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Wednesday, July 15, 2015

THE CURSE OF 1MDB: Give up Umno presidency if you won't quit as PM, pro Dr M camp tells Najib

THE CURSE OF 1MDB: Give up Umno presidency if you won't quit as PM, pro Dr M camp tells Najib
1Malaysia Development Berhad (1MDB) continues to claim its victims. The primary casualties are all of us Malaysians. We are being made to suffer indignity and its contagion effects.
The Finance Ministry-owned "strategic investment" company has become what, in the Malay folklore, is called “Sang Kelembai” or “Gedembai”.
Sang Kelambai is so evil and sinister that whatever it touches or touches it turns into stone.
To cite just two examples; it touched Tabung Haji and Tabung Haji got into trouble. Its deposits thronged its offices to withdraw their savings. It touched TNB and TNB got into trouble. Investors dumped its shares.
And don’t forget, 1MDB has also been established as one of the reasons for the prolonged weakness of the ringgit in addition to the global factors.
This famous "elephant rock" is said to be the handiwork of Sang Kelembai
Latest victim
The latest victim is an individual by the name of Badlisyah Abdul Ghani. He is the CIMB Islamic Bank chief executive officer.
In his enthusiasm to prove the Wall Street Journal’s expose on the Prime Minister’s billions (some RM2.63 billion to be exact) in AmBank Islamic wrong, he had to resign from his job and face internal inquiry. He could end up losing his employment benefits.
Soon after WSJ published its report on July 3, Badlisyah posted a Facebook comment, casting doubts on the authenticity of the documents WSJ used.
The US business newspaper, had among other things, alleged that some US$700 million flowed into Mohd Najib’s account at AmBank Islamic, believed to be from 1MDB.
The mainstream media and the Mohd Najib-linked bloggers (those he once called “bangang” (stupid)) went into feeding frenzy, publishing and broadcasting Badlisyah’s comment.

Badlisyah, the latest victim of Sang Kelembai
He subsequently released a statement admitting that his analysis was wrong and that the views expressed in his Facebook page were strictly his personal opinion.
Whether he was trying to prove his prowess as a banker or he harboured a deeper motive – like attempting to defend the Prime Minister – he paid a heavy for touching the Sang Kelembai.
In a filing with Bursa Malaysia, CIMB Group Holdings Bhd said his resignation as CEO and board member would be effective Aug 15. Earlier, CIMB group chairman Mohd Nazir Abdul Razak – a stern critic of the Prime Minister – had said in an Instagram posting that Badlisyah should not have commented on the documents as it was a technical matter and an internal inquiry had been ordered.
Until today the Prime Minister has not denied the existence of the AmBank Islamic account apart from twitting that he did not use public funds for personal benefit.
PM Give Up Party Leadership
NO, not in Malaysia. I am taking about in Romania, the home of the Dracula and once the domain of dictator Nikolai Nicolae Ceaușescu.
Its Prime Minister, Victor Ponta, had resigned as chairman of the ruling Social Democratic Party amid corruption allegation.
Blood-sucking Dracula
On Monday he was charged with fraud, tax evasion and money laundering dating back to when he was a lawyer and before he became prime minister in 2012.
President Klaus Iohannis called on Ponta to resign as premier but he refused. Ponta wrote on his Facebook page on Sunday that he was quitting the party leadership to prove his innocence. Prosecutors said some of his property has been seized pending the outcome of the case.
Ponta gave up party leadership because he wanted to prove his innocence and also because he is not a Bugis, his party is not Umno and his country is not Malaysia. - http://kadirjasin.blogspot.com/

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