06
Jul
15

Special Task Force findings on 1MDB must be made public

Yes, the latest news report by The Wall Street Journal has given everyone the biggest shock. And yes, it’s damning.

The article states that Malaysia’s Attorney-General Abdul Gani Patail confirms having received documents from the special Malaysian task force related to 1Malaysia Development Berhad (1MDB) that alleges the channeling of funds to bank accounts owned by Prime Minister Najib Razak.

This article may finally force Najib to throw in the towel as we see his deputy and another minister asking for independent probes into the allegations raised by the financial paper.

Yes, I am completely shocked, just like everyone else. But there is also a bigger picture here that we just cannot afford to ignore. And it’s the failure of the various government institutions in the country. These institutions were entrusted to safeguard the nation’s interests.

The flow chart in the news article, showing the alleged money trail, clearly indicates that top civil servants and government bodies including regulators had played a part in this embezzlement of funds.

One powerful man has managed to pull this off, fattening his own bank balance with billions of ringgit. This is corruption and abuse of power.

All of us expected the sovereign fund to issue a denial. And they promptly did just that and said they did not transfer any money to Najib’s bank account.

However the Wall Street Journal gave a detailed account of the money trail, alleging the biggest transfers into Najib’s accounts were two deposits of USD620 million and USD61 million dollars in March 2013 during Malaysia’s election campaign, where Najib’s power was hanging by a thread.

This shows the depth of corruption amongst the various government bodies and how the prime minister, who enjoys absolute power, could manipulate the system to further his financial and political interest.

The money that has vanished belongs to the people. It was supposed to be used for the development of the country.

…more
Special Task Force findings on 1MDB must be made public
By Charles Santiago
July 6, 2015 – FMT

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All that is necessary
for the triumph of evil
is for good men
to do nothing.

- Edmund Burke
When the people
fears their government,
there is TYRANNY;
when the government
fears the people,
there is LIBERTY.

- Thomas Jefferson
Do you hear the people sing?

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