US Department of Justice and Malaysia's scandal of scandals
Malaysia is once again in the midst of a serious political scandal, with the allegation that the government-run investment company 1Malaysia Development Berhad (1MDB) has been used to funnel approximately US$ 700 million to a personal account of Prime Minister Najb Razak.
It is not just Umno but the whole Malaysian nation which had been hit by the 1MDB scandal like being blasted by an atomic bomb, with the crowning ignominy of being regarded worldwide as a “global kleptocracy” as a result the US Department of Justice (DOJ) lawsuits to forfeit over US$1 billion assets in the US, UK and Switzerland as a result of US$3.5 billion criminal embezzlement, misappropriation and money-laundering of 1MDB funds.But the catastrophic after-effects of the 1MDB scandal have not ended with the DOJ action as evident from a greater and further loss of national and international confidence in Malaysian governance, when there was no official proactive response to the DOJ complaint despite the mass of details about the criminal conduct and grand larceny of 1MDB-linked funds involving the highest authority in Malaysia, euphemistically referred to as “Malaysian Official 1”.This is on top of the latest developments over the class action suit by ex-prime minister Dr Mahathir Mohamad's former political secretary, Matthias Chang and former PAS leader Husam Musa in the United States against individuals linked to 1MDB.
Against such a backdrop, three recent developments have made it clear that the storms from the “atomic bomb” explosion of the 1MDB scandal will not recede but will continue to haunt and hound Malaysia in the coming months and even years.
Firstly, the refusal of the Public Accounts Committee (PAC) to re-open investigations into 1MDB;
Secondly, the announcement by the Bank Negara governor Muhammad Ibrahim that there would be no re-opening of investigations against 1MDB despite the damning 136-page DOJ complaint; and
Thirdly, the statement by the new Malaysian Anti-Corruption Commission chief commissioner Dzulkifli Ahmad that his main focus is to ensure a civil service which is clean of corruption, misappropriation and power abuse, completely avoiding what should be the greatest challenge of MACC - to purge and save Malaysia from the international ignominy of a global kleptocracy.
The time has come for every Malaysian to know the meaning of kleptocracy - defined as a rule by a thief or thieves
the whole Malaysian nation which had been hit by the 1MDB scandal like being blasted by an “atomic bomb”, with the crowning ignominy of being regarded worldwide as a “global kleptocracy”