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Showing posts with label Corruptions. Show all posts
Showing posts with label Corruptions. Show all posts

Friday 1 March 2024

Poor ringgit performance due to a lack of competitiveness in Malaysia, a 28-year-old problem as a result of 1MDB financial scandal and the subsequent corruptions.

 

The ringgit's poor performance can be attributed to a lack of competitiveness in Malaysia over the past 28 years, says a World Bank economist. Apurva Sanghi said this was partly a consequence of the 1Malaysia Development Bhd (1MDB) financial scandal.

 

PETALING JAYA: The ringgit’s poor performance can be attributed to a lack of competitiveness in Malaysia over the past 28 years, says a World Bank economist.

Apurva Sanghi said this was partly a consequence of the 1Malaysia Development Bhd (1MDB) financial scandal.

“Weak ringgit is ultimately a symptom of long-term decline in Malaysia’s competitiveness,” Apurva said on X.

The economist said while many Asian countries also slid following the 1998 financial crisis, Malaysia’s lack of reforms had affected its economy in the long run.

He added that Malaysia opted for short-term solutions to boost the ringgit in the immediate aftermath of the financial crisis.

Apurva said it consequently hurt the currency in the long run, adding that the government’s measures resulted in its GDP and exports falling.

He said the Thai baht and South Korean won outperformed the ringgit as both countries arguably reformed the most after the financial crisis.

Separately, Perikatan Nasional chairman Tan Sri Muhyiddin Yassin said the government should own up to its own failures instead of pointing fingers at others.

Muhyiddin said it is unreasonable for the government to blame the Opposition for the fall of the ringgit when they are the ones in power.

“They are the government of the day and have the responsibility, role and power to manage the country,” he said during his Pagoh constituency Chinese New Year celebration at a temple in Bukit Pasir yesterday.

The Pagoh MP was responding to former Sabah chief minister Datuk Seri Salleh Said Keruak, who said the Opposition’s constant claims about trying to topple the government mean they should shoulder some of the blame for the weak ringgit.

 

https://www.facebook.com/share/r/htSk5YiWYyri4v5M/?mibextid=D5vuiz




Soul-searching for ringgit solutions





Thursday 12 October 2023

Former Goldman Sachs Malaysia banker Roger Ng returned to help in 1MDB PROBE





KUALA LUMPUR: Former Goldman Sachs banker Roger Ng (pic) has arrived in Malaysia to assist investigations on the 1Malaysia Development Bhd (1MDB) scandal.Inspector-General of Police Tan Sri Razarudin Husain confirmed that Ng arrived in Malaysia at about midnight.

“He has already arrived in Malaysia and is under police custody. However, I cannot divulge more details on the matter for security reasons,” he said when contacted yesterday.

The IGP also did not indicate when Ng would be brought to court to face charges.

The Attorney General’s Chambers have yet to respond to queries regarding Ng’s return to Malaysia.

  
Officials from the Malaysian Anti-Corruption Commission said the former banker’s return was a matter handled by the police.

Home Minister Datuk Seri Saifuddin Nasution Ismail previously said the government’s priority with Ng’s return was to ensure the return of all assets linked to the case.

Saifuddin said Ng was allowed to attend trial in the United States, where he had been convicted but had not yet started serving his jail term.

Last Thursday, Chief US district judge Margo Brodie in Brooklyn had ordered Ng’s surrender to the US Marshals Service by Friday so that he could be turned over to Malaysian law enforcement, who then transported him home.

Ng is facing 10 years in jail in the US after being convicted in New York of helping to loot billions of dollars from 1MDB and would be required to begin his prison term upon his return to that country.

On Sept 5, Singapore’s central bank had banned Ng, also known as Ng Chong Hwa, for life, saying that his “severe misconduct” made it “contrary to public interest to allow him to carry on business as a representative”.

Brodie sentenced Ng in March, 11 months after jurors found him guilty of helping former Goldman boss Tim Leissner embezzle money from 1MDB, launder the proceeds and bribe government officials to win business.

Ng was arrested in Malaysia in November 2018 and agreed to be extradited to the United States.


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Saturday 12 November 2022

Liberate the MALAY MIND



This is the strongest criticism yet, written by a Malay about the contemptible Malay power elites.

Apa Malu!

Malays-and-muslim-two-of-a-kind-corrupt-arrogant/

aloq staq awez khan ali Selamat Pagi Malaysia

The Malays are a broken people. Broken by our own leaders. Broken by the antics, greed, and hubris of Malay political leaders lost in a world where self-interest and nothing else, matters. It is a world where these political pariahs take every advantage of any opportunity to make themselves some money.

Whether these political pariahs are stealing money from Tabung Haji where Malays have saved their hard-earned cash in order to do their holy pilgrimage to Mecca, or getting commission and kickbacks in the purchase of Covid 19 vaccines which are critical to the saving of Malaysian lives – especially the most vulnerable Malaysians – the old and those in the front lines fighting the pandemic by putting their own lives in danger.

Whether it is playing Russian roulette with the lives of our Armed Forces by purchasing submarines and weapons not fit for purpose that could result in the death of our Armed forces or not providing them with Helicopters and weapons that they need to defend our nation and our people against any encroachments from without.

Our children’s education is disadvantaged by the hundreds of millions siphoned from the Ministry of Education budget. Money allocated to buy solar panels, laptop, text books and the construction of schools to anything else that our children would need for their education – the contracts to supply these items are grossly inflated to pay off politicians and even the ex PM’s wife, Rosmah Mansor.

They even take money from suppliers of food and drinks for our students. There is simply no limit to what these political pariahs will do to make money.

And as if the education of our children is not sacred enough for them to leave alone, the Islamic religion is also a source of funds for these political pariahs. They have no shame, they have no sense of fairness and certainly, there are without morals and ethics in their greed for anything they consider of value for themselves.

And the most despicable of things they do is for PAS to use Islam to benefit their political pariahs. And as if it is not enough that these political pariahs steal, their wives, children, and extended family are also into the thieving.

I spit upon these political pariahs.

These political pariahs are still today free to roam and plunder our nation at will. All of them Malays. Most of them are old. All of them must be discarded and punished for what they have done in plundering our national coffers. What they have plundered from our coffers must be taken back from them and put to good use to help our nation get back on its feet and prosper.

The narrative spun over and over again: that the Christians will destroy Islam, that the Chinese and DAP will take over the country, and that the Malays must have the political power to survive in their own Tanah Air is stale and are no longer relevant in the world the Malays live in today.

Let us get rid of these Malay political pariahs and banish them where they can no longer shame the Malays by what they do. 

We know who they are, and it is time that these political pariahs be held to account for what they have done to the Malays.

Whether they are Prime Ministers, Ministers, Menteri Besar, all those loathsome and despicable Yang Berhormats or those little Napoleons who think that being a Malay gives them license to behave in an obnoxious manner to other Malays, and anybody else that question their plundering of our nation’s resources.

Let us start by making sure the Father of all Plunderers, Najib Razak, is in incarcerated immediately, to be followed by his wife, Rosmah Mansor and anyone else who has been the cause of the fall and fall of the Malays.

Today I am ashamed to call myself a Malay. Being a Malay means you have to take responsibility for what these Malay Political Pariahs have done. 

Today being a Muslim in Malaysia is nothing to be proud of because all these plunderers, thieves, and scammers are Muslim. The non-Malays do not have to tell us these things.

There are many Malays today who can think, and we know what Malays have done to our country. You do not have to tell us how much the non-Malays have contributed to the development of Malaysia. We Malays know. You do not have to tell us that Malaysia is also your home. That too, we know. And we know that the Malays have been left behind by the others because it is all there for the Malays to see.

The best politicians are not Malays. The least corrupted politicians are not Malays. The most hard-working politicians who deliver on their promise to their electorates are not Malays. But this much we Malays know. The most corrupted politicians in Malaysia are Muslims. The most arrogant politicians are Muslims. And the politicians who do not deliver on their election promise are also Muslims.

So there you have it, this nation of ours has been brought to its knees by corruption and the political shenanigans and devious duplicity of these Malays and Muslims. And you and I know that it will also have to be the Malays and Muslims who will have to work to get these political pariahs into the dock, to be tried, convicted, and incarcerated if there is to be any hope for our nation to survive past 2020.

Enough said. 

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Apa Malu ! Apakah Orang Melayu Makin Sedar Siapa Musuh ...

 

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  WHO IS A “MELAYU” AS EXPLAINED BY A MELAYU: Melayu by a Melayu

 

Liberating Malay mind, unnecessary hoo-ha and nonsense!


Malays in need of a paradigm shift

 

 


Malaysia sacrifices talent to keep one race on top, said Lee Kuan Yew of Singapore

Malaysian talent lost due to racial bigotry

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While 60% of the country’s population are Malays, non-Malays find the narratives of race and religion outdated and reflecting poorly on political leadership

  Malaysians now looking for a new narrative of diversity and inclusiveness, not just Malay unity

No easy battle ahead for Pejuang

Thursday 1 September 2022

Malaysia Independence Day and Political Polarization: Race, Religion, and Reform

 




Malaysia's Political Polarization: Race, Religion, and Reform

https://carnegieendowment.org/2020/08/18/malaysia-s-political-polarization-race-religion-and-reform-pub-82436


Malaysia Independence Day, also known as National Day or ‘Hari Merdeka’ in Malay is observed on August 31 and commemorates the Malayan Declaration of Independence of 31 August 1957. It is defined in Article 160 of the Constitution of Malaysia as the official independence day when it gained its freedom from the British colonial administration. Usually, the celebrations start from the beginning of August with various programs and national competitions. Owing to the celebrations, the month of August is also known as the National Month.

HISTORY OF INDEPENDENCE DAY The efforts for the independence of Malaysia were headed by the first Malaysian prime minister, Tunku Abdul Rahman. He led a delegation of ministers and political leaders of Malaya to negotiate with the British for independence.

When the threat of a communist revolt, posed during the Malayan Emergency gradually became less, an agreement was reached on February 8, 1956, for Malaysia to gain independence from the British Empire. But due to some logistical and administrative reasons, their actual independence was declared in the following year on August 31, 1957.

On the night of August 30, 1957, crowds gathered at Merdeka Square in Kuala Lumpur to witness the handover of power from the British. At the stroke of midnight, the Union Jack in the square was lowered. The new Flag of Malaysia was raised as the national anthem Negaraku was played. This was followed by seven chants of “Merdeka” by the crowd. 

IINDEPENDENCE DAY TIMELINE

 1948 Malayan Emergency The British declare a state of emergency after the Communist Party of Malaya (CPM) attempts to overthrow the colonial government and establish a communist republic.

1956 Treaty of London The Treaty of London 1956 is signed to set up the independent Federation of Malaya. 

Independence from Britain The Federation of Malaya is granted independence from Britain after 50 years of colonial rule.

1963 Federation of Malaysia The Federation of Malaysia, comprising the states of the Federation of Malaya, North Borneo, Sarawak, and Singapore is officially declared. 


INDEPENDENCE DAY FAQS

 What is the difference between Merdeka Day and Malaysia Day? Malaysia Day is on September 16 and marks the formation of the Federation of Malaysia. Hari Merdeka is celebrated on 31 August as the original independence day of Malaysia.

Who brought Islam to Malaysia? Islam is thought to have been brought to Malaysia around the 12th century by Indian traders. In the early 15th century the Malacca Sultanate, commonly considered the first independent state in the peninsula, was founded.

What does ‘Merdeka’ mean? Merdeka is a word in the Indonesian and Malay language, meaning ‘independent’ or ‘free.’ 

HOW TO OBSERVE MALAYSIA INDEPENDENCE DAY

1.Take part in the annual Merdeka Parade

The national day parade is all about decorated cars, royal inspection, flag raising, recitation of the ‘Rukun Negara,’ and cultural and patriotic performances. You can experience the culture of Malaysia by watching the parade live or watch the Merdeka celebrations on TV. 

2. Organize your own activities

You can even organize an event or different activities to inspire the spirit of patriotism and love for the country. A national speech competition, a Merdeka poetry contest, or a photography competition are some ideas to help you get started! 

3. Decorate your homes

Decorate your home and vehicle with flags. Flags and decorations can be seen all over the country. There are even neighborhood decorating competitions, too. 

5 FUN FACTS ABOUT MALAYSIA’S NATIONAL ANTHEM


1.Malaysia had no national anthem At the time of independence, Malaysia did not have a national anthem. 

2. Worldwide competition to find an anthem Tunku Abdul Rahman decided to organize a worldwide competition to find a suitable national anthem for Malaysia and 512 entries were submitted.

3. It is originally the state anthem of Perak In the end, Rahman opted to use the Perak State anthem’s melody for the Malaysian national anthem.

4. It was rearranged The anthem was rearranged to give it a livelier rhythm, which was unpopular with the citizens — in 2003, the tempo was returned to what it was originally. 

5.It has two versions There exists a full version of the anthem as well as a shorter version.

WHY MALAYSIA INDEPENDENCE DAY IS IMPORTANT

A. It inspires the spirit of patriotism
 It is the day when Malaysia gained independence from the British Empire. This day, on the one hand, demonstrates the significance of freedom and, on the other hand, it unites the whole nation under one flag.

B. It acts as historical and cultural symbolism
 Any nation that possesses certain symbols feels pride in owning and celebrating them. The day bears historical and cultural importance and people celebrate it to demonstrate the significance of freedom.

C. It fosters love and responsibility for the country
 The day presents an opportunity to relearn the philosophy behind the formation of Malaysia and cultivate a sense of love and responsibility for the country.

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Wednesday 24 August 2022

NAJIB'S FINAL APPEALS - GROUNDS OF JUDGMENT, Attack On Judge Nazlan Backfires, Federal Court Destroys All Delay Tactic*

 

 Najib Razak - Sad Shocked

*Prisoner-in-Waiting Najib In Deep Shit – Attack On Judge Nazlan Backfires, Federal Court Destroys All Delay Tactic*

Checked out more:

Malaysia’s Judicial system will be a laughing stock if former Prime Minister Najib Razak is acquitted in his final appeal in the Federal Court for corruption

Therefore, it was an absolutely correct decision when the Federal Court threw away Najib’s request to introduce fresh evidence today. It was a delay tactic deployed by his multi-million-dollar top legal team to keep him out of prison – till after the 15th General Election. The strategy is to intimidate – even change the judges – once Najib’s corrupted political party wins the polls.
 
High Court Judge Nazlan Mohd Ghazali Nazlan
To make the false accusation more dramatic, Najib paid disgraced blogger-turn-fugitive Raja Petra Kamarudin to smear the reputation of Nazlan with claims that the judge was corrupted and had received RM1 million from 1MDB. Nazlan lodged a police report in April. Stunningly, Najib withdrew his bribery allegations in early August, just a week before today’s final appeal.

*Showing her disgust over the relentless attacks on the judiciary by corrupt politicians, Tengku Maimun Tuan Mat – the first woman Chief Justice – warned in April that baseless accusations against judges had gone overboard. Defending Judge Nazlan, Chief Justice Maimun made it clear that outside meddling would never be entertained under her leadership.*

*It was a warning very few took seriously, included the arrogant defence team of Najib.* Today (Aug 16), the country’s first woman chief justice flexed her muscle and showed the former premier that she refused to be bullied and intimidated. She used Najib’s appeal as an example to demonstrate how cases are decided based on evidence – not half-baked hearsay – in court
 
Tengku Maimun Tuan Mat – First Woman Chief JusticeChief Justice Maimun
Leading a five-member bench, Chief Justice Maimun said Najib had failed to show the relevance of the dubious new evidence against his corruption charges. She said – “It is not as if Justice Nazlan’s previous role (as Maybank general counsel) was a secret that his subsequent involvement came as a surprise”. *It was a slap in the face of both Najib and the entire defence team.*

*_It was both flabbergasting and hilarious to see Najib’s new defence team led by Hisyam Teh Poh Teik stoop so low in scrapping the bottom of the barrel, bulldozing Nazlan’s non-relevance career in Maybank just to get a retrial for the crook. Chief Justice Maimun lectured the defence that the application to adduce additional evidence did not fulfil the requirements of the law_*

Tengku Maimun said *“there is no miscarriage of justice”*. To rub salt into Najib’s wound, the decision by the Federal Court, the highest court and the final appellate court in the country, is unanimous

Even if Nazlan has shown elements of bias or conflict, which he did not, would not the three-member Court of Appeal have acquitted Najib on December 8, 2021? Instead, not only *the Court of Appeal upheld Najib Razak’s conviction, delivering a stunning blow to the crook’s plan for a political comeback, the court has also called the 1MDB scandal a “national embarrassment"*
 
Court of Appeal - Judge Abdul Karim, Has Zanah, Vazeer Alam
The most ridiculous lie – Arab donation – was rubbished by the Court of Appeal altogether. Judge Abdul Karim said the donation from the King of Saudi Arabia was “a concoction” due to the defence’s failure to provide evidence to confirm that the RM42 million was indeed originated from the Saudi royal family. Because the authenticity of Arab letters cannot be established, the donation remained hearsay and inadmissible.

The U.S. DOJ investigation results say that over US$4.5 billion was misappropriated from the 1MDB fund, with some of the money used to finance Hollywood films, and buy hotels, private jet, luxury Equanimity superyacht, Picasso paintings, jewellery and real estate. Najib has claimed RM2.6 billion found in his private bank was “donation” from Saudi Arabia royal family, a claim that could not be proven

Last year, *Najib’s lawyers insulted the Court of Appeal’s intelligence with donation tales, which all the three judges laughed off as hearsay.* Today, *_Najib’s new lawyers tried again to insult the intelligence of five judges of the Federal Court with yet another round of hearsay that High Court Judge Nazlan was corrupted._* When that failed, the defence asked for a three to four month postponement.
 
Malaysia Palace of Justice
Najib’s new defence attorneys, included the legendary Zaid Ibrahim, thought the Kangaroo Court would buy the cheap excuse that they were not prepared. Unfortunately for Najib, after having observed how the notorious former PM wasted four years of court resources with unnecessary delays, Chief Justice Maimun rejected the request to postpone the hearing.
 
Mocking Najib’s decision to change counsel at the last minute, Maimun said the ex-premier was well aware of the hearing dates – “It is the appellant’s right to discharge his former solicitors and appoint new ones. This is his right to do so, but he cannot, after having made that decision, turn around and say that his new lawyers are not ready to proceed with the hearing of the appeals”.

Disgraced Najib thought he was too cunning for the Federal Court to handle, only to be played like a fiddle by the cleverer Chief Justice Maimun. As a consolation, she gave one day for the defence team to prepare, ordering the appeal hearing to begin on Thursday (Aug 18). She pointed that the dates have been fixed as far back as April, some four months ago.
 
1MDB - Jho Low and Najib Razak
Lecturing Zaid Ibrahim Suflan TH Liew & Partners, who in turn appointed Hisyam Teh Poh Teik as lead counsel, Tengku Maimun eliberately invoked Rule 6(a) of the Legal Profession (Practice and Etiquette) Rules 1978 which stipulated that an advocate and solicitor must not accept a brief he is reasonably certain of not being able to appear and represent the client on the required day.

With tail between legs, Mr Najib cried, whined and bitched at the court lobby that he was “shocked and bitterly disappointed” with the Federal Court’s decisions. Other judges on the bench are Chief Judge of Sabah and Sarawak Justice Abang Iskandar and Federal Court judges – Nallini Pathmanathan, Mary Lim Thiam Suan and Mohamad Zabidin Mohd Diah

For almost four years, the defence has used various creative and innovative excuses to delay the trials, ranging from lead counsel Shafee’s dubious claim of being bitten by his pet dog to Najib’s swollen eyes due to allergic reaction. Najib, who served as the 6th Prime Minister of Malaysia (2009 to 2018), should have seen what’s coming months ago.
 
*_With Tengku Maimun in charge, it appears Prisoner-in-Waiting Najib Razak is almost game over._*
 
 Najib Razak in Prison - JailNajib Razak in Prison - Jail
 

In April, Goldman Sach’s banker Roger Ng was found guilty by a New York jury, leaving him to face up to 30 years in prison. The U.S. court, which took only eight weeks to deliver the verdict, has certainly piled pressure on the Malaysian judicial system, which needed almost 2 years to convict Najib in the trial of SRC International (a subsidiary of 1MDB).

 

Worse, the trial of Roger Ng has directly implicated Najib Razak, his stepson Riza Aziz and partner-in-crime Jho Low. In the trial, the FBI (Federal Bureau of Investigation) has testified in the U.S. court that not only Jho Low had stolen US$1.42 billion (RM6 billion), Najib Razak similarly stole US$756 million (RM3.2 billion) while his stepson, Riza Aziz, pocketed US$238 million (RM1 billion).

1MDB Scandal - How Najib Becomes A Billionaire and Fund His Wife’s Diamonds

The U.S. Jurors were also shown how 1MDB money was stolen to fund a US$23 million pink diamond necklace for Najib’s wife, Rosmah Mansor. On July 21, the High Court rejected an application by Queen’s Counsel Jonathan Laidlaw to represent Najib in the final appeal, arguing that there are sufficient local attorneys who are more than capable of handling the former PM’s case.

 

It didn’t help that former Attorney General Apandi Ali, who was appointed by Najib to clear him of all wrongdoings, has admitted on July 16 that he was involved in brokering a deal between fugitive Jho Low and the Malaysian government as early as May this year. Exactly how could the Federal Court free Najib with overwhelming evidence stacked against him?

 

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Tuesday 23 August 2022

Malaysia’s top court upholds ex-PM Najib Razak’s conviction and 12-year jail sentence in graft case

 

Former Malaysian Prime Minister Najib Razak, center, speaks to supporters outside at Court of Appeal in Putrajaya, Malaysia Tuesday, Aug. 23, 2022. Photo: VC

Najib sent to Kajang Prison to serve his 12-year jail term

 

 Former prime minister Datuk Seri Najib Razak has begun to serve his 12-year jail term at the Kajang Prison in Selangor after losing his final appeal in the Federal Court in his graft case involving RM42mil from SRC International Sdn Bhd’s funds. Read more at https://bit.ly/3KlGCte

Scramble ensues at Sungai Buloh as Najib being sent to ...



Malaysia’s ex-PM Najib loses final appeal

Top court upholds former leader’s 12-year jail sentence in 1MDB scandal

 

Malaysia's highest court on Tuesday upheld former prime minister Najib Razak's 12-year jail sentence for corruption in the 1MDB financial scandal, a decision analysts said could slam the door to a political comeback.

Chief Justice Maimun Tuan Mat also issued a warrant of committal, which a lawyer said means Najib is going immediately to jail.

The 69-year-old former prime minister looked somber and dejected, surrounded by his wife Rosmah and two children as the verdict was read.

"We find the appeal devoid of any merits. We find the conviction and sentence to be safe," Maimun said on behalf of a five-judge panel of the Federal Court.

"It is our unanimous view that the evidence led during the trial points overwhelmingly to guilt on all seven charges."

Maimun said that "it would have been a travesty of justice of the highest order if any reasonable tribunal, faced with such evidence staring it in the face, were to find that the appellant is not guilty of the seven ­charges preferred against him."

Sankara Nair, a lawyer who is not involved in the case, told AFP that "with the court issuing a warrant of committal, Najib will be sent to prison immediately."

The Federal Court decision was handed down after the tribunal threw out a last-minute move by Najib's lawyers to recuse the chief justice from hearing the case, alleging bias on her part.

The final ruling on the jail sentence also came four years after his long-ruling party's shock election defeat in 2018, during which allegations he and his friends embezzled billions of dollars from state fund 1MDB were key campaign issues.

A lower court in July 2020 found Najib guilty of abuse of power, money laundering and criminal breach of trust over the transfer of 42 million ringgit ($10.1 million) from SRC International, a former unit of state fund 1MDB, to his personal bank account.

An appellate court in December 2021 denied his appeal, prompting him to go to the ­Federal Court for a final recourse.

Some analysts said the decision will likely derail any plans by Najib for a political comeback.

"If Najib is found guilty, he will be barred from standing in the next election. Obviously, his political career is gone," James Chin, a professor of Asian studies at the University of Tasmania, told AFP before the verdict was announced.

"Under Malaysian law, Najib cannot stand for this election and the next election," he said, referring to speculation that polls may be held in 2022.

Elections are not due until September 2023.

Najib and his ruling party were voted out in 2018 following allegations of their ­involvement in a multibillion dollar financial scandal at 1MDB.

He and his associates were accused of stealing billions of dollars from the country's investment vehicle and spending it on everything from high-end real estate to pricey art.

Despite the lower court sentence, Najib had not been sent to prison while the appeals process played out. 

 

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