Friday, July 29, 2016

Breaking the glass ceiling: Lesson for Malaysian politics

The past three mornings, we have been glued to CNN to follow the pre-election Democratic National Convention in Philadelphia. Thanks to satellite TV and Internet we can today follow LIVE an event we could only follow on American TV in America 35 years ago.

The Democrat had always appeal to us over the Republican. If we did continue grad school in Boston and work in the States, we could be taking up US citizenship like some Malaysian friends are doing now and politically be Democrat.

The sceptic usually say it makes no difference as to who is the President because it is the Israeli and big business lobbyist that determine policies. The election does not matter.

However, this year's election is different.

The election this Fall (or autumn as the Brit would call it) could elect the first woman President. After 240 years of independence in 1776, there is that chance for another glass ceiling for woman broken at the highest office in the most powerful nation in the world.

Wednesday, July 27, 2016

1MDB: SC's incompetence and too much politics

Assuming the US Department of Justice got their facts and evidence together, though it is still no guarantee to be true judging by past KARI record, part of the alleged laundered money may have originated from few bond issues.

The 1MDB bond offers was made out and subscribed. The money went into an account abroad and allegedly went all over the world, including allegedly laundered into assets purchased by the four; namely Taek Jho Loh, Riza Aziz, Khadem Al Qudaisi and Mohamed Al Husseiny.

That is what was made to be understood by DOJ's document. Surely it would not have triggered Bank Negara Malaysia (BNM). The money was raised off-shore and bulk of it did not return back to Malaysia.

By right, Securities Commission should be involved since a Malaysian government company based in Kuala Lumpur was the issuer of the bond. Usually, SC would be vetting and approving the prospectus before it is launched and marketed to investors.

SC had a role to play to ensure the condition of the bond issue, especially in aspect of the purpose, utilisation of fund, procedures, etc. are met.

Monday, July 25, 2016

MO1 is Najib, but "Sheikh" Jho Loh looks guilty

Judging from the feedback of commentators in this blog and social media, it is undeniable that "Malaysian Official 1" is Dato Najib.

The debate is no more about whether he is MO1. It should be more whether he had done something wrong or not. If he did, then he has to go and face the music. That has to be done by the process of law because Najib is not named to have his asset forfeited.

It is only the assets of Jho Loh, Riza Aziz, Khadem Al Qudaisi and Mohamed Al Hussainy are mentioned by the complainant. The filing by US Attorney General on behalf of the Department of Justice (DOJ) to the court is based on complains made by a certain party.

If the certain party has the "muscle" to lobby and get heard, DOJ will do so. The much discussed possible complainants are Dato Khairuddin Abu Hassan and maybe Clare Rewcastle Brown of Sarawak Report.

Both are politically interested parties to topple Najib on behalf of Tun Dr Mahathir.

Friday, July 22, 2016

Alhamdulillah! Kleptocracy revealed?

It must have been a relief for some.

After months of posting quotes, which was indicative of a frustrating wait and stuck to endless recycling of issues that is not attracting attention, the new development must be god-send. Has truth arrived and the end of months turning year of regurgitating rhetorics and copy and paste? 

WSJ or SR will never attract the attention. Neither did the term Kleptocrasy Asset Recovery Initiative. It sounded like KARI. Something closely associated with Geng Loceng. When a friend rang to inform that Jho Loh and his Arab associates will be rounded up by FBI, that was an attention grabber.

For few years, the suspicion had always been at Jho Loh and arrogant Shahrul. Arrogance is a convenient act to cover-up guilt and facade to push away nosy suspicious minds. Shahrul created suspicion on 1MDB in the engagement he did years ago. Only after a while, it was scaled down to only him and that fat chai. Riza is something new. Maybe FBI finally managed to connect the dots.

Must say this development is a "Alhamdulillah". As any Muslim should, be it good or bad times, we should always say All Praises to Allah.

Who could "Malaysian Official 1" be? [3rd up-date: 7:30 AM]

The WSJ report published 4 hours ago (as at 7:30 AM Malaysian time) claimed "Malaysia Official 1", which was referred to 32 times in the filing by the Prosecutor from the Justice Department to the US court last night, to be Prime Minister, Dato Najib.

However, they did qualify that his name was not mentioned in the filing:
Mr. Najib isn’t named in the filings, which were made public Wednesday, and he isn’t directly accused by U.S. prosecutors of any wrongdoing. But there are 32 references in the complaint to “Malaysian Official 1,” who allegedly received hundreds of millions of dollars in funds siphoned from 1Malaysia Development Bhd.

A person with direct knowledge of the investigation said “Malaysian Official 1” is Mr. Najib. Descriptions of the official in the filings include information about Mr. Najib’s position at 1MDB along with other identifying details.
Hmmm ... WSJ.

However, we are not taking their sort of reporting as confirmed yet. In fact, an earlier WSJ newsbreaker used convenient spinning phrases like "unknown what assets will be seized, "assets tied to 1MDB (but not specifically 1mdb's assets)", "according to people familiar with the matter" and "The people say the investigation is still continuing".

This blog's educated guess, which was stated in an April 2015 posting, remain on Taek Jho Loh and first CEO, Dato Shahrol Hilmi [see postings for April 2015 here and April 2016 here].

Our Whass App group has some 500 outstanding message to read and it will take sometime, but in one group of quite "knowledgeable and informative" members, one suspicion of the suspect is 1MDB's former Chief Investment Officer, Nik Faisal. 

Let's wait and see.

Wednesday, July 20, 2016

DAP Civil War

In 1912, China overthrew the last emperor of the Qing Dynasty. The anti-monarchist and nationalist revolution led by Dr Sun Yat Sen ended the warlord era.

Dr Sun's revolution received funding from the Soviet Union, which at the same time funded both the Kuomintang (KMT) and Communist Party of China (CPC). A lesson to be learned on having foreigners involved in any internal disputes.

That eventually led to a split in the revolutionary rank and civil war broke out between KMT and CPC. Successor to Dr Sun, General Chiang Kai Shek led the KMT and Mao Tse Tong for CPC. The war was not only about power and personality but also ideological.

Between 1927 to 1950, there was a halt in 1932-333 and the two warring faction came together to fight against the Japanese invasion in late 1937. Although the battle cease by 1950 and Communist technically won, it never officially ended. It only resulted with the existence of two China; mainland Peoples' Republic of China and Taiwan's Republic of China.

If DAP's current internal strife or Civil War prolongs, it could possibly emulate a similar outcome.

Tuesday, July 19, 2016

Joceline Tan, Mahathir's new party and Shafie

Before pursuing the subject of this posting. we like to express support for Joceline Tan as expressed by bloggers such as Bujai, Helen Ang, etc.

Yes Joce, Lawan Tetap Lawan.

Though the basis of Lim Guan Eng's lawsuit is wrong allegation, he could have just denied and put up a rebuttal. His intention is to block The Star from writing anything negative about him.

And, to cover up on his biggest fear that was mentioned in the third last para below:
Stories about a Penang-born fund manager based in Hong Kong and his links with Penang politicians have also begun to circulate in a way that seem to point to something big in the making. 
Heard of it for a year already and hinted in this blog.

If only the law enforcement people can piece it together and investigate. Obviously detractors did not read the fine print and if they did, they would not have known. Yet Tony Pua was talking away without realising it. Opps hint hint ....

It is just an example of how issues raised against government can politically be turned around. It is better to be factual, righteous and if possible, pragmatic.

Same in the case with the new political party announced by Tun M.

My Say