Category: Accountability

1MDB debt weighs down on Malaysian economy

Bloomberg has carried a report on the situation at 1MDB that Malaysians must keep a sharp eye on:

The Edge Financial Daily said this week the fund had missed a 2 billion ringgit ($563 million) loan repayment on Dec. 31. It has been given until Jan. 30 to settle the debt, which was first due on Nov. 30, the article said, citing people it didn’t identify. (more…)

More

The PM’s spouse and the government VIP jet

A heated exchange of words took place in Parliament when Azmin Ali asked whether the PM’s spouse Rosmah is eligible to use the government VIP executive jet, whether the PM was involved in the approval of the use, and if it is proper for Rosmah to represent the country or government in foreign affairs. (more…)

More

Rumblings within Umno?

We have seen Mahathir firing broadsides over 1MDB. Of course, he may have his own motives. After all, it is not as if there were no scandals during his administration.

Then we saw Batu Kawan Umno deputy chief Khairuddin Abu Hassan lodging a police report calling for a “detailed and comprehensive” investigation into 1MDB.

Now, former NST group chief editor Kadir Jasin has written a piece which suggests that discontent about the country’s leadership is brewing in certain circles. (more…)

More

Will the 1MDB controversy drive a wedge into Umno?

Quite apart from the Pakatan and other non-BN voices sniping at the 1MDB issue, we had Mahathir firing an early salvo in his blog.

Then out of the blue, the Batu Kawan Umno deputy chief, Khairuddin Abu Hassan, reported to be a Mahathir supporter, surfaced to lodge a police report on this issue. Khairuddin insists he is acting alone.

Further pressure was heaped on 1MDB, and by extension, Najib, when Kadir Jasin revealed in his blog:

The police report (by Khairuddin) is the culmination of weeks of controversies surrounding the so-called sovereign fund.
(more…)

More