Pakatan's lies, lies and lies on 1MDB

The liar and his lies on 1MDB

In their budget, Pakatan Rakyat planned for Khazanah Nasional to dissolve and takeover 1Malaysia Development Berhad (1MDB).

This is their reaction when all it's lies about the government company have been rebutted and turned out as untrue.

To the receptive rakyat, they realised that the only thing consistent about Pakatan's relentless attacks on 1MDB is the inconsistency in their accusations and the blatant lie they tell.

And in each lie they expose themselves as liars.

It is pointless to listen and take the words of liars seriously.

Nevertheless, there is a need to explain and expose their lies so that the rakyat and nation will realise they have ulterior motive and not become victim . 

Nationalisation?

This evil man have ulterior motive

This blog's quick response to the Sinar Harian report on this aspect of their so-called budget yesterday was to describe it as "Nationalisation of 1MDB." [Read here]

It is not quite accurate but when considering the positive change 1MDB tries to put in place to bring the nation forward, Pakatan's action have the negative connotation of going backward and reverting back to a bad policy and practises of the past.

Nationalisation would also mean that 1MDB would be under the control of politicians and run in the same manner like companies run by civil servants, which is very bureaucratic. Fill in the blank as to what bureaucrasy in corporations breed. 

Read on and our claim of nationalisation would make sense.     

Pakatan's politicians intent to interfere
  
Now, why do Pakatan wants to "nationalise" 1MDB?

Pakatan claimed 1MDB duplicates the functions of Khazanah. However, they hide the fact that 1MDB is uniquely different from any other government company.

A simple check from public records will show that 1MDB is the only government company that requires its members of the board of directors to be a non-politician and non-civil servant.

This is clearly spelt out in the Memorandum of Articles and Associations lodged with the Companies Commission of Malaysia (CCM) and accessible to the public.

What do Anwar wants to dismantle?

Pakatan politicians have been talking about businesses should be free from political interferences and bureaucracy so that entrepreneurship in the private sector can prevail.

Isn’t this what 1MDB is about and a response to what the rakyat wanted and had explicitly expressed?

Since it's inception, 1MDB intended and implemented the concept of a government company operating with the same dynamism of the private sector but guided by the shareholder’s aspiration.

And at the same time, 1MDB tap on the experience and expertise of those in and outside government through it global board of advisors.

At 1MDB, the Prime Minister's involvement can only be as the Chairman of the Board of Advisors, which gives him no direct control over the Board of Directors of 1MDB. Unlike in Khazanah, the Prime Minister is the Chairman of the Board of Directors and has direct control.

Is this what Pakatan is aiming to dismantle by letting Khazanah take control of 1MDB? If not, why is Pakatan turning a blind eye on the unique difference between Khazanah and 1MDB?

How then can one say the two are the same? Similar maybe but certainly not the same and with different agenda.

Pakatan's inconsistency on KPMG

The lies about 1MDB will continue because Pakatan believe in the maxim that when you repeat a lie often enough people will accept it as the truth.

This is well documented by NPC's blogger award winner for 2012, Dave Avran here.

In the latest lie exposed, Dave pointed to the false accusation by the MP for PJ Utara that 1MDB “cooks” its book. In attacking 1MDB, YB Tony Pua attacks the credibility of KPMG, the accounting firm engaged by 1MDB.

This is the same KPMG he now calls “independent international auditors” for the Talam financial scandal.

Tony was quoted as saying the Selangor State Government under Pakatan “has taken the simple step of appointing independent international auditors KPMG to conduct a due diligence on the Talam deal immediately to ensure that the Malaysian public not only gets to hear from the state government, they have a open and transparent mechanism to evaluate the state’s competence”.

This is first or last of the consistencies by Pakatan in its obsession to kill off 1MDB. It is obvious to many that a successful 1MDB spells the beginning of the end for the old ways. It means the Government can effect positive change.

Pakatan's accounting boo boo

In 2010, Tony alleged that the RM425 million profit recorded by 1MDB had elements of 'right hand to left hand' deals implying that the FY2009/2010 financial accounts of 1MDB included the much talked about land transfer of the Sungai Besi Airbase.

However, that transfer was only made several months later in June 2011, after the financial year had ended.

Before 1MDB accounts were made public, Datuk Seri Anwar Ibrahim had confidently declared the accounts of 1MDB would never see the light of day.

When the accounts was lodged with the Companies Commission of Malaysia and accessible to the public¸ he cast further aspersions and disinformation.

He dragged 1MDB before the Public Accounts Committee (PAC), which normally deals with government companies that are losing money. Here is one company that is being penalized for making profit after profit.

PAC Chairman Datuk Seri Azmi Khalid had declared the accounts of 1MDB are “healthy and in order” without any discrepancies detected.

“Technically speaking, their (1MDB) accounts are in order. From what we can see, 1MDB has a healthy balance sheet which also shows profits for its investments,” said Azmi after chairing the PAC hearing on 1MDB at Parliament House last June.

Jealousy and envy of Pakatan

The intensity in which Pakatan is going after 1MDB raises the question what is it that Pakatan fears so much and wants to demolish?

Maybe 1MDB is doing all the right things or that it is doing all the wrong things.

Let’s consider some of the work by 1MDB.

What can be so wrong about 1MDB driving mindset change towards a high-income economy in an inclusive Malaysia? Is it wrong for 1MDB to demonstrate that indeed the federal government is capable of positive change?

Is it wrong to embrace global best practices to create a new environment rich in universal values and ethics unsuitable for any hidden agenda?

1MDB has made millions and is generous in sharing its profits with the people to provide them the opportunity to a better future, a better life. It is wrong that Pakatan wants to end all this.

It is wrong that Pakatan wants to punish the 1.5 million people who are directly or indirectly benefiting from 1MDB’s CSR projects?

Why deprive the rural folks of good healthcare through the 1Malaysia Mobile Clinics, the youth of 1MDB Dana Belia fundings? The Chinese students of a better future after their Unified Examination Certificates or deny the students of Seri Murugan Centre the opportunity to tertiary education?

Maybe Pakatan wants to blow away the future of Agama schoolchildren who are now pursuing professional qualifications to become doctors and accountants.

What about the strategic intent of its projects like building new growth nucleus through the Tun Razak Exchange, striving for a more competitive energy sector to benefit the people?

Go to Singapore and see what is happening down there!

The truth will prevail each step of the way. Until then, attacks from this liars against 1MDB will persist as a General Election looms.