Why Najib cannot escape responsibility for 1MDB debacle

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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 prime minister for any financial commitment including investments made by 1MDB or any matter related to Malaysian goverment guarantees, national interest, national security, or federal government policy.

It is clear where the buck stops. So how can he not take responsibiity for the state 1MDB is in today?

READ MORE:  1MDB black hole widens again as Bandar Malaysia deal unravels
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75 Comments on "Why Najib cannot escape responsibility for 1MDB debacle"

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alphard15
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alphard15

Singapore Making an Example Out Of BSI Bank

As the fallout from 1MDB leads to the Monetary Authority of Singapore ordering BSI Bank to shut down in the country, Andy Mukherjee of Bloomberg Gadfly explains why the move is impressive and highlights the repercussion of the move.

David Loman
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David Loman
LKS’s 5 questions for Jho also: Question One How much was spent in the special operations during the 13th general election to defeat DAP secretary-general and Penang Chief Minister Lim Guan Eng in the Penang state assembly seat of Air Puteh, where money flowed like water in the constituency with free dinners, free-wheeling ang pow offerings, lucky draws and the whole paraphernalia of giveaways to the Air Puteh voters? Was it RM30 million or RM40 million? Did the money come from 1MDB through various bogus offshore companies? Was he ever investigated by the Malaysian Anti-Corruption Commission (MACC) for corruption and… Read more »
Utopia
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Utopia
The Wall Street Journal’s series of reports on alleged financial scandals linked to Prime Minister Najib Abdul Razak and state-owned fund 1MDB has made it on the Pulitzer Prize nomination list in the International Reporting category. “Our coverage of ‘Malaysia’s Watergate’ #1MDB was a Pulitzer prize finalist in the category of International Reporting,” WSJ tweeted this morning. According to the Pulitzer Prize official website, the WSJ had submitted a series of articles published between July and December last year – written by Tom Wright, Bradley Hope, Simon Clark, Mia Lamar and James Hookwood. They were credited for their work which… Read more »
owc
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owc

Barang Naik, BR1M tak cukup

Utopia
Guest
Utopia
Oscar-nominated producer Mike Lerner is working on a documentary centred on the alleged corruption at state investment firm 1Malaysia Development Bhd (1MDB) that led to the making of the 2013 Hollywood hit, The Wolf Of Wall Street. In the film, The Master And His Wolf, “we have a gripping story with a cast of fantastical characters, movie stars, prime ministers and a system of money laundering, with direct links between Malaysia via Saudi and Abu Dhabi companies, which goes right to the heart of Hollywood’s elite”, the British producer told The Hollywood Reporter. The news follows revelations by investigators that… Read more »
Utopia
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Utopia
The Economist: Malaysia’s mega-scandal http://www.economist.com/news/asia/21696969-one-biggest-controversies-malaysian-political-history-gets-even-bigger-switzerland-widens EARLIER this year authorities in Switzerland said they had begun criminal investigations into two former officials at 1MDB – a Malaysian state investment firm from which they believe some $4 billion may have been misappropriated through a series of deals struck between 2009 and 2013. On April 12th the Swiss said the scope of their enquiries was widening, and that they have now also opened files on two former public officials from the United Arab Emirates. This latest escalation relates to a deal struck in 2012, in which IPIC, an Abu Dhabi state fund, agreed… Read more »
roy
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roy

I think Najib is trying to get scapegoat soon in 1MDB to deflect the heat and IGP is ready to pounce. Former CEO may be the fall guy?

gk ong
Guest
gk ong

Thanks for the update. Pls continue to provide such update as I no longer read mainstream papers for 1MDB matters.

Wonder why Mr tunglang never critise 1MDB matters. Rahman Dahlan must have successfully diverted attention of people like him.

tunglang
Guest
tunglang

Wonder why you never criticise Niao Kong???????
Ask yourself before you ask of others.
Anyway, did democratic Anil ask anyone of us?

Utopia
Guest
Utopia
It was to be the media scam of the century – to create among Malaysians the myth that the Public Accounts Committee (PAC) Report on the 1MDB marks the closure of Malaysia’s first global scandal in the nation’s history. But it collapsed within five short days – the coup de grace delivered in London when the Abu Dhabi-state owned International Petroleum Investment Company (IPIC) sent a statement to the London Stock Exchange that neither itself nor its unit Aabar Investments PJS have any links to a British Virgin Islands-incorporated firm named in a report in the RM50 billion 1MDB scandal… Read more »
Utopia
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Utopia

Switzerland has widened its corruption probe into a Malaysian state-owned fund linked to prime minister Najib Razak, with two new suspects indicted over an alleged phony bond deal.

The Swiss attorney general’s office (OAG) said the new suspects – who are accused of fraud, bribery and other offences – are officials from the United Arab Emirates who were in charge of sovereign funds based in Abu Dhabi.

In a statement, the OAG said it had evidence that the management of the 1MDB fund violated Swiss embezzlement laws through a fraudulent bond agreement with the UAE officials, with money routed through Swiss banks.

http://www.theguardian.com/world/2016/apr/13/swiss-widen-corruption-investigation-malaysias-1mdb-fund

gk ong
Guest
gk ong

Najib said 1MDB assets are ‘real’ and more than liabilities. He said that in years to come, TuN Razak Exchange and Bandar Malaysia will be the real legacy of 1MDB.

However, he does not guarantee the future owners of these legacy. Possibly PRC China or Singapore Temasik could be the real owners?

David Loman
Guest
David Loman

Forum PALING Panas 2016!

Laporan PAC 1MDB – Adakah Najib Bersubahat atau Tidak Bersalah?
14/4 (Khamis) 8.30mlm @ IDCC Convention Centre, Shah Alam.

Panelis termasuklah Dr. Mahathir bin Mohamad, Lim Kit Siang, Rafizi Ramli, Khalid Samad, Tony Pua dan Cynthia Gabriel.

Dengarlah penemuan-penemuan sebenar PAC dan Ketua Audit Negara yang terkandung dalam Laporan terhadap 1MDB!

gk ong
Guest
gk ong

I suppose Anil will update us on the issues raised in this forum.

By the way, not sure if Anil is barred from entering Sarawak to provide on-site updates on the state election.

roy
Guest
roy

Any update on this forum?

Utopia
Guest
Utopia
SHAH ALAM – Bekas Perdana Menteri, Tun Dr Mahathir Mohamad menyindir Perdana Menteri, Datuk Seri Najib Razak berhubung dakwaan sebelum ini di mana beliau menandatangani dokumen 1Malaysia Development Berhad (1MDB) tanpa mengetahui kandungannya. “Tandatangan (dokumen) tapi tidak tahu apa-apa. Macm mana orang macam ini boleh jadi perdana menteri?,” katanya pada Forum Laporan PAC 1MDB : Najib – Bersubahat atau Tidak Bersalah? Sebelum ini, persoalan dibangkitkan sama ada Najib tetap tidak bersalah walaupun menandatangani dokumen berkaitan 1MDB. Terdapat laporan menyatakan bahawa Najib selaku penasihat 1MDB menyedari dan turut menandatangani kerjasama antara syarikat tersebut dengan Petro Saudi bernilai RM3.92 bilion (AS$ 1… Read more »
David Loman
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David Loman
KUALA LUMPUR, April 11 — Barisan Nasional (BN) could lose power in Johor in the next federal polls with a mere 10 per cent vote swing, according to a DAP federal lawmaker’s calculations. Kluang MP Liew Chin Tong, the strategist behind DAP’s productive Election 2013 foray into Johor, explained that a shift in voter sentiment could see the ruling pact cede up to 14 state seats and 11 parliamentary seats to the opposition. With this, he said, BN would be five seats shy of the 29 seats it needs to stay in power in Johor, the birthplace of Umno and… Read more »
tunglang
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tunglang
Rahman’s 15 questions for Guan Eng By Abdul Rahman Dahlan Two days ago, I promised to release some of my “Soalan-soalan Bongkar” for Penang Chief Minister Lim Guan Eng. This is to help him prepare his answers and make full use of the period during which I am overseas – a trip I had planned a long time ago. These are just some of the questions that I plan to ask: (1) RFP awarded to a financially doubtful company: Please explain why the Taman Manggis RFP (request for proposal) was awarded to KLIDC (Kuala Lumpur International Dental Centre) in 2010… Read more »
zoro
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zoro

visit your good ” lo yau kei” in the pet shop and parrot here again???

David Loman
Guest
David Loman
Lim Guan Eng’s questions for Rahman Dahlan: 1) Housing is under federal government purview according to the federal constitution. Can he deny that building PPR (people housing project) is the responsibility of the federal government with maintenance of the flats done either by the state or federal government? Why is Penang marginalised with the lowest number of PPR built with 999 units out of a total of 102,118 units nationally(or a mere 0.98 percent)? 2) If he claimed that Taman Manggis was meant for PPR, explain how a layout plan submitted by the National Housing Department (under his ministry) in… Read more »
Lapala
Guest
Lapala

I once hav a girlfriend also named Miss Phang who treated me well to the envy of many hence a lot of poison letters to break us up.

zoro
Guest
zoro

patriot nof only can repeat but also sing! learnt fast

tunglang
Guest
tunglang

La La La!
La La La La La La Laaaaaaaaaaa!

Ozzie
Guest
Ozzie

In the presence (motivation?) of Rosmah, Lee Chong We I had beaten Chen Long easily today to win Msia open.
Not sure $he will still be around in June Olympic to support Chong Wei in Brazil? What say you?

Utopia
Guest
Utopia

I think Chen Long acknowledged that ‘Cash Is King’ in Bolehland.

Utopia
Guest
Utopia

Tun M Gesa Campur Tangan Asing ‘Jatuhkan Najib’

Tua Pai Kiah
Guest
Tua Pai Kiah

Taman Manggis issue is Dahlan’s strategy to sidetrack people’s attention away from 1MDB massive debt at least 20% not revealed with OSA as excuse.

Anilnetto.com and many knew this and continue to highlight 1MDB scandals; only for certain Penang-lang who are disillusioned cannot afford Penang homes to continue with Taman Manggis matter.

Shame on you.

tunglang
Guest
tunglang

Shame on you.
A suspected wrong is still a suspected wrong, regardless of who is the suspect or the extent that doesn’t buy size does matter.
Unless of course your mind is cemented to the idea that Deity can do no wrong, that it is not human!
Only a non-human has no qualms to do as it likes, assured by the minions’ support of no shame.
“Go fly kite” is acceptable in the minds of overt-worshipping, wired to a knee-jerk reaction at the mention of Deity Can & Do & Definitely Go Wrong.

tunglang
Guest
tunglang
One should not escape responsibility to explain the issue of Taman Manggis by imposing deadlines. Even if one has 9 lives to sandiwara. Read: Rahman Dahlan-Guan Eng debate delayed, Twitter row ensues Barisan Nasional strategic communications director Datuk Abdul Rahman Dahlan and Penang Chief Minister Lim Guan Eng have engaged in a fresh war of words ahead of a much-awaited debate on the Taman Manggis land issue. This time it was over the former’s decision to travel overseas just as plans were afoot to hold the debate sometime next week. Now the debate will only be held after Abdul Rahman… Read more »
lim
Guest

As expected, macc and nazri came to rahman’s rescue to save whose face, lim guan eng ???

Pg cm said tak makan tak takut but macc and nazri takut, kenapa ???

Save me heaps of time reading the rubbish by rahman but sepandai pandai like abang ah lang kenapa pula diperbodohkan oleh rahman !!!

Tua Pai Kia, i agree with you, shame on abang ah lang !!!

tunglang
Guest
tunglang

Too Kow Lim ah. Seems like you turn Knee-Jerk like that masked Knee-Jerk.
Don’t simply assume (falsehood) of others when you don’t have facts.
Better watch your mouth…

Lapala
Guest
Lapala

All bcoz housing matter.

Yang unable to sustain his property transaction under Pakatan ruling hence a Darth Vader turnaround with hatred for LGE.

The dark force then switched to a Penang-lang instead of seizing cosmopolitan marketing media open opportunities, over indulging in food, and not mampu beli rumah hence turnaround to blame LGE.

Luckily we are able to see majority of Penangites flourishing, many able to sell off property at good prices to afford their children education and at same time live modestly satisfied in throttle golden years knowing their children can later take care of them.

tunglang
Guest
tunglang

Art of dirt-others assumption learnt while internship at Deity’s Komtar Tower?
Majority? Don’t tell lies. You are not even within ground swell of dissatisfaction.
Still want to spin like your Niao Kong to justify your shiok-sendiri parting shots?
La La La, La La La La La La Laaaaaaaaa!

zoro
Guest
zoro

Patriot escape from chained stand.

Too bad due to CAT but you are under dog zodic sign cannot get favour like your previous deity.

tunglang
Guest
tunglang

La La La, La la La la La La Laaaaaaaaa!

tunglang
Guest
tunglang

Who is the ONE that brought us Rakyat Malaysia Boleh to service (without time-limit) a national debt short of a beggar nation?
At least beggars don’t have to pay GST.
We are already in the timeline of approaching beggars. The next timeline may be OKU (Orang Kurang Upaya menjaga diri).
Can rub shoulder & play holes with Obama, but cannot fulfil Rakyat’s simple dreams now quashed by national debt servicing.

ktwong87
Guest

Beggars do not have to pay GST?

You are WRONG, Sir! Even when they buy one of the cheapest food commonly available – the humble instant noodles – kena GST jugak. And they are hit another way too – burdened by the inflation wrought by GST and those to use GST as an excuse, folks who usually donate to beggars may well reduce the amount they give or even stop donating.

tunglang
Guest
tunglang

While we are GST-ed, some of us are wasting food in restaurants & cafes.
Should ask the restaurants to ta pau & give to these beggars & vagabonds.
Beggars need food, clothing & shelter more than money.

Utopia
Guest
Utopia

You can help out Penang Soup Kitchen:
http://www.kechara.com/soup-kitchen/

zoro
Guest
zoro

very quick response. very action not once but 3 times

tunglang
Guest
tunglang

Have you been there to help?

tunglang
Guest
tunglang

Prove what you have done before asking others.
Perhaps same like Niao Kong, all the tokong talk but not walk the talk.
Anyway, Komtar Walk is a nice place for streets walkers.
Prove your name sake, can or not?

tunglang
Guest
tunglang

Quick to judge?
Sour taste!

zoro
Guest
zoro

very action ~ drink kopi “or” nof enough sg pinang “or”

Super Taste iWalker
Guest
Super Taste iWalker

Yes, talk and write but no true action some entangling!

tunglang
Guest
tunglang

Some generous food sellers don’t pass on GST to beggars. Compassionate hearts don’t kira-kira.
Go to Kuan Yin Temple, Penang to see for yourself.

lim
Guest

Living in this topsy turvy 1mdb land is very tiring indeed, very trying and most frustrating…

Very obvious, Dap has to sack that Dr Ah Giau, you cant afford to have a … in your party.  Something is already not right when a proposed draconian law about to pass he was watching tv at home.

Dap, sack him by all means he has betrayed the people who have been supporting him all this while, and he thinks we are all fools, some yes, but not the majority.

Bigjoe
Guest
Bigjoe

Absolve? Either Najib legally negligent and did not do his fiduciary duty or he was party to CBT. There is NO way Najib is not guilty that require his resignation. It’s what make the whole song and dance they have put up so ridiculous and dumb.

Utopia
Guest
Utopia

‘Najib Perlu Bertanggungjawab Kegagalan 1MDB’

George Lim
Guest
George Lim

i dont want to sign it the fatso forced me to sign.

rajraman666
Guest
rajraman666

He set up 1MDB
Sell Malaysian land cheaply to 1MDB and sell it sky high price to pay debts?
Pay sky high for power plants and borrows back from seller again to settle debts.

Appoint all the Directors who takes orders from him and now he not responsible?
Then who responsible? ANWAR OR DEITY?

rajraman. PAC try to be kidding like AG.
We have the best businessman in Malaysia and he is call as PM.

charlie
Guest
charlie

Buy land cheap from government to sell high to pay off debt is the modus operandi.
1MDB can therefore tell uninformed rut peal folks that it’s asset is more than its liability.
Gerakan’s Liang Teck Meng should check on how cheap the land at Sungai Besi is bought by 1MDB for Bandar Malaysia project, do not waste time onTaman Manggis.

Ozzie
Guest
Ozzie

The size of Taman Manggis present plot of land I can’t even fly kites there. May be Burmah Road folks can play AhJitLoot (hokkienlang hide and seek, no pun intended).
Simpang Renggam’s Liang can learn Penang-lang way of barking to counter the alley cats from love lane to line clear lane there.

tunglang
Guest
tunglang

Niao Kong’s pursuit of increasing density to developers’ exceeding delights means one plot of land need not be as big as Pinhorn Rd bungalow. Just build skyward & Taman Manggis can fulfil dreams of many (low income families).
Go fly kite at Komtar Tower if one cannot figure this out simply!

zoro
Guest
zoro
ah jib can buy lunch at a discount w/o alleged corruption. same with all volunteer society. next time all opposition govenment leaders when they buy personal items like food. clothing. bicycles, rental should psy more like ang mohs for skin colour tax. if charge the opposition leaders less in appreciation for their struggle against thd big brother, they like poon and tang are accused w/o solid proofs for trying to bride the opposition leaders. anil, do you get discounts and some special treatments for the good work appreciated? property valued at 6.5m. sup sup shui. many takers queing up to… Read more »
concon
Guest
concon

The last time I mentioned that I sold my apartment cheaper than the market price someone say I have to bang the wall now because now it is sky high. Why? Why I cannot sell cheaper to the person who really need the apartment. Why must be the market price thru the agent or those aunty staying in the same apartment to resell it at higher price?

tunglang
Guest
tunglang

Still want to fly kite, too kow, bo jip nau?

tunglang
Guest
tunglang

Pardon?
You must be dreaming!
There is a comparison (of promising affordable housing to one’s purported bungalow purchase @ unbelievable discount, suspected of corruption). Until this is proven otherwise, the faith in DAP is affected.
Don’t behave as if Niao Kong worshipping is not enough.
Get real instead of knee-jerk Jerk’s pardoning.

Ozzie
Guest
Ozzie

7th month Manggis Land can stage Opera, and likewise during Christmas can light up the area for non joss sticks but candles hallelujah, tourists come and stay a tune Hotel just cross road.

lim
Guest
Ah lang, is it too much for a state cm to live in a bungalow, mind you it is an old bungalow, 30 years old and it is not in any posh area like jesselton but the dead jammed area in greenlane. Furthermore he is buying with a bank loan. Sue him by all means if the deal is illegal, using public funds. Why fall into the trap of umno/bn ??? About the taman mangis, didnt you hear people say the size is not even big enough to fly kites. Cakap itu mesti “kong toh”, benar, otherwise you really have… Read more »
rajraman666
Guest
rajraman666

Double Standard?
rajraman. There its goes. Building a new man like Najib.
rajraman. Manggis sweet, cooling and easy to eat and if the same manggis become durian and its torny ,heaty and also can cause dead when it’s taken without cautious.Add a bit of alchohol its potent.
Here wrong can be right subject to whose words people’s buy.

tunglang
Guest
tunglang

It is comparing a small (alleged) theft to a big time thief. to justify that it is still AOK to steal the same.
Tis the warped logic of minions drowned in Sg Pinang Black Tea of CAT.
Note: rajaman666. You must pardon to Niao Kong to appease the howling sentiments of these knee-jerk minions.
Just buy some raw fishes to offer, paper Merc S300L (the ones for Cheng Beng), paper bungalow with Punjabi guards & 3 red candles + joss sticks to burn & ask for pardon facing Komtar Tower of Absolute No Wrong.

rajraman666
Guest
rajraman666

1MDB – Nasional problems.
Taman Manggis – State problems at small scale.

rajraman. If the Deity is guilty must charge him also which is easier for UMNo but to charge Najib is Malaysian biggest problems.
I have my own problems to convince their followers right is right and wrong is wrong regardless which Party they belongs too.
To long blogging and fighting to say what is right and what is wrong make me upset.

ktwong87
Guest
By yesterday afternoon, within hours of the PAC report being presented in Parliament, Salleh Said Keruak has already issued his statement in which he claimed: “No monies are missing, misappropriated or unaccounted for.” Just how he could have justified that eye-popping claim is wayyyyyy beyond my comprehension. To put it mildly. But that was Salleh, who had already display much fervour in defending Najib from the time he was Sabah State Assembly Speaker, and carried on after his elevation into a full ministerial post. More surprising to me was Dr Tan Seng Giaw, deputy PAC chief and DAP MP, who… Read more »
rajraman666
Guest
rajraman666

This DAP guy i call “senting”
rajraman.Translate it to Indonesian Bugis words you will get the meaning.
rajraman. You can approve it Anil since it’s not vulgars words.It’s just something to do with brain Serotonin.

Ozzie
Guest
Ozzie

Not directly involved does not mean not involved, pikir lah!?

lim
Guest

Fact is, he is directly involved, collective responsibility, it is a common knowledge, ah giau should know better than that, fooling the 52% voters ???

Ozzie
Guest
Ozzie

Ah Giau time to retire to become appointed director for some corporations just like that ah tye.

cell celly
Guest

this is not kepentingan negara, this is kepentingan personal bank acc

Josh John
Guest
Josh John

Who is going to go after him?

Ozzie
Guest
Ozzie

TUHAN always after the crooks

zoro
Guest
zoro

need not tuhan himself to take direct action.that is why tuhan create trainable … to help like here in this instance.

tunglang
Guest
tunglang

Tuhan also after some deities that don’t toe the line!

rajraman666
Guest
rajraman666

Which TUHAN Ozzie?
What i know most Tuhan never after the crooks.

rajraman. TUHAN always take care the bigger crooks much better when the crooks alife. Thats why alots of rich crooks in Malaysia. After dead i don’t want to know.