21
Jul
17

The Economist: Strange no one found responsible in Malaysia over 1MDB deals

The Economist: Strange no one found responsible in Malaysia over 1MDB deals

Report questions why PKR’s Rafizi Ramli is the only person so far with a conviction related to 1MDB.

KUALA LUMPUR: It seems odd, an article in The Economist says, that given the zeal of Malaysia’s watchdogs and corruption-busters, they have yet to find anyone responsible for the disappearance of billions of dollars from 1MDB.

It noted that government investigators in the US had applied to seize around US$1.5 billion worth of assets and items bought with money they say was siphoned from the firm.

It said a court in Singapore this week sentenced a banker to four-and-a-half years in jail in connection with the scandal, and Swiss investigators were also on the case.

“But Malaysia has convicted only one person: a whistle-blowing MP who leaked documents relating to the affair and who belongs – would you believe it? – to an opposition party.”

The article was referring to the 18-month jail term meted out to the PKR’s Rafizi Ramli by the Sessions Court in November last year over two charges of leaking a classified 1MDB audit report.

IMDB has consistently denied there has been any embezzlement.

The article said “Undemocratic”, “gerrymandered” and “fix-up” were good words to describe Malaysian politics, dominated since independence by Umno.

“So it was a bit rich for the prime minister’s spokesman to employ them when smearing a big opposition group this month. On July 7, the national registrar (of societies) confirmed that it had detected irregularities in a leadership ballot which the Democratic Action Party (DAP) conducted almost four years ago, and said it would be asking the party to re-run the poll.”

It said DAP’s supporters saw this as an effort to sow discord among the opposition, ahead of a general election due by next August.

The article said critics of Umno were used to run-ins with the authorities.

Anwar Ibrahim had been jailed for sodomy and lately, the article said, the police had “taken an interest” in DAP secretary-general and Penang Chief Minister Lim Guan Eng. Lim is awaiting trial on two charges of corruption.

…more
The Economist: Strange no one found responsible in Malaysia over 1MDB deals
July 14, 2017 – 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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