Prime Minister Najib Abdul Razak's purported defence of 1Malaysia Development Bhd's (1MDB) mammoth debt is akin to telling the rakyat to remain silent in the face of daylight robbery.
Former prime minister Dr Mahthir Mohamad said this today in reference to Najib's call to the people not to judge the debt-ridden 1MDB in the court of public opinion but to wait until the auditor-general's investigation into the matter is completed.
"Asking people not to ask any questions until after the auditor-general's report comes out is silly.
"It is like seeing someone robbing and the public must wait until the court case is over before talking about it," he said in his latest blog posting.Mahathir also expressed doubts the auditor-general's report would shed any light on how 1MDB amassed a staggering RM42 billion in debt.
"Examining the accounts will reveal nothing. It will not explain the involvement of (Penang billionaire) Jho Low.
It will not explain how (Najib's step-son) Riza Aziz has so much money at the time when 1MDB money disappeared," said Mahathir.
He added that the audit is also unlikely to explain 'funny transactions' with PetroSaudi International and offshore banks in Seychelles, Hong Kong and Cayman Islands.
"Then the money from Cayman was brought back and deposited in Singapore. Now the bank says no money has been deposited with it," reminded Mahathir.
Set up commission call
He added the best way to deal with 1MDB now is to set up a commission.
"The members of which should not be chosen by the government to scrutinise every act of 1MDB.
"This is because it is basically going to investigate not just 1MDB but also the government, which has clearly failed to oversee the affairs of 1MDB," he said.Last Sunday, Najib (photo) released a Frequently Asked Questions (FAQ) on his blog to address several issues raised by Mahathir including 1MDB.
"We expect the preliminary report of the auditor-general to be published soon.
"In the meantime, please don't speculate and make conclusions without information that will be presented by the auditor-general," appealed Najib, who is also finance minister. -Mkini
"Dr M on 'silly' Najib and 1MDB robbery"
ReplyDeleteYes indeed.
“In October 1983, the Dr Mahathir had said that BBMB group’s lending practices in Hong Kong were a ‘heinous crime’.
On 25th September 1984, the Auditor-General Tan Sri Ahmad Noordin Zakaria had said that “it was not too late to set up a Royal Commission of Inquiry”
Within less than 4 months…!
In 1985 it was a success story with the then AG Tan Sri Ahmad Noordin, a Towering Malaysian of impeccable integrity without fear or favour even from Madey then…
January 8, 1985 (only in NY Times) – http://www.nytimes.com/1985/01/08/business/malaysia-discloses-details-of-bank-scandal.html
1985 Ramon Magsaysay Award – Tan Sri Ahmad Noordin – http://www.rmaf.org.ph/newrmaf/main/awardees/awardee/profile/173
January 19, 1986 – http://bibliotheca.limkitsiang.com/1986/01/19/why-has-the-general-tan-sri-ahmad-nordin-fallen-go-fast-in-government-esteem/
Jun 20, 2006 – http://www.malaysiakini.com/letters/52764
August 11, 2011 – https://mocsarawak.wordpress.com/2011/08/11/trail-that-led-all-the-way-to-the-pm-lorrain-takes-bmf-secret-to-the-grave/
19 November 2012 – http://www.themalaysianinsider.com/sideviews/article/the-bmf-scandal-revisited-seeking-the-truth-kl-lau#sthash.ET06hJig.dpuf
Definitely not “achievable” in Bolehland in 2015…!
Where have all the Towering Malaysians of impeccable integrity gone…?
You be the judge.
"Dr M on 'silly' Najib and 1MDB robbery"
ReplyDeleteAlso to share this...
"...As for economic genius Najib Razak, he has already broken Malaysia’s record in debt accumulation, without much difficulty.
Following the government redefinition of “external debt”, the country’s newly-defined external debt stood at a staggering RM729 billion (as of June-2014) or 67.6% of GDP – up from RM696 billion in 2013.
Now we know what Obama and Najib discussed during their golfing session - how to increase national’s debt."
Jan 08 2015 - http://www.financetwitter.com/2015/01/great-minds-think-alike-both-obama-najib-are-great-debt-accumulators.html
Feb 27 2015 - http://www.financetwitter.com/2015/02/1mdb-scandal-najib-bites-off-more-than-he-can-chew.html
"Nevertheless, one has to admit Jho Low is a genius, single-handedly conned the old fox and seasoned politician former chief minister of Sarawak, Abdul Taib Mahmud of his fortune.
If Taib was just an ordinary tycoon without the political strings, we bet our last penny that Mr Low Taek Jho wouldn’t have much problem cleaning up billionaire Taib Mahmud’s coffer, every single penny of them."
Mar 08 2015 - http://www.financetwitter.com/2015/03/1mdb-scandal-an-ali-baba-scam-partnership-goes-bust.html
May 18th, 2015 - Here’re 14 Crazy Facts How Huge (1MDB) RM42 Billion Debt Is - http://www.financetwitter.com/2015/05/here-are-fourteen-crazy-facts-how-huge-1mdb-rm42-billion-debt-is.html
You be the judge.