RM7bil to bail out 1MDB, CEO Arul Kanda utterly dishonest & untrustworthy said Finance Minister

https://youtu.be/Joi3euZ6DIU

https://youtu.be/_drCqrquWPM

PUTRAJAYA: On top of paying RM6.98bil to bail out 1Malaysia Development Bhd (1MDB), the Government is now facing the prospect of forking out an additional RM953mil to service the company’s debts by November.

“I have been informed that besides the RM142.75mil due at the end of this month, another RM810.21mil worth of interest is due between the months of September and November in 2018,” Finance Minister Lim Guan Eng told reporters after being briefed by ministry officers.

Lim, who was shocked at the revelation, added that the ministry had been bailing out 1MDB by servicing its debts since April 2017, which included payments for International Petroleum Investment Corp’s (IPIC) settlement agreement amounting to RM5.05bil.

“This confirms the public suspicion that 1MDB had essentially deceived Malaysians by claiming that hit had paid via ‘successful rationalisation exercise’.

“It has been the ministry that has bailed out 1MDB,” he said.

He also said the previous government had conducted an exercise of deception with regard to 1MDB and even misrepresented the financial situation to Parliament.

Lim said 1MDB’s chief executive officer Arul Kanda Kandasamy, and directors Datuk Kamal Mohd Ali and Datuk Norazman Ayob will be grilled to determine the company’s state of affairs and its ability to service its debts.

He said officers from the ministry would conduct a detailed study on 1MDB’s debts and liabilities aimed at resolving the “crisis created by the scandal”.

“We will also submit our findings to the 1MDB task force formed by the Prime Minister,” Lim said.

Asked what was the full extent of 1MDB’s debts and liabilities, Lim said this would only be known with full access to files and accounts which had been previously barred or blocked to auditors.

He added 1MDB had contributed to the nation’s debts. - The Star

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New MACC chief breaks down in recounting what he went through (full story)

https://youtu.be/ZKoNfVcq5EQ

PUTRAJAYA: Newly appointed Malaysian Anti-Corruption Commission (MACC) chief commissioner Datuk Seri Mohd Shukri Abdull broke down when he recounted his time running away from Malaysian authorities to the United States.

This came in 2015 after his former boss Tan Sri Abu Kassim Mohamed at the MACC decided to indict former prime minister Datuk Seri Najib Tun Razak over the RM2.6bil that was found in his personal bank account.

Shukri said that the commission had well-founded basis to initiate an investigation into SRC International, a subsidiary of 1Malaysia Development Berhad (1MDB), which had been accused of transferring millions of ringgit into Najib’s private account.

According to Shukri, Abu Kassim asked him whether he was ready for the consequences of indicting a sitting prime minister, which could have led to their dismissal.


“I said ‘no problem’, because I was willing to do it for the country,” Shukri told a press conference at the MACC headquarters here on Tuesday.

However, on the day in July 2015 when Abu Kassim was going to do indict Najib, former Attorney-General Gani Patail was removed from his position.

The announcement came along with the reshuffling of the Cabinet that also saw the sacking of the Deputy Prime Minister Tan Sri Muhyiddin Yassin and Rural and Regional Development Minister Datuk Seri Mohd Shafie Apdal, who had also raised questions about 1MDB.

With all these sackings foremost in his mind, Shukri left for Washington on July 31, 2015, to bring up the 1MDB issue with US authorities.

Wary, he released misleading information that he was headed to Saudi Arabia, and he heard that people were waiting to arrest him in Jeddah.

Shukri said that before he left for Washington, he faced tremendous pressure.

“The witnesses I interviewed had been taken away.

“I was threatened to be fired, was told to retire early and was even threatened to be sent to the training division,” he said.

The trip to Washington had its own drama.

“I noticed someone was following me (in Washington). My team in the United States took pictures of the man who was following me.

“I sent the pictures to MACC deputy chief commissioner (operations) Datuk Azam Baki, and asked him to send it to the then Inspector-General Police,” he said, adding that he made it clear that he knew that men were following him.

Shukri said he felt unsafe in Washington and decided to go to New York, where he met up with a friend who worked in the New York Police Department (NYPD).

“I got protection from the NYPD and they provided me with three bodyguards,” he said.

Shukri said he then returned to Washington.

It was in recounting this episode during his Tuesday press conference that Shukri broke down in tears, saying he felt guilty when he was told that his men who were working for him had been incarcerated.

“I felt helpless and was frustrated for failing to protect my men.

“I cried in front of the mat salleh (Caucasians). My men and I had been accused of conspiring to topple the (Barisan Nasional) government,” he said.

Shukri finally retired in August 2016 at the age of 56. During his farewell speech, he hit out at an "individual" who had alleged that he was involved in a conspiracy to topple Najib and his administration.

Abu Kassim, who was appointed MACC chief in 2010, was also replaced by Tan Sri Dzulkifli Ahmad in 2016.

Shukri served at the anti-graft body for 32 years before he retired. He first joined the then Anti-Corruption Agency in 1984 as investigations officer after graduating from Universiti Kebangsaan Malay­sia.

He rose up the ranks and served as ACA director in Perlis, Kelantan and Sabah.

Upon his return to the headquarters in July 2006, he was promoted to the post of assistant investigations director and two months later, was promoted yet again to be the director of investigations.

In 2010, he took on the position of MACC deputy chief commissioner (operations), which he held till his retirement.

Pakatan Harapan appointed Shukri to head the MACC when it took over Putrajaya after GE14.

He clocked in for work at 10.29am on Monday (May 21), having received his appointment letter just about an hour before reporting for duty.

This story was amended to correct some dates. By ashley tang The Star

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Huge landslide in Tg Bungah hill

Disaster zone: An aerial view of the recent landslide in Tanjung Bungah, Penang.

An aerial view of the brown water flowing into the sea from Sungai Kelian.

GEORGE TOWN: Nobody knew a natural disaster was waiting to happen until Sungai Kelian in Tanjung Bungah turned brown and silty.

The sudden profusion of laterite mud flowing out to sea was caused by a landslide even bigger than the one that killed 11 people at a Tanjung Bungah construction site last year.

But it was so far uphill – 231m above sea level – that Penang Island City Council (MBPP) had to use a drone to find it.

As it was a natural landslide, residents are now worried about the fragility of slopes in the Tanjung Bungah hill range and want tighter scrutiny on the many development projects slated for their neighbourhood all the way to Batu Ferringhi.


MBPP issued a statement on Sunday after discovering the landslide on Bukit Batu Ferringhi, in the forest reserve about 1.5km uphill of a disused Penang Water Supply Corporation (PBAPP) intake station.

PBAPP chief executive officer Datuk Jaseni Maidinsa clarified that the station had not been in use since 1999, after the Teluk Bahang Dam was completed.

An MBPP engineer said the landslide was about 40m long and 20m wide, but geo-technical experts were unable to reach the site to determine what happened because there are no jungle trails to reach it.

A group called Nelayan Tanjung Tokong shared a video on Facebook last Thursday, showing the russet brown water flowing into the sea from Sungai Kelian and expressed concern.

Tanjung Bungah Residents Asso­ciation chairman Meenakshi Ra­­man said it was worrying because the landslide happened without any human disturbance.

“It shows the hills in the vicinity are ecologically fragile, and we don’t want any untoward incidents to happen again.

“We hope the authorities will tell us what is being done to prevent further landslides,” she said yesterday.

Former Tanjung Bungah assemblyman Teh Yee Cheu said he knew the area well and believed that the landslide took place near the source of Sungai Kelian.

“I have always stressed on how sensitive the hill slopes here are. There are many underground springs in the hills,” he said.

State Works, Utilities and Flood Mitigation Committee chairman Zairil Khir Johari said the landslide happened in the middle of a forest reserve and experts need time to study the slope to understand how it gave way.

He gave an assurance that the mud washing down the river would clear up in due course without long-term damage.

Zairil also stressed that no deve­lopment had been approved near the landslide area.

“The state government’s guidelines on hill slope development are tighter than those used by the Federal Government. We will not approve developments without pro­per compliance,” he added.

Penang Drainage and Irrigation Department director Mohd Azmin Hussin said that it would be difficult to transport machinery to the source of the landslide for mitigation works.

“There are no access roads and the team will have to hike to the site,” he said. - The Star

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