrive of offensives since the arrest of former PetroSaudi International (PSI) IT executive, Xavier Andre Justo in Thailand six days ago for attempting to blackmail his former employer on leaked information.
One can already discern four chapters in “The Empire Strikes Back” offensives overdrive:
Chapter 1 – the arrest of the 49-year-old Justo, a Swiss national and former PSI IT executive at around 3 pm on Monday (June 22) at a house in Koh Samui, Thailand with computers, hard drives and other data storage devices.
Chapter 2 – Campaign of demonisation and character-assassination of Justo led by UMNO media like the New Straits Times portraying Justo as a “hedonistic” and “greedy” blackmailer with a photograph of him covered in tattoos on its front-page.
Chapter 3 – Vague and unsubstantiated allegations by Malaysian Cabinet Ministers of tampered leaked information about the 1MDB scandal and threats by the Home Minister, Datuk Seri Zahid Hamidi against the media under the Printing Presses and Publications Act (PPPA) for reporting “tampered” and inaccurate facts about the 1MDB scandal, again without any substantiation of these allegations.
Are we now in Chapter 4 of “The Empire Strikes Back”, featuring Najib’s choice prosecutor Tan Sri Muhammad Shafee Abdullah who accomplished the mission to ensure that Datuk Seri Anwar Ibrahim is now incarcerated in Sungai Buloh prison as a result of Anwar’s Sodomy II trial. Read the rest of this entry »
Both Annuar Musa and MACC should explain whether MARA and MACC have received earlier tip-off about corruption of MARA Inc property purchase in Melbourne, and if so, why no action until The Age expose on Tuesday
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Saturday, 27 June 2015
The Najib administration continues to tie itself in knots, in one scandal after another.
The Prime Minister, Datuk Seri Najib Razak said yesterday that MARA officials named in Australian newspaper The Age’s report on the Melbourne property scandal are innocent until proven guilty.
He said no action can be taken against them based on a “trial by media” as they must be thoroughly investigated first.
“No action has been taken against them yet. Investigation must be done to determine whether they broke the law,” Najib told a press conference after chairing Umno’s supreme council meeting.
“We cannot take action based on suspicion or a trial by media or social media. It must be based on the rule of law. You are deemed innocent until proven guilty.”
He said the government would remain transparent over the case and assured that the scandal would be thoroughly investigated.
This is very different from the tenor of the statement made by the MARA Chairman, Tan Sri Annuar Musa, at the Malaysian Anti-Corruption Commission (MACC) yesterday to submit several documents relating to the purchase of properties in Australia by MARA Inc. Read the rest of this entry »
1MDB Scandal – The Empire Strikes Back after four months
Posted by Kit in Financial Scandals, Mahathir, Najib Razak, Zahid on Saturday, 27 June 2015
Since the arrest of the former PetroSaudi International (PSI) IT executive in Koh Samui, Thailand at around 3 pm on Monday (June 22) for attempting to blackmail his former employer on leaked information, we have seen “The Empire Strikes Back” on the six-year 1MDB scandal in Malaysia.
Suddenly, some Ministers have becoming quite articulate on the 1MDB scandal, with the Home Minister Datuk Zahid Hamidi claiming ominously that the former PSI executive Xavier Andre Justo in his interrogation by Thai police had implicated several Malaysians who had asked him to manipulate the leaked information which was passed to whistleblower site Sarawak Report.
He even said Putrajaya was prepared to extradite these individuals if there is request from Bangkok.
Zahid also threatened to act against local media that used the leaked information which had been the source of unremitting embarrassment to the Prime Minister, Datuk Seri Najib Razak since the end of February when the Sarawak Report website and London’s Sunday Times newspaper reported in-depth investigations into the trail of the missing 1MDB missing billions after gaining access to thousands of documents and emails relating to transactions by 1MDB, including its initial joint venture with the little known oil company PetroSaudi International from 2009.
PSI’s leaked information included communications with 1MDB that had embroiled the latter in controversy as it highlighted questionable transfer of funds to a company controlled by Malaysian billionaire Jho Low, who is close to Prime Minister Najib Abdul Razak’s family.
PSI and 1MDB have yet to deny these allegations but both insisted that it is based on “tampered” evidence.
Zahid appears to be unfazed when a police source from Thailand’s crime suppression division, which arrested Justo, told Malaysiakini that Interpol and the Malaysian authorities were not involved in the investigation. Read the rest of this entry »
Which is in worse shape: BN or opposition?
Posted by Kit in Elections, Najib Razak, Pakatan Rakyat, PAS, UMNO on Saturday, 27 June 2015
– Koon Yew Yin
The Malaysian Insider
26 June 2015
Although it is a long way to the next general election, the current developments we are seeing will, in my opinion, be decisive in shaping the outcome and winner of the next elections. Firstly, we have seen a lot of adverse publicity given the break up of opposition pact, Pakatan Rakyat.
Pro-Barisan Nasional (BN) observers and also some disillusioned opposition supporters are claiming this is dealing a death blow to the opposition’s election hopes. But is this so? I beg to differ from them.
What is happening to the Pakatan is actually a blessing in disguise for them. In fact, it is a big blessing. This is because if we look at the political configuration closely, it is not that the opposition coalition is breaking up. It is the hard line faction of Pas that is splitting from the rest of the Pakatan. This faction wants to chart a future for the country based on Islamic law and a more rigid Islamic state. But can they succeed?
Well, despite the conservative candidates sweeping all the leadership positions in the recent Pas elections, deep down I am sure that they realise that they represent only a minority of the Malay Muslim population. My reading is that the majority of Muslims do not want a more fundamentalist Islamic society. They may have concerns about some aspects of modern life and western values. But even the less educated among them know what has been happening in fundamentalist Islamic nations. Read the rest of this entry »
Why did Annuar make the U-turn in 48 hours from National Economic Council chaired by Najib approving the Melbourne Dudley Street property deal by Mara Inc to Najib opposing the Melbourne purchase?
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Friday, 26 June 2015
MARA Chairman Tan Sri Annuar Musa should explain why he made the U-turn in 48 hours from saying at his media conference on Wednesday that the National Economic Council chaired by the Finance Minister, Datuk Seri Najib Razak, had approved the Melbourne Dudley Street property deal by MARA Inc. to his statement today that Najib had actually opposed the Melbourne purchase?
Annuar should know that this is the 21st century and Information Age and he cannot just behave like monarchs of olden days when information could be controlled and manipulated for him to wilfully and arbitrarily insist that he had never said what he had actually uttered, or that he had been misunderstood or his statements had been twisted when what he said was crystal-clear.
The Prime Minister, Datuk Seri Najib Razak and Annuar could complain that the latter’s statement had been “twisted” by news portals like Malaysiakini and The Malaysian Insider to mean that Najib had personally approved the purchase, when the decision to buy Dudley House in Melbourne was made by the National Economic Council by consensus.
Or in the subsequent words of Annuar in his Facebook: ‘There is no question of approval by any individual, including the prime minister. As I said, it was approved by the National Economic Council and done according to procedure. I hope this is clear.”
Najib and Annuar were only trying to quibble that it is wrong to say that Najib had given approval for the Dudley House purchase when it was decided by the National Economic Council by consensus although chaired by Najib. Read the rest of this entry »
Is there a Cabinet Minister courageous, public-spirited and patriotic enough to suggest at Cabinet meeting tomorrow that Najib should take leave as PM until the growing number of scandals involving 1MDB, Felda Global Venture (FGV), Tabung Haji and now MARA are resolved?
Posted by Kit in Corruption, Najib Razak on Thursday, 25 June 2015
Is there a Cabinet Minister who is courageous, public-spirited and patriotic enough to suggest at the Cabinet meeting tomorrow that Datuk Seri Najib Razak should take leave as Prime Minister until the growing number of scandals involving 1MDB, Felda Global Venture (FGV), Tabung Haji and now MARA are resolved?
The unusual spectacle of the Prime Minister taking to tweets to protest that certain media had twisted the remarks by the MARA Chairman, Tan Sri Annuar Musa that he had approved the MARA purchase of the five-storey Dudley International House apartment block in Melbourne in 2013 has raised even more questions about the Najib premiership – including whether Najib was personally sending out the tweets or whether it was being handled by his grossly-overpaid but misguided “Public Relations” consultants.
I have closely listened to the video recording of Annuar’s press conference statement and I do not think it is fair on the Prime Minister’s part to blame any media for highlighting that Najib had personally approved the MARA acquisition of the Dudley House apartment block in Melbourne.
May be the Prime Minister and his grossly-overpaid Public Relations consultants would like to consider hosting a meeting of all journalists in the country, whether print or online and embracing all languages, and asking them to vote by secret ballot whether Malaysiakini and The Malaysian Insider had twisted Annuar’s statement when they chose the headline “Najib luluskan” (Najib approved) on the MARA purchase of the Melbourne property. Read the rest of this entry »
Call on Public Accounts Committee (PAC) to review the decision not to investigate serious allegation of 1MDB’s indirect funding of BN’s 13GE campaign
Posted by Kit in Corruption, Financial Scandals, Najib Razak on Wednesday, 24 June 2015
The Public Accounts Committee (PAC) should review its decision not to investigate the serious allegation of 1MDB’s indirect funding of Barisan Nasional’s (BN) 13th General Election campaign with public funds.
It is surprising that the PAC chairman Datuk Nur Jazlan Mohamed has decided that the PAC would not investigate into the 1MDB’s indirect funding of BN’s 13th General Election campaign, telling Malay Mail Online that it was premature to claim wrongdoing in Genting Plantations’ US$10 million donation to a Barisan Nasional-linked charity, Yayasan Rakyat 1 Malaysia (YR1M) which used the funds for the 13GE campaigning.
After the Wall Street Journal expose, “Fund Controversy Threatens Malaysia’s Leader” last Friday that Genting Plantations contributed US$10 million to YR1M after its parent sold a power plant to 1MDB five times its actual value for RM23 billion when the plant was only worth RM400 million, it was naïve for Jazlan to say that Genting Plantations could have made the donation for a variety of reasons, including CSR (corporate social responsibility).
Although Jazlan said there is nothing wrong with corporates making CSR contributions, the PAC will be seriously remiss and negligent of its parliamentary duties to uphold probity and integrity in the handling public funds if it ignores the prima facie case that grave impropriety in expenditure of public funds had been committed in 1MDB’s indirect funding of BN’s 13th General Election campaign.
PAC must get to the bottom of the Wall Street Journal report that 1MDB paid inflated prices for energy assets from Genting Group whose subsidiary later contributed to YR1M that is linked to BN and which featured during the campaign for the 13GE. Read the rest of this entry »
Will 1MDB fallout push Najib out?
Posted by Kit in Financial Scandals, Najib Razak on Tuesday, 23 June 2015
By P Gunasegaram
Malaysiakini
Jun 18, 2015
QUESTION TIME 1MDB’s impact on the financial markets is more than just worry about whether potential defaults will impact the banking system and whether the government’s finances will be adversely affected when it stands by to honour 1MDB’s many obligations.
These questions have been largely answered – the central bank, Bank Negara Malaysia, has already said that 1MDB does not pose a systemic risk to the domestic banking sector, although it may depress the profits of some banks.
Various analysts believe that the federal government, which owns all of 1MDB through Minister of Finance Inc, has the capacity to take care of 1MDB’s obligations, which amount to RM42 billion.
So why is the ringgit more depressed than it should be and what is really the concern about the situation in the country? The problem is not directly related to the economy but politics. An increasing number of people are considering how the overall political situation in the country will change if Najib Abdul Razak, for whatever reason, decides to step down.
It is more than likely that it is the political situation which is causing the ringgit to be even more volatile than the currencies of other countries that have yo-yoed against the US dollar, but generally trended downwards against the greenback. That the US dollar is strengthening is indisputable, the roots being the strong possibility of upward increases in US interest rates some time later this year. Read the rest of this entry »
Najib should begin a 1MDB Nothing2Hide confession starting with revelation what has happened to the RM3 billion which were “overprized” in acquisition of 15 power stations for RM18 billion
Posted by Kit in Financial Scandals, Najib Razak on Tuesday, 23 June 2015
The Wall Street Journal expose five days ago has probably started the end-game for the six-year RM42 billion 1MDB scandal with attention focussed on the question which the parliamentary duo, DAP MP for PJ Utara, Tony Pua and PKR MP for Pandan Rafizi Ramli, joined by former Prime Minister Tun Mahahtir, have repeatedly asked: “Where have the 1MDB billions disappeared to? Show us the money!”
The Wall Street Journal report, “Fund Controversy Threatens Malaysia’s Leader”, alleged that 1MDB had bought Genting Group’s power assets at an inflated price, and the group then made substantial donations to the 1MDB-linked charity YR1M.
YR1M had then allegedly bankrolled BN’s 13th general election, and is now funding social programmes in Sarawak where state elections are widely anticipated.
The Wall Street Journal reported last Friday 1MDB made overpriced purchase of power assets from Genting Group in 2012.
The price, which was equivalent to about US$740 million at the time, came to RM2.3 billion, around five times what it was worth.
Genting later reported it had a 1.9 billion ringgit extraordinary gain on this sale, implying a value for its stake in the power plant of just 400 million ringgit – or less than one-fifth what 1MDB paid for it. Read the rest of this entry »
Malaysia’s Long Road to Change
Posted by Kit in Malaysian Dream, Najib Razak on Tuesday, 23 June 2015
Asia Sentinel
June 20, 2015
The headline issues behind Malaysia’s current political crisis often puzzle outside observers, not just for the specific and sometimes bizarre details but for what they reveal about a system designed to maintain the status quo at all costs. Taken in the current context, it is remarkable that Prime Minister Najib Razak remains in power. In an actual democracy – instead of the kind of purpose-built one-party state in Malaysia – he would presumably be long gone and perhaps in the dock.
The 1Malaysia Development Berhad debacle, with its overtones of greed, political favoritism and inside deals is exactly the kind of sleaze that should and does bring down governments worldwide. Add to that the lingering issue of the 2006 murder of the misbegotten Mongolian party girl Altantuya Shaariibuu by bodyguards linked to Najib, the shamelessly cooked-up jailing of long-suffering opposition leader Anwar Ibrahim, the poisonous stew of bitter racial politics manipulated by the ruling elite and the widespread disgust with the acquisitive ways of Najib’s wife, Rosmah Mansor, and it is a wonder that anyone can keep a straight face while claiming Malaysia’s system is anything but a thinly disguised playpen for the Barisan National and its cronies.
Still, and finally, we may be witnessing the endgame in the country’s painful transition from the 20th century politics and governance that started with the transition from British colonialism to rule by the Barisan Nasional, the race-based coalition of political parties led by the United Malays National Organization. In power since 1957, the Barisan is the world’s longest-ruling parliamentary coalition. Read the rest of this entry »
The untouchable Dr M
Posted by Kit in Mahathir, Najib Razak on Tuesday, 23 June 2015
Kapil Sethi
The Malay Mail Online
June 22, 2015
JUNE 22 ― On the surface, it seems even more lopsided than a David and Goliath battle. On one side is a frail, almost 90, long gone from the corridors of power old man whose bark is practically all that is left of what was 22 years of autocratic but arguably economically robust rule. On the other is a man decades younger and a second term prime minister controlling all the levers of power who is increasingly comfortable in deploying them to crush all dissent, whether through legislation, 3am wake-up calls by the police or even by suing through the judiciary.
The PM also has publicly-funded government largesse to dole out as and when the situation requires. He has a plethora of government and party posts and contracts to hand out to keep his party cadres in line. He controls all the mainstream media and has a large, ever-expanding public relations machine at his disposal to run down all enemies, real or imagined.
So it would seem bizarre that things have reached such a head that the battle is not only not over, but has spilled out on the international stage courtesy of the New York Times. In a sign of exactly how difficult the situation is for the incumbent PM, his foreign minister is reduced to replying to the article by criticising Dr Mahathir for internationalising the issue rather than rebutting the issues themselves. Read the rest of this entry »
Ministers have suddenly become prolific letter writers but why is there no detailed rebuttal to serious WSJ allegations of corruption and gross abuses of power about 1MDB billions of ringgit bankrolled for 13GE?
Posted by Kit in Financial Scandals, Najib Razak on Monday, 22 June 2015
Datuk Seri Najib Razak’s Cabinet Ministers have suddenly become prolific letter writers to international publications but why is there no detailed rebuttal to serious Wall Street Journal allegations of corruption and gross abuses of power four days ago about 1MDB billions of ringgit bankrolled for the 13th General Election campaigning two years ago?
Two weeks ago, the Foreign Minister, Datuk Seri Anifah Aman wrote an Open Letter to New York Times protesting against the interview by former Prime Minister, Tun Mahathir who touched on the 1MDB scandal, UMNO and accusations against Najib and expressing regret at Mahathir’s action “to undermine his own country through the international media as part of a personal political vendetta”.
In one fell swoop, the nation’s elder statesman and the longest-serving Prime Minister in the nation’s history has been reduced to an anti-national digit on the same level as other critics of the government-of-the-day who are accused of ignoble and even disloyal motives for bad-mouthing the government and the country.
It is the irony of ironies that Mahathir himself had himself made such allegations against his critics when he was Prime Minister for 22 years. Read the rest of this entry »
An open letter to Bloomberg
Posted by Kit in Economics, Najib Razak on Monday, 22 June 2015
— Idris Jala
The Malay Mail Online
June 20, 2015
JUNE 20 — When I read William Pesek’s latest commentary on Bloomberg View, I barely recognised the country he was writing about. He starts by referring to Malaysia’s “underlying economic distress” and “prolonged slow growth”, which he says are caused by “race-based policies that strangle innovation, feed cronyism and repel multinational companies.”
The facts, however, are these:
1. Between 2009 and 2014, Malaysian Gross National Income grew by 47.7 per cent.
2. Growth last year was six per cent, and over the next four years the OECD predicts Malaysia will enjoy annual growth of 5.6 per cent. It would be perverse to characterise this as “slow”. By contrast, the Economist reported last month that “The European Commission is forecasting growth in 2015 of 1.5 per cent, which would be the euro area’s best outcome since 2011.” A growth rate nearly four times that of some of the most advanced economies in the world hardly suggests “distress”.
3. Prime Minister Najib Tun Razak launched Malaysia’s ‘Economic Transformation Programme’ in 2010. Let me highlight some key achievements: Read the rest of this entry »
Malaysia Gets a Dose of Real Talk
Posted by Kit in Mahathir, Najib Razak on Monday, 22 June 2015
By William Pesek
Bloomberg
Jun 18, 2015
Asia-based journalists have missed Mahathir Mohamad since he left office in 2003. The former Malaysian prime minister’s mercurial governing style and fiery rhetoric made for great copy. I was in a Hong Kong ballroom in 1997 when Mahathir — the man credited with turning the agricultural backwater Kuala Lumpur, which literally means “muddy river,” into one of Asia’s most impressive skylines — responded to his country’s crashing economy by castigating hedge fund managers. He singled out George Soros as a “moron.”
Mahathir now has a new target — Najib Razak, Malaysia’s current prime minister. The daily squabbling between Najib and his predecessor has unsettled Malaysian markets, with the ringgit falling to its lowest value in a decade. But Najib has nobody to blame but himself for the attacks, given the country’s underlying economic distress. Malaysia’s prolonged slow growth, which has Fitch now threatening a downgrade of the country’s credit ratings, traces back to Najib’s refusal, or inability, to make good on his pledges to dismantle race-based policies that strangle innovation, feed cronyism and repel multinational companies.
You don’t have to take Mahathir’s word for it — Malaysia’s most successful entrepreneurs say the same thing. Just ask Tony Fernandes of AirAsia. Read the rest of this entry »
Scrap the 1MDB roadshows as they will end up as disastrously as the “Nothing2Hide” 1MDB Forum
Posted by Kit in Election, Financial Scandals, Najib Razak, Sarawak on Sunday, 21 June 2015
One of the most accident-prone government front-benchers, the Deputy Finance Minister, Datuk Ahmad Maslan announced yesterday that nation-wide roadshows to explain the 1MDB scandal and other government controversies will be launched at the state levels during the second week of Syawal.
I would advise the Federal government to scrap the 1MDB nation-wide roadshows as they will end up as disastrously as the “Nothing2Hide” 1MDB Forum at the Putra World Trade Centre in KL on June 5 where the Prime Minister, Datuk Seri Najib Razak ignominiously backed out of appearance because of Mahathir’s presence, unless Najib could immediately explain whether 1MDB funds had been misused for the UMNO/BN campaign in the 13th General Election, and are now being spent and misused in Sarawak for the forthcoming Sarawak state polls.
Najib’s thunderous silence on the third day of the Wall Street Journal expose on Friday that the 1MDB funds running into billions of ringgit had been used to bankroll his 13th General Election campaign does not brook well that the Prime Minister’s credibility can recover with any “Public Relations” gimmicry like 1MDB nation-wide roadshows.
Why is Najib incapable of giving a detailed and convincing rebuttal to the Wall Street Journal allegation that one “trick” of using 1MDB billions of ringgit to bankroll Najib’s 13GE election campaign was through the artifice of 1MDB making overpriced purchase of power assets from Genting Group in 2012 – paying RM2.3 billion or around five times for a power plant that was only worth RM400 million, with Genting make a subsequent donation to a foundation controlled by Najib for the 13GE campaigning purposes. Read the rest of this entry »
Malaysia’s national per capita income increased 25-fold from 1970 to 2014 but Malaysia’s financial scandal increased by more than 63,000-fold from RM66 million in 1975 to RM42 billion today
Posted by Kit in Financial Scandals, Mahathir, Najib Razak on Sunday, 21 June 2015
When introducing the Eleven Malaysia Plan in Parliament last month, the Prime Minister Datuk Seri Najib Razak boasted that Malaysia’s national per capita income increased 25-fold from 1970 to 2014, rising from the ranks of a low-income economy in the 1970s to a high middle-income economy today.
What Najib did not tell Malaysians is that Malaysia’s financial scandal had increased by more than 63,0000-fold from the RM66 million Bank Rakyat scandal in 1975 to the RM42 billion 1MDB scandal of today!
No wonder that even the former Prime Minister, Tun Dr. Mahathir, who during his 22-year administration from 1981 to 2003, had chalked up a long series of financial scandals probably costing the country some RM100 billion, has come to forefront to demand accountability, transparency and good governance from the Najib premiership in utter disgust at the biggest financial scandal in the nation’s history – the RM42 billion 1MDB scandal.
In the escalating Najib-Mahathir tussle for accountability, transparency and good governance over the 1MDB scandal, DAP leaders have been proven right that allegations of malpractices, abuses of power and even corruption in the 1MDB scandal in the past few years with DAP MP for PJ Utara Tony Pua and the PKR MP for Pandan Rafizi Ramli spearheading the 1MDB exposes in the last four years had hit the nail on the head about the enormity and iniquity of the 1MDB scandal. Read the rest of this entry »
Hopes for achievement of PR Common Policy Objectives without PR in 14GE is not impossible as UMNO/BN in self-confessed terminal stages from being in “wad biasa”, “wad kecemasan”, “ICU’ and “tanah kubur”
Posted by Kit in Elections, Financial Scandals, Johore, Najib Razak on Saturday, 20 June 2015
Today is special for two reasons.
Firstly, it is Duanwu Festival, which the Chinese celebrate with zongzi or dumpling. It commemorates the death of the poet and minister Qu Yuan 2,355 years ago in ancient state of Chu during the Warring States period of the Zhou Dynasty, for his sacrifices in his principled stand against corruption and abuses of power.
Malaysia is today mired in the biggest financial scandal in the nation’s history, the RM42 billion 1MDB scandal, with new exposes almost everyday highlighting the lack of good governance, accountability and transparency in an administration which had at first boasted about National Transformation Programme and commitment to combat corruption and abuses of power in high political places.
The latest chapter in the 1MDB scandal is the Wall Street Journal expose yesterday alleging that the 1MDB funds running into billions of ringgit were used to bank-roll Prime Minister, Datuk Seri Najib’s 13th General Election campaign.
Najib’s extraordinary and ominous silence, coupled with the failure by the Prime Minister either to announce his readiness to appear before the Public Accounts Committee to undergo full investigation on the Wall Street Journal allegations or institution of legal suit against Wall Street Journal for defamation signify that Najib does not lead a Nothing2Hide administration as he seems to have a lot of things to hide.
If Qu Yuan had been alive today, he would be in the forefront against such government abuses regardless of the cost to his life and future. Read the rest of this entry »
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