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Q&A: How scandal in Malaysia hit a Swiss private bank

Michael Peel, Bangkok regional correspondent
Financial Times
May 24, 2016

Regulators in Europe and Asia have cracked down on BSI, the Swiss private bank, over alleged money-laundering failings related to the scandal over Malaysia’s 1MDB state investment fund. Claims that billions of dollars have been misappropriated from Malaysian state companies have spawned probes on several continents. BSI is now under criminal investigation in its home country and has been ordered to shut down in Singapore. It has been fined S$13.3m in Singapore and forced to disgorge profits of SFr95m in Switzerland. Here are a few questions raised by Tuesday’s events.

1. What was BSI’s relationship with 1MDB? Continue reading “Q&A: How scandal in Malaysia hit a Swiss private bank”

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Swiss bank to be shut over Malaysia scandal

Geir Moulson and Jamey Keaten
Associated Press
USA Today
May 24, 2016

GENEVA – A Swiss private bank will face criminal proceedings and be liquidated after allegedly committing serious breaches of anti-money laundering regulations in connection with the suspected embezzlement of a Malaysian state investment fund.

Switzerland’s market supervisor indicated Tuesday that BSI SA helped transfer money to the Alpine country connected to the Malaysian fund called 1MDB. Investigations so far into 1MDB have indicated that $4 billion earmarked for development projects in Malaysia may have been misappropriated from state-owned companies.

The Swiss market supervisor, FINMA, said that in the 1MDB case, BSI “executed numerous large transactions with unclear purpose over a period of several years and, despite clearly suspicious indications, did not clarify the background to these transactions.” Continue reading “Swiss bank to be shut over Malaysia scandal”

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Swiss Open Criminal Proceedings Against BSI Over Malaysia Fund Allegations

By NICK CUMMING-BRUCE
New York Times
MAY 24, 2016

GENEVA — The authorities in Switzerland said on Tuesday that they had begun criminal proceedings against one of the country’s oldest banks, BSI, after allegations that it had laundered huge sums for “politically exposed” individuals linked to a scandal-plagued Malaysian state investment fund.

The Swiss attorney general’s office said in a statement that it suspected “deficiencies in the internal organization of the BSI S.A. bank” and believed “that due to these deficiencies, the bank was unable to prevent the commission of offenses currently under investigation in the criminal proceedings relating to” the investment fund, 1Malaysia Development Berhad.

The prosecution arose from an investigation that Switzerland started last year into suspected misappropriation of billions of dollars from the Malaysian fund, also known as 1MDB, and that it has pursued in cooperation with the authorities in Luxembourg, Singapore and the United States. Continue reading “Swiss Open Criminal Proceedings Against BSI Over Malaysia Fund Allegations”

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1MDB financial scandal – the global noose is closing in while at home the Ministers are in sixes and sevens trying to defend the indefensible

Three international developments today are harbingers of the global noose of the 1MDB scandal that is closing in, viz:

• The withdrawal of the BSI Bank’s status as a merchant bank in the city state by the Monetary Authority of Singapore for “serious breaches of anti-money laundering requirements, poor management oversight of the bank’s operations and gross misconduct by some of the bank’s staff” and the reference of six members of the BSI Bank’s senior management and staff to the public prosecutor – after investigations into the 1MDB scandal in Singapore.

• Commencement of criminal proceedings by Switzerland’s Office of the Attorney General (OAG) against BSI SA Bank for allegedly failing to prevent offences linked to 1MDB, including offences of money laundering and bribery of foreign public officials. Swiss authorities believe at least RM4 billion in Malaysian state fund had been misappropriated as part of their investigations into 1MDB scandal.

• Resignation with immediate effect of Swiss Bank BSI’s Group CEO Stefano Coduri following the announcement by the Money Authority of Singapore on the closure of its Singapore branch and criminal proceedings by the Swiss OAG in connection with their 1MDB investigations.

At home in Malaysia, however, Prime Minister Datuk Seri Najib Razak’s Ministers and minions are in sixes and sevens, indulging in sophistry, prevarication, obfuscation and downright evasion defending the indefensible instead of being true and frank about the RM50-55 billion 1MDB and RM4.2 billion global financial scandals. Continue reading “1MDB financial scandal – the global noose is closing in while at home the Ministers are in sixes and sevens trying to defend the indefensible”

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Confidence wanes in Malaysia govt-backed 1MDB bonds

Straits Times
24th May 2016

SINGAPORE • The fortunes of bonds in Malaysia’s troubled investment fund 1MDB are diverging this month: Those guaranteed by Abu Dhabi’s sovereign wealth fund have rallied, while notes with support from Malaysia’s own government have dropped.

Its 4.4 per cent 2023 notes, backed by a letter of support from Malaysia’s government, slumped 6.4 per cent in May, set for the worst slide in 16 months. The fund’s 5.99 per cent 2022 bonds, on which Abu Dhabi’s International Petroleum Investment Co (IPIC) paid interest earlier this month in its role as guarantor, gained 1.9 per cent, the most since at least September 2014.

The contrast reflects growing investor concern about the Malaysian government’s backing as it grapples with an economy forecast to expand at its slowest pace in seven years amid a collapse in oil prices. 1MDB is at the centre of multiple investigations from Switzerland to the US amid allegations of money laundering and embezzlement.

Even as the firm has consistently denied wrongdoing, it has brought negative attention to the government. Continue reading “Confidence wanes in Malaysia govt-backed 1MDB bonds”

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Malaysia’s Prime Minister Resurrected And Hitting Back?

Greg Lopez
Forbes
MAY 23, 2016

Malaysia’s embattled prime minister seems to be weathering the corruption allegations – and by some signs may even be going back on the offensive.

On Jul. 2, 2015, the Wall Street Journal “alleged” that $700 million had gone into the personal bank accounts of Malaysian Prime Minister Najib Abdul Razak.

On Aug. 3, 2015, the Malaysian Anti-Corruption Commission (MACC) reported that the alleged $700 million deposited into Razak’s accounts came from donations, and not from the debt-laden 1MDB.

Many opined that he could not possibly survive this disclosure; with several suggesting that he was a “dead man walking”.

If Razak is likened to a pharaoh – a term given to Malaysia’s longest serving prime minister, Mahathir Mohamed, who is now the main protagonist in attempting to bring down Razak – one could say that the period between Jul. 2, 2015 and May 8, 2016 was a period where Razak was “mummified,” safe within the pyramid. Several defensive measures were later followed with the election triumph of the Barisan Nasional (the ruling coalition that the prime minister leads) in the Sarawak state election, suggesting that the “mummy” is now fully resurrected. Continue reading “Malaysia’s Prime Minister Resurrected And Hitting Back?”

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Time for Najib to speak up personally and state which version or versions about the source of the multi-billion ringgit deposits into his personal bank accounts was the true and correct one

Since the expose by Wall Street Journal in early July last year of the RM2.6 billion into Prime Minister, Datuk Seri Najib Razak’s personal banking accounts, there have been numerous diverse and even conflicting versions about the source of the multi-billion ringgit deposits in Najib’s accounts, with the total figure expanding from RM2.6 billion to RM4.2 billion.

The latest and newest version about the source of the RM2.6 billion donation to Najib’s personal banking accounts came from the Director-General of Department of Special Affairs (Jasa), Datuk Mohd Puad Zarkashi in his speech in Canberra in his international “Veracity Tour” to “brainwash” Malay students overseas.

Puad told Malay students in Canberra that Najib had told UMNO leaders when the Wall Street Journal reported the expose in early July last year that he had “Bank Negara documents” to approve the transfer the money (RM2.6 billion) into his personal accounts and that he had discussed it with the Bank Negara governor.

According to Puad, Najib denied the money originated from 1MDB and told UMNO leaders that the money was from the Saudi King (Raja Saudi) to “combat the Islamic State, and secondly, to help in other places such as in Palestine and others”.

The other and sometimes conflicting versions of the source of the RM2.6 billion “donation” into Najib’s personal bank accounts include: Continue reading “Time for Najib to speak up personally and state which version or versions about the source of the multi-billion ringgit deposits into his personal bank accounts was the true and correct one”

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Tunisian Islamists Al Nahda move to separate politics, religion

Gulf News
Reuters
May 23, 2016

Unlike the Muslim Brotherhood in Egypt, Al Nahda was able to survive in Tunisia despite initial conflict with secularists

Tunis: Tunisia’s Islamist party Al Nahda will separate its political and religious work, its chief said on Friday, moving away from its tradition of political Islam.

Al Nahda was the first Islamist party to come to power in the wake of the 2011 Arab Spring revolutions and it took part in the first government coalition after the overthrow of Tunisia’s autocratic leader Zine Al Abedin Bin Ali.

It won the first post-uprising election by appealing to many Tunisians who saw its Islamist identity as an antidote to the years of corruption and repression under the Bin Ali government in one of the region’s most secular nations.

Free elections, a new constitution and a compromise politics between secular and Islamist parties have helped Tunisia avoid the turmoil seen in several other Arab nations.

“Al Nahda has changed from an ideological movement engaged in the struggle for identity, to a protest movement against the authoritarian regime, and now to a national democratic party,” Ghannouchi told supporters at a rally. “We must keep religion far from political struggles.” Continue reading “Tunisian Islamists Al Nahda move to separate politics, religion”

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Tunisia’s Nahda party ditches Islamist tag

Heba Saleh in Cairo
Financial Times
May 22, 2016

Tunisia’s Nahda party, a member of the governing coalition and the biggest force in parliament, has ditched its ‘Islamist’ label, saying it would end its religious activities and devote itself solely to politics.

The change, adopted in a vote by an overwhelming majority of delegates at a weekend party conference, is unprecedented in the region for an Islamist group. It also marks another milestone in the evolution of a once-repressed movement persecuted under the secular dictatorship of Zein al-Abidine Ben Ali but which staged a strong come back after the 2011 revolution.

Under the leadership of its founder, Rachid Ghannouchi, Nahda has demonstrated political flexibility by striking a historic bargain with influential secular groups. This prevented the democratic transition from unraveling and helped make Tunisia the only success story among Arab countries which staged uprisings in 2011.

Addressing the Nahda conference, held in a stadium and attended by 1,300 delegates, Mr Ghannouchi said: “Nahda has evolved from defending identity to ensuring the democratic transition, and today moves on to focus on the economic transition.”

He also said that religion would be kept apart from “political struggles” and mosques should be completely neutral and play no role in politics. Continue reading “Tunisia’s Nahda party ditches Islamist tag”

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Will PAC Chairman Hasan apologise for his several breaches of parliamentary privileges in connection with PAC Report on 1MDB and make amends by tabling in Parliament the Report of Auditor General on 1MDB as he had promised on 7th March and re-open investigations into 1MDB scandal?

Will the Public Accounts Committee (PAC) Chairman Datuk Hasan Arifin apologise for his several breaches of parliamentary privileges in connection with the PAC Report on 1MDB and make amends by tabling in Parliament the Report of the Auditor-General on 1MDB as he had promised on 7th March?

On 7th March 2016, Hasan gave a categorical statement that the Auditor-General’s final report on 1MDB investigations would be “declassified” under the Official Secrets Act 1972 once the PAC tables its report to Parliament.

The PAC Report on 1MDB was tabled in Parliament on April 7, and there are no signs that the Auditor-General’s final report on the 1MDB will be tabled in Parliament, which will adjourn on Thursday this week.

Hasan had said at the time that the Auditor-General Tan Sri Ambrin Buang had explained that the Auditor-General’s final report on 1MDB will no longer be a classified document under OSA once PAC tables its 1MDB report.

Can Hasan explain why he is dragging his feet in tabling the Auditor-General’s final report on 1MDB as attachment to the PAC Report on 1MDB?

What has Hasan and Prime Minister Datuk Seri Najib Razak and his government to hide in refusing to make public the Auditor-General’s final report on 1MDB? Continue reading “Will PAC Chairman Hasan apologise for his several breaches of parliamentary privileges in connection with PAC Report on 1MDB and make amends by tabling in Parliament the Report of Auditor General on 1MDB as he had promised on 7th March and re-open investigations into 1MDB scandal?”

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Puad Zarkashi has let the cat out of the bag – the obsession of Najib and UMNO leaders about the 1MDB and “donation” scandals which have catapulted Malaysia to world’s top nations associated with global corruption

The Director-General of Department of Special Affairs (Jasa), Datuk Mohd Puad Zarkashi has let the cat out of the bag – that despite all the show and pretence put up by the Prime Minister, Datuk Seri Najib Razak that all the problems created by his twin mega scandals had been resolved, and that the country must move on, the nation’s leadership are still haunted and hounded by the 1MDB and “donation” global financial scandals and could not move on!

This is why the head of one of the propaganda units of government had to conduct a double-speak “Veracity Tour” to meet Malay students abroad to “explain current issues” – or to be more exact, a “brainwash tour” to mislead Malay students overseas about what is happening in the country.

This is why five months after Najib announced to the world that his twin mega scandals were “history” in his 2016 New Year Eve message, and a month after the Public Accounts Committee (PAC) on 1MDB, which only touched on the “tip of the iceberg” of the 1MDB scandal but which Najib hailed as vindication for his premiership, Puad had to embark on a world-wide “veracity tour” to “brainwash” Malay students because the credibility of Najib and his administration was hovering near the zero level!

Unfortunately, Puad is so used to hard and blatant propaganda among UMNO crowds, silenced and compromised by the distribution of various “goodies” at these brain-washing sessions, that he has lost the ability to discern the importance of showing greater finesse and discretion when dealing with more questioning minds among Malay students overseas.

This was why Puad could trot out such arrant nonsense about Najib’s twin mega scandals to Malay students in Canberra, claiming that Najib had told UMNO leaders when the Wall Street Journal reported the expose in early July last year that he had “Bank Negara documents” to approve the transfer the money (RM2.6 billion) into his personal accounts and that he had discussed it with the Bank Negara governor. Continue reading “Puad Zarkashi has let the cat out of the bag – the obsession of Najib and UMNO leaders about the 1MDB and “donation” scandals which have catapulted Malaysia to world’s top nations associated with global corruption”

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Is Malaysian Parliament one-sided and partial where Ministers and senior government leaders like PAC Chairman cannot be referred to Committee of Privileges for lying and the Speaker only a “yes men” to such breaches of parliamentary privileges?

Is the Malaysian Parliament one-sided and partial where Ministers and senior government leaders like Public Accounts Committee (PAC) Chairman cannot be referred to the Committee of Privileges for lying and the Speaker only a “yes man” to such breaches of parliamentary privileges?

The Minister in the Prime Minister’s Department, Datuk Azalina Othman had committed a double contempt of Parliament when:

• firstly, she lied when replying to the DAP MP for Bagan Lim Guan Eng on Monday that PAC members were informed about the deleted lines from the PAC Report on 1MDB because of correspondence from Bank Negara on April 6 that its information was “confidential for the purpose of intelligence only and not for court usage or public report”; and

• secondly, when she defended her first lie with another lie by claiming that DAP MP for PJ Utara and PAC member Tony Pua’s statement that the PAC Chairman, Datuk Hasan Arifin had “never at any point of time communicated with PAC members on any developments subsequent to the meeting on April 4” before the PAC Report on 1MDB was presented to Parliament on April 7, 2016 was “untrue and without any basis”.

In their joint statement in Parliament on Thursday, the Deputy Chairman of PAC, Dr. Tan Seng Giaw (MP – Kepong) and the four opposition PAC members have confirmed that they had never been informed of any Bank Negara correspondence of April 6 before the tabling of the PAC Report on 1MDB on April 7.

The PAC Chairman Hasan Arifin has also committed a grave breach of parliamentary privilege in tampering with the PAC report on 1MDB. Continue reading “Is Malaysian Parliament one-sided and partial where Ministers and senior government leaders like PAC Chairman cannot be referred to Committee of Privileges for lying and the Speaker only a “yes men” to such breaches of parliamentary privileges?”

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Malaysians should speak up to oppose Najib’s plan to turn Malaysia into a national prison where critics and opponents of the Prime Minister and Government are prohibited from travelling freely overseas

Yesterday, I had asked whether there will be any Minister who will resign on a matter of principle if the Cabinet today is not prepared to countermand the arbitrary and undemocratic ban on Bersih Chairperson Maria Chin Abdullah and DAP National Publicity Secretary and MP for PJ Utara, Tony Pua from free travel overseas.

I have not heard of any news that any Minister or Deputy Minister is resigning his or her post in protest against such lurch towards undemocratic and arbitrary practices which have so far been the hallmark of communist and closed societies, representing a major and fundamental difference with democratic and open societies.

Is Malaysia an open and democratic society or has it regressed to become an autocratic and closed society like the North Korean communist regime?

This is a policy question which should involve every Minister and Deputy Minister in view of the “hair-raising” undemocratic and arbitrary decisions to bar critics and opponents of the Najib government like Maria Chin and Tony Pua from free travel overseas.

The Malaysian Parliament itself has become a farce if MPs like Tony Pua and civil society leaders like Maria Chin could be denied their fundamental and democratic right to travel freely overseas. Continue reading “Malaysians should speak up to oppose Najib’s plan to turn Malaysia into a national prison where critics and opponents of the Prime Minister and Government are prohibited from travelling freely overseas”

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UMNO/BN can only be defeated in the Sungai Besar and Kuala Kangsar parliamentary by-elections if there is a “game changer” giving the two by-elections unprecedented national significance and importance

After the 11th Sarawak state general election on May 7, the country is poised for the two Sungai Besar and Kuala Kangsar parliamentary by-elections next month.

Everybody’s first option is to have a one-to-one contest with UMNO/BN in the two by-elections, but this may not be a feasible or even the best political choice.

I have said that although the inability of Pakatan Harapan to campaign as one united team was a cause of great disappointment not only in Sarawak but also in Malaysia, the results of the Sarawak state general election showed that the multi-cornered contests involving Pakatan Harapan parties had not materially affected the outcome of the state election results.

Regardless of whether Pakatan Harapan had been able to present an united front, the results of the 11th Sarawak state general election results would have remained largely the same – Adenan Satam as Chief Minister of Sarawak, Barisan Nasional Sarawak forming the Sarawak state government with continuing two-thirds State Assembly majority and the question to be decided on the May 7 polling day was whether there could be a strong, effective and principled Opposition grouping in the Sarawak State Assembly. Continue reading “UMNO/BN can only be defeated in the Sungai Besar and Kuala Kangsar parliamentary by-elections if there is a “game changer” giving the two by-elections unprecedented national significance and importance”

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Najib’s Ministers have been very busy indulging in sophistry, prevarication, obfuscation and downright evasion instead of being true and frank about the RM50-55 billion 1MDB and RM4.2 billion “donation” global financial scandals

Malaysian Prime Minister, Datuk Seri Najib Razak’s Ministers have been very busy indulging in sophistry, prevarication, obfuscation and downright evasion instead of being true and frank about the RM50-55 billion 1MDB and RM4.2 billion global financial scandals.

It would be difficult to find a denser statement than the one made by the Communications and Multimedia Minister, Datuk Salleh Said Keruak that the Wall Street Journal cannot convince Malaysians if it does not reveal the sources of its stories.

In fact, WSJ must thank Salleh for giving greater publicity to its latest report about Najib’s stepson Riza Aziz’s purchase of a RM137 million property in London is now part of the 1MDB probe by international investigators.

Salleh cannot be more wrong when he suggested that WSJ reports have no credibility unless they reveal the sources of its stories, as it is the Prime Minister and his ministers who have been haemorrhaging from a credibility crisis since the 1MDB global scandal burst on the global scene more than a year ago, till today there is considerable truth in the claim that “For foreign media, Malaysia now synonymous with kleptocracy”. Continue reading “Najib’s Ministers have been very busy indulging in sophistry, prevarication, obfuscation and downright evasion instead of being true and frank about the RM50-55 billion 1MDB and RM4.2 billion “donation” global financial scandals”

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The Malaysia that could be

Michael Vatikiotis
Straits Times
May 15, 2016

Shortly after I arrived in Kuala Lumpur in 1991 as newly appointed bureau chief for the Far Eastern Economic Review, I was introduced to a Malaysian journalist then working here for The Straits Times in Singapore. We worked in a country well known for its disdain for the foreign media; and we were particular targets because our publications were deemed by the government to be biased against or even hostile to Malaysia.

Partly because of the common challenges we faced, but perhaps mostly because we enjoyed eating nasi kandar and roti canai at street- side stalls in Kuala Lumpur or on the many outstation reporting trips we took together, we became good friends.

A quarter of a century later, my close friend Kalimullah Hassan is no longer a journalist – neither am I. Our beloved profession has been much affected by the decline of advertising revenues and the rise of social media. But Kali, as all his friends know him, remains as passionate and concerned about his country as he was when we drove for long hours around rural constituencies in out-of-the-way parts of Kedah, Kelantan and Terengganu covering by-elections.

So when I read his newly published collection of columns and recollections, many of those earnest discussions and arguments we had over steaming cups of teh tarik in the 1990s came flooding back to me. There is his great pride in Malaysia’s ethnic diversity, his deep concern about the divisive racist rhetoric of contested politics and the corrosive impact of patronage and corruption in high places.
Continue reading “The Malaysia that could be”

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Did regulatory slips ‘enable’ the 1MDB scandal?

The Business Times, Singapore
Wednesday, May 18, 2016

WITHIN the span of six years, 1Malaysia Development Bhd’s (1MDB) debt had ballooned 10 times to RM50 billion (S$17 billion) and its business deals are now the subject of probes in seven jurisdictions, including Singapore. Could the mammoth scandal around the state-backed fund have been averted?

The answer is “Yes”, given the events at the strategic investment firm from the outset, which ought to have set off alarm bells at various government agencies, regulatory authorities and financial institutions.

In fact, had there been vigilance and proper checks and balances in the first place, the 1MDB controversy could well have been nipped in the bud. Continue reading “Did regulatory slips ‘enable’ the 1MDB scandal?”

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Will any Minister resign tomorrow on a matter of principle if Cabinet is not prepared to take a policy decision not to emulate communist countries and closed societies by countermanding undemocratic ban on Maria Chin and Tony Pua from free travel overseas?

The Deputy Home Minister, Datuk Nur Jazlan Mohamed said that the issuance of a passport is a privilege and not a right.

Nur Jazlan’s argument is flawed, for the right to free travel (which includes the right to a passport and to travel abroad) is a fundamental human right recognized by universal human rights declarations, whether Article 13 of the Universal Declaration of Human rights, Article 12 of the International Covenant on Civil and Political Rights or Article 10 of the Convention on the Rights of the Child.

Nobody claims that such a human right is absolute, as it is limited like all other human rights under certain circumstances, but the government must act bona fide, fairly, honestly and honorably and not guilty of arbitrary abuses or excesses of power.

The ban on Bersih Chairperson Maria Chin Abdullah from travelling to South Korea to receive the Gwangju Prize on Human Rights Award and on DAP National Publicity Secretary, MP for PJ Utara and Public Accounts Committee (PAC) member, Tony Pua from travelling overseas are clear examples of such abuses of power and egregious violation of human rights in Malaysia.

This a major regression of human rights in Malaysia, as it marks a lowering of human rights standards which had never been contemplated or practiced by the five previous Prime Ministers of Malaysia – Tunku Abdul Rahman, Razak, Hussein Onn, Mahathir and Abdullah. Continue reading “Will any Minister resign tomorrow on a matter of principle if Cabinet is not prepared to take a policy decision not to emulate communist countries and closed societies by countermanding undemocratic ban on Maria Chin and Tony Pua from free travel overseas?”

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Stepson of Malaysia’s Najib Razak Bought $34 Million London House With 1MDB Funds

By SIMON CLARK, GEORGI KANTCHEV and BRADLEY HOPE
Wall Street Journal
May 19, 2016

Investigators believe that money from the Malaysian fund was used to buy home in 2012

The stepson of Malaysian Prime Minister Najib Razak bought a £23.25 million ($33.6 million) house in central London in 2012 with money originating from the troubled Malaysian state investment fund 1Malaysia Development Bhd., according to people familiar with the situation.

The redbrick four-story house, built around 1900, is part of a row set back from the road and protected by security gates, a short walk from Malaysia’s diplomatic mission in London’s exclusive Belgravia neighborhood. The registered owner of the house is Qentas Holdings Ltd., a company based in the British Virgin Islands. Mr. Najib’s stepson is the beneficial owner, the people familiar said.

Investigators believe that money from the Malaysian fund known as 1MDB was used to buy the house in July 2012. The Wall Street Journal has previously reported that Riza Aziz, a film producer and stepson of the Malaysian leader, used money that originated from 1MDB to buy $50 million worth of properties in New York and Los Angeles and to finance the 2013 movie “The Wolf of Wall Street.” Continue reading “Stepson of Malaysia’s Najib Razak Bought $34 Million London House With 1MDB Funds”

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Azalina has committed double contempt of Parliament when she defended her lie in Parliament in her reply to Guan Eng on the PAC Report on 1MDB

The Minister in the Prime Minister’s Department, Datuk Azalina Othman had committed a double contempt of Parliament when she defended her lie in Parliament in her reply to DAP MP for Bagan, Lim Guan Eng, claiming that Public Accounts Committee (PAC) members were informed about the deleted lines from the PAC Report on 1MDB.

In her written reply on Monday, Azalina had lied that PAC Chairman Datuk Hasan Arifin had informed or showed PAC members letter from Bank Negara Malaysia which stated that the information provided to the PAC was confidential for the purpose of intelligence only and not for court usage or public consumption.

DAP MP for PJ Utara, Tony Pua, who is a PAC Member has described Azalina’s answer as a lie, making very clear that after the the final PAC meeting on April 4 which approved the PAC report on 1MDB for publication, Hasan “never at any point of time communicated with the PAC members on any developments subsequent to the meeting on April 4”.

I have spoken to the Deputy Chairman of PAC, Dr. Tan Seng Giaw (MP – Kepong) and he has confirmed that what Pua said was true and factual, and that PAC members were never informed about Bank Negara’s letter before PAC Report on 1MDB was tabled in Parliament on April 7, and that Azalina had told a lie in Parliament.

Thus, when Azalina yesterday denied that she lied to Parliament when she said PAC members had been informed about the deleted lines in the PAC report on 1MDB, and that Pua’s statement was untrue and made without any basis, Azalina had committed a double contempt of Parliament. Continue reading “Azalina has committed double contempt of Parliament when she defended her lie in Parliament in her reply to Guan Eng on the PAC Report on 1MDB”