Month: February 2017

The first step to Save Malaysia from global kleptocracy is to end the “global pretence” that the international multi-billion dollar 1MDB money-laundering scandal had been resolved and ceased to be an issue.

This was what the Prime Minister, Datuk Seri Najib Razak had promised more than a year ago.

In his meeting with some 1,000 UMNO divisional leaders and selected representatives of NGOs on 14th June 2015, Najib gave an assurance that the controversy surrounding the state investment arm 1MDB will be resolved by year-end.

In his 2016 New Year message on 31st December 2015, Najib told Malaysians that his RM50 billion 1MDB and RM2.6 billion donation twin mega scandals had been resolved and were no more issues.

Najib could not be more wrong, as illustrated by the decision yesterday of the Swiss Financial Market Supervisory Authority (FINMA) ordering Coutts & Co., which is owned by the Royal Bank of Scotland, to surrender 6.5 million francs (RM29.1 million) in illegal profits from transactions linked to 1MDB. Continue reading “First step to Save Malaysia from global kleptocracy is to end “global pretence” that 1MDB scandal has been resolved and ceased to be an issue”

Jeevan Vasagar in Singapore
Financial Times
3rd Feb 2017

Swiss financial supervisor sanctions bank over lapses linked to Malaysian fund

Swiss authorities have accused Coutts, the private bank, of repeatedly ignoring internal warnings over its dealings with a businessman who has been linked to a plot to loot billions of dollars from 1MDB, the Malaysian state investment fund.

Numerous “high-risk” transactions were processed through a Coutts account opened by the Malaysian businessman in Zurich, including the use of $35m for visits to casinos and the purchase of luxury services such as chartering yachts, according to the Swiss inquiry.

Finma, the Swiss financial regulator, ordered Coutts to pay back profits of SFr6.5m, which were allegedly generated unlawfully. It is also considering enforcement proceedings against bank employees.

The Swiss action is the latest step in a global regulatory crackdown against banks involved in the 1MDB scandal. Continue reading “Coutts ordered to pay back SFr6.5m of profits over 1MDB”

This is an era not only of “fake news” and “false stories”, but also the dissemination of myths and false perceptions.

It was the Prime Minister and UMNO President, Datuk Seri Najib Razak himself who kicked off the UMNO propaganda of Nazi-type Big Lies in his UMNO Presidential Speech on Nov. 30, claiming that

1. That the 14th General Elections will be a contest between UMNO and DAP;

2. That the DAP is anti-Malay and/or anti-Islam.

3. The “nightmares” Malay will suffer if UMNO loses power in the next general elections.

If there is any basis to these three “Big Lies”, Najib would have jumped at the opportunity to expose and tear me to pieces when I challenged him to a live television debate, but Najib knew better than to accept my challenge to a live television debate for there is no way he could substantiate his Nazi-style Big Lies.

But the UMNO leaders, propagandists and cybertroopers are also spreading myths and false perceptions, such as the Malays in Penang are being oppressed by the DAP-led Penang State Government and that the Malay voters in Penang have no confidence or support for the DAP-led Penang State Government. Continue reading “In Penang State, UMNO is losing support of Malay voters while DAP and Pakatan Harapan + Bersatu are gaining more support of Malay voters”

Jon Sharman
Independent
2nd Feb 2017

Donations to rebuild the Islamic centre are adding up

Jewish people in a small Texas city handed Muslim worshippers the keys to their synagogue after the town’s only mosque was destroyed in a fire.

The Victoria Islamic Centre burned down on Saturday and had previously been burgled — the cause is being investigated by federal officials.

But the town’s Muslim population will not be without a place to worship while their building is reconstructed, thanks to their Jewish neighbours. Continue reading “Jewish people give Muslims key to their synagogue after town’s mosque burns down”

ERASMUS
Economist
Feb 1st 2017

Why Muslim pundits feel let down

AMIR AHMAD NASR is about as pro-Western as anyone born deep inside the world of Islam could possibly be. Born to Sudanese parents whose professional lives took them to many countries, he is bilingual in Arabic and American English. He believes passionately in liberal democracy and the free exchange of ideas. He has no patience with those who think that authoritarian systems of government, whether secular or Islamist, are better suited to certain countries. The globe-trotting author and digital activist has recently settled, gratefully, in Canada.

Mr Nasr used his Western freedom to do something that he could not have managed if he were still living in the Islamic heartland. With disarming humour, he described his own spiritual path in a successful book with an almost self-explanatory title, “My Islam: How Fundamentalism Stole My Mind and Doubt Freed My Soul”. This recounts how he went through a phase of believing not only in Islam’s literal truth but in the duty to despise people outside the tent of strict Sunni orthodoxy, and then his evolution through many stages into what he calls himself now: a cultural Muslim and spiritual humanist. Continue reading “How the travel crackdown is affecting North American debate on Islam”

The Save Malaysia Roundtable of political and civil society leaders to save Malaysia from global kleptocracy and a failed and rogue state on Tunku’s 114th birthday anniversary in Kuala Lumpur next week is the best forum for the Prime Minister, Datuk Seri Najib Razak and his Cabinet to start the process to free Malaysia from the millstone of global kleptocracy.

This will make the Save Malaysia Roundtable doubly significant, not only on the occasion of the114th birthday anniversary of Bapa Malaysia, but to send out the clear message that the 2017 Chinese New Year of the Fire Rooster will be the only kleptocratic Chinese New Year in the history of Malaysia and that in the next year, the Chinese New Year and other national festivities would not be celebrated under a cloud of global kleptocracy!

Almost everybody is saying that it is impossible that Najib will attend the Save Malaysia Roundtable.

I agree that it appears to be quite inconceivable that Najib would attend the Save Malaysia Roundtable to save Malaysia from global kleptocracy and a failed and rogue state, as it would involve Najib’s preparedness – not seen up to now – to open up the international multi-billion dollar 1MDB kleptocratic money-laundering scandal to national and international scrutiny to prove that it is not a scandal at all, although the 1MDB scandal is making international waves and world headlines almost every other day.

The issue is whether Najib and his Cabinet are prepared to start the process to free Malaysia from the millstone of global kleptocracy, or whether they will go down in history as being responsible for Malaysia’s millstone of global kleptocracy and not prepared to do anything to remove such a millstone. Continue reading “Save Malaysia Roundtable on Tunku’s 114th birthday anniversary next week best forum for Najib to start process to free Malaysia from the millstone of global kleptocracy”

By Luke Hunt
The Diplomat
January 31, 2017

The embattled premier’s cosmetic measures cannot conceal economic realities in the country.

The Malaysian economy has been put through the hoops. In spite of reassurances from the country’s beleaguered premier Najib Razak that the current economic turbulence is only a temporary affair caused by offshore factors, the evidence does point to the contrary.

Najib’s government knows this. It has side-stepped long-held promises to win Malaysia recognition as a developed country by 2020. And it has announced a string of statements and measures designed to either distract from these economic realities or aim to address them.

One revenue-raising initiative announced was charging Thai vehicles a fee for simply crossing their land border. That move has angered the Thai transport ministry which is now mulling a reciprocal tax. Continue reading “Najib’s Window Dressing Can’t Hide Malaysia’s Woes”