(Ref: Che Det)
1) He seeks the permission of the Singapore PM for the building of
the bridge to replace the Malaysian part of the causeway. Later he asked
the Singapore PM when he wanted to build the high-speed train. In both
cases he was rejected. He doesn’t seem to be in full charge of the
affairs of his own country.
2) He employed European consultants to advise him on the policies for
the nation. This cost Malaysia RM 7 billion. These consultants did not
understand the multi-racial character of Malaysia and the sensitivities
of the people. The result is greater racism and tension between the
races in Malaysia. The Chinese who before supported the BN, rejected him
completely in 2013.
3) He actually employed Europeans to work in the PM’s department.
Their influence over him led to his becoming insensitive to local
conditions.
4) He set up agencies outside the Government to direct the affairs of
the Government and disregarded the EPU and ICU in the planning and
implementation of Malaysia’s development.
5) He paid these agencies, of which Pemandu is a major one, salaries
and perks not in accordance with the Government salary scheme i.e. very
much higher. He did not follow Government procedures and disregard the
relevant authorities when doing this.
6) He increased the budget of the Prime Minister’s Office very many
times more. There are so many Ministers in the Prime Minister’s Office.
His cabinet is the biggest in Malaysian history.
7) He created jobs with high salaries for people he retired from
service so that they will support him irrespective of his wrongdoings.
8) He had a lavish life-style and spent well beyond the means of a
Malaysian Prime Minister for his daughter’s wedding.
Malaysian Prime Minister for his daughter’s wedding.
9) He kept the Ministry of Finance under him together with his job as
Prime Minister. This gives him full control over the financial affairs
of Government. He was thus able to borrow from Government funds and fix
the very low price of Government land when selling to 1MDB.
10) Failing to take over the management of the Terengganu Investment
Agency, he set up 1 Malaysia Development Berhad, a company with 1
million Ringgit capital from the Government.
11) He appointed himself as adviser to the company. Obviously anything that is done must be with his knowledge.
12) He borrowed for 1MDB altogether 42 billion Ringgit at high
commission and interest rates, which a company with 1 million Ringgit as
capital would never be able to do. Effectively the loan is guaranteed
by the Government.
13) He then bought private power plants at 12 billion Ringgit. This
is well above market prices. He also took over debts amounting to 8
billion Ringgit incurred by a power plant. Later he sold the power
plants to China at a loss.
14) 1MDB formed a J.V. with an Arab company called Petro Saudi.
15) This company was said to have two oil concessions in Argentina
and Turkmenistan. To date the concessions appear not to have been
exploited. Even the existence of the concessions are doubtful.
16) 1MDB paid more than 1 billion US dollars for its share of the J.V.
17) The J.V. was terminated some months later.
18) Instead of getting back the money, Najib lent the 1 billion USD plus another 0.8 billion dollars to the Saudi partner.
19) Where the money is today is not clear as the explanations given are not verified with credible documents.
20) Large sums of money were invested in Cayman Islands.
21) Then we are told the money has been brought back. But most of the
money is deposited in a Singapore bank. Then the bank said no money is
in the bank. 1MDB then claims it is not money but units. No documentary
proof is given, certainly not what the units are worth.
22) 1MDB did not bring back the money to Malaysia because Bank Negara
might question the source of the money. This is clear admission that
there is something wrong with the money.
23) Suddenly it was reported by the Wall Street Journal that Najib
had USD681 million (about 2.6 billion Ringgit) in his secret private
account in Ambank.
24) He denied at first; then admitted, saying that it was a gift;
then that it was a donation to ensure he won the election; then it was a
donation from Arabs who appreciated his fight against Muslim
terrorists; and finally that it was a donation from the late Saudi King.
The source of the money is still not proven.
25) Now a Saudi Minister said there is no record of a gift, that
probably it was a Saudi investment. The amount was not so big, he said.
26) No matter how he got the money but the amount is too big to be a
donation. No PM of Malaysia should accept that amount of money
especially from a foreign national. Certainly it should not be a
personal gift.
27) Money in any person’s account, whether from profits or borrowed
or gift must be declared to the income tax department even if it is not
subject to income tax. Apparently the Internal Revenue Board is not able to verify from official records about how the acquisition or existence of this money was done. There is also no clear report about the money by Bank Negara to determine whether it is being laundered.
subject to income tax. Apparently the Internal Revenue Board is not able to verify from official records about how the acquisition or existence of this money was done. There is also no clear report about the money by Bank Negara to determine whether it is being laundered.
28) Then the money is said to have been withdrawn and deposited in
Singapore banks.
Singapore banks.
29) And the Singapore Government is said to have frozen the account.
30) In Malaysia four Government institutions formed a Task Force to investigate the money.
31) Before the report could be made Najib disbanded it by sacking the
Attorney-General, putting fear of arrest of the Bank Negara Governor.
The Anti-Corruption Commission head went on leave. Only the police
continued to function but is silent on the results of the work of the
task force. The police is the only member of the task force which has
not made a report. Yet the police should be the first to lodge a report
to the A.G.
32) Bank Negara and MACC submitted separate reports on the money in Najib’s accounts to the new A.G.
33) Both reports were dismissed by the new A.G. claiming Najib had done nothing wrong.
34) Then the A.G. declared that the balance (2.03 billion RM) had
been returned to the Saudis. How this was done when the accounts are
frozen is not explained.
35) Malaysians feel ashamed of the reports by influential foreign
newspapers about Najib’s questionable management of 1MDB and the huge
sum of money in his personal account. When travelling abroad, Malaysians
who used to be complimented for their country’s successes are ashamed
at being asked about what is happening to their country?
36) Malaysians are ashamed that Malaysia is rated as among the ten
most corrupted country in the world and Najib is regarded as the most
incompetent Finance Minister.
37) Although Najib threatened to sue, he did not until now, even when
the Wall Street Journal and other papers revealed more and more
unsavoury stories about him and 1MDB losses as well as the money in his
private account. The amount involved is now reported to be RM4 billion.
38) Malaysian papers are not allowed to report on 1MDB except the
explanation by the Government.
explanation by the Government.
39) All the institutions of Government which are tasked with
protecting the citizen’s well-being have now been undermined by Dato’
Seri Najib so that people fear these institutions instead of relying
upon them to secure their freedom and well-being.
40) It is because of all these that the citizen of Malaysia call for his removal.
No comments:
Post a Comment