Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

> Jho Low told the truth on Najib, 1MDB

views
     
TSohman
post May 28 2015, 10:57 AM, updated 9y ago

Regular
******
Senior Member
1,178 posts

Joined: Aug 2014

user posted image

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.
will4848
post May 28 2015, 11:02 AM

UNKNOWN
*******
Senior Member
5,520 posts

Joined: Sep 2010
From: DONT KNOW


a bunch spinster whistling.gif
forsale0122
post May 28 2015, 11:02 AM

New Member
*
Junior Member
36 posts

Joined: Jun 2014


haha...bijan is finished..please be gone now ..
ISawYou
post May 28 2015, 11:03 AM

On my way
****
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..
fnm83
post May 28 2015, 11:04 AM

Getting Started
**
Junior Member
287 posts

Joined: Sep 2010



oso now PR gang up with muhyidin to bring down najib?
soowky
post May 28 2015, 11:06 AM

New Member
*
Junior Member
10 posts

Joined: Jul 2009
From: /kay/
halim! mana halim!? saya mau putar!
H4XF4XTOR
post May 28 2015, 11:07 AM

【ツ】PANDAMON 【ツ】
*******
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.
SUSbudakdegilz
post May 28 2015, 11:12 AM

Regular
******
Senior Member
1,138 posts

Joined: Dec 2006



QUOTE(fnm83 @ May 28 2015, 11:04 AM)
oso now PR gang up with muhyidin to bring down najib?
*
laugh.gif
politics maa...
Asal Bukan Umno Najib
or in shorts ABN

hidup....hidup....
hidup PR....
hancur....hancur
hancur najib




yeelong
post May 28 2015, 11:13 AM

K for /K
******
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.
omaigad
post May 28 2015, 11:16 AM

Getting Started
**
Junior Member
138 posts

Joined: Dec 2011
From: some where out there


Muyidin for PM!!!!
max_cavalera
post May 28 2015, 11:16 AM

rebirth
*******
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
rockstar_
post May 28 2015, 11:21 AM

Casual
***
Junior Member
412 posts

Joined: Nov 2008
From: Cyberjaya, Selangor

ehud olmert pun kena jail. power la najib. najib > israel
yeelong
post May 28 2015, 11:33 AM

K for /K
******
Senior Member
1,218 posts

Joined: Jul 2007
From: Sibu, Cheras Selangor



QUOTE(najeebrazack @ May 28 2015, 11:28 AM)
hahahahahahahahahaa

you really think the 47% will jump?

hahahahahahahahahahaha
*
5% jump can shift the political landscape.
unknown warrior
post May 28 2015, 11:35 AM

/k/ Legend
*******
Senior Member
6,240 posts

Joined: Jul 2005
PR waiting to take over.

UMNO is done and finished.
0168257061
post May 28 2015, 11:37 AM

EimiFukada
********
All Stars
14,240 posts

Joined: Jul 2007
From: JAVABUS


MooHeeDing for PM !!!
ZeroSOFInfinity
post May 28 2015, 11:37 AM

Look at all my stars!!
*******
Senior Member
3,698 posts

Joined: Oct 2005



QUOTE(fnm83 @ May 28 2015, 11:04 AM)
oso now PR gang up with muhyidin to bring down najib?
*
"The enemy of my enemy is my friend" whistling.gif
ah_suknat
post May 28 2015, 11:37 AM

whoooooooooooooop
*******
Senior Member
5,170 posts

Joined: Jul 2006
From: /k//k/, /k/undasang



buat apa jadi pm
SUSSoft Rice King
post May 28 2015, 11:37 AM

Getting Started
**
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....
[F]atalit[Y]
post May 28 2015, 11:40 AM

Casual
***
Junior Member
312 posts

Joined: Jan 2010
This country needs cleansing
patnam
post May 28 2015, 11:40 AM

Getting Started
**
Junior Member
178 posts

Joined: Aug 2006


looks like Najib going to be like Mubarak version...?!

2 Pages  1 2 >
Bump Topic Add ReplyOptions New Topic
 

Change to:
| Lo-Fi Version
0.0135sec    0.17    5 queries    GZIP Disabled
Time is now: 28th March 2024 - 09:53 PM