10
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16

What will it take for Najib to resign?

What will it take for Najib to resign?

COMMENT The US Department of Justice (DOJ) in its affidavit presented last week stated that certain individuals and companies misappropriated more than US$3.5 billion from 1MDB, a public trust agency of the Malaysian government.

The most damning accusation was against ‘Malaysian Official 1′ for receiving RM2.6 billion 1MDB funds into his three personal accounts of a local bank.

Who is this ‘Malaysian Official 1′? It does not take rocket science to know that this was none other the Prime Minister of Malaysia, Najib Abdul Razak, and the chairperson of the 1MDB board of advisers.

Why did the US Justice Department initiate this investigation? For the simple reason that the money defrauded from Malaysian taxpayers was used by certain individuals with well-placed connections in Malaysia to invest and buy properties in the US for their personal and family benefits.

The US government disapproves and considers it illegal if money from 1MDB was misappropriated and laundered in the US in the form of investments and purchase of properties.

The US would investigate and take actions, whether civil or criminal against, individuals or corporations found engaging in this illicit money transfer, money-laundering and investments that are contrary to good commercial practices.

It is immaterial whether the charges against those who defrauded the Malaysian public are civil or criminal. It seems that Najib should not take delight in the fact that he was not named and that civil proceedings might shield him from prosecution.

The revelation by the US Department of Justice is not something new. A few months back the Wall Street Journal came up with alleged evidence to implicate Najib, his stepson and many others who were allegedly involved in the shady 1MDB deals.

Contrary to Najib’s defence, the funds that flowed into his private accounts were not from any Arab donors or philanthropists but money allegedly derived from 1MDB but re-entered the country through his private accounts from some offshore accounts. Accounts allegedly created to defraud the Malaysian public.

Given this incontrovertible exposure, it is surprising that Najib adamant in not resigning from his post. While some of his close colleagues in Umno are coming to his defence, however, in the face of the evidence unearthed by the US government, arguments in support of Najib are falling flat. In fact, there is no argument at all to sustain him in office.

…more
What will it take for Najib to resign?
P Ramasamy
24 July 2016 – malaysiakini

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

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there is TYRANNY;
when the government
fears the people,
there is LIBERTY.

- Thomas Jefferson
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