Category: Financial Scandals

I thank Penang DAP under the chairmanship of Sdr. Chow Kon Yeow for organising this “Solidarity with Lim Kit Siang and Where have RM2.6 billion gone?” ceramah, and the participation of the Penang Chief Minister, Lim Guan Eng, the head of Pakatan Harapan secretariat, Datuk Saifuddin Abdullah, Parti Amanah Negara Deputy Chairman Mujahid Yusuf Rawa, Nobel Laureate Pak Samad, DAP Members of Parliament Zairil Khir Johari and Ram Karpal Singh.

I am a victim of the RM50 billion 1MDB and RM2.6 billion “donation” twin mega scandals which have wrought such economic and political devastation in the country.

But I am not the only one. In fact, the 30 million Malaysians, including the three million UMNO members, are also victims of the twin mega scandals of the country, for we are suffer from their damaging consequences, like the fall in the value of the Malaysian ringgit, the collapse of the Malaysian stock market, the plunge in international reserves, the exit of foreign capital and our inability to sell Malaysia to foreign investors as a haven for foreign investment. Continue reading “Its not just me, suspended from Parliament for six months, but the 30 million Malaysians including the three million UMNO members, who are victims of RM2.6 billion “donation” scandal”

Yesterday was a double whammy for the long, difficult and windy mission to establish accountability and transparency for the 1MDB and RM2.6 billion “donation” twin mega-scandals afflicting the country.

There was firstly the morning episode where Parliament was reduced to a theatre of the absurd – with Parliament Speaker Tan Sri Pandikar Amin Mulia ruling that DAP PJ Utara Member of Parliament Tony Pua should either resign from the Public Accounts Committee or abstain from the committee’s probe on 1MDB if he wants to debate with 1MDB CEO, Arul Kanda and that Arul can no longer be a witness in the PAC probe if the debate goes on.

The Speaker’s ruling was quickly followed up with the announcement by the PAC Chairman Datuk Hasan Arifin’s ruling that Pua must cease and desist from making any statements on 1MDB, whether in Parliament or outside!

It is no surprise that the following comment was one of the public reactions to all these parliamentary calisthenics over the 1MDB and RM2.6 billion “donation” twin mega-scandals:

“I was wondering why Arul was so quick to drop his condition. Now I know. He has someone else to impose the condition for him.” Continue reading “If Arul Kanda cannot testify before the PAC investigations on 1MDB, will Najib appear before PAC to testify on 1MDB’s behalf as everybody knows that an investigation into 1MDB is in fact an investigation into Najib?”

Parliament has been reduced to a theatre of the absurd with the Public Accounts Committee (PAC) Chairman Datuk Hasan Arifin wearing the dunce’s head as the most absurd Parliamentarian with his absurd edict banning Tony Pua from speaking about 1MDB in public.

At the rate of such absurdity in Parliament and the higher echelons of government leadership, it appears to be just a matter of time before “1MDB” joins the select group of subjects where mere criticism will be criminalized and construed as an act of sedition!

It is clear that the Najib leadership had been brainstorming for quite some time to find a way to criminalise and ban public debate on the twin1MDB and RM2.6 billion “donation” twin scandals, starting with Parliament before the ban is extended to all public spaces in the country, especially with the two scandals acquiring lives of their own, exploding every few days with new revelations completely beyond the control or ken of Najib’s PR handlers – to the extent that more than half a dozen countries have initiated their own separate investigations into the twin mega scandals.

Worst of all, the Malaysian Prime Minister Datuk Seri Najib Razak had been pinpointed by the United States media as being the target of a FBI probe under the United States Department of Justice Kleptocracy Assets Recovery Initiative 2010 with neither Najib nor the Government able to deny or clarify such a damning report of Najib being investigated as a kleptocrat although more than a month had elapsed since the United States media report. Continue reading “Parliament has been reduced to a theatre of the absurd with the PAC Chairman wearing the dunce’s cap as the most absurd Parliamentarian with his absurd edict banning Tony Pua from speaking about 1MDB in public”

Former MCA President, Datuk Seri Chua Soi Lek has made startling revelations about the Prime Minister, Datuk Seri Najib Razak’s RM2.6 billion “donation” scandal in his personal banking accounts before the 13th General Election.

Malaysiakini yesterday reported the former MCA President as throwing some light on where some of the RM2.6 billion in Najib’s personal bank accounts had gone to.

Chua recollected how Najib had in a BN Supreme Council meeting before the 13th general election made an “unprecedented pledge to fund BN component parties”. Continue reading “Barisan Nasional MPs in the PAC who have been beneficiaries in the RM2.6 billion Najib “donation” scandal should declare their pecuniary interests and withdraw from participation in any PAC discussion, decision or investigation into the twin mega scandals on 1MDB and RM2.6 billion ‘donation””

Some three weeks ago, the Malay Rulers issued an unprecedented statement urging the government to complete the 1MDB investigations “as soon as possible” and to take “the appropriate stern action” against all found to be implicated.

Such crisis of confidence, among other things, have caused “the plunge in the value of the Malaysian Ringgit, impacting the country’s financial market and economic climate negatively and at the same time adversely affecting the world’s view of Malaysia” – and if not “wisely handled”, could “jeopardize the country’s economy and the livelihood of the people”.

The Malay Rulers wanted the findings of the investigations to be reported “comprehensively and in a transparent manner” so that the people will be convinced of the government’s sincerity not to conceal “facts and truth”, as such failure to give “convincing clarifications and answers…is feared to have resulted in a crisis of confidence”.

Although the language is somewhat convoluted, it is the result of trying to diplomatically convey the messages (i) that the Malay Rulers were very concerned at the worsening crisis of confidence caused by the two mega scandals in the nation’s history, the RM50 billion 1MDB and RM2.6 billion “donation” in Najib’s personal banking accounts, which had brought together a conjunction of political, economic, good governance and nation-building crises which threaten to produce the first “perfect storm” to hit Malaysia for six decades; and (ii) that the government had not conducted itself in a frank and transparent matter it should have done in these two mega-scandals.

What has the Najib government done in the 24 days since the Oct. 6 statement of the Malay Rulers, or in the past fortnight of parliamentary meetings, to address the concern of Malay Rulers and Malaysian citizenry that IMBD investigations be completed “as soon as possible”?

Absolutely nothing! Continue reading “What has the Najib government done in the past fortnight of parliamentary meetings to address the concern of Malay Rulers and Malaysian citizenry that IMBD investigations be completed “as soon as possible”?”

The Prime Minister Datuk Seri Najib Razak and his government were too “economical with the truth” when it would not clarify after two weeks of Parliament whether Tan Sri Muhyiddin Yassin was right in his last speech as Deputy Prime Minister to the Cheras UMNO Division three months ago that the 1MDB scandal had mushroomed from RM42 billion to over RM50 billion.

There was not a single reference whatsoever to the two mega scandals which had been dominating international headlines about Malaysia for the past few months, the RM50 billion 1MDB and RM2.6 billion “donation” in Najib’s personal banking accounts for the 13th General Election, in Najib’s much-awaited 2016 Budget – fully justifying Opposition MPs resorting to the unorthodox but very creative ploy of collectively displaying the placard “Mana RM2.6 billion” (Where is the RM2.6 billion) after Najib’s budget speech.

This action of Opposition MPs resonated in the hearts and minds of 30 million Malaysians, including the majority of the three million UMNO members, although there are those who excoriated such a creative ploy as “uncivilized”, as if they more Umno than Umno! Continue reading “Najib government too “economical with the truth” when it would not clarify after two weeks of Parliament whether Muhyiddin was right in his last speech as DPM three months ago that 1MDB scandal had mushroomed from RM42 billion to over RM50 billion”