Loyal Followers

Wednesday, May 27, 2015

In the PAC We Trust



That 1MDB is a crumbling house of cards is a given.

Everyday a fresh new expose would be splashed all over the internet. Of course these revelations – of the cringing kind – would not even get a second’s mention on TV3 or a line in our traditional media, but every Ahmad, his Proton and his cat, would know about them. They would discuss them. And get angry because of them.

There is a feeling of mass betrayal permeating the city. But life goes on for some.

Yesterday, no less than Bank Negara’s Governor, Tan Sri Zeti revealed that Bank Negara had received a report from the Singapore Monetary Authority about an account connected to 1Malaysia Development Bhd (1MDB) in BSI Bank Ltd in the republic. She of course declined to reveal the nature of the report saying that the international community would not co-operate with us if we release such information that are extended to us.

Well, I wouldn’t want to argue with that save for saying we could always ask the provider of the information whether it would be alright if we release such information on the ground of public and national interest.

However, if we tie up that news with the recent allegation that certain banking documents have been found lacking in accuracy – I am being kind here – we could than make our own guess as to the nature of the report by the Singaporean Monetary Authority.

Over the past two days, the proceedings by the Public Account Committee are much anticipated. It is thus disappointing to note that 1MDB current CEO has chosen to attend a meeting instead of attending the PAC hearing.

Apparently he said he “looked forward” to defending 1MDB before the PAC. However his action in preferring to attend a meeting abroad instead of attending the PAC meeting to defend 1MDB is contrary to him “looking forward” to doing so. I mean, if someone had been looking forward to doing something, wouldn’t he or she want to do that thing as soon as possible rather than postponing it?

The urgency of the PAC hearing can never be overly stressed. Any postponement, no matter how short, of the PAC proceedings may give rise to events or acts which may hamper a full investigation by the PAC. Documents can be lost. Data can be erased. Witnesses can be influenced or could forget, conveniently or otherwise, their testimonies. Loss of memory, momentary or otherwise, may suddenly infect them. 

The PAC is probably our last collective hope for some kind of truth regarding everything that has been happening in 1MDB. Looking at the powers that the PAC has – as well as the composition of the PAC, where a mixture of Barisan Nasional MPs and Pakatan Rakyat MPs could be found – it is only to be expected that the common people have high expectation of the PAC grilling all those who are connected with 1MDB to find out the truth.

The PAC is a creature of the Parliament, being one of the Select Committees established pursuant to nothing less than the Standing Orders of the Dewan Rakyat. Rule 77 (1) of the Standing Orders expressly creates the PAC, whose functions, among others are to examine such accounts of public authorities and other bodies administering public funds as may be laid before the House and the prepare a report on such examination.

It is also given the power to “send for persons, papers and records, and to report from time to time”. Meaning it can summon and subpoena any person it deems necessary to appear before it for the purpose of such examination it is carrying out.

Standing Order 80A expressly gives the power to the Parliament to enquire into “any acts, matters or things as are made punishable as contempt under the Houses of Parliament (Privileges and Powers) Ordinance 1952, any acts or omission by any party.”

And in section 9 (a) of the aforesaid Ordinance, one of the act which constitutes contempt of the Parliament and is therefore punishable is “disobedience to any order for attendance or for production of papers, books, records, or documents made by the House or any committee duly authorized in that behalf, unless the attendance or production be excused as provided in section 19”.

Quite clearly, the PAC is equipped with the requisite powers to perform its functions and duties under the Standing Orders and the Constitution.

The PAC must remember that it may be the only viable hope to uncover the truth behind all that have been said about 1MDB.

All other investigative authorities have been infected with a sudden and complete paralysis when it comes to investigating 1MDB. In fact the police force, the MACC and Bank Negara have so far been in a coma of sorts. Quite why, we could only hazard a guess.

Being so, the PAC may be our last hope. The last hope of the people to know the truth. And probably even the last hope of 1MDB, its Board of Directors and its advisors and consultants to defend themselves.

Thus it comes as a great disappointment that the CEO’s absence has not been dealt with in a more forceful way. Nevertheless, we bow to the collective wisdom of the PAC in granting the CEO the postponement that the CEO sought.


We can just hope that the PAC would act in the best interest of the nation, without fear or favour. And I am sure YB Nurjazlan and the members of the PAC would be up to the task.

7 comments:

Anonymous said...

Art

I noticed the BNM Governor did not mention when BNM received those reports. It would certainly be of interest and relevant that the fact is made known. Maybe not to mere common person like me but certainly to the PAC.

IBU PUSPITA said...

Saya ingin berbagi cerita kepada anda bahwa saya ini IBU PUSPITA seorang TKI dari malaysia dan secara tidak sengaja saya buka internet dan saya melihat komentar ibu hayati yg dari honkong tentan MBAH KABOIREN yg telah membantu dia menjadi sukses dan akhirnya juga saya mencoba menghubungi beliau dan alhamdulillah beliau mau membantu saya untuk memberikan nomor toto 6D dan alhamdulillah itu betul-betul terbukti tembus,kini saya sangat berterimakasih banyak kepada MBAH KABOIRENG dan jika anda ingin seperti saya silahkan hubungi MBAH KABOIRENG di 085-260-482-111,saya juga tidak lupa mengucap syukur kepada ALLAH karna melalui MBAH KABOIRENG saya juga sudah bisa sesukses ini dan jangan mudah percaya kepada MBAH yg lain selain MBAH KABOIRENG karna saya juga pernah mengalami yg namanya dibohongin sama para normal yg lain,ini bukan rekayasa dari saya melainkan ini kisah nyata dari seorang TKI,jangan ada percaya klau ada yg memakai pesan ini klau bukan atas nama saya krna itu cuma bohan dan ini resmi saya yg menulis.Untuk yg punya rum erimakasih atas tumpangannya. KLIK _ GHOB _ 2D 3D _ 4D _ 6D _ DISINI












Saya ingin berbagi cerita kepada anda bahwa saya ini IBU PUSPITA seorang TKI dari malaysia dan secara tidak sengaja saya buka internet dan saya melihat komentar ibu hayati yg dari honkong tentan MBAH KABOIREN yg telah membantu dia menjadi sukses dan akhirnya juga saya mencoba menghubungi beliau dan alhamdulillah beliau mau membantu saya untuk memberikan nomor toto 6D dan alhamdulillah itu betul-betul terbukti tembus,kini saya sangat berterimakasih banyak kepada MBAH KABOIRENG dan jika anda ingin seperti saya silahkan hubungi MBAH KABOIRENG di 085-260-482-111,saya juga tidak lupa mengucap syukur kepada ALLAH karna melalui MBAH KABOIRENG saya juga sudah bisa sesukses ini dan jangan mudah percaya kepada MBAH yg lain selain MBAH KABOIRENG karna saya juga pernah mengalami yg namanya dibohongin sama para normal yg lain,ini bukan rekayasa dari saya melainkan ini kisah nyata dari seorang TKI,janan ada percaya klau ada yg memakai pesan ini klau bukan atas nama saya krna itu cuma bohon dan ini resmi saya yg menulis.Untuk yg punya rum erimakasih atas tumpangannya. KLIK _ GHOB _ 2D 3D _ 4D _ 6D _ DISINI

Najib Bebal said...

Kerajaan UMNO terlalu korup MT dan yang lain selama ini.
42 billion ini siapa yang kaya?
18 billion untuk IPP tunai buat Ananda Krishnan dan lain1 kaya

Pinjam duit dari Ah Long cuma dapat 60%.

Najib ni bebal..bebenor..

Akaun Jho LO 1MDB yang bagi said...

Hanadfiah Husni kata 1MDB tiada kaitan dengan Red Star.
Hai ingat kita tak baca email Hasrol CEO 1MDB?

Hasrol yang bagi no akaun Red Star kepada bank.

Kalau CEO Petro Saudi yang bagi no akaun Jho Lo baru lah itu tak ada kaitan.

Nak tipu apa Husni? Emel tu salah ke? Samanlah kalau salah..

Bagaimana Ananda Krishan rompak 8 billion duit rakyat said...

Reezal Merican - Indian ARB
Arul Kekanda - Indian 1MDB
Ananda Krishnan - Indian beneficiary 8 billion
Azeeez Rahim - Indian Tabung Haji
Irwan srigar - Indian MOF
The History of 1MDB started when Abdullah Badawi was ousted and Najib Razak
grab his position. The UMNO Presidency is a coveted post where money falls from trees..
Chinese companies tripped over themselves to appoint UMNO Presidents sons, brothers, fathers, daughters, father in laws. son in laws etc..as their company directors.
And so it was Najib team of hangers on, brothers and companies quickly put into
motion.
To get cash you must borrow. And to make billons you must borrow big from the source of money...banks..local and international.

Najib tried using the Trengganu angle with the chinese boy Jho Low pretending to
be connected to the King of Saudi Arabia. If you want to lie, lie big according to this chinese boy published philosophy and bluster with grand themes to confuse the
unsuspecting UMNO members or the Malays.
Why the King of the centre of Islam would be the good aquaintance of a chinese boy from Malaysia should be the first warning bell.
1MDB was done quietly until even Muhyidin or the cabinet dont know what they are up to?
Was there a cabinet paper to nationalise all the IPP belonging to Powertek , Jimah and others?
Did the cabinet knows that it was going to cost the country 25 billion to get the loans to pay off Ananda Krishnan and gang. Btw Ananda is accused of bribery in India and unwanted in indonesia.
Only UMNO Presidents love him. There was rumours a Yacht in Perth belongs to the last UMNO President who shall be nameless.

First the KSN was Indian, Ali hamsa who promptly appointed fellow Indian Irwan Srigar into MOF, appointed other friendly indians into CEO and Charimanship of Malay trust funds and banks.

Thus the billion ringgit robbery by Ananda Krishnan is well plan. His IPP Powertek is not worth 13 billion for the cash that UMNO govt has to cough up.
The income from the power station cannot pay off even the interest.

But how do you get international banks to give billion ringgit loans to 1MDB which is only capitalised with 1 million ringgit?
Why sell the Malaysian Govenrment name of course and this is abetted by Goldman Sach, Tim Leiners who are personal friends of Najib and
Rosmah.

Picture of Rosmah and his celebrity wife was on Sarawak Post.

So that is the real story behind the billions stolen by Ananda Krishnan through 1MDB. That is why Jho Low complained why is the focus on him
with his miserly 3 billion when they paid others billions? This must refers to the other 39 billions..given out by 1MDB directors and CEO.
The others robbery immediately done by Najib and cronies are the RM2 Synergy merger.
The 2RM SapuraKencana 5 billion merger.
FGV billion listing
MAS AirAsia lmerger
These St Johns boys are just flipping oil and gas and plantation belonging to the Malays for the commission.

Thank you Ahmad Husni! said...

Slowly the facts are coming out. There was Cabinet approval for RM5 billion loan by Ambank. But there was no Cabinet approval for the 36 billion loan by 1MDB.
As a privately setup company with only 1 million paid up capital, 1MDB should be responsible for 1M only if sued.

The cabinet Ministers could not be expected to shoulder responsiblity when they were not part of the decision making in the RM3 billion commission to Goldman Sachs or 25 billion the buying back UMNO owned licenses from Indian Ananda Krishnan and China man gambling co Genting.

Why the 1MDB directors choose to pay 18 billion cash to Ananda KRishnan, Goh Tong is because someone gain some profit somewhere.

The logical and rational way is to nationalised the IPPs through the least costs and not paying cash to ananda 8.5 billions plus debt 6 billion.

IF these transactions are not approved by the Cabinet then the Malaysian Government cannot be hold to ransom as guarantors.

If these are illegally done with fraud intention then these buyout MUST be cancelled. The 42 billions are still in the country in Ananda Krishnan and Genting account. As Najib and Ahmad Husni said the 42 billlions are still there!

These can be frozen. Ananda Krishnan should be queried why he agreed to sell.

Even the money to Gold man Sachs can be frozen if elements of profiteering and fraud exists.

WE CAN GET OUR 42 BILLION BACK.

Get it from Ananda KRishnan, Genting, Ambank, Goldman Sachs...etc..

1MDB satu Jenayah Terancang said...

Tidak ada gunanya kalau kita cuba menganalisa 1MDB sebagai sebuah entiti perniagaan.
Ini kerana niat dan nawaitu 1MDB ditubuhkan oleh Najib dan perencananya adalah untuk
mencuri duit sebanyak mungkin.

Ahmad Husni begitu bersahaja memberi penjelasan yang tipikal dari seorang penjenayah
kulit putih. Memberi contoh CSR berapa ratus juta sebagai kebaikan 1MDB sedangkan
duit CSR pun duit curi dari Tabung Haji atau pinjaman..muahaha..mana ada untung?

Alasan alasan ekonomi adalah digubal sebegitu rupa seperti satu Sting sehingga orang
ramai tertipu dan menjadi konfius sedangkan pada hakikatnya 8.5 billion tunai jatuh ke tangan
Ananda Krishnan. 2.3 bilion jatuh ketangan Tokey Judi Genting, 1.4 billion jatuh ke tangan Cina P Pinang beli tanah, 5 billion kepada Ambank dan Goldman Sachs.

Perkasa atau Majalies Ekonomi Melayu sepatutnya menyaman untuk membatalkan pembelian IPP kerana ianya menguntungkan bukan Melayu. Satu tindakan oleh Presiden UMNO yang merupakan pengkhianatan kepada
ahli UMNO dan orang Melayu.

Pencurian 770 juta duit Tabung Haji untuk membayar pembelian ini adalah satu lagi perbuatan jenayah
yang tidak boleh dimaafkan.

700 JUTA nombor keramat Najib Razak.
SEbaik saja dapat menjadi Presiden UMNO, Najib arah Felda beli Naza TTDI 700 juta.
E&O beli syarikat 700 juta.
TAbung Haji beli tanah Melayu dari 1MDB 770 juta.
Minggu lepas FGV beli tanah di Indonesia 700 juta.
Senang kira... Sikit lagi nak sampai 1000 juta, satu bilion nanti nampak banyak sangat.
1MDB curi duit orang Melayu di Tabung Haji untuk bayar 25 billion IPP dari Hindu Anada, Cina Genting beli tanah 1.4 billion dari Cina P. Pinang.

1MDB adalah jenayah terancang. Tidak ada izin untuk kewujudan 1MDB.

Semua yang terlibat mesti dipenjarakan, macam Yin Luck di Thailand atau Morsi,
tiada yang lepas dari undang undang.

Mereka yang perlu dipenjarakan.
Najib
Nazir
Ahmad husni
Irwan Srigar
Arul Kanda
Shahrol
Ananda
Goh Tong
Wak Lodin
Semua pengarah dan CIO 1MDB.
Jamil Khir
Azeez Rahim
Siapa yang curi duit Melayu dan Tanah Melayu.