That Dog won’t hunt!

Fourth Prime Minister Tun Dr Mahathir Mohamad admitted he is the Pakatan Harapan Mongrel, which indirectly is giving away that he would come in as the “Seventh Prime Minister” in the event the Opposition wrest power and an abstract actually being the sledge dog powering the Chinese Chauvinists of DAP to come into power.

The Star story:

Tuesday, 18 July 2017 | MYT 5:24 PM

Dr M: I’m top dog in Pakatan Harapan

PUTRAJAYA: Tun Dr Mahathir Mohamad said he is the “top dog” in Pakatan Harapan by virtue of his appointment as chairman of the Opposition coalition.

“I am one of the leaders but it is agreed that I am the chairman. I will chair the presidential council and to a certain extent in the hierarchy in Pakatan, I’m a top dog there, lah,” he told a press conference at the Perdana Leadership Foundation here Tuesday.

Dr Mahathir, who is also Parti Pribumi Bersatu Malaysia chairman, was replying to a question whether his position was equivalent to that of prime minister designate.

The veteran statesman was recently appointed Pakatan chairman, with his former nemesis, PKR adviser Datuk Seri Anwar Ibrahim, named the de-facto leader and PKR president Datuk Seri Dr Wan Azizah Wan Ismail the president.

Dr Mahathir had reportedly said that the everyone in the pact was “equal among each other”.

Pressed further, Dr Mahathir said a country could not have three prime ministers at the same time.

“Now, there’s only one prime minister. There’s a need of a leader to lead the respective parties,” he said, adding there was no problem between him and Dr Wan Azizah in terms of hierarchy.

“Even in Pribumi, we have a chairman and a president, who is Tan Sri Muhyiddin Yassin. But have you seen us fighting with each other? No,” he said.

Earlier at the press conference, Dr Mahathir challenged Prime Minister Datuk Seri Najib Tun Razak to a debate, adding it could serve as an opportunity for both of them to clear their names.

The Nothing To Hide 2.0 debate was proposed to be held on Aug 13 in Shah Alam.

Read more at http://www.thestar.com.my/news/nation/2017/07/18/mahathir-mohamad-top-dog-in-pakatan/#21boFGTF52kUB4PR.99

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On 14 July 2017, Dr Mahathir made the call during a media conference for Pakatan Rakyat and announced the ‘New Structure of High Council’.

Top nine out of twelve Pakatan Harapan High Council positions are the Malays. The Chinese, both representative of DAP, only have two seats. None from PKR.

It is very suspicious because the Chinese Chauvinist party contributed 42% of Pakatan Harapan MPs. To be exact, 30 out of 88 MPs are DAP of Chinese ethnicity. This is the drama to front the Malays, to realise power.

 

Pakatan Harapan High Council

It is the fact that DAP has almost exhausted its ability to amass votes from the Malaysian Chinese. Any increase of votes for them would not translate to additional Parliamentary seats they can garner.

Hence, for the Chinese Chauvinists DAP to come to power, they need the Malay votes.

At large, the Malays are very suspicious and distrust the DAP, for the explicit reasons of their glaring Chinese Chauvinism, Anti-Malay and Anti-Islam traits for the past half a century.

His Majesty the King wouldn’t accommodate Tun Dr. Mahathir at arms with the Opposition, particularly his nemesis for 49 years Lim Kit Siang and DAP

DAP never made attempt to dispel this and their traits are urban legend, demonstrated too many times all over Malaysia.

These Chinese Chauvinists DAP needed the right ‘Trojan Horse’ to penetrate into the Malay hinterland votes. They tried but failed to get it through Anwar Ibrahim nor PAS, since 10 GE in November 1999.

Dr. Mahathir is the perfect opportunity to realise that. In his personal vendetta and massive bruised ego to topple Prime Minister Dato’ Sri Mohd. Najib Tun Razak, the third Barisan Nasional Chairman fostered a working relationship and announced it prior to his ‘Deklarasi Rakyat’ March 2016.

PAS splinter, rejected and dejected leaders formed Parti Amanah Rakyat (PAN), which  never had the ability to garner the Malay votes. In fact, they are struggling to win over the support of PAS supporters and sympathisers.

The Kedah born “Recalcitrant” politician even tried to sell his ‘Deklarasi Rakyat’ lemon to then His Majesty Seri Paduka Yang DiPertuan Agong XIV, who is also HRH Sultan Abdul Halim Muadzam Shah of Kedah, to oust Prime Minister Najib.

When cornered by journalists, he caveated his earlier masked statement about assuming to be the “Seventh Prime Minister”.

In last Friday’s media conference, Dr. Mahathir spoke about sexual deviant convict Anwar Ibrahim to be the “Eight Prime Minister”. He even revealed the plan on how the PKR de facto leader, to come back into mainstream politics.

The Rakyat especially the Malays would not be easily hoodwinked by seemingly compulsive liar Dr. Mahathir with his perpetuated lies and drama again.

More over, he is now a Chinese Chauvinists DAP puppet and trying to sell the Malay out by using his clout as a Statesman would no longer sell, despite he managed to get some of the majority sown into hatred against Prime Minister Najib, UMNO and BN.

Then again, in the heat of then the unresolved 1MDB woes the Malays were put to the test and prevailed.

*Updated midnight

 

 

 

 

 

Published in: on July 18, 2017 at 21:00  Comments (4)  

Modern Rakyat Transportation

Prime Minister Dato’ Sri Mohd. Najib Tun Razak officially launched the Mass Rapid Transport SBK route from Sungei Buloh to Kajang this afternoon, making a landmark of moving Malaysia forward and Lembah Klang a more liveable and productive urban area.

Astro Awang story:

MRT Sungai Buloh-Kajang opens today, benefits 1.2 million people

MRT Sungai Buloh-Kajang opens today, benefits 1.2 million people

Prime Minister Datuk Seri Najib Abd Razak and wife Datin Seri Rosmah Mansor during the launch of the MRT SBK line at the Tun Razak Exchange Station today. – Astro AWANI / SHAHIR OMAR

KUALA LUMPUR: The launching of the second phase of the Mass Rapid Transit (MRT) Sungai Buloh-Kajang (SBK) line today might just change the lives of some 1.2 million people staying near the facility around Klang Valley.

Prime Minister Datuk Seri Najib Razak said apart from saving time and cost, the world class infrastructure system also acts as a catalyst of change for the people.

He said around 400,000 commuters are expected to use the 51 km route every day.”A four-coached train will be able to give a comfortable ride to some 1,200 commuters. Imagine the space needed if each and every one of them continue to use their own vehicles to commute to work.

“If the commuters were to leave their cars at home and take the train, imagine the empty space that we could have on the roads, and vehicle owners could also save time and cost,” he said after launching the new route at the Tun Razak Exchange Station here today.

Apart from offering free rides along the MRT SBK line today, Najib also announced a 50 per cent discount on the fares for the MRT, LRT and Monorail services for all users from tomorrow to Aug 31 in conjunction with the independence anniversary of the country.

The SBK line has 19 stations and will start operations at 4pm today. It will also have seven transit stations to existing rail services.

This project also could have a positive effect on the environment because 160,000 vehicles in the Klang Valley were expected to be off the roads, thus reducing 752,000 tonnes of carbon dioxide emission annually.

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The 51 km line, which part completion from Sungei Buloh to Semantan was opened since 16 Dec 2016, is the answer to reduce 160,000 vehicles entering the Kuala Lumpur city limits.
There 19 stations along the SBK line where seven of them are underground. The fully air-conditioned and all the necessary amenities underground stations are designed to move 1200 passengers for each train set comprises of four carriage, at the interval of 3-4 minutes during peak time.

At the moment, there is even 4G Maxis line connectivity in the underground stations, which include the deepest of all, the TRX station at 44 metres below road level (14 floors).
It is very modern and unsurpassed compared to any global system of equivalent.
The Star story:

Monday, 17 July 2017 | MYT 3:56 PM

Najib: Malaysia’s MRT is world class

image: http://www.thestar.com.my/~/media/online/2017/07/17/05/05/mrtnajib.ashx/?w=620&h=413&crop=1&hash=F881EC05E04AB2978FBF36564F7F628AF0A81181

KUALA LUMPUR: Datuk Seri Najib Tun Razak said he was told Malaysia’s MRT is better the MRTs in London, New York and Hong Kong and at par with that of Singapore.

The Prime Minister said he had spoken to someone who had travelled on other MRTs and the man said Malaysia’s system is among the best in the world.

“I said, let’s try to do a ranking of MRT stations to find out where we stand in the world? The person said we are better than London, we are better than New York, we are better than Hong Kong, and we are at par with Singapore,” said Najib said in his speech when launching Phase Two of the Sungai Buloh-Kajang (MRT SBK) line here.

Najib did not reveal the identity of the man, but said that he felt enormous pride and personal satisfaction over the completion of the MRT project.

“As Malaysians, we can stand tall today that we have a world class project for the people. We are seeing not just the MRT but the shape of the future of Malaysia before our eyes,” Najib said.

Read more at http://www.thestar.com.my/news/nation/2017/07/17/najib-malaysias-mrt-better-than-london-new-york-hong-kong/#EMvqgteDEGU0ReQG.99

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The MRT SBK line is very strategic because it passes high density suburban areas through the city centre and back into suburban areas.

It origins from Sungei Buloh, Kota Damansara, Damansara Utama-Taman Tun Dr. Ismail, Section 16, Bangsar-Damansara Heights through the heart of the city such as KL Central (through Muzium Negara), Merdeka Statdium, Bukit Bintang, Tun Razak Exchange (TRX) and all along the highly congested road of Kuala Lumpur-Kajang, passing through major Tamans.

Along the SBK route, there are 40 institution of education and 40 malls within five hundred yards of the stations.

It is the cheapest transportation system in the country where Prasarana would charge the rate of 10 sen per kilometre. A journey from Stadium Kajang to the city is now for RM3.80, for travel time of 34 minutes, anytime of the day.

 

 

 

Published in: on July 17, 2017 at 16:00  Comments (1)  

M(ahathir’s)otley Crew

Fourth Prime Minister Tun Dr. Mahathir Mohamad mocked Malaysian democracy by naming the sexual deviant convict Anwar Ibrahim as the ‘Great Leader’ (Ketua Umum) of the revamped motley crew of the Opposition Pakatan Harapan to be the ‘Eigth Prime Minister’ when they come to power, failing to name the ‘Seventh’.

Pro-Opposition portal Malaysiakini story:

Anwar, Dr M on top of Harapan’s finalised line-up

8 comments     Published Today 12:29 am     Updated Today 1:45 am

Pakatan Harapan has finalised its coalition logo and leadership structure, after months of negotiations.

PKR de facto leader Anwar Ibrahim will be the coalition’s de facto leader while Parti Pribumi Bersatu Malaysia (Bersatu) chairperson Dr Mahathir Mohamad will be Harapan chairperson.

The following is the coalition’s leadership line up:

  • De facto leader: Anwar Ibrahim (PKR)
  • Chairperson: Dr Mahathir Mohamad (Bersatu)
  • President: Dr Wan Azizah Wan Ismail (PKR)
  • Deputy presidents: Muhyiddin Yassin (Bersatu), Lim Guan Eng (DAP), Mohamad Sabu (Parti Amanah Negara)
  • Vice presidents: Azmin Ali (PKR), Mukhriz Mahathir (Bersatu), Chong Chieng Jien (DAP), Salahuddin Ayub (Amanah)
  • Treasurer: M Kulasegaran (DAP)
  • Secretary: Saifuddin Abdullah (PKR)

The decision was announced by Dr Mahathir at a press conference following the coalition’s meeting at the PKR headquarters in Petaling Jaya just after midnight today.

He was flanked by Harapan party leaders, each holding the coalition’s new logo.

Mahathir said the coalition will finalise other details in its constitution before submitting its registration to the Registrar of Societies in about a week’s time.

Harapan was supposed to have finalised its structure months before, in order to register the coalition with the Registrar of Societies (ROS).

However, the decision was postponed in order to obtain feedback from PKR de facto leader Anwar Ibrahim over Parti Pribumi Bersatu Malaysia’s proposal.

Bersatu had reportedly made concessions agreeing that Wan Azizah would be the president of Harapan instead of Muhyiddin.

However, Bersatu was adamant that Mahathir should be made chairperson.

‘Announcing the 8th PM’

Asked if this means Anwar will be the coalition’s prime minister candidate, Mahathir said a pardons process will be pursued by the coalition once it comes into power.There will be an interim prime minister before Anwar, he said, because the legal process for Anwar to re-enter politics could be a long one.

Asked who will be the interim PM, Mahathir said an announcement will be done later.

“We will announce who the seventh PM will be, but today we will only announce the eighth one,” he said.

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It is clear evidence that the four Opposition parties are unable to get their act together to even offer one single candidate if their coalition unholy-marriage-of-(in)convenience-between-backstabbing-strange-bedfellows wins the mandate of the Malaysian voters and comes to power.

It is also a strong suggestion that amongst themselves, they have a deep distrust on the personality that should be the person to lead the charge in the void currently on the irrevocable conviction of the sexual felon Anwar Ibrahim.

Pakatan Harapan is unable to name a shadow Prime Minister because their own party members, supporters and sympathisers would revolt against a name personality.

Let alone the fence sitters.

 

This is glaringly clear because each top leaders of the parties that make the composition of Pakatan Harapan are defective, have skeletons in the closets and still going around with baggages.

Wan Azizah of PKR is a personality of poor leadership, no vision, lack of ideas and in all almost all circumstances she had been in, she is disoriented, delusional or completely lost of any bearing.

She admitted on global tv that she is willing to be a ‘seat warmer Prime Minister’ if the Opposition comes to a point of commanding the Dewan Rakyat.

Sacked Deputy Prime Minister and Deputy UMNO President Tan Sri Muhyiddin Mohd, Yassin is someone who is unable to even get support of his own party and the recent rebellion within PPBM is enough to demonstrate how weak a leader he is and not able to command his own people.

Muhyiddin also been proven to be a distrusted deputy who conspired to topple his own Boss upon PPBM Deputy President Dato’ Seri Mukhriz Mahathir’s testimony in court yesterday.

Astro Awang story:

Mukhriz admits Dr M, Muhyiddin had plans to topple Najib

Mukhriz admits Dr M, Muhyiddin had plans to topple Najib

Mukhriz filed the suit on May 3, 2016, claiming that Tengku Sharifuddin had issued two statements of a defamatory nature against him in April of that year.

KUALA LUMPUR: Former Kedah Menteri Besar Datuk Seri Mukhriz Tun Dr Mahathir today admitted that his father and former Prime Minister Tun Dr Mahathir Mohamad and former Deputy Prime Minister Tan Sri Muhyiddin Yassin had plans to topple Prime Minister Datuk Seri Najib Razak.

“I agree that my father tried to topple Najib and this plan started not in 2015 but much earlier, in 2014,” he said in his testimony in the High Court here.

Mukhriz, 52, who is deputy president of the opposition Parti Pribumi Bersatu Malaysia (PPBM), was responding to a question from counsel Datuk Seri Jahaberdeen Mohamed Yunoos during cross-examination in the defamation suit brought by Mukhriz against Datuk Seri Tengku Sharifuddin Tengku Ahmad, the press secretary to the Prime Minister.

Asked by the lawyer whether he agreed that Dr Mahathir and Muhyiddin conspired to topple Najib, plaintiff Mukhriz said: “I do not want to use the word conspiracy, but they had a similar intention.”

 

Mukhriz said the matter was public knowledge, especially among Malaysians, and it had also circulated on social media and the mainstream media.

Mukhriz, who acknowledged having contested the vice-presidency when he was in UMNO, agreed with Jahaberdeen that in UMNO politics the post of vice-president was regarded as key to eventually becoming the prime minister.

He also agreed with the lawyer that he had contested for and won a post in the UMNO Youth executive committee, lost in the contest for the post of UMNO Youth chief and lost in the contest for a post of UMNO vice-president.

The state assemblyman for Ayer Hitam, Kedah, said he had no intention of becoming prime minister when he contested for a post of UMNO vice-president.

Earlier, Mukhriz, in his witness statement presented to the court, said the media statements issued by defendant Tengku Sharifuddin had tarnished his reputation in the eyes of the public.

Mukhriz, who was represented by counsel Mohamed Haniff Khatri Abdulla, was the first witness on the first day of the hearing of the suit.

Mukhriz filed the suit on May 3, 2016, claiming that Tengku Sharifuddin had issued two statements of a defamatory nature against him in April of that year.

He claimed that the statements implied that Dr Mahathir and Muhyiddin conspired in a malicious campaign to topple a legally elected government and that the plaintiff was still involved directly in the plot of Dr Mahathir and Muhyiddin.

The hearing before Judge Datuk Ahmad Zaidi Ibrahim continues tomorrow.

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Mat Sabu who was a rejected and dejected PAS leader is simply an uneducated clown, who earn very little respect of the Malaysian public.

Penang Chief Minister Lim Guan Eng is a scandalous leader who is undergoing trial for criminal charges of corruption.

Third Barisan Nasional Chairman Dr. Mahathir also lost credibility and integrity when he finally admitted that he ‘Flip-Flop’ped on Anwar Ibrahim.

The Malay Mail Online:

Thursday July 13, 2017
08:07 PM GMT+8

In an interview, Tun Dr Mahathir Mohamad withdrew his previous rejection of Anwar and said he would not stand in the way of the latter becoming prime minister if Pakatan Harapan wins the general election. — Picture by Yusof Mat Isa

 

In an interview, Tun Dr Mahathir Mohamad withdrew his previous rejection of Anwar and said he would not stand in the way of the latter becoming prime minister if Pakatan Harapan wins the general election. — Picture by Yusof Mat Isa

KUALA LUMPUR, July 13 — Tun Dr Mahathir Mohamad today admitted to the turnabouts on matters such as his views on Datuk Seri Anwar Ibrahim, but denied he did so from fear of being prosecuted.

The former prime minister wrote on his blog to claim today that his paradigm shifts were instead motivated by his desire to challenge those whom he accused of stealing from the country.

He also said his turnabout on Anwar was not his first, saying he had done so “long before” he finally agreed to support the latter to become prime minister, despite previously saying that Anwar must never rise to the position.

“In the effort to destroy the demon, I found common ground with the parties opposed to Umno and BN (Barisan Nasional).

“I found common ground with Anwar Ibrahim. I found that Anwar and me can work together after I had made my U-turn,” he wrote on his blog today.

In an interview with British media, Dr Mahathir withdrew his previous rejection of Anwar and said he would not stand in the way of the latter becoming prime minister if Pakatan Harapan wins the general election and Anwar somehow secures a royal pardon for his second sodomy conviction.

Days later, however, Dr Mahathir appeared to shift again, when he was reported by The Star Online news portal as disputing his reported support for Anwar to become PM.

Dr Mahathir and Anwar had been considered irreconcilable foes until their recent “reconciliation”, and political rivals promptly seized on the volte-face to accuse the former prime minister of abandoning any remaining principles in his quest to remove Datuk Seri Najib Razak as prime minister.

Dr Mahathir’s son, Datuk Seri Mukhriz Mahathir, testified in court today that his father has been working to remove Najib since 2014.

Critics also accused Dr Mahathir of seeking to reconcile with Anwar to prevent the latter from implicating him in Bank Negara Malaysia’s foreign exchange scandal from the late 80s to early 90s, which is now the subject of a Royal Commission of Inquiry.

The former prime minister today claimed that the RCI was not formed to investigate the losses that have been estimated to be as much as RM30 billion, but to silence critics of the Najib administration.

Since leaving Umno after failing to unseat Najib, Dr Mahathir has shifted his position on various matters, such as embracing opposition party DAP and its leaders whom he had attacked and reviled as recently as during campaigning for Election 2013.

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The offer to Malaysian voters for an interim blurrish and disoriented Prime Minister in the process of trying to deconvict a sexual felon, to come to power should be seen as nothing but a political insult of unimaginable proportions.
This is pure politics, they are attempting to shove down the Malaysian voters’ throats. A convicted sexual deviant is supposed to be a better Prime Minister for Malaysia after his blurrish and disoriented leader of a wife stand in.
This against a Prime Minister who has proven to lead the nation out of the stiffest global economic challenges, increased real economic growth per capita, rationalised subsidies and rolled out strategic projects to bring the whole nation to move forward together without any communities in any region being isolated.
The charge of ‘A Government of Kleptocracy’ is a fallacy which the Opposition is unable to prove despite intense use and co-operation of foreign media lambasting a series of rabid accusations without hard evidence.
On top of that these ‘complaints’ filed based on stories with fabricated and unsubstantiated evidence tendered as ‘proofs’ by agents of the Malaysian Opposition leaders concocted and filed with foreign authorities, to paint the ugly lie of the people and nation are being victimised through the ‘ring of international kleptocracy practices’.
In the final analysis, the motley crew of personalities with far from having pristine track record as politicians and public servants, in deep distrust of and against each other trying to sell lemons which are already been disproven. Instead, they are to be unsubstantiated compounded packs of manipulations and lies shoved into the treats of Malaysian voters, as alternative to a system which already worked so well.
Published in: on July 14, 2017 at 02:00  Comments (4)  

WM 11 Versus PNB 11

Dalam keghairahan ketamakan mencari kemenangan politik sementara melalui ‘sensasi lima minit media’, kedapatan veteran wartawan-menjadi-hartawan yang hilang kedudukan relevannya, bertindak untuk masyarakat terus mencemuh dan makin memandang rendah beliau.

Satu masa lampau Media Baron Dato’ A Kadir Jasin kini sebagai politikus Pembangkang cuba ‘mengeruk neraka’ dengan memaparkan berkenaan Permodalan Nasional Berhad (PNB) membida beberapa no. plet pendaftaran  melalui proses biasa tender terbuka Jabatan Pengangkutan Jalan (JPJ),

Kadir juga secara rendah etika dan semangat kepertanggung jawaban (unscrupulous) memaparkan perbualan WhatsApp peribadi beliau dengan Pengerusi PNB Tan Sri Abdul Wahid Omar berkenaan pembidaan no plet pendaftaran.

Walaupun digambarkan persoalan dan perbualan dengan Tan Sri Wahid ialah persoalan “keperluan untuk PNB melaburkan sejumlah wang untuk mendapatkan 25 no.plet pendaftaran tersebut”, yang sebenarnya dikaburi dan muslihat yang tidak berapa licik.

Majlis Pimpinan Teringgi Parti Pribumi Bersatu Malaysia

Ianya sebenarnya mempunyai agenda politik yang tersirat dan untuk mengukuhkan serangan kepada institiusi Kerajaan dalam usaha menimbulkan keresahan dan meniriskan keyakinan rakyat kepada Kerajaan Memerintah.

Hakikatnya, PNB mempunyai tabung lain yang dibezakan dari tabung utama bagi tujuan pelaburan, penjanaan pulangan dan pengkukuhan pasaran melibatkan syarikat-syarikat tersenarai dimana PNB mempunyai pegangan saham strategik, penguasaan atau pelaburan.

Kadir juga memaparkan Wahid menjelaskan dalam perbualan mereka bahawa pembidaan no. plet tersebut bertujuan termasuk sebahagian dari usaha ‘penjenamaan’ (branding), terutama bagi kenderaan yang sering berkunjung merata negara.

Ianya sebahagian missi antara lain meningkatkan kefahaman masyarakat, mengemaskan kinikan maklumat bagi mereka yang berada diakar-umbi dan mendekati masyarakat, terutama dikalangan 13 juta pelabur dalam 10 skim yang ditawarkan PNB.

Kos untuk membida dan mendapat 25 no. plet pendaftaran ini melalui tender terbuka biasa JPJ sebenarnya RM419,060.00. Ianya bukanlah perbelanjaan hangus kerana sebenarnya kesemua no. plet pendaftaran ini sekarang milik proprieti PNB dan dirakamkan sebagai asset dalam kunci kira-kira.

Paling penting, selepas ini PNB berhak menjual mana-mana antara no. plet pendaftaran ini terutama sekiranya ditawarkan dengan harga pasaran yang lebih tinge dari harga bida. Malah, ianya sebahagian dari amalan industri permotoran dimana no. plet. yang telah dimiliki, dijaja dalam pasaran terbuka.

Kadir juga cuba menyindir no. plet pendaftaran yang baru dimiliki PNB bukan untuk kenderaan PNB bagi tujuan “penjenamaan”, malah “kita tengok siapa akan guna nombor PNB1 atau PNB11 itu – sang dewa atau dewi penghuni kamar eksekutif atau cawangan ASB bergerak?”.

Hakikatnya, Tan Sri Wahid sebagai seorang Akauntan Berkanun yang mempunyai pengalaman meluas sebagai pemimpin korporat dipelbagai syarikat tersenarai dan industri dan juga Menteri Kabinet menjalani hidup dalam keserdahanaan.

Beliau kini menggunakan Proton Perdana bernombor plet W8D, ehsan dari Kerajaan Persekutuan setelah lengkap berkhidmat sebagai Menteri Kabinet sepanjang satu penggal Dewan Negara.

Kembali kepada tabung berasingan dari tabung utama dimana wang pelaburan. Tabung PNB ini adalah lebih RM40 billion nilainya dan diluar dari tabung bernilai RM226 billion, dimana pelaburan terkumpul lenin 13 juta pendeposit dan penyimpan melalui 10 skim unit amanah yang diperkenalkan semenjak Amanah Saham Nasional pada 1981.

Tabung PNB ini ialah dimana pelaburan selain dari sekuriti kewangan dibuat, seperti pembelian hartanah. Hartanah merupakan antara pelaburan PNB yang memberikan pulangan lumayan, terutama nilai terkumpul dan pasaran, lenin-lebih dilokasi estrategia seperti Kotaraya London.

Kadir seolah-olah naif dan tidak paham realiti untuk mensensasikan dan mengaharapkan cerita pembidaan no.plet pendaftaran ini sebagai skandal terbaru, sebenarnya bukanlah wartawan biasa yang meningkat sehingga menjadi Ketua Pengarang Kumpulan sebuah akhbar terbesar dinegara.

Tahun 1992, beliau bersama tiga orang lain, Nazri Abdullah, Mohd. Noor Mutalib dan Khalid Abdullah menguasai Realmild Sdn. Bhd., sebuah syarkat betmodal dua Ringgit yang menguasai Kumpulan NST dan Sistem Televisiyen Malaysia Bhd. (TV3), melalui Malaysian Resources Corporation Bhd.

Rasanya, tidak perlu untuk membangkitkan disini bagaimana beberapa orang wartawan dan pengurusan kanan sebuah kumpulan akhbar mampu untuk menguasai sebegitu besar syarikat dan bagaimana pembiayaan berjaya dilakukan.

Namun apa yang lebih penting ialah sebagai Media Baron, Kadir dikatakan menggunakan NST untuk mendapatkan no. plet pendaftaran ‘WM11’. Alasan yang digunakan masa itu ialah “Penjenamaan” juga.

Amat menarik untuk mengetahui apa berlaku kepada no. plet pendaftaran itu sekarang.

Kadir yang suatu masa lampau seorang wartawan dan pengarang yang disegani dan hormati, sejak dewasa ini makin terdesak semenjak menjadi politikus melalui MPT Parti Pribumi Bersatu Malaysia.

Beliau makin terjebak dengan ‘politik longkang’, yang sememangnya berniat jahat telah secara langsung menjatuhkan kedudukan beliau sebagai wartawan yang dihormati.

Posting yang bermula dari perbuatan Kadir sendiri troll di Facebook mereka yang menghadiri Rumah Terbuka PNB Selasa 5 Julai 2017, kini dijadikan posting blog pula.

Ramai mencurigai tindakan mengkontroversikan dan mungkin mencari peluang untuk menjadikan pembidaan no. plet pendaftaran PNB ini sebahagian dari strategi Pembangkang untuk menimbulkan keresahan, mengikis keyakinan rakyat dan membangkitkan kebencian terhadap Perdana Menteri Dato’ Sri Mohd. Najib Tun Razak.

Sekaligus, ianya serangan peribadi kepada Tan Sri Wahid dan usaha untuk meniriskan keyakinan rakyat terhadap seorang akauntan berkanun yang amat berjaya sebagai pengurus professional, sepanjang kerjaya beliau.

 

Anak kelahiran Johor Bahru, hasil kebanggan sistem MRSM dan Dasar Ekonomi Baru itu telah berjaya membawa transformasi sepanjang 15 tahun ini menggurus syarikat strategik seperti UEM, Telekom Malaysia, Maybank dan Menteri Kabinet yang bertanggung jawab mengenai hal ehwal EPU dan strategi bagi program keusahawan Bumiputera.

Kepimpinan mantap dan strategi telah terbukti bagaimana UEM menyelesaikan dan menyusun semula hutang dan TM berjaya dibezakan antara perniagaan teras, berpotensi maju dan antarabangsa dimana Axiata Bhd. telah lahir.

Laporan The Star:

Tuesday, 28 March 2017

More restructuring for PNB after value of companies rise by RM20bil

image: http://www.thestar.com.my/~/media/online/2017/03/28/02/49/wahid-pnb.ashx/?w=620&h=413&crop=1&hash=A85B92FBADA0A74D3475F1B9B002C65A029B9F7E

In describing his plan of “building a distinctive world-class investment house”, PNB group chairman Tan Sri Abdul Wahid Omar (pic) said he wants to see PNB investee companies go back to their core activities.(Permodalan Nasional Bhd (PNB) group chairman group chairman Tan Sri Abdul Wahid Omar (right) speaking to reporters at a briefing on PNB’s 2016 annual review on Monday March 27.)

In describing his plan of “building a distinctive world-class investment house”, PNB group chairman Tan Sri Abdul Wahid Omar (pic) said he wants to see PNB investee companies go back to their core activities.(Permodalan Nasional Bhd (PNB) group chairman group chairman Tan Sri Abdul Wahid Omar (right) speaking to reporters at a briefing on PNB’s 2016 annual review on Monday March 27.)

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) will continue to unlock value in its companies, encouraged by the RM20bil rise in market value of its six main listed entities.

In describing his plan of “building a distinctive world-class investment house”, PNB group chairman Tan Sri Abdul Wahid Omar (pic) said he wants to see PNB investee companies go back to their core activities.

He alluded to more restructuring taking place to create more “pure play” companies within the PNB stable.

“We would like our investee companies to focus on their core activities.

“For example, plantation companies focusing on improving their yields and extraction rates, as opposed to looking at other areas,” he told reporters at a briefing on PNB’s 2016 annual review yesterday.

Wahid reckons that the announced demerger plans for Sime Darby Bhd and UMW Holdings Bhd had excited the market. This, in turn, has contributed to a rise in the market value of its six main listed companies by RM20bil since the beginning of the year.

The said companies are Malayan Banking Bhd, whose market capitalisation has increased by 9.6% or RM8.1bil, and Sime Darby by 16% or RM8.8bil, while UMW has gained 34.4% or RM1.8bil, Chemical Company of Malaysia Bhd has soared 71.6%, SP Setia Bhd has jumped 11.5% and MNRB Holdings Bhd has seen its market value upped by 20.7%.

It should be noted that the local stock market has gained more than 6.3% since the beginning of the year, after three years of consecutive declines.

“The focus is on fundamentals. We want to grow our investee companies’ profits so that it reflects on their dividend payouts,” Wahid said.

Meanwhile, PNB president and group CEO Datuk Abdul Rahman Ahmad said the restructuring of PNB’s investee companies would unlikely involve divestment of stakes by the investment fund.

“There is no intention to reduce our stakes. We are very invested in the domestic public equity market.

“What we hope to achieve is enhance the value of our investee companies,” he said.

Abdul Rahman, who was made PNB CEO last October and who was previously the head honcho of national private equity firm Ekuiti Nasional Bhd, explained that value creation in companies could involve mergers and acquisitions or the spin-off of non-core assets. He added that some companies may need cost-cutting initiatives or to grow organically.

On PNB’s investment strategy, Abdul Rahman said that PNB was looking to increase its investment allocation to overseas assets, but would revisit the plan when the ringgit stabilises.

“Now is not the right time to invest abroad,” he said.

In 2016, PNB’s asset under management grew by 4.7% to RM266.51bil. The largest fund-management firm in the country paid a total of RM15.3bil in net income to its unitholders last year, which was 2.9% lower than a year earlier, dragged by the broader weakness in the local equity market performance.

A total of 98.2% of PNB’s investment is in Malaysia, while the remainder 1.8% is overseas. Some 69% of its asset allocation is in equities, 3% in private equity, 4% in fixed income and 3% in property. It has some 20% lying around in cash.

On the 2017 outlook, Wahid said PNB is bullish on its outlook for the stock market this year backed by global growth, stability in the ringgit and improvement in export activities.

“This is despite the expectations of rising US interest rates and continuing volatility in commodity prices,” he said.

According to PNB’s projections, Malaysia’s economic growth would likely pick up to 4.4% this year from 4.1% in 2016.

On the implementation of PNB’s six-year strategic plan, Wahid said it had already started early this year.

The plan, dubbed the “Strive-15 Strategic Plan 2017-2022”, was announced last year after both Wahid and Abdul Rahman took up PNB’s top management roles.

The plan aims to deliver sustainable and competitive returns for PNB’s unitholders.

“Since the announcement of the plan last November, our strategic companies such as Sime Darby and UMW have announced demerger exercises.

“We hope these would excite the market and support corporate growth in Malaysia,” Wahid said.

During the briefing, PNB announced an income distribution of more than RM1.5bil for five of its funds.

It has declared an income distribution of 6.0 sen per unit for Amanah Saham Malaysia (ASM) and 6.5 sen per unit for Amanah Saham Bumiputera 2 (ASB 2) for the financial year ending March 31, 2017.

The income distribution for ASM and ASB 2 involves a total payout of RM1bil and RM384.7mil, respectively.

Read more at http://www.thestar.com.my/business/business-news/2017/03/28/more-restructuring-for-pnb-companies/#ipg08W9xWpVeo1sE.99

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Baru-baru ini, nilai pasaran (market capitalisation) Maybank mencecah RM100 billion. Ini bukti kepimpinan dan strategi mantap yang Tan Sri Wahid unjurkan sebelum 2013, yang menunjukkan hasil sekarang.

Amat menarik, 48% pegangan saham dalam Maybank merupakan skim-skim unit amanah dibawah PNB. Seara singkat, pelabur dan pendeposit skim unit amanah PNB memiliki hamper RM50 billion nilai pelaburan.

 

Ini berbanding dengan Kadir, yang mendapat Realmild dengan mudah pada 1992 dan kemudian ‘bercerai’ dari Kumpulan NSTP hampir lapan tahun kemudian dengan membawa Berita Publishing Sdn. Bhd. pula, yang dikatakan sebuah syarikat media yang mempunyai 100 kakitangan.

Hari ini, syarikat penerbitan begitu banyak majalah ternama seperti Malaysian Business, Jelita, Anjung Seri, beberapa buah buku dan sebagainya itu sudah gulung tikar.

Hakikatnya, usaha malang seorang wartawan veteran yang gagal sebagai pemain korporat cuba dengan taktik kotornya untuk menjatuhkan imej sorang pemimpin korporat dan pengurus professional seperti Tan Sri Wahid, telah gagal.

 

Chartered Accountant turned investment banker turned professional turnaround manager turned corporate restructurer turned banker turned economic minister. Now, Chairman of an investment fund of RM270 billion

Mungkin Kadir patut kembali memohon agar Dr Mahathir, yang pernah ‘menghidangkan  dua buah-buahan (peluang) dalam dulang perak’ kepada beliau untuk memberikan satu lagi peluang.

Amat penting seorang pemimpin media yang begitu dihormati satu masa yang tidak lama lampau, menebus kembali sebarang maruah yang basi setelah beliau melumurkan selut dimuka sendiri.

*Dikemaskini 800pm

Kenyataan Pengerusi PNB Tan Sri Abdul Wahid Omar mengenai penulisan Kadir:

Assalamualaikum wbt & salam sejahtera,

Saya dengan segala hormatnya merujuk kepada tampalan blog Datuk A Kadir Jasin 8 Julai 2017 berkenaan pembidaan nombor pendaftaran kenderaan siri PNB. Izinkan saya memberikan pencerahan berkenaan isu yang disebutkan.

1. Sebagai seorang ahli korporat, saya percaya bahawa penjenamaan korporat itu adalah penting untuk memperkukuhkan penambahbaikan secara fundamental sesebuah organisasi. Ini berdasarkan prinsip atau falsafah “Form without substance will not get you anywhere. But when you combine form with substance, you will go a long way”. Falsafah korporat ini telah saya laksanakan dengan jayanya semasa menerajui Kumpulan UEM-Renong (2001-2004), Telekom Malaysia (2004-2008) dan Maybank (2008-2013).

2. Saya berbesar hati kerana telah diberi kepercayaan untuk menerajui Kumpulan PNB sebagai Pengerusi Kumpulan pada 1 Ogos 2016. Saya dan Dato’ Abdul Rahman Ahmad yang telah dilantik sebagai Presiden & Ketua Eksekutif Kumpulan telah membentangkan Pelan Strategik PNB 2017-2022 pada 26 November 2016. Pelan ini mensasarkan PNB menjadi sebuah firma pelaburan distinktif bertaraf dunia dengan 3 teras strategi utama iaitu i. Meningkatkan Pulangan Secara Mapan; ii. Memacu Kecemerlangan Operasi dan iii. Pengurusan Pelaburan Berkesan . Pasukan PNB sedang giat melaksanakan Pelan Strategik ini dan Alhamdulillah, reaksi awal pasaran amat memberangsangkan dimana nilai pasaran 6 syarikat-syarikat strategik PNB telah meningkat sebanyak RM31 bilion untuk 6 bulan pertama 2017. Pasukan PNB juga telah berjaya melaksanakan migrasi sistem teknologi maklumat (IT) semasa cuti Hari Raya Aidilfitri baru-baru ini yang membolehkan transaksi unit saham amanah ASB/ASN, dll dilakukan tanpa menggunakan buku simpanan lagi. Ini telah memudahkan lagi pelabur untuk berurusan dengan ASNB.

3. PNB telah ditubuhkan pada tahun 1978 dan bakal menyambut ulangtahun ke 40 pada tahun hadapan 2018. Kami sedang dalam perancangan untuk memperkukuhkan jenama PNB. Kebetulan siri nombor kenderaan “PNB” ditawarkan oleh JPJ untuk bidaan pada bulan April 2017. Kami telah memohon daripada Menteri Pengangkutan supaya 25 siri nombor PNB (1,2,3,8,10,11,18,20,30,50,60,70,80,90,100,111,118,200,300,400,500,600,700, 800 & 900) dikhususkan kepada PNB tanpa pembidaan. Walaubagaimanapun kami telah diminta oleh JPJ untuk membida nombor-nombor tersebut seperti umum. Jumlah bidaan adalah RM336,059 berdasarkan purata bidaan nombor siri PMY,PMX dan PMW. Ia telah ditingkatkan kepada RM419,006 untuk memastikan PNB mendapat kesemua 25 siri nombor tersebut (purata RM16,760 untuk satu nombor). Nombor-nombor tersebut adalah untuk kegunaan kenderaan-kenderaan rasmi Kumpulan PNB termasuk cawangan ASNB bergerak, kenderaan Hotel-hotel PNB Perdana, PNB Merdeka 118, dll.

4. Kami membuat keputusan berdasarkan apa yang kami fikir terbaik untuk PNB dalam jangkamasa panjang. Nombor-nombor tersebut bakal menjadi aset jenama PNB dan pembayarannya dibuat secara langsung kepada JPJ tanpa melalui mana-mana agen atau pihak ketiga. Untuk makluman, dana RM419,006 datangnya dari dana milik PNB yang berjumlah RM40 bilion bukan dari dana milik pelabur-pelabur ASNB yang berjumlah RM226 bilion. Jadi, pembelian nombor-nombor tersebut tidak akan menjejaskan pulangan kepada pelabur-pelabur sama sekali.

5. Untuk pengetahuan, Alhamdulillah saya selesa menggunakan kereta nasional Proton Perdana sebagai kereta rasmi dengan nombor pendaftaran W8D. Nombor tersebut adalah satu manfaat yang saya perolehi semasa berkhidmat sebagai Menteri di Jabatan Perdana Menteri (2013-2016). Sebagai seorang daripada keluarga miskin yang telah diberikan pendidikan dan biasiswa di bawah Dasar Ekonomi Baru, saya amat terhutang budi kepada Kerajaan dan Negara Malaysia. Sebab itulah saya bersedia berkhidmat selama satu penggal dan membuat yang terbaik mengikut kemampuan saya.

6. Saya bersama-sama Ahli-ahli Lembaga Pengarah PNB, Dato’ Rahman dan barisan pengurusan PNB akan terus menjalankan amanah yang telah diberikan kepada kami demi kepentingan PNB, 13 juta pelabur-pelabur ASNB dan negara kita Malaysia. Sokongan berterusan rakan-rakan semua amat kami hargai.

Terima kasih & salam hormat.

AWO. 08.07.17.

 

 

 

 

Published in: on July 8, 2017 at 13:30  Comments (2)  

Lemau dan Masuk Angin

Dr. Mahathir bergambar dengan jemaah di Masjid Acton selepas Sembahyang Sunat Hari Raya Aidil Fitri, yang dipercayai terdiri dari pelajar Malaysia

Perdana Menteri ke IV Tun Dr. Mahathir Mohamad semakin tiris modal politik dan terpaksa meraih perhatian semasa musim Hari Raya Aidil Fitri ini kerana tidak lagi relevan dalam arus perdana politik Malaysia.

Dalam posting blog Che Det berkenaan ‘BerHari Raya di London’, jelas beliau semakin terdesak kerana tiada idea baru dan modal drama, tohmahan, fitnah dan dusta selama hampir 30 bulan ini dalam impian dan agenda menjatuhkan Dato’ Sri Mohd. Najib Tun Razak hakikatnya gagal.

Para ketiga sendiri menunjukkan Dr. Mahathir seorang hipokrit, kerana beliau sendiri tidak melakukan apa yang diungkap berkenaan khutbah sembahyang sunat Hari Raya Aidil Fitri di Acton, Barat Laut London.

“Menyeru kepada kehidupan orang Islam seperti yang dikehendaki agama Islam – iaitu berbaik-baik sesama orang Islam dan juga dengan bukan Islam”.

Sepanjang 30 bulan ini beliau berbohong, memfitnah dan menghasut agar orang Islam membenci Perdana Menteri Najib. Ini termasuk dalam bulan Ramadan baru ini. Beliau terus-terusan menghasut dan berburuk sangka, dengan jelas niat politik jahat.

Ini tidak terkecuali mengecam orang Cina dalam MCA, walaupun parti itu pernah menyelamatkan karier politik Dr. Mahathir sendiri.

Maka itu, beliau berjaya mengekalkan mengekalkan kuasa selepas undi masyarakat Cina kepada Barisan Nasional kukuh semasa orang Melayu membelakangkan UMNO pasca episod pemecatan Anwar Ibrahim.

Presiden UMNO ke V itu memang jelas kelihatan makin terdesak, dengan andaian yang bermaksud menghasut rakyat Malaysia untuk menolak Barisan Nasional.

Dakwaan Dr. Mahathir pelajar Malaysia di United Kingdom terutama sekitar London takut dan mengelakan dii dari berdampingan dengan beliau kerana kesan tindakan mereka adalah meleset. Seperti mana biasa, tiada bukti.

Beliau sendiri menukilkan bahawa pelajar Malaysia tersebut tidak bertanyakan hal ehwal politik Malaysia.

Ianya jelas satu lagi fitnah kerana mana mungkin penaja mereka termasuk wakil Kerajaan di Pejabat Edu Malaysia beribu pejabat di Malaysia Hall akan ada butiran mengenai siapa bertanya apa, terutama pasca Sembahayang Hari Raya Aidil Fitri.

Hakikatnya, amalan biasa pegawai beribu pejabat di Malaysia Hall akan bersembahyang di Queensborough Terrace, Bayswater.

Sekiranya pelajar-pelajar ini membuat kunjungan dimana Dr. Mahathir menginap semasa di London secara rahsia, ianya lagi tidak diketahui. Sesungguhnya, beliau akan tinggal di tempat yang dijamin keselamatannya dan tidak boleh diakses, tanpa kebenaran.

Perkembangan ini termasuk faktor ucapan, kenyataan dan tulisan beliau adalah jelas bahawa Pengerusi BN ketiga semakin terdesak dan politik kepalsuan dan berpaksikan agenda peirbadi, nafsa dan ego ini makin tidak laku dan terpinggir,

Sekiranya tuntutan agama Islam agar umat Muhammad S.A.W. menggunakan kemulian Ramadan dan Syawal ini untuk bertaubat, bermaafan dan mengekalkan silaturahim terutama dikalangan sesama Islam yang bersaudara, diketepikan, malah sebaliknya terus dipetingkatan.

Maka hakikatnya secara prinsipnya Dr. Mahathir akan mengkhianati segalanya, demi kuasa, agenda peribadi dan keangkuhan dengan tafsiran sendiri akibat tidak akur kepada apa-apa sempadan.

Ini amat menyedihkan bagi seorang Negarawan yang akan berumur 92 tahun dalam seminggu lagi dan pernah satu tempoh lampau berjasa dan melakukan banyak transformasi kepada negara dan rakyat Malaysia.

Sesungguhnya biskut Hari Raya yang sangat sedap dan istimewa ramuan, rasa dan rupanya itu akan sampai satu ketika menjadi lemau dan masuk angin. Masa itu, ianya layak menjadi dedak binatang berbanding sajian tetamu terutama yang dimuliakan.

 

 

 

Published in: on July 2, 2017 at 23:30  Comments (4)  

Living On A Prayer

The partiality of media is apparent when it is selective in their stories about a flight from a very ‘friendly’ low cost carrier, when the mitigating matters could probably witness the worst air disaster in Malaysian aviation history.

The Star story:

Sunday, 25 June 2017 | MYT 5:43 PM

Perth – Kuala Lumpur AirAsia X flight turns back due to technical issues

PETALING JAYA: AirAsia X flight D7237 bound for Kuala Lumpur from Perth, Australia has returned to Perth Airport due to a “technical issue”.

AirAsia X in a statement on Sunday confirmed that the flight “landed safely” at 10am (Perth time), about three hours after it departed with 359 passengers on board.

“Passengers were attended to by our ground staff upon landing and all necessary assistance are being provided,” said AirAsia X.

It added that airline engineers are taking precautionary steps to check the aircraft.

“Guests on board the flight will be transferred to the next available flight or the recovery flight which is scheduled to depart Perth at 20:30 hours (Perth time) tonight,” said the airline in a Sunday statement.

“The safety of our guests is our utmost priority,” it said.

Passenger Sophie Nicolas who was on board the flight told Australian publication PerthNow that she heard a small explosion from the left wing.

“You could tell by the cabin crew’s reaction that it was really bad,” she told PerthNow.

She said the captain then announced the plane would be returning to Perth.

“He said ‘I hope you all say a prayer, I’ll be saying a prayer too and let’s hope we all get back home safely. It was terrifying,” said Nicolas.

Read more at http://www.thestar.com.my/news/nation/2017/06/25/air-asia-x-flight-turns-back-perth/#MPSThhx4Bs3Lf51Z.99

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There are many issues arisen from the incident. Especially for an aircraft which has been in operations for less than two years.

The latest fleet of AirAsia A330s use Rolls Royce Trent 700 engines.

Considering the aircraft and engines are very new, it is a major global aviation interest how did the blades of the port side engine blew off mid flight when she is levelled flying 90 minutes away northeasterly over South Indian Ocean towards Kuala Lumpur.

What is more astonishing, the aircraft shook violently on the turn back towards Perth.

The Star did not even carry the story about the aircraft could be grounded for months, to the rare incident for such a new aircraft.

NST story:

The Australian Transport Safety Bureau (ATSB) said the investigation report on AirAsia X Flight D7237, will be released in several months.

KUALA LUMPUR: An AirAsia X airplane grounded in Perth, Australia after it was forced to turn back to the city’s airport following an engine malfunction while en route to Kuala Lumpur, may take several months to be cleared for release.

In a statement, the Australian Transport Safety Bureau (ATSB) said the investigation report will be released in several months.

Flight D7237, which was flying on Sunday morning with 359 people on board, was about 90 minutes into the journey when the problem surfaced.

“As a result of an in flight engine fault, the aircraft was subjected to moderate airframe vibration. The flight crew elected to return to Perth,” read the statement posted on ATSB’s website.

The bureau said it will be interviewing personnel involved, examining the engine damage, and downloading and analysing data and cockpit voice recorders.

Deputy Transport Minister Datuk Abdul Aziz Kaprawi said that the probe will involve the manufacturers of the aircraft’s engine (Rolls Royce), adding that there will be a thorough investigation not only of AirAsia planes, but other airlines which use the same engines as those on the A330 aircraft (flight D7237).

Aziz added that a preliminary report submitted by AirAsia to the Department of Civil Aviation shows that the airline had followed all mandatory maintenance and procedures required of the engine.

He said that AirAsia has been instructed to give its full cooperation to the ATSB in its investigation.

DCA director-general Datuk Seri Azharuddin Abdul Rahman said the airline will be providing a full status report after the ATSB wraps up its investigation and the airline has fully addressed the issue.

The engine must also be replaced before the aircraft returns to Malaysia, once the ATSB has wrapped up investigations.

Aviation expert Professor Dr Mohd Harridon Mohamed Suffian said roping in the manufacturer in the investigation is a good idea, as the ATSB had reported that Rolls Royce engines for Airbus have a propensity for similar issues, based on statistical analysis.

Harridon cited reports that one of the blades in one of the aircraft’s turbines had broken off.

“This would have caused an imbalance to the engine, and this in turn would have caused the engine to constantly and intensively vibrate. Even though the engine had been shut down, the turbine would keep rotating due to the windmill effect, as the aircraft is moving at a high speed of 300 knots on average.

“The windmill effect is akin to blowing high gusts of wind into the turbine and this wind causes the turbine to rotate. There were a couple of incidents within these couple of years regarding turbine blade failure in Rolls Royce engines, and some of them due to the fact that a particular batch of turbine blades were deformed materially during the manufacturing process,” he said in an interview with the New Straits Times yesterday.

Dr Mohd Harridon said that investigators must look at, among others, what took place during the flight to establish the cause of the turbine blade breaking off.

He also stressed that there should be thorough checks on the airplane’s maintenance records to establish if the proposals noted down after the checks had been followed.

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The Star is noticed to have failed to highlight that AirAsia X and AirAsia have into past lost their Airline Operating Certificate (AOC) believed mainly due to non compliance, which include failure to update the operating manual.

The Sun story:

Air Asia X investigating cause of AirAsia X-D7 237 incident (Updated)

PETALING JAYA: AirAsia is currently conducting an investigation with its aircraft engine manufacturer Rolls-Royce in finding the cause of the incident involving AirAsia X flight D7 237 which forced the plane to turn back following technical difficulties near Perth, yesterday.

In a statement, today, the low-cost carrier said it is also cooperating fully with the Australian aviation authorities.

“The safety of our guests and crew is of utmost importance to us.

“We would like to stress that AirAsia Group has always strictly followed the maintenance programme prescribed by our manufacturers,” it said.

AirAsia stressed that the airline also complied with all regulations and requirements as set forth by every country where the airline operates, including Australia.

“In Australia, AirAsia Group has also regularly passed safety and security
audits conducted by the local aviation authorities.”

The airline group has also initiated the process of undergoing voluntary Iata Operational Safety Audit (Iosa) auditing for all airlines within the group, including AirAsia X Malaysia, AirAsia X Indonesia and AirAsia Indonesia, with AirAsia X Malaysia receiving two Iosa audit certificates in 2015 and 2016.

The AirAsia X flight heading to Kuala Lumpur was forced back to Australia on Sunday morning due to a technical problem, with one passenger saying the plane was “shaking like a washing machine”.

The Airbus A330 aircraft from Perth to Kuala Lumpur experienced problems about 90 minutes into the journey.

According to other reports from the Australian media, several passengers had recorded the video of the aircraft, described as “shaking like a washing machine”, while the pilot made the announcement asking everyone on board to pray on the way back to Perth.

The aircraft eventually landed safely, with Perth Airport reporting a “technical issue”.

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The incident was made worse with the stupid and highly distasteful remark by a failed politician Dato’ Zaid Ibrahim, who attacked the Captain who encouraged passengers to say a prayer as he commandeered the aircraft back to its origin.

The Star which is a media group where the principal officer of the AirAsia Group Tony Fernandes sit in the BoD, chose to highlight the AirAsia X CEO Dato’ Kamaruddin Meranun’s attack on Zaid’s obvious faux pas.

The Star story:

Tuesday, 27 June 2017 | MYT 7:59 PM

AirAsia X Group CEO hits back at Zaid Ibrahim for criticising pilot

image: http://www.thestar.com.my/~/media/online/2017/06/27/12/22/meranun.ashx/?w=620&h=413&crop=1&hash=0EB1E53D87C7F2AA005CD79BC5A37AC8E281199E

PETALING JAYA: AirAsia X Group CEO Datuk Kamarudin Meranun (pix) has hit back at DAP’s Datuk Zaid Ibrahim for criticising the AirAsia X flight D7237 pilot who had asked his passengers to pray for their safety.

“What is wrong with asking for prayers in whatever religion when you are in a tight position, seeking divine intervention while doing whatever humanely possible?” Kamarudin asked.

“Making statements is always easy when you are safely on the ground,” he said.

In a post on his Facebook page on Tuesday, Kamarudin said he would have done the same thing.

“As a believer, he (the pilot) asked everyone to pray with him as he guided the plane to safety. I would have done the same thing,” he said.

He praised the pilot for being calm and in control in ensuring the safety of all those on board, and added that he stands by the pilot and his team for their decisions.

On Monday, Zaid criticised the pilot in a series of tweets saying that it was irresponsible for the pilot to urge to passengers to pray while the plane experienced distressing technical difficulties.

In a separate statement, MIC treasurer-general Datuk Seri S. Vell Paari called Zaid’s statement “irresponsible and unbecoming”.

“I find it amusing that Zaid Ibrahim has made an issue out of this incident when the focus should be on congratulating the AirAsia X pilot and his crew for bringing all the passengers of flight D7237 home safely,” he said.

The low-cost carrier flight with 359 people onboard was en route to Kuala Lumpur from Perth on Sunday but had to return to the Perth Airport an-hour-and-a-half later due to a technical issue.

Passengers had reported saying that the Airbus A330 was “shaking like a washing machine”.

The flight landed safely at 10am (Perth time), about three hours after its departure.

AirAsia X has said it is conducting an investigation into the cause of the “technical issue” together with engine manufacturer Rolls-Royce.

Read more at http://www.thestar.com.my/news/nation/2017/06/27/airasia-defends-pilot-over-zaid-post/#XLu0r1prydF3YIMH.99

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It is good to have a friendly media as an extension to the marketing and promotion effort for a low cost carrier such as the AirAsia Group, which business model is very reliant on the volume of take ups.

However, the media should not be noticed to be ‘kind’ in the manner of watering down or completely omitting some of the stories, especially the severity of incidents.

Especially when it comes to safety issues and non compliance or even worse, negligence.

It is very distasteful to thread and trot on the misery of others, especially after a deadly tragedy. However the doomed aircraft of the tragic AirAsia Indonesia flight from Surabaya to Singapore  has been found 19 months ago to have defective maintenance issues.

 

 

Published in: on June 27, 2017 at 23:00  Comments (5)  

Freeing FGV from Fiasco

Steps are being taken to untangle the mess in Felda Global Venture Bhd (FGV), which was listed five years ago to the one of the world’s premier commodity producer and end-to-end player, currently plagues with multiple controversies and alleged scandals.

NST story:

FGV crisis to end soon

(File pix) FGV chairman Tan Sri Mohd Isa Abdul Samad. Pix by Adi Safri

THE fate of Felda Global Ventures Holdings Bhd’s (FGV) boardroom tussle will finally be resolved this week, and the ultimate decision will depend on its golden shareholder.

After a series of statements and counter-claims from both camps — FGV president and chief executive officer Datuk Zakaria Arshad and FGV chairman Tan Sri Mohd Isa Abdul Samad — a resolution could come as early as today.

Prime Minister Datuk Seri Najib Razak had given his assurance that the issue would be settled before the end of Ramadan.

Hari Raya Aidilfitri will be celebrated on Sunday.

Zakaria, who was forced to take leave to facilitate an internal audit, has confirmed that he will reply to a show-cause letter from the board either today or tomorrow.

The Malaysian Anti-Corruption Commission, which has initiated an investigation into FGV,
has made quick progress and the probe was 60 per cent completed as at Friday.

But the key factor will be the government, or specifically the Finance Ministry, which owns a golden share in the world’s third biggest palm oil producer .

“As the golden shareholder, the government has the jurisdiction to appoint and revoke three key positions in FGV,” a source told the New Straits Times yesterday.

“The positions are that of FGV chairman, FGV president and the Finance Ministry representative to the FGV board,” the source said.

Stakeholders, including the National Felda Settlers Children Association (Anak), have offered their own proposals for resolving FGV’s woes.

FGV, one of the biggest initial public offerings in the world when it was listed in 2012, debuted at RM5.39 per share.

Its share price and market capitalisation has taken a beating since then, attributed to low commodity prices, downstream losses and management issues. FGV closed at RM1.76 a share on Friday.

Anak chairman Mazlan Aliman had last week suggested that FGV’s biggest shareholder — the Federal Land Development Authority (Felda) — call for an extraordinary shareholders meeting to vote on the re-composition of FGV’s board of directors.

This would be costly and take time, and was not likely to happen given the expected timeframe to resolve the impasse, the source said.

Anak members had also proposed that Felda chairman Tan Sri Shahrir Samad replace Isa as FGV chairman, another unlikely possibility as it would go against the best interest of good corporate governance.

Shahrir was appointed Felda chairman in January. Prior to that, Isa was chairman of both Felda and FGV.

“Remember that a month ago, Felda submitted three names to be on the FGV board,” the source said, pointing out that Felda did not currently have board representation in FGV.

Felda’s proposed nominees for the FGV board are believed to be Felda board member Datuk Abu Bakar Harun, deputy director-general in economic development Datuk Ab Ghani Mohd Ali and deputy director-general in management Datuk Muzzammil Mohd Nor.

Last week, at a breaking-of-fast programme with more than 6,000 Felda settlers in Johor, Najib said the government was committed to transforming FGV into a corporate company with high value in terms of revenue and shares.

***************

This afternoon, Malaysian Anti Corruption Commission invited former FGV and Felda Chairman Tan Sri Isa Abdul Samad to be interviewed and probably had his statement taken in Putrajaya.

NST story:

MACC summons Isa, wife to Putrajaya HQ

(File pix) Former Felda Global Ventures Holdings Bhd (FGV) chairman Tan Sri Isa Samad and his wife have been called by the Malaysian Anti-Corruption Commission (MACC) to have their statements recorded. Pix by Aizuddin Saad

KUALA LUMPUR: Former Felda Global Ventures Holdings Bhd (FGV) chairman Tan Sri Isa Samad and his wife have been called by the Malaysian Anti-Corruption Commission (MACC) to have their statements recorded.

Sources told the New Straits Times that the commission has summoned the couple to its headquarters in Putrajaya tomorrow at 10am.

Yesterday, Prime Minister Datuk Seri Najib Razak announced that Isa had voluntarily relinquished his post as FGV’s chairman, and appointed Tan Sri Sulaiman Mahbob as acting chairman.

FGV is currently being investigated by MACC for possible misconduct and abuse of power following a boardroom tussle between Isa and suspended chief executive officer Datuk Zakaria Arshad.

On June 9, the NST reported that one of MACC’s focus areas was on alleged power abuse by a top official who had allowed FGV to pay for his wife’s travels on first-class flights although she is not entitled to such benefits.

Sources said this was among the details included in the documents that had been seized by the MACC earlier this month from the FGV headquarters at Menara Felda.

***************

This was after a series of MACC officers visits to FGV HQ at Menara Felda in KLCC and several documents were taken away last week.

It was after FGV BoD decided that CEO Dato’ Zakaria Arshad and CFO Ahmad Tifli be forced to take leave, pending internal investigations on the alleged wrongdoings in the operations of FGV.

The Star story:

Thursday, 8 June 2017 | MYT 1:23 PM

FGV: Isa welcomes MACC probe, but refuses to resign

image: http://www.thestar.com.my/~/media/online/2017/06/08/05/25/isa-samad-bne.ashx/?w=620&h=413&crop=1&hash=B83F250CCA9061D5192792AADAF0CE6D2A832BCF

- Bernama pic

– Bernama pic

KUALA LUMPUR: Saying he welcomes an ongoing corruption investigation, Felda Global Ventures Holdings Bhd (FGV) chairman Tan Sri Isa Samad (pic) has rejected calls for him to step down following his public falling out with FGV’s suspended president and chief executive officer Datuk Zakaria Arshad.

Isa said there was no reason for him to resign as he did not do anything wrong.

Umno supreme council member Datuk Mohd Puad Zarkashi had on Wednesday called for both Isa and Zakaria to resign from their positions as their “open warfare” was shameful to FGV and showed that there was no consensus between the two.

“That is his opinion. Nowadays, there are so many views, some people understand and some don’t,” said Isa.

“It’s best to know the full story, which is what I’ve been saying – don’t interpret it differently,” he told reporters after presenting Ramadan aid to the needy at Menara Felda on Thursday.

Isa also said he welcomed the Malaysian Anti-Corruption Commission’s investigation into improprieties involving the company.

“That is their job. Let them do their work according to their process. My process (at the company level) is to issue a showcause letter, allow Zakaria to reply, and then we make a decision,” he said.

More than a dozen MACC officers had earlier arrived at Menara Felda here to retrieve documents belonging to Zakaria in relation to an investigation on delayed payments owed to FGV subsidiary Delima Oil Products Sdn Bhd by Safitex, an Afghan company it had dealings with.

Isa also said it was a “good move” to appoint former minister Datuk Seri Idris Jala as an independent party to offer recommendations on the suspension of Zakaria and three other senior managers.

“We welcome his appointment with open arms and, of course, we will work with him,” added Isa.

Zakaria and three others were issued a letter by Isa on Tuesday asking them to take an indefinite leave of absence pending a probe into the dealings between Delima Oil and Safitex.

The other three suspended officers are FGV chief financial officer Ahmad Tifli Mohd Talha, FGV Trading chief executive officer Ahmad Salman Omar, and Delima Oil Products senior general manager Kamarzaman Abd Karim.

Read more at http://www.thestar.com.my/news/nation/2017/06/08/isa-welcomes-macc-probe/#Odltf153ykxY6hAA.99

Prior to the ‘suspension’ of Zakaria and Tifli, FGV Chairman Isa had asked Zakaria to resign and vacate his post.

************

NST story:

Zakaria Tells Isa He Won’t Resign As CEO, Urge MACC To Investigate FGV

All were not done in accordance to Company’s Act 1965.

Isa was seen to be very arrogant in his conduct as the Chairman of the FGV BoD. Hence, he was literally brought down to size.

Bernama story as carried by The Mole:

Isa no longer chairman of FGV

by Syndicated News

Sulaiman held senior positions in the civil service and is now chairman of several companies.

Sulaiman held senior positions in the civil service and is now chairman of several companies.

Syndicated News

Written by Syndicated News

PUTRAJAYA — June 19, 2017: Tan Sri Isa Samad has voluntarily relinquished his position as Felda Global Ventures Holdings chairman and will be replaced by retired senior civil servant Tan Sri Dr. Sulaiman Mahbob.

Isa however has been appointed acting chairman of the Land Public Transport Commission (SPAD) also with immediate effect.

In announcing this today, Prime Minister Datuk Seri Najib Razak said he had earlier met with Isa and former Minister in the Prime Minister’s Department Datuk Seri Idris Jala to discuss FGV’s future and Isa’s role.

“Isa voluntarily agreed to relinquish his position as FGV chairman. In appreciation of Isa’s role, I agreed to appoint him the acting SPAD chairman,” Najib told reporters after handing over keys to owners of the 1M Public Servants Housing Programme (PPA1M) Selasih here today.

Najib said that internal action will be taken to determine the legal process and through the FGV inquiry board, the decisions against the FGV Chief Executive Officer Datuk Zakaria Arshad and three other senior executives who were asked to go on leave recently.

“This is necessary as it represents the governance principle of a public listed company. The investigation does not mean they are guilty. The FGV board will make a just decision as soon as possible,” he added.

According to Najib, the restructuring reflects the government’s desire to place FGV on a firm footing and ensure a bright future for the company.

Asked why Sulaiman was named acting chairman, he said: “This is until we make a final decision. We needed a quick change. If a new person is appointed by the board, it will take a while. We want FGV to operate uninterrupted.”

Sulaiman, 68, was an independent non-executive director of FGV as well as chairman of  Telekom Malaysia and the Minority Shareholders Monitoring Group, Malaysian Institute of Economic Research and Jambatan Kedua Sdn. Bhd.

He has vast experience, having served the government for over 38 years, including as director-general of the Economic Planning Unit and secretary-general of the then Ministry of Domestic Trade and Consumer Affairs. — Bernama

**********

The announcement came after Isa had been called to meet Prime Minister Dato’ Sri Mohd. Najib Tun Razak.

Despite the global economic recession in 2015-16 which affected the trade of commodity due to crash of raw oil price, FGV maintained profitability the past five years and dividend yield.

However, the market price of the stock dipped well below listed price of RM4.60. It hit bottom low recently, when the boardroom tiff between Isa and Zakaria became a nationwide headline.

It is necessary for the confidence towards FGV is nurtured back quickly. The ability to perform and pay dividend annually as a corporate entity is half of the story.

Public confidence, especially amongst the Felda settlers who were very bullish when Prime Minister Najib personally endorsed the listing of FGV and quip as “The new frontier for the FELDA community into global business” had the hope of so many of 113,000 settlers’ families.

The recovery of FGV confidence would prop back the market price and capitalisation. So many institutional investors representing the larger segment of Malaysians are the stakeholders.

 

Published in: on June 20, 2017 at 17:00  Comments (1)  

Misdirection of Facts

There are several ambiguities arisen from the second US Department of Justice (DoJ) announcement, which is a second almost to the first anniversary.

Considering there is no actual development since the explosive announcement made by former US Attorney General Loretta Lynch last July, DoJ did a follow up announcement.

The fact is that DoJ has never released where they get this source of information.

The Sun story:

DoJ urged to reveal identities of ‘opposition’ complainants on 1MDB

Pedestrians walk past a 1MDB billboard near the Tun Razak Exchange (TRX) construction site in Kuala Lumpur on March 11, 2014. — Sunpix by Asyraf Rasid

 

PETALING JAYA: The US Department of Justice (DoJ) must come clean and reveal the identities of Malaysians responsible for filing the complaints on alleged misappropriation linked with the state firm 1Malaysia Development Berhad (1MDB).

Barisan Nasional strategic communication director Datuk Seri Abdul Rahman Dahlan said it was clear that the DoJ’s investigation was triggered by complaints made by certain individuals to undermine the government.

He claimed those who brought the complaints were playing a part in the opposition’s plot to topple Najib and the “democratically elected government of Malaysia”.

“My suspicion is that these complainants are actually Malaysians with heinous political agenda against the Prime Minister and the government,” he said.

“Malaysians deserve to know who these complainants are and the DoJ should reveal their identities immediately …,” he said in a statement.

The DoJ in an announcement of its latest civil suits on Thursday seeks to seize another US$540 million (RM2.3 billion) in assets allegedly stolen from 1MDB. The department had last year filed a similar suit in relation to the troubled firm.

1MDB in an immediate response said the allegations raised by the DoJ which had linked the firm were not backed with proof.

Reiterating 1MDB’s stand, Abdul Rahman, who is also the minister in the prime minister’s department, stressed that the state investment arm was not the party to the civil law suit filed by DoJ.

“In fact, the assets that the DoJ alleges were wrongfully procured and seeks to seize, were in fact purchased by entities that are not legally owned nor controlled by 1MDB,” he added.

Stating the suit as filled with “various unproven allegations”, Abdul Rahman said the law suit needed to be based on provable facts and not contain baseless rhetoric.

“More importantly, the allegations made by the DoJ must first be proven in a court of law, before it can be accepted as fact,” he added.

He also reminded that the 1MDB had previously been placed under scrutiny of the Public Accounts Committee, which the bipartisan parliament team had not found any evidence of misappropriation.

Meanwhile, Defence Minister Datuk Seri Hishammuddin Hussein said the DoJ should take legal action against Malaysian Official 1 (MO1).

Hishammuddin, who is Umno vice-president, added the DoJ is being “irresponsible” and would only loose its credibility for continuously making “baseless” allegations, without considering a legal action.

“If DoJ has proof, they should charge those they accuse. Don’t make baseless statements.

“This is justice, Those who are accused can explain and given a chance to clear their names.

“If they (DoJ) accuse and no (follow up) action, then their credibility should be questioned,” Hishammuddin said during a press conference after a briefing session on the party’s handbook on the 14th general election held at Putra World Trade Centre.

Hishammuddin explained by press charging, the DoJ will have a chance to confront the accused and settle the issue legally.

He added the DoJ will do a “big favour” to everyone by revealing who MO1 actually is should a trial be held.

“(MO1)could be anyone, people would want to spin it the way they want it to.

“This is all speculation, if they have proof they should charge, but until then, how would we know who is actually MO1,” he said.

***************

 

The arise the question why are they not transparent about it.

1. Compared from the previous leak where they have distorted the facts.

2. US authorities until today has not made an official request for evidence. Hence, they have no formal evidence to and with no official request Government-to-Government, they cannot use any evidence in court.

That is why they are taking civil action, because its based on informal leaked information which they are unable verify if its accuracy, veracity and genuine information.

The fact is that DoJ actually has nothing but unfounded leaked information which is neither can be validated nor accurate.

The interregnum period between the two administrations (Presidents Obama and Trump) which DoJ had no action made against AG Lynch’s pronouncement last July is evidently  clear they have nothing tangible to work with and on.

All except hearsay.

The third para stated on the DoJ press release on 15 June 2017:

“According to the complaints, from 2009 through 2015, more than $4.5 billion in funds belonging to 1Malaysia Development Berhad (1MDB) was allegedly misappropriated by high-level officials of 1MDB and their associates”.

What is even more interesting is the last para.

“A civil forfeiture complaint is merely an allegation that money or property was involved in or represents the proceeds of a crime. These allegations are not proven until a court awards judgment in favor of the U.S.”

There is a strong probability of the civil action to recover assets in the various forms listed vis-a-vis against individuals might fail due of lack of credible evidence.

Otherwise, many pondered on how did DOJ get so “alleged” accurate information from A-Z of everything which went on and about 1MDB and all related transactions.

It is interesting to track on the origin of this leak.

On the same note, DoJ has never requested for any evidence which has been investigated in Malaysia, by any of the authorities.

Needless to say it is very usual for US Government to very aggresive in requesting for evidence from friendly nations, which include Malaysia. More over, when it is about money laundering.

Why is it taking so long for this announcement to be made? Why is it takse so long to only to take civil action?

It is unusual for US law Enforcement agencies especially in the likes of FBI to be inefficient.

The next question is which US law enforcement agency contacted any of the Malaysian law enforcement agencies for anything with regards to this informal information?

Any international co-operation between US and Malaysia must be through the Attorney General Chambers. That is within the ambit of the US-Malaysia treaty on Mutual Assistance in Criminal Matters.

The fact is that for the past year any informal communication between any Malaysian Enforcement Agency is informed to AGC.

This is the clear evidence this episose of political drama by DoJ is based in leaked and distorted information.

That itself is a miscarriage of justice.

To add icing to the conspiracy, WSJ which has been proven to fabricate their stories in the effort to sensationalise and make the 1MDB issue as contentious, been quoting “unnamed sources”.

This misdirection of facts is compounding to an unbelievable story a malfeasance in office, for those in the US DoJ.

Published in: on June 18, 2017 at 23:51  Comments (14)  

Tell it to the Marines!

US Department of Justice’s ‘follow up’ to the shelling of last summer’s ceremonial artillery shot which gave a loud bang and lots of smoke but did nothing, was actually bland and received a non event response from Malaysians.

The bluff was treated as an item of no longer sensational nor of any consequential value, especially the tough talk former US Attorney General Loretta Lynch sternly pronounced last year on the joint DoJ-FBI platform actually progressed no where but hot air, dissipated as it rises.

Blogger Lim Sian See detailed why the bluff failed:

Friday, 16 June 2017

Ten observations on DOJ’s June 2017 1MDB-related civil suit

Here are my thoughts on the latest civil suit based on that 250 pages court submission from the USA’s Department of Justice submission:

1. It is still a civil suit for forfeiture of assets and not a criminal suit.

Nothing has changed since last year except that more assets are listed. It is also important to note that civil asset forfeiture lawsuits are filed against the assets themselves and not individuals (such as Jhow Low etc). Owners of the assets can contest the forfeiture, which they are doing.

2. It is essentially a continuation of the previous suit in July 2016.

 
Nothing has changed since last year except that more assets are listed. However, the one that caught the public’s interest is the allegation of a USD27 million (RM118 million) diamond gifted to MO1’s wife – which everyone knows it refers to Datin Sri Rosmah, the Prime Minister’s wife. We shall go into detail on this later.
1MDB did not borrow or lose any more money since last year July 2016. In fact, 1MDB actually made significant progress in making money and paying off debts over the last year.

3.  None of the money allegedly spent or invest legally belongs to 1MDB.

This means that those money spent is not 1MDB’s money.  I had proven this extensively last year in this post.Events since my post one year ago had further confirmed this – especially the IPIC-1MDB settlement in April this year where IPIC was reported to have arranged a buyer for the USD2.5 billion worth of units while agreeing to the following: “The parties have also agreed to enter into good faith discussions in relation to payments made by 1MDB Group to certain entities.”
This is also the reason why 1MDB keeps insisting that none of their money has been lost.

4.  DOJ’s allegations that the BSI or Cayman units were over-valued or wrongly-valued are irrelevant to 1MDB

As previously explained, the value of the units are guaranteed by the real Aabar Investments PJS. As far as 1MDB is concerned, the minimum value of the units is what Aabar had guaranteed it for. As was reported by the Singapore press, Aabar had arranged a buyer for the USD2.5 billion units (which includes the USD940 million units remaining in the BSI funds) and that 1MDB had already started to receive the cash proceeds.

In 1MDB’s point of view, they had a certain money in the BSI units guaranteed by the real Aabar. Since the real Aabar had now gotten someone to buy the fund units and pay 1MDB the correct amount then there is no question of whether the fund units are worthless or undervalued or overvalued.

5.  DOJ’s allegations that money was siphoned off from 1MDB’s Deutsche Bank loan has nothing to do with 1MDB

DOJ reports that the Deutsche Bank loan was to pay for the cancellation of options held by Aabar in return for IPIC guaranteeing 1MDB’s USD3.5 billion loan in the year 2012.
According to the DOJ, the money was paid to a “fake” Aabar Seychelles which they claim had nothing to do with the real Aabar in Abu Dhabi.

However, DOJ also confirms that the sole director of Aabar Seychelles was the Managing Director of the real Aabar and that the shareholder of Aabar Seychelles listed in the certificate of incumbency (also known as the company registration) document is the real Aabar.

As far as 1MDB is concerned, they had used the Deutsche Bank loan to pay Aabar for the purpose of cancelling the options.  Whether it is a “fake Aabar” or “real Aabar” does not matter to 1MDB as long as the options were cancelled – and it was.  This is especially so since the party that had dealt with at that time as the official managing director Aabar, Mohamad Husseiny and the company registration documents had clearly stated that the owner of the “fake Aabar” is the real Aabar.

Therefore, if there was any siphoning of money or fraud, it was Aabar PJS in the Abu Dhabi which was defrauded – not 1MDB.

Which brings us to the next point…

6.  Neither Prime Minister Najib, Rosmah nor 1MDB was named as a defendant in the DOJ civil suit.

This means the US DOJ does not consider Najib, Rosmah or even 1MDB to have committed any wrong-doing. In fact, one Abu Dhabi’s sovereign USD125 billion fund Mubadala Investment Company which owns IPIC and Aabar now has now been named as an involved party whose interests will be affected.

7.  There is no evidence that Rosmah ever received the US$27 million diamond

First of all, receiving a gift is not illegal. According to the DOJ lawsuit, Jho Low had purchased USD200 million worth of jewelry over the years and had given it to various parties including to his mother.

Jho Low was also alleged to have given millions in jewelry to his alleged girlfriend, the super-hot Australian model Miranda Kerr who recently married the SnapChat billionaire founder .

So, if receiving a gift is illegal then Jho Low’s mother and Miranda Kerr will have to go to jail too.

However, the circumstances which the DOJ says that Rosmah was alleged to be the recipient of the diamond is very suspicious.

Firstly, the DOJ alleges that Rosmah viewed the diamond with a group of people on board of the yacht called Topaz.

The Topaz is not any ordinary yacht but at that time was the largest yacht in the world and was and is still owned by Sheikh Mansour bin Zayed.

Sheikh Mansour is not only among the world’s richest man with a fortune estimated at USD38 billion (RM162 billion) in the year 2014 but he is also the deputy prime minister of the United Arab Emirates, minister of presidential affairs and member of the ruling family of Abu Dhabi. He is the brother of the current President of UAE,
And plus, he is also the Chairman of IPIC and the boss of both Aabar Chairman Khadem Al-Qubaisi and also Aabar CEO Mohamed Badawy Al-Husseiny – the two persons most implicated in fraud and receiving funds in this entire 1MDB affair.
Both persons have never been charged for any crime. In fact, it was recently reported Khadem Al Qubasi is still in the UAE and under the protection of Sheikh Mansour Zayed.
This leaves us with two other possibilities.
1) The diamond may have been a gift from Sheikh Mansour to Rosmah. Arab royalty has a habit of giving expensive gifts to members of the leadership of other countries. After all, US$27 million is barely 2 days of interest for Sheikh Mansour’s US$38 billion fortune. 
This is assuming that Rosmah even received the diamond in the first place. After all, a VIP from another country does not simply go on to the world’s largest yacht owned by Arab royalty and one of the world’s richest persons without the owner knowing.
However, if Rosmah did receive the diamond as a gift from Sheikh Mansour then I think she should return it as it is inappropriate to receive such an expensive gift.
2) Rosmah never received the diamond at all and DOJ was misled by the false information fed by the opposition.

According to the DOJ suit, it is important to note that Rosmah did not make the order for the diamond, pay for the diamond nor personally received the diamond.

It has also never been proven that she even posses the diamond.

DOJ’s allegation is that a Malaysian friend had collected the diamond and she was supposed to then hand over the US$27 million (RM118 million) diamond to Rosmah. But there is never any proof that the diamond was handed over to Rosmah.
This brings us to the next point…

7.  The whole diamond necklace and DOJ lawsuit seems suspiciously politically-motivated

Firstly, the DOJ had no evidence that Rosmah ever received the diamond but proceeded to include that story in all its juicy details in the suit anyway.

Secondly, the story has always been consistent with the opposition story about Rosmah buyting diamonds and cincin – until PKR’s Rafizi Ramli was sued by Najib and said to the court that he was “just joking”

Thirdly, the timing is suspicious as it comes a week before Malays balik kampung for the Hari Raya where such a juicy story would be discussed.

It is no secret that Pakatan is hoping for a “Malay Tsunami” and such a story at such a timing would benefit Pakatan the most.

It is also no secret that Pakatan is working with and has received funding from George Soros to help topple the BN government and Najib.

Late last year, the famous expose website Wikileaks had leaked details of a March 2016 lobbying by George Soros to the US Government to remove Najib and replace him with Anwar Ibrahim.
please don’t call Anwar as a “barua” Amerika
One reason why the USA should remove Najib: China!

The secret documents from Wikileaks showed that Soros told the US Government that PM Najib is not fully loyal to the USA and plays both sides with China.

Soros also told the USA Governmetn that Anwar would be instrumental as the new leader of Malaysia if Najib falls. And even if Najib doesn’t fall, Anwar can provide the USA Govt with “insight and strategic leverage” on Malaysia.

Four months later after that lobbying, the USA Government’s DOJ launched a civil suit against 1MDB and popularizing the MO1 name to cause maximum damage to PM Najib and BN.

How coincidental and convenient!

Strangely, some pro-opposition individuals in Malaysia are even proud and prepared to be called a CIA agent or foreign agent as was reported just last week in MalaysiaKini.

Why would Malaysians and our opposition leaders want to work with foreign powers to launch propaganda attacks and bad-mouth Malaysia just so they can be the ones in power?That is sabotaging your own country, bro. It’s treason.

8.  1MDB’s profitability and progress is unaffected. No Malaysians or their future generations will end up paying for 1MDB’s debts.

Due to the April 2017 IPIC-1MDB settlement and also the past rationalization efforts, 1MDB now has assets of RM60 billion compared to still outstanding long-term (up to 2039) debts of an estimated RM41.7 billion.

If you can believe MalaysiaKini then the profitability of 1MDB will be even more as the forecast that the value of Bandar Malaysia is RM90 billion instead of RM26 billion.

Hence the value of 1MDB’s assets is RM124 billion compared to RM41.7 billion debt.

For so long, Pakatan and their friendly portals have been saying that govt will go bankrupt because of 1MDB’s debts (which is already substantially repaid with the rest taken care of) and that govt has to use GST, use fuel subsidies, use sugar price bla bla bla to bail out and that this debt will be a burden on your next generation and the generation after that.

But now the Pakatan folks are saying that Govt will make huge profits on 1MDB and there is no more debt that will be a burden on your next generation and the generation after that or need to bail-out?

So, there is no question of anyone having to pay for 1MDB’s debts. In fact, the possibility of 1MDB being very profitable is high.

9.  Unlike in the past, the financial markets did not react to the news of this DOJ suit.

The Ringgit did not weaken substantially and the stock market did not drop.

In fact, the Bursa stock market went up today despite the news. It continued its rally as Malaysia’s economy continues to perform well and our prospects continue to brighten. Investors continue to believe in the transformation agenda under Prime Minister Najib.

10.  Unlike in the past, Malaysians now seem indifferent to the DOJ-1MDB news

As Uber-Blogger Rocky Bru observed today:

“It’s been a year since the US Department of Justice made that explosive lawsuit announcement involving 1MDB. Since then, the Americans have elected a new President, Dr Mahathir Mohamad has confirmed his desire to be Prime Minister of Malaysia once again, and the DOJ’s lawsuit hasn’t moved an inch. The department’s latest “action” has similar elements and juicy bits that featured in its “action” of last July’s. So why aren’t Malaysians not debating it like they did last July? I belong to several dozens of WhatsApp groups but only one is discussing the DOJ’s action and by “discussing” I mean one individual has been providing all the links to DOJ news that might be spun against PM Najib Razak. Does that mean we are immune to news involving alleged corruption and stealing of billions from our coffers?

Or are Malaysians generally not buying what the DOJ’s claiming, especially since nothing has come out of their last action?”

To most people and also thanks to the successful rationalization of 1MDB and its tangible evidence of its progress, most people feel that the 1MDB story is stale or “basi”.
******************

DoJ over and over used the phrase “Acting in the name of the Malaysian people”, which is  totally in vain.

It is impossible to swallow if DoJ was sincere in their pursuit against a series of crimes including of kleptocracy, criminal breach of trust, falsification of declarations into international banking, money laundering, theft and other white collar felons, that the victims were never consulted, interviewed nor any statement taken from them.

First and foremost, the legally democratically elected Malaysian Government is ‘Of Malaysians, by Malaysians, for Malaysians’, which represented the majority through the Westminster styled Constitutional Monarchy democracy.

Second, the Attorney General which in office by the way of appointment by His Majesty Seri Paduka Baginda Yang DiPertuan Agong is the representative of the Crown in conduct against criminal cases.

If the US Attorney General did not consult nor sought assistance for the case purported mentioned in a series of crime, then the intent of DoJ making a subsequent announcement proven without any action taken in between the first one last year, is very dodgy.

It is glaringly clear that the announcement then and yesterday, was  part of an agenda to topple Prime Minister Dato’ Sri Mohd. Najib Tun Razak where Opposition Leaders work hand-in-hand with Neo Con Jewish controlled media.

They might as well tell it to the Marines. It is because the sailors no longer believe in their tales of mermaids and sea monsters.

Published in: on June 17, 2017 at 01:00  Comments (7)  

Washington D.C.’s Wayang Tinggi, Part 2

The Attorney General Tan Sri Mohamed Apandi Ali was quick to hit out on US Department of Justice’s (DoJ) announcement about proceeding a civil action for “seeking the forfeiture and recovery of approximately USD540 million in assets”  purportedly in the name of 1MDB in the most peculiar investigation of crime by a law enforcement agency.

PRESS RELEASE

ATTORNEY GENERAL MALAYSIA 


US DEPARTMENT OF JUSTICE FILING OF CIVIL ACTION

 

The Attorney General’s Chambers of Malaysia (AGC) takes note of the latest civil lawsuits by the United States Department of Justice (DoJ). This second action comes on the anniversary of the first, and appears to be a repeat of it. We would like to express frustration that yet again AGC was not informed or alerted by DoJ of this action.

 

We also note that there has been no evidence from any investigation conducted by any ‎law enforcement agencies in various jurisdictions that shows that money has been misappropriated from 1MDB; and that there have been no criminal charges against any individuals for misappropriation of funds from 1MDB.

 

1MDB is a Malaysian company and has been the subject of multiple investigations within Malaysia, including by the Malaysian Anti-Corruption Commission, Auditor General and bi-partisan Public Accounts Committee. After review, we found that that no crime was committed. Presently there is still an ongoing investigation conducted by the Royal Malaysia Police concerning 1MDB.

 

We would like to express strong concerns at the insinuations that have been made against the Prime Minister of criminal wrongdoing. At no point in the civil claims is the Prime Minister named as a defendant or has been alleged to have committed any criminal wrong doing.

 

To date AGC has yet to receive any request from DoJ to obtain any information or evidence. However, we would welcome such a request in line with our commitment to international cooperation and the fight against money laundering.

 

As I have promised before, AGC will not hesitate to initiate proceedings against the perpetrators of criminal acts provided there is sufficient evidence to do so. Any wrongdoing will be punished and Malaysia will always uphold the rule of law.

 

TAN SRI DATO’ SRI HAJI MOHAMED APANDI BIN HAJI ALI,

ATTORNEY GENERAL MALAYSIA

16 JUNE 2017

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Sources within 1MDB confirmed none of US law enforcement authorities agents have ever taken any statement from anyone within the Malaysian strategic investment firm.

Nor from anyone from the Malaysian Government.

It is baffling for DoJ to investigate a complaint for purported crime of “Theft and money laundering of monies from 1MDB”, without actually conducting proper globally practiced and universally accepted methods for investigation of any crime.

It has been almost a year since former US Attorney General Loretta Lynch made her bombshell announcement dead serene during last summer, a few days after Hari Raya Aidil Fitri 1437H.

 DoJ statement:

FOR IMMEDIATE RELEASE

Thursday, June 15, 2017

U.S. Seeks to Recover Approximately $540 Million Obtained From Corruption Involving Malaysian Sovereign Wealth Fund

The Justice Department announced today the filing of civil forfeiture complaints seeking the forfeiture and recovery of approximately $540 million in assets associated with an international conspiracy to launder funds misappropriated from a Malaysian sovereign wealth fund. Combined with civil forfeiture complaints filed in July 2016, seeking more than $1 billion, and civil forfeiture complaints filed last week seeking approximately $100 million in assets, this case represents the largest action brought under the Kleptocracy Asset Recovery Initiative. Assets now subject to forfeiture in this case total almost $1.7 billion.

Acting Assistant Attorney General Kenneth A. Blanco, Acting U.S. Attorney Sandra R. Brown of the Central District of California, Assistant Director Stephen E. Richardson of the FBI’s Criminal Investigative Division, and Deputy Chief Don Fort of the IRS-Criminal Investigation (IRS-CI) made the announcement.

According to the complaints, from 2009 through 2015, more than $4.5 billion in funds belonging to 1Malaysia Development Berhad (1MDB) was allegedly misappropriated by high-level officials of 1MDB and their associates. 1MDB was created by the government of Malaysia to promote economic development in Malaysia through global partnerships and foreign direct investment, and its funds were intended to be used for improving the well-being of the Malaysian people.

“The Criminal Division is steadfast in our efforts to protect the security, safety, and integrity of the American financial system from all manner of abuse, including by kleptocrats seeking to hide their ill-gotten or stolen wealth,” said Acting Assistant Attorney General Blanco.

“Today’s complaints reveal another chapter of this multi-year, multi-billion-dollar fraud scheme, bringing the total identified stolen proceeds to $4.5 billion. This money financed the lavish lifestyles of the alleged co-conspirators at the expense and detriment of the Malaysian people.

We are unwavering in our commitment to ensure the United States is not a safe haven for corrupt individuals and kleptocrats to hide their ill-gotten wealth or money, and that recovered assets be returned to the victims from which they were taken.”

“These cases involve billions of dollars that should have been used to help the people of Malaysia, but instead was used by a small number of individuals to fuel their astonishing greed,” said Acting U.S. Attorney Brown.

“The misappropriation of 1MDB funds was accomplished with an extravagant web of lies and bogus transactions that were brought to light by the dedicated attorneys and law enforcement agents who continue to work on this matter. We simply will not allow the United States to be a place where corrupt individuals can expect to hide assets and lavishly spend money that should be used for the benefit of citizens of other nations.”

“Today’s filing serves as a reminder of the important role that the FBI plays in rooting out international corruption. When corrupt foreign officials launder funds through the United States in furtherance of their criminal activity, the FBI works tirelessly to help hold those officials accountable, and recover the misappropriated funds,” said Assistant Director Richardson.

“I applaud all my colleagues and our international partners who have worked to help recover an immense amount of funds taken from the Malaysian people, who are the victims of this abhorrent case of kleptocracy.”

“Today’s announcement is the result of untangling a global labyrinth of multi-layered financial transactions allegedly used to divert billions of dollars from the people of Malaysia and fund the co-conspirators’ lavish lifestyles,” said Deputy Chief Fort.

“The IRS is proud to partner with other law enforcement agencies and share its world-renowned financial investigative expertise in this complex financial investigation. It’s important for the world to see, that when people use the American financial system for corruption, the IRS will take notice.”

As alleged in the complaints, the members of the conspiracy – which included officials at 1MDB, their relatives and other associates – diverted more than $4.5 billion in 1MDB funds.  Using fraudulent documents and representations, the co-conspirators allegedly laundered the funds through a series of complex transactions and shell companies with bank accounts located in the U.S. and abroad.

These transactions allegedly served to conceal the origin, source and ownership of the funds, and ultimately passed through U.S. financial institutions to then be used to acquire and invest in assets located in the U.S. and overseas.

The complaints filed today allege that in 2014, the co-conspirators misappropriated approximately $850 million in 1MDB funds under the guise of repurchasing certain options that had been given in connection with a guarantee of 2012 bonds. As the complaints allege, 1MDB had borrowed a total of $1.225 billion from a syndicate of banks to fund the buy-back of the options.

The complaints allege that approximately $850 million was instead diverted to several offshore shell entities. From there, the complaints allege, the funds stolen in 2014, in addition to money stolen in prior years, were used, among other things, to purchase a 300 foot luxury yacht valued at over $260 million, certain movie rights, high-end properties, tens of millions of dollars of jewelry, and artwork.

A portion of the diverted loan proceeds were also allegedly used in an elaborate, Ponzi-like scheme to create the false appearance that an earlier 1MDB investment had been profitable.

As alleged in the earlier complaints, in 2009, 1MDB officials and their associates embezzled approximately $1 billion that was supposed to be invested to exploit energy concessions purportedly owned by a foreign partner. Instead, the funds were transferred through shell companies and were used to acquire a number of assets, as set forth in the complaints. The complaints also allege that the co-conspirators misappropriated close to $1.4 billion in funds raised through the bond offerings in 2012, and more than $1.2 billion following another bond offering in 2013.

The FBI’s International Corruption Squads in New York City and Los Angeles, and the IRS-CI are investigating the case. Deputy Chief Woo S. Lee and Trial Attorneys Kyle R. Freeny and Jonathan Baum of the Criminal Division’s Money Laundering and Asset Recovery Section and Assistant U.S. Attorneys John Kucera and Christen Sproule of the Central District of California are prosecuting the case. The Criminal Division’s Office of International Affairs is providing substantial assistance.

The Kleptocracy Asset Recovery Initiative is led by a team of dedicated prosecutors in the Criminal Division’s Money Laundering and Asset Recovery Section, in partnership with federal law enforcement agencies, and often with U.S. Attorney’s Offices, to forfeit the proceeds of foreign official corruption and, where appropriate, to use those recovered asset to benefit the people harmed by these acts of corruption and abuse of office.

In 2015, the FBI formed International Corruption Squads across the country to address national and international implications of foreign corruption. Individuals with information about possible proceeds of foreign corruption located in or laundered through the U.S. should contact federal law enforcement or send an email to kleptocracy@usdoj.gov(link sends e-mail) (link sends e-mail) orhttps://tips.fbi.gov/.

 

A civil forfeiture complaint is merely an allegation that money or property was involved in or represents the proceeds of a crime. These allegations are not proven until a court awards judgment in favor of the U.S.

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US DoJ is throwing the “Acting in the name of the Malaysian people” totally in vain. They did not seek any assistance from the Malaysian law enforcement agencies, which include the Attorney General who is an officer appointed by His Majesty Seri Paduka Baginda Yang DiPertuan Agong.

The Malaysian people is legally represented by the Government which was appointed to office by His Majesty Seri Paduka Baginda Yang DiPertuan Agong, after obtaining the majority control of the 13th Parliament four years ago.

So who are these “Malaysian people” if DoJ failed to consult and sought assistance for the legally instituted democratically elected Government ‘Of Malaysians, by Malaysians and for Malaysians’?

There are individuals named in the same announcement made by AG Lynch last July. However, at the civil courts in the process to forfeit the assets of Low Taek Jho, DoJ agents are facing a stand off as the estoppel made by his family.

The latest news is about US DoJ taking him to face criminal charges.

Fortune story:

Financier at the Center of Malaysia’s Huge Financial Scandal Faces U.S. Criminal Charges

Joseph Hincks

Mar 22, 2017

The Malaysian financier at the center of the country’s 1MDB scandal, which could turn out to be one of the largest cases of financial fraud in history, is set to face criminal charges from U.S. authorities, the Wall Street Journal reports citing an unnamed source.

Criminal charges against the financier Jho Low—who has a reputation for throwing expensive parties and hanging with Hollywood celebrities—would follow separate civil asset-seizure lawsuits filed by the U.S. Justice Department in July.

The civil suits seek more than $1 billion in allegedly stolen assets, including van Gogh and Monet paintings and U.S. real estate. The 35-year-old is accused of attempting to funnel billions of dollars from a Malaysian state fund called 1Malaysia Development Bhd., or 1MDB, and launder it through a series of international transactions.

People familiar with the U.S. investigation told the Journal that the Justice Department was also attempting to tack newly uncovered assets onto the civil claim, such as a 300-foot yacht.

Low, whose family is contesting the asset-seizure lawsuits, has previously described himself to journalists as a victim of Malaysian political infighting

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Even that story is not credible because quoted Wall Street Journal, who have over and over again used “An unnamed source” as a story reference throughout their skewed and even false reports on 1MDB, which include Prime Minister Dato’ Sri Mohd. Najib Tun Razak.

Needless to say, DoJ’s second announcement supposedly to create a shock ripple is nothing but artillery shots firing blank shells. It is loud and smokey but totally ceremonial and no lethal value.

Then again, DoJ’s lack of proper investigation which include statements from those who are purported been robbed but actions already initiated is very much the manifestation of the typical ‘Cowboy’ attitude which the wild, wild west is infamous for.

Shoot first and some quite some more, and then only ask the questions.

It is very much the dramatisation to tickle the mind for the action fix which the American media commercially thrived over the past century and nothing more.

*Updated noon

Media statement, by the ‘aggrieved party’:

Media statement by 1Malaysia Development Berhad 
Issued on 16 June 2017

For immediate publication
US Department of Justice Lawsuits
1MDB notes the contents of a civil lawsuit filed by the United States Department of Justice (“DOJ”) against certain assets.
1MDB highlights that it is not a party to the civil lawsuit nor has it been contacted by the DOJ in relation to this matter.
1MDB notes that the civil lawsuit does not contain any appendices with documentary proof or witness statements to support the allegations made by the DOJ.
As previously stated, 1MDB will fully cooperate with any foreign lawful authority, subject to international protocols governing such matters and the advice of the relevant domestic lawful authorities.
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Published in: on June 16, 2017 at 02:30  Comments (1)