One of sodomite-convict Anwar Ibrahim’s staunchest supporter Tong Kooi Ong whose business paper has been instigating against 1MDB by echoing and perpetuating lies from London based Sarawak Group, deemed with the intent to demonise Prime Minister Dato’ Sri Mohd. Najib Tun Razak, will now be reprimanded.
The Malay Mail Online story:
Home Ministry issues show-cause letter to The Edge over 1MDB coverage
KUALA LUMPUR, July 1 — The Home Ministry has issued a show-cause letter to The Edge over what Putrajaya deemed to be unverified news that was published by the business paper on debt-laden 1 Malaysia Development Berhad (1MDB).
An official with the ministry confirmed that the letter was sent to the publication, but did not reveal further details.
“We are in the midst of preparing a statement now and all the details will be there,” said the official when contacted by Malay Mail Online.
The show-cause letter comes a little over a week after Home Minister Datuk Seri Ahmad Zahid Hamidi declared that the federal government will go after The Edge for publishing what it deems to be unverified news on 1MDB’s aborted joint venture with Petrosaudi International.
Ahmad Zahid said the authorities will investigate the business paper following the arrest of a former PetroSaudi executive believed to be the source of the leaked documents on an abortive US$1.2 billion (RM4.5 billion) 1MDB-PetroSaudi venture from which hundreds of millions were allegedly siphoned out.
The home minister said after receiving a report on the arrest from their Thai counterparts that included forensic analysis of the leaked data, that the Malaysian authorities concluded the documents had been tampered with in a bid to tarnish the joint venture.
“We found from the forensic aspect that the leaked data downloaded by the former executive with malicious intent… to distort facts about the transaction between 1MDB and PetroSaudi and the leaked data was published in Sarawak Report and The Edge.
“And since we are responsible to monitor any publication that gets its licences from [the Home Ministry] so we feel that they will have to bear full responsibility to face any action if they were found to have cherry-picked or were selective or intentionally distorting facts with bad intentions,” Zahid reportedly said.
Zahid also urged the Malaysian Communication Multimedia Commission to investigate and act against Sarawak Report, the whistleblower website that published the alleged leaked email correspondence between 1MDB and PetroSaudi.
The Edge which previously was regarded as a premier business paper has often been talked about as a paper with an agenda. However, in the matters pertaining 1MDB, the connotation and how the stories were skewed is pointing in the direction of the political agenda to topple Prime Minister Najib.
The paper create doubts, angle the rhetorics and echoing lies and fabricated information to point that something amiss and perhaps irregular is happening and this is condoned by the BoD.
Example is 1MDB statement about the treatment of 1MDB investments in Penang and Selangor yesterday.
The Malay Mail Online story:
The Edge: 1MDB claim of ready buyers for Air Itam, Pulau Indah land reeks of LTH fumble
Wednesday July 1, 2015
09:57 AM GMT+8
KUALA LUMPUR, July 1 ― A local business daily today questioned 1Malaysia Development Berhad’s (1MDB) claim of “significant expressions of interest” in its land parcels in Air Itam and Pulau Indah, equating it to Lembaga Tabung Haji’s (LTH) still-unfulfilled claim that it would pull in profit from a controversial land purchase from 1MDB.
The Edge Financial Daily said in an editorial piece that it is unknown if 1MDB has received actual proposals to buy the two land parcels or if the latter’s executive director, Arul Kanda Kandasamy, was merely announcing that they will name an independent consultant in the next two weeks.
“Is 1MDB saying buyers for the Air Itam and Pulau Indah land will be named within two weeks?” the paper asked.
“Otherwise, can anyone be blamed for thinking that the statement sounds all too similar to the one made by Lembaga Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim on the ready buyers available for the pilgrims’ fund’s controversial RM188.5 million purchase of the 0.63ha Signature Tower land in the Tun Razak Exchange (TRX)?
“Did Abdul Azeez not say Tabung Haji was expected to make at least RM5 million profits when the land sale competed as early as end-May? The last we checked, a buyer has not been named,” the paper added.
The Edge said the least 1MDB can do is name the consultant that they should have already hired to evaluate the “significant expressions of interest” the state-owned firm claims the two land parcels have received, to lend credence to Arul Kanda’s statement yesterday.
The business daily said this is especially needed in the case of the Air Itam plot, on which 1MDB spent RM1.056 billion for a majority stake in 234 acres of encumbered land from private owners, including from associates of Penang tycoon Tan Sri Lim Gait Tong.
Despite owning most of the land, 1MDB would still need to get the buy in from the estimated 1,200 ground tenants on the Air Itam plot, which could potentially work out to some RM108 million in compensation payment, the paper added.
“Would any third party want to jump into the fray if there is no assurance of a settlement with these ground tenants who are not mere squatters?” The Edge queried.
The paper also raised questions over the status of the 310-acre Pulau Indah land, noting that there has not been any news of 1MDB finalising the RM294.378 million price to buy the plot from Tadmax Resources Bhd.
“The sale was supposed to be completed yesterday, according to Tadmax’s December 16, 2014 statement. At the time of writing, there was no update on whether the deal has been completed,” it said.
Debt-riddled 1MDB announced yesterday it has received “significant” proposals to buy two large parcels of land in Selangor and Penang even as critics question the state-owned investment’s purchase of them.
In a statement, Arul Kanda said the Cabinet had been informed of the company’s intention to “monetise” its land in Pulau Indah, Selangor and Air Itam, Penang through joint ventures or outright sales on February 15 this year.
Arul Kanda added that the company will appoint an independent real estate consultant to review the proposals and will provide an update of the development in the next two weeks.
1MDB’s announcement came after opposition MP Tony Pua questioned the real estate deals, in particular the 310-acre land in Pulau Indah the company bought for RM282 million from Tadmax Resources Bhd, after securing a US$150-million (RM540 million) loan from Export Import (EXIM) Bank.
The DAP MP has suggested that the transaction was a front to bail out troubled government-linked companies, pointing out that Tadmax was formerly known as Wijaya Baru Global Bhd before November 2013, and that Wijaya was known for its involvement in the RM12.5 billion Port Klang Free Zone (PKFZ) scandal.
Home Ministry and MCMC should also extend the investigation to other media organisation under Tong Kooi Ong’s sty, which include BFM radio station.
The concept of freedom of expression does not tantamount of the liberty to perpetuate lies and cause discomfort and even anguish amongst the general public and compound a distrust against the government.
That is nothing but sinister and such sinister agenda isn’t actually moving the nation forward, even from the perspective of universal values.