1MDB and the US gov’t – what comes next?

1MDB and the US gov’t – what comes next? COMMENT Some people were surprised when I said that the US government’s seizure of assets – condos, mansions, hotels, and art work – all of which were purchased with money stolen from 1MDB and the Malaysian people – was only the beginning. It’s true. There’s lots…

Lamenting 1MDB

Lamenting 1MDB The damage from Malaysia’s latest financial scandal runs deep. Here’s how it will impact politics in the long-term. The beans have been counted, the (foreign) prosecutors have stripped off their gloves, and the convoluted flowcharts have been pasted across the blogosphere. 1 Malaysia Development Berhad, better known as 1MDB, has once again lifted…

‘SRC money used for anti-ageing hormones, home renovations’

‘SRC money used for anti-ageing hormones, home renovations’ Funds diverted from former 1MDB subsidiary SRC International had allegedly been used to pay for beauty products and home renovations, claimed Sarawak Report. The whistleblower, in a statement, said it had obtained leaked documents of the Malaysian investigations into 1MDB, proving these allegations. It claimed that the…

Hundreds of Malaysian protesters call for 1MDB arrest – AlJazeera

Hundreds of Malaysian protesters call for 1MDB arrest Protesters demand proper investigation into disappearance of millions of dollars from state investment fund. Hundreds of demonstrators have marched in the streets of the Malaysian capital to protest against alleged government corruption, calling for the arrest of an unnamed high-ranking official after million of dollars went missing…

How to fill RM28 billion hole at 1MDB?

How to fill RM28 billion hole at 1MDB? QUESTION TIME Desperate people are dangerous people – not just to themselves but to all of those around them. The more powerful you are when you are desperate and the more influence you have, the more dangerous you are to more and more people. What dangerous, despicable…

Constitutionally, Najib needs to resign

Constitutionally, Najib needs to resign COMMENT In any democracy, resignation or calling for the government to resign is no big deal. It is indeed part and parcel of the democratic process. From the citizens’ point of view, they have every right to have a government that is free from any doubts over its legitimacy and…

1MDB not directly involved in DOJ law suits? Don’t take Malaysians for fools!

Najib should not take Malaysians for fools or simpletons in declaring that 1MDB not directly involved in DOJ law suits as without 1MDB there would be no DOJ legal action for forfeiture of over US$1 billion MDB-linked assets in United States I am most shocked that the Prime Minister, Datuk Seri Najib Razak had said…

WSJ: US subpoenas Goldman Sachs for documents on 1MDB dealings

WSJ: US subpoenas Goldman Sachs for documents on 1MDB dealings Goldman Sachs Group Inc has reportedly been subpoenaed by the United States authorities for documents related to dealings with 1MDB The Wall Street Journal (WSJ) today, citing a person familiar with the matter, said under the subpoenas, the bank is providing documents to the investigators.…

1MDB and Deloitte may have breached the Companies Act 1965

1MDB and Deloitte may have breached the Companies Act 1965 The statement by Deloitte and 1MDB that the audited financial statements of 2013 and 2014 of 1MDB can no longer be relied upon poses a very serious question of whether both accounts in the respective years were properly audited by Deloitte. Audited accounts under the…

Report: Wife claims Justo was tricked to confess

Report: Wife claims Justo was tricked to confess The wife of former PetroSaudi International employee Xavier Andre Justo has been reported claiming she believes he had been tricked into confessing his crimes by his former colleagues, in an attempt to protect themselves and their associates. In a lengthy expose by UK’s The Guardian, Laura Justo…