Thursday, March 24, 2016 1:39:47 AM
Former Malaysian premier Mahathir sues PM Najib over 'abuse of power'
Mahathir Mohamad’s lawsuit demands Najib pay damages over missing millions and accuses him of trying to obstruct investigations into the case
Malaysia’s prime minister Najib Razak has denied any wrongdoing.
Photograph: Olivia Harris/Reuters
Oliver Holmes in Bangkok
Wednesday 23 March 2016 18.34 AEDT
Last modified on Wednesday 23 March 2016 18.36 AEDT
Former Malaysian prime minister Mahathir Mohamad is suing the current premier Najib Razak for corruption and misfeasance in public office, according to a statement from his law firm.
Mahathir, 90, who served for more than two decades, has led the charge against his former protégé who has faced corruption allegations
that are linked to the debt-laden state fund 1 Malaysia .. http://www.theguardian.com/world/malaysia .. Development Bhd (1MDB).
--
Malaysia's Mahathir: strongman turns activist to unseat former protégé
Read more > http://www.theguardian.com/world/2015/oct/23/malaysia-mahathir-strongman-turns-activist-unseat-former-protege-najib
--
Mahathir and two of his allies, former members of the ruling United Malay National Organisation (UMNO) party that Najib now heads, are seeking a high court order for the country’s leader to pay millions of pounds in damages.
The lawsuit on Wednesday accused Najib of “carrying out various steps that were actively and deliberately taken in bad faith.”
Mahathir also accused Najib of trying to “obstruct, interfere, impede and derail the various investigations and inquiries which were being conducted by various legal enforcement agencies”.
Najib has vigorously denied that he pocketed $681m (£479m) from 1MDB. This year, Malaysia’s attorney general cleared him of any criminal offences, saying the millions transferred into Najib personal bank account was a gift from the royal family in Saudi Arabia .. http://www.theguardian.com/world/saudiarabia .. and not from 1MDB.
Known as the “Father of modern Malaysia”, Mahathir has also criticised Najib’s government for arbitrary arrests and a media crackdown, similar to accusations that where lobbied against him during his time in office from 1981 to 2003.
Mahathir has called for a vote of no confidence against Najib in parliament, which has not materialised, and also attended in person an anti-government rally last year in downtown Kuala Lumpur.
Last month, in protest of Najib’s rule, Mahathir resigned from the UMNO party, a political body that he made extremely powerful in Malaysian governance. He also accused Najib of buying politicians .. http://www.theguardian.com/world/2015/aug/21/malaysias-mahathir-calls-for-parliament-to-sack-prime-minister-najib-razak .
In response, Najib has sidelined Mahathir and Malaysian police investigated and questioned .. http://www.theguardian.com/world/2015/sep/02/malaysian-police-question-mahathir-anti-government-rally-bersih .. him for “criminal defamation” after the comments he made during the rally in the capital last year.
Malaysia’s minister of communications Salleh Said Keruak told the Guardian in a statement on Wednesday that the lawsuit shows Mahathir “ is clutching at straws.”
“Tun Mahathir tried to topple the prime minister through UMNO. He failed,” he said, using the honorific title. “Tun Mahathir tried a parliamentary vote of no confidence. He failed. Now Tun Mahathir is trying to sue. His accusations are false, so he will fail yet again.”
“Tun Mahathir has run out of options. This action shows that he has no political channels left.”
1MDB was launched in 2009 by Najib, who still chairs its advisory board. Critics say it has been opaque in explaining its dealings. Several international investigation are investigating 1MDB.
Reuters contributed to this report.
http://www.theguardian.com/world/2016/mar/23/former-malaysian-premier-mahathir-sues-pm-najib-over-abuse-of-power
---
1MDB: The case that's riveting Malaysia
26 January 2016
Mr Najib has denied all wrongdoing after reports that almost $700m (£450m) were
transfered into his personal account
Malaysians are no strangers to money politics but the high-profile players and the amount
of funds allegedly involved in the so-called "1MDB scandal" have gripped the nation.
http://www.bbc.com/news/world-asia-33447456
---
‘I will resolve 1MDB issue’
by cecilia kok
Thursday, 24 March 2016
[VIDEO:] : 15:44
More in News .. if interested all worth a quick peek ..
Stop trying to be like Arabs, Ruler advises Malays
http://www.thestar.com.my/news/nation/2016/03/24/stop-trying-to-be-like-arabs-ruler-advises-malays/
Mayhem ends in ejection
http://www.thestar.com.my/news/nation/2016/03/24/mayhem-ends-in-ejection-guan-eng-gets-the-boot-while-rahman-makes-fresh-claims/
Chaos as students rush for book vouchers
http://www.thestar.com.my/news/nation/2016/03/24/chaos-as-students-rush-for-book-vouchers/
Mozambique debris ‘almost certainly from MH370’
http://www.thestar.com.my/news/nation/2016/03/24/mozambique-debris-almost-certainly-from-mh370/
Federal Court: Only Muslims can be Syariah lawyers
http://www.thestar.com.my/news/nation/2016/03/24/federal-court-only-muslims-can-be-syariah-lawyers/
KUALA LUMPUR: Bank Negara’s outgoing governor Tan Sri Dr Zeti Akhtar Aziz has promised to use her remaining 38 days in office to resolve the 1Malaysia Development Bhd (1MDB) issue before handing over the reins to her successor.
“I want closure on the 1MDB case, as I want the new governor to start with a clean slate ... and not have to deal with the matter that happened during my time,” Zeti said.
The central bank has commenced administrative enforcement actions against 1MDB for failure to submit documentary evidence pertaining to the state fund’s inability to repatriate the US$1.83bil (RM7.16bil) it had used abroad.
In relation to the central bank’s action against 1MDB, Dr Zeti said the Federal Government-owned fund had not fully complied with the central bank’s directive on repatriating the funds.
“So we are pursuing appropriate administrative enforcement action as allowed to us by the laws under which Bank Negara operates,” Dr Zeti told reporters after her last presentation of Bank Negara’s annual report here yesterday.
1MDB, in an immediate response, reiterated that it had fully cooperated with the central bank in the past 12 months.
“We highlight that 1MDB has fully cooperated to the extent possible with Bank Negara’s investigations, including providing documentary evidence where available.”
Bank Negara had, in August 2015, revoked three permissions granted to 1MDB under the Exchange Control Act 1953 (ECA) for investments abroad totalling US$1.83bil (RM7.3bil) and issued a directive under the Financial Services Act 2013 to 1MDB to repatriate the sum to Malaysia.
The central bank also recommended criminal action against 1MDB.
But in September last year, the Attorney-General (A-G) cleared 1MDB of any wrongdoing, and said no further action should be taken against the debt-ridden fund.
Zeti conceded that the proposed administrative enforcement actions, which could result in either a penalty or compound against 1MDB, would still require the A-G’s endorsement.
Zeti, who officially retires at the end of April after 35 years with the central bank, also outlined the qualities of her successor.
She said the next central bank chief would need to command the respect of the people and the markets besides having to manage monetary and financial stability at a volatile time for the global economy.
“Not anybody can be appointed to the position,” she said, adding that candidates must have extensive knowledge, especially in the current volatile economic environment.
Several names have emerged as possible successors, with Bank Negara’s most senior deputy governor Datuk Muhammad Ibrahim, a career central banker, reckoned as the internal candidate of choice.
Besides him, the names of three others have been speculated as possible successors – the Minister in charge of economic planning in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar, Malaysian ambassador to the United States Datuk Awang Adek Hussin, and the secretary-general of the Treasury at the Finance Ministry Tan Sri Mohd Irwan Serigar Abdullah.
http://www.thestar.com.my/news/nation/2016/03/24/i-will-resolve-1mdb-issue/
Mahathir Mohamad’s lawsuit demands Najib pay damages over missing millions and accuses him of trying to obstruct investigations into the case
Malaysia’s prime minister Najib Razak has denied any wrongdoing.
Photograph: Olivia Harris/Reuters
Oliver Holmes in Bangkok
Wednesday 23 March 2016 18.34 AEDT
Last modified on Wednesday 23 March 2016 18.36 AEDT
Former Malaysian prime minister Mahathir Mohamad is suing the current premier Najib Razak for corruption and misfeasance in public office, according to a statement from his law firm.
Mahathir, 90, who served for more than two decades, has led the charge against his former protégé who has faced corruption allegations
that are linked to the debt-laden state fund 1 Malaysia .. http://www.theguardian.com/world/malaysia .. Development Bhd (1MDB).
--
Malaysia's Mahathir: strongman turns activist to unseat former protégé
Read more > http://www.theguardian.com/world/2015/oct/23/malaysia-mahathir-strongman-turns-activist-unseat-former-protege-najib
--
Mahathir and two of his allies, former members of the ruling United Malay National Organisation (UMNO) party that Najib now heads, are seeking a high court order for the country’s leader to pay millions of pounds in damages.
The lawsuit on Wednesday accused Najib of “carrying out various steps that were actively and deliberately taken in bad faith.”
Mahathir also accused Najib of trying to “obstruct, interfere, impede and derail the various investigations and inquiries which were being conducted by various legal enforcement agencies”.
Najib has vigorously denied that he pocketed $681m (£479m) from 1MDB. This year, Malaysia’s attorney general cleared him of any criminal offences, saying the millions transferred into Najib personal bank account was a gift from the royal family in Saudi Arabia .. http://www.theguardian.com/world/saudiarabia .. and not from 1MDB.
Known as the “Father of modern Malaysia”, Mahathir has also criticised Najib’s government for arbitrary arrests and a media crackdown, similar to accusations that where lobbied against him during his time in office from 1981 to 2003.
Mahathir has called for a vote of no confidence against Najib in parliament, which has not materialised, and also attended in person an anti-government rally last year in downtown Kuala Lumpur.
Last month, in protest of Najib’s rule, Mahathir resigned from the UMNO party, a political body that he made extremely powerful in Malaysian governance. He also accused Najib of buying politicians .. http://www.theguardian.com/world/2015/aug/21/malaysias-mahathir-calls-for-parliament-to-sack-prime-minister-najib-razak .
In response, Najib has sidelined Mahathir and Malaysian police investigated and questioned .. http://www.theguardian.com/world/2015/sep/02/malaysian-police-question-mahathir-anti-government-rally-bersih .. him for “criminal defamation” after the comments he made during the rally in the capital last year.
Malaysia’s minister of communications Salleh Said Keruak told the Guardian in a statement on Wednesday that the lawsuit shows Mahathir “ is clutching at straws.”
“Tun Mahathir tried to topple the prime minister through UMNO. He failed,” he said, using the honorific title. “Tun Mahathir tried a parliamentary vote of no confidence. He failed. Now Tun Mahathir is trying to sue. His accusations are false, so he will fail yet again.”
“Tun Mahathir has run out of options. This action shows that he has no political channels left.”
1MDB was launched in 2009 by Najib, who still chairs its advisory board. Critics say it has been opaque in explaining its dealings. Several international investigation are investigating 1MDB.
Reuters contributed to this report.
http://www.theguardian.com/world/2016/mar/23/former-malaysian-premier-mahathir-sues-pm-najib-over-abuse-of-power
---
1MDB: The case that's riveting Malaysia
26 January 2016
Mr Najib has denied all wrongdoing after reports that almost $700m (£450m) were
transfered into his personal account
Malaysians are no strangers to money politics but the high-profile players and the amount
of funds allegedly involved in the so-called "1MDB scandal" have gripped the nation.
http://www.bbc.com/news/world-asia-33447456
---
‘I will resolve 1MDB issue’
by cecilia kok
Thursday, 24 March 2016
[VIDEO:] : 15:44
More in News .. if interested all worth a quick peek ..
Stop trying to be like Arabs, Ruler advises Malays
http://www.thestar.com.my/news/nation/2016/03/24/stop-trying-to-be-like-arabs-ruler-advises-malays/
Mayhem ends in ejection
http://www.thestar.com.my/news/nation/2016/03/24/mayhem-ends-in-ejection-guan-eng-gets-the-boot-while-rahman-makes-fresh-claims/
Chaos as students rush for book vouchers
http://www.thestar.com.my/news/nation/2016/03/24/chaos-as-students-rush-for-book-vouchers/
Mozambique debris ‘almost certainly from MH370’
http://www.thestar.com.my/news/nation/2016/03/24/mozambique-debris-almost-certainly-from-mh370/
Federal Court: Only Muslims can be Syariah lawyers
http://www.thestar.com.my/news/nation/2016/03/24/federal-court-only-muslims-can-be-syariah-lawyers/
KUALA LUMPUR: Bank Negara’s outgoing governor Tan Sri Dr Zeti Akhtar Aziz has promised to use her remaining 38 days in office to resolve the 1Malaysia Development Bhd (1MDB) issue before handing over the reins to her successor.
“I want closure on the 1MDB case, as I want the new governor to start with a clean slate ... and not have to deal with the matter that happened during my time,” Zeti said.
The central bank has commenced administrative enforcement actions against 1MDB for failure to submit documentary evidence pertaining to the state fund’s inability to repatriate the US$1.83bil (RM7.16bil) it had used abroad.
In relation to the central bank’s action against 1MDB, Dr Zeti said the Federal Government-owned fund had not fully complied with the central bank’s directive on repatriating the funds.
“So we are pursuing appropriate administrative enforcement action as allowed to us by the laws under which Bank Negara operates,” Dr Zeti told reporters after her last presentation of Bank Negara’s annual report here yesterday.
1MDB, in an immediate response, reiterated that it had fully cooperated with the central bank in the past 12 months.
“We highlight that 1MDB has fully cooperated to the extent possible with Bank Negara’s investigations, including providing documentary evidence where available.”
Bank Negara had, in August 2015, revoked three permissions granted to 1MDB under the Exchange Control Act 1953 (ECA) for investments abroad totalling US$1.83bil (RM7.3bil) and issued a directive under the Financial Services Act 2013 to 1MDB to repatriate the sum to Malaysia.
The central bank also recommended criminal action against 1MDB.
But in September last year, the Attorney-General (A-G) cleared 1MDB of any wrongdoing, and said no further action should be taken against the debt-ridden fund.
Zeti conceded that the proposed administrative enforcement actions, which could result in either a penalty or compound against 1MDB, would still require the A-G’s endorsement.
Zeti, who officially retires at the end of April after 35 years with the central bank, also outlined the qualities of her successor.
She said the next central bank chief would need to command the respect of the people and the markets besides having to manage monetary and financial stability at a volatile time for the global economy.
“Not anybody can be appointed to the position,” she said, adding that candidates must have extensive knowledge, especially in the current volatile economic environment.
Several names have emerged as possible successors, with Bank Negara’s most senior deputy governor Datuk Muhammad Ibrahim, a career central banker, reckoned as the internal candidate of choice.
Besides him, the names of three others have been speculated as possible successors – the Minister in charge of economic planning in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar, Malaysian ambassador to the United States Datuk Awang Adek Hussin, and the secretary-general of the Treasury at the Finance Ministry Tan Sri Mohd Irwan Serigar Abdullah.
http://www.thestar.com.my/news/nation/2016/03/24/i-will-resolve-1mdb-issue/
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
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