Archive for category Najib Razak
Will Mahathir again make history – to be sacked from UMNO twice apart from quitting once on his own?
Posted by Kit in Mahathir, Najib Razak on Sunday, 15 March 2015
The Prime Minister and UMNO President, Datuk Seri Najib Razak went into a political offensive yesterday when opening the two-day 2015 Kedah UMNO Convention, calling on UMNO members to ignore ‘jemuan-jemuan’ (bad characters) and apple-polishers as these people cause disunity in the ranks.
He said UMNO was capable of remaining in power and win elections if these “unwanted people” were not in the party.
Who are these “bad characters” that Najib was referring to?
The persons who immediately come to mind are UMNO’s longest-serving Prime Minister and President, Tun Dr. Mahathir Mohamad, his two-time Finance Minister, Tun Daim Zainuddin and his “hullubalangs” like former Information Minister and Utusan Malaysia editor-in-chief Zainuddin Maidin.
It is most noteworthy that Najib has chosen Kedah to go on the offensive, making the speech before the Kedah Mentri Besar, Mukhriz Mahathir, when everybody at the convention and outside knew that heading the “jemuan-jemuan” slammed by Najib is none other than Mukriz’s father, Tun Mahathir. Read the rest of this entry »
Anwar jailing could hurt both opposition and Najib
Posted by Kit in Anwar Ibrahim, Najib Razak on Sunday, 15 March 2015
Yang Razali Kassim
East Asia Forum
14 March 2015
The jailing of Anwar Ibrahim following a second sodomy conviction could trigger a chain of events that could shake up Malaysian politics. Unlike after his first jailing in 1998, the opposition, which he leads, is already split and could crumble. But this may well play out as Prime Minister Najib Razak, who is currently under siege within his ruling United Malays National Organisation (UMNO), fights for his own survival. Anwar currently is serving a jail term of five years for what he maintains was a political conspiracy by his enemies, including Prime Minister Najib.
Unless pardoned by the Malaysian King, the verdict could well end the 67-year-old Anwar’s political career. Besides losing his parliamentary seat, by the time he is released, he would be 72 making any political comeback difficult. But the former deputy prime minister has in the past proven to be like a cat with nine lives — and might just have one more. His family’s move to petition for a royal pardon was unexpected, but that prevented Anwar from losing his parliamentary seat pending the King’s decision. Anwar did not make the appeal, insisting on his innocence.
In 2000, two years after he was sacked as deputy premier following a clash with then prime minister Mahathir Mohamad over the handling of the Asian financial crisis, Anwar was jailed for his first sodomy conviction. He was released four years later when that conviction was overturned by the court. Anwar countered his latest court verdict with a vow to continue his fight from behind bars, thus promising to turn himself into a political martyr. Read the rest of this entry »
Twin ghosts haunt Malaysia’s sovereign fund
Posted by Kit in Financial Scandals, Najib Razak on Sunday, 15 March 2015
By Una Galani
Reuters
March 12, 2015
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
Malaysia’s 1MDB faces a daunting task. The six year-old sovereign fund was set up to finance big national projects but expanded too fast, took on heavy debts and is now at the centre of a growing controversy. An ambitious restructuring brings both political and financial risks.
The fund which counts Prime Minister Najib Razak as chairman of its board of advisors has pledged to dismantle itself following a strategic review led by new chief executive Arul Kanda. It plans to stop making new investments and raise cash through an initial public offering of Malaysia’s second largest independent power producer. Selling unused land and finding equity partners for real estate projects that include a new financial centre in Kuala Lumpur and a development built around the terminus for a planned high-speed rail link with Singapore should bring in additional funds.
1MDB’s most pressing objective is to pay down net debt, which stood at around 38 billion ringgit ($10.3 billion) in March 2014. In the same year it made a net loss of 665.4 million ringgit, despite booking a gain from the revaluation of its property portfolio. Absent similar revaluations, it also made a loss in the previous two years. Read the rest of this entry »
President Barack Obama’s Malaysia Problem
Posted by Kit in Najib Razak on Sunday, 15 March 2015
By John R. Malott
Asia Sentinel
March 13, 2015
A former US ambassador tells why he initiated a petition to free Anwar Ibrahim
It was still the evening of Feb. 9 on the US east coast when I learned that the Federal Court, Malaysia’s highest, had upheld the conviction of the opposition leader Anwar Ibrahim.
The next day I saw a press release issued by a spokesperson for President Barack Obama’s National Security Council (NSC), saying that “the United States is deeply disappointed with Mr. Anwar’s conviction.” It said that “the decision to prosecute Mr. Anwar and the conduct of his trial have raised a number of serious concerns about rule of law and the fairness of the judicial system in Malaysia.”
While the content of the press release was good enough, many observers pointed out that it was issued in a name of a mid-ranking official in the NSC and not by a higher-ranking person in either the NSC or the White House itself. As such, to many people it seemed that the White House might just be “doing the necessary” and issuing a pro forma statement because it had to. Their suspicions were raised because Obama himself had been seen playing golf in Hawaii with Malaysia’s Prime Minister Najib Tun Razak just a few weeks earlier.
The golf match with Najib was a rare occasion for Obama, for as The New York Times pointed out in a March 10 article, Obama’s relationships with foreign leaders are almost all cool and businesslike. It is rare for him to invest his time in a personal relationship or to “click” with a foreign leader. According to present and former US Administration officials, however, Obama likes Najib. They “click.” They say that Obama likes meeting and talking to Najib. Read the rest of this entry »
Let all previous Home Ministers from Tun Mahathir to Tun Abdullah declare whether they had signed a “stack of letters and agreements” to the US like Zahid’s infamous letter to FBI vouching for the character of an alleged international gambling kingpin?
Posted by Kit in Najib Razak, Zahid on Saturday, 14 March 2015
The Home Minister, Datuk Seri Ahmad Zahid Hamidi’s revelation that that he has a “stack of letters and agreements” his predecessors as Home Minister had signed with the United States which are like his infamous letter to the Federal Bureau of Investigations (FBI) vouching for the character of an alleged international gambling kingpin is a real shocker, especially as his two immediate predecessors Datuk Seri Hishammuddin Hussein and Tan Sri Syed Hamid Albar (March 2008 – May 2013) had publicly denied that they had ever sent any such support letter unilaterally to the FBI.
Is Zahid seriously suggesting that his two immediate predecessors as Home Minister have publicly lied when in fact they had signed a “stack of lean international gambling kingpin, Paul Phua?
This matter has gone beyond the realm of internal power rivalry in a political party as it now concerns not only national security and Malaysia’s international reputation as well.
If Zahid is referring to either Hishammuddin or Syed Hamid Albar, then there is only one final solution – let the truth be out and it is either Zahid on one side or Hishammuddin and Syed Hamid Albar on the other who have to bow out of public life.
Or is Zahid referring to Home Ministers before Hishammuddin and Syed Hamid Albar?
Who are they? Read the rest of this entry »
Malaysia needs not only a new Finance Minister, but also new world-class Education Minister
Posted by Kit in Education, Muhyiddin Yassin, Najib Razak, university on Friday, 13 March 2015
Calls on the Prime Minister, Datuk Seri Najib Razak to stand down as Finance Minister led by DAP MP for Kluang and DAP National Political Education Director, Liew Chin Tong have reached a new crescendo with last Friday’s statement by the Deputy Prime Minister Tan Sri Muhyiddin Yassin withdrawing blind and total support to Najib’s handling of the RM42 billion 1MDB scandal, with the triple position:
1. That the Auditor-General should audit freely and independently, and tracing back to the accounts in 2009 when 1MDB first started, not just the accounts of 2013, as well as a forensic audit to ensure “there is no corruption in 1MDB transactions.
2. That the Public Accounts Committee begin investigating 1MDB without having to wait for the outcome of the Auditor-General’s findings.
3. No bail-out of 1MDB whether in the proposed disposals of lands in Tun Razak Exchange and Bandar Malaysia which were “obtained from the government on the cheap”.
However, the nation needs not only a new Finance Minister, but also a new Education, a need driven home after Muhyiddin’s speech today admitting his shock with the poor performance of Malaysian students in international assessments, despite the millions of ringgit being spent to improve the education system.
What is most shocking about Muhyiddin’s “shock” is that it has to take him 15 months for the Deputy Prime Minister-cum-Education Minister to be shocked by the dismal performance of Malaysia’s 15-year-olds in the three subjects of mathematics, science and reading in the 2012 PISA (Programme for International Student Assessment), when the results were released 15 months ago in early December 2013. Read the rest of this entry »
Something is really “rotten in the state of Denmark” when the twitter-happy IGP can chop and change on an important issue on police investigations into the RM42 billion 1MDB scandal
Posted by Kit in Financial Scandals, Najib Razak, Police, Zahid on Thursday, 12 March 2015
On February 10, former Prime Minister Tun Mahathir Mohamad quoted Shakespeare’s Hamlet on “something is rotten in the state of Denmark”, and this sense of “rottenness” in Malaysia is increasingly exacerbated with passing weeks and days.
When the twitter-happy Inspector-General of Police Tan Sri Khalid Abu Bakar can chop and change on an important issue on police investigations into the RM42 billion 1MDB scandal, something is really rotten in the “state of Denmark” in Malaysia.
On Monday, 9th March, the Inspector-General of Police, Tan Sri Khalid Abu Bakar caused quite a media sensation when he announced a high-powered three-agency special task force to investigate the biggest financial scandal in the nation’s history, the RM42 billion 1MDB scandal comprising the police, the Malaysian Anti-Corruption Commission (MACC) and the Attorney-General’s Chambers.
But Khalid, who said the task force would even investigate the Prime Minister, was contradicted by the MACC Chief Commissioner Abu Kassim Mohamed who said on the same day that the MACC would wait for the Auditor-General’s report on 1MDB before starting its own probe.
The MACC Chief Commissioner seemed to be unaware of the three-agency task force on 1MDB which Khalid said was formed the previous week.
The IGP and the MACC should clarify whether there is such a three-agency special task force on the 1MDB or whether it only existed in the imagination of the IGP.
But strangest of all, the very next day, Tuesday, 10th March, Khalid backtracked and announced that the special task force would only start their investigations into the 1MDB after the Auditor-General had completed his scrutiny and uncovered discrepancies and wrongdoings. Read the rest of this entry »
The Najib administration has become a hydra-headed government with Ministers and heads of departments giving different stands on a whole variety of issues
Posted by Kit in Crime, Najib Razak, Parliament, Police, Zahid on Wednesday, 11 March 2015
The Najib administration has become a hydra-headed government with Ministers and heads of government giving different stands on a whole variety of issues.
The present meeting of Parliament is providing multiple examples of a hydra-headed government.
For instance, the Home Minister Datuk Seri Zahid Hamidi in a written answer to the DAP MP for Kulai, Teo Nie Ching, said police have completed investigations on incendiary statements by Umno leaders, the Agriculture and Agro-based Industries Minister Datuk Seri Ismail Sabri Yaakob and the former Deputy Minister in the Prime Minister’s Department, Datuk Dr Mashitah Ibrahim and are waiting for further instructions from the Attorney-General.
A total of 32 police reports were lodged against Ismail over his call for Malay consumers to boycott Chinese businesses as a way to force down the prices of goods while ten police reports were lodged against Mashitah, who had said that Chinese people had burned the Quran in a religious rite in Kuala Kedah, which was a downright lie as it never happened.
But while the Home Minister said that the Police are waiting for instructions from the Attorney-General, another Minister, the Minister in the Prime Minister’s Department, Datuk Seri Shahidan Kassim, cleared Ismail Sabri of any offence or any crime! Read the rest of this entry »
Muhyddin should not have a sudden attack of “cold feet” suffering withdrawal symptoms but must continue to be bold and forthright to defend public interests and the principles of accountability and good governance in the handling of the RM42 billion 1MDB scandal
Posted by Kit in Financial Scandals, Muhyiddin Yassin, Najib Razak on Sunday, 8 March 2015
The Deputy Prime Minister and Deputy UMNO President, Tan Sri Muhyiddin Yassin should not have a sudden attack of “cold feet”, suffering withdrawal symptoms from his courageous and commendable statement on the 1MDB on Friday night, but must continue to be bold and forthright to defend public interests and the principles of accountability and good governance in the handling of the RM42 billion 1MDB scandal.
Muhyiddin was denying the undeniable when he said yesterday that his Friday night statement on 1MDB did not contradict the Prime Minister, Datuk Seri Najib Razak.
His so-called “denial” that he had contradicted Najib has only drawn further attention to the differences between Muhyiddin’s seven-para statement and the six-para PMO Statement on the Cabinet position on 1MDB released after the Cabinet meeting on Wednesday.
A study of the two statements will reach the ineluctable conclusion that Muhyiddin’s statement was not just “expressing what the cabinet had discussed with regard to the issue (1MDB) but also gone beyond that”, when was in fact a repudiation of the PMO Statement, smashing it to smithereens.
Had Muhyiddin fully studied and realised the full implications of his Friday night statement when he lent his signature to it?
Read the rest of this entry »
Muhyddin’s seven-para statement has smashed Najib’s six-para PMO Statement on Cabinet position on RM42 billion 1MDB scandal into smithereens
Posted by Kit in Financial Scandals, Muhyiddin Yassin, Najib Razak, UMNO on Saturday, 7 March 2015
Within 42 hours of the meeting of UMNO Divisional chiefs in Kuala Lumpur at 3 pm tomorrow Sunday), the Deputy Prime Minister and UMNO Deputy President, Tan Sri Muhyiddin Yassin has thrown a bomb to shatter the facade of UMNO and Cabinet unity which the Prime Minister’s Datuk Seri Najib Razak’s PMO Communications Unit had carefully crafted with a six-paragraph statement after the Cabinet meeting on Wednesday on the RM42 billion 1MBD scandal.
Muhyiddin’s seven-paragraph statement late last evening has smashed Najib’s six-para PMO Statement on the Cabinet position on the RM42 billion 1MDB scandal into smithereens. Read the rest of this entry »
Are 1MDB’s woes revealing a fractured Najib government?
Posted by Kit in Financial Scandals, Muhyiddin Yassin, Najib Razak, UMNO on Saturday, 7 March 2015
COMMENTARY BY THE MALAYSIAN INSIDER
6 March 2015
The Cabinet might have tried to put up a united front over debt-heavy 1Malaysia Development Bhd’s (1MDB) financial woes but it took Tan Sri Muhyiddin Yassin just 48 hours to crack that façade.
His seven-paragraph statement tonight made three points not found in the Prime Minister’s Office (PMO) statement on Wednesday which said, “Cabinet expressed confidence that no wrong-doing has been committed within 1MDB, and their desire for the company to be allowed to implement the proposed outcomes of its strategic review.”
Muhyiddin’s points were simple for a company that reportedly sits on a RM51 billion asset base that can cover its RM42 billion debts.
For him, there should not be any bailout of 1MDB if it involves public funds, the Auditor-General must verify 1MDB’s accounts from 2009, and that the Public Accounts Committee (PAC) should carry out an independent probe. Read the rest of this entry »
The six-paragraph PMO statement on Wednesday on Cabinet meeting on RM 42billion 1MDB scandal signifies the arrival of “The Whale” in Malaysian politics overshadowing not only the 10-Minister PM Department but the 35-Minister Cabinet
Posted by Kit in Financial Scandals, Najib Razak on Friday, 6 March 2015
The London Sunday Times expose on Sunday, which shook the Najib administration to its very roots with reports of joint Sunday Times-Sarawak Report investigations into the RM42 billion 1MDB scandal and revelation that they have obtained access to thousands of 1MDB transactions and email which 1MDB had attempted at the end of last year to wipe out from all its computers, employee laptops and servers, started with the story of “The Whale”.
In its report “Harrow playboy linked to troubled Malaysian fund”, Sunday Times London of Sunday, 1st March 2015 which launched its series of investigation exposes on 1MDB scandal (which has forced the Malaysian authorities to seriously think of an “exit strategy” for Najib in 1MDB) opened as follows:
“IN THE summer of 2009, a Malaysian nicknamed ‘the Whale’ appeared on the New York nightclub scene. He would travel with a large entourage in a fleet of Cadillacs and his party would spend tens of thousands of dollars a night in the company of socialites such as Paris Hilton.
“’The Whale’ is said to have celebrated his 28th birthday with a four-day event in Las Vegas that included a party at a pool surrounded by caged lions and tigers. Manhattan was abuzz with questions over his identity and the source of his wealth.
“It emerged that the ‘mystery man’ of the nightclubs was the Malaysian tycoon Taek Jho Low, who had been educated at Harrow School and the Wharton School in Pennsylvania. He claimed his success was due to being in the ‘right place at the right time’. Read the rest of this entry »
The Cabinet meeting and outcome on 1MDB yesterday seemed to have been scripted and choreographed by Najib’s “master publicist” Paul Stadlen with one objective in mind – to avoid accountability for the RM42 billion MDB scandal in the whole month of Parliament beginning on Monday
Posted by Kit in Financial Scandals, Najib Razak on Thursday, 5 March 2015
The Cabinet meeting and outcome on 1MDB yesterday seemed to have been scripted and choreographed by the Prime Minister, Datuk Seri Najib Razak’s “master publicist” Paul Stadlen with one objective in mind, to avoid accountability for the RM42 billion 1MDB scandal in the whole month of Parliament beginning on Monday.
If true, this must be the first time a Cabinet anywhere in the world is led by the nose like a flock of sheep by a “master publicist” to play out the script choreographed even before the Cabinet meeting, which does not redound to the credit of Malaysia’s Ministers, whether their intelligence or integrity.
The cabinet decided, after 1MDB and its auditors provided a briefing on the company’s current situation and responded to a series of questions posed by Cabinet Ministers, including the Prime Minister and Deputy Prime Minister, that the debt-laden state investment firm 1MDB has done nothing wrong.
Did all the 35 Cabinet Ministers yesterday know what they were doing and fully understood the going-ons in 1MBD in the past six years when they issued a clean bill of health and integrity to 1MDB?
Were they presented with any Cabinet papers on the 1MDB to read and study before the Cabinet meeting?
Were they given access to the “thousands” of 1MDB transactions and email which London Sunday Times and Sarawak Report have said they have obtained access to, despite abrupt attempts by 1MDB at the end of last year to call in all of its computers, employee laptops and servers to wipe them clean of such transactions and emails? Read the rest of this entry »
Stop Arrests and Harassment on Those who Exercise Their Constitutional and Internationally-Recognized Right to Freedom of Expression
Posted by Kit in Human Rights, Najib Razak on Thursday, 5 March 2015
Malaysia: Open Letter to the Prime Minister
William Nicholas Gomes, Human Rights Ambassador
27 February 2015
(LONDON) – Dato’ Sri Mohammad Najib bin Tun Abdul Razak
Prime Minister of Malaysia Office of the Prime Minister
Main Block, Perdana Putra Building
Federal Government Administrative Centre
62502 Putrajaya, MALAYSIA
Via facsimile: +60-3-8888-3444
Malaysia: Stop Arrests and Harassment on Those who Exercise Their Constitutional and Internationally-Recognised Right to Freedom of Expression
Mr. Prime Minister,
We, the undersigned human rights organisations and individuals, write to you to register our grave concern over the continued crackdown on freedom of expression in Malaysia, including the latest arrests and investigations against those who criticised or commented on the Federal Court’s decision to uphold the conviction of Anwar Ibrahim of sodomy charges earlier this month.
Since May 2014, more than 40 individuals have been arrested under the Sedition Act and the Penal Code for the exercise of their right to freedom of expression. Over 70 arrests have been made since May 2013.
We are alarmed by your government’s continued abuse of the Sedition Act, exemplified by the following recent cases: Read the rest of this entry »
Will the Cabinet continue the traditional three monkeys role of “eyes that see not, ears that hear not and mouths that speak not” or will they take the bull by the horn to address the three issues which dominate public opinion in past week?
Posted by Kit in Corruption, Financial Scandals, Judiciary, Najib Razak on Wednesday, 4 March 2015
Just before midnight, a Cabinet Minister tweeted that he had just left his constituency which is about three hours’ drive from Kuala Lumpur: “Need to read cabinet papers after I reach home. Tmr morning cabinet meeting as usual.”
My first thought was whether the Cabinet papers would include the thousands of 1MDB transactions and email which 1MDB had tried to “wipe” clean from their computers and servers at the end of last year.
Will the Cabinet papers for all Ministers for the Cabinet meeting later this morning cover at least the three issues which had dominated public opinion in Malaysia in the past week, or will it be another Cabinet meeting to avoid and skirt important national issues like the infamous past Cabinet meetings?
First Issue. Leading the three important issues which should dominate a meaningful Cabinet meeting today is undoubtedly the RM42 billion 1MDB scandal, which has been blown wide open by the joint London Sunday Times/Sarawak Report investigations and access to thousands of transactions and email of 1MDB despite abrupt attempts by 1MDB at the end of last year to call in all of its computers, employee laptops and servers to wipe them clean of all emails.
Will the Cabinet end its traditional three monkey stance of “eyes that see not, ears that hear not and mouths that speak not” on the 1MDB scandal for the past six years, take the bull by the horn and decide either to set up a Royal Commission of Inquiry headed by former Law Minister Datuk Mohd Zaid Ibrahim or other independent credible Malaysians or give support for a full-scale Public Accounts Committee (PAC) public inquiry into the 1MDB scandal? Read the rest of this entry »
As amendment bill to the 1993 Kelantan Syariah Criminal Code has not yet been presented to Pakatan Rakyat Leadership Council for study, suggest deferment of any presentation to Kelantan State Assembly this month
Posted by Kit in Islam, Kelantan, Najib Razak, Pakatan Rakyat, PAS, UMNO on Tuesday, 3 March 2015
Overnight, the political position of Datuk Seri Najib Razak seemed to have undergone a sea-change for the worse, particularly with the London Sunday Times report on Sunday, March 1, 2015 that its joint in-depth investigations into the RM42 billion 1MDB scandal with Sarawak Report website had been completed and they had obtained access to thousands of documents and emails relating to 1MDB, including its initial joint venture with the little known oil company PetroSaudi International from 2009.
As the news portal Asian Sentinel as aptly headlined its report, “Emails Blow Malaysia’s 1MDB Fund Wide Open”, the joint investigations by Sunday Times London and Sarawak Report had foiled abrupt attempts by 1MDB at the end last year to call in all of its computers, employee laptops and servers to wipe them clean of all emails.
This evening, in an email interview with Malaysiakini, Sarawak Report editor and founder Clare Rewcastle Brown confirmed that she is in possession of “thousands documents” on the dealings of 1MDB and businessman Taek Jho Low’s role in the 1MDB which were neither “forged nor hacked” material.
Although these are body blows to Najib politically, he remains a paradox of being a very weak Prime Minister whose major policy initiatives had all been dismal failures but a strong UMNO President largely because no strong UMNO contender has emerged to threaten his position – unlike his predecessor Tun Abdullah Badawi who was both a weak Prime Minister as well as a weak UMNO President, setting the stage for his easy replacement.
However, the political dynamics and disequilibrium both inside UMNO and outside will increase in intensity, focusing immediate attention not only on the forthcoming national UMNO Divisional Meeting on March 8 but also on the Kelantan State Assembly scheduled to meet on March 18.
The greater the political pressures on Najib arising from a host of political, economic, financial and family scandals, the more Machiavellian UMNO leaders and strategists will be to distract public attention from their political woes, which means the doubling up of plots and conspiracies to try to destabilize, divide and destroy PAS and Pakatan Rakyat as promoting “UG” (Unity Government between UMNO and PAS) and the false lure of Kelantan UMNO State Assemblymen offering support to Kelantan PAS for hudud implementation in the Kelantan State Assembly this month. Read the rest of this entry »
Emails Blow Malaysia’s 1MDB Fund Wide Open
Posted by Kit in Financial Scandals, Najib Razak on Tuesday, 3 March 2015
Asia Sentinel
By Our Correspondent
Posted on March 1, 2015
Sarawak Report blog details how deeply a flamboyant financier and friend of PM Najib actually ran the fund
In December of last year, the controversial investment fund 1Malaysia Development Bhd abruptly called in all of its computers, employee laptops and servers and wiped them clean of all emails.
(Read: Controversial Malaysian Investment Fund’s Computer Records Wiped Off)
It was too late. The reason has come embarrassingly clear with a report by Clare Rewcastle Brown, the indefatigable blogger who edits The Sarawak Report. Rewcastle Brown had already obtained thousands of emails and documents before the shutdown, detailing that transactions by the fund were actually run by Taek Jho Low, a close friend of the family of Prime Minister Najib Tun Razak. There were times when the CEO of 1MDB, Shahrol Halmi, and his Malaysian colleagues had no idea what was going on.
Jho Low has repeatedly told the media that he has had nothing to do with 1MDB’s investment activities, and that he has received no money or benefits. But the emails allegedly show that he orchestrated a 2009 joint venture between 1MDB, as the fund is known, and a fledgling oil exploration firm called PetroSaudi International, which was little more than a shell. Read the rest of this entry »
Harrow playboy linked to troubled Malaysian fund
Posted by Kit in Financial Scandals, Mahathir, Najib Razak on Tuesday, 3 March 2015
Jon Ungoed-Thomas, Clare Rewcastle and Josh Boswell
The Sunday Times London
1 March 2015
IN THE summer of 2009, a Malaysian nicknamed “the Whale” appeared on the New York nightclub scene. He would travel with a large entourage in a fleet of Cadillacs and his party would spend tens of thousands of dollars a night in the company of socialites such as Paris Hilton.
“The Whale” is said to have celebrated his 28th birthday with a four-day event in Las Vegas that included a party at a pool surrounded by caged lions and tigers. Manhattan was abuzz with questions over his identity and the source of his wealth.
It emerged that the “mystery man” of the nightclubs was the Malaysian tycoon Taek Jho Low, who had been educated at Harrow School and the Wharton School in Pennsylvania. He claimed his success was due to being in the “right place at the right time”.
Low certainly has a wide range of business interests, building up a £650m investment fund that he started at university. He also runs Jynwel Capital, a Hong Kong fund with investments in media, retail, property and commodities. His family is independently wealthy. Read the rest of this entry »
MACC should launch a full-scale investigation into the PMO Statement in the New York Times attributing the Prime Minister’s expenditure, including the multi-million dollar purchases of his wife, to his inheritance or is MACC a mere “paper tiger”?
Posted by Kit in Corruption, Najib Razak on Tuesday, 3 March 2015
The Malaysian Anti-Corruption Commission should launch a full-scale investigation into the Prime Minister Office’s Statement in the New York Times of February 9, 2015 attributing the Prime Minister’s expenditure, including the multi-million dollar purchases of his wife’s jewellery and shopping sprees, to his inheritance or is the MACC a mere “paper tiger”?
The PMO statement to New York Times said:
“Neither any money spent on travel, nor any jewellery purchases, nor the alleged contents of any safes are unusual for a person of the prime minister’s position, responsibilities and legacy family assets.”
The PMO statement in the New York Times had greatly offended and outraged the four brothers of the Prime Minister, Johari, Nizam, Nazim and Nazir who, in a rare private statement expressed worry that the name of their father, who was known for his frugality, would be tarnished by such talks of family assets. Read the rest of this entry »
Call on Najib to announce before Chempaka by-election nomination on March 10 that UMNO will not contest in any Permatang Pauh by-election arising from Anwar’s disqualification to demonstrate his commitment to promote Malaysian unity and not just Malay unity
Posted by Kit in Anwar Ibrahim, Najib Razak, Parliament, PAS on Monday, 2 March 2015
When the Prime Minister and UMNO President, Datuk Seri Najib Razak announced on Wednesday that UMNO will not contest the Chempaka State Assembly by-election in Kelantan caused by the death of Datuk Nik Abdul Aziz Nik Mat, he said this was to promote Malay unity.
I responded in a series of four tweets, viz:
• Expected in my pre-Cabinet Open Letter yesterday;
• Should announce same to show bona fide! http://goo.gl/2dnOqx No decision on Permatang Pauh yet, says Najib (MMO).
• UMNO decision to stay out of Chempaka welcome but it should herald a virtuous cycle of national unity/reconciliation.
• Make it national unity, not just Muslim unity, Kit Siang tells Umno (MMO).
Najib’s announcement took no one by surprise as it was very much to be expected at this stage of UMNO power play and the plot by certain UMNO leaders to cause a break-up of Pakatan Rakyat by promoting the “UG” (Unity Government) concept of UMNO-PAS Government. Read the rest of this entry »
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