Showing posts with label Najib. Show all posts

Friday 24 August 2018

1MDB scandalous Bombardier Global 500 Jet parking fees of RM3.5mil to be paid if govt wants it back

The Bombardier Global 5000 jet parked on the tarmac of Seletar airport in Singapore

PETALING JAYA: Malaysia will have to cough up at least RM3.5mil to bring the Global 5000 private jet that belongs to fugitive Low Taek Jho, better known as Jho Low, back to Malaysia.

The luxury private jet, which was impounded by the Singapore authorities since February last year, is currently parked at the Singapore Seletar airport.

“However, before the plane is allowed to be flown to Malaysia, Seletar airport has asked for settlement of the parking charges first,” said a source.

The source said the parking charges over the last 18 months have escalated to about RM3mil.

It is learnt that Seletar airport had indicated the fee to the Singapore authorities following Malaysia’s keen interest in taking possession of the plane.

Seletar airport is managed by Changi Airport Group Pte Ltd, a facility mainly used for private flights.

Changi Airport Group declined to comment on the parking charges.

“Due to client privacy, we will not be able to share the information,” its spokesman told The Star.

The source said the Malaysian government would have to pay the fee before the airport authority allows the plane to leave its tarmac.

It is understood that negotiations on the parking charges have been held between the Malaysia and Singapore authorities and the airport operator.

But to date, the source said, they have yet to reach a conclusion on the payment.

“The Malaysian government would also have to fork out another RM500,000 to service the aircraft, which has been grounded and left under the sun at the airport apron,” said the source.

The source said the aircraft that has been grounded since February last year is currently undergoing service maintenance work to ensure its airworthiness before it is allowed to be flown to Malaysia.

“The maintenance work on the airport craft is almost completed,” said the source.

The plane is likely to be taken to Subang Airport, a facility mainly used by private planes, said the source.

The Global 5000 jet was listed by the US Department of Justice (DoJ) as one of the assets bought using Malaysia’s state-owned 1MDB laundered money, through a series of shell companies and bank accounts.

In a court filing in June 2017, the US DoJ document stated Jho Low used part of the US$700mil (RM2.3bil in 2009) diverted from the 1MDB to acquire the luxury jet.

The Bombardier Global 5000 built in 2008 costs about US$35.4mil (RM145mil). The aircraft was bought at the end of 2009, less than three months after the US$700mil was moved away from 1MDB.

The plane, registered in the US as N689WM/MSN 9265, is registered to a company called Wynton Aviation and placed as a trust with Wells Fargo Bank Northwest.

Wynton Aviation is a company that was registered in the British Virgin Isles in 2009. The DoJ stated that Wells Fargo’s records indicate that it is a holding company owned by Low.

It was learned that prior to the plane being seized, the jet was based at Teterboro Airport New Jersey, close to Jho Low’s New York home.

Airliners.net website showed the plane had flown to Paris, Geneva, Beijing and London among other countries between 2009 and 2017.

Prime Minister Tun Dr Mahathir Mohamad had on Aug 13 said Malaysia was keen to take possession of the aircraft.

Early in the month, Malaysia also took possession of the superyacht Equanimity from the Indonesian authorities.

The vessel, valued at US$250mil (RM1bil), was handed over to Malaysian authorities near Indonesia’s Batam island on Aug 6.

It has since been brought back to the Boustead Cruise Centre in Pulau Indah.

Equanimity, which according to DoJ belongs to Jho Low and purchased with funds diverted from 1MDB, was seized by the Indonesian authorities in Tanjung Benoa port, Bali, in February.

The yacht, which is 54th in luxury vessels of its class in the world, was seized at the request of US authorities as part of its initiative to recover the billions diverted from 1MDB.

Another source said due to the high maintenance of the superyacht and its crew, the Indonesian government had decided to turn over the vessel to Malaysia at the request of Dr Mahathir when he visited Jakarta in June.

Credit: Eddie Chua The Star

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Wednesday 4 July 2018

Najib arrested, charged and pleaded not guilty

https://youtu.be/CkmYbnVaO_s

Former premier Najib Abdul Razak was arrested at his residence in Jalan Duta, Kuala Lumpur, this afternoon, according to MACC chief commissioner Mohd Shukri Abdull.

The arrest was carried out in relation to the commission's investigation into the SRC International issue.

Speculation is also rife that the former premier could be charged tomorrow.

Shukri Abdul told the media that the arrest took place at 3pm and the former premier has been taken to the commission's headquarters in Putrajaya for further questioning.

Previously, MACC had recorded Najib's statement twice with regard to the SRC International issue.

Last Friday, Malaysiakini had reported that there is a strong likelihood the former premier would be arrested this week.

[More to follow]

LIVE: Najib arrives in court

https://youtu.be/IFZhcT6t1Pw

Saturday 3 February 2018

Malaysia to end cronyism?

https://youtu.be/vmqElJnDURI

https://youtu.be/FIuh_cOpcKU

https://youtu.be/zT4LGh2DO2o

KUALA LUMPUR: The Government has vowed to end “crony capitalists” whose wealth came at the cost of ordinary Malaysians, said Datuk Seri Najib Tun Razak.

The Prime Minister said lessons had been learnt from past mistakes in planning Malaysia’s economic transformation, after confronting many “legacy issues” along the way.

“Some of the country’s development under a former leader came with an unnecessary price tag, in the form of a class of crony capitalists,” he said in his keynote address at Invest Malaysia 2018 yesterday.

Citing public transport as an example, Najib said massive overhauls had to be done to rectify the issue.

“For decades, public transport was neglected. It was incoherent, with different owners, different systems and certainly no integration

“One man’s obsession with the idea of a national car – which is now being turned around under international joint ownership – led to Malaysia lacking an efficient public transport system.

“This was a serious obstacle to achieve high-income status and for Kuala Lumpur to be a world-class capital,” he said.

Although no name was mentioned throughout his speech, it was an apparent dig at former premier Tun Dr Mahathir Mohamad.

Najib also said that during this time, the Government had signed independent power producer concessions that were lopsided.

“Consumers had to pay far more for energy than they should have, even for energy they were not using.

“This was a real burden to the people, so we renegotiated these concessions – and determined that in the future, we would not allow private companies to earn excessively at the expense of ordinary Malaysians,” he said.

Najib also pointed out that the ringgit had been pegged against the US dollar for “far too long”.

“Investors and global markets lost confidence in us, and it took a long time to win that back. That was a very heavy cost to the country,” he said, stressing that the Government would never repeat that measure.

He also spoke on the challenges at state-owned institutions, such as 1Malaysia Development Bhd (1MDB), which were amplified and used as a tool to suggest that Malaysia’s economy was collapsing.

“I’m not going to brush over this issue. There were indeed failings at the company, there were lapses of governance. There was a valid cause for concern.

“This is why I ordered one of the most comprehensive and detailed investigations in Malaysia’s corporate history, one that involved multiple lawful authorities, including a bipartisan parliamentary body.

“Their findings were taken on board and the company’s board was dissolved, its management team changed and its operations reviewed,” he said.

On another note, Najib rubbished claims that Malaysia was welcoming foreign direct investments (FDIs) by selling out the nation’s sovereignty.

“My Government will never sacrifice an inch of our sovereignty,” he said, adding that while RM63bil in FDI stock came from China and Hong Kong, there was more from Japan at RM70bil.

“You don’t hear anyone warning that we are selling our country to the Japanese.

“Of course not. They are most welcome here. So are investors from Africa, the Americas, China, the European Union, India, Saudi Arabia and around the world,” he said.

Malaysia continues to improve in three key areas

Moving forward: Najib attending the Invest Malaysia 2018 launch together with (from left) Bursa Malaysia Bhd CEO Datuk Seri Tajuddin Atan, Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah, Chief Secretary Tan Sri Dr Ali Hamsa, Finance Minister II Datuk Seri Johari Abdul Ghani, Bursa Malaysia chairman Tan Sri Amirsham Abdul Aziz and Malayan Banking Bhd chairman Datuk Mohaiyani Shamsudin in Kuala Lumpur.

KUALA LUMPUR: Malaysia will continue to develop three key areas – transparency, accountability and efficiency – to attract more investments, said Datuk Seri Najib Tun Razak.

The Prime Minister observed that the country’s excellent economic and financial fundamentals had greatly benefitted local and foreign investors, providing them with stability, strength and certainty.

“We will continue to make our country even more business- and market-friendly, which means we are always working to improve transparency, accountability and efficiency.

“The Securities Commission, Bursa Malaysia, Bank Negara Malaysia and the Finance Ministry have continuously introduced and supported measures to increase the dynamism of our capital market.

“Towards this objective, I can assure you that we can expect further measures in the near future,” he said in his keynote address at Invest Malaysia 2018 here yesterday.

The two-day annual event is jointly organised by Bursa Malaysia Bhd and Maybank. A total of 61 local companies, with a combined market capitalisation of RM767.6bil were featured in the event.

The Prime Minister also cited figures that justified the confidence in Malaysia shown by investors and global institutions.

“Our total trade grew strongly by 20.8% between January and November last year, while in November alone, gross exports reached double-digit growth of 14.4%, with the highest receipts ever recorded, at RM83.5bil.

“Last year, foreign net fund inflow recorded a positive RM10.8bil, the highest since 2012, while corporate bond and new sukuk issuance reached RM111.2bil for 11 months of the year, close to 30% higher than the whole of 2016,” he said.

Najib also observed that Malaysia has enjoyed years of strong growth, with figures that most developed economies “could only dream of”, even during times of economic uncertainty.

“In fact, last year Malaysia exceeded all expectations, with the World Bank having to revise its estimate for our growth upwards not once, not twice, but three times – to 5.8%,” he said.

Najib added the World Economic Global Competitiveness index for 2017 and 2018 rate Malaysia very highly out of 137 countries.

The country is ranked third for Strength of Investor Protection, fifth for Pay and Productivity, fifth for the low Burden of Government Regulation and 14th for the Quality of Education System.

“The International Monetary Fund has also praised our sound macroeconomic policy responses in the face of significant headwinds and risks.

“The World Bank also recently confirmed that it believes Malaysia is on track, and that we are expected to achieve high-income status in the next few years,” he said.

Source: The Staronline

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Friday 8 June 2012

Malaysian 13th General Election Pow-wow, Register as voters now!

On the edge of our seats

The whole country is getting fidgety as Malaysians await the 13th general election.

IT’S an extended silly season. Everyone is ultra sensitive and every event or statement is examined with a fine toothcomb for any underlying political message.

Hardly a day goes by that a politician does not let fly a missile at one opponent or another. From cows, condos to sex tapes, no one and nothing is spared.

One would have thought that after months of this, politicians would have run out of ammunition, and from the quality of the rockets being shot out, they are close to scraping the bottom of the barrel.

Everyone is so tense that even the recent reduction in RON 97 by 10 sen is seen as an indication that the polls is near.

By my vast experience of having covered the past five general elections, the polls should have already been here, gone and dusted. But this time round, Prime Minister Datuk Seri Najib Tun Razak seems intent on dragging out the silly season for as long as he can.

His opponents have joined him by declaring that Selangor and Penang would not hold their polls together with the national elections. Selangor MB Tan Sri Khalid Ibrahim had declared that his government would definitely not follow if it is held this month.

A June general election does not seem likely now (for some unexplainable reasons, the country has never held a general election in the month of June). So does this mean that Selangor will now follow suit if it is held next month?

No way, says Khalid’s boss Datuk Seri Anwar Ibrahim who wants Selangor to go the full distance (sometime in April next year). The games of the silly season continue.

One senior Barisan Nasional official enquired with a party worker recently how things were going and was shocked at the reply he got.

“Boss, we are all very tired. We have been on war footing since October and we do not know how much more we can take,” said the party worker.

Some of the candidates-designate from both sides, who have been campaigning quietly since January, are quietly complaining that they are running out of funds and at the same time cannot do anything about raising money from supporters.

“What am I to tell my supporters? No party will announce its candidates so early for fear they may be bought over or of sabotage,” said one aspiring candidate.

This is why some Umno stalwarts are calling on the leadership to start naming the potential candidates so that they can “be properly introduced” to the branches and avoid any sabotage.

This, I suspect, will also allow these people to make use of the official party machinery which means it will be less taxing on his or her personal resources which can then be reserved for the actual polling and campaign period.

This 13th GE will be a watershed election for Malaysia and every seat will see tough fights. “The mother of all battles” was how one senior journalist described the coming polls.

Unfortunately, like all things that are anticipated with such great expectations, I fear it will fall short of everyone’s outlook. GE 13 can’t help but disappoint because we are expecting so much from it.

Prior to last week, when it became obvious that the polls would not be in June or July, everyone seemed resigned to the election being held in September.

But then came Najib’s announcement that Budget 2013 would be tabled on Sept 28.

One could almost hear the groans of frustration going up all over the place. The so-called experts are now even suggesting November or January as the new dates.

One Cabinet Minister even pointed out that Tun Dr Mahathir Mohamad held the 10th general elections in exactly the same manner.

Dr Mahathir tabled the budget in October 1999, allowed the Lower House to debate the budget, but before it would be passed, he went to see the King and had Parliament dissolved. He took his Budget as his manifesto for the polls.

This senior Cabinet member said outright that Najib would do exactly the same because it proved to be a masterstroke by Dr Mahathir to defeat his foes then.

This conversation with the minister took place a month ago, long before Najib announced his Budget date.

So does this mean that the polls will be in October?

If statistics are anything to go by, it is unlikely to be held then because only the 1990 GE was held in the month of October (Oct 21 to be exact).

The following are the exact dates of the past 12 elections.
1st GE - Aug 19, 1959;
2nd GE - April 25, 1964;
3rd GE - May 10, 1969
4th GE - Aug 24 and Sept 14 1974;
5th GE - July 8, 1978;
6th GE - April 22, 1982;
7th GE - Aug 3, 1986;
8th GE - Oct 21, 1990;
9th GE - April 25, 1995;
10th GE - Nov 29, 1999;
11th GE - March 21, 2004; and
12th GE - March 8, 2008

Hopefully, someone out there can find a pattern from this list of dates and then correctly predict the polling date that Najib is holding so close to his chest and does not look likely to reveal any time soon.

Those claiming to know the man’s plans said we should examine Najib’s speech during last year’s Malaysia Day on Sept 16.

“He made many promises there. Once he has fulfilled all those promises, I am sure he will call for the elections,” said one of them.

The polls cannot come fast enough for most of us because we want to get back to some real work.

WHY NOT?
By WONG SAI WAN

> Executive editor Wong Sai Wan has been on election footing since 2010 and will be glad when it comes.

EC: Register now and you can vote in September

KOTA KINABALU: Malaysians who are eligible to vote should register this month to qualify to vote in the general election if it is held in September.

“If they register in the second quarter of this year, they will be able to vote if the election is held after August,” Election Commission deputy chairman Datuk Wan Ahmad Wan Omar said yesterday after briefing 30 officials from 15 political parties in Sabah about electoral regulations.

There are about a quarter million Sabahans above the age of 21 who have yet to register while about 3.6 million eligible voters nationwide have not registered.

Wan Ahmad said there were 946,638 registered voters in Sabah and 258,943 eligible voters have yet to register.

“I hope they will register now,” he said, adding that if everyone registered, Sabah would cross the one million mark and could reach 1,205,581 registered voters by September.

He also said there were very few people, who had come forward to clarify the position of some 13,000 dubious voters when they exhibited the names for three months.

“We believe many of these people are dead and their families did not report the deaths to the National Registration Department. We can't remove their names, so it remains in the rolls until their next-of-kin have not come forward to clarify it.

“That's why sometimes you get cases of someone with an age of 120 who is still in the roll.

“We cannot remove it as we are not empowered by law to delete such names,” he added.

Wan Ahmad also said they would be setting up 31 mobile election enforcement teams to check on offenders for Sabah and Labuan's 26 parliamentary constituencies.

He said there would be two teams each in Kota Kinabalu and Sandakan while each constituency would have a team, comprising an election officer, a police inspector, a local authority official and representatives of contesting parties.

By MUGUNTAN VANAR vmugu@thestar.com.my

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