Najib bungled up big time on Al Jazeera interview

This is the first time I have heard of any world leader who threatened to walk out of a live interview when faced with hard probing questions.  Dr Mahathir was interviewed many times over many international news channels including the no holds barred programme, BBC Hardtalk, but you don't see him standing up and threatened to walk unless the interviewer switched to another subject matter.  The difference is Dr Mahathir always knew what he was talking about, Najib doesn't.  In order words, he was blur.

This is what Lim Hwa Beng has to say :

My belief

He is cornered. Checkmate!!

No verification of source of money when received

He said he did not verify, when the money was received, that it came from the Saudi King. He just assumed it was from him. Leaving aside the fact that it is totally unbelievable that anyone can be that lackadaisical or nonchalant with RM2.6b suddenly in his account, it would seem that it is in his narrative that he didn’t have any records, at that stage, of the source of the money.

Zahid’s meeting with ‘donors’ or their agent

It would seem that, later, Zahid met the donors but of course Zahid has now changed his story to say that he had met merely the agent of the donors. It would be interesting to know who the ‘agent’ he had met and his relationship with the King or the Prince, if any. It is doubtful that Zahid was telling the truth. We all know he is a liar like Najib.

Receipts etc which seemed fake

Some receipts, bank pay-in slips etc were divulged by Najib much later and those, as we have discussed many months ago, appeared to be obvious fakes. No doubt the prosecution will have that verified by the King and Prince and the bankers and if unverified, the forgery experts will
be engaged to perform the last rites.

Donation returned

Najib has repeatedly said he had returned a big chunk of the money to the donors. What did the King and Prince have to say to that? I am sure their Minister has told the truth of the ‘refund’ to Dr. M and/or Saifuddin and they are just keeping mum about it to let Najib guess whether they knew and in the meanwhile to make him run about telling falsehood after falsehood which will finally corner him and blow up in his face.

Najib should have just kept quiet

Najib should have just keep quiet and see what the prosecution has in their pockets as evidence before concocting or adjusting his story and his evidence to fit into those evidence which he cannot possibly dispute. He has to stop exhibiting and throwing his punches in the air without a clear view and sizing up of his opponent, his size, his height, his kungfu, his weapons, his macais etc.

My conclusion

Najib has lost in the chess game with Dr. M. Shafie has lost to TT.

Najib is a goner. Checkmate!! Shafie is a goner too and going to the slammer to sleep with Najib.

Postscript

Najib need not fret that much. He will have many comrades to accompany him in jail. He will have enough companions to have his usual Wednesday Cabinet meetings away from the glare of the public.

The most dangerous bugger to Najib is undoubtably Zahid.

Zahid is facing more than 40 charges and therefore has his balls all wrapped with explosives controlled by a remote in the hand of Dr. M. He is not using Shafie and that speaks a lot about his intention of being camaraderie or gung-ho with Najib.

Well, we can’t blame Zahid if he wants to jump out of the last floating part of Najib’s sinking ship. And we can’t blame Dr. M and his cohort if they agree to have Zahid as crown witness to make sure that the last nail is driven nicely into Najib’s legal coffin.

Zahid was just a tool and clown for Najib and he was just following orders. Zahid was not one of the main culprits in the 1MDB scandal. He was corrupt, yes, but nowhere near Najib.

Zahid must be the most dangerous bugger to Najib. If Zahid can successfully plea bargain and save his arse, many others will follow suit and Najib will surely die.

Again, we need a popcorn maker each. It’s more economical that way because we will need a lot of popcorns to watch what will be unfolding

Come on, Arul, I say, 'Let's sue'.

ARUL, WHY SETTLE DEBTS WHEN 1MDB CLAIMED NOTHING WAS MISSING OR NAJIB DENIED ANY WRONGDOINGS AS OPPOSED TO WHAT SR, WSJ, THE US DOJ, THE SWISS AG AND SEVERAL OTHER NEWS PORTALS AND COUNTRIES CONFIRMING THAT US$4.5 BILLION WENT MISSING, PRESUMABLY STOLEN BY NAJIB AND HIS COHORTS??? THE ONLY REASON WHY NAJIB HAS NOT SUED ANY OF HIS CRITICS IS BECAUSE HE IS GUILTY OF THEFT, BRIBERY AND MONEY LAUNDERING ON A GRAND SCALE!!! AS FOR YOU, YOU ARE NOTHING BUT A PROFESSIONAL LIAR AND A MASTER OF FACT-TWISTING!!!!

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"JOHOR BARU: Only lawyers will gain from lawsuits if 1Malaysia Development Board (1MDB) took legal action against those making baseless allegations about the company, says its chief executive officer Arul Kanda (pic).

He said that proving 1MDB can resolve its debts was of more importance than suing individuals.

"We have sued some individuals for defamation but these Opposition members, who always say 'sue me' will end up using whatever means possible to drag the hearings.

"If we sue everyone, who wins? Only the lawyers will end up richer.

"So for me, what is most important is to prove that we can solve our own problems," he said in replying to a question by a member of the public at a 1MDB discussion session here on Monday (March 19).

Arul said that despite all the claims by the Opposition, the company has been operating as usual.

"Whatever the allegations, 1MDB is still paying off debts and continues its development projects such as the Tun Razak Exchange (TRX) and Bandar Malaysia.

"These developments serve as good evidence to quash the Opposition's tricks in defaming the Government," he added.

He said the TRX project has successfully attracted investments from major companies.

Arul also said the 1MDB assets, largely in the property sector, currently stood at RM43bil, much higher than its total debt of RM31bil.

"It should be understood that the value of the assets will continue increasing from time to time in view of the majority of it being in the property sector.

"The company assets for now is more than enough to pay off the company's debt," he added.

Arul, however, did not deny that the 1MDB management earlier lacked experience and was a contributing factor to its problems.

[Source: TheStar]

‘IF NO MONEY MISSING, HOW COME YOUR ACCOUNTS MISSING SINCE 2014’, TONY PUA ASKS 1MDB

WHY has 1MDB not submitted its accounts since 2014, Pua asked today, following the state investor’s disavowal of funds confiscated by the Swiss authorities.

1Malaysia Development Bhd said it has not lost any money and that its funds are fully accounted for, a claim which the Petaling Jaya Utara MP dismissed as lacking in credibility.

"

"

“If 1MDB money is fully accounted for, why hasn’t 1MDB made any full disclosure of its accounts since 2014?   

“In fact, 1MDB has not produced any legitimately audited account since March 2012 after Deloitte Malaysia withdrew its endorsement of 1MDB’s March 2013 and 2014 financial statements,” he said in a statement.

The state investor said yesterday that the CHF104 million (RM430 million) held by the Swiss federal treasury does not belong to 1MDB and is a fine imposed on banks which allegedly breached Swiss laws.

Responding to news and press statements by opposition leaders about the Swiss Parliament’s plans to debate and vote on a motion to repatriate the “stolen” funds to Malaysia, 1MDB said the amount in question cannot be claimed by the firm nor by the Malaysian government, as the money does not belong to 1MDB.

Pua said despite numerous requests by the auditor-general (AG) and the Public Accounts Committee (PAC), 1MDB has refused to submit its updated financial statements and even hand over any bank statement of its accounts with foreign banks.

“It does not take a genius to figure out that 1MDB has more than something to hide.  

“This is the very reason the PAC could never have exonerated prime minister (Najib Razak) of stealing from 1MDB because the AG and the PAC were never given the necessary documents to verify that such illicit transfer of funds never took place.

“Even when I had asked for a simple listing of the debts still being held by 1MDB, as well as the debts assumed by the Ministry of Finance, it gets rejected by the parliamentary speaker.”

Pua said the reason the board and the top management of 1MDB are evasive is obvious and understandable, as they are an integral part of the plot by top leaders to steal tens of billions of ringgit from Malaysian taxpayers.

“The mother of all scandals has already precipitated the single largest anti-kleptocracy legal suit by the United States Department of Justice.

“Given that the board and top management of 1MDB are part of the part of the kleptocracy scam, how do they expect Malaysians to believe their denial of the ownership of more than RM400 million confiscated by the Swiss authorities?”

The denial also holds no water as 1MDB has also lied to about the nature of its joint venture with Petrosaudi International Limited, which masked the transfer of US$1.03 billion to the accounts of Good Star Limited in Switzerland, Pua said.

“1MDB repeatedly testified that Good Star was a subsidiary of Petrosaudi, before Bank Negara Malaysia (BNM) subsequently confirmed that Good Star’s sole shareholder was the fugitive Low Taek Jho.”

[https://www.themalaysianinsight.com]

The return of student activism

The Universities and University Colleges Act (UUCA) came into force in 1971 and with that the clampdown on student activism came to a grinding halt. Yesterday, after 45 years, it was so refreshing to see 2,000 students challenging the might of the authorities and did something that should have been done years ago, to demand for accountability from the government.

UMNO had better sit up and take notice. The Opposition parties may not have sufficient clout to influence the rural folks, but the students can and will do just that unless UMNO start to do something about their own leaders.

If nothing is done, there is one big chunk of votes that UMNO can kiss goodbye to.

US3.5 billion breakdown for simple folks ~ By Zakiah Koya

According to the civil lawsuit filed by the US Department of Justice to seize 1MDB assets, it was alleged that between 2009 and 2015, more than US$3.5 billion in funds belonging to 1MDB was misappropriated.

As of today, US$3.5 billion equals to RM14.3 billion. 

What is RM14.3 billion? Let us break it down to what we common people can understand:

Let’s say one MyVi-advanced with all specs - the most expensive MyVi - is RM58,000. RM14.3 billion means about 246,551 units of MyVi. 

Let’s say a low cost house, 800 sq ft with three rooms in Kuala Lumpur costs RM150,000. RM14.3 billion means more than 95,333 of such houses. 

Let’s say a public university graduate needs a scholarship of RM100,000 to complete his or her four years of study. 

RM14.3 billion means more than 143,000 such scholarships. (One must remember that it takes less than that for a public university student to graduate, unless he or she is doing a medical course.)

Now, let’s say a bungalow costs RM2.8 million. RM14.3 billion means about 5,107 of such bungalows. 

The whole budget for Malaysia this year was RM267.2 billion. RM14.3 billion is about 5.4% of the whole budget of the country. 

Under the 2016 budget, RM7 billion is to sponsor 72,000 Bumiputra students to continue their tertiary education. Therefore, RM14.3 billion would have sponsored more than 144,000 Bumiputra students to continue their tertiary education. 

BRIM this year for a household earning RM3,000 and below, is RM1,000. Pocketing RM14.3 billion would mean stealing the BRIMs of more than 14 million households.

Under the budget, RM190 million would have set up 50 farmers’ markets and 150 new Agrobazaars Rakyat 1Malaysia. Taking away RM14.3 billion would mean breaking down 3,763 farmers’ markets and 11,289 new Agrobazaar Rakyat 1Malaysia. 

A medium-income household living on RM5,000 a month spends the money on the instalment of the house and car, and groceries. This means if someone took away RM14.3 billion, 2.9 million such households were left homeless and hungry for one whole month.

The dividends paid out by EPF as of February this year was RM38.24 billion. If someone pocketed RM14.3 billion, this means they pocketed 37% of that dividend. 

Highway concessionaire Plus Expressway Bhd (Plus) is supposed to have collected RM2.61 billion in 2014 alone. If RM14.3 billion were paid to Plus, Plus could likely provide five years of no-tolls for users of Plus highways. 

So, now that we have these calculations, maybe we common people can grasp how much is exactly the RM14.3 billion that 1MDB allegedly misappropriated on gambling debts, collectors’ art, luxury yachts, jets and luxury homes.

Malaysia’s name unfairly dragged through the mud by false allegations, says Najib

Oh, for heaven's sake, don't you think it's time to sue those buggers??

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB)'s assets are "real" and more than its liabilities, Prime Minister Datuk Seri Najib Abdul Razak said today.

This can be seen from the prices they are fetching, he said when delivering his keynote address at Invest Malaysia 2016.

"The uses to which some of those assets will be put will be evident in the future, when two vibrant new centres will spring up in Kuala Lumpur, at the Tun Razak Exchange not far from here, and at Bandar Malaysia, south of the city.

"In the years to come, they will be the real legacy of 1MDB. They will be what is remembered. And history will show that the shameful politically-motivated allegations made to unseat a democratically-elected government were false," Najib added.

He said these quarters had their own agendas and personal interests, which they had placed above the interests of the country.

"They have been airing all sorts of wild allegations, including about 1MDB, for instance. So let us be totally clear about that," said Najib, who pointed out that the Public Accounts Committee's report submitted to Parliament last week had identified weaknesses in 1MDB's structure and management.
"But the report also shows that the allegations of RM42 billion going missing, as some claimed, are false.

Completely false. Malaysia's name has been unfairly dragged through the mud," he added.
Najib said there has been, and will be, accountability in Malaysia, as the success of government-linked companies (GLCs) and the years of consistent growth would not be possible without it.
"As I said last week, we must ensure that lessons are learned, and action will be taken if any evidence of wrongdoing is found. In addition, 1MDB's board of directors have offered their resignation," he said.

Najib said the rationalisation process at 1MDB is working and substantial debts have already been cleared, including the recent repayment of a RM950 million standby credit facility provided by the government last year.

[Source: The Sun Daily]

Anything that happens in any country, comes under the jurisdiction of the respective country. If Malaysia committed a crime in the US, then the Americans have the right to bring forth the culprits to justice.

If a Malaysian murdered an American on American soil, and the former is being charged, can our people say that the Americans are meddling in Malaysian affairs?  Now, let's assess the current case involving the 1MDB.

1. Had Najib put all his billions in, say, Maybank, would the US have the locus standi to say anything?

2.  If Riza Aziz and Jho Low bought mansions in Malaysia, support local artist paintings, make movies locally using local resources, pay gambling debts in Genting, buy up Rayani Air, could the US have meddled?

3. Najib should buy up Bandar Malaysia Land with the ill gotten billions. At least today, it is not in the hands of China.  But then, could the Americans have meddled in our decisions?

Read one ridiculous statement HERE.

Former NST Editor Asks Malaysian Journalists, 'Where Are We To Hide Our Shamed Souls Now?'

• Social media in Malaysia is buzzing with the news about the US Government's action against 1MDB. Mainstream media, however, chose to not run the story in their print versions, despite reporting about it on their web portals, Free Malaysia Today reported.
  

  • A check by FMT revealed that all Bahasa Malaysia (BM) and English mainstream dailies did not report on the matter, despite a foreign news wire sending out the report before 8pm last night.
    
    Umno-owned New Straits Times front-paged a story on vaccination while MCA’s The Star, and The Malay Mail chose to go with a story on the possible snap elections in Penang, as did BM daily, Utusan Malaysia.
    
    The only daily which reported the news was the vernacular publication, China Press.
    freemalaysiatoday.com

• Mustapha Kamil, the former group editor of the New Straits Times (NST) who quit his job at the newspaper in April after working there for over 25 years, wrote on his Facebook profile how the editors at mainstream Malaysian media "have missed a very big story"
  

  • The former NST editor, while speaking to the WSJ, had said that Najib cracked down on Free Speech to limit 1MDB fallout and has an "authoritarian" stand toward media.
    
    Mustapha, in his Facebook post earlier today, while addressing "all mainstream media editors, especially those who for the past couple of years have unashamedly called their international counterparts 'liars'," wrote how the International media have "scooped" the Malaysian mainstream editors right under their noses.
    
    He asked them, albeit mockingly, as to how are they going to face their reporters, their advertisers and ultimately the public? "Who is lying now?," he poked.
    

    says.com

• Mustapha, who has claimed that before 1MDB, there was more freedom for media to do their job, in a separate post on his Facebook profile, asked his former colleagues in the mainstream media as to "where are we to hide our shamed souls now?"
  

  • Explaining the reason behind using 'we', Mustapha writes, "because I feel ashamed of myself too as for a long 28 years, like you, I failed to play my role as the public's watchdog." A journalist’s responsibility is "first to the truth," he had said in past.
    
    He attributes his failure to play his role as the reason for leaving his job, adding "I take no pride in leaving the profession but I wasn't strong enough to go against the tide."
    

    says.com

• In his post, which has been shared by LGE and Global Bersih pages, Mustapha says that while Malaysian journalists knew what has been laid bare by the US DOJ for the world to see, they said nothing.
  
  

  

  Noting that his time is over, he made an impassioned plea to all those still in the profession to "turn back and put journalism in order", adding that they "owe that to the society you serve"
  

  "Journalism is not about rubbing shoulders with the powerful, being driven around by a driver and with a few honorific titles to show. It is about how we help society master their world by helping them make the best decisions on matters that affects their lives. Lying and the suppression of the truth is not journalism." - Mustapha Kamil.
  

OMG, this can't be happening and it is in New York Times Square ..,.. what a shame !!!

There are many ways to become famous, but this is certainly not one of them.

If Najib is innocent, this type of displayed news is downright slanderous and libellous.  Damage is already done and the only option left for the man is to call up the President of United States to tell his people to cease and desist or he will sue, or whatever.  Remaining silent is no longer an option.

The DOJ finally makes it's move - U.S. Targets $1 Billion in Assets in Malaysian Embezzlement Case

The United States government moved Wednesday to seize more than $1 billion in assets purchased with money that it believes was stolen from a Malaysian sovereign wealth fund by people close to the country’s embattled prime minister.

Hidden in the United States in real estate, art and other luxury goods, the money was embezzled from the fund and moved around the world using secretive shell companies that masked its trail, the Justice Department said.

The $1 billion that prosecutors say was laundered in the United States is but a portion of the billions that international investigators suspect was siphoned off by high-level officials at the fund and their associates. The fund — called 1Malaysia Development Berhad, or 1MDB — is overseen by the prime minister, Najib Razak, and has become a focus of rising popular discontent with Mr. Najib’s government amid several investigations at home and abroad.

Read rest of news article HERE.

Please click HERE for video report :

Mr PM, you are challenged and dared. Will you sue?

There seems to be no stopping Sarawak Report from exposing an avalanche of news about 1MDB that allegedly accuses the prime minister in a sinister manner and disparages and discredits his character and integrity.

Without let-up, Sarawak Report has come up with new disclosures successively on a daily basis over the last four days.

Sarawak Report seemingly possesses a wealth of damaging information about 1MDB that exposes the concerted efforts by the authorities to conceal and cover up the many wrongs and the mind-boggling blatant corruption that shrouds the 1MDB controversy. 

It does no credit to the country or its leaders to constantly deny and condemn as false every time such disturbing news is made public by Sarawak Report. Mere denials without concrete evidence to nail the so-called lies and concoctions do not in any way enhance the government’s claimed version of their truth. 

The government’s credibility is absolutely zero as far as 1MDB is concerned. Except for the government leaders and their lackeys, nobody seems to accept the clarification provided to counter Sarawak Report. 

To make matters worse, the Sarawak Report publisher Clare Rewcastle-Brown has challenged Prime Minister Najib Razak to initiate extradition proceedings against her so that she can face trial in Malaysia. 

“He should get on with it in the most publicly possible way so that all can judge his motives and justifications in an objective court of law – away from judges whom he appointed and controls.  

“It is time the world started to learn what has happened to the once largely respectable and law-abiding government of Malaysia,” she said.  

She is daring because she claims to have authentic information that will convict Najib in a court of law. She seems to be quoting heavily from the auditor general’s report which has been classified under the Official Secrets Act, thus making it unavailable not only to the general public but also putting it beyond the scrutiny of members of Parliament as well.  

Unless the auditor general’s report is declassified, there is no way to verify or refute what Sarawak Report claims. As long as the auditor general’s report is sealed in secrecy, the suspicion that the government is determined to cover up corruption will persist.  

But if the government wants Malaysians to believe that Sarawak Report is full of lies and slander and a fabrication by Clare Rewcastle-Brown to denigrate Najib, then here is an excellent opportunity to denounce all the allegedly false reporting of Sarawak Report: declassify the auditor general’s report so that Malaysians can judge for themselves. This is the only way to establish the truth – in the court of public opinion.  

If the declassified report does not confirm the so-called false claims of Sarawak Report, then the entire country will rally around the prime minister and roundly condemn Clare Rewcastle-Brown. This will shut her up and bring to an end all the so-called lies and falsehoods concocted by her. If the truth is on the side of the government, there is nothing to fear.  

But as long as the auditor general’s report is withheld from the public, Malaysians will continue to disbelieve and doubt the government’s story. The government is morally bound to establish the truth beyond any doubt.  

Many Malaysians are wondering why the auditor general’s report is classified under the OSA. What justification is there for it? What incriminating revelation does it contain that the government is so determined to prevent the Malaysian public from knowing?  

The question arises: can the government legally prevent this report from being tabled in Parliament for discussion? Has the government the constitutional authority to withhold this report from the elected representatives of the people?  

It has been pointed out that the government does not have any such authority to do this. According to Article 107 (1) of the Federal Constitution, “The Auditor General shall submit his reports to the Yang di-Pertuan Agong, who shall cause them to be laid before the House of Representatives.”  

It is, therefore, a constitutional mandate for the Agong to cause the report “to be laid before the House of Representatives.” It cannot be ignored or set aside. It is a mandatory provision which cannot be subverted or interfered with. It has to be honoured.  

By merely classifying it under the OSA, the report cannot be prevented from being tabled in Parliament. The government has no lawful authority or basis to do so. Parliamentary convention dictates that members of Parliament have a right of access to this report.  

Clare Rewcastle-Brown has thrown down the gauntlet. The only honourable thing for the prime minister to do is to pick it up and respond like a gentleman. He cannot be evasive or remain indifferent to this challenge. His credibility and integrity are at stake. He is our prime minister, and he shouldn’t shame us by refusing to sue Clare Rewcastle-Brown.  

Let the attorney general, who has cleared the PM from any wrongdoing in the 1MDB saga, lead the charge to secure her extradition from Britain to face trial in Malaysia. The honour of the nation is at stake. He must not fail us.

 

The RM12m question.

What exactly happened to the $12 million ransom money raised by the family and relatives of the four kidnapped victims???  Why so many different stories and where does the truth lie???  Who are the liars-definitely not the ones who raised the money??? Readers' comments!!!

Quote:
6th Generation Immigrant: How many sides are there to a Malaysian coin? Only God knows.

Family: We handed RM12 million to the Special Branch and the family did not keep even a single cent they collected. IGP: No ransom was ever paid to secure the release of the kidnapped victims.

DPM: The money was donated to Islamic organisations in the Philippines. IGP: I categorially deny the SB received any of the ransom.
What the DPM meant in his statement was that there was a third party (but Islamic organisations in the Philippines one must guess here) involvement as the police never agrees to deal with and in ransom.

Manila Times: Abu Sayaf only received RM8.8 million in ransom.
So which sides of the coin does our Malaysian leaders fit into. Now, and obviously, we know that ransom was indeed paid but some of the monies were siphoned or leaked in the transaction process.
The DPM and IGP surely must now come out with a joint, better and a more believable crafted, press release to redeem our Malaysian integrity.

Odin Tajué: The lack of forthrightness and of brilliance in many of those in authority in Malaysia have been amply demonstrated in this episode.
What the home minister and the IGP (inspector-general of police) have said is already well known. Perhaps less known is the fact that the deputy home minister has three days ago urged the public and families of the four Sarawakians abducted to douse the spotlight on the RM12 million raised for the release of the foursome.
His reason was that discussion on the money could invite more kidnapping. "When you reveal that such a sum can be raised," he explained, "about RM3 million for each hostage, then you are encouraging them to go and kidnap again."
But the foursome was released 11 days before he made that statement. Therefore, the Abu Sayyaf already knew how much was raised for the ransom. Enough said.

Doc: The Jews may be famed with being the best bankers and scientists in the world. The Germans may be famed with being masters of engineering. The Americans, famous for being innovators and leaders.
The Thais are famed for their food. Singaporeans are famed for constantly evolving. The Swiss are famed for being neutral. The Afghans for being fearless fighters after centuries of pretty much; fighting.
The Greeks gave us democracy. The Indians are known for thriving under chaos hence are the best in the fields of medicine and business.
The Chinese are known to learn fast and in getting good at pretty much everything. The Kenyans are known for endurance. The Brazilians are known for partying and football.
The Aussies are known for trying to be unique. Russians are proud. UAE and Qatar gave us opulence. Iraq was famous for being the cradle of civilisation.
Sadly, at the rate it is going, the Malaysians may be labelled as the most shameless people around, not thanks to those despicable few Malaysians in power.

Anonymous_4056: How could legitimate and religiously sanctioned organisations accepted such haram money in the holy month of Ramadan? y they are eternally cursed and condemned for causing tremendous sorrow and pain.

Unquote

ICAC and MACC ... no comparison

 When the MACC was formed in 2009, much was touted that it would emulate the good work of the ICAC Hong Kong. Sadly, this has not happened. Instead today MACC and ICAC stand poles apart in terms of their reputation and image.

This is what Sir Murray MacLehose, Governor of Hong Kong, had to say in 1973 before the establishment of the ICAC in 1974, 

"I think the situation calls for an organisation, led by men of high rank and status, which can devote its whole time to the eradication of this evil. A further and conclusive argument is that public confidence is very much involved. Clearly the public would have more confidence in a unit that is entirely independent, and separated from any department of the Government, including the Police."

Now, we can see why MACC is a lost cause.

This is one guy who in all likelihood may give Najib and Rosmah nightmare

Rosmah and Najib must be scared of this Pakistan-born American AG who will make life miserable for the Malaysian 'Royal' couple!!!  He is now involved in investigating 1MDB's illegal money laundering activities.

QUOTE:
This guy, Preetinder Singh Bharara (Preet Bharara) is an American Attorney-General who has prosecuted over 100 Wall Street executives and politicians. Now, he is investigating Najib, Jho Low and 1MDB. Apparently Rosmah has been trying very hard to get in touch with his people to convince him to stop the probe. However, she has been advised that he is non-bribable, he is not scared nor intimidated by anyone and only believes in upholding justice. Not even Obama would be able to convince him. Looks like there is some light at the end of the tunnel..
UNQUOTE

Ode to Dr Mahathir Mohamed?

Read this poem by Nib Mihar. Very interesting indeed.

Let us look back over the years
All the agony, all the tears
In this land of ours
The scandals which were enormous

The Bumiputera Malaysia  inance
The scandal that got out of hands
Billions lost at our expense
When loans were given to friends

Jalil Ibrahim was murdered
He knew too much it was rumoured
His body was discovered
But the truth remained covert

Two dollar Maminco was created
To control tin price it was intended
Still the tin price went absurd
Billions lost was never expected

Bank Negara Malaysia made a loss
Played Forex like George Soros
RM30 billion were lost
All at taxpayers cost

Perwaja came to the fore
Industrialization was the core
Losses made but still they want more
Our money to save the iron ore

Crony Eric Chia appointed to rescue
To make profits that was overdue
But it became more 'haru biru'
RM10b lost our money too

Then we have Petronas
To save our country's ass
Konsortium Perkapalan losses amassed
Whose company, make a guess

Paid out by the billions
As instructed by those lions
We became servile minions
Even if we lost trillions

MAS shares at eight ringgit
Were sold to a so called pundit
At less than half the price of it
Tajudin Ramli the name of the culprit

MAS got worse
And it burst
As usual, bail out we must
To save it from further rust

Now we have PKFZ
Another money making target
By those idiots who set
To make as much as they can get

Then came the NFC
RM250 million paid to a Minister's family
Agreement not signed but paid already
The intention to buy cows overseas

Taxpayers money were used
To purchase condominiums we are not amused
That was really an abuse
Don't make it an excuse

They say this is the mother of all scandals
1MDB created by those rascals
Should we throw at them our sandals
To show disgust at how they handle

Tabung Haji meant to rescue
Do you think they have a clue?
Under instruction, it is true
From you know who

But what have we done?
Just sitting under the sun
All these scandals one by one
We still elect them to run

Then why complain
About the rain
And the pain
We are not going to gain
Our anger all in vain
Because we select them again
Again and again

It's time for all good men to come the aid of his country, or is it?

The Who's Who in the anti-Najib campaign. Until this morning, such a gathering of old foes would have been thought inconceivable.

Just when Najib thought it was safe to come out in the open again, then came this.

 SWISS GO NUCLEAR - AG SAYS "US$4 BILLION WAS MISAPPROPRIATED FROM 1MDB"
29 Jan 2016
No playing games - Swiss Attorney General Michael Laubersaid refuses to condone Apandi's whitewash attempt.

Well after normal office hours on Friday the Swiss Attorney General’s Office detonated the diplomatic equivalent of a nuclear bomb under the attempts by Najib and his own Attorney General to bury the scandal around 1MDB.

Responding to the Malaysian AG Mohammed Apandi’s surprise announcement this week that Najib had been “cleared” of any wrongdoing by the Malaysian Anti-Corruption Commission investigation, the Swiss Attorney General Michael Laubersaid has issued a media statement of possibly unprecedented bluntness from the traditionally low-profile Swiss authorities.

The devastating one page document, delivered in the form of a public request for Malaysia to assist in Switzerland’s own criminal enquiries into 1MDB, has blown the whistle on the entire case and laid out in astonishing terms the key aspects of the Swiss investigation’s findings so far.

In doing so, the Swiss Attorney General has substantiated each of the major allegations published by Sarawak Report and other investigators into 1MDB over the past year, since the original details from the dossier of Swiss national Xavier Justo were first revealed by this news portal.

Click here for the full press release
Detailed assault on Malaysia’s claims of innocence at 1MDB

Explaining his “request for mutual assistance” the Swiss AG has made several landmark revelations, confirming official concerns about corruption on an epic scale at 1MDB.

He has introduced a new figure of US$4 billion as the suspected amount that his officials believe has been criminally misappropriated from the fund. A sum, which, he points out, was “earmarked for investment in economic and social projects in Malaysia”.

“The sum suspected to have been misappropriated amounts to around USD 4 billion… So far it has been ascertained that a small portion of the money was transferred to accounts held in Switzerland by various former Malaysian public officials and both former and current public officials from the United Arabic Emirates” [press release by Swiss AG Michael Laubersaid]

In publishing this bold assertion the Swiss AG has shot out of the water months of twisting and turning by 1MDB and its new CEO Arul Kanda and his boss the Minister of Finance, as they have attempted to explain the billions missing from 1MDB.
All but named!

The Swiss AG does not mince his words in pointing the finger at those he believes to be responsible for the shocking misappropriation or the crimes for which he believes they should be prosecuted.

On the list of people identified as responsible are “foreign public officials” suspected of being bribed; “various former Malaysian public officials and both former and current public officials from the United Arabic Emirates”

He further reveals that “criminal proceedings opened on 14th August 2015 against two former officials of the Malaysian state-owned fund 1MDB (1Malaysia Development Berhad) and persons unknown” under a series of Swiss laws, a proceeding which had not previously been publicised.

Sarawak Report suggests that the individuals referred to by the Swiss AG under these categories are likely to include the Prime Minister of Malaysia, Jho Low, the former CEO of 1MDB, Shahrol Halmi and the former Abu Dhabi Aabar fund managers, Khadem al Qubaisi and his deputy Mohamed al Husseiny.

The above men have all been featured as key players in Sarawak Report’s exposes on 1MDB. The crimes outlined by the Swiss Attorney General, of which they are together or separately suspected are “bribery of foreign public officials; misconduct in public office; money laundering and criminal mismanagement”

The unrelenting and direct accusations by an objective foreign regulator leave the Malaysian Prime Minister’s claims that the allegations against 1MDB have been an “unnecessary distraction” in tatters.
Swiss are investigating all aspects of the 1MDB scandal

The AG’s statement also makes clear that, far from limiting their investigations, the Swiss have extended their criminal enquiries into all the main aspects of the 1MDB financial scandal, as covered in recent Sarawak Report exposes. He mentions four main areas of shady operations, but indicates there may be more:

“So far four cases involving allegations of criminal conduct and covering the period from 2009 to 2013 have come to light in this connection (relating to Petrosaudi, SRC, Genting/ Tanjong and ADMIC”

The fact that Swiss banks were dragged into almost every aspect of 1MDB’s activities by the main perpetrators must indeed now stand as a point of considerable regret by them.

The issues referred to by Laubersaid include the original PetroSaudi heist of a total of US$1.5 billion, as well as the series of massive bond deals conducted together with Aabar in 2012, supposedly to fund two power plant purchase deals by 1MDB. Huge sums were recorded missing from the Aabar deals as well as from a subsequent ‘Strategic Partnership” with Aabar in 2013.

The final referrence to ADMIC shows that the Swiss are also looking into the money that was transferred by Jho Low from his Good Star company account in Zurich to his BSI Singapore account held under the name of ADMIC (Abu Dabhi Malaysia Investment Corporation).
Banks in the spotlight

Other players, who are now faced with worrying questions to deal with in these investigations, are the major banks which facilitated these deals.
Leissner has bowed out of Goldman, just as the questions piled up

Leissner (with model wife) has bowed out of GSI just as the questions piled up

The Swiss private banks RBS Coutts Zurich, JP Morgan Zurich, BSI, Falcon Bank, and Bank Privee Edmond de Rothschilde Europe are all facing questions about the hundreds of millions processed through the accounts of these public officials and politically exposed persons.

Also likely to be highly concerned is the American giant Goldman Sachs. The main individual behind the 1MDB bond deals, their Singapore boss Tim Leissner was reported to have taken leave from the bank only last week. Sarawak Report has reported for months on the eyebrow raising sums paid to the bank in return for unusual and enormous bond deals raised for 1MDB.
Malaysia is put on the spot

By going public in this brutal and highly unusual way, the Swiss have made plain they want no more nonsense from Najib or his henchmen like Apandi.

Laubersaid makes yet another revelation in his jaw-dropping press release, which is that the Malaysian AG had met with his officials in September and promised full cooperation. That cooperation, he implies, is yet to be fulfilled on Apandi’s part:

“Cooperation between the two countries was already discussed at a meeting in Zurich on 15th September 2015 between the Swiss Attorney General and his Malaysian counterpart. This request for mutual assistance now puts the agreement in principle that was reached into concrete terms”

It means, in short, that what Apandi has said to the Malaysian public is not what he was saying in private and that his claims of there being no evidence to pursue charges against 1MDB are nonsense in the eyes of his European counterpart.

This letter refers to a “systematic course of action by means of complex financial structures” by the alleged perpetrators of the crimes against 1MDB and Laubersaid makes clear his impatience with the fact that despite this looting of billions from Malaysia’s public companies “the Malaysian companies concerned have made no comment on the losses they are believed to have incurred”.

The Swiss authority ends on a conciliatory note, explaining that, given no Malaysian company has yet raised this issue of their massive losses, the Swiss are offering their assistance to “advise the companies and the Malaysian government of the results of the Swiss criminal proceedings with the aim of finding out whether losses on this scale have been sustained”.

Wall Street Journal

Before the release of their media statement the AG and his officials also gave spoken comments to the Wall Street Journal. Laubersaid had told the WSJ:

“We are very concerned. We have found evidence of suspicious money transfers linked to 1MDB going through Swiss financial institutions, and we believe that it is very important that it is shared with the Malaysian authorities.”

It was just hours later that he moved to action, making what may become a historic step in the fight to combat global money-laundering.

This weekend the beleaguered voices from the Malaysian Anti-Corruption Commission, the Bank of Malaysia and those others from the world of politics who have protested against a year of 1MDB cover-ups have found a powerful new ally from the international financial stage.

Read the full statement here from Sarawak Report.

So, Najib thought he could get away after Apandi cleared him off the 1MDB corruption charge. But look who is stalking him to give him more nightmares.

Najib, you are now in the limelight. Congratulations.

Now, isn't this amazing?

King Abdullah in Abdulaziz of Saudi Arabia died on January 23 2015, but Zahid Hamidi claims he met him on August 23 2015 to talk about the RM2.6b loan.  

You must be shitting us, Zahid, unless you were talking to a corpse.