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Old 26-06-2015, 10:21 AM   #1
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1MDB investigations will continue

The Star/Asia News NetworkThursday, Jun 25, 2015

The Public Accounts Committee (PAC) probe into 1Malaysia Development Berhad (1MDB) will not be influenced by the arrest of a former PetroSaudi International employee - at least for now.

"The PAC investigations on 1MDB will continue as planned. Our probe is about the governance of the organisation and issues of any wrongdoing are only part of our investigations," said PAC chairman Datuk Nur Jazlan Mohamed when contacted yesterday.

He said neither the arrest of Xavier Justo (pic) nor the alleged doctoring of documents released by him would affect the committee's investigations.

However, he also qualified this by saying: "Our job is to consider any information including the PetroSaudi deal and interview witnesses to verify the authenticity of the information."

Nur Jazlan, who is currently abroad, said the committee would sift through the information and evidence gathered during its hearing to come to its own findings.

PAC deputy chairman Dr Tan Seng Giaw echoed similar sentiments, saying the arrest of Justo was "an issue between PetroSaudi and a former employee".

"He is not employed by the Finance Ministry, which owns 1MDB," he said.

Dr Tan said the bipartisan committee was focused on 1MDB's dealings and transactions in entirety and were not confined to the PetroSaudi deal.

"Our concerns are those expressed by the rakyat as it involves a large amount of public funds.

"Where did 1MDB get its money, how was it spent and where is the money now?" he asked, adding that PAC was answerable to Parliament.

Nur Jazlan and Dr Tan were asked to comment on the leaked documents by Justo to online portal Sarawak Report.

Justo was arrested at his home in Thailand on Monday and was charged with attempted blackmail and extortion against his former employer.

The PAC has so far called 1MDB auditors Deloitte and KPMG to testify before it.

1MDB's president and group executive director Arul Kanda Kandasamy, and its former chief executive officer Datuk Shahrol Azral Ibrahim Halmi will appear before the committee on Aug 4 and 5. Also to be called are the company's board of directors.

It is learnt that the Cabinet, which met yesterday, was informed of the arrest but did not discuss the incident.

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Old 26-06-2015, 10:25 AM   #2
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I can't wait for Malays in Malaysia to be like Singapore's: Former Malaysia Law Minister
Former Malaysia Law Minister Zaid Ibrahim has said that his "Malays under Najib will be Talibans" tweet has been incorrectly interpreted by an online news portal.

POSTED: 25 Jun 2015 18:11

SINGAPORE: Malaysia's former Law Minister Zaid Ibrahim said on Wednesday (Jun 24) that his "Malays under Najib will be Talibans" tweet has been incorrectly interpreted by an online news portal.

"When commenting on my tweet last week, the portal suggested that I would not mind Malays here being marginalised like Singaporean Malays as long as they do not become extremists like the Taliban," said Mr Zaid. "This interpretation of my tweet is certainly incorrect."

He added: "Singaporean Malays, although a minority, are also not marginalised. Many of them are happy with the Singaporean Government and it would be silly for the PAP (People's Action Party) to even think of discriminating against Malays and risk forfeiting 15 per cent of the vote."

"RETORT WAS THAT DR MAHATHIR WAS WRONG": ZAID

In a tweet on Jun 21, Mr Zaid had said: "Sorry Tun if under Najib Malays here will become like Spore Malays; I will give him full support. Malays under Najjb will be Talibans."

The former Law Minister on Wednesday said that the tweet was in response to former Malaysia Prime Minister Dr Mahathir Mohamad's statement that "Prime Minister Datuk Seri Najib Razak would make the local Malays more like Singaporean Malays – that is, allegedly 'second-class citizens' and marginalised."

"My retort was that Dr Mahathir was wrong," said Mr Zaid. "Najib would make Malays like the Taliban, but if under Najib Malays here grew to become like Malays in Singapore, then I would be happy to support him."

In a video released by blogger Din Turtle on Jun 20, Dr Mahathir addressed a closed-door forum by the Perdana Leadership Foundation, saying: “If we don’t acknowledge the crime that is happening here, there is a high likelihood that we will lose and we will be divided ... And we will suffer the fate of the Malays in Singapore, in southern Thailand and other places.”

“Now we are thankful because we are still in power but if Najib leads the country, we will lose that power in our hands and at that point, there won’t be anyone there to offer us protection," Dr Mahathir added, according to The Malay Mail Online.

Said Mr Zaid in his statement on Wednesday: "No one wants to see Malays marginalised and poor - certainly not me. Malays should be given the best opportunities to improve and they deserve much more than what they currently have."

SINGAPOREAN MALAYS REAP BENEFITS OF MODERN ADVANCED ECONOMY: ZAID

Mr Zaid also said that he wished Malays in Malaysia were more like those in Singapore.

"Singaporean Malays do not have the same 'special treatment' as their Malaysian counterparts, so you could say that they are worse off than us," he said. "However, their leaders are clean and the transparent system of government there means it’s a lot more difficult to siphon off public money for private use."

"Singapore also has a good and fair housing policy, for example, and I am sure Malays here would be better off if we had the same thing," he added.

"The difference is this: Singaporean Malays reap the benefits of the modern advanced economy that is Singapore and are encouraged by political leaders to develop themselves," said Mr Zaid.

"I can’t wait for Malays here to be like Singaporean Malays."

- CNA/hs/av

--------------------

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Old 26-06-2015, 10:41 AM   #3
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1MDB claims leaked PetroSaudi emails tampered with

The Star/Asia News NetworkWednesday, Jun 24, 2015

PETALING JAYA - The leaked emails connected to the arrest of a former PetroSaudi employee were tampered with, claims 1Malaysia Development Berhad (1MDB), but the Government investment arm says it remains confident of a thorough investigation.

"1MDB notes press reports today on the arrest of a former PetroSaudi staff for attempted blackmail and extortion in relation to proprietary email information belonging to PetroSaudi. We further note that initial probes show that some leaked emails were tampered with," it said in a statement on Wednesday.

1MDB said it would co-operate with authorities and were confident that the probe would be conducted thoroughly.

"1MDB is confident that the lawful authorities will thoroughly investigate, establish the facts and take appropriate action under the law. As stated previously, 1MDB pledges its full co-operation with the lawful authorities in their ongoing investigations on this matter," it said.

On Wednesday, Thailand's Bangkok Post, quoting acting commander of the Royal Thai Police's Crime Suppression Division, Pol Col Akaradech Pimonsri said that former PetroSaudi exec Xavier Justo, 49, was paid the equivalent of 140mil baht (S$5.54 million) to leave the company after he was found to have "behaved against the company's rules and regulations."

Pimonsri also accused the former IT executive of demanding another 90mil bath from the company in exchange for not disclosing confidential information to rival companies.

Justo was arrested at a house at Koh Samui on Monday, allegedly for leaking information information to the London-based Sarawak Report website for several reports about 1Malaysia Development Berhad (1MDB).

Justo has denied the allegations.

On Tuesday, PetroSaudi said that they had been "the victims of a regrettable crime that has unfortunately been politicised in Malaysia" via a press statement.

PetroSaudi added that they are happy to "finally set the record straight."

PetroSaudi had become embroiled in the 1MDB controversy after a joint-venture deal between the two companies was said to have been orchestrated by business tycoon Low Taek Jho.
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Old 30-06-2015, 07:13 PM   #4
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Najib’s supporters don’t understand 1MDB’s ‘shady business’, says Dr M
TODAY reports: In his latest blog post, Malaysia's former Prime Minister Mahathir Mohamad says a “large amount of money had disappeared” after state investment vehicle 1Malaysia Development Bhd borrowed RM42 billion to dabble in “shady businesses”.

POSTED: 30 Jun 2015 08:44

KUALA LUMPUR: Prime Minister Najib Razak’s supporters do not seem to understand that state investment vehicle 1Malaysia Development Bhd (1MDB) had borrowed RM42 billion (S$15 billion) to dabble in “shady businesses”, resulting in a loss of money, said former Prime Minister Mahathir Mohamad on Monday (Jun 29).

In his latest blog post, Dr Mahathir said that in the process, a “large amount of money had disappeared”.

Referring to a recent announcement in the London Stock Exchange that International Petroleum Investment Company (IPIC), backed by the Abu Dhabi government, would undertake some of 1MDB’s debts in return for a transfer of assets, the former Premier said no mention had been made of which 1MDB asset would belong to IPIC.

“If it is the power plants or the land (that 1MDB had purchased using public funds), it would mean that these assets are no longer 1MDB’s to sell. So how does 1MDB recover the RM42 billion it has borrowed (from the government)?” he asked.

Dr Mahathir noted that the entire restructuring of the beleaguered state investment vehicle seemed to be about selling off assets to clear the loan.

1MDB has maintained that the value of its assets can offset the RM42 billion debt, though its cash flow struggles have led to a restructuring exercise.

“The money is to come from the sale of TRX (Tun Razak Exchange) and Bandar Malaysia land. 1MDB paid an extremely low price for this land. But can 1MDB do so?” he asked.

Dr Mahathir added that the money borrowed by 1MDB had been used to buy Independent Power Producer (IPP) at inflated prices.

1MDB is currently being investigated by the Auditor-General and the bipartisan parliamentary Public Accounts Committee (PAC) over its dealings.

Commenting that on the recent arrest of a PetroSaudi International executive who had tampered and leaked email correspondence between the company and 1MDB, Dr Mahathir said the arrest had no bearing on the fact that the two companies had entered a “worthless” joint venture.

He said the arrest of the executive, Mr Xavier Justo, by the Thai authorities on charges of blackmail did not change the fact that 1MDB had entered into a lopsided deal with PetroSaudi and overpaid for energy assets.

“Even if Justo had tampered with the emails, it doesn’t alter the fact that 1MDB had forked out US$1.9 billion (S$2.57 billion) for the joint venture with PetroSaudi, which within six months became so worthless that it was aborted,” Dr Mahathir wrote.

He also ridiculed those who were demanding an apology for the criticism of 1MDB following Mr Justo’s arrest.“Some people are very excited about Justo. Now, they say the critics of the Prime Minister should apologise. Apologise for what?” Dr Mahathir said.

“The fact remains that vast amounts of money have disappeared. Can Justo bring all the money back?” asked the former Premier, who has been outspoken against the failings of 1MDB, saying Mr Najib should step down over the scandal.

Dr Mahathir was responding to comments on Monday by Second Finance Minister Ahmad Husni Hanadzlah, who said the Justo case had much impact on 1MDB.

“Before (the arrest), 1MDB was seen as a ‘fragile’ company involved in scandals and facing various ‘online’ accusations,” said the minister.

“With the arrest of Justo, and based on what he has said, it is clear that the various issues concerning 1MDB did not arise and that it was on the right track,” he added.

Read the original report on TODAY here.

-TODAY/al
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Old 30-06-2015, 08:17 PM   #5
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Why not he show-hand leh.

Waste time leh talk here talk there.
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Old 30-06-2015, 09:48 PM   #6
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Quote:
Originally Posted by loveikan View Post
Why not he show-hand leh.

Waste time leh talk here talk there.
can show hand.....but no money.......I'm afraid later someone will get blown up in some forest.........
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Old 08-07-2015, 04:29 PM   #7
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PKR to file suit to nullify BN’s GE13 win over WSJ expose
BY SYED JAYMAL ZAHIID

PETALING JAYA, July 8 — PKR will file a civil suit to declare the results of Election 2013 null and void, following the Wall Street Journal’s (WSJ) expose that US$700 million (RM2.6 billion) from 1Malaysia Development Berhad (1MDB) had been transferred into Prime Minister Datuk Seri Najib Razak’s personal accounts, some purportedly during the heated campaign for the federal polls.

PKR vice-president Nurul Izzah Anwar said the suit was imperative as the legitimacy of the 13th general election and BN’s rule have been brought into disrepute by the exposé.

“Keadilan will file the suit to nullify the 13th general election results, especially those (seats) held by BN-Umno post-expose by WSJ and Sarawak Report with regards to the embezzlement of funds for elections that involved the prime minister and Umno president.

The Lembah Pantai MP claimed that although the staggering sum used to finance the ruling coalition’s campaign was a breach of election laws, the opposition cannot rely on the Election Commission to take necessary action given its track record of alleged preferential treatment towards BN.

“The EC, true to its expected form and nature, cannot be expected to take action.

“The EC’s past conduct - ranging from the civil suit it faced following the indelible ink fiasco, the various inaction to pledges of political bribery implicating government ministers, to the appeal it made following Sarawak PKR’s success in achieving a High Court decision mandating the EC to redo Sarawak’s re-delineation process in accordance with Schedule 13 of the Federal Constitution - have severely eroded its credibility,” Nurul Izzah said.

After a meeting between rights groups members and opposition lawmakers yesterday, Datuk Ambiga Sreenevasan said BN must hand over power to a caretaker administration and hold a general election by next year over claims the prime minister received funds from 1MDB.

The social activist said this was necessary as the alleged corruption may involve other leaders in the Najib administration.

Ambiga added that an interim government will ensure a proper investigation into the claim linking 1MDB funds to Najib.

Today, Nurul said PKR is prepared to face elections should its suit result in the nullification of Election 2013.

- See more at: http://www.themalaymailonline.com/ma....PXF8Lmk7.dpuf
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Old 09-07-2015, 12:01 AM   #8
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Her husband was sent to jail by these judges appointed by the garment......so don't think there is any chance for a fresh GE.......
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Old 09-07-2015, 12:46 PM   #9
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Quote:
Originally Posted by hkh View Post
Her husband was sent to jail by these judges appointed by the garment......so don't think there is any chance for a fresh GE.......
Theywan to pin him down oso impossible. They start to destroy edv. This boat very big, chick sink, every1 sink. So all now faster cover n destroy. Or else y only wan to find leak & not investigate chick. 6 acct freeze but no chick acct, n he is still on duty. So tink oso noe, where got investigate in this manner 1
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Old 09-07-2015, 02:01 PM   #10
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Quote:
Originally Posted by vincent2982 View Post
Theywan to pin him down oso impossible. They start to destroy edv. This boat very big, chick sink, every1 sink. So all now faster cover n destroy. Or else y only wan to find leak & not investigate chick. 6 acct freeze but no chick acct, n he is still on duty. So tink oso noe, where got investigate in this manner 1
Instead of thanking the whistle blower.......now they want to crucify him for leaking the information to WSJ..........WTF.......
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