a website dedicated to express views on topical legal issues, thereby generating a cross current of ideas on emerging matters
Friday, May 1, 2015
Not just small change:why the immunity from prosecution to Jho Low
How much needs to be spent just to keep government systems alive even if they do nothing of value for citizens? This is a close proxy for “current liabilities”.
Cheras Umno chief Syed Ali Alhabshee is tired of waiting for investigators to haul up businessman Jho Low in the probe on 1Malaysia Development Bhd’s finances.
He said Low's name "keeps popping up" when it comes to allegations of misappropriation of funds yet there has been little news on the progress of investigations and whether Low is under the microscope.
"We (have been) waiting from early March, and there is not even a whimper on the investigations by the task force, which was set up to investigate 1MDB," he said on the division's official blog.
"The task force, which is trailing at a snail's pace, has not called (Low) in for questioning. And we are clueless as to whether they ever will," he vented.
He said although Low keeps denying involvement in 1MDB, there are now exposes alleging that billions of ringgit originating from 1MDB found their way into bank accounts controlled by Low.
Whistleblower website Sarawak Report among others published leaked emails between 1MDB, Saudi Arabian PetroSaudi International, Low's associates and the businessman himself.
The emails showed that 1MDB was instructed by PetroSaudi to bank in US$700 million (RM2.5 billion) into an account belonging to a firm controlled by Low.
In response, Low decried he was caught in political crossfire, but did not deny the veracity of the leaked emails.
PetroSaudi also lodged a report claiming their database was hacked, but said all funds 1MDB invested into the now defunct 2009 1MDB-PetroSaudi joint venture went to PetroSaudi firms.
This month, Sarawak Report cited leaked investigation findings from Singapore, showing that more funds originating from 1MDB made it to Low.
When contacted, the Monetary Authority of Singapore said it is assisting Malaysia in its probe on 1MDB but cannot comment on specific cases and ongoing investigations.
my 15-year-old son can make that observation (on 1MDB) is causing negative investor sentiment.Recent developments at 1Malaysia Development Berhad (1MDB) have raised fresh concerns over the self-styled national strategic development company, on top of the numerous longstanding concerns it already has.
Perhaps, just perhaps, 1Malaysia Development Bhd or 1MDB does not understand what it needs to do to convince the public all is well with it. To help it along, here are 10 things that we feel our national self-styled strategic development company can do to soothe frazzled nerves and convince us Malaysians our money is safe
Living under the tawdry and sinking regime of Prime Minister Najib Razak must seem to Malaysians like death by treacle. Rosmah and Najib 1mdbThey are drowning in a gluey black sea of venality the likes of which has not been seen in this region since the days of President Ferdinand Marcos in the Philippines.also read thisRosmah's reloaded Naib "will not budge or surrender"
Action or Inaction?
Yet, despite these investigations and recommendations by the authorities both within Malaysia and Singapore, the Finance Minister cum Prime Minister last night dismissed the entire series of documented revelations about 1MDB as “wild allegations”:
“”As a transparent government, I as the prime minister and the head of the leadership, with the honourable deputy prime minister and supported by the minister as wells as members of the administration, would never for a moment budge or surrender.
“Instead, we would remain steadfast and continue our struggle, charting a million new paths for the people and nation”, the Prime Minister declared in a speech designed to shore up his position against growing concerns about 1MDB’s missing billions.
In which case will he release these documents and authorise charges to be made against the transgressors identified by Malaysia’s own investigators READ MORE AT SARAWAK REPORT
PM Najib termed a “dead man walking” over investment debacle
immunity from prosecution to prevent endemic illnesses of the body politic
Our mind creates hurdles in our pursue for enjoying our wealth. This problem is more acute when it comes to spending for pleasure. When we dig deeper into our self we realize that jealousy, inferiority complex, shame, greed are all the creations of our mind.
Mongolia in Malaysia. “I am ready to do everything to help you”, said the diplomat to Shaaribuu Setev. His dedication even pushed the amicable Datuk Syed to make revelations to the father. “The Malaysian governement is ready to spend one billion of tughrik (mongolian currency, equivalent to 500,000 euros) to cover up the case”
Rosmah and Bustari formed a close friendship years ago when they both worked for developer Island Peninsular Berhad. one of Najib's brothers, Datuk Mohamed Nizam Razak, was one of the substantial shareholders of Petra Energy..a series of text messages was made public indicating that Najib had been involved in finding a lawyer, Shafee Abdullah, to represent Abdul Razak. One message from Shafee to Najib said: “We provided (the police) everything, including old PDAs and notebooks and a couple of bills. Nothing incriminating.” Malaysia Today said the exchange raises questions if anything “incriminating” was kept from the police.
Besides allegations that Altantuya was the lover of both men, the case has raised additional concerns of corruption at the top of the United Malays National Organisation, the leading political party in the national ruling coalition. The Mongolian woman appears to have been the translator on a controversial transaction in which Malaysia, with Najib as defense minister, paid €1 billion for French submarines, netting a company tied to Abdul Razak US$111 million in “commissions.”readmore http://thetwilightjudicialreview.blogspot.com/2012/07/why-did-judge-mohd-zaki-dismissed-to.html
Prime Minister Najib Abdul Razak has stood firm in the face of a raft of criticisms and allegations coming from Dr Mahathir Mohamad and his detractors.
Are we surprised? No, we are not. We know that one of the signs of those who suffer from inferiority complex so grievous is to become too big for their boots when they get into a position previously a mere dream to them.the people of Malaysia would prefer we donate RM1 each to fund the wedding of the century if only PM Najib Razak can recover the billions lost in 1Malaysia Development Berhad (1MDB) alone.
a wedding shrouded in unholy secrecy. PM wife’s Rosmah Mansor having lavishly spent RM3 million on floral decoration They flaunt their new-found wealth regardless of how they got it - and that is to say, by legal or illegal means - and they say, "Bugger what others may think or say!"
To enjoy wealth, Rosmahs’ relationship with money.purity of mind is most important she work hard, save and invest money and create wealth.We decide to have ala grand marriage of our daughter. It has been three decades since the marriage of a girl is taking place in entire extended family. Everybody is happy. Preparations have been going on for six months now. Three weeks before the functions were to begin we came to know that clothes and jewelry ‘other’ family is likely to wear during the function is of superior brand. We start feeling inferior. Throughout the marriage functions we keep looking at what ‘they’ are wearing and try and map ourselves to them. Inferiority that creeped in, took away our joy of marriage.
How do arranged marriages work out for women who are expected to be career-minded at work and complacent at home? Amrit Dhillon chats about this and more with the author Nandini Krishnan, whose book on the subject has been published by Random House India
In her new book on arranged marriages in India, Hitched: The Modern Woman and Arranged Marriage, Nandini Krishnan examines how the arranged marriage system has evolved over the years. Here’s her take.
In the course of your research, what were some of the big surprises?
I was surprised that there doesn’t seem to be much difference between a love marriage and an arranged one in the immediate aftermath – all newlyweds face similar challenges. I was speaking to a friend who married her boyfriend of three years, and she told me that however well you think you know a man, living with him will spring its share of surprises.
A huge positive for me was coming across arranged marriages that transcend caste and religion. I’ve written about a Muslim woman who was vegetarian by choice, and drawn to Hinduism as a child, and eventually had an arranged marriage with a Brahmin.
Are the expectations from a woman too high, in that she is expected to be dutiful and homely, as earlier, but also a career woman bringing home good money?
There are certain families that have ridiculous expectations and want a bride who is Indra Nooyi, Nigella Lawson and Gisele Bündchen rolled into one. But men of this generation are far more understanding and cooperative than their fathers, changing diapers and taking turns with night feeds.
The idea that men don’t marry the kind of women they date has become obsolete, too. One of my interviewees said he wanted to marry a gamer, and he doesn’t care what else she’s good or bad at. Though I found that funny at first, I later realised it’s not too different from wanting a spouse who reads. If playing video games is your idea of relaxing, you would want to share that with your partner. Compatibility has become more important than traditional criteria for eligibility.
Have arranged marriages survived because young Indians are conformist and obedient?
I think there’s less cause to rebel against arranged marriage because most people of this generation – at least among the modern, urban, educated elite – are not forced into marriages. No one wants a marriage to end badly. It may also be that young people have usually had a few serious relationships these days, which have eroded some of their sharp edges. They’re perhaps disillusioned enough to lower their expectations of marriage.
Has the internet improved or worsened the experience of finding a match?
It’s been both, for men and women. For one, it has made people far more transparent. You know where someone has worked, you find out if you have mutual friends on Facebook, and you make your enquiries. On the other hand, it also offers anonymity for someone who wants to stay anonymous. In such cases, transparency becomes a delusion. One often reads reports about women who have been lured by sexual predators, con artists and other kinds of criminals online.
You were surprised at how successful arranged marriages can be. Do they have a charm of their own that some people in the west don’t realise?
I think they work because people enter an arranged marriage with more trepidation. In some sense, they’re prepared for the worst. In a romantic relationship, expectations tend to rise at every stage – the first date, the first kiss, your first vacation as a couple. So, when they get married, their expectations rise as well – or they expect things to be a certain way, and are disappointed when they are not.
A friend who had an arranged marriage spoke about how, in a love match, one can put one’s best foot forward, even for several years, because you get a break from your partner as long as you live in separate homes. But when you are with one person 24/7, his or her ugly side starts to peep through. In an arranged marriage, people have less time to show their most flattering angles; they are, perhaps, more prepared for compromise, more willing to not have everything.
Do you get the impression that Indian men are less evolved and less refined than Indian women?
I think that’s a tad unfair on Indian men. The men I spoke to have had their share of horror stories as well. One was stalked from one city to another by a girl. He also met a woman who insisted that he acquire an MBA to become more eligible. There’s another anecdote about a girl who started firing questions at a prospective partner about his stance on miniskirts and boarding schools. There are sensible, intelligent people of both sexes but somehow they seem to meet a lot of freaks before they meet each other.