The first step to Save Malaysia from global kleptocracy is to end the “global pretence” that the international multi-billion dollar 1MDB money-laundering scandal had been resolved and ceased to be an issue.
This was what the Prime Minister, Datuk Seri Najib Razak had promised more than a year ago.
In his meeting with some 1,000 UMNO divisional leaders and selected representatives of NGOs on 14th June 2015, Najib gave an assurance that the controversy surrounding the state investment arm 1MDB will be resolved by year-end.
In his 2016 New Year message on 31st December 2015, Najib told Malaysians that his RM50 billion 1MDB and RM2.6 billion donation twin mega scandals had been resolved and were no more issues.
Najib could not be more wrong, as illustrated by the decision yesterday of the Swiss Financial Market Supervisory Authority (FINMA) ordering Coutts & Co., which is owned by the Royal Bank of Scotland, to surrender 6.5 million francs (RM29.1 million) in illegal profits from transactions linked to 1MDB. Continue reading “First step to Save Malaysia from global kleptocracy is to end “global pretence” that 1MDB scandal has been resolved and ceased to be an issue”