The real cost of a bribe
The beastly business of identity politics Sacred cow, profane politics beyond the karmic and the dharmic, valid arguments What then are our fond preferences and deepest apprehensions about? There was a time when it almost sounded like a truism that Malays somehow hates excellence and is in love with mediocrity. The Malays stenographer crawling along the corridors of power in the national capital was perceived by many as a prototype.
Bank Negara has revoked three permissions previously granted to 1MDB under the Exchange Control Act 1953 (ECA) for investments abroad totalling US$1.83 billion (about RM7.5 billion at the current exchange rate). All right, that is pretty clear.The AG notwithstanding has absolute discretion in either to charge or not, though his discretionary decision can only be exercised judicially and not based on whimsical basis. The rulers must be kept engaged and informed of this gross derelict of statutory duty.
Bank Negara has investigated 1MDB under the ECA for knowingly or recklessly making a false statement. That is also pretty clear.And in such crisis, Najib still wants to hand out another billion ringgit worth of BR1M, so that the people will be endeared to him. Tengku Razaleigh revealed that nearly RM10million is given out monthly to 192 Umno Division leaders with each pocketing RM50,000. Najib goes on to buy a new executive jet that even US President Obama would be jealous of.
With this revelation, they would definitely know that they are in the right direction. They should now freeze the accounts of whoever was involved with these crooked dealings in their own countries.
Money laundering is a serious offence. If left to proliferate, it could make a nation bankrupt as it could affect the property and stock markets by way of eroding the confidence of investors.
That is why the US and all those countries mentioned above are dead serious about it. What more when the PM of a country is involved.
the AG’s Chambers found the information furnished were in order. So, we need to know on what the grounds the AG’s Chambers made its findings.
Deputy solicitor-general I Abd Majid Hamzah, it is not enough for you to just say that there is no offence committed by 1MDB and no further action would be taken.
Unless you want to commit lPse-majesté against our rulers, you have to reveal to the public the facts and the reasons for the AG’s Chambers to have come to that decision.
So when are you going to tell us why the AG's Chambers says no offence was committed by 1MDB?