Fighting fit to take on 1MDB

Google filepix of a now fighting fit pahlawang

Najib fighting fit, downsizing from XXL to XL
By Jonathan Chia

KUCHING: Prime Minister Datuk Seri NajibTunRazak wants his critics to know that he is “fighting fit” and ready to take on anyone.

Speaking at the launching of GREAT 2016, Najib said: “I changed and saw two shirts hanging with the sizes of XL and XXL.

I’m proud to say I chose XL and I could wear it.The message is clear, I’m fighting fit and I will take on anyone,” he said. However, he did not elaborate his battle further. - BorneoPost

"However, he did not elaborate his battle further" ! 

How could he elaborate when no one is actually interested in fighting the 'fighting fit' Prime Minister. He might just roar (like in the pic above) and scare his enemies away.  

All able minded Malaysians are asking for is for you, Mohd Najib bin Tun Abdul Razak, to come clean on the billions of ringgit in donations which you seem to have received in your personal bank account. The whole world is talking about it. 

Are you involved in any international money laundering syndicate? 

The last few days saw you and your flamboyant wife's pictures splashed in the pages of a few foreign and international newspapers. None of them called for a street fight. Save the thug-like 'I will take on anyone' salvo for another day. People are just wondering where you got so much money to splash.

With love from Indonesia

Turkish delight

Dear 'fighting fit' Najib, a big majority of those who were elated when you took over from Abdullah Ahmad Badawi are now eager to hold you accountable for your actions. You took over about a year after the 2008 elections without toppling the democratically elected Barisan Nasional government, you remember that Najib? We are just demanding for something similar now.

No Malaysian in the right frame of mind would want to pick a fight with a desperate politician who happens to be a 'fighting fit' Prime Minister, Finance Minister and probably the only man vested with soo much power and authority in the country today. If not for Appandi the Attorney General I would proclaim you as the most powerful man. 

People are not crazy, we are just asking for explanations. 

Malaysians are not numb. We may be different in many ways but we are not numb and stupid to be hoodwinked by pirates and pretenders. We just expect our elected representatives to not steal, plunder and tell lies on a daily basis. Is that too much to ask for?

Dear Mr 'fighting fit' Najib Razak, you owe Malaysia and Malaysians a long list of explanation beginning from the billions of ringgit in your personal bank accounts to the dubious wheeling and dealings in and around 1Malaysia Development Berhad - 1MDB, your baby.

Interferences into the various investigations plus the removal/transfers of Government servants involved in the probe of your suspected criminal acts didn't go unnoticed. Don't think Malaysians are ignorant. The ignorant are all in your cabinet.

People are watching your antics. It looks like even those around you have become increasingly concerned about their possible fate in the not too distant future. Maybe that answers the question why some have begun trading for 'immunity', actively.

Even Arul Kanda Kandasamy appears to be signing out with his recent 'My job is done' motherhood statement.

Dear Najib, I sincerely hope that you're fighting fit to take on 1MDB because that is your fight for survival. Don't waste time punching in the dark when the enemy is within you. You created it. Your enemy is 1MDB. 

Good luck. Tender your resignation soonest possible and save us all the trouble.

Don't sabotage Adenan Satem

Just thought of advising you to stay out of Sarawak until the state election is over. Please don't go there and ruin all those goodwill and support which the new Chief Minister has regained since taking over from Tun Abdul Taib Mahmud (without toppling the democratically elected government that is). 

The Sarawakians are very polite, humble and nice people. No matter who they are, they are generally nice. Adenan won't possibly tell you not to come to Sarawak but you should know better (if you don't, try taking a quick peek at all those flowery comments in Facebook after your latest walkabout in a shopping mall in Kuching). 

Why sabotage Adenan and Sarawak BN ? Don't take advantage of Adenan Satem's hospitality and be a thorn on his side. Stay out for the greater good of BN. Stay out and fight your own battle like a man.

A vote for Adenan cannot be a vote for you. You are not Adenan Satem!

p/s 

Sarawak BN lynchpin Parti Pesaka Bumiputera Bersatu (PBB) and Parti Rakyat Sarawak (PRS) would most likely emerge as the saviours of the 13-party coalition when the others lay grasping for their last breath. If no remedial steps are taken we could witness this scenario after the next general elections.

Don't sabotage your saviours.     

Double whammy for Najib Razak and 1MDB

Corruption, money laundering and misconduct in public office 

While World anti-corruption body Transparency International's chairman Jose Ugaz minced no words at the 16th International Anti-Corruption Conference in Putrajaya against Malaysian Prime Minister Najib Razak's antics following the discovery of the yet-to-be explained USD700 million in his personal bank account, the SWISS Attorney General have frozen bank accounts with "Tens of Millions of USD" linked to 1MDB. 

"The Office of the Attorney General has frozen the money held in Swiss bank accounts linked to the 1Malaysia Development Berhad, or 1MDB, on suspicions of corruption and money laundering, a spokesman said. He declined to give an exact figure for the amounts involved, but said it amounted to several tens of millions of dollars.

On Aug. 14, the OAG launched criminal proceeding against two executives of the fund as well as against other persons unknown for suspected corruption of foreign officials, misconduct in a public office and suspected money laundering." - The Wall Street Journal

We shall wait for further details as to who is/are the owner/s of those frozen accounts in the now freezing Switzerland. 

In the meantime it was reliably learned that the relevant authorities in Singapore, a banking haven closer to home, would also be taking baby steps forward in their probe into two bank accounts which were frozen by the Monetary Authority of Singapore in recent months. 

Singapore is fully aware now that the island republic's reputation as a regional financial hub is at stake since the 1MDB-linked scandal involves money laundering and high level corruption. The Swiss have moved swiftly while the Singaporeans have been dragging their feet. 

Some say the dragging was due to 'political considerations' but I think a more appropriate term could be due to the possibility of 'political blackmail'. Whatever it is it appears now that the room for political manoeuvres has shrunk tremendously in the last two weeks. 

A highly placed source confirmed that Singapore has no choice now but to proceed with the criminal case since the Swiss and most likely their Hong Kong counterparts are expected to wrap up their money laundering and corruption probe of an 'international racket' linked to 1MDB and Prime Minister Datuk Seri Najib Razak.

Stay tuned. 

P.S. I think the Prime Minister should be barred from leaving Malaysia... for his own good and to save this nation from further humiliation. Imagine if Najib is arrested in another country for some 1MDB related crime. 

1MDB - Arul Kanda is back to back Najib

CEO returns for a strategic dinner... and PAC later.

BIG bullshit. No?

BIG bullshit repeated in Parliament by Finance Minister. No?

Bullshit after bullshit. No?

Nur Jazlan: PAC arranging meetings with Arul Kanda, Shahrol

27 MAY 2015 

KUALA LUMPUR: – The Public Accounts Committee (PAC) will arrange meetings with 1Malaysia Development Berhad (1MDB) chief executive officer (CEO) Arul Kanda Kandasamy and former CEO Datuk Shahrol Halmi as soon as possible following their failure to turn up for their scheduled meetings with the PAC yesterday, said PAC chairman Datuk Nur Jazlan Mohamed. 

He said PAC would not delay further in calling them up after confusion arose pertaining to the letter sent to Ministry of Finance (MoF) by the PAC on May 6 for them to testify before the committee. 

“Don’t worry, they will come (to give their statements), they have already made public that they will come. “We also do not want to delay this procedure, we will be calling them up as soon as possible, there is no more delay, the confusion that arose between the MoF and the two witnesses (in regards to the letter) caused some slight problems to us,” he told reporters after holding a meeting with representatives of the Federal Land Consolidation and Rehabilitation Authority at Parliament House today. 

Elaborating further, Nur Jazlan said PAC had sent a letter to MoF on May 6 to get Arul Kanda and Shahrol to give their statements yesterday (May 26) in regards to the PAC’s probe into the company’s dealings. -- BERNAMA

I'm quite sure Datuk Nur Jazlan and his team of MPs in the PAC would have the opportunity to grill Arul Kanda Kandasamy sooner than expected. 

It is understood that the responsible CEO of 1MDB has rushed back to Malaysia from his overseas business engagement to face the PAC in the next few days, or latest by next week. 

It is unclear when Arul Kanda actually landed back in Kuala Lumpur after his unavoidable work commitments overseas but the newly minted CEO did take part in an equally important 'strategic dinner' with prominent figures, some who will go down in history for varying reasons. 

Just hoping that Arul Kanda had grabbed the opportunity to explain how the USD1.103 billion in hard cash could have transformed into assets and later units in a matter of just three months. 

Over and above that, Arul Kanda would have also taken the opportunity to make it clear to Tan Sri Shahrir Samad, Datuk Rahman Dahlan and Mr Paul Stadlen as to how 1MDB had misled MoF officials into believing that the 'units' in the private Swiss bank in Singapore were actually hard cash.

Arul Kanda must not forget that this cash-asset-units twister has now put the Malaysian Prime Minister at risk of being cited for misleading or telling a lie in Parliament. 

A police report has been lodged against Najib over this 'lie'. The police, I'm pretty sure, would be able to wrap up their investigations before the PAC wrap theirs. It's a simple straight forward case. 

If Attorney General Tan Sri Abdul Gani Patail is still in office and not replaced by a young but senior Umno lawyer by the time police conclude their investigations, Gani would have to then decide if there is enough evidence to charge the Prime Minister. (Please make sure the Parliament Hansard doesn't go missing. Tq)

If Malaysia is Italy, Najib would certainly be in Silvio Berlusconi's shoes by now for 'the MoF officers prepared written answer for the Finance Minister'.   

Coming back to last night's jovial Aloft in KL Sentral dinner, Arul Kanda must have also given some exclusive insights to the BNBBC chairman, the Minister and the British Advisor on the possible content of the Monetary Authority of Singapore (MAS)'s recent report to Bank Negara. 

Well the fact is that Arul Kanda is back,  just a day and not a month, after his original appointment with the PAC. The PAC could now continue with its interrupted business and set a date to listen to Arul Kanda. 

Malaysians, and some Singaporeans, are eager for his latest 'I can assure you' assurances. 

p/s Wonder if Shahrol would also cut short his one-month postponement and sit for a similar strategic dinner... so that everyone appears to be on the same page before they appear before the PAC. 

MAY13 - Noose tightens in Singapore for scandalous debt-fund 1MDB

Deutsche-led group in talks over US$975m 1MDB debt

By Anita Gabriel

 

May 13 (Business Times) -- Singapore

 

THE financial plight of the debt-laden 1Malaysia Development Bhd (1MDB) is set to deepen, as jittery lenders of a US$975 million syndicated loan led by Deutsche Bank plan to ask the troubled state-owned firm to pay up before the loan falls due in less than four months.

 

The Business Times understands that the offshore loan, led by Deutsche Bank Singapore and syndicated to five Gulf banks including Abu Dhabi Commercial Bank, is guaranteed by the Malaysian government.

 

But the creditor banks have turned panicky - some more than others - as the loan is secured with 1MDB's wholly owned Brazen Sky's US$1.103 billion, which the state-backed firm has said is being kept at Swiss private bank BSI Singapore here.

 

What seems troubling, sources say, is that the "securitisation document" for the loan has now been deemed "incomplete", as one of the covenants was not fulfilled. This essentially allows lenders to demand payment on the loan anytime before it becomes due at the end of August.

 

A source said: "What was earlier construed as a tightly collateralised loan is now making the banks nervous, given this controversy."

 

The worst-case scenario, say market watchers, is that if the lenders declare the loan to be in default, 1MDB could run headlong into a situation of a cross default on the rest of its debts of RM42 billion (S$15.5 billion). This has been a possibility long flagged by naysayers.

 

For now, the affected parties are believed to be locked in intense negotiations to avert such a crisis involving the loan, which was used by 1MDB to pay Abu Dhabi's International Petroleum Investment Company (IPIC) to terminate an option to subscribe for the future listing of 1MDB's power asset, Edra Energy.

 

Edra's stock offering has since been delayed, and there is no certainty it will take off as planned.

 

In a recent report, whistleblower site Sarawak Report alleged that BSI Singapore had informed the Singapore authorities that the documents related to 1MDB's account in BSI were in fact "false bank statements" and "did not represent a true account of the assets of the 1MDB subsidiary". In short, Sarawak Report alleged that there was "no actual cash" in the account, citing "insider information gained in Singapore".

 

On its part, 1MDB has said that it would not comment on speculation and market rumour.

 

Contacted for comments on the matter, a spokesman for Deutsche Bank Singapore said that the bank was "unable to assist".

 

The unfolding of the 1MDB saga highlights the widening reach of the controversy, which has extended to several banks in Singapore, such as BSI, RBS Coutts and now, Deutsche Bank.

 

The Monetary Authority of Singapore (MAS) has said that it was providing assistance, within the full ambit of its laws, to Malaysian regulators that are probing 1MDB's accounts and business practices.

 

Industry sources say that some of the banks here, BSI Singapore being one of them, have hired legal representatives in the event the situation turns serious and potential claims are made against them.

 

A source said: "If things start to develop and no one is sure what the affected parties might do, the banks need to ensure legal representation is in place to defend their position. It's a normal prudent move on their part."

 

One of BSI Singapore's officers who may have been involved in 1MDB's dealings with the bank has been on "gardening leave", and is believed to have hired lawyers, in case the need arises.

 

A lawyer said: "MAS is a prudent and diligent regulator and has a lot of power to obtain information from banks very quickly. The question is whether this saga involving banks in Singapore is about lapses in best practices or breaches that are under the jurisdiction of other regulatory bodies such as the CAD (Commercial Affairs Department) and the police."
- Business Times Singapore

I believe the above report is self explanatory.

I hope the Malaysian Prime Minister Najib Razak, who is also Finance Minister and Chairman of 1MDB's board of advisors comes up with some believable tales to explain this humiliating piece of news from our southern neighbours.

Najib may also want to tell us the rakyat if the above 'subject' was also part of his recent talks with the still much respected Prime Minister of Singapore.

My simple advice to the Prime Minister before he reads out another consultant/advisor prepared text is... please refer to my previous posting - Yes Prime Minister.

TQ Mr Prime Minister.

p/s Does anybody know the whereabouts of 1MDB's recently minted head-boy Mr Arul Kanda Kandasamy?