Jho Low told the truth on Najib, 1MDB
Jho Low told the truth on Najib, 1MDB
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May 28 2015, 10:57 AM, updated 9y ago
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#1
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1,178 posts Joined: Aug 2014 |
KUALA LUMPUR: The Opposition has demanded that Prime Minister Najib Abdul Razak recuse himself immediately from any further involvement with the 1MDB investigations and decision-making in the Company. Instead, it wants Deputy Prime Minister Muhyiddin Yassin to be given full authority immediately over the direction of investigation of 1MDB. In addition, the Opposition wants the Auditor-General to report directly to the Public Accounts Committee (PAC) over its findings, entirely bypassing Najib to avoid any “potential conflict of interest”. Finally, all major investments, restructuring and business decisions of 1MDB henceforth, must be approved directly by the Cabinet, and not the Prime Minister alone, as dictated in the company’s Memorandum & Articles of Association (M&A). “Where necessary, the M&A must be immediately amended to ensure that a proper set of corporate governance with the necessary check and balance is adopted by 1MDB,” said Petaling Jaya Utara MP Tony Pua. “Unfortunately, Jho Low told the truth that the Prime Minister was responsible for the RM42 billion 1MDB scandal.” He recalled what Jho Low had told several media not so long ago: “Are you telling me the Prime Minister doesn’t make his own decisions? That the Ministry, the Finance Minister, who is the Prime Minister – and there are only two to three people in the Finance Ministry that sign off on shareholder resolutions under law – that none of them… that they just signed without evaluating it?” Pua, who is also DAP National Publicity Secretary, was commenting on the discovery that under 1MDB’s M&A, all the responsibility over the colossal RM42 billion of debt and billions of ringgit of losses and missing cash falls directly and entirely on the shoulders of the Prime Minister. “He not only signed off all decisions, he was involved every step of the way,” said Pua. “Najib was directly implicated in the transactions which took place in 1MDB.” “He must immediately stop participating in all on-going and future investment, restructuring and business decisions of the company until all investigations were completed.” He argued that this would prevent any attempt by the Prime Minister to affect any transactions to cover up any incriminating misdeeds which took place in the past. “If the Prime Minister were to continue his involvement in the investigations as well as 1MDB’s business decisions, the integrity and trustworthiness of any reports produced will be questioned and the public interest in the matter will be severely jeopardized.” The discovery of 1MDB’s M&A dated 11 August 2009 exposed Clause 117 which placed absolute powers over the company’s decisions in the hands of the Prime Minister. Clause 117 dictates that the Prime Minister must give his “written approval” for any of 1MDB’s deals, including the firm’s investments or any bid for restructuring. This includes “any financial commitment (including investment), restructuring or any other matter which is likely to affect the guarantee given by the Federal Government of Malaysia for the benefit of the company, national interest, national security or any policy of the Federal Government of Malaysia”. Other matters which need the Prime Minister’s written approval are amendments to the company’s M&A as well as all appointments and removal of directors and senior management team of 1MDB. |
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May 28 2015, 11:02 AM
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#2
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Senior Member
5,520 posts Joined: Sep 2010 From: DONT KNOW |
a bunch spinster
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May 28 2015, 11:02 AM
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#3
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Junior Member
36 posts Joined: Jun 2014 |
haha...bijan is finished..please be gone now ..
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May 28 2015, 11:03 AM
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#4
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Senior Member
531 posts Joined: Oct 2011 From: Tawau -> Menumbok, Sabah(Land Below The Wind) |
Roda Impian. Putar, putar, putar lagi.. 5 juta 5 juta 5 billion..
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May 28 2015, 11:04 AM
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#5
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Junior Member
287 posts Joined: Sep 2010 |
oso now PR gang up with muhyidin to bring down najib?
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May 28 2015, 11:06 AM
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#6
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Junior Member
10 posts Joined: Jul 2009 From: /kay/ |
halim! mana halim!? saya mau putar!
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May 28 2015, 11:07 AM
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#7
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Senior Member
3,075 posts Joined: May 2011 From: ▁ ▂ ▃ ▄ ▅ ▆ █ 100 % |
funny he insist on holding the title as Leader. if japan sure resign on his own accord.
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May 28 2015, 11:12 AM
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#8
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Senior Member
1,138 posts Joined: Dec 2006 |
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May 28 2015, 11:13 AM
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#9
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Senior Member
1,218 posts Joined: Jul 2007 From: Sibu, Cheras Selangor |
It's very obvious, jibby's fingerprints are all over the 1MDB. Tun M is right, the more he dragging it, the more shits will came out and eventually will hit the fan. Umno is done. 47% is watching now. at least those who are living in Semenanjung.
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May 28 2015, 11:16 AM
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Junior Member
138 posts Joined: Dec 2011 From: some where out there |
Muyidin for PM!!!!
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May 28 2015, 11:16 AM
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Senior Member
5,406 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh |
Please suspend jibby bijan position now from any involvement in 1mdb...pls also suspend him from pm position while investigation takes place
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May 28 2015, 11:21 AM
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Junior Member
412 posts Joined: Nov 2008 From: Cyberjaya, Selangor |
ehud olmert pun kena jail. power la najib. najib > israel
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May 28 2015, 11:33 AM
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Senior Member
1,218 posts Joined: Jul 2007 From: Sibu, Cheras Selangor |
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May 28 2015, 11:35 AM
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Senior Member
6,240 posts Joined: Jul 2005 |
PR waiting to take over.
UMNO is done and finished. |
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May 28 2015, 11:37 AM
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All Stars
14,240 posts Joined: Jul 2007 From: JAVABUS |
MooHeeDing for PM !!!
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May 28 2015, 11:37 AM
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Senior Member
3,698 posts Joined: Oct 2005 |
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May 28 2015, 11:37 AM
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Senior Member
5,170 posts Joined: Jul 2006 From: /k//k/, /k/undasang |
buat apa jadi pm
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May 28 2015, 11:37 AM
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Junior Member
69 posts Joined: Apr 2015 |
Opposition so smark..know myudin is Mamatir ppl....so use this tactic called, in cantonese, pinjam pisau bunuh orang....
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May 28 2015, 11:40 AM
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Junior Member
312 posts Joined: Jan 2010 |
This country needs cleansing
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May 28 2015, 11:40 AM
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Junior Member
178 posts Joined: Aug 2006 |
looks like Najib going to be like Mubarak version...?!
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