Tuesday, April 25, 2017
So it has come to this: Ipic, Abu Dhabi's sovereign wealth fund, is seeking arbitration in London for some US$6.5bn, which it claims is owed to it following a dispute with 1MDB. Last year, Ipic had given 1MDB a...
In early May, the Financial Times of London carried an in-depth feature on the City of London as a global money laundering hub, which included an expose of the Swiss private bank BSI in the UK. The paper revealed...
The other day, I visited a relative in a general hospital. I was shocked to see how crammed the conditions are. In the ward section he was in, as well as in other nearby sections, a space originally meant for...
Page 14 of the PAC report above clearly indicates why it would be difficult to absolve the prime minister for whatever 1MDB has done. According to Article 117 of 1MDB's M&A or charter, written approval is required from the...
The Penang Forum steering committee has just released this media statement, which speaks for itself: Penang Forum is extremely disappointed by the recent personal attacks against civil society city councillor Dr Lim Mah Hui with the highly disparaging press statement...
MBPP Councillor Dr Lim Mah Hui has denied accusations that he was lying about the number of illegally parked cars towed away by council enforcement teams. He has released statements in Malay, English and Chinese, which can be found...
MBPP councillor Dr Lim Mah Hui has just released this open letter to the chief minister of Penang, the MBPP mayor and the MBPP secretary: Dear YAB Lim Guan Eng, Chief Minister of Penang, Datuk Patahiyah bte Ismail, Datuk...
Everyday sees the ground moving from under Najib and his team. Yesterday, it was the New York Post report about Jho Low and Mahathir and Siti Hasmah quitting Umno. Today, it is yet another Wall Street Journal expose that...
The sacking of two PKR state assembly members, Bukit Tengah rep Ong Chin Wen (the PKR state whip) and Kebun Bunga rep Cheah Kah Peng, as directors of Penang state government-linked companies is disturbing. The two were among five...
That was a reader's comment left on the website of the Wall Street Journal. The Swiss were renown for their banking secrecy, but even they couldn't keep mum over this. The sum suspected to have been misappropriated amounts to around...
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