Tuesday, September 8, 2015

Prime Minister Najib - The Bugis Street Worrier Gone Mad

In his feeble attempts to to stay in power and protect those who have swindled the country via 1MDB, himself included, PM Najib has from day to day come out with more howlers.

Old habits die hard. As an ardent supporter of UMNO/BN, I almost always refuse to quote opposition linked media the likes of Malaysiakini and The Malaysian Insider. Unless of course to be critical of their innuendos and misleading reports.

Alas, Rocky Bru blog, which I still respect, has fallen into a category of misleading it's readers.

Now there are no more worthy news media to rely on. I have no choice.

The Malaysian Insider reported PM Najib calling Bersih 4 ‘demo-crazy’. 

What was reported in Bernama, content similar with TMI, did not carry the Bersih 4 demo-crazy remark by Najib.

I will touch on two passages quoting PM Najib from Bernama with my comments thereafter.
  1. "Kita tahu apa kelemahan kita. Kita sanggup membetulkan kelemahan kita. Kita bukanlah kerajaan yang angkuh. Kita bukanlah kerajaan yang sombong dan bukanlah kerajaan yang kata kita ini segala-galanya baik, tetapi kita sanggup membetulkan apa yang masih lagi perlu diperbetulkan" 
  2. "Saya dah kata bagi tempoh. Kalau dulu pun ada isu krisis kewangan Asia lagi teruk. Berapa (banyak) syarikat tertiarap masa itu, tersungkur, nilai ringgit merudum sampai RM4.88 waktu itu, ekonomi menguncup -7 peratus, rizab kita RM20 bilion, tetapi kita tidak menggulingkan kerajaan"
Before commenting on Najib's statements I would like to point out and believe that I was among the many, many UMNO/BN supporters, including Datuk Rocky and the Bru, who were instrumental in getting Pak Lah to leave office through our blogs and comments throughout the social media.

THIS WAS BECAUSE OF PAK LAH'S DISASTROUS SECOND OUTING IN GE 12.

When PM Najib did even worse in GE 13, I,  and we all still stood by him. Not anymore.

My comments in blue italic:

Kita tahu apa kelemahan kita.
Not "our" weakness but yours, Dear Leader.  The 1MDB shenanigans. The US$ 681 billion "donation" deposited, and unaccounted for, into our Dear Leader's personal bank account.

Kita sanggup membetulkan kelemahan kita. Kita bukanlah kerajaan yang angkuh. Kita bukanlah kerajaan yang sombong dan bukanlah kerajaan yang kata kita ini segala-galanya baik, tetapi kita sanggup membetulkan apa yang masih lagi perlu diperbetulkan.
Correcting weaknesses by sacking the present UMNO Deputy President as Deputy PM. By sacking the Attorney General. By compromising the PAC. By arresting and harassing the MACC, BNM officers and by extension the Governor of BNM.

They were honestly seeking truth and justice. They were tasked by their duty-bound obligations to right the wrong.

They have been replaced by inept, compliant and no conscience AG and IGP.

Last but not least, replaced by a jailed homosexual Anwar Ibrahim known supporter, the new DPM, Ahmad Zahid.

Saya dah kata bagi tempoh. 
It's the same and tired song, give Najib more time. First, more time into investigations of 1MDB and the task force investigating the US$681 million into Najib's personal bank account. 

For all intents and purposes there is no longer any honest investigation into the villainous 1MDB or the even more damnable US$ 681 million "donation".

More time to cover-up more than likely.

Is Najib now acknowledging that there is a crisis in our economy?  Now, need more time to reverse an ailing economy?

More time to make it worse, most likely.

Kalau dulu pun ada isu krisis kewangan Asia lagi teruk. Berapa (banyak) syarikat tertiarap masa itu, tersungkur, nilai ringgit merudum sampai RM4.88 waktu itu, ekonomi menguncup -7 peratus, rizab kita RM20 bilion, tetapi kita tidak menggulingkan kerajaan.
That crisis, the Asian Financial Crises, were caused by external forces wrecking Governments and nations through currency speculation.

The present currency crisis is a more crisis of confidence. 

At the time, the one who had wanted to bring down the Government and NOT the sitting PM, was the homosexual Anwar Ibrahim after first being sacked as DPM and then expelled from UMNO.

The only way for Anwar to assume power was for the nation to capitulate to IMF with help of his cronies like Al Gore.

Tun Mahathir had good reason to remove Anwar as DPM cum finance minister.  The Supreme Council gave Anwar every chance to explain and defend himself  or resign but chose to berate the party president and was expelled.

Who do we have to thank for saving us from that crisis? The very same person, who with no other avenue, is forcing Najib to step down - Tun Mahathir. 

Tun Mahathir is still an UMNO stalwart member and so too is Tan Sri Muhyddin.

The point is both are still members of UMNO and they are not as foolish, as Najib is saying, whose intentions are to topple the BN Government.

So, in order to justify saving a crisis created by himself, Najib is willing to sack two of UMNO's prominent members?

I do not think sacking UMNO leaders critical of Najib is just a rumour. 

As the 1MDB and US$ 681 million "donation" sore festered to a gangrenous stage, so too has Najib's madness. Hence, his incoherent and contradictory statements.

The only way to treat gangrene is to chop off the infected body part, ala PAS Hudud style.

Sources:
TMI, "Economy no reason to topple government, says Najib calling Bersih 4 ‘demo-crazy"
Bernama, "Kerajaan BN Bukan Angkuh, Sedia Baiki Kelemahan - PM Najib"
WSJ, "Investigators Believe Money Flowed to Malaysian Leader Najib’s Accounts Amid 1MDB Probe"
MalayMail, "MACC confirms Najib’s RM2.6b donors from Middle East but says can’t reveal names"
Rocky Bru, "Jose Ugaz is no Al Gore but they want to cause the same thing to happen ...
Executive Intelligence Review, "Malaysia’s Challenge to IMF: A Lesson on ‘Method’"
CNN, "Battle of Wills"

Related reading: 
MalayMail, "Nazir: 1MDB advisor’s exit sends dire message to GLCs"


Thursday, September 3, 2015

Swiss Probe on 1MDB - What a Laugh

Swissinfo.ch online headlines "Swiss freeze millions amid probe of Malaysian fund"

The report verbatim:
SEP 3, 2015 - 09:39 

The Swiss Federal Prosecutor’s Office has confirmed to swissinfo.ch that it has frozen assets amounting to several tens of millions of US dollars on Swiss bank accounts. This is amid investigations into Malaysia’s troubled state investment fund, 1Malaysia Development Berhad (1MDB), on suspicion of corruption and money laundering. 

Both Swiss and Malaysian authorities are conducting inquiries concerning the fund, whose advisory board is chaired by Prime Minister Najib Razak. The fund has been dogged by controversy over its $11 billion (CHF10.7 billion) debt and alleged financial mismanagement. 

“On August 14, the Federal Prosecutor’s Office opened criminal proceedings against two executives of the Malaysian State owned fund 1MDB as well as against persons unknown for suspected corruption of foreign officials, suspected misconduct in public office and suspected money laundering,” Anna Wegelin, spokeswoman for the prosecutor’s office, told swissinfo.ch in a written statement on Thursday.

“The proceedings are based on two notifications of suspicious transaction reports by the Swiss financial intelligence unit MROS.” 

Wegelin added that at this early stage of the procedure, the prosecutor’s office was analysing and consolidating evidence. 

“The prosecutor’s office is already in contact with the Malaysian authorities. International cooperation with foreign countries, in particular with Malaysia, will probably be necessary to establish the facts,” she said. 

‘Rebranding’ 

In Malaysia, 1MDB noted the report and told Reuters: “As far as 1MDB is aware, none of the company’s bank accounts have been frozen. 1MDB is in the process of developing a better understanding of the on-going investigations in Switzerland so the company can cooperate to its fullest extent.” 

Swiss financial regulator FINMA has also said it was checking with some Swiss banks on whether they have done business with 1MDB. FINMA declined comment on the status of its inquiries. 

Malaysia’s attorney general last month denied reports that a new task force would investigate 1MDB, saying the new body was just a “rebranding” of an existing team that focuses on crimes such as tax evasion and illegal fund flows.

Comment:

Earlier response from 1MDB on reports that the "The Swiss Office of the Attorney General has opened criminal proceedings relating to Malaysia's troubled state investment fund 1Malaysia Development Berhad (1MDB)",  while the Malaysian AG drags it's feet, was that they, 1MDB, had not been contacted by the Swiss authorities in the matter.

The report above even takes a dig at the Malaysian AG with it's "Rebranding" of a defunct and dysfunctional task force.

The official media response from 1MDB, as reported above, is that "as far as 1MDB is aware, none of the company's bank accounts have been frozen."

This response from 1MDB is another self defense mechanism frequently employed to cloud the actual situation.

Which 1MDB bank accounts frozen and where?

Why not be specific and say "1MDB can confirm, none of the company's bank accounts in Switzerland have been frozen".  

And why wait for press reports? Why didn't 1MDB announce that they had been contacted by the Swiss authorities?

"As far as 1MDB is aware," what a laugh.

But 1MDB and Prime Minister Najib is the laughing stock around the world and of the international anti-corruption community, so, what the heck, right?

Sources:
Swissinfo.ch,"Swiss freeze millions amid probe of Malaysian fund"
Swissinfo.ch,"Swiss open criminal proceedings linked to 1MDB"
1MDB, "1MDB ready to assist"
1MDB, "1MDB not aware of accounts being frozen"
Yahoo News, "Anti-graft group: Malaysian PM must explain $700M in account"

Tuesday, September 1, 2015

Why the Switzerland's Office of the Attorney General (OAG) Is Probing 1MDB


"In a statement, the OAG clarified the nature of its investigation into 1Malaysia Development Berhad (1MDB), which was first made public on Friday.

The proceeding has been initiated because of suspected corruption of foreign officials, suspected misconduct in public office and suspected money laundering, the OAG said."
Source:
SWI swissinfo.ch "Swiss 1MDB probe focuses on two executives, unknown persons"

Sunday, August 23, 2015

Gulf Times Reports 1MDB Scam

Switzerland could turn the scales in 1MDB scam 

22 August 10:49 PM By Arno Maierbrugger/Gulf Times Correspondent/Bangkok

Report verbatim:

Although the Malaysian government is trying its best to return to a normal agenda after the scandal surrounding state-owned fund 1Malaysia Development Berhad has been calming down a bit, at least in the public, there is a lot going on behind the scenes.

First of all, Swiss financial regulator FINMA said on August 19 that it will check with some of the country’s banks on whether they carried out any business with 1MDB and whether fishy transactions were involved.

“We are contact with several banks in this matter,” a FINMA spokesman said, adding that the regulatory body is “clarifying whether and to what extent banks were involved and how the terms of Swiss regulatory law were implemented.”

While he did not name the banks, at least four are known to have dealt with 1MDB: Falcon Private Bank, a subsidiary of Abu Dhabi-based Aabar investment and Lugano, Switzerland -headquartered private bank BSI, both through their Singapore branches, as well as JP Morgan (Swiss), the house bank of Saudi oil company PetroSaudi, and Zurich-based bank Coutts & Co. Overall, according to Swiss media reports, there are at least “half a dozen” Swiss banks under scrutiny, and some of them have already been ordered to block accounts during investigations.

Secondly, the Swiss Attorney General’s Office confirmed on August 22 that it has opened criminal proceedings against two entities of 1MDB as well as against an unknown person and will investigate Swiss banks and businesses over their role in the scandal. The related complaint, alleging money laundering and other financial offenses, was filed by Basel, Switzerland-based Bruno Manser Fund, a non-governmental organisation and legacy of Swiss-born environmental activist Bruno Manser, who in the 1990s fought for rainforest preservation and against timber corruption in Malaysia’s state of Sarawak but disappeared in the Borneo jungle without a trace in 2000 and is presumed dead. Since then, the fund is at loggerheads with the Sarawak government in particular and the Malaysian government in general. Its representatives call on Swiss authorities in particular to investigate the legal compliance of the Singapore subsidiaries of Swiss banks Falcon Private Bank and BSI with Swiss banking laws. According to the Swiss penal code, Swiss banks and businesses are forbidden to get involved in money laundering or corruption anywhere in the world.

Particularly helpful for the investigation is data material including account details and payment receipts that have been brought into circulation by former PetroSaudi employee Xavier Justo. The Swiss national, acting from Thailand, confessed to stealing data from PetroSaudi and trying to blackmail his former employer. He was caught by Thai authorities and handed a three-year prison sentence on August 17 at a Bangkok criminal court. But the information made it to several whistleblowers, among them Khairuddin Abu Hassan, a former politician of Malaysia’s ruling UMNO party who was sacked earlier this year because of his criticism of 1MDB. Khairuddin said on his Facebook page that he personally submitted documents and evidence on 1MDB to the Swiss Attorney General’s Chambers in Bern, Switzerland, on August 18, saying he was “disappointed with law enforcement and monetary agencies in Malaysia.” Khairuddin also lodged a police report with French police last month against 1MDB and one with UK police on August 21.

In the 1MDB case, the whereabouts of $1.8bn of its funds are unknown. A probe found that around $680mn made their way on a private bank account of Malaysia Prime Minister Najib Razak, who denied any wrongdoing and claimed that the money was a “donor” from Saudi Arabia, meant as of appreciation to Malaysia for “championing Islam” and fighting militant group ISIS.

However, unease is growing in the Middle East over the issue. The Saudi government is reportedly not amused about making in into the headlines in the 1MDB case, and at Falcon Private Bank’s parent, Aabar Investment, which is a subsidiary of Abu Dhabi-government-owned  International Petroleum Investment Company, two top executives, Chairman Khadem al Qubassi and CEO Mohamed al Husseiny, have been shown the door.

PM Najib Donation to Help BN Against DAP Funded by Jews

News Update: World | Sun Aug 23, 2015 4:48am EDT

Malaysia's debt-laden 1MDB says not contacted by Swiss
Switzerland's Office of the Attorney General on Friday said it had opened criminal proceedings relating to 1MDB, which involved "suspected corruption of public foreign officials, dishonest management of public interests and money laundering".
1MDB's qualified statement:

1MDB ready to assist
We refer to media reports that Switzerland’s Office of the Attorney-General has opened an investigation relating to 1MDB.  
1MDB has not been contacted by any Swiss authorities but is ready to assist in any investigation if approached, subject to advice from the appropriate Malaysian authorities. 
We remain committed to fully cooperate with all lawful authorities that are currently investigating 1MDB.  
My comment:

All "appropriate Malaysian authorites" ultimately takes instructions from PM Najib. 

Related news report:

Swiss open criminal proceedings linked to 1MDB
The Swiss Office of the Attorney General has opened criminal proceedings relating to Malaysia's troubled state investment fund 1Malaysia Development Berhad (1MDB). 
"The Office of the Attorney General confirms that, on August 14, 2015, it opened a criminal procedure against two entities of 1MDB as well as against an unknown person," a spokesman said in an email quoted on Reuters. 
The case involved "suspected corruption of public foreign officials, dishonest management of public interests and money laundering", he said. 
The criminal proceedings follow two communications from the Money Laundering Reporting Office Switzerland (MROS), the spokesman added. 
News of the investigation was first reported by Swiss newspaper Le Temps. 
Swiss financial regulator FINMA said on Wednesday that it was checking with some of the country's banks whether they carried out business with 1MDB. 
1MDB, whose advisory board is chaired by Prime Minister Najib Razak, was the subject of a probe by Malaysia's central bank which was completed earlier this month. The fund has been dogged by controversy over its $11 billion (CHF10.4 billion) debt and alleged financial mismanagement
Original Post

According to news reported online by Straits Times Singapore attributed to Malaysiakini,  DPM Zahid explained at the Sri Gading Umno division annual meeting about the "US$700 million (S$983 million) to Prime Minister Najib Razak and they told him the money was to ensure that Barisan Nasional (BN) win the 13th general election."

What is interesting in the same report, "Speaking at the same event, Sri Gading Umno chief Abdul Aziz Kaprawi said the Arab donor made the contribution so that the Umno party could fight the Democratic Action Party (DAP), which is funded by the Jews, during the 2013 general election."

Kaprawi further embellished that statement by saying the "donor feared that through DAP, Jewish influences would permeate Malaysia and destroy the Islamic government led by the Barisan Nasional (BN) coalition", the Straits Times quoting the Malaysian Insider.

Until DPM Zahid, who is also the Home Minister, denies having any knowledge that the DAP is funded by Jews or distances himself from Kaprawi's statements, we can accept that those particular statements were actually said and Zahid stands by those statements.

The Star online on the same subject did not have any references to those "Jew" statements. It should have. For one reason only - it would put to bed and refute what blogger Helen Ang had always advocated i.e. the DAP Evangelistas Christian support and derisions of The Star, in this respect.

The DAP will also be happy that Helen Ang has been shooting the wrong target. It was the Jews who have supported the DAP all along and not the Christian Evangelistas with their Christian agenda.

The Arab donor must have been convinced that Jew funds and support for the DAP to be considerable. Hence, the handsome donation of US$ 700 million into the personal account of PM Najib.

Or the Arab donor could have been misled. The Arab donor might not have known that PM Najib's buddy is non other than US President Obama, "a president who has stood with Israel in times of crisis and has strengthened the Jewish state’s security in concrete ways, ensuring it maintains a qualitative military edge.



Maybe the Arab donor found out PM Najib betrayed their trust, demanded its donation back and could the reason why any balance of the donation was transferred out when the Najib personal account was closed. 

Jews supporting DAP could be true - the Anwar Ibrahim factor.

BN supporters myself included, had attacked DSAI feverishly for his infamous association with Jewish neo-cons. Remember DSAI's very close relationship with Paul Wolfowitz? 

Then again that cannot be. The Jewish connection with DSAI cannot be true because if it were, surely the Islamist party PAS would not want anything to do with PKR in the Pakatan Rakyat coalition. DSAI was and still is PKR's de facto leader.

To be sure, DPM Zahid can enlighten us. 

As Home Minister, he is privy to all PDRM Special Branch dossier on every DSAI Jewish connections.

Zahid notwithstanding as Home Minister was, as UMNO Youth Chief at the height of the Reformasi, the No 1 stooge for DSAI. Zahid, on DSAI's instructions had accused Tun Mahathir of "kronisme and nepotisme", got slapped in the face and subsequently expelled from UMNO.

Being close and comfort with DSAI, Zahid can on a personal level attest to any DSAI Jewish support and by extension Jewish influence permeating Malaysia, as Kaprawi said.

Sources:
Straits Times, "Malaysia DPM says Arab donation to Najib meant to keep BN in rule" 
The Star, "Zahid: I have met donor" 
Helen Ang, "Finally, The Star admits giving DAP evangelistas the VIP treatment"  "Palestinians and Israel" (Comments number 29 and 30) 
Najib, "My selfie with President Obama" 
Haaretz, "Obama Has a Stronger Record on Israel Than You Might Have Been Led to Think"
Utusan"Zahid Admits Being Told By Anwar To Raise Issues On Nepotism"  
Utusan, "Senarai kroni Anwar -- Rustam Sani yang hebat mengecam kerajaan juga mendapat projek"  

Related reading:
Sinar Harian online, "Bukan Malaysia sahaja terima sumbangan"