Seven reasons why I am against the Penang transport masterplan
CAP: What is Penang without its roadside trees?
No detailed EIA for three proposed Penang Island highways?
What? More Green Lane trees to be removed for road-widening
Now northern flank opens up against Najib as thousands rally around Mukhriz
‘You know it’s really bad when the SWISS announce they are investigating someone…’
The sum suspected to have been misappropriated amounts to around US$4bn; its intended purpose is the subject of further investigations. So far it has been ascertained that a small portion of the money was transferred to accounts held in Switzerland by various former Malaysian public officials and both former and current public officials from the United Arabic Emirates.
So thanks to the Switzerland attorney general’s office, we now know there is a ‘black hole’ out there amounting to US$4bn (RM17bn), involving several firms that have links to 1MDB. In my piece, The black hole of 1MDB, I noted that 1MDB stood to make at least RM12bn in property revaluation gains. This would come in handy for 1MDB to fill up its own black hole by paying off its debts, (incurred on what?) and papering over its losses.Swiss attorney general’s office finds ‘serious indications’ of RM17bn embezzlement
The criminal investigation conducted by the Office of the Attorney General of Switzerland (OAG) has revealed serious indications that funds have been misappropriated from Malaysian state companies. The monies believed to have been misappropriated would have been earmarked for investment in economic and social development projects in Malaysia. So far four cases involving allegations of criminal conduct and covering the period from 2009 to 2013 have come to light in this connection (relating to Petrosaudi, SRC, Genting/Tanjong and ADMIC), each involving a systematic course of action carried out by means of complex financial structures.
The sum suspected to have been misappropriated amounts to around US$4bn; its intended purpose is the subject of further investigations. So far it has been ascertained that a small portion of the money was transferred to accounts held in Switzerland by various former Malaysian public officials and both former and current public officials from the United Arabic Emirates. To date, however, the Malaysian companies concerned have made no comment on the losses they are believed to have incurred.
The Wall Street Journal quotes the Swiss attorney general:“We are very concerned,” Swiss Attorney General Michael Lauber told The Wall Street Journal on Friday. “We have found evidence of suspicious money transfers linked to 1MDB going through Swiss financial institutions, and we believe that it is very important that it is shared with the Malaysian authorities.”
The Botak Hill summit that Penang Forum activists were not shown


Heated argument over Botak Hill ‘mitigation’ work during site visit
An engineer (right) involved in the mitigation work under intense questioning by Penang Forum steering committee members as Chow Kon Yeow (centre) looks down.
A heated discussion took place during a site visit to Botak Hill (Bukit Relau) this morning over whether the work being carried out was mitigation or restoration.
RM2.6bn donor must officially confirm repayment
A Saudi government official, while declining to comment specifically on the prosecutor’s statement, said the Saudi ministries of foreign affairs and finance had no information about such a gift and that a royal donation to the personal bank account of a foreign leader would be unprecedented. Representatives of the royal family couldn’t be reached for comment.