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Showing posts with label Corrupt. Show all posts
Showing posts with label Corrupt. Show all posts

BR1M and cattle mentality

Nik Aziz Nik Mat's analogy may be harsh but he has
spoken the truth: BR1M is far from the uthopian aid
the BN government makes it out to be.
Never asssume the obvious is true – William Safire, American grammarian and writer
The prime minister and his deputy are livid with their nemesis, a spiritual adviser who dared criticise the federal government’s one-off cash handout scheme, Bantuan Rakyat 1Malaysia (BRIM) or 1Malaysia People’s Aid.
BR1M debuted last year, with the federal government budgeting RM2.6 billion to be given out to the country’s 4.35 million deserving homes whose monthly income is RM3,000 or less.
Pleased with the rakyat’s applause, Barisan Nasional decided to take the safest way out in winning the people’s trust by playing the one and only game it knows best – money politics – and decided to continue the BR1M assistance.

Taib: The man who would be king

By Mariam Mokhtar
Sarawak Chief Minister Taib Mahmud is in effect, already king. To his right, sits his “arm-candy” wife. All that is missing from the royal portrait are the jewelled crown, the ermine robes, the coat of arms, sceptre and orb.

Spread before the wannabe king and his consort, is his kingdom – Sarawak – which is both blessed and cursed with an abundance of natural resources; blessed because it has the means to benefit the Sarawak people; cursed because the riches serve to benefit only one man – Taib.

Buy the election, not by-election

Dr Jeffrey is quite upset that Anwar is currently engaged in negotiations with a few Barisan Nasional leaders about the possibility of them jumping after the next general election. This would mean the opposition would have to ‘give way’ to these people and allow them to win the elections. That would be one issue. The second would be: what if after they win they change their minds and decide not to jump after all because Barisan Nasional has counter-offered a higher price?


THE CORRIDORS OF POWER
Raja Petra Kamarudin
The Federal Hotel in Kuala Lumpur was the first international-class hotel to be built in Malaysia -- then called the Federation of Malaya. It was, in fact, built purposely for the Merdeka (Independence) celebrations and opened for business just three days before Merdeka of 31st August 1957. 

It was said that Low Yat, a rags-to-riches junk dealer turned millionaire, built the hotel at the request of the First Prime Minister of independent Malaya, Tunku Abdul Rahman. Stories were told about how Yow Yat used to cycle around Kuala Lumpur collecting old bottles, and thereafter made his millions from his humble beginnings. 

An independent report by Morgan Stanley economist on corrupt Malaysia

A Morgan Stanley economist estimated Malaysia lost US$100 billions, that is equivalent to RM300 billions (not millions) to corruption. Time Magazine quoted this economist at Morgan Stanley in Singapore as saying that the country might have lost as much as US$100 billion since the early 1980s or the period since Mahathir came to power. FYI, RM300 billion = 300,000, 000 million. A  stupendous sum that is at the same time, mind-numbing.
 
A. The staggering losses accumulated over the years since Mahathir's era till now are as follows: Perwaja RM10 billion. Forex fiasco in early 90s RM30 billion. mid-80s Maminco scandal RM1.6 billion. Incessant Bank Bumiputra Scandals RM10 billion. STAR-LRT bailout RM3.256
billion. RM38.5 billion compensation to UMNO-linked highway companies. KL City-wide Putra transport system RM4.486 billion. PKFZ 12 billion. Bank Islam RM700 million. MV Agusta & Proton RM 348 million. Wang ehsan, oil royalty for Terengganu RM7.4 billion. Even KLCC Twin Towers Philharmonic Orchestra swallowed a total of RM500 million. Bailouts of Malaysia Airline

Salleh: No need for Musa to quit

Sabah Umno is firmly behind Chief Minister Musa Aman
who is facing 'whispers' within Barisan Nasional to
step down over money-laundering allegations.
KOTA KINABALU: Sabah Umno has brushed off calls for Chief Minister Musa Aman to step down from his post while investigations continue into undeclared money worth hundreds of millions of ringgit in bank accounts said to be linked to him.
Musa’s deputy chief in Sabah Umno, Salleh Said Keruak, when contacted, said: “Musa is doing a good job for Sabah and there are leaders who are power-crazy and jealous of his achievement.”
Salleh, who is also the Sabah State Legislative Assembly Speaker, and a former chief minister himself, was speaking after outspoken local politician, Daniel John Jambun, of the State Reform Party (STAR), called on Musa to step down as he is embroiled in what appears to be an international banking scandal that has caught the attention of Prime Minister Najib Tun Razak.

Musa’s ‘dubious wealth’ questioned again


By K. Pragalath 
PETALING JAYA: Accusations of corruption against Sabah Chief Minister Musa Aman are mounting. He has been linked with illegally selling off native land and logging since 1996 and there are allegations that he has more than US$90 million in banks in Zurich, Switzerland and Hong Kong.
These “revelations” were first highlighted by news portal Sarawak Report and now PKR is asking the chief minister to declare his assets.
“Musa must make a full asset declaration soon on his assets including assets and properties stashed in foreign bank accounts in his and his immediate family members’ names to prove whether there is an iota of truth in these allegations,” said three PKR MPs and a Sabah PKR leader in a joint statement last night.

Malaysia in 5th place for illicit financial flows from developing countries over the decade ending 2009

The Developing World lost US$903 billion in illicit outflows in 2009, despite the massive financial crisis which rocked the global economy in late 2008. The capital outflows stem from crime, corruption, tax evasion, and other illicit activity.
 
The report finds that the the vast majority of the drop from US$1.55 trillion to US$903 billion was due to a decrease in volumes of international trade, foreign direct invest, and new external loans, rather than any government action. From 2000 to 2009, developing countries lost US$8.44 trillion to illicit outflows.
 

No Cabinet decision – Shahrizat still safe

The deputy premier reveals that the Cabinet did not
make a decision on whether the embattled
minister should quit.
SHAH ALAM: There is no Cabinet decision on the fate of embattled minister Shahrizat Abdul Jalil, said Deputy Prime Minister Muhyiddin Yassin today.

The women’s affair, community and children development minister is facing growing calls to quit over the RM250 million National Feedlot Centre (NFC) scandal.

“No, no,” Muhyiddin told reporters when asked if the Cabinet had decided if the Umno Wanita chief should resign or be removed.

‘It’s really unbelievable; Taib’s family controls S’wak’

By Jessica Dacey
Swiss-based Bruno Manser Fund's revelations of
Sarawak Chief Minister Taib Mahmud's billion dollar
business empire is not going to let-up in 2012.
After two decades of environmental campaigning for Malaysia’s Penan tribe (in Sarawak) the Bruno Manser Fund (BMF) is stepping up its fight against local political corruption.

BMF remains one of the few non-Malaysian organisations still campaigning on behalf of the Penan, an indigenous people living in some of the world’s most biodiverse forests in Sarawak on the island of Borneo.

Two-thirds of its forests have been destroyed in recent years for logging or to build palm oil plantations.


Shahrizat: Tell me which Umno leader is not corrupted?

We are all corrupted!
Amid signs that Prime Minister Najib Razak's Umno party was fast unraveling, hit by massive graft and infighting amongst its top leadership, the Malaysian Anti-Corruption Commission has announced that a special team would be formed to investigate claims that Umno minister Shahrizat Jalil's family had squandered public funds allocated to the RM250 million NFC cattle livestock project on personal items and luxurious assets.

However, instead of appeasing public anger, all eyes are now on the drama at play in Umno. While Shahrizat has hinted she was ready to quit, it is unlikely that she will allow herself to be railroaded or be made an easy scapegoat of by her own party mates.


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