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"