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[Jenayah]
SR, Wall Street Journal berterusan memfitnah Najib- PANAS! bukti dah keluar
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PC yg diorg rampas semlm dlm the star tu PC zaman bila wei.. agak2la klu nak nipu.. org dh tak pakai dh pc tu.. drama ni semua.. |
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hmmm...melayu telah di pegang yahudi ka? tunduk kpd tekanan amerika?
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On The Trail Of The Missing Billions - Jho Low's Swiss Accounts In Singapore
7 JUL 2015
THIS POST IS ALSO AVAILABLE IN: MALAY
Coutts Zuich - Britain's posh private bank is at the centre of the 1MDB scandal and the suspicious transaction of US$700 million
Coutts Zuich – Britain’s posh private bank is at the centre of the 1MDB scandal and the suspicious transaction of US$700 million
Sarawak Report has learnt that a coordinated international operation is now underway to discover the destination of the missing billions of ringgit that ‘leaked’ out of 1MDB’s PetroSaudi and indeed other deals.
The 1MDB PetroSaudi joint venture bank transfers involved dollars, which has engaged the United States banking system and regulators in the matter of suspicious transfers.
Also, the money was transferred from Malaysia (using 1MDB’s international bank Deutsche Bank) and into Swiss Bank accounts, which likewise brings in the Swiss authorities.
Now there is increasing accumulated evidence that much of this money was then transferred to Singapore, the international banking centre on Malaysia’s own doorstep.
PetroSaudi International's HQ at 1 Curzon Street in Mayfair - the London connection
PetroSaudi International’s HQ at 1 Curzon Street in Mayfair – the London connection
Meanwhile, the UK is the international headquarters of PetroSaudi International, which conducted all its dealings with 1MDB using professionals in London.
Sarawak Report can now confirm the earlier news reports that UK detectives have questioned the arrested former PetroSaudi Director, Xavier Justo, in Bangkok.
All these authorities are now engaged, since they are bound by international anti-money laundering regulations to investigate suspicious transactions and Sarawak Report has learnt that a series of interchanges have indeed taken place over past weeks between the international regulators involved.
The Singapore connection – Jho Low’s Good Star money
Najib Razak visited Singapore on 5th May and it is believed the Prime Minister put pressure in terms of bi-lateral relations on the city state to withhold further information that is plainly available to the Singapore authorities about the 1MDB money trail.
Delays from Singapore would seriously hamper the investigation into 1MDB and undermine its banking credibility, if proven to be the case.
Nevertheless, Sarawak Report has managed to identify that Singapore investigators had already traced a total of US$530 million, which travelled from the Good Star account in Zurich, which received the bulk of the 1MDB PetroSaudi joint venture money, into an account belonging to Jho Low in Singapore after the PetroSaudi deal.
The money was sent in 5 separate transfers from Zurich into an account owned by Jho Low at the Swiss Bank BSI’s Singapore branch.
Singapore authorities have confirmed that the ADKMIC account at BSI Bank is beneficially owned by Jho Low
Singapore authorities have confirmed that the ADKMIC account at BSI Bank was beneficially owned by Jho Low
This account at BSI Bank was in the name of the company ADKMIC (Abu Dhabi Kuwait Malaysia Investment Corporation), which the investigators say was beneficially owned by Jho Low himself.
Clear money trail
This means there is a clear trail, in spite of the most recent claim that Good Star Limited was owned by PetroSaudi, which link Jho Low to the 1MDB money.
The key players - left to right - Jho Low; Prince Turki (PetroSaudi); PM Najib Razak; Rosmah Mansor (wife); son; Tarek Obaid (PetroSaudi); daughter
The key players – left to right – Jho Low; Prince Turki (PetroSaudi); PM Najib Razak; Rosmah Mansor (wife); son; Tarek Obaid (PetroSaudi); daughter
1 – Photos and emails show that Jho Low was at the meeting August 15th 2009 with the Prime Minister and executives from PetroSaudi, which sparked the joint venture deal.
2 – Emails and documents show that Jho Low and his team then met PetroSaudi’s Directors in New York and agreed to the joint venture plan – and also specifically to a written acceptance that PetroSaudi would in return be pleased to act “as a front” for other deals.
3 – Jho Low master-minded the joint venture negotiations with all initial plans and documents coming from his own office. He attended the meetings between 1MDB officials and PetroSaudi executives in September in London, having introduced them by conference call a few days earlier.
4 – Copious emails show that Jho Low was deeply involved in the last minute frantic negotiations around the money transfers, which eventually saw US$700 million pass from 1MDB into the RBS Coutts Zurich bank account of the Cayman company Good Star. Later a further USD$330 million was transferred to Good Star in 2011 directly from 1MDB
Money went from 1MDB director to Good Star
Money went from 1MDB director to Good Star
5 – Considerable evidence shows that Good Star is a company that was controlled by Jho Low. The Chief Investment Officer of Good Star was Seet Li Lin, who works for Jho Low. What’s more, on the day of the deal Good Star paid PetroSaudi Director Tarek Obaid US$85 million for a “brokerage fee”, while also hiring PetroSaudi Director Patrick Mahony to manage a USD$85 million fund.
Jho Low's deputy was the Chief Investment Office of Good Star
Jho Low’s deputy Seet was the Chief Investment Office of Good Star, which gives an address in the Seychelles
6 – Although, PetroSaudi have recently attempted to say that Good Star was a subsidiary, the company has never been registered in PetroSaudi’s group structure and we now have proof that a huge sum of money – US$530 million – flowed from the very same Good Star account in Zurich, not into PetroSaudi accounts, but into accounts belonging to Jho Low between June 2011 and September 2013.
Time Singapore completed and published its investigations
Jho Low closed the BSI Singapore ABKMIC account in February 2014.
However it is entirely possible for the Singapore authorities to tell the Malaysian investigators into the missing 1MDB millions where that money went.
Yet so far there is no sign that Singapore have been willing to impart this information, despite their obligations under global anti-money laundering regulations. This raises the question if they are being pressured at the highest level by Najib to obstruct the due course of investigations?
It is notable that BSI Singapore branch is the very same bank that was holding what 1MDB had claimed was remaining money “in cash” from the PetroSaudi deal, even though it was known that the bulk of the money went elsewhere.
Pressured by investigators, BSI admitted that 1MDB CEO Arul Kanda had been lying when he claimed there was cash in their account. In March of this year the bank confirmed that it was merely ‘paper assets’, later re-defined as “units” by the Ministry of Finance.
The Chief Branch Officer of BSI Singapore has been on forced leave since the investigations began after Sarawak Report’s original exposes on 1MDB.
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TRAIN SPOTTING: Racing towards the end of the line for Jho Low and his gravy train 'Good Star' and if the S'pore authorities were to complete their investigations, we would finally know its final destination. It is high time the Malaysia authorities act fast by demanding his presence before the PAC before the money disappears in some network of 'railroad tracks' into unknown territories and may take longer time to spot.
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Watch Dog • 2 days ago
Take his passport and restricft his movement within the country.Please freeze all his account or accounts related to him and charge him for money laundering,tax evasion and conspiracy to defraud the country. We must NOT rest and where are you Mr Tony Pua?? We need people like you and together with SR, all will be exposed oincluding the death of AM banker founder.May his soul rests in Peace!! FRAUD is also a menace just like dadah
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Mensia Degil Hannah Tan • a day ago
No Hannah, the facts clearly point out that J Low is just another Penang Con Artist. I don't know whether that has something to do with the water or the attitude, but suffice to say, he is from Penang and he is a Con Artist. And like all good Ponzi Schemes Hannah, he was helped by Tiffany and his darling Lin. SR is merely reporting the facts as it is.
Now go and play with your friends, this is for Grown Ups.
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jibby pengecut ni x brani nk jwb sendiri....semua suruh badut task force dia yg jwb.....
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Shahbudin: Najib, Rosmah’s bank accounts double trouble
Joe Fernandez
July 10, 2015
http://www.freemalaysiatoday.com/category/nation/2015/07/10/shahbudin-najib-rosmahs-bank-accounts-double-trouble/
The Attorney General has to answer on the origin and nature of the funds that entered these accounts and their final destination.
KUALA LUMPUR: The issue that arises again in the wake of Attorney- General Abdul Gani Patail confirming that Prime Minister Najib Abdul Razak had two bank accounts at AmBank and the latter’s refusal to give a simple Yes or No answer, is once again hogging the limelight, notes a political analyst.
Also, The Sarawak Report has since released documents showing that monies entered the bank account of Rosmah Mansor, Najib’s wife, between 10 February and 23 April this year. “So far, the documents show RM2 million.”
This has now become a husband-and-wife scandal, said Shahbudin Husin. “For years, it was the KLCC and Putrajaya which were our pride. Now, we have to take ‘pride’ in this scandalous husband and wife pair.”
Najib had two issues and one has been answered by the AG, said the analyst i.e. whether he has or had bank accounts with AmBank private banking services, as alleged by the Wall Street Journal (WSJ) in a report last Friday; while the other question is whether extraordinarily large sums of monies entered these accounts, as stated by the American newspaper.
“Initially, when the AG said that none of the six frozen bank accounts belong to Najib, his supporters were very happy and were quick to point the fingers of blame at WSJ,” said Shahbudin Husin. “Then, they fell silent, when the AG came back a day later to confirm that Najib did indeed have two accounts with AmBank. They were not frozen because they were closed on 30 August 2013 and 9 March this year.”
Now what remains, he added, was whether extraordinarily large sums of monies entered these accounts as alleged by WSJ. “This is where the Task Force has to do its work and make the findings public.”
Also, he stressed, questions arise: “Why were these accounts closed?” Were these accounts also closed in order to evade making tracing (movement of funds) difficult? Were these accounts closed because the funds were transferred to other accounts, invested, the funds exhausted, or are they being kept in cash somewhere?”
“These questions are among the most interesting ones now that the AG has also confirmed that documents relating to Najib’s closed accounts have been seized.”
Elsewhere, it will be difficult to deny The Sarawak Report as the details are very clear and complete. “Rosmah doesn’t seem to be the ordinary housewife as presented by her aides so far. Where did she get the funds to deposit in her bank account?”
Other questions arise, said the analyst: “Are these old savings or a sign of love from Najib? If the latter, from where did Najib get the monies and how did he secure them? Or, is the source from elsewhere which only Rosmah knows?”
Shahbudin expects Rosmah to issue a public statement in a day or two declaring that she “never took the people’s money, or from Permata the organisation she heads, that the money is not for her personal use, that if she stole money she wouldn’t keep it in the country etc etc.”
The analyst reminded that although the Task Force comprising the AG’s Chambers, police, Bank Negara and the Malaysian Anti Corruption Commission (MACC) reports to Najib the suspect, who is also Prime Minister and Finance Minister, “they are responsible to the people and God” in the matter”.
“It means everything in this case.”
Revisiting the public position that Najib should go on leave while the Task Force carries out its investigation, he pointed out that Inspector General of Police Khalid Abu Bakar has been more interested in warning that those who leaked information would be dealt with. “The IGP does not report directly to the Prime Minister but Home Minister Ahmad Zahid Hamidi,” said Shahbudin. “Khalid’s attitude on the scandal has people worried.”
“Najib should go on leave since he’s in fact the subject of investigation. The Task Force can’t be reporting to him. It will have no credibility and no legitimacy,” he said. “It’s important that the people have confidence in the whole investigative process and the Task Force
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Hornbill Unleashed
March 14, 2015
Dr M: How did PM’s stepson afford lush condos
Filed under: Politics — Hornbill Unleashed @ 8:00 AM
Former prime minister Dr Mahathir Mohamad has joined in the chorus of calls to Prime Minister Najib Abdul Razak to explain his family’s wealth.
In a post on his blog today, Mahathir took aim at Najib’s stepson Riza Aziz, questioning how Riza could afford hundreds of millions of ringgit to purchase real estate in the US and produce Hollywood films.
“Initially, Riza’s money is said to be from inheritance of (former prime minister) Abdul Razak Hussein’s family. Then it was denied.
“The question is, if it is not from Razak’s family, then where did so much money come from?
“Is it from business? If yes, what kind of business and where? Was income tax collected? By which government?” Mahathir asked in his posting.
Money trail
Riza had previously said that Penang-born billionaire Jho Low had helped fund his company Red Granite Pictures to produce the Oscar-nominated film The Wolf of Wall Street.
Jho Low’s name is also mentioned in the film’s end credit.
However, according to New York Times, the end credits was later changed and Riza attributed the film’s financing to Aabar Investments chief executive Mohamed Ahmed Badwy al-Husseiny, who have also had business dealings with Jho Low and 1MDB.
Jho Low had also admitted to selling a penthouse to Riza for US$33.5 million (RM124 million) and another Los Angeles mansion for US$65 million but insisted it was done at market value.
Previously, the Prime Minister’s Office had attributed Najib’s family wealth to inheritance after a query from New York TImes about the premier’s jet-setting ways, his wife’s luxury jewellery and alleged stacks of cash at his home as claimed by a former aide.
The explanation appeared to have irked Najib’s sbilings, who issued a rare public statement, stressing that their father Abdul Razak was a principled man known for his frugality and any suggestions otherwise tainted the memory of the statesman.
The statement, which excluded Najib, was signed by Johari, Nizam, Nazim and Nazir.
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Rosmah's 'shopping spree' hits Aussie paper
110 0 0 117
The big spending habits of another member of Prime Minister Najib Abdul Razak’s family caught the attention of the Australian media again today - this time in Sydney.
In the 'Private Sydney' section of the Australian daily Sydney Morning Herald, columnist Andrew Hornery called Rosmah the “first lady of shopping”, allegedly for spending A$100,000 (RM325,000) at a Sydney boutique.
Quoting Sydney designer Carl Kapp, the columnist reported that Kapp’s “biggest customer” had spent the astounding amount during a “private holiday” there “a little more than a fortnight ago”.
darling hotel sydney australiaAccording to the column, Rosmah and Najib had during the holiday stayed at the A$20,000 (RM65,100) a night penthouse (right) at the newly-minted five-star Darling Hotel.
Headlined ‘Super Kerr Now a Model Citizen’, the column also reported that Rosmah had requested “valet parking for her limo” and was flying Kapp out to Malaysia for fittings of the clothes she ordered.
“(Kapp said) he was being flown to Malaysia next month with a collection of ‘toiles’ for (Rosmah) Mansor to try on before completing her massive order of 61 dresses, pants and tops.
“All made from the finest silk and in a variety of exotic colours and prints, Kapp said his new muse had ‘a very good eye for colour and she likes a lot of prints’,” the prominent daily’s lifestyle column reported.
PM’s wife 'absolutely gracious'
Rosmah had recently been under fire for allegedly purchasing a diamond ring worth RM24 million, which she has vehemently denied, and for owning several Hermes handbags worth thousands of ringgit.
“In recent months, (Rosmah) Mansor... has been forced to deny reports she had bought a US$24 million diamond and a US$200,000 (RM621,000)-plus crocodile skin, bejewelled Hermes handbag," said Hornery in his SMH column.
“Kapp, who has a keen eye for such bags, having worked for Hermes, said he did not see any such handbag when he met her."
The designer also added that Rosmah is nothing like her critics accuse her of being but was “absolutely gracious and easy to deal with”.
It noted that the alleged shopping spree of the PM’s wife was first reported on fashion blog Frockwriter, in a Jan 17 posting.
carl kapp sydney designerKapp (right) was quoted as saying that he had also met Najib, who was “relaxing, snuggling up and looking very happy together” with his wife.
“There, surrounded by samples, fabric swatches, sketches and Rosmah’s many attendants, who appeared to be gearing up for a New Year’s Eve party, Kapp was introduced to a casually-attired Malaysian Prime Minister Najib Razak,” it read.
Malaysiakini has contacted the PM’s office for a response.
Last October, Najib’s daughter, who was not named, was reported by the Western Australian of having spent lavishly at David Jones in Perth during the Commonwealth Heads of Government Meeting (CHOGM).
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216 14 1 419
Stop flattering Najib, envoy Zahrain told
FMT Reporters | April 23, 2015
He should stick to diplomacy and stay out of politics, says Khairuddin Abu Hassan.
Zahrain Hashim khairuddin abu hassan
PETALING JAYA: A former Umno official has denounced the Malaysian Ambassador to Indonesia, Zahrain Hashim, for issuing a public statement in defence of Prime Minister Najib Abdul Razak’s allegedly lavish lifestyle.
“He has crossed the line that separates diplomacy from politics in his eagerness to flatter Najib,” said Khairuddin Abu Hassan, who was recently sacked from his position as Vice Chairman of the Batu Kawan Umno division.
Zahrain, in an interview with Utusan Malaysia, reacted to a magazine article about the spending habits of Najib and his wife, Rosmah Mansor, by implying that they could afford an expensive lifestyle because the Prime Minister is of upper-class birth.
Khairuddin said in a press statement today that Zahrain seemed oblivious of the current political developments in the country and the moral issues being raised in connection with questions regarding Najib’s suitability as Prime Minister and Umno President.
“Perhaps Zahrain is forgetful,” he said. “Recently, Najib’s brothers issued a statement defending their father, former prime minister Tun Razak Hussein, from any insinuation that he accumulated wealth during his tenure.”
The statement from Najib’s brothers came after the New York Times quoted the Prime Minister’s Office (PMO) as saying: “Neither any money spent on travel, nor any jewellery purchases, nor the alleged contents of any safes are unusual for a person of the Prime Minister’s position, responsibilities and legacy family assets.” The PMO’s statement was a response to questions about Rosmah’s spending.
“Even if the Prime Minister comes from a noble family with a lot of money,” Khairuddin said, “he must, if he wants to be an effective and successful leader, display a moderate lifestlye. That would be more in keeping with Malay culture. The Malays look highly upon people of high birth who live moderately.
“Unfortunately, some Umno leaders have forgotten this. They love to exhibit a lavish lifestyle. Such ostentation has invited all kinds of negative perceptions among the rakyat.”
Khairuddin reminded Zahrain that he used to be a member of PKR, whose leaders would often criticise Umno leaders for their extravagance.
“I hope Dato Seri Zahrain would focus only on his responsibilies as our ambassador to Indonesia and restrain himself from getting involved in Malaysia’s domestic politics,” he said.
Khairuddin also took issue with Zahrain’s insinuation that one of former premier Mahathir Mohamad’s son, Mokhzani, got rich by taking advantage of his father’s position.
He said Mahathir’s children found success after decades of hard work. “They did not become rich in their youth,” he added.
Khairuddin, who shot to fame with his police and MACC reports against 1MDB, is seen as aligned to Mahathir’s camp. He has become a frequent critic of the Najib administration, occasionally releasing press statements in his individual capacity.
In today’s statement, he referred to the current political battle between Mahathir and Najib, claiming that the ex-premier’s criticisms were motivated by a sincere wish to ensure that voters would continue to support Umno and Barisan Nasional.
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Najib allocated RM1.2 Billion to Rosmah Mansor – nobody knows how the money was being used
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There are good reasons why the opposition does not and should not reveal its shadow cabinet. It would be a suicidal mission to do so in a country like Malaysia whereby racial politics and race-based policies are part and parcel of present government which has been ruling since independence. The moment the shadow cabinet is revealed, the government-owned media will spin till kingdom come to scare the heck out of rural voters. Hence, as expected, when the opposition presents their superior Shadow Budget, it wasn’t mentioned and compared in a fair manner by the media.
Whatever good idea proposed by the opposition will be rubbished as another way that could bankrupt the country – a lazy way by Najib regime’s propaganda machines in answering opposition propositions. By the same token, the prime minister should not whine when the alternate internet media criticises his recent budget which consists of nothing but Election Budgetdesigned to buy votes out of taxpayers’ own money. Considering BN government has successfully increased the nation’s federal total debt from less than RM200 billion in 2003 to an estimated RM502 billion in 2012, this is perhaps one of Mahathir’s greatest achievements – producing incompetent leaders who excel only in worshipping the dictator.
Naturally, when Abdullah Badawi took over from Mahathir, the country was in auto-pilot mode while his administration spent as if they’re printing $US dollar notes. By the time Badawi booted from the office, the federal debt skyrocket to slightly more than RM300 billion in 2008. Well, if you think a sleepy prime minister was bad, wait till you hear what a transformation prime minister did in a short 4-year. Najib Razak, whose favourite movie is none other than Michael Bay’s Transformers has leapfrog the nation to a new level – increases the debt to RM502 billion this year, the highest in history and reaching 54% of GDP. In short Najib doubled the debt in 4-year what Badawi managed to do in 8-year, an impressive milestone indeed (*grin*).
That’s just 1% (percentage) point before hitting the legislated debt ceiling of 55%. If this is not moving the country towards bankruptcy, I do not know what else is. While we’re waiting to see if the PM Najib will pooh-pooh the national debt as just paper debt, made famous by Mahathir while he was in office about paper loss due to forex gambling, let’s look at all the goodies and sweeteners before the coming general election:
Bantuan Rakyat 1Malaysia (BR1M 2.0)
As expected PM Najib Razak put on Santa Claus costume again, dishing RM500 assistance money for a household earning less than RM3,000 – the second cash given since its first last year. The qualification criteria remains the same per previous time, so if you managed to pocket it last year you don’t have to queue or camp overnight as your particulars are already in the system. But if you’re new then you may register starting Nov 2012 (some say this month). The RM250 will be paid effective Jan 2013.
In addition, BR1M is extended for single unmarried individuals aged 21 and above with monthly income not more than RM2,000 but will only get RM250. It is estimated about RM3 billion is needed for this second round (first round already costs the taxpayers RM2.2 billion) of populist move, benefiting 4.3 million households and 2.7 million unmarried individuals.
RM200 Rebate for 3G Smartphone Purchase
Good news for young chaps – if you’re aged 21 to 30 years with monthly income of RM3,000 or below, you’re entitled to RM200 one-off rebate for purchase of one unit 3G smartphone (iPhone, Samsung, Blackberry, Nokia or HTC) from authorised dealers. The government is expected to spend about RM300 million on this incentive, a very small price to pay in its attempt to fish for ignorant young voters. However, the government has to precisely define the so-called “authorized dealers” otherwise every Tom, Dick and Rosmah can claim they’re the selected agents.
And how does the government ensure these youngsters can control their monthly spending on phone bills, now that they can connect to internet 24 hours per day? Obviously telecommunication companies such as Maxis, Celcom, DIGI and U-Mobile are grinning from ear to ear.
Real Property Gain Tax (RPGT)
RPGT will be increased to 15% (from current 10%) for disposal of property within 2 years, 10% (from current 5%) for disposal within 2 to 5 years. After 5 years, it is not subject to RPGT. This is perhaps one of the propositions that attract the biggest yawn in this budget, so much so that you may be wondering if the person who proposed this was sleeping on the job. Obviously speculators are still laughing their arse off at the budget since they’re already waiting for 2 to 3 years for their properties to be completed so that they can sell it. So how can this curb property speculation?
Personal Tax and Tax Relief
Individual income tax rate was proposed to be reduced by 1% (percentage) point for the first RM50,000 of chargeable income. This means if you earn RM50,000 or more annually, you would get to enjoy maximum tax saving of RM475. With this proposal, it also means 170,000 taxpayers do not have to pay income tax, with only about 1.7 million people pay tax from an estimated workforce of 12 million.
Child tax relief to be increased from RM4,000 to RM6,000 per child for children aged 18 and above and receiving full-time tertiary education, effective from year of assessment 2013. Tax relief of RM3,000 for savings in the National Education Savings Scheme (SSPN) will be increased to RM6,000.
1.5 Month Bonus for Public Servants
Since this is an Election Budget, PM Najib was expected to offer 1.4 million public servants. Already known as the most generous Santa Claus prime minister ever, never mind that national debts is reaching a critical stage, bonus of one and a half month for public servants for year 2012 was proposed. Already, half month of bonus was paid during 2012 Hari Raya, hence the remaining one month will be paid in end Dec 2012 (50%) and in Jan 2013 (50%). This strengthened the speculation that PM Najib will only call for the next general election next year.
PTPTN Loan Discount
PTPTN has been a very sensitive and tricky issue ever since the opposition proposed free education. And since Najib administration is struggling to make ends meet, the prime minister is using the same tactic in traffic summon payments collection from traffic offenders. Thus those who are willing to pay full loan from 1st October 2012 until 30th September 2013, a discount of 20% will be given on their loan.
For obedient borrowers whose repayment of PTPTN loan is in accordance to their repayment schedule, a 10% discount per annum on their repayment will be given effective from 1st Oct 2012.
My First Home Scheme and 50% Stamp Duty Exemption
My First Home Scheme income limit for individual loans to be raised from RM3,000 to RM5,000 per month, or in the case of joint loans of husband and wife of up to RM10,000 per month. 50% stamp duty exemption on sale and purchase agreements and loan agreements for purchase of the first residential property of up to RM400,000 (increased from RM350,000), be extended to 31 Dec 2014.
Other goodies
– Book voucher of RM250 for students.
– No increase in taxes for alcohol and tobacco.
– Malaysians with a monthly income of RM3,000 and below and who travel by KTM Komuter, will get 50% fare discount. Currently, only the disabled, retirees and students enjoy a 50% fare discount. This is really cool but I supposed people will start flashing their salary-slip every time they purchase their tickets at the station (*grin*).
– RM1,000 one-off payments for army veteran, RM200 per month for serving personnel and allowance increment for reserves corp. and Territorial Army to RM7.80 / hour. Actually PM Najib doesn’t really have to spend so much on this sector since the army are constantly brainwashed and forced to vote for the current regime, even if you announce a pay-cut. That’s how obedient they are.
– Passport fees for senior citizens and children aged 12 and below be reduced by 50% from RM300 to RM150 (5 years passport) and RM100 to RM80 (2 years passport), effectively from January 2013.
– Reduce sugar subsidy by 20 sen per kg from 29 Sept 2012. This means the cost of sugar is now RM2.50 and RM2.60 per kilogram for Peninsula and East Malaysia respectively. Consider this goodies if you’re a potential diabetes patient otherwise it’s another excuse to enhance fortunes of the new Sugar King, Syed Mokhtar Al-Bukhary, a crony of former PM Mahathir. You may not realize this but the indirect impact is equally serious, considering sugar is ingredient required in other food items such as bread, ice-cream, cereal, biscuits or cookies, juice, home-cook dishes and whatnot. Expect dearer Starbucks coffee and carbonated drinks.
The above goodies are indeed attractive and if this is not an Election Budget to buy votes, then PM Najib Razak is still a virgin. Since this is the last budget before the next general election, the prime minister put all his chips on the poker table hoping to win another term. Considering most Malaysians would kill each other just to get hold of a free Tupperware, the above short-term candies should return two-third majority to the current BN (Barisan Nasional) regime hands down. Thereafter, the government would go for the killing and the people would pay many times what they’re getting now.
But if there’s press freedom in this country, a published comparison between present government’s budget and opposition’s budget 2013 would put Najib administration in great danger. As a starting point, Najib’s 2013 budget continues to register another year of deficit, the 16th in a row since 1998.Now do you understand why we mentioned that this country’s economy has never return to its former glory after the 1997-1998 Asia Economic Crisis? While Najib presented a 4% deficit budget, opposition proposed a superior 3.5% deficit budget. You should take Najib’s 4% deficit figure with a pinch of salt though.
Based on past records the current regime was notorious for its overspending habit. Last year alone, it overspent a whopping RM19.6 billion so you can sell your mother, wife and children and bet that the same government will do the same stunt again. The fact that the overall subsidy was set to drop 11.3% to RM37.6 billion in 2013 compares to RM42.3 billion in 2012 and yet the best beauty pageant they can put on stage is a 4% deficit, Najib’s team has been working really hard in trimming temporary fats every corner just to impress its audience, at least before the next general election early next year. Heck, Najib even cut its education budget by a whopping RM12 billion as compared to last year.
How the opposition can easily delivers 3.5% deficit with one eye closed whereas PM Najib struggles with only 4% deficit? Easy – the opposition took away figures from corruption, cartels’ cronyism, monopolies and whatnot from the budget figures. The present government is also tasting its own deficiency as a result of absorbing unemployable graduates into the public service – a mind-boggling RM202 billion for Operating Expenditure against RM49.7 billion only for Development Expenditure, an unhealthy 4 to 1 ratio. This means federal government’s estimated revenue in 2013 amounting to RM208.6 billion is just nice to pay for the RM202 billion operating cost only, not bad for a country with an estimated debt of RM502 billion by next year.
In the education sector, opposition proposes abolishment to the National Higher Education Fund (PTPTN). While you can argue till the cows come home about the feasibility in wiping out PTPTN debts, the opposition has justified that it can be done although it’s not popular with ex-students who obediently paid their loans. Another interesting area that raises many eyebrows was the allocation of a whopping RM1.2 billion for pre-school education. The joke on the street – Najib’s biggest crony is none other than his “beautiful and intelligent” wife (*tongue-in-cheek*).
Permata Negara programme which is synonym with pre-school programme, a pet project of PM Najib’s wife, Rosmah Mansor, was allocated RM100 million and RM111 million in 2010 and 2011 Budget respectively. Now that officially pre-school education is allocated RM1.2 billion, the past speculations that Permata had sucked up taxpayers money to the tune of RM2 billion prior actually carries weight. The worst part was the fact that nobody knows how the money was being used. Does PM Najib’s wife project require such huge taxpayers’ money considering most of the pre-schools are fees-based and privately-owned?
While escalating housing prices remains one of the biggest issue of which neither Najib administration nor opposition can solve with their budgets, the opposition’s proposition to build 100,000 affordable homes with price range between RM130,000 to RM300,000 to be built by newly formed National Housing Board raises eyebrows. Using Singapore’s Housing and Development Board successful model in solving its housing shortages, obviously opposition’s proposal should deserve some attention. Najib administration has been screaming about building thousands of affordable houses on every budget but the problem still persists. Perhaps the prime minister was not ready to take over the burden and prefers to let the private developers and speculators do as they wish.
The main battle – personal income – or how to put more money into peoples’ pocket has taken a new twist when BN cut income tax rates for taxable income up to RM50,000. Whether this is an acknowledgement of the present government about escalating cost of living or simply a first step towards introducing GST after general election next year is yet to be seen. Seriously, there’s not much Najib can do to increase peoples take home money except with one-off couple-of-hundreds thrown in to the cage. Obviously, opposition trumpeted again their proposed cheaper cars via excise duty reductions,toll abolishment, waiver of PTPTN, lower fuel and whatnot – all contributes to thousands of savings in the long run.
Overall, Najib’s proposition was slightly better than previous year’s budget but can’t compete with opposition’s budget. Of course, the prime minister made fun of opposition’s budget as populist but not worth what it was printed on. Really? If the prime minister was so dead serious about his superiority, he should gleefully accept opposition Anwar Ibrahim’s invitation for a “Budget Debate” to be live telecasted so that the rural and urban voters can see for themselves the opposition’s ridiculous and stupid budget. For all you know, the people may be so impressed and touched with Najib that they may decide to donate all the cash received to Najib’s administration, out of gratification.
PM Najib was so obssessed with being popular that he even copied what former US President Ronald Reagan said during Presidential debate in Oct. 28, 1980. On that day Reagan said “Ask yourself – Are you better off now than you were four years ago? Is it easier for you to go and buy things in the stores than it was four years ago? Is there more or less unemployment in the country than there was four years ago? Is America as respected throughout the world as it was?” -hornbillunleashed
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Malaysian PM in hot seat over wealth
Pressure is mounting on Malaysian Prime Minister Najib Razak to explain his family's outsized wealth, with former premier Mahathir Mohamad joining the chorus of critics.
Published: 14/03/2015 at 02:32 PM
Newspaper section: topstories
Dr Mahathir said people wanted to know where Mr Najib's stepson, Riza Aziz, obtained the funds used to produce a Hollywood movie as well as invest in real estate worth tens of millions of dollars in the United States.
Spokesmen for Mr Najib, himself the son of a former prime minister, have said that his family has a sizable sum from an inheritance, but they did not address the source of Mr Riza's wealth directly.
However, even the prime minister's own brothers have denied that the inheritance was large enough to support activities on the scale reported.
Riza Aziz burst onto the Hollywood scene two years ago as a co-producer of the Oscar-nominated movie Wolf of Wall Street, starring Leonardo DiCaprio. He is also a co-producer of the comedy Dumb and Dumber To.
"The movie did not rake in any profits. It is impossible that the money made from the movie was used to purchase luxury properties worth millions of US dollars," Dr Mahathir wrote in a blog posting, The Malaysian Insider reported.
"The question is, if the money had not come from [Najib's] family, then where did such a large amount come from? Is it from a business? If yes, what business, where? Has the income tax been paid? To which government?"
Film producer Riza Aziz (left), the stepson of Malaysian Prime Minister Najib Razak, arrives for a movie premiere in London in October last year with British actor Daniel Radcliffe, British actress Juno Temple and producer Joey McFarland, a business partner of Mr Riza. (AFP Photo)
Mr Riza has also raised eyebrows with a series of property purchases far out of proportion with his earnings from a previous job as a junior banker in London.
A recent New York Times investigation into the US real estate holdings of foreign tycoons featured businessman Low Taek Jho, whose transactions involved various parties, including Mr Riza.
The article also detailed the jet-set lifestyle of Mr Low, who was shown partying with socialite Paris Hilton.
According to the Times, in 2010 a shell company linked to Mr Low purchased a $24-million condominium in the Park Laurel building in Manhattan. Three years later he sold it to Mr Riza. Mr Low also purchased a $17.5-million mansion in Beverly Hills, California and sold it later to the prime minister's stepson.
Mr Loh denied the claims but the Times said its investigation traced the network of shell companies used for the transactions back to him.
A third purchase involved a $30.5-million unit, once owned by the pop superstar Beyonce, in the Warner Center condominium. Mr Loh told the Times he had not purchased the condo for investors but that it was owned by a family trust.
Mr Low has also been linked to the controversial state investment vehicle 1Malaysia Development Berhad (1MDB), which has chalked up debts of 42 billion ringgit (372 billion baht or $11.3 billion).
Concern about 1MDB has taken a big toll on investor confidence in Malaysia in recent months and contributed to a slide in the rupiah, Asia's worst-performing currency this year.
The Times also revealed the "incredible wealth" of Mr Najib’s immediate family members and raised questions how the wealth was accumulated.
Mr Najib, who earns about $100,000 a year as prime minister, has been dogged by reports of the extravagant spending habits of his second wife Datin Seri Rosmah Mansor, the mother of Mr Riza. Her collection of jewellery and nine Hermes Birkin handbags, which cost anywhere from $9,000 to $150,000 each, is a subject of endless gossip among Malaysians.
The Times also said it had seen invoices for "millions of dollars" worth of jewellery purchases made by Ms Rosmah in Hong Kong in 2008 and 2009.
Mr Riza told the Times that he was personally wealthy but declined to discuss the source of his funds.
The Prime Minister's Office told the newspaper: "The prime minister does not track how much Mr Riza earns or how such earnings are reinvested."
As for the accounts of family spending, including a claim by an opposition member that Mr Najib kept "piles and piles" of cash in a safe, the PM's Office said: " ... neither any money spent on travel, nor any jewellery purchases, nor the alleged contents of any safes are unusual for a person of the prime minister’s position, responsibilities and legacy family assets".
Instead, it said Mr Najib's wealth came from a family inheritance.
However, Mr Najib's four brothers have since issued a statement dismissing talk of the extent of the inheritance left by their father, the late Tun Abdul Razak Hussein.
Mr Najib later joined his brothers and described their father as frugal and a man of integrity.
Opposition leaders have urged the premier to address questions raised about his accumulated wealth.
On Thursday, PAS Youth, a wing of the opposition Pan-Malaysian Islamic Party, lodged a report to press authorities to investigate reports of Mr Najib living a life of luxury.
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Dr Mahathir questions source of Najib stepson’s wealth
Published: 13 March 2015 2:47 PM
In his latest criticism of Datuk Seri Najib Razak (right), Tun Dr Mahathir Mohamad poses several questions on the wealth of the prime minister's family, as recently reported. – The Malaysian Insider pic, March 13, 2015.
In his latest criticism of Datuk Seri Najib Razak (right), Tun Dr Mahathir Mohamad poses several questions on the wealth of the prime minister's family, as recently reported. – The Malaysian Insider pic, March 13, 2015.
Tun Dr Mahathir Mohamad today joined the chorus of voices asking Prime Minister Datuk Seri Najib Razak to explain his family's outsized wealth, following claims that the money was from family inheritance.
The former prime minister said this was what the people wanted to know after Najib's stepson, Riza Aziz, burst into the Hollywood scene as co-producer for the Oscar-nominated "Wolf of Wall Street" movie, which stars Leonardo DiCaprio, two years ago.
"The movie did not rake in any profits. It is impossible that the money made from the movie was used to purchase luxury properties worth millions of US dollars," Dr Mahathir said in a blog posting.
"The question is, if the money had not come from Tun Razak's family, then where did such a large amount come from? Is it from a business? If yes, what business, where? Has the income tax been paid? To which government?"
Riza had raised eyebrows with a series of property purchases despite his previous job as a junior banker in London.
A recent New York Times article featured businessman Low Taek Jho, better known as Jho Low, and his wealth as well as his role as a property investor, whose transactions involved various parties, including Riza.
Low has also been linked to the controversial state investment vehicle 1Malaysia Development Berhad (1MDB), which has chalked up debts of up to RM42 billion.
Low bought a luxury apartment in Manhattan and a Beverly Hills mansion through shell companies, and later sold them to Riza, a charge denied by Low.
The paper revealed the "incredible wealth" of Najib’s immediate family members and raised questions how the wealth was accumulated.
The report also stated that Najib had been tainted by news of his wife Datin Seri Rosmah Mansor's alleged spending habits on jewellery and designer handbags.
The Prime Minister's Office responded to the NYT report saying: "... neither any money spent on travel, nor any jewellery purchases, nor the alleged contents of any safes are unusual for a person of the prime minister’s position, responsibilities and legacy family assets."
Instead, it said Najib's wealth came from a family inheritance.
Days later, Najib's four brothers – Datuk Johari, Datuk Nizam, Datuk Nazim and Datuk Seri Nazir – issued a statement dismissing talks of the extent of inheritance left by their father, the late Tun Abdul Razak Hussein.
Najib later joined his brothers and described their father, Malaysia's second prime minister, as frugal and a man of integrity.
Opposition leaders, including DAP's Tony Pua, have urged Najib to address questions raised about his accumulated wealth.
Yesterday, PAS Youth lodged a report to press authorities to investigate reports on Najib living a life of luxury. – March 13, 2015.
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mano gambar... jimat kut
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