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Najib and Arul Kanda have more serious explaining to do:

They should respond to this WSJ shocker: Malaysia’s 1MDB sent US$850m to entity set up to appear owned by Abu Dhabi wealth fund

A 1MDB unit transferred at least $850 million via three transactions last year to a British Virgin Islands-registered company with a name that made it look like it was controlled by IPIC, according to wire transfer documents viewed by the Journal and two people familiar with the matter.

The 1MDB fund sent the money to “Aabar Investments PJS Ltd.” which closely resembles the name of IPIC’s wholly owned subsidiary Aabar Investments PJS, the wire documents show….

Officials at IPIC say neither they nor any subsidiary received this money, the Journal reported.


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This is one of the last bastions of fishing in Penang Island. Notice that the protesters are both Chinese and Malay: this is certainly not a racial issue for cheap politicking. The real issue is the potential loss of livelihoods of the fishing communities and of an important source of food supply for Penangites – to make way for property development, much of it probably for the high-end market.

Rampant property development, a large chunk of it to feed real estate speculators, had already gobbled up most of the vegetable farms in Penang. Now, we have to rely heavily on Cameron Highlands for local vegetables.

Will the same thing now happen to the marine fisheries sector?