Proton wajar rebranding jadi Projeep kerana sudah makan dedak

April 9, 2016 at 10:46 pm 83 comments

“Mantan Perdana Menteri Tun Dr Mahathir menuduh Proton makan dedak kerana sedia menerima bantuan pinjaman sebanyak RM1.5 billion dari kerajaan,” mengikut telahan Husin Lempoyang.

BAWAH: Logo baru Projeep dicipta Husin Lempoyang

protun ke proJeep logo


Baca juga,

Porsche Cayenne number plate MM1


.

coffee cups love

“Let’s do coffee”

Guan Eng teringin pula nak bromance Abdul Rahman Dahlan

Ketua Menteri Pulau Pinang khabarnya telah mengajak Menteri Perumahan minum kopi romantik bersama.

ARD

zahid hamidi lim guan eng

Guan Eng bromance Zahid

NazriAzizGuanEng

Guan Eng bromance Nazri

Bersambung dari ‘Dear Dodgy Leader wants ARD to hurry up

“so called constitutional expert young lawyer”

Orang nih (Syahredzan) terasa pulak

Entry filed under: Duri dalam Daging. Tags: .

Dear Dodgy Leader wants ARD to hurry up Budaya gereja ke nih?

83 Comments Add your own

  • 1. Akim  |  April 10, 2016 at 7:53 am

    Helen,

    1. Siapa itu Husin Lempoyang yang mengata Tun Dr Mahathir kata begitu? Boleh percaya ke si Husin itu?

    2. Anything against Lim Guan Eng, I agree. Especially if it’ll help get him charged in court for corruption and jailed over the Taman Manggis land (open tender my foot) and the Jalan Pinhorn bungalow scandal. Still, I maintain it’s ok for Tun to be in the same line as Lim Kit Siang regarding the Save Malaysia campaign. They say now 200,000 signatures to the Deklarasi Rakyat and they are reportedly doing the roadshow.

    3. But this one by Abdul Rahman Dahlan is eye-catching –
    “When the issue is RM13.9b given to Proton, one so called constitutional expert young lawyer got upset and brought up the issue of 1MDB. Wow! ” See, even A Rahman does not mind 1MDB being raised. Only saying wow. So, when are you writing about the PAC report to Parliament?

    Reply
    • 2. Helen Ang  |  April 10, 2016 at 8:05 am

      re: “1. Siapa itu Husin Lempoyang yang mengata Tun Dr Mahathir kata begitu? Boleh percaya ke si Husin itu?”

      Saudagar unta Husin Lempoyang sebuah blog satira/parody. Dia berseloroh tetapi tajam dan pedas bidasan beliau.

      re: “2(a) Especially if it’ll help get him charged in court for corruption and jailed over the Taman Manggis land (open tender my foot) and the Jalan Pinhorn bungalow scandal.”

      Harap-harap begitulah.

      re: “2(b) Still, I maintain it’s ok for Tun to be in the same line as Lim Kit Siang regarding the Save Malaysia campaign. They say now 200,000 signatures to the Deklarasi Rakyat and they are reportedly doing the roadshow.”

      Why don’t you test out the Deklarasi Rakyat signature form by putting in a fictitious name like ‘Aragorn King of Gondor’?

      https://docs.google.com/forms/d/1vuIKdnzoDln2d5_v07kz1vgUZByV4EILmecK7NjYh54/viewform?c=0&w=1

      re: “3. So, when are you writing about the PAC report to Parliament?”

      I do not have a copy of the report and nor have I read it.

      Reply
      • 3. I am Woman  |  April 10, 2016 at 11:36 am

        Re: 3.
        Akim, you have a link to the PAC report? If you do, pls provide. 106 pages should be easy enough to digest.

        Reply
        • 4. albert  |  April 10, 2016 at 9:45 pm

          1) PAC 1MDB report:
          http://www.parlimen.gov.my/pac/review/docs-110-116.pdf

          2) Hansard archive on the PAC sessions:
          http://www.parlimen.gov.my/pac/dr_32016.html?

          3) If you want to revisit The Edge articles
          in phamplet form:
          http://www.theedgemarkets.com/my/printpdf/216791
          scanned version
          http://www.treasury.gov.my/pdf/akhbar/2015/19jul_edge1.pdf

          Reply
          • 5. Xi  |  April 11, 2016 at 9:57 am

            Yes eye, ear and opener but is it admisable and goes unargued in a court of law?

            I know I know … back to conspiracy and blame AG. Yah he block any prosecution against Najib. As though Gani Patail is without doubt.

            Ignore that he create a fake charge sheet.

            By now Mahathir also think Gani is a fantastic and exemplary lawyer. He only lost Batu Putih.

            If only AG can tell the world what evidence and explanation requested from BNM and SPRM but was not answered….

            If only the insignificant enquiries by Swiss AG, but yet the press statement can be so alarming, can be told Batu Putih the world.

            Without thinking everyone wanna hit on AG without any sufficient of facts. Same with this one sided, unproven and illegally sourced facts are swallowed hook, line and sinker.

            All the stories can be written but can it be useful in court. On this, judges and lawyers in the court of public opinion have no credential to say any thing.

            Neither do politician lawyers.

            Reply
      • 6. Tehtarik  |  April 10, 2016 at 5:27 pm

        You seemed to ” purposely ” ignore the 1mdb issue yet you picked up other minor issues.
        I notice that you tend to give excuses whenever being asked by Akim and others.

        Dah makan dedak ke?

        Reply
        • 7. Helen Ang  |  April 10, 2016 at 5:30 pm

          What do you want me to say about 1MDB?

          Reply
    • 8. HY  |  April 10, 2016 at 8:50 am

      “Anything against Lim Guan Eng, I agree.”

      tis is how yr brain function? no wonder most take the protun as a bunch of joker.

      Reply
      • 9. islam1st  |  April 10, 2016 at 9:52 pm

        Kata sokong PKR tapi semua tu front, orang kat sini memang sedar yang kau masih amalkan Tokong worship!

        Reply
        • 10. HY  |  April 10, 2016 at 10:53 pm

          i am against lge when he said it is necessary to work with mahathir. i cant understand y lge mahu kerjasama dengan penipu. agree tak?

          Reply
  • 11. Orang Perlis  |  April 10, 2016 at 7:22 pm

    I am Woman

    i have the entire 1MDB report.

    also inmportant to read is the PAC hansard on 1MDB.

    eye opener, i tell u….

    you should read it too Helen

    id be surprised after reading it you would still pledge allegiance to Najib.

    PAC statement by DAP guy….

    read between the lines…. :)

    I am Woman sat lagi naaa saya bagi link…nak tunggu Magrib dulu…

    Reply
  • 12. islam1st  |  April 10, 2016 at 9:30 pm

    LOL! Nakal la you Helen…

    Lepas ni masalah tingkap dah boleh selesai ke belum? Soft loan dah dapat! The so called ‘firaun’ pun sudah left the house?

    Helen kalau dah jadi Pro Jeep, harga nanti lagi mahal ke?

    Reply
  • 13. Orang Perlis  |  April 10, 2016 at 11:02 pm

    IAW

    1mdb pac report

    https://drive.google.com/file/d/0B2Xjo976uu8FRWJTdEVaUWR3eHM/view

    pac hansard

    http://www.parlimen.gov.my/pac/hansard-pac-list.html

    Reply
    • 14. I am Woman  |  April 10, 2016 at 11:28 pm

      Thank you.

      Reply
  • 15. RINA  |  April 11, 2016 at 1:19 am

    Hmmm
    Parrot2 dan burung tiong semua guna 110 helai kertas kalut dok kikis lidah sambil nunggu Pipe piper nak tiup seruling.

    Reply
    • 16. Orang Perlis  |  April 11, 2016 at 10:03 am

      dah baca ka belum?

      ok , we get your support of Najib is undivided. itu hak hang lah…

      but i just want to know…have you report in detail?

      and your thought about it?

      Reply
      • 17. RINA  |  April 11, 2016 at 10:48 am

        No need for me to read, my Mama is an Auditor by profession and 2 of my siblings (kecik2 sekolah SJKC) are Accountants.

        Bukan bidang saya. Satni tak faham tapi memandai buat tafsiran sendiri, jadi macam En Abdullah, payah tau!

        Reply
        • 18. Orang Perlis  |  April 11, 2016 at 11:07 am

          Its easy enough for a layman( or laywoman to read). in fact its actually very straightforward. at the very least, the proceedings (hansard) are much2 simpler

          Dont la plead ignorance, kalau tak tau, adik2 kamu tau kan?

          Its all there, the line of reporting, the line of accountability, semua plain & clear….

          Reply
          • 19. RINA  |  April 11, 2016 at 12:48 pm

            Oghang Perlis,

            Kalau bagi bunga ros kat beghoq, benda tu dia cium2 takleh makan…hmmm habih berkecai bunga tu dia tibai!

            Bahaya tau.

            Reply
  • 20. Akim  |  April 11, 2016 at 7:32 am

    Thank you greatly, Orang Perlis.

    Now we can have a real whacking on 1MDB, never mind si parrot burung tiong yang dah tambah dari 106 ke 110 mukasurat tuh.

    Helen even put up a new post on an insignificant so-called liberal attention-seeking woman (still usable in terms of Protun posture) maybe to distract attention from the PAC report that OP and one other above has provided the links.

    Sure, Helen says ‘My Blog, My Like” but we respect you for allowing dissenting views, Helen. We won’t mind at all if the comments against 1MDB are not responded to and pls don’t feel pressured to respond. Just let the readers express themselves like you always did so long as no law is broken. Thanks.

    Reply
    • 21. Helen Ang  |  April 11, 2016 at 8:10 am

      re: “Helen even put up a new post on an insignificant so-called liberal attention-seeking woman (still usable in terms of Protun posture)”

      Like daughter, like father — this is the significant point we oughtn’t overlook.

      People used to think that Marina was the odd one out (liberal) among an otherwise pro-establishment family.

      But now we can see that Tun is appealing to the very same crowd that is cheerleading Marina, i.e. the Firsters-Dapsters. They share the same DNA after all.

      Reply
  • 22. Akim  |  April 11, 2016 at 7:53 am

    Unable to read the actual PAC Report yet, just saw the conclusion asking former 1MDB CEO Shahrol to take responsibility for the weaknesses and he be investigated by the authorities.

    Certainly strange that, as commented by others elsewhere, there is no mention of Najib and hence an attempt at exonerating Najib from blame. If so, it’s really a “cari makan” report. The theory of responsibility says the back stops at the topmost and Najib is at the top being Chairman of 1MDB Advisory Board, Finance Minister, and Prime Minister. Heck, 1MDB was/ is his baby.

    The consolation is the recommendation that Shahrol be investigated. That’s not a tall order from those high in terms of Parliamentary power. In any case SPRM have said they have been carrying on with investigations on 1MDB and a special team investigating Shahrol may now be in order.

    Certainly there have been questions on whether Shahrol acted on his own and whether there was any komplot such that so many aspects of 1MDB business was not done in a professional manner, no feasibility studies on joint ventures, no due diligence before asset acquisition, etc,

    Let’s hope the investigations will reveal the truth and the extent of the complicity by others and that no “hidden hands” will come out suddenly transferring high ranking SPRM and PDRM officers involved in the investigations, like happened before.

    Reply
    • 23. Helen Ang  |  April 11, 2016 at 8:21 am

      So if Najib as 1MDB advisor is to be held accountable, then Tun as the long-time Proton chairman/advisor likewise.

      Hence Tun is similarly accountable for the RM13.9 billion given to Proton – presently a privately owned company (non-govt entity) – as bailout by the government over the years.

      And Tun’s family and cronies who are Proton shareholders and involved in related auto businesses have been subsidized by taxpayers in a ‘Privitazing Profits, Nationalizing Losses’ scheme.

      Reply
      • 24. Orang Perlis  |  April 11, 2016 at 10:06 am

        i dont mind if the gov wants to go after Tun. In fact i welcome it.

        But i havent seen any case open agt him by the Gov.

        nor have i seen any legal action towards any reports made abt najib…

        Reply
      • 25. I am Woman  |  April 11, 2016 at 11:39 am

        I think you have to acknowledge that Najib as the Chairman of the Advisory Board of 1MDB and also as the Finance Minister who was totally responsible for the setting up of 1MDB and approving Sukuk or Bonds that in essence is backed by the government, cannot in all good conscience say that he is not accountable or responsible or knowledgable about the transactions of 1MDB.

        That I find difficult to swallow. I would even accept if he were to hold sometimg like the state of nation address and acknowledge that he was wrong in the 1MDB fiasco, something along the line of ” I am sorry. I set up the company in good faith to do this and that which would benefit the people in this or that manner. But due to a and b and c we are unable to achieve our objectives and we have now rationalise the business of the company by doing x,y,z. On completion of the rationalisation we now have zero outstanding debts, RM debt free assets and can now concentrate our efforts in doing this and that business.”

        But you know what, from what I have read so far, the business of 1MDB is exactly this and that, nothing defined.

        If Najib as the Chairman of the Advisory Board and the Minister of Finance is unable to explain to me comprehensively what is going with that 1 company, can I trust that he knows what is going on in Pemandu, TalentCorp, EPU and all the other government agencies under his direct purview or even in the country of which he is the Prime Minister?

        Reply
      • 26. drinho  |  April 11, 2016 at 12:39 pm

        re: RM13.9 billion given to Proton

        But Proton gave more to Gomen i.e. RM24.9 bil.

        http://paultan.org/2016/04/06/tun-mahathir-explains-his-resignation-from-proton/

        Reply
        • 27. Helen Ang  |  April 11, 2016 at 12:44 pm

          Hullo!

          Proton paid taxes and duties to the gomen. So do other car brands for doing business in Malaysia.

          However other car companies do not receive grants and other incentives/exemptions from gomen.

          Reply
          • 28. drinho  |  April 11, 2016 at 12:51 pm

            Correct. Proton is created to ensure funds flow into gomen coffers. Whether as taxes/duties from various car brands and end-user.

            Anyway, Proton now is no longer a gomen linked company since DRB of Syed Mokhtar took control (can’t remember when). The bigger question is why gomen continue to support/bail-out a privately owned company? The latest is 1.5 bil soft loan. God knows what were the benefits that Proton continued to get from the day it ceased to be a gomen company (excluding the 1.5 bil).

            This is the bigger issue that you said earlier “Privitazing Profits, Nationalizing Losses”.

            Reply
            • 29. Helen Ang  |  April 11, 2016 at 1:11 pm

              Gomen has to bail out Proton in order to save the 10,000 jobs in the assembly plants and a reportedly 30,000 more jobs in the automotive industry’s related fields (suppliers, dealers, after-sale service, etc)

              Reply
              • 30. drinho  |  April 11, 2016 at 3:25 pm

                Why use billions of 30 mil Malaysian taxpayers’ monies to bail out a single company with a headcount of say 10k direct jobs and say 30k indirect jobs? It is not like Malaysia only have one car company. There are many others. Employees of Proton and dealers, suppliers etc can always look for other jobs within the car industry.

                Reply
                • 31. Helen Ang  |  April 11, 2016 at 3:45 pm

                  I can only offer my inexpert opinion, okay?

                  Methinks if Proton gets into deeper financial trouble, then the impact would be too disruptive for our economy in general.

                  One of the terms of the loan apparently requires Proton to tie up with a (foreign) partner and if this move can expand Proton’s production capacity, then that would be a boost for the workforce in the manufacturing sector. Maybe more people can get jobs.

                  As to cost vs benefit, probably giving the RM1.5b loan is better (more beneficial) than allowing a key industry to flounder and cause a ripple effect.

                  Reply
                  • 32. drinho  |  April 12, 2016 at 9:16 am

                    Guess I will offer my “inexpert opinion” as well. The threat is not so real with the employees of Proton and its suppliers/vendors/service providers. Eg. a blue collar worker at the manufacturing line. He can always look for a similar job in other car companies or even non-car manufacturing companies. General skilled workers can be easily employed. Even a specialist engineer in car design can find similar employment in other car companies. Same as other job scope in finance, HR, IT, customer service. Can always look for similar jobs elsewhere.

                    The real threat is on the owners of Proton’s suppliers/vendors/service providers. For years, we heard of power window failure. I suspect it was the fault of Proton’s supplier, not Proton itself as Proton merely take such component and install into the car. Imagine if Proton closes down. This supplier will close down as well as he will be unable to supply to other car companies that demand high quality power window. His main and only customer is Proton. Despite the low quality, Proton didn’t terminate him due to cronyism. As a result, Proton suffers.

                    Reply
          • 33. I am Woman  |  April 11, 2016 at 1:05 pm

            Not true H. Since 2009 the government reviewed its National Automotive Policy and provided quite a few incentives and tax allowances to companies setting up operations here.
            http://www.mida.gov.my/env3/uploads/Publications_pdf/BO_MalaysiaAutomotive/Automotive_FA.pdf

            Reply
            • 34. Helen Ang  |  April 11, 2016 at 1:22 pm

              Provide us a cash figure of how much incentive or write-off another car company has been given by the gomen and we can calculate what fraction this amount is when measured against the RM13.9 billion swallowed by Proton.

              Reply
              • 35. I am Woman  |  April 11, 2016 at 3:00 pm

                Look, you said other car companies do not received grants and incentives and I pointed out the governmentvsite that explains incentives for all eligible car companies. Now you want to compare numbers. sorry, I thought we were talking in general terms.

                For numbers you’re better off reading Paul Tan. He’s quite informed.

                The star excerpt on incentives : “According to ECERDC, key incentives at the PAP include 100% income tax exemption for 10 years; 100% investment tax allowance on qualifying capital expenditure incurred for five years; customised incentive based on merit of each case; import duty and sales tax exemption for raw materials, parts and components, plants, machinery and equipment, stamp duty exemption on transfer or lease of land or building used for development; flexibility in employment of expatriates and facilitation of human capital development and facilitation funds.”
                http://www.thestar.com.my/news/nation/2016/02/21/car-rying-on-in-pekan/

                And that is the reason the government can attract companies like Honda and Mercedes to set up plants in the eastern corridor.

                Reply
                • 36. Helen Ang  |  April 11, 2016 at 3:31 pm

                  Let’s first eliminate one area, i.e. R & D for which Proton received a chunky RM774 million in grant(s). I’ve not heard of the foreign car companies receiving this kind of support from our gomen.

                  As for the rest of Proton’s benefits, you’ve listed out tax and other exemptions for foreign brands which the NAP offers. I would appreciate one example of a beneficiary … Honda ke, Mercedes ke … (a year’s savings will suffice) in figures.

                  I grant that asking to calculate the fraction against Proton’s benefits is a tall order and too much of a demand to make on a commenter speaking in general terms.

                  Reply
                  • 37. I am Woman  |  April 11, 2016 at 7:48 pm

                    It would be nice to have the figures available. Unfortunately it is not something that Mida or LHDN makes available to the public.

                    Reply
                    • 38. Helen Ang  |  April 11, 2016 at 8:03 pm

                      Yup, it’s painstaking to look for stats from the public domain.

                      Anyway you made a pertinent point that the gomen offered incentives to other companies too. I stand corrected.

  • 39. Xi  |  April 11, 2016 at 9:58 am

    Helen can add the more than USD100 billion bailout and lesap as alleged by WSJ fella too. After all, Mahathir i s now buddy buddy with WSJ and Rupert Murdoch.

    Reply
    • 40. RINA  |  April 11, 2016 at 11:12 am

      Xi
      Perwaja lagi teghoq.
      Lesap dari Wiki, google datsat nak baca cerita lama2..takdak? Hilang pi mana tiba2?

      Reply
  • 41. Mad Hatter  |  April 11, 2016 at 1:08 pm

    The question is, will there be any action taken?

    By the police? AG? MACC? Bank Negara?

    Najib and his lackeys will continue to do what they do best. Deny everything.

    Or deflect blame to others (conspiracy la,Tun M la, cina la, jews la, mickey mouse la)

    “Mickey mouse curi duit 1MDB tau. Bukan Najib, dia kena fitnah”

    And when push comes to shove, just find a scapegoat

    Remember Sirul?

    Reply
  • 42. Akim  |  April 11, 2016 at 1:56 pm

    Helen only tries to deflect the many questions raised in and from the PAC report on 1MDB by criticizing Tun Dr Mahathir.

    But the questions are endless. Let’s start from the very beginning, says the song, “The Sound of Music”. And 1MDB and Najib is not a sweet but a bitter song when one reads http://www.parlimen.gov.my/images/webuser/pac/hansard%20PAC/1mdb/PAC-19052015%20Bil.%2025.pdf .

    The Ministry of Finance Secretary General said,

    1MDB ditubuhkan sebagai sebuah syarikat di bawah Jabatan Perdana Menteri terlebih dahulu. Kemudian dipindahkan kepada Menteri Kewangan…

    .. saya ambil alih (tugas tugas Kestua Setiausaha Kementerian Kewangan) pada tahun 2012,

    M&A (Memorandum & Articles of Association) nya jelas. Sebagai contohnya, special shareholder ini MoF tetapi Menteri yang didefinisi dalam M&A ialah Menteri di Jabatan Perdana Menteri.

    And then ada juga item 117 dalam M&A jelas menyatakan segala urusan ini mesti mendapat kelulusan daripada Perdana Menteri. Walaupun hendak tukar board member kah, hendak buat investment apa semua, .. dalam M&A, Artikel 117, jelas everything had to go through PM.

    Jadi, bukan kah nyata Najib bertanggung jawab di atas salah laku 1MDB?

    Reply
    • 43. Helen Ang  |  April 11, 2016 at 2:30 pm

      TIA was established before Najib became PM. So he inherited KJ’s legacy lah.

      Reply
      • 44. Akim  |  April 11, 2016 at 6:01 pm

        Dato’ Dr. Mohamad Isa bin Hussain: So, 27 February 2009 to be exact, TIA ditubuhkan. Then April 2009, Kabinet bersetuju untuk memberi jaminan kerajaan ke atas bon terbitan TIA pada masa itu berjumlah RM5 bilion.

        Tuan Pengerusi: Masa itu Perdana Menteri Pak Lah ya?

        Dato’ Dr. Mohamad Isa bin Hussain: Tahun 2009, bulan April.

        Tuan Pengerusi: Bulan April. Bukan masa Pak Lah, masa Dato’ Sri Mohd. Najib. Okey

        Reply
        • 45. Helen Ang  |  April 11, 2016 at 6:38 pm

          27 February 2009 = pentadbiran Badawi.

          Jadi TIA diwariskan kepada Najib yang kabinetnya menyetujui jamninan bagi bon.

          Reply
  • 46. Akim  |  April 11, 2016 at 2:07 pm

    PAC Chairman said during the hearing:

    who is actually in charge, who is actually responsible for this 1MDB?

    Pasal apa nampak macam kedua-dua jabatan kerajaan ini jadi fasilitator sahaja. Akan tetapi siapa yang ambil decision?

    Dato’ Dr. Mohamad Isa bin Hussain [Setiausaha Bahagian Syarikat Pelaburan Kerajaan, Kementerian Kewangan]:

    So we will lay down all the policy given by the government to all MKD’s companies. Memantau dan mengkaji masalah syarikat MKD. PAC 19.5.2015 10 Laporan Prosiding JK Kira-kira Wang Negara – Bil. 25/2015

    Kalau kita rasa ada syarikat MKD yang tidak begitu sihat, demam sikit ataupun demam banyak, we will go and try to salvage or try to strengthen the company.

    Isu yang pertama, tiada wakil kerajaan dalam Lembaga Pengarah 1MDB. .. So, I repeat again. Tiada wakil kerajaan dalam Lembaga Pengarah 1MDB.

    Tuan Pengerusi: From PMO ataupun MoF?

    Dato’ Dr. Mohamad Isa bin Hussain: I will explain, Tuan Pengerusi.

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: Article of Memorandum. It’s in the article.

    Dato’ Dr. Mohamad Isa bin Hussain: Okey. MKD tidak mempunyai wakil di dalam Lembaga Pengarah disebabkan M&A. Syarikat tidak membenarkan pelantikan mana-mana pegawai kerajaan dalam Lembaga Pengarah 1MDB. This one… [Disampuk] Yes. I can refer direct to M&A, Article 58.

    Datuk Seri Reezal Merican: .. My question, why was the M&A designed as such?

    Dato’ Dr. Mohamad Isa bin Hussain: .. Tan Sri KSP dah mentioned, kita mengambil alih .. the Terengganu Investment Authority (TIA) – telah dibuat semasa diwujudkan TIA, sebelum diberi kepada MKD untuk take over. So that was the M&A.

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: If you have this M&A … you refer to Article 117 … You know, Article 117 jelas even amendment to this M&A must go through PM, anything…

    So, who is responsible if not Najib?

    Reply
  • 47. Akim  |  April 11, 2016 at 2:21 pm

    Dato’ Dr. Mohamad Isa bin Hussain, MOF Undersecretary i/c MKD that own 1MDB:

    Mac 2008 keluar cadangan untuk menubuhkan TIA dengan tujuan-tujuan tertentu. Disember 2008, kelulusan prinsip oleh Kabinet Kerajaan Persekutuan dan EXCO Kerajaan Negeri Terengganu ke atas pembentukan TIA. So, 27 February 2009 TIA ditubuhkan.
    Then April 2009, Kabinet bersetuju untuk memberi jaminan kerajaan ke atas bon terbitan TIA pada masa itu berjumlah RM5 bilion.

    Then April 2009, Kabinet bersetuju untuk memberi jaminan kerajaan ke atas bon terbitan TIA pada masa itu berjumlah RM5 bilion… 22 Mei 2009, wakil Kerajaan Negeri Terengganu dalam TIA tidak berpuas hati dan mengeluarkan surat kepada Lead Arranger, AmInvestment Bank supaya memberhentikan penerbitan bon berjumlah RM5 bilion tadi memandangkan banyak isu dan perkara berhubung TIA dan penubuhan Yayasan TIA belum dimuktamadkan. Inilah masalahnya pada masa itu.

    (See, already big issue – bond issue- since that time.

    Pada 4 Jun, MoF menerima dua laporan daripada wakil Kerajaan Negeri Terengganu, iaitu satu mengenai corporate governances dan satu lagi mengenai transparensi TIA. Hasil daripada laporan ini mencadangkan supaya Kerajaan Pusat mengambil alih. That was the starting point why we have to take over TIA from Menteri Besar Incorporated, Trengganu.

    Artikel 117 (Memorandum and Articles of Association 1MDB) ini menyatakan perkara-perkara berikut hendaklah mendapat kelulusan bertulis Perdana Menteri untuk dilaksanakan. Pertama, pindaan M&A, Kedua; pelantikan dan penamatan Pengarah. And also, appointment of key personnel in the company.

    Look at that – even appointing key personnel requires WRITTEN APPROVAL OF NAJIB. Any one still doubts that Najib is the say-all and do-all boss of 1MDB?

    Reply
  • 48. Akim  |  April 11, 2016 at 2:35 pm

    Last bit on this part of the testimony by the Ministry of Finance Undersecretary –

    Dato’ Dr. Mohamad Isa bin Hussain:

    Pada 28 Mac 2012, MoF pernah memberi nasihat kepada Chairman of 1MDB memberitahu apa yang perlu dibuat dengan peraturan, corporate matters tadi. So we spell out all yang sepatutnya syarikat MKD buat. Kita sudah beritahu secara official. Kita ada hardcopy. Akan tetapi, tidak dipatuhi.

    Tuan Pengerusi: Tahun 2012 ya? Boleh kita dapat copy itu, Dato’? [Ahli-ahli berbincang sesama sendiri]

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah:

    One thing I would like to make clear here, you know. As long as I was appointed as KSP, we do know nothing about the operational matters of 1MDB. Whatever request comes, you know, and we put the paper to PM and also to Cabinet and Cabinet approved, then only we disburse. So, it is all done…

    Tuan Pengerusi:

    That’s mean Sir, since you became KSP in 2012 until today, you have not been able to exercise your functions when it comes to 1MDB?

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah:

    You know, when we call to give briefing, no briefing were given (not coming). But, now they’re coming. Now, recently when the…

    Tuan Pengerusi: After PAC raise the inilah?

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah:

    Before PAC, when Perdana Menteri tubuhkan Jawatankuasa where MK2, KSP, KSN and Dato’ Sri Abdul Wahid Omar, then only they are coming to that Jawatankuasa and presenting their Rationalization Plan and so on.

    Anyone thinks Najib did not know the situation before that? Yet did not do anything for years before that? Najib did not know the M&A
    was very much – if not entirely – in his favour. Where he could not do as Prime Minister as said in the M&A, he could do as Finance Minister who lords over MKD?

    Reply
  • 49. Akim  |  April 11, 2016 at 6:08 pm

    Anyone doesn’t think Najib has committed a crime? Read the following definitions of crime:

    1. an action or omission that constitutes an offense that may be prosecuted by the state and is punishable by law.

    synonyms: offense, unlawful act, illegal act, felony, misdemeanor, misdeed, wrong; informalno-no

    2. illegal activities.

    synonyms: lawbreaking, delinquency, wrongdoing, criminality, misconduct, illegality, villainy; More

    3. an action or activity that, although not illegal, is considered to be evil, shameful, or wrong.

    synonyms: sin, evil, immoral act, wrong, atrocity, abomination, disgrace, outrage

    Reply
    • 50. Helen Ang  |  April 11, 2016 at 6:45 pm

      re: “an action or omission that constitutes an offense that may be prosecuted by the state”

      The state is not prosecuting Najib and neither has the PAC recommended that Najib be prosecuted. So he has not committed a crime.

      re: “lawbreaking, delinquency, wrongdoing, criminality, misconduct, illegality, villainy”

      What law has Najib broken?

      re: “an action or activity that, although not illegal, is considered to be evil, shameful, or wrong”

      Illegal actions are defined as such in the Penal Code. Evil, shameful or wrong are subjective judgments.

      Tun is the one screaming the loudest that Najib is evil and shameful. But Tun lives in a glass house. By throwing stones, he is only shattering his own legacy.

      Reply
      • 51. drinho  |  April 12, 2016 at 8:59 am

        Helen,

        We have a distorted public governance and admin system. The most obvious was Najib being the PM didn’t step aside to allow impartial investigation into the donation/1MDB issues. The risk of him influencing the outcome of investigation was very real and substantial as he appointed the respective heads of authorities such as BNM, AG and MACC.

        With the PAC report on 1MDB, another distortion of public governance is seen. What is the relationship between 1MDB and Najib?

        1. 1MDB was Najib’s brainchild.
        2. 1MDB is wholly owned by Ministry of Finance which Najib is the Minister.
        3. The advisory committee of 1MDB (highest decision making body) is chaired by Najib.
        4. Najib signed documents for 1MDB’s substantial transactions and officiated events of such transactions.

        Based on the above, how can Najib deny knowing any wrongdoing/mismanagement in 1MDB? If a person in such positions above can be absolved of any responsibility, what kind of accountability practice we have in Malaysia? It also meant that the management of 1MDB is treating Najib as a puppet or rubber stamp.

        This kind of low standard of professionalism is reflected in the latest statement of Nazri.

        http://www.freemalaysiatoday.com/category/nation/2016/04/11/nazri-you-cant-expect-pm-to-micro-manage-1mdb/

        Reply
        • 52. Helen Ang  |  April 12, 2016 at 9:27 am

          re: “We have a distorted public governance and admin system.”

          Correct. It is a dynastic dictatorship in Penang. The city councilors appointed by LGE ganged up against fellow city councilor Dr Lim Mah Hui who is an NGO rep.

          re: “The most obvious was Najib being the PM didn’t step aside to allow impartial investigation into the donation/1MDB issues.”

          Neither is Guan Eng.

          re: “The risk of him influencing the outcome of investigation was very real and substantial as he appointed the respective heads of authorities such as BNM, AG and MACC.”

          Najib didn’t appoint Zeti whose position as head of BNM predated his premiership.

          Abu Kassim’s appointment as deputy MACC chief also predated Najib as PM. His elevation from deputy to MACC boss occurred under/during Najib’s tenure but then again, going from No.2 to No.1 is an almost automatic procedure unless the move up is consciously over-ridden.

          re: “What is the relationship between 1MDB and Najib?”

          Similar to Tun’s relationship with Petronas when he was PM.

          re: “Based on the above, how can Najib deny knowing any wrongdoing/mismanagement in 1MDB?”

          Can you pls provide link to a report of his denial.

          re: “If a person in such positions above can be absolved of any responsibility, what kind of accountability practice we have in Malaysia?”

          Errr, “willing seller, willing buyer”?

          re: “This kind of low standard of professionalism is reflected in the latest statement of Nazri.” http://www.freemalaysiatoday.com/category/nation/2016/04/11/nazri-you-cant-expect-pm-to-micro-manage-1mdb/

          It’s likely that Guan Eng displays a more exacting standard of professionalism and does indeed micro manage the Land portfolio which he holds in the Penang state exco.

          Reply
          • 53. drinho  |  April 12, 2016 at 10:02 am

            re: Zeti, Abu Kassim

            You get the concept wrong. No doubt these people were appointed prior to Najib became PM. But the continuance of their offices depend on the pleasure of the PM. They maybe retired earlier or even sacked. Example is the AG.

            Bottomline, PM is their boss. Who to expect a subordinate to investigate his boss impartially?

            re: Neither is Guan Eng.

            What is the yard stick to decide if an official should resign/step aside pending investigation? I said whether the official has real influence on the outcome of investigation. Obviously, LGE does not appoint the chiefs of authorities such as MACC and PDRM. How can you compare apple to apple LGE’s Tmn Manggis/bungalow vs Najib’s donation/1MDB?

            If everytime an accusation (whether baseless or not) is made against a public official and such official must take leave, don’t you think it will open to abuse? Anyone can ‘simply allege anything’.

            Secondly, whether the info/docs pertaining to the wrongdoing can be erased/manipulated/shredded by the alleged offender. I am not saying that Najib has done any of the above. But as far as LGE is concerned, his documents on bungalow purchase and Tmn Manggis land are already in public domain. Eg. we all know he bought the bungalow at 2.8 mil and KLIDC bought the land at 11.5 mil. No way he can erase or manipulate such info to his benefit.

            re: Can you pls provide link to a report of his denial.

            Sorry. Wrong word. Not ‘deny knowing’. But ‘absolved of any responsibility’.

            It should be:
            Based on the above, how can Najib be absolved of any responsibility in 1MDB?

            re: Similar to Tun’s relationship with Petronas when he was PM.

            Your point is?

            Reply
            • 54. Helen Ang  |  April 12, 2016 at 11:57 am

              Re: “ PM is their boss. Who to expect a subordinate to investigate his boss impartially?”

              PM only recommends. It is the Agong who appoints.

              Abu Kassim was appointed by law under the MACC Act 2009. Similarly the AG is appointed by the Agong through Article 145 of the FedCon.

              Re: “How can you compare apple to apple LGE’s Tmn Manggis/bungalow vs Najib’s donation/1MDB?”

              LGE is a virtual emperor in his state. He holds the Land portfolio and land is a state matter. We can’t discount his interference.

              Re: “If every time an accusation (whether baseless or not) is made against a public official and such official must take leave, don’t you think it will open to abuse? Anyone can ‘simply allege anything’.”

              Right, the Dapsters can and do simply allege any/everything. Hence it was out of place for the opposition to demand that Najib take leave.

              Re: “we all know he bought the bungalow at 2.8 mil and KLIDC bought the land at 11.5 mil. No way he can erase or manipulate such info to his benefit.”

              There is the ‘news’ (rumour) going around that an MACC investigating officer was bribed.

              Re: “re: ‘Similar to Tun’s relationship with Petronas when he was PM’.” / “Your point is?”

              I’m amazed that Tun persists in throwing stones.

              Reply
            • 55. drinho  |  April 12, 2016 at 12:36 pm

              re: PM only recommends. It is the Agong who appoints.

              Role of Agong is ceremonial or to formalise such appointment. Agong must act on the advice of PM. If PM recommends Mr. A as AG, Agong cannot appoint Mr. B.

              re: LGE is a virtual emperor in his state.

              Any CM or MB is virtual emperor in his respective state. Despite LGE’s control over land matters, can he reverse/manipulate things that already happened? Eg, to say that bungalow is not bought at 2.8 mil but at say 5 mil (to reflect market value).

              re: Hence it was out of place for the opposition to demand that Najib take leave.

              You don’t seem to understand the concept of impartial investigation. If the alleged wrongdoer has command over the investigative authorities, impartiality is compromised. Hence, the wrongdoer should step aside pending completion of investigation.

              Reply
              • 56. Helen Ang  |  April 12, 2016 at 1:03 pm

                re: “Role of Agong is ceremonial or to formalise such appointment. Agong must act on the advice of PM.”

                The monarch has power(s). Sultan of Selangor refused to formalize recommendation for Wan Azizah to be MB. Likewise the appointment of MB Perlis and MB Terengganu upon Umno’s advice was blocked by the respective Sultan and Raja.

                re: “Despite LGE’s control over land matters, can he reverse/manipulate things that already happened?”

                He’s a bully. Senang-senang dia ugut — “See what I do to you!”

                re: “Hence, the wrongdoer should step aside pending completion of investigation.”

                If only LGE would do so :D

                Reply
                • 57. drinho  |  April 13, 2016 at 8:44 am

                  re: Wan Azizah, MB Terengganu, Perlis

                  Why compare the appointment of politicians vs government officials? Have you seen any PM’s recommendation of government officials like AG, CJ etc being refused by Agong? Moreover, the positions of Sultans in their respective states are hereditary. Politicians at state level must be in good relationship with the palace to secure their MB positions. At federal level, the position of Agong is rotational. Not as powerful as his position of Sultan at state level.

                  Reply
  • 58. Akim  |  April 11, 2016 at 6:36 pm

    Readers, Please note that the Hansard record on this subject is very long. To save you the time to read so much, I have selected only the relevant parts to show the crime viz “evil, shameful, and wrong” acts and omissions committed by Najib regarding 1MDB.

    Tuan Haji Hasbi bin Haji Habibollah: Tan Sri, tadi kan kita dengar pasal MKD tak tahu langsung, rep pun tak ada, so there is no report to be made to the Minister of Finance kan. So kalau 1MDB buat report whatever to PM, whatever lah, hasil mesyuarat kah, operasinya dan sebagainya, so all the reply daripada Minister of Finance balik kepada 1MDB on kebenaran kah, kelulusan dan sebagainya, is there anything on MKD ada tak copy kah salinan atau apa-apa sebagainya?

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: Operasinya dia dah tak datang ke MKD.

    Tuan Haji Hasbi bin Haji Habibollah: Langsung?

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: Langsung operasinya kita tak tahu. Kita tak tahu. Semua kita baca dalam surat khabar.

    Tuan Pengerusi: Sebab itu Tan Sri, minta maaflah kita jawatankuasa tanya soalan ini berulang kali pasal sama ada kita tak terkejut dan tidak percaya benda ini boleh berlaku.

    Datuk Seri Reezal Merican: Now dah terkejut.

    Tuan Pengerusi: Sudah terkejut sebab itu kita masih tanya lagi nak make sure empat, lima kali ya bahawa betulkah MKD ini langsung tak ada dalam due process pengurusan 1MDB ini. Jadi kita boleh
    establish sekarang ini saya rasa daripada Dato’ Isa cakap, 1MDB has their own source of authority not from Ministry but directly from the Prime Minister and Prime Minister also as the MoF. So they bypass the government due process punya framework lah.
    Is it a fair statement for me to make? You don’t have to answer but I think that is what we are coming to lah, the understanding… [Disampuk] Ya. Okay, alright. It’s okay. I know you switch of the mic.
    [Ketawa] That’s the first time I see you switch off the mic. Okay, any other question about…

    Dato’ Kamarul Baharin bin Abbas: One question, Tuan Pengerusi. Boleh tak jelaskan sedikit peranan Ahli Lembaga Penasihat which you are the member?

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: Saya tak diminta dilantik tetapi dilantik sendiri.

    Sebelum saya, whoever KSP dilantik automatik. So, saya dilantik Disember 2012 di sign oleh Perdana Menteri dan sebelum itu Tan Sri Dato’ Sri Dr. Wan Abdul Aziz mewakili MoF. Of course there is KSN, Tan Sri Mat Noor, former KSN. But if you look at the article – I will take one paragraph on the rule of advisors,

    “The company shall have a Board of Advisors which shall act as advisors to the board with respect to the business and investment initiatives undertaken by the company and provide their advice, knowledge and insight with respect to any matter in which the
    Board of Advisors advice is sought by the board.”

    But so far, they never seek our advice.

    Tuan Tony Pua Kiam Wee: Tan Sri, Lembaga Penasihat tak pernah jumpa?

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: Tak pernah sit, tak pernah minta advice.

    Dato’ Kamarul Baharin bin Abbas: And the board doesn’t meet at all?

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: The Board of
    Advisors – never, never!

    Dato’ Kamarul Baharin bin Abbas: Never meet?

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: Never.

    Dato’ Abd. Aziz Sheikh Fadzir: Belum ada benda untuk kita nasihat.

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: And never sought any advice. Tak pernah minta advice pun.

    Reply
  • 59. Akim  |  April 11, 2016 at 7:33 pm

    Folks, the PAC is a farce. When discussing the most important question – whether 1MDB is solvent – they switched off the microphone. And the Chairman had said earlier that any member not wanting to be on record in Hansard may switch off the mike when speaking. So, many things we will never know until Najib is replaced.

    Tuan Pengerusi: Ini 1MDB ini solvent kah tak solvent ini? Kalau sayalah jadi auditor, (he said later he used to be an auditor before) saya takkan sign akaun ini pasal dalam masa – kalau Board of Directors, kita mesti present 12 month punya cash flow.In 12 month cash flow maknanya you must have enough cash for company to be- a going concern. Hari ini saya tengok the last one year ini banyak kali kerajaan keluarkan pinjaman, keluarkan jaminan dan sebagainya. Lebih kepada keluarkan pinjaman sekarang ini. Is 1MDB ini solvent kah? Ya, okey.

    [Perbincangan secara off-record] [Mikrofon dimatikan]

    Tuan Tony Pua Kiam Wee: Can I confirm whether it is 2013 or 2014’s accounts that they submitted, should be 2014 kan?

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: [Bercakap tanpa menggunakan pembesar suara]

    Tuan Tony Pua Kiam Wee: Tahun 2014 sudah. Kita sudah ada laporan Mac 2014.

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: [Bercakap tanpa menggunakan pembesar suara]

    Tuan Tony Pua Kiam Wee: March 2014. The last account signed off by Deloitte is March 2014.

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: Tahun 2014.

    Tuan Tony Pua Kiam Wee: Tahun 2014, kan. Okay, mike, mike.

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: [Bercakap tanpa menggunakan pembesar suara]

    Tuan Tony Pua Kiam Wee: Okey, faham. So when Deloitte datang untuk buat presentation kepada pihak kementerian, adakah soalan dibentangkan kepada Deloitte, kenapa mereka signed off
    account pada 5 November 2014 tetapi hujung bulan November sudah tidak ada duit untuk bayar hutang? Is that question presented to Deloitte?

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: [Bercakap tanpa menggunakan pembesar suara]

    Tuan Pengerusi: I would also question the Board because this is very clear that in the next 12 months, forward, they don’t have cash. And then the going concern is definitely questioned.

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: [Bercakap tanpa menggunakan pembesar suara]

    Tuan Pengerusi: No, we want the confirmation from you.

    Tuan Tony Pua Kiam Wee: But kita hendak tahu sama ada kementerian ada tanya tidak?

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: Tanya macam-macam.
    Tuan Tony Pua Kiam Wee: Okey.

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: Ditanya how can you approve when 2009, 2010 all you have been… [Bercakap tanpa menggunakan pembesar suara]

    Tuan Tony Pua Kiam Wee: [Ketawa] That’s not an excuse for Auditors, that’s not an excuse. Okay.

    Tuan Pengerusi: We just want confirmation from your side that:
    One, you have no idea what’s going on. Number two, the Auditors, the internationally reputable auditors are now certifying their accounts which is not at the level of international standards. If I was – I mean, I used to be an Auditor, so you know, I can figure it out.
    So the next question would be, can you provide us… Now, how do we get the accounts from sebelum ini? No, complete account.

    Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah: By right, the companies, SSM lah. You need, you get from SSM.

    Tuan Pengerusi: Sudah ada?

    Tuan Tony Pua Kiam Wee: I ada.

    Datuk Ahmad Badri bin Mohd Zahir: The latest one kita ada cash flow dia. In fact, we told them kata dia punya cash flow is not very good.

    Tuan Tony Pua Kiam Wee: [Bercakap tanpa menggunakan pembesar suara]

    Datuk Ahmad Badri bin Mohd Zahir: Yes, yes. Akan tetapi, we still have to provide – we still have to, so called prepare a Cabinet Paper and then we have to let…

    Tuan Pengerusi: Datuk Badri boleh jawab tanpa buka mike atau hendak off. Boleh pilih [Ketawa]

    Datuk Ahmad Badri bin Mohd Zahir: [Bercakap tanpa menggunakan pembesar suara]

    Datuk Seri Reezal Merican: Can I have detail about the debt?

    Tuan Pengerusi: Are you going to blogging on this? [Ketawa]

    Tuan Tony Pua Kiam Wee: No, no.

    So folks, doesn’t the above justify calling it a farce? Definition of the word justifies that.

    Reply
  • 60. Akim  |  April 11, 2016 at 8:19 pm

    When the PAC Pengerusi asked if 1MDB is solvent, he was on the way to a Cabinet post, like his predecessor Nur Jazlan. Alas, we don’t know what was discussed. Because they talked “off the record” despite Hansard usually contains all that is discussed in Parliament.

    But the act of not having the discussion on record and making light of such a serious matter as 1MDB now indebted RM50 billion, saying such things as the following that made Najib feel at ease, his prospect of a cabinet post fizzled away:

    Tuan Pengerusi: That’s why when you explain ini is quite good you say we don’t know. Nanti panggil the Board Directors kah management, they say, “We can’t remember” [Ketawa]

    [Ahli berbincang sesama sendiri] [Mikrofon dimatikan]

    He forgot the “cari makan” bit.

    Reply
  • 61. Orang Perlis  |  April 12, 2016 at 10:28 am

    Good luck Akim.

    some may not want to read just because its “öut of their expertise” ;)

    Reply
    • 62. Akim  |  April 12, 2016 at 1:50 pm

      Thanks, Orang Perlis. I’m glad that drinho has joined in the discussion. I agree with most of what he said above.

      Helen has mastered the art of deflection now. Anything against Najib, she’d throw the red herring about Lim Guan Eng etc. Not that I really mind any scalping of the biadap and corrupt bloke, but that it’s amazing how the intelligent and respectable blogger Helen has mastered the art of not answering but just deflecting.

      Be that as it may, we will continue to point out the wrongs of 1MDB which, really, are Najib’s wrongs. The crime that has been defined as “an action or activity that … is considered to be evil, shameful, or wrong.”

      I have not seen any convincing answer to the question of whether 1MDB MD Shahrol and others during the relevant periods of wrong doing did so on their own. Particularly when Article 117 of the 1MDB M&A is emphatic on “authority in writing from the Prime Minister” on so many things.

      As Tan Sri Seregar, the Secretary General of the Ministry of Finance said at the PAC hearing, the Board of Advisers never met, no one from MoF is on the Board of Directors (unlike other GLCs), no MoF views were sought, suggestions for briefings by MoF were not responded to. One gets the impression that 1MDB is a one-man operation as far as policies and business decisions are concerned – Najib, Najib and Najib. So, whatever ills it has brought, the responsibility is Najib’s. His and UMNO’s image is terrible now.

      UMNO has to replace Najib or risk losing at PRU14. The situation may then turn from bad to worse and the rakyat suffers. That’s why the Deklarasi Rakyat, the Save Malaysia campaign and the call to the rulers to “pohon ambil perhatian”.

      Reply
      • 63. drinho  |  April 13, 2016 at 9:15 am

        Akim, yes I am perplexed that Helen replied by way of using LGE as red herring rather than responding directly. Anyway, just to quote Tun M. Various countries like US, Singapore, Switzerland etc and news portal like WSJ, Bloomberg etc are investigating or covering news on 1MDB. As Tun M said “Kamu ingat mereka ini tak ada kerja lain nak buat melainkan memburukkan nama 1MDB”.

        Not to mention that AG had dismissed MACC’s request for MLA (mutual legal assistance) to seek info/docs from foreign nations. In fact, Najib asked MACC to close file. This is unconstitutional. AG’s power is to decide whether to prosecute or not. MACC can continue to open file and investigate irrespective of AG’s decision not to prosecute.

        Reply
  • 64. Akim  |  April 12, 2016 at 2:40 pm

    One also gets to feel the appointment, the audit and the signing of 1MDB accounts by Deloitte were very questionable. Indeed, there was such a barrage of questions by PAC panel members that Deolitte’s lawyer present at the hearing tried to “lecture” the PAC Chairman and members on what and how questions may be asked of Deolitte team members. And the lawyer got a really hard walloping by the PAC Chairman until he literally shut up. See

    http://www.parlimen.gov.my/images/webuser/pac/hansard%20PAC/1mdb/PAC-10062015%20Bil.%2034.pdf

    Excerpts:

    “.. you have qualified earlier in your comments that Deloitte does not make any judgement on whether the company is viable or otherwise. In any standard Audit Reports, issues that will affect the company as a going concern will necessarily be reflected in the accounts. .. if they are substantive, then there may be qualifications to the report. This report was signed off unqualified.

    Tuan Pengerusi: Just answer that question. Would 1MDB’s “going concern” be affected if the Tanjong deal (IPO) did not proceed?

    Tuan Tony Pua Kiam Wee: .. There’s no point assuming the
    IPO is not going to proceed because IPO as at 5th November when you signed, we know perfectly that it won’t happen in November.

    Encik Ng Yee Hong (Deloitte): Alright.
    Tuan Tony Pua Kiam Wee: Yup.

    Tuan Tony Pua Kiam Wee: … I’m just asking for a confirmation from the auditors if the Tanjong agreement provides any guarantee at all that 1MDB will receive the funds, and the basis of Deloitte judgment,

    Encik Ng Yee Hong: if by 28th November that IPO have not been completed, the lenders which in this case is Maybank which is indicated as group of lenders with Tanjong, with 1MDB, will have to come to an agreement and to get Tanjong to put in the RM2 billion contingent equity into the company so that the cash can be used to repay Maybank.

    Tuan Tony Pua Kiam Wee: There is no…
    Encik Ng Yee Hong: It is in the long agreement.

    Tuan Tony Pua Kiam Wee: There is no guarantee, and there is no valuation specified in this RM2 billion.
    Encik Ng Yee Hong: Based on our review after loan agreement, that is what it says.

    Tuan Tony Pua Kiam Wee: No, no. These people are going in circle, Mr Chairman.

    My comment: Najib wanted Deolitte, one of the top four international audit firms to audit after KPMG (which did not complete its audit job) to give credibility to 1MDB. But, as the above and many other instances at the hearing, 1MDB’s image became worse. Najib’s crime.

    Reply
  • 65. albert  |  April 12, 2016 at 9:49 pm

    For the first time we have 1MDB officially linked with “a company related to the motion picture industry” in the Swiss criminal investigations.

    see :
    https://www.news.admin.ch/message/index.html?lang=en&msg-id=61315

    Reply
    • 66. Akim  |  April 13, 2016 at 7:35 am

      Txs for the link, Albert. You are right, 1MDB “officially” linked with the Swiss criminal investigations.

      Specific mention of “the Genting / Tanjong chapter, one of the four main chapter of the Swiss investigation” opened on August 14, 2015. 1MDB subsidiaries issued two series of bonds to finance investments in electric power plants. It covers the circumstances in which these subsidiaries obtained the guarantee to repay these bonds from an Abu Dhabi sovereign fund.

      1MDB’s auditor, the audit firm Deloitte, was grilled during the PAC hearing. But PAC was farcical. Many parts of the hearing were not recorded – the “cari makan” Chairman pointed out to those present at the hearing that those not wanting to be on Hansard Parliamentary record may switch off their microphone when talking. What utter nonsense.

      Good that the Swiss Attorney General’s Office said those funds would have benefited others, particularly two public officials concerned as well as a company related to the motion picture industry – presumably belonging to Najib’s “suddenly rich” step son, Riza Aziz. And that a former 1MDB body, already accused in the Swiss proceedings has also benefited from these amounts.

      The Swiss AG spokesman also said they are asking info from other countries as well, including Spore. This is clear proof that the 1MDB and R2.6 billion issue is not going away even after the PAC “report” to parliament. Najib has to undur or be replaced to lessen the damage he has done to the country.

      Reply
      • 67. Helen Ang  |  April 13, 2016 at 8:42 am

        re: “Najib has to undur or be replaced to lessen the damage he has done to the country.”

        If Najib is removed, then the DAP and opposition will have a field day spreading slander not only about the PM but about his party that is supporting him to remain as its president.

        DAP will also go to town with the propaganda that BN is corrupt and saying that is the reason for Najib “running away” (berundur).

        The negative perception that the DAP will continuously hammer wrt to Najib’s withdrawal will cause the BN to lose GE14.

        Najib must stay on to clarify the unfolding developments because it is unlikely that any successor as BN chairman will be able to contain the 1MDB fallout.

        Reply
        • 68. Tehtarik  |  April 13, 2016 at 9:53 am

          So, are you saying it is ok to have a thief / robber at the helm so long he can keep the opposing party at bay?
          What kind of people are you, HA?

          Reply
          • 69. Helen Ang  |  April 13, 2016 at 9:57 am

            You’re accusing the Prime Minister of our country as a “thief” and a “robber”.

            It’s a serious charge you’re making. Do you have any proof?

            Reply
            • 70. Akim  |  April 13, 2016 at 11:27 am

              thief is defined as = a person who steals another person’s property, especially by stealth and without using force or violence.

              steal = 1. take (another person’s property) without permission or legal right and without intending to return it.

              2. move somewhere quietly or surreptitiously.

              rob = informal dialect, steal.
              “he accused her of robbing the cream out of his chocolate eclair”

              The 3 definitions of crime have been provided earlier on. One is certainly applicable to Najib –

              crime = an action or activity that … is considered to be evil, shameful, or wrong.

              Reply
              • 71. Helen Ang  |  April 13, 2016 at 11:42 am

                Evil, shameful or wrong is subjective.

                ‘Illegal’ or ‘criminal’ is defined in the Penal Code.

                So far, Najib has not been arraigned for any illegal activity or criminal offence.

                Reply
                • 72. drinho  |  April 14, 2016 at 8:49 am

                  Maybe not outright criminal activity, but certainly Najib is responsible for carelessness, mismanagement and negligence in relation to 1MDB’s debacle. How do we hold Najib accountable?

                  Reply
            • 73. Tehtarik  |  April 13, 2016 at 11:21 pm

              Did i? Obviously you did!

              Reply
        • 74. Akim  |  April 13, 2016 at 11:18 am

          If Najib is not removed, DAP etc will have a field day PLUS many of the previously pro-UMNO people who have gotten so fed up with Najib.

          But, if Najib undur or is replaced, sure DAP will still have a field day. BUT the pro-UMNO fellas hitting at Najib until then WILL CEASE WHACKING NAJIB AND WHACK DAP ETC INSTEAD.

          That huge difference must be appreciated.

          Therefore, Najib must undur or be replaced. The Deklarasi Rakyat and the Save Malaysia campaign will go on until that happens. Or until PRU14. It may end up with UMNO/BN’s demise at PRU14. If so, don’t blame Tun and Protun. Blame Najib, MT, Ketua2 Bahagian, Pemuda and Wanita UMNO.

          That Najib nearly threw out the Sedition Act (that protects Malay rights and interests in the Constitution) already shows the extent he’d go destabilizing Malay sensitivities. That those UMNO people did protest then and made Najib U-turn shows that they could and should do the same now.

          Najib to stay just to contain the 1MDB fall out? No, he’d make it worse. A new PM can contain that much better. Internationally, Malaysi’s image will be better when Najib leaves the scene – the source of so many problems got rid of. In the country, too, a lot of regaining confidence that Najib’s brother CIMB Nazir has been concerned about business- and economy-wise.

          Reply
          • 75. Helen Ang  |  April 13, 2016 at 11:57 am

            re: “If Najib is not removed, DAP etc will have a field day PLUS many of the previously pro-UMNO people who have gotten so fed up with Najib.”

            Many pro-Umno people have gotten so fed up with Tun Mahathir too. So the vote slide within the Malay community is plus-minus.

            re: “But, if Najib undur or is replaced, sure DAP will still have a field day. BUT the pro-UMNO fellas hitting at Najib until then WILL CEASE WHACKING NAJIB AND WHACK DAP ETC INSTEAD.”

            No, they won’t. Tun has not whacked the DAP anytime in the last two years. He has only been whacking Najib relentlessly.

            The Protuns have berkerat rotan berpatah arang with Umno. Tun recently said that the Umno members are pemakan dedak.

            re: “That huge difference must be appreciated.”

            Some Protuns are becoming more and more like the Dapsters with each passing day.

            re: “Therefore, Najib must undur or be replaced.”

            Replaced with whom?

            re: “The Deklarasi Rakyat and the Save Malaysia campaign will go on until that happens.”

            Kongres Rakyat kicked off on March 27 which was Easter Sunday. This ‘Save Malaysia’ movement is in cahoots with the DAP evangelistas.

            re: “It may end up with Umno/BN’s demise at PRU14.”

            Correct. The DAP is very good at its Politics of Hate. Najib Razak is their bullseye target.

            re: “If so, don’t blame Tun and Protun. Blame Najib, MT, Ketua2 Bahagian, Pemuda and Wanita UMNO.”

            Tun drafted Deklarasi Mahathir on March 4. He is the de facto Ketua Pembangkang.

            re: “That Najib nearly threw out the Sedition Act (that protects Malay rights and interests in the Constitution) already shows the extent he’d go destabilizing Malay sensitivities.”

            He was trying to be ‘progressive’. He’s since realized that Democracy is wasted on the so-called ‘Democratic Action Party’ and its followers.

            re: “That those UMNO people did protest then and made Najib U-turn shows that they could and should do the same now.”

            But they’re not. That’s why Tun couldn’t pull off a coup d’etat within Umno and had to seek the intervention of foreign powers on top of collaborating with the opposition.

            re: “A new PM can contain that much better.”

            Zahid or Hisham would not know the intricacies of 1MMDB.

            re: “Internationally, Malaysi’s image will be better when Najib leaves the scene – the source of so many problems got rid of.”

            It’s not realistic to lay the blame on Najib for everything. On the contrary, it’s evident that the media are pushing an agenda to demonize him.

            re: “In the country, too, a lot of regaining confidence that Najib’s brother CIMB Nazir has been concerned about business- and economy-wise.”

            Nazir Razak admitted to helping his big brother disburse funds to the (presumably) Umno warlords in the run-up to GE13. He’s no saint.

            Reply
  • 76. Akim  |  April 13, 2016 at 8:20 am

    This is one of the damning proofs of 1MDB crime, per the Hansard record –

    Tan Sri Dato’ Setia Ambrin bin Buang (Ketua Odit Negara): Actually ada beberapa dokumen yang … Sehingga hari ini kita tidak dapat.

    Tuan Tony Pua Kiam Wee: … sebagai PAC kita berkuasa untuk memastikan supaya 1MDB memberikan segala dokumen yang diminta bukan sahaja oleh PAC tetapi juga oleh Auditor General. Kalau mereka tidak bagi, itu satu boleh kira contempt of the PAC …

    Tan Sri Dato’ Setia Ambrin bin Buang: .. amalan biasa Audit kita ada dateline. Kalau kita tidak terima sesuatu dokumen atau sesuatu, kita akan nyatakan dalam laporan kita. .. oleh sebab kita dah beri komitmen kepada PAC akan membentangkan pada 24 hari bulan, saya tidak boleh nak tunggu lagi … Maknanya kalau kita tidak terima .. kita akan mention dalam bab laporan itu bahawa dokumen itu tidak diserahkan …

    Tuan Tony Pua Kiam Wee: One bigger item that they didn’t provide – bank statements. Macam mana hendak buat audit kalau tidak ada bank statements. Itu paling penting. That’s a standard, that’s a minimum requirement.

    Reply
  • 77. albert  |  April 13, 2016 at 10:04 am

    In the PAC minutes, there is a direct mention of PM’s directive to 1MDB not to have a 2nd valuation, after the dubious one by Edward Morse.

    http://www.parlimen.gov.my/images/webuser/pac/hansard%20PAC/1mdb/PAC-25112015%20Bil.%2029%20Bhg.%201.pdf

    PAC 25.11.2015, pg 46

    QUOTE:
    Tuan Tony Pua Kiam Wee: Okay. I have here in front of me Lampiran 39, Mesyuarat Lembaga Pengarah pada 7 November. It is minuted down here in that Board Meeting, item 7.4, that there was a direction from the Chairman of Board of Advisors where they said that there will be no second valuation on the assets of the JV company. Is that an accurate reflection that is recorded in the minutes that the direction came from the Chairman of the Board of Advisors?

    Datuk Shahrol Azral Ibrahim Halmi: If that what the minutes says, Yang Berhormat.

    Tuan Tony Pua Kiam Wee: So arahan dikeluarkan oleh… [Disampuk] PM lah, Prime Minister. So, the Prime Minister directed that there will be no second valuation on assets in the JV company… [Disampuk] That is minuted. Lampiran 39.
    UNQUOTE

    With the Auditor/MACC/BNM reports being OSA’ed etc, it seems that
    Malaysians now will learn about the 1MDB scandal through a round-about way, i.e. from the foreign investigations. Like from the Swiss AG, who cannot be sacked, whose officers cannot be transfered or detained, and whose media releases cannot be OSA’ed. And these info cannot be dismissed as ‘smearing’, ‘toppling elected government’, ‘acts detrimental to democracy’ etc.

    The other thing is that those allegations from UK blogger, US newspapers which were dismissed as malicious etc, are now being corroborated by these new developments.

    Reply
  • 78. Akim  |  April 14, 2016 at 7:44 am

    Bang! An explosion caused by the Deputy PAC Chairman Tan Seng Giaw issuing a statement saying

    “pendirian Hassan (Pengerusi PAC) tidak berasas, bersifat bohong dan menyeleweng daripada pandangan Jawatan kuasa itu.”

    Not just his views alone, but of several other members of the PAC hearing the 1MDB case as well.

    They are calling on “Cari makan” Hassan to withdraw his statement on the “1MDB Report” which claims it as a “consensus” of all PAC members. Accusing it, instead, as serving Najib’s interest.

    Google News headlines page has not stated that “bombshell news” yet but a report in what appears as a Malay language newspaper has surfaced on the internet. The report was by Nizam Zain, Shah Alam.

    Hopefully reports by others are not being blocked, as one often sees “Error 404 .. page not available ..” and that kind of stuff when clicking on reports that are not favourable to the Establishment.

    Whatever it is, this is another proof that PAC will not succeed in putting the 1MDB and RM2.6 billion issue away. It will live on and on with vehemence until PRU14 unless Najib withdraws or is replaced.

    Reply
    • 79. Helen Ang  |  April 14, 2016 at 12:03 pm

      re: “It will live on and on with vehemence until PRU14 unless Najib withdraws or is replaced.”

      Akim, you’re overdoing it.

      And stop using my blog as a platform for your incessant anti-Najib propaganda. So far, I’ve let through all your comments on the 1MDB and PAC in the interest of info-sharing but you’re abusing my open-mindedness.

      I’m open to your sharing info on 1MDB and PAC even though it’s out of topic but for you to continually tag on the line about removing Najib is too much.

      The topic of this thread is the Proton car receiving RM1.5b loan. Here is not for you to repeatedly call for PM’s removal. We’re a democracy and you can certainly do it elsewhere but stop abusing my blog’s hospitality.

      Reply
      • 80. tehtarik  |  April 14, 2016 at 12:31 pm

        that’s because you are propagating someone who is a world renowned thief as a victim.
        Even you staunch followers cant stand your lop-sidedness now.

        Dah confirm makan dedak lah Helen you ni.

        Reply
        • 81. Helen Ang  |  April 14, 2016 at 12:49 pm

          (1) Who are you calling a “world renowned thief”?

          (2) My stand is clear: GE14 is going to be Umno vs DAP

          (a) It is equally clear that from now until 2018, Najib will not be knocked off his perch. He will be the BN chairman leading the ruling party into the election.

          (b) So anyone who does not want to see DAP win will have to, by default, rally behind Najib as the BN war general.

          (3) The requirement for a war general means we’re at war. The DAP declared war long ago with their ABU which intends a total destruction of Umno.

          I don’t pretend to be “non-partisan”. From early on I’ve openly declared which side I’m taking, i.e. not DAP’s. And as early as middle of last year, I’d also openly stated that I choose Najib over Tun Mahathir.

          It’s very simple. Tun is not fighting the DAP. On the contrary, he’s working with the opposition. If you’re anti-DAP and anti-oppo, there’s no way you can choose to support Tun over Najib.

          Looking at how utterly vicious the Chinese supremacist, Christian triumphalist DAP and its sneaky chameleon operatives are, pro-establishment supporters would do well to be afraid, very afraid of the DAP succeeding in taking over Putrajaya.

          Reply
          • 82. Tehtarik  |  April 15, 2016 at 12:25 am

            Oh come on HA, dont be an idiot. It is not abt muslim or christians. It is about the integrity of the person helming the country. If LGE is corrupted, lock him up. The same goes for that couple.

            And stop posting the cartoon character in your blog if you do not pay royalty to the rightful owners. It is a form of STEALING. Perhaps you have the same mindset as the couple, that, stealing is perfectly fine and acceptable. Stop telling people you are decendants of babas and nyonyas. The real babas and nyonyas have much integrity and stealing is not a culture of theirs.

            Reply
            • 83. Helen Ang  |  April 15, 2016 at 12:39 am

              Stop bullshitting lah. What integrity has the opposition shown? Anwar’s Sept 16 (2008) attempted purchase of MPs to change the government is integrity? The Kajang Move is integrity?

              DAP cursing Dr M for all the ills of the nation but today becoming his overnight BFF is integrity? Backstabbing Khalid Ibrahim and PAS is integrity?

              Don’t make my toes laugh by invoking the word.

              As for “stealing”, who is stealing (reclaiming land) from the sea and leveling the hills doing shady land deals? You think if ever DAP gets its grubby fingers on the national coffers, the cookie jar will be safeguarded?

              You can self-righteously thump your chest all you want but a large segment of the majority race believe that Cina DAP is synonymous with “penipu dan pembohong” (to repeat the phrasing by Ali Tinju).

              You’re living in delusion if you actually believe that the opposition is squeaky clean while the BN are “thieves” as you keep alleging. The oppo is much, much worse.

              Reply

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