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Thursday, May 21, 2015

1MDB Financial Scandal: Malaysia’s DPM Muhyiddin breaks rank with his Boss Najib


ambrin-buangCOMMENT: It is time for DPM Muhyiddin to make his stand on 1MDB and stop playing UMNO politics. Listen to the angry voices of Malaysians  who are united in wanting answers to the 1MDB scandal. They want to know why the inept and weak Prime Minister is playing games.
They need some explanation from the Auditor-General, Tan SriAbu Kassim Ambrin Buang, why he has not released his report since he was directed  three months ago by the Prime Minister to conduct a full “no stones unturned” investigation into the affairs of 1MDB. They also expect the Malaysian Anti-Corruption Commission to commence its investigation and stop using Tunku Abdul Aziz to give excuses via the mainstream media for failing to do so .
Both these agencies are thoroughly dysfunctional. If the Auditor-General and the MACC Chief Commissioner are unwilling to do their jobs, they should do Malaysians a favour. Just resign and go play golf for the rest of their lives.
Yes, RM42 billion–not a mean sum– is not missing, as the Prime Minister says. But Malaysians want, and have to right, to be told what happened to the funds and why this sovereign fund is now technically insolvent; they expect to be informed what plans are in place to resolve its financial woes, apart from what has been done now through garage sales of its assets to cash rich GLCs like Tabung Haji in order to pay its creditors.
Here the Governor, Bank Negara Malaysia has failed to do her duty as financial advisor to the government and protector of financial integrity of the banking system. She must resign for allowing local and international banks to lend huge amounts of money to 1MDB.
More importantly, Malaysians expect to  be advised of what will lodin-wok-kamaruddinhappen to the 1MDB Chairman and Directors who have failed to do their fiduciary duty diligently, and its management  team led by a certain Mr. Arul Kanda Kandasamy for dereliction of professional responsibility.
The Sarawak Report, The Edge Magazine disclosures, and the revelations by former Prime Minister Tun Dr.Mahathir Mohamad, and Parliamentarians Tony Pua and Rafizi Ramli can no longer be ignored. These are not figments of their imagination.
The continued failure of 1MDB to meet its debt obligations will create ripple effects throughout the economy by undermining public and international investor confidence in Malaysia. The Deputy Prime Minister is correct in demanding an end to this hide and seek games that are being played by Prime Minister Najib Razak. But how far will Muhyiddin go. Will he demand the Prime Minister’s resignation? That is the question all Malaysians want answered.–Din Merican

1MDB Financial Scandal: DPM Muhyiddin breaks rank with his Boss Najib

The government may have repeatedly told the public to wait for the completion of the audit of 1Malaysia Development Berhad (1MDB) before passing judgement, but a leaked video has revealed the country’s No 2 is not on the same page.
In a leaked video depicting a closed-door meeting between Muhyiddin and UMNO grassroots in Pahang last week, the Deputy Premier said the authorities must wait no longer.
“We have to take action, we cannot be: ‘Nevermind, give a bit more time’. No!” he said exasperatedly.
The event was believed to have taken place at UMNO’s training centre in Janda Baik last Saturday, just a day after 1MDB urged the public to wait for the outcome of the Auditor-General’s Department’s audit.
“We request that no one should prejudge the matter without thorough facts, ahead of the reviews being made public,” said the company in a statement.
This was echoed by Prime Minister Najib Abdul Razak on Sunday, a day after Muhyiddin’s speech inDPM at UMNO Pahang Janda Baik, through his “frequently asked question” article posted on his blog.
“It is unfair for certain politicians to convict the government in the court of public opinion before the facts are presented by the authorities which are the auditor-general and bi-partisan Public Accounts Committee,” said Najib.
The seven-minute video was uploaded yesterday by former New Straits Times editor Firdaus Abdullah.
The video appeared to have diverted attention from Parliament today, where Najib presented the 11th Malaysia Plan, as journalists swarmed Muhyiddin about the leaked video, which he confirmed to be authentic.
“Those were views aired behind closed doors… It is my view and those of my political colleagues to better understand (the issue),” he said.
DPM moves differently behind closed doors
Muhyiddin, who is UMNO Deputy President, merely smiled when asked how Najib had reacted to the what he said in the video, replying: “It’s nothing, focus on my (present) statement”.
The video also gave a closer look at who Muhyiddin is when he speaks to UMNO leaders behind closed doors, as he spoke in a frank and Prime Minister-like manner.
Muhyiddin, who often comes across as dull and monotonous in public, displayed his ability to work the grassroots as he cracked jokes and emphasised how UUMNO needed to deal with its public image with regards to 1MDB.
In his speech, Muhyiddin joked that UMNO members were trying to act smarter than they actually were, but then continued in a firm tone declaring that his stance on matters such as 1MDB.
“On issues like this, I am convinced then if it is unresolved, it will be the straw on the camel’s back,” said Muhyiddin, who emphasised his point with uncharacteristic animated hand gestures.
Najib did not appear in the video clip, but other top UMNO leaders present clearly seen were Home Minister Ahmad Zahid Hamidi, Deputy Finance Minister Ahmad Maslan and Pahang Menteri Besar Adnan Yaakob.

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