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Najib, your time is up sir, Game Over!

Dzulkefly Ahmad
The Malaysian Insider
6 July 2015

1. Granted, that the damning expose by both Wall Street Journal (WSJ) and Sarawak Report of the transfer of some US$700 million to Prime Minister Datuk Seri Najib Razak’s personal account heralded Najib’s Waterloo, is a fait accompli and foregone.

2. Perusing the sensational exposition, one couldn’t help thinking that it is neither concocted nor a decoy personally contrived by Najib to divert media attention. Purporting it as a political sabotage, by political nemesis, doesn’t reduce its grave consequences on Najib.

3. Going by its incriminating details conducted by investigators for the Malaysian authorities as reported, Najib has truly met his Waterloo. Yes, he has finally been nuked by 1Malaysia Development Berhad (1MDB), a monster or more appropriately a “trojan horse” he personally helped to create to “embezzle funds” for his “do-or-die” election mission of the 13th general election in 2013. Continue reading “Najib, your time is up sir, Game Over!”

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Investigate 1MDB disclosures comprehensively and with integrity

– Steven Thiru
The Malaysian Insider
8 July 2015

The Malaysian Bar is extremely concerned over recent disclosures made by The Wall Street Journal (WSJ) and Sarawak Report (SR) of information contained in government investigation documents allegedly revealing that funds of about US$700 million (RM2.7 billion) were transferred between government agencies, banks and companies linked to 1Malaysia Development Berhad (1MDB), and then deposited into the personal accounts of the Prime Minister in AmIslamic Bank Berhad in March 2013.

It has also been reported that the original source of the funds is unclear and the subsequent use of the funds is unknown.

The prime minister said today, “… saya ingin menegaskan sekali lagi bahawa saya tidak pernah mengambil dana 1MDB untuk kepentingan diri sendiri” (I would like to stress again that I had never taken 1MDB’s funds for my personal interest).

However, it appears that the prime minister has not expressly denied that funds were deposited into his personal bank accounts. Continue reading “Investigate 1MDB disclosures comprehensively and with integrity”

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Siapa untung jika Najib berundur?

ANALISIS OLEH ZULKIFLI SULONG, PENGARANG ANALISIS DAN RENCANA
The Malaysian Insider
8 July 2015

Siapakah yang bakal mendapat manfaat daripada krisis dihadapi Perdana Menteri Datuk Seri Najib Razak sekarang?

Siapakah bakal dilantik perdana menteri sekiranya Najib terpaksa melepaskan jawatan ekoran skandal syarikat sarat hutang 1Malaysia Development Berhad (1MDB) yang sudah menjadi perhatian antarabangsa.

The Malaysian Insider cuba menyenaraikan tokoh yang mungkin mendapat manfaat sekiranya anak kepada perdana menteri kedua, Tun Abdul Razak Hussein berundur. Continue reading “Siapa untung jika Najib berundur?”

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Najib has notched up another precedent, sending lawyers’ letter which is ambivalent whether it paves the way for the Prime Minister to sue or not to sue Wall Street Journal

The Prime Minister, Datuk Seri Najib Razak has notched up another precedent, sending lawyers’ letter which is ambivalent whether it paves the way for the Prime Minister to sue or not to sue Wall Street Journal (WSJ) for publication of report that Malaysian government investigators have found almost US$700 million (RM2.6 billion) of 1MDB’s funds deposited into Najib’s personal accounts at AmBank.

According to Malaysiakini, Najib’s lawyers, the legal firm Hafarizam Wan & Aisha Mubarak has asked Dow Jones, the owner of WSJ, to respond with 14 days “whether it is your position, as taken in the articles, that our client misappropriated nearly US$700 million from 1MDB”.

Najib’s lawyers’ letter to Dow Jones said: “You will no doubt appreciate the seriousness of the allegation made against our client in the said articles and confirmation is sought to enable us to advise our client the appropriate legal recourse he can take to seek redress in relation to the publication of these articles.”

If UMNO Supreme Council member and Deputy Agriculture Agro-based Industries Minister Datuk Tajuddin Abdul Rahman is right that WSJ never implicated Najib, but only 1MDB, such a letter should not have been sent.

However, this letter was not what Malaysians had been led to expect with the various threats of legal action against WSJ for its report and allegation, especially as conspicuously absent is any forthright demand to WSJ to apologise for the defamation of the Prime Minister and withdrawal of WSJ report concerned with the undertaking not to repeat such defamation. Continue reading “Najib has notched up another precedent, sending lawyers’ letter which is ambivalent whether it paves the way for the Prime Minister to sue or not to sue Wall Street Journal”

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An evening with Zairil

Farouk A. Peru
The Malaysian Insider
8 July 2015

London has a thriving scene of Malaysian political activism. I began taking notice of it a few years ago when Datuk Seri Anwar Ibrahim to win over the London crowd.
Since then, much has changed. The Pakatan Rakyat (PR) which was just a newborn back has now met a timely demise.

However, I have to express admiration for DAP which is still going strong. They retained Penang in the 13th general election and have now weathered the breakup of PR.

Last Sunday, I steeled myself for a ride on the London underground to attend a talk by Zairil Khir Johari.

For those of you who don’t know, riding on the tube during hot London summers is like almost like a taking shower! Continue reading “An evening with Zairil”

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Six options for Ministers to prove that they are a Cabinet of model Malaysian patriots and leaders and not just a coterie of self-seeking politicians who cannot put national interests above personal and/or party interests

All eyes are on the first Cabinet meeting today after the Wall Street Journal report making unprecedented and ground-shaking allegation of embezzlement against the Prime Minister, Datuk Seri Najib Razak when it reported last Friday that Malaysian government investigators have found almost US$700 million (RM2.6 billion) of 1MDB’s funds had been deposited into Najib’s personal accounts.

Today’s Cabinet meeting is a test for all the Ministers, whether they are model Malaysian patriots and leaders who will always put national interests above party and/or personal interests or whether they are just a coterie of self-seeking politicians who are not prepared to take a public and patriotic stand on the great issues of the day.

And the greatest issue of the day is undoubtedly the RM42 billion 1MDB scandal, the WSJ allegation of embezzlement and Prime Ministerial misconduct and Najib’s failure after five long days, in an information age of 24/7 communication of information, to categorically clear himself of impropriety by declaring two simple things: (I) that it is untrue that some US$700 million (RM2.6 bilion) had been deposited into his personal bank accounts; and (ii) that he has no personal bank accounts in AmBank.

Yesterday’s announcement that the special task force of the quartet of investigating agencies (Bank Negara Malaysia, Malaysian Anti-Corruption Commission, Royal Malaysian Police and Attorney-General’s Chambers) into 1MDB and the allegation that RM2.6 billion of 1MDB funds had been transferred into Najib’s personal accounts, had frozen six bank accounts, three of them believed to belong to the Prime Minister, has cast a completely new complexion on the biggest Prime Ministerial crisis in the nation’s history.

Is the noose which the Wall Street Journal report had thrown around Najib’s neck getting tighter? Continue reading “Six options for Ministers to prove that they are a Cabinet of model Malaysian patriots and leaders and not just a coterie of self-seeking politicians who cannot put national interests above personal and/or party interests”

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Parti baharu sangat dinantikan

A Shukur Harun
The Malaysian Insider
7 July 2015

Pelbagai pihak, khususnya generasi muda, sedang menunggu-nunggu akan kelahiran parti baharu – Gerakan Harapan Baharu – yang dirancang diumumkan selepas hari raya ini.

Ini menunjukkan sebuah parti baharu yang mampu memberikan harapan masa depan kepada rakyat Malaysia sangat diharapkan. Iaitu ketika rakyat melihat dengan sangat bimbang pelbagai krisis yang menimpa negara yang tidak dapat diselesaikan oleh parti pemerintah, di tengah-tengah Pakatan Rakyat (PR) sendiri juga tidak habis-habisnya berkrisis.

Parti Gerakan Harapan Baharu ini dirancang penubuhannya oleh golongan progresif dan sederhana yang disingkirkan dengan penuh hina dalam muktamar PAS bulan Jun lalu.

Penubuhan parti ini juga untuk meneruskan legasi perjuangan Allahyarham Datuk Fadzil Mohd Noor dan Allahyarham Tuan Guru Nik Abd Aziz Nik Mat yang sangat terbuka dan demokratik serta berpandangan jauh ke depan. Continue reading “Parti baharu sangat dinantikan”

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Inquiry Into Malaysian Fund Also Puts Spotlight on Prime Minister

by Austin Ramzy
New York Times
July 7, 2015

HONG KONG — Officials in Malaysia said on Tuesday that they had frozen bank accounts as part of an investigation into the country’s troubled development investment fund and accusations that hundreds of millions of dollars from the fund had been transferred to Prime Minister Najib Razak.

Government investigators have been looking into the finances of the heavily indebted 1Malaysia Development Berhad, also known as 1MDB. News reports have said that some of its funds have been routed to accounts controlled by Mr. Najib. Continue reading “Inquiry Into Malaysian Fund Also Puts Spotlight on Prime Minister”

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Yes, Prime Minister, you must sue!

— P Ramakrishnan
The Malay Mail Online
July 7, 2015

JULY 7 — Mere denials do not establish one’s innocence. Evidence must be established to dispel and nail false accusations and unfair allegations.

Unfortunately, denials are the only form of defence resorted to by people who are put on the spot whenever they are accused of corruption. They fail to understand that mere denials do not clear their name or safeguard their reputation.

This is something the Prime Minister must be mindful of. So must his coterie of supporters who mindlessly come to his rescue by denying and condemning others without any solid evidence to convince Malaysians that there is no shred of truth in what was claimed. Continue reading “Yes, Prime Minister, you must sue!”

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Call on IGP to re-open investigations into the murder of AmBank founder Hussein Najadi in broad daylight in centre of Kuala Lumpur on 29th July 2013 to ascertain whether it had any links with 1MDB scandal

The situation faced by the Prime Minister Datuk Seri Najib Razak and his government today is best described by the Chinese expression “草木皆兵” – which literally means “every bush and tree looks like an enemy soldier” where the Najib Government is so nervous, suspicious, insecure and panicky about its position that it is virtually “jumping at shadows”.

This is the reason for the Najib government’s foolish and myopic decision to sabotage and frustrate the holding of a meeting of progressive MPs and NGO representatives on the grave Wall Street Journal (WSJ) allegation against Najib for Prime Ministerial misconduct and the criminal offence of embezzlement, by refusing MPs the use of Bilik Taklimat and reneging on the Parliamentary administration’s earlier agreement for the use of the meeting room for the occasion.

As a result, progressive MPs and NGO representatives have to hold their meeting at the Parliament square, sitting on the ground – unheard of for the Malaysian Parliament as well as commonwealth and global Parliaments.

Why is the Najib administration so jumpy and panicky about the meeting of progressive MPs and NGO representatives on the WSJ allegation and Najib’s future that MPs have been locked out of Parliament Bilik Taklimat and forced to meet in the open at the Parliament square? What has the Najib government got to hide and to be so panicky about!

This is the fifth day of the grave WSJ allegation of Prime Ministerial misconduct in committing the criminal offence of embezzlement in its report last Friday that Malaysian investigators have found almost US$700 million (RM2.6 billion) of 1MDB’s funds deposited into Najib’s personal bank accounts, and Najib’s failure to categorically deny the WSJ allegation.

Malaysians are all asking why Najib finds it so coy or difficult to put to rest once and for all the WSJ allegation of Prime Ministerial misconduct and the grave offence of embezzlement, when all he needs to do is to categorically deny that he ever had personal accounts in his name in AmBank or that some US$700 million (RM2.6 billion) had been deposited into his bank accounts in 2013. Continue reading “Call on IGP to re-open investigations into the murder of AmBank founder Hussein Najadi in broad daylight in centre of Kuala Lumpur on 29th July 2013 to ascertain whether it had any links with 1MDB scandal”

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Malaysia’s Najib Razak fights for political life amid 1MDB claims

by Michael Peel in Kuala Lumpur
Financial Times
July 6, 2015

Malaysia’s Prime Minister Najib Razak faces a struggle for survival amid growing fallout from allegations that hundreds of millions of dollars were channeled from a state development fund into his personal bank accounts.

Investigators of the escalating scandal at 1Malaysia Development Berhad have passed the country’s Attorney-General evidence relating to transfers totaling almost $700m shortly before the last elections.

Mr Najib has denied taking money for personal gain and has denounced the accusations as “a concerted campaign of political sabotage to topple a democratically elected Prime Minister”.

The Financial Times has not been able to independently verify the allegations. They have added to turmoil in Malaysian politics at a time when Mr Najib’s United Malays National Organisation faces a grave challenge to its near six-decade hegemony.

Analysts say the claims, reported on Friday by the Wall Street Journal and the Sarawak Report website, are potentially fatal for Mr Najib’s career. They appear to make the first direct link between the premier and the long-running scandal over how 1MDB racked up debts of more than $11bn. Continue reading “Malaysia’s Najib Razak fights for political life amid 1MDB claims”

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Malaysia’s PM Extends Feud to Mahathir’s Son

Asia Sentinel
July 2, 2015

Sources say government is delaying funds and slowing proposals in state Mukhriz controls.

The scorched-earth war between Malaysian Prime Minister Najib Tun Razak and his one-time mentor, former Premier Mahathir Mohamad, has extended to the northern state of Kedah, where Mahathir’s son, Mukhriz, rules as chief minister.

The federal government in Putrajaya reportedly has cut budget allocations to the state, one of the country’s poorest, and is dragging its heels on a proposal by Mukhriz to build an airport in the city of Kulim which Mukhriz deems crucial to boosting the local economy. Reportedly other economic initiatives have been blocked through the federal government’s refusal to pay full land premium for land that Mukhriz is attempting to convert to industrial uses. He is also encountering sniping from Najib forces in the state over his performance as chief minister

It was his father, Mahathir, who paved the way for Najib to become prime minister, first grooming him as defense minister, and then, in 2009 playing an instrumental role in driving his successor, Abdullah Ahmad Badawi from power. Anointed by Mahathir, Najib became prime minister only to lead the Barisan in 2013 to the first loss of the popular vote since 1969, although it retained its majority in parliament through gerrymandering. Continue reading “Malaysia’s PM Extends Feud to Mahathir’s Son”

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Malaysian Leader Faces Risk of Criminal Charges Over Fund

by The New York Times,
Associated Press
July 5, 2015

KUALA LUMPUR, Malaysia — Malaysia’s prime minister is facing the risk of criminal charges over allegations that hundreds of millions of dollars were funneled from an indebted state fund to his personal bank accounts, the first time a Malaysian leader has faced criminal allegations.

The country’s attorney general confirmed late Saturday that he had received documents from an official investigation that made the link between Prime Minister Najib Razak and the investment fund 1MDB. The existence of the documents was first reported by The Wall Street Journal’s Asia edition on Friday, showing some $700 million were wired from entities linked to the fund into Najib’s accounts.

The documents sent to the attorney general pave the way for possible criminal charges.

It is one of the worst political crises for Najib, who has come under increasing criticism over his leadership.

Najib, who has denied taking any money for personal gains, said Sunday that he would consult with his lawyers to decide his next course of action on the “malicious accusations” against him. Continue reading “Malaysian Leader Faces Risk of Criminal Charges Over Fund”

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Scandal in Malaysia

Wall Street Journal
July 5, 2015

Evidence that a state-owned fund diverted money to the Prime Minister.

The Journal broke the news Friday that Malaysian government investigators have discovered evidence of potential corruption involving Prime Minister Najib Razak. Almost $700 million linked to the state-owned investment fund 1Malaysia Development Bhd., or 1MDB, was allegedly transferred into his personal accounts. Neither the original source or ultimate destination of the money is clear.

Mr. Najib’s office put out a statement that “there have been concerted efforts by certain individuals to undermine confidence in our economy, tarnish the government and remove a democratically-elected prime minister.” It called the Journal article a “continuation of this political sabotage.”

The size of the alleged diversion is shocking, but the abuse of public entities for private gain is politics as usual in Malaysia. The scandal is a case study in the effects of one-party rule by the United Malays National Organization (UMNO) on the country’s institutions. Continue reading “Scandal in Malaysia”

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With demand for Najib to go on leave as Prime Minister pending investigations becoming increasingly more urgent and insistent, it is Najib’s loss if he does not use the ideal platform of the meeting of progressive MPs in Parliament tomorrow to categorically clear himself WSJ allegation of embezzlement

The demand for Datuk Seri Najib Razak to go on leave as Prime Minister, and even to be prosecuted for criminal offences under the law have grown more urgent and insistent.

Divisions and relations in UMNO ranks are also becoming increasingly brittle, confrontational and even hostile.

Yesterday, another UMNO Minister who is also UMNO Vice President had broken ranks with Najib, joining the Deputy Prime Minister and Deputy UMNO President, Tan Sri Muhyiddin Yassin in expressing concern and calling for investigations into the Wall Street Journal allegations that US$700 million (RM2.6 billion) were routed to the prime minister’s personal bank accounts.

Datuk Shafie Apdal, the Minister for Rural and Regional Development, agreed that the WSJ allegations must be given “serious attention” as it involved Najib’s “image and credibility as prime minister”.

He even joined the Home Minister, another UMNO Vice President, in urging Najib to take legal action if the accusation and claim is untrue to clear the government of negative perception not only among the rakyat but also the international community.

Yesterday, even former Malacca Chief Minister, Tan Sri Rahim Tamby Chik called on Najib to temporarily vacate the Prime Minister’s post while the authorities investigate the WSJ allegations – until he is cleared in the investigations.

But the most serious development is the call by Universiti Islam Antarabangsa Malaysia (UIA) students in rallying behind Muhyiddin, urging him to take temporary control of the government. Continue reading “With demand for Najib to go on leave as Prime Minister pending investigations becoming increasingly more urgent and insistent, it is Najib’s loss if he does not use the ideal platform of the meeting of progressive MPs in Parliament tomorrow to categorically clear himself WSJ allegation of embezzlement”

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Can Najib Razak Survive 1MDB Scandal?

Chris Wright | Contributor
7/05/2015 @ 5:28PM
Forbes

Najib Razak, Malaysia’s Prime Minister since 2009, is facing the greatest challenge of his leadership – and even the risk of criminal charges.

As we reported last week, Najib has been embroiled in the scandal surrounding the state investment fund 1MDB. The fund was already an embarrassment to him – not only has it run up $US11.6 billion in debts and attracted inquiries by four different institutions, from the auditor-general to the police, but Najib himself chairs the fund’s advisory board. But on top of that, last week he was alleged by the Wall Street Journal to have received almost $700 million of transfers from the fund into his personal bank accounts, much of it during an election campaign.
Continue reading “Can Najib Razak Survive 1MDB Scandal?”

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Ten consequences of Greek referendum’s ‘No’

— Mohamed A. El-Erian
Bloomberg
July 6, 2015

JULY 6 — By heeding their government’s advice and voting “No” in the referendum on Sunday, Greek citizens sent an unambiguous message. Much like the fictional Americans portrayed in the movie “Network” who threw open their windows and shouted out, “I’m as mad as hell and I’m not going to take this anymore,” the Greeks are demanding that the rest of Europe acknowledge their distress.

At this stage, however, only a handful of European leaders seem willing to listen; and even fewer appear willing to deliver the sort of relief that Greece desperately needs. The implications will be felt primarily in Greece, but also in Europe and beyond.

Here are 10 consequences of the vote that could unfold in the next few days:

1. The victory of the “No” camp—with more than 60 per cent of the vote, according to preliminary returns—will initially lead to a general selloff in global equities, along with price pressures on the bonds issued by Greece, other peripheral euro zone economies and emerging markets. German and US government bonds will benefit from a flight to quality.

2. Having been caught off guard, European politicians will urgently seek to regain the initiative: Chancellor Angela Merkel of Germany and President Francois Hollande of France will meet in Paris on Monday to work on a response. In a perfect world, these leaders would move quickly and effectively with the Greek government to get past the conflict and acrimony that preceded the referendum. This is likely to be difficult, given the mistrust, bad blood and damaging accusations that have poisoned the relationship. Continue reading “Ten consequences of Greek referendum’s ‘No’”

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Meeting of progressive MPs in Parliament at noon tomorrow provides ideal platform for Najib to clear himself of WSJ allegation of embezzlement – and the Prime Minister is most welcome

The meeting of progressive Members of Parliament in Parliament at noon tomorrow provides an ideal platform for the Prime Minister, Datuk Seri Najib Razak, to clear himself of the Wall Street Journal allegation of embezzlement – and Najib is most welcome to make use of the platform.

Progressive MPs are meeting in Parliament tomorrow on the theme “Quo Vadis Malaysia with a Prime Minister accused of embezzlement” because responsible and patriotic MPs are most disturbed and shocked by the Wall Street Journal report last Friday that Malaysian investigators have found almost US$700 million (RM2.6 billion) of 1MDB’s funds have been deposited into Najib’s personal bank accounts.

The Wall Street Journal allegation has shaken Malaysian body politics to its very core for two reasons:

• No categorical denial by the Prime Minister of the existence of such personal bank accounts or the deposit of some US$700 million (RM2.6 million) funds into the personal bank accounts in the past three days in an information era which operates on 24/7 basis;

• Confirmation by the Attorney-General Tan Sri Abdul Gani Patail that he has viewed documents collected by a government special task force quartet comprising Bank Negara Malaysia (BNM), Malaysian Anti-Corruption Commission (MACC), Royal Malaysian Police (RMP) and the Attorney-General’s Chambers (AGC) relating to the alleged transfer of 1MDB funds into Najib’s bank accounts.

Continue reading “Meeting of progressive MPs in Parliament at noon tomorrow provides ideal platform for Najib to clear himself of WSJ allegation of embezzlement – and the Prime Minister is most welcome”

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Citizen Nades – We don’t assume anything

R. Nadeswaran
Sun
5 July 2015

ON the outset, a qualification has to be made. I have worked with the owner of The Edge, Tong Kooi Ong, when he was briefly the executive vice-chairman of the Sun Media Group. Ho Kay Tat, the publisher of The Edge, and I honed our skills as journalists in Balai Berita in the eighties.

Both these men were involved in the transition of this publication from a subscription-based one to a free newspaper in 2004. Both men had news sense and the business acumen to go with it. They were professional and took a hands-on approach but never micro-managed. They gave journalists the freedom to write with one caveat – get your facts before even attempting to write the story.

Over the years, the many big stories that theSun broke including the PKFZ fiasco, Zakaria’s Palace and Paya Indah Wetlands went through several layers of scrutiny before they were published.

But today’s column is not on them or personalities. It is on an issue close to the hearts of all who identify themselves as media people – reporters, journalists, columnists, editors and above all – owners and publishers.

To one who has been following the 1MDB saga over the past few months and occasionally commenting on it in passing, so many facts and figures have emerged. Continue reading “Citizen Nades – We don’t assume anything”

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Has Gani Patail joined Mahathir’s camp in the “political sabotage” of Najib when the AG confirmed that government probe on 1MDB had found documentary evidence on the RM2.6 billion deposit into Najib’s private account?

The Prime Minister, Datuk Seri Najib Razak blamed his predecessor and one-time patron, Tun Dr. Mahathir of being the “mastermind” for the latest allegation of him siphoning money from 1MDB.

Najib said he believe that Mahathir, “working hand in glove with foreign nationals, including the now discredited political attack blog Sarawak Report, is behind the latest lie”.

The Prime Minister made this accusation in reference to the Wall Street Journal (WSJ) report on Friday which alleged that US$700 million (RM2.6 million) of 1MDB’s fund was deposited into the Prime Minister’s private account.

Najib declared that he had never taken the government’s money for personal gain.

He said the latest allegation is part of a series of “unsubstantiated and many simply outrageous” claims made against him and his family when he refused to implement Mahathir’s personal demands.

Najib said: “I refused, because I do not believe it is right for Malaysia to be ruled by proxy.”

Nobody knows what Najib is actually referring to with regard to Mahathir’s personal agenda, as it is for him to spell out Mahathir’s “personal demands” for the public to judge whether to believe the Prime Minister or the former Prime Minister.

However, I am not the only one in Malaysia who, in the last five years, had been bamboozled and bewildered by one of the longest and elaborate “smoke and mirrors” displays in the nation’s history – the RM42 billion MDB financial scandal. Continue reading “Has Gani Patail joined Mahathir’s camp in the “political sabotage” of Najib when the AG confirmed that government probe on 1MDB had found documentary evidence on the RM2.6 billion deposit into Najib’s private account?”