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Zahid owes Malaysians an explanation and apology for the canard that “several Malaysians” had directed Justo to tamper with the PSI emails and documents when it is not true

The Wall Street Journal (WSJ) report and allegation of July 3, 2015 that Malaysian government investigators have found US$700 million (RM2.6 billion) deposited into Prime Minister Datuk Seri Najib Razak’s personal bank accounts in AmBank in March 2013 just before the dissolution of Parliament and the holding of the 13th General Election was a stone that killed two birds – both a boon and a bane for the UMNO/BN coalition.

It was boon for the besieged MARA Chairman, Datuk Seri Annuar Musa, the Minister for Rural and Regional Development, Datuk Seri Salleh Apdal and to a lesser degree, the Prime Minister himself for it completely overshadowed the breaking story of the RM100 – 200 million MARA Inc property corruption in Melbourne.

Calls for the sacking of the MARA Chairman and Board of Directors for their gross negligence and irresponsibility over MARA Inc’s property corruption scandal in Australia were completely drowned by the tidal waves created by the WSJ report. (Has Annuar, whose tenure as MARA Chairman ended yesterday, been rewarded with re-appointment as MARA Chairman?)

But it was more of a bane for the powers-that-be in the UMNO/BN coalition for it virtually killed the painstakingly-orchestrated campaign to turn the tables after some five years of being under attack on the 1MDB scandal and to go on the offensive by fully exploiting the arrest in Thailand of the Swiss national and former IT executive of PetroSaudi International (PSI), Xavier Andre Justo on June 22. Continue reading “Zahid owes Malaysians an explanation and apology for the canard that “several Malaysians” had directed Justo to tamper with the PSI emails and documents when it is not true”

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Malaysia should develop a “hysteria index” to monitor which Minister is the most hysterical in the defence of the Prime Minister in face of mounting exposes about the 1MDB and other scandals

A new political phenomenon seems to have developed in Malaysian politics especially at the Cabinet level – with the competition among Ministers as to who could become more hysterical in the defence of the Prime Minister, Datuk Seri Najib Razak in the face of mounting exposes about the 1MDB and other scandals.

Without going too far back in time, the two Ministers competing to be the most hysterical Minister in the past three days are indisputably the Minister for Urban Wellbeing, Housing and Local Government Datuk Abdul Rahman Dahlan and the Minister for Communications and Multimedia, Datuk Ahmad Shabery Cheek.

Self-styling himself as Barisan Nasional strategic communications director (which no other BN leader apart from Najib would have heard of), Abdul Rahman went into an overdrive in championing a dubious mercenary character thinking that he could deliver a “killer blow” to the Opposition and therefore found a path leading to his unstoppable political elevation to the stratosphere of Najib’s political empire. Continue reading “Malaysia should develop a “hysteria index” to monitor which Minister is the most hysterical in the defence of the Prime Minister in face of mounting exposes about the 1MDB and other scandals”

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By Abdul Rahman’s logic, I should have paid money for the so-called “info” about 1MDB, reckless about the mercenary’s motivation and the info’s veracity and demand Najib should accept them as gospel truth!

A few days ago, I received a call and the person on the other side of the line said he had all the info about the 1MDB scandal and asked whether I was interested.

When I said yes, he said he needed money and when I told him clearly and unmistakably that these are two separate issues which I am not prepared to link together, the caller ended the phone conversation. I have not heard from him since.

Have I acted wrongly?

The overnight Barisan Nasional strategic communications director, Datuk Abdul Rahman Dahlan, Minister for Urban Wellbeing, Housing and Local Government might think so, which is probably why he has suddenly become the champion of the dubious information offered by a dubious character regarding it as “pay dirt” and questioning the honour, honesty and credibility of those who had tried to pry open the biggest financial scandal in the nation’s history – the RM42 billion 1MDB scandal.

Abdul Rahman was so pachydermous that he even had the temerity to claim that he is emulating me when he tweeted: “When BN questioned the credibility of DAP’s sources, @limkitsiang always quick to say “Don’t shoot the messenger, focus on the message!” So?” Continue reading “By Abdul Rahman’s logic, I should have paid money for the so-called “info” about 1MDB, reckless about the mercenary’s motivation and the info’s veracity and demand Najib should accept them as gospel truth!”

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As scandal rocks Malaysian government, B.C. pushes LNG deal with state-owned gas giant

By Warren Bell in Opinion | July 15th 2015
National Observer

Christy Clark is recklessly planning on linking the next generation in BC to the Malaysian government, which in the last few days has headed into the worst financial and political scandal in its recent history – the latest in a long history of questionable government behaviour.

The B.C. legislature is now sitting, at Premier Clark’s behest, in a rare summer session whose sole purpose is passing legislation to facilitate a sweetheart financial deal with Petronas, the giant Malaysian oil and gas company. Petronas wants to build a massive plant to liquefy fracked gas on tiny Lelu Island in the center of prime salmon habitat at the mouth of the Skeena River.

Petronas is wholly owned by the Malaysian government (which has been controlled by a single ruling coalition, Barisan Nasional, for the last 50 years). Petronas supplies the Malaysian government with as much as 45 per cent of its budget, according to Reuters. Continue reading “As scandal rocks Malaysian government, B.C. pushes LNG deal with state-owned gas giant”

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Sarawak Report refutes allegations that it forged information

Bernard Cheah
Sun
16 July 2015

PETALING JAYA: Sarawak Report (SR) has refuted claims that a Lester Melanyi had written for the whistleblower site or had forged information for it.

“Let us confirm. Lester Melanyi has never ever written a word for Sarawak Report – sorry Lester, but we are out of your league,” Sarawak Report editor Clare Rewcastle-Brown said in a short comment piece on the website.

She was referring to the report that Barisan Nasional strategic communications director Datuk Abdul Rahman Dahlan had urged the authorities, including Interpol, to act against SR for falsifying information concerning 1Malaysia Development Berhad (1MDB).

Abdul Rahman was reported saying that he had been approached by an individual with a video that SR staff doctored the papers in an effort to criminalise Prime Minister Datuk Seri Najib Abdul Razak and 1MDB with malicious intent.

The person in the video is believed to be Melanyi. Continue reading “Sarawak Report refutes allegations that it forged information”

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Gani Patail should withdraw from 1MDB task force, say former A-G, lawyers

V. Anbalagan
The Malaysian Insider
16 July 2015 7:00 AM

A former attorney-general has urged top government lawyer Tan Sri Abdul Gani Patail to disassociate himself from the task force investigating the prime minister over the 1 Malaysia Development Berhad (1MDB) scandal, saying this will enhance public perception and integrity into the probe.

Tan Sri Abu Talib Othman’s views were also shared by lawyers who said Attorney-General Gani should not be part of the investigation or else his office would not be seen as being independent.

Gani currently heads the task force which is investigating the alleged irregularities in 1MDB and the RM2.67 billion allegedly channelled into Datuk Seri Najib Razak’s personal bank accounts.

The task force also comprises the Malaysian Anti-Corruption Commission, Bank Negara Malaysia (BNM) and police. Continue reading “Gani Patail should withdraw from 1MDB task force, say former A-G, lawyers”

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If Husni is so sure that the AG’s interim report on 1MDB clears PM’s of the WSJ allegation, will he ask the Cabinet tomorrow to release the report to MPs and the public so that Malaysians can heave a big sigh of relief that Najib has got one allegation less?

The second Finance Minister, Datuk Seri Husni Hanadzlah is being totally dishonest and dishonourable to claim innocence for the Prime Minister, Datuk Seri Najib Razak to Wall Street Journal (WSJ) charges from the Auditor-General’s (AG) interim report on 1MDB when the AG’s report is under lock and key and not released to MPs and the public.

In a statement today, Husni said as the preliminary report by the Auditor-General has found no evidence of wrongdoing, the “reckless allegations by some parties, including the disappearance of RM42 billion and transfer of US$700 million to a certain individual, do not arise”.

He said: “It is my hope that all baseless allegations will be put to rest. We have to remain patient and look forward to the final report by the A-G and the Public Accounts Committee (PAC).”

If Husni is so sure that the Auditor-General’s preliminary report cleared Najib of the WSJ allegation about the US$700 million or RM2.6 billion deposited into Najib’s personal bank accounts in AmBank, he should ask the Cabinet tomorrow to release the AG’s preliminary report to the public.

At least the 30 million Malaysians can heave a big sigh of relief that the Prime Minister is free from the WSJ allegation, at least one allegation less from the mountain of allegations of Prime Ministerial misconduct and impropriety dogging Najib’s every step. Continue reading “If Husni is so sure that the AG’s interim report on 1MDB clears PM’s of the WSJ allegation, will he ask the Cabinet tomorrow to release the report to MPs and the public so that Malaysians can heave a big sigh of relief that Najib has got one allegation less?”

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Replace the “special task force” of four Tan Sris with a Royal Commission of Inquiry of three Tuns – Mahathir, Abdullah and Musa – to get to the bottom of the WSJ allegations

Bank Negara Malaysia (BNM) is to be commended for its swift and prompt denial at allegations that its officials were behind the leak of information concerning the 1Malaysia Development Berhad’s (1MDB) funds.

Denying the allegations, the bank said it had lodged a police report concerning the
Malaysia Today blog on Saturday naming three central bank officials who it said leaked information on the money trail.

In a statement yesterday, the central bank said such allegations were without basis.

It said “Bank Negara Malaysia remains steadfast in our quest to uncovering the truth in a fair and just manner,” and that it will investigate any potential breaches to the laws it administers.

“In discharging its accountability, the bank is not aligned to any faction and will not betray the trust of the public.”

I believe the overwhelming majority of Malaysians appreciate this statement by Bank Negara and are asking why the Prime Minister, Datuk Seri Najib Razak cannot emulate the example of Bank Negara and make swift and prompt denial if an allegation is untrue. Continue reading “Replace the “special task force” of four Tan Sris with a Royal Commission of Inquiry of three Tuns – Mahathir, Abdullah and Musa – to get to the bottom of the WSJ allegations”

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Default risk climbs for Malaysia as Najib probe outweighs Fitch

The Edge
Bloomberg
July 10, 2015

(July 10): Less than two weeks after Fitch Ratings refrained from downgrading Malaysia, the cost of insuring the nation’s debt is at a six-month high amid a graft probe involving Prime Minister Najib Razak.

Five-year credit-default swaps protecting sovereign notes climbed as much as 12 basis points in July to 148 after the Wall Street Journal reported last week that $700 million of a state investment company’s funds may have ended up in Najib’s bank accounts, a claim he is disputing. The contracts could rise toward 200, a level last seen in 2011, according to Macquarie Bank Ltd.

Heightened credit risk is lifting bond yields, raising funding costs to build railways, roads and power plants as Najib presses ahead with a $444 billion development program. It’s also weighing on the ringgit, which has led losses among Asian currencies this year as lower oil prices hurt Malaysian exports. Brent crude is down 7.2 percent this month and is 49 percent cheaper than it was from its high a year ago.

“Everything seems to conspire against Malaysian bonds and the ringgit in the last couple of weeks,” said Nizam Idris, head of currency and fixed-income strategy at Macquarie Bank in Singapore. “The political scandal involving the prime minister was a big surprise that hit market sentiment” and the CDS price could surpass 160 and head toward 200, he said. Continue reading “Default risk climbs for Malaysia as Najib probe outweighs Fitch”

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Answer critics, not accuse them of trying to topple you, Musa Hitam tells Najib

by V. Anbalagan
The Malaysian Insider
11 July 2015

Datuk Seri Najib Razak must respond decisively to serious allegations made against him and his administration over various issues, including the 1Malaysia Development Bhd (1MDB) fiasco, instead of accusing detractors of seeking to topple his government, Tun Musa Hitam said.

The former deputy prime minister said toppling leaders and bringing down governments were part and parcel of politics.

“Instead of answering questions and doubts by his political opponents and well-wishers, Naib cannot make the accusation that this was done to topple his administration,” Musa told The Malaysian Insider in an exclusive interview.

Musa, who was deputy to former prime minister Tun Dr Mahathir Mohamad between 1981 and 1986, said this in apparent reference to Najib’s oft-repeated statements against his critics in response to issues related to troubled 1MDB. Continue reading “Answer critics, not accuse them of trying to topple you, Musa Hitam tells Najib”

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Clamour over 1Malaysia Development Berhad falls on deaf ears

Michael Peel in Kuala Lumpur
Financial Times
10th July 2015

Malaysia is gripped by the biggest financial scandal in its modern history—although you might not know it from the reaction of Najib Razak’s
government.

Claims of large-scale misappropriation at a state investment fund now embroil the prime minister — but he and his administration are trying to shrug it all off by dismissing it as a political plot. That curt response to the ever-widening 1MalaysiaDevelopment Berhad affair tells of the grip on power enjoyed by the ruling United Malays National Organisation since independence in 1957.

“If there is no one shouting ‘I have been robbed’ why would anyone think there has been a robbery?” says Tony Pua, an opposition legislator, explaining the lack of official outrage over how a fund setup with the Malaysian people’s money came to be drowning in more than$11bn of debt. “That’s the problem at the moment.” Continue reading “Clamour over 1Malaysia Development Berhad falls on deaf ears”

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“Be Very Afraid!” when “ignoramus” Ministers give empty assurances about special task force investigation when they may not even be qualified to comment because of conflict of interest


“Fear not, ministers will ensure task force does its job” is one headline for the assurance by the Youth and Sports Minister, Khairy Jamaluddin that the special task force probing allegations concerning 1MDB will do its job without fear or favour.

I say, “Be Very Afraid!” when “ignoramus” Ministers give empty assurances about the special task force investigation when they may not even be qualified to comment because of conflict of interest.

Khairy said the task force would have to report to Cabinet and that “we the ministers will be there to ensure that the investigation is done without fear or favour”.

What nonsense is Khairy talking about. How can the Cabinet Ministers ensure that the investigation is done “without fear or favour” when the Cabinet Ministers cannot ensure that the establishment of the task force is done “without fear or favour”?

The 35 Cabinet Ministers cannot be unaware that Malaysians have no confidence in the special task force because its four “Tan Sri” heads of the quartet of enforcement/investigating agencies, namely Bank Negara, Royal Malaysian Police, the Malaysian Anti-Corruption Commission and the Attorney-General Chambers are all junior, subordinate and beholden to Najib, whether as Finance Minister or Prime Minister, when Najib is in fact the “accused” in the investigations.

This is why Malaysians want independent and reputable Malaysians to investigate the Wall Street Journal allegation that US$700 million (RM2.6 billion) was deposited into Najib’s personal bank accounts in AnBank within two weeks of dissolution of Parliament on April 3, 2013. Continue reading ““Be Very Afraid!” when “ignoramus” Ministers give empty assurances about special task force investigation when they may not even be qualified to comment because of conflict of interest”

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Malaysia Premier Najib Under Fire: What You Need to Know

by Niluksi Koswanage Shamim Adam
Bloomberg
July 9, 2015

As Malaysian Prime Minister Najib Razak fights claims aired in a Wall Street Journal report that about $700 million in funds connected to a state investment company allegedly ended up in his personal bank accounts, here’s a guide on the key players in the furor and what to watch for.

Q: What is 1Malaysia Development Bhd. or 1MDB?

Najib chairs the advisory board of the debt-ridden state investment company. The Wall Street Journal reported July 3 that money may have moved through government agencies and companies linked to 1MDB before apparently appearing in Najib’s personal accounts. A task force investigating the claims visited 1MDB’s Kuala Lumpur headquarters on Wednesday and left with documents.

1MDB had its origins in the Terengganu Investment Authority, which was created in 2009 to invest oil royalties from the state of Terengganu. When Najib became prime minister that year it was renamed 1MDB, became a national entity and its funding source was changed to government-backed debt.

The company has courted controversy, accumulating $11 billion of debt in less than five years, paying a premium in the acquisition of energy assets, and criticized for overpaying Goldman Sachs Group Inc. to manage its bond sales.

1MDB flirted with default when it missed a loan repayment late last year and eventually settled it in February. It announced plans the same month to wind down, with asset sales or an initial public offering of its energy unit, and the spinning off of its property businesses. Its purpose was to serve as a catalyst for projects of strategic importance, it said Feb. 18, and it’s “achieved this.”

The auditor-general has been probing 1MDB’s finances since March. It is set to hand its interim report on Thursday to a parliamentary committee. Continue reading “Malaysia Premier Najib Under Fire: What You Need to Know”

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Najib should heed Musa Hitam’s advice and immediately go on leave as Prime Minister pending investigation by an independent commission of inquiry

Datuk Seri Najib Razak should heed the advice of his former mentor, former Deputy Prime Minister, Tun Musa Hitam that he should go on leave as Prime Minister pending investigation into the Wall Street Journal report and allegation of US$700 million (RM2.6 billion) deposited into his personal accounts in AmBank within to weeks of the dissolution of Parliament on 3rd April 2013 and his role and involvement in the RM42 billion 1MDB scandal.

Najib had accused former Prime Minister Tun Mahathir of “working hand in glove with foreign nationals” in “a concerted campaign of political sabotage to topple a democratically-elected Prime Minister”, but Najib cannot make such an accusation against Musa.

In an exclusive interview with The Malaysian Insider, Musa said Najib has three options: (I) to remain in office and fight the allegations; (ii) resign as Prime Minister; and (iii) go on leave pending investigations by a special government task force.

Musa personally would prefer if Najib takes the third option to allow for an open and transparent investigation, as he holds dear to the legal maxim that one is innocent until proven guilty and this applies to Najib. Continue reading “Najib should heed Musa Hitam’s advice and immediately go on leave as Prime Minister pending investigation by an independent commission of inquiry”

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Going on leave best of 3 options for Najib, says Musa Hitam

by V. Anbalagan
The Malaysian Insider
10 July 2015

Embattled Prime Minister Datuk Seri Najib Razak has three options to consider for his immediate future as he wards off allegations that US$700 million (RM2.67 billion) was transferred into his personal bank accounts, Tun Musa Hitam told The Malaysian Insider.

The former deputy prime minister said Najib could: 1) remain in office and fight the allegations, 2) resign as prime minister and, 3) go on leave pending the investigations by a special government task force.

On a personal note, Musa said he would prefer it if Najib took the third option to allow for an open and transparent investigation.

Speaking exclusively to The Malaysian Insider yesterday, the 81-year Musa said he could no longer sit quietly as the issue gripped the nation. Continue reading “Going on leave best of 3 options for Najib, says Musa Hitam”

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Najib, Misappropriation is Not the Main Issue

By Kee Thuan Chye
Malaysiakini
Jul 9, 2015

COMMENT A few things related to the Wall Street Journal’s expose of 1MDB funds having been deposited into Prime Minister Najib Razak’s private AmBank accounts are becoming clearer.

Najib has not denied that he received the US$700 million (RM2.66 billion). And that is very telling. Instead, he is constantly harping that he did not use the money for his personal interest.

He could be telling the truth there because the bulk of the money might have been used to finance Barisan Nasional’s campaign during the 13th general election (GE13) in May 2013.

But even so, it is wrong for him to receive the public funds – if he did receive them. It constitutes a crime. That is the main issue of the case. But he has not addressed it.

That is the issue that the special task force set up to investigate the scandal should focus on. But Najib has announced that the scope of the investigation is only to determine whether he misappropriated the funds for his own use. And this is the same line he is taking with WSJ. Continue reading “Najib, Misappropriation is Not the Main Issue”

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FAQ on WSJ’s money trail exposé

By Malaysiakini Team
Jul 9, 2015

On July 3, The Wall Street Journal (WSJ) dropped a bombshell on Malaysians by claiming that nearly US$700 million (RM2.6 billion) somehow made its way to bank accounts allegedly owned by our prime minister.

Given the complexity of the issue, Malaysiakini has compiled a series of questions sourced from our readers as well as our newsroom, and attempts to answer them.

1. What exactly was the WSJ report about?

The report claims that an ongoing probe by Malaysian investigators have traced nearly RM2.6 billion being transferred into what they believe to be Prime Minister Najib Abdul Razak’s personal bank accounts.

2. Are the accounts really owned by Najib?

The WSJ report does not say this with certainty. They note that remittance documents show account numbers, but does not name Najib.

However, they are in possession of flow charts, purportedly obtained from Malaysian investigators, which attributed the accounts to Najib.

Whistleblower website Sarawak Report, which published a similar report on the same day as the WSJ, claimed that the accounts – bearing the name AmPrivate Banking-1MY, AmPrivate Banking-MY and AmPrivate Banking-MR – indeed belonged to Najib.

3. Has Najib explicitly denied owning the accounts?

No.

4. Has Najib explicitly denied that the transactions took place?

No. Continue reading “FAQ on WSJ’s money trail exposé”

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Cabinet Ministers guilty of abysmal dereliction of duty by giving solid backing to the Prime Minister without knowing whether RM2.6 billion were deposited into Najib’s personal accounts in AmBank, where the monies came from and were they went to

One should thank the lawyers of the Prime Minister, Datuk Seri Najib Razak, for providing some relief to the long drawn-out (six years?), sordid, dreary and astronomical 1MDB scandal which is claiming more and more casualties in its wake, destroying reputations for integrity and even political and professional lives and futures.

The highly-publicised letter from Najib’s lawyers to Dow Jones, the owner of Wall Street Journal (WSJ), has become not only the toast of lawyers but of the international civil society as well.

There was no categorical demand for retraction of the WSJ report last Friday that Malaysian government investigators have found almost US$700 million (RM2.6 billion) deposited into Najib’s personal accounts at AmBank, unconditional apology for the defamation of the Prime Minister, undertaking of no repetition of the defamation and payment of damages, but a most extraordinary (Eric Paulsen of Lawyers for Liberty described it as “bizarre”) letter seeking clarification!

No one can describe the situation better than lawyer Azhar Harun (better known as Art Harun) who commented on Facebook this was the first time he found lawyers asking their potential opponent the meaning of what they had published. Almost every sentence made him cringe.

He said: “If I were acting for Dow Jones, I would advise them to reply as follows : Dear lawyers, inability to grasp and/or understand what we had published is not a known or established ground for defamation suits. Thank you.”

If more “relief” is needed, there is the top banker, CIMB Islamic Bank chief executive officer Badlisyah Abdul Ghani for everybody to joke about as Badlisyah joined the long queue of 1MDB casualties when in a matter of hours, he had to eat his own words for accusing WSJ of falling for false documents with regard to its report claiming that RM2.6 billion were deposited into Najib’s personal accounts in AmBank.

As if Fate has pity on Malaysia in having to suffer from the 1MDB scandal, Malaysians were presented with another “manna” today – the announcement that Najib is scheduled to speak at a high-profile international anti-corruption conference themed: “Ending Impunity: People. Integrity. Action” in Putrajaya from Sept. 2 amid allegations that he embezzled US$700 million in state funds! Continue reading “Cabinet Ministers guilty of abysmal dereliction of duty by giving solid backing to the Prime Minister without knowing whether RM2.6 billion were deposited into Najib’s personal accounts in AmBank, where the monies came from and were they went to”

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3 questions for new Cabinet

Rama Ramanathan
The Malaysian Insider
9 July 2015

Because of 1Malayisa Development Bhd (1MDB), Prime Minister Datuk Seri Najib Razak must soon vacate his position. His successor will replace the Cabinet. What should we look for in the new Cabinet?

Of the many facts about 1MDB, I consider three to be especially pertinent: (1) the only money 1MDB ever had was borrowed – mainly from banks and partly from government agencies; (2) most of 1MDB’s profit is from revaluation of assets; (3) 1MDB overpaid for some assets.

I’ll consider each in turn. Continue reading “3 questions for new Cabinet”