1 MDB malady

Whatever happened to the 1MDB issue in the final analysis is just a malady .
1. For the opposition parties the 1MDB issue was drummed up into a big scandal to provide a seemingly massive excuse to topple Najib from his reins of power.
( Acessed on 4/9/16 at http://www.nst.com.my/news/2016/04/138025/1mdb-truth-revealed-now-time-move-salleh )

2. From various reports in news portal and social media websites  it would appear that the issue will cool down over time and Najib's administration can continue on with 'developing the economy' without being dragged down by drummed up issues.

3. The 1MBD issue is a good case of corporate management.  I need to write about this in future post.  Thus for today's labelling - 'Management issues'.

4. The 1MDB isuue ( this point will need further expansion/additions)
#  From Bloomberg business:  Beginning in March, as public pressure grew, the country’s auditor general, the parliament’s public accounts committee, the central bank, and the police have all homed in on 1MDB. The force of the scandal helped topple the ringgit, the worst-performing currency in Asia as of July 16, down 8.1 percent against the dollar since the start of the year. Foreign reserves plunged 20 percent in June from a year earlier. (acessed on 9/4/16 at http://www.malaysia-today.net/the-scandal-that-ate-malaysia/ )

# From Wall Street Journal : On July 3, the Wall Street Journal, citing documents from government probes, reported that investigators believe almost $700 million in cash moved through state agencies, banks, and companies linked to 1MDB before eventually finding its way into Najib’s personal accounts. The money reportedly included two transactions—one worth $620 million; another, $61 million—made in March 2013, two months before a general election returned Najib to power as part of the Barisan Nasional, or National Front, coalition.

In a country with no public campaign financing and few strictures on political donations, the alleged cash flows caused alarm. Before the 2013 election, on March 12, 1MDB Chairman Lodin Wok Kamaruddin and Khadem Al Qubaisi, then chairman of Abu Dhabi’s Aabar Investments, signed an agreement to form a joint venture. The following month, 1MDB announced it had raised $3 billion for its share of the partnership. “1MDB opted for a private placement to ensure the timely completion of this economic initiative,” the company said in a statement on April 15 of that year.

The timing was controversial. “1MDB may have been created with one of the key objectives being to raise a slush fund to finance Barisan Nasional’s election campaigns,” says MP Tony Pua, of the opposition Democratic Action Party. A statement from the prime minister’s office dismissed the allegations in the Wall Street Journal, saying they amounted to “political sabotage” at the hands of “certain individuals to undermine confidence in our economy, tarnish the government, and remove a democratically elected prime minister.” In a statement, 1MDB said it “has never provided any funds to the prime minister.”

# From the Edge Financial Daily : The Edge Financial Daily had published today another expose on 1MDB, this time detailing Penang-born tycoon Low Taek Jho’s alleged role in the multibillion ringgit controversy.

The business paper currently under investigation for its previous articles on the scandal claimed that the US$1.83 billion (S$2.51 billion) that state-owned 1MDB had invested in Middle Eastern oil company PetroSaudi International (PSI) between 2009 and 2011 was a scheme to defraud Malaysia that involved Low.

The Edge Financial Daily, is published by The Edge Communications of The Edge Media Group that also publishes The Edge Malaysia weekly.

The paper has been issued a show-case letter by the Home Ministry on July 1 for publishing unverified news on debt-laden 1MDB. ( Accessed on 9/4/16 at http://www.malaysia-today.net/1mdb-hits-out-at-the-edge-for-recycled-unproven-claims/ )

5. Management maladies in 1MDB. (to be expanded )
# accountability issue - accounting of debts,

6. Interested parties in the 1MBD problems:
# Swiss government ..the AG of Swiss gov't opened case on 2 ex-1MDB officials purportedly misappropriating corporate funds (Acessed on 4/9/16 at http://www.nst.com.my/news/2016/02/125353/salleh-keruak-takes-swiss-task-over-1mdb-misinformation )

Tengku Razaleigh the royal disloyal politician

The man described:-
1.  Anthony Loke has insisted that Gua Musang MP Tengku Razaleigh Hamzah (Ku Li) had indeed circulated a statutory declaration (SD) against Prime Minister Najib Razak among Members of Parliament.

Speaking to reporters at the Parliament lobby today, DAP National Organising Secretary Anthony Loke said “a representative from Tengku Razaleigh’s camp” had circulated the SD between July and September last year.

The DAP lawmaker was also adamant that not only did the document exist, but all Opposition MPs were aware of it, with one lawmaker allegedly meeting Ku Li. (accessed on 31.3.16 at http://www.malaysia-today.net/the-anc-is-now-blaming-each-other-for-the-failure-to-oust-najib/

2. I suppose, to understand this strange phenomena, we need to go back 40 years to January 1976. At that time both Mahathir and Ku Li, together with Tun Ghafar Baba, were Umno Vice Presidents. But Ku Li had the highest votes followed by Ghafar and with Mahathir coming last.

When Tun Hussein Onn took over as Prime Minister after the death of Tun Razak Hussein, Ku Li was supposed to become the Deputy Prime Minister. However, Ku Li made way for Mahathir on the agreement that he would become the Deputy Prime Minister when Mahathir takes over as Prime Minister.

In July 1981, Mahathir took over as Prime Minister but he played Ku Li out. Mahathir refused to appoint Ku Li as his Deputy as promised in January 1976. And that was the beginning of this very strange love-hate relationship that Mahathir and Ku Li have been having ever since.

We do not need to go into the rest of the story, which I have related many times before. Suffice to say that ten years ago in 2006 when Mahathir decided to oust Tun Abdullah Ahmad Badawi he reached out to Ku Li to join the anti-Pak Lah campaign.

Ku Li thought about it for awhile and then agreed to team up with Mahathir to oust Pak Lah on the understanding that when the Prime Minister goes he, Ku Li, would take over as Prime Minister.

The day that Ku Li sent word to Mahathir telling the old man that he is prepared to team up to oust Pak Lah was the same day that the old man suffered a massive heart attack and was rushed to hospital. In fact, Mahathir almost died that night and the doctors gave him a 50:50 chance of surviving.

That is why I remember that day very well — plus the fact that I was the one who Ku Li sent to meet Mahathir to deliver his message that the deal is on. That was also the same day that a Hari Raya gathering was held in Mahathir’s house.

After that Mahathir and Ku Li met a few times and the alliance to oust Pak Lah went quite smoothly (with road shows organised in Kelantan, Kedah, Johor, Selangor, etc.). Mahathir even told Malaysians to vote opposition to punish Umno so that Pak Lah could be ousted.

Then, after the 2008 general election, Mahathir did a u-turn and chose Najib instead. And that was when Ku Li’s man, Nik Azmi Nik Daud a.k.a. Bul, came out that the brilliant idea of a Statutory Declaration to link Rosmah to Altantuya’s murder in the hope that this would screw Najib’s chances of becoming Prime Minister.

So Mahathir and Ku Li have been screwing each other and have been stabbing each other in the back for 40 years since 1976. And the last time was in 2008 when Mahathir dumped Ku Li and instead backed Najib for Prime Minister after working together for two years to oust Pak Lah. ( Accessed on 31/3/16 at http://www.malaysia-today.net/ku-li-is-mahathirs-new-scapegoat-or-kambing-hitam/ )

Running notes

( I have opened a label under 'running notes' today, 30 the March,2016  in Kuching)

1. Tengku Razaleigh is part of what I call the 'old and unwanted men' ( OUM) of Malaysian politics.  ( as an example go here ...>>>http://www.malaysia-today.net/the-anc-is-now-blaming-each-other-for-the-failure-to-oust-najib/

2. Dr. Mahathir is proven to become one too as he shows major signs of 'senility' in his latest gimmicks to ouster Najib.

3. On 23 March'16  Dr. Mahathir filed against Najib...>>>Two days ago, Tun Dr Mahathir Mohamad (and two others) filed a suit against Prime Minister Najib Tun Razak for allegedly interfering in the government investigation into 1Malaysia Development Berhad (1MDB) and for the political donation of RM2.6 billion, which he received from an Arab donor. ( Acessed on 30/3/16 at http://www.malaysia-today.net/mahathir-may-face-a-rm200-billion-counterclaim/ ) 
and here..>>>http://www.themalaymailonline.com/malaysia/article/dr-m-sues-najib-over-alleged-interference-in-1mdb-rm2.6b-probes

Lim Guan Eng in hot soup

Lim Guan Eng in hot soup

# MACC starting to investigate his purchase of a bungalow unit in Penang well below market price i.e. RM 2.8 million , similar properties close by fetch double the price.

( acessed on 19/3/16 at http://www.malaysia-today.net/after-macc-reveals-past-probe-guan-eng-questions-silence-about-outcome/ )

For details on valuation of the property vis-a-vis adjoining properties check it out here
and go here to find out the origins of the allegations ..>>>http://www.malaysia-today.net/ruckus-over-lims-house-purchase/

# for land deal purchase and related seller linkages to Lim Guan Eng check it out here ...>>>>http://www.malaysia-today.net/letter-to-editor-re-lim-guan-engs-pinhorn-road-house/  ( pix below is accessed from this url, accessed on 21/3/16 )

# more details of the relevant tender pertaining to the proposed development of land at Taman Manggis in Penang  as shown in diagram above can be  accessed here. ( Accessed on 21/3/16 at  http://www.malaysia-today.net/lim-guan-eng-kantoi-a-third-time/ )

Mahathir to punish UMNO

Mahathir's campaign to punish UMNO

Notes:
# done in 2006 -2008 to get Malaysians vote against UMNO
# done again in 2016 till next election (2018)
( his actions raise serious questions about his purported love of UMNO...accessed on 19/3/16 at http://www.malaysia-today.net/mahathirs-festival-of-lies/

OMAN membersip list

OMAN list of signatories

(note: more names will be added when information is available)

A) from members of UMNO party
1) Tan Sri Muhyiddin Yassin
2) Datuk Seri Mukriz Mahathir
 
B) from members of the opposition parties
1) Lim Kit Siang (DAP)
2) Datuk Seri Azmin Ali (PKR)

C) Individuals
1) Tun Ling Liong Sik (for MCA president)

DAP unearthed

What is DAP as a party?

1. A racist party

2. Adopted a "Malaysian Malaysia" political theme from Singapore's PAP, merely to unsettle Chinese-based MCA.

3. Instigated the Chinese to hate Malays.

4.  DAP did not want Malays to enjoy any benefits on their homeland.

 Note: The above points are accessed at http://www.malaysia-today.net/kit-siang-number-1-racist-says-dr-mahathir/ , on 12/316) and below is the related article in full.

Kit Siang No 1 racist, says Dr M

The former prime minister urges voters to reject Pakatan and vote for BN

(Athi Shankar, Free Malaysia Today, 4 May 2013)

Former Prime Minister Dr Mahathir Mohamad launched a blistering attack on DAP, calling it a racist party and labelling its veteran politician Lim Kit Siang as “number one racist”.

He also said that PKR de facto leader Anwar Ibrahim and Islamist party PAS are destroyers of Malay unity in the country.

He said the DAP led by Kit Siang adopted a “Malaysian Malaysia” political theme from Singapore’s PAP, merely to unsettle Chinese-based MCA.

He said the DAP used its “Malaysian Malaysia” battle cry to defeat and replace MCA as Chinese representative party.

He added that the DAP has made all of sorts of demands for the Chinese and instigated the Chinese to hate the Malays.

Mahathir said Lim wanted meritocracy to ensure Chinese would get all.

He said Lim and the DAP did not want the Malays to enjoy any benefits on their own motherland.

He lumped anyone who opposed Malay rights as racists.

“The DAP is a racist and chauvinist party. Kit Siang is number one racist,” he told an indoor Umno-organised election gathering here last night.

He also hit out at old foe Anwar and PAS for destroying Malay unity and being subservient to the DAP to safeguard their selfish political interests.

For instance, he said Anwar and PAS have sold out Malays in the country by agreeing to the DAP demand to allow Christians to use the term “Allah” in their Malay edition of the Bible.

“Due to the weakening of Malay unity, we have to give in to others,” said the 87-year-old, blaming Anwar and PAS for causing the disunity.

Citing a few examples, including the formation of PAS in the 1940s, he said the party was misusing religion for mere political mileage.

Labelling Anwar as the biggest liar in the world, Mahathir said the Pakatan Rakyat stalwart seemed to have a lot of money as he was seen shuttling around in chartered flights and helicopters recently from Langkawi to Alor Setar and then to Naka in Kedah.

He called on the Permatang Pauh constituents to reject Anwar if they reject lies.

“Permatang Pauh is not owned by Anwar. It’s owned by the people of Permatang Pauh. They have the right to choose a truthful representative, not a liar,” he said.

He also urged Malaysians to reject Pakatan and vote in Barisan Nasional tomorrow.

http://www.freemalaysiatoday.com/category/nation/2013/05/04/kit-siang-no-1-racist-says-dr-