Following the exclusive report by Malaysiakini yesterday that top Malaysian politicians, their family members and well-heeled associates are among those owning secretive offshore companies in Singapore and the British Virgin Islands, I call on every member of Datuk Seri Najib Razak’s outgoing Cabinet Ministers to declare whether they or their family members own off-shore companies.
From files obtained by the Washington-based International Confederation of Investigative Journalist (ICIJ) and examined by Malaysiakini, more than 1,500 Malaysians own offshore companies in Singapore as well as the British Virgin Islands (BVI).
Politicians and political operatives who own offshore companies include former prime minister Dr Mahathir Mohamad’s son Mirzan, Federal Territories and Urban Well-being Minister Raja Nong Chik Zainal Abidin and Michael Chia, the alleged ‘bagman’ for Sabah Chief Minister Musa Aman.
In an “exclusive” yesterday, Malaysiakini reported:
“The ICIJ list comprises a curious mix of Forbes-listed tycoons, parliamentarians, retired politicians, civil servants and their spouses, members of royal families, famous and infamous businesspeople, underworld kingpins and even former beauty queens.
“While some of the offshore companies carry out legitimate transactions, others are likely to be part of the RM871.4 billion estimated by Washington-based financial watchdog Global Financial Integrity (GFI) to have been lost through illicit outflows over a 10-year period.
“In 2010 alone, GFI reported that close to RM200 billion of dirty money was siphoned out of Malaysia, putting the country second only to Asian economic powerhouse China in global capital flight.”
Najib has been failing test after test as to whether he is serious and sincere in elevating accountability, transparency, integrity and good governance as major goals of his administration.
why not , N follow Mahathir currency regime , capital control, all the money RM will return back to KL
this issue will back fire to Dapters supporter
vote BN
How far off is Malaysia now compared to Taiwan and Korea that came under IMF? What do you know about capital control when you have illicit outflow in capital flight? Care to enlighten us?
Only childish people believe corrupted mind people would return the money they stolen.
Like the cow-gate woman said : they individually don’t know, really speaking, what their other halves, spouses, family, proxies etc etc did or were doing. They don’t have a clue really as to what these relatives, cronies and proxies did. They don’t and didn’t ask.
So how to blame them when they really didn’t know anything? Can you prove that they knew something?
Have they all signed the Integrity Pledge ? So what if they did ? It is only a piece of paper with some meaningless words. Who can do anything about it ? Paul Low ? Hahahahahahaha !
Money flows out of the country so freely and easily.
Just like how easy it is for illegal immigrants and terrorists to freely enter the country and become instant citizens.
Everything in BN’s 1Malaysia is easy.
the nation going to be fragmented , chauvinist and parochial , if u vote Pakatan
Vote for BN
You can get a clear picture of off-shore’s funds…only if you vote BN out.
Chengho is drunk talking weird stuffs again.
Oh yeah chengho is at it again. You see inhaling methane gas in the NY underground longkang can be intoxicating indeed.
And wat is jibs fuss over vetting his winnable candidates?
chengho, you can use your big tongkang to help bring back those “illicit outflow in capital flight” mentioned by Noble House, and this will prove that you are the best commenter in LKS blog.