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Can Najib Razak Survive 1MDB Scandal? - Chris Wright
Najib Razak, Malaysia’s Prime Minister since 2009, is facing the greatest challenge of his leadership – and even the risk of criminal charges.
As we reported last week, Najib has been embroiled in the scandal surrounding the state investment fund 1MDB. The fund was already an embarrassment to him – not only has it run up $US11.6 billion in debts and attracted inquiries by four different institutions, from the auditor-general to the police, but Najib himself chairs the fund’s advisory board. But on top of that, last week he was alleged by the Wall Street Journal to have received almost $700 million of transfers from the fund into his personal bank accounts, much of it during an election campaign.
If it is proven that the funds did indeed go into an account bearing his name, it is difficult to see how Najib can survive. But even if it isn’t proven, the allegations have come at a very difficult time for Malaysia’s leader. The UMNO party, which he represents, is in a period of internal turmoil as it recognises that it no longer has an automatic right to expect to win every election, and wonders whether Najib is the right person to lead it in this newly competitive political environment. Malaysia’s economy is struggling, particularly in an era of falling commodity prices; the country is one of the few in Asia to be a net exporter of commodities.
And Malaysia’s elder statesman, Mahathir Mohamad, who led the country for 22 years and was something of a mentor to Najib, has turned against him. He has called for Najib to step down over the fund’s behaviour, and even beforehand was angry with Najib’s leadership. Later this week I will print an interview I conducted with Tun Dr Mahathir earlier this year which talks at length about his thoughts on Najib – which have not been positive for some time.
Worse, on Saturday the attorney general of Malaysia, Abdul Gani Patail, confirmed that he had received documents linking Najib to the investment fund, and is reported to feel there is the potential for them to lead to criminal charges if they turn out to be accurate. Najib himself has referred to the allegations as political sabotage, and has blamed Mahathir for orchestrating them.
Malaysia is a place where reputation matters enormously and where bad press sticks. Even if the attorney general does not feel the evidence is strong enough to prosecute, there is a very strong sense that Najib has been weakened regardless.
Chris Wright is the author of No More Worlds to Conquer, published by HarperCollins.
http://www.wallstreetnational.com/can-najib-razak-survive-1mdb-scandal/
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Discussions
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This man..even his siblings turn against him..one even want to form a new political party to compete against his..what more to say.
2015-07-12 12:43
Posted by Probability > Jul 12, 2015 01:10 AM | Report Abuse
For the above case of yours...a stranger simply accusing cannot be taken as substantial proof..he can be easily paid to lie...
but WSJ...and bank transfer message?? I doubt:(
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You are believing too much & putting too much faith in an international, worse still American, publisher many thousands of miles away ... And you are over-rating the integrity of Americans ...
When their prez and defence secretary claimed that Iraq had WMDs, in 2003, just to justify a US invasion of Iraq, were they telling the truth? ...
2015-07-12 13:14
Posted by DreamHunter > Jul 12, 2015 01:20 PM | Report Abuse X
You are misinterpreting the comments by Nazir Razak, Mr. Specialist ... Just like many other dudes hv done, too ... When Nazir was posting statements criticizing 1mdb, he was only criticizing 1mdb, not the PM ... You need to understand the difference ...
PETRONAS is also under the jurisdiction of PM's Department, whose head is PM ... So, if someone is criticizing PETRONAS, does that mean that he is also criticizing the PM? ...
Nazir forming a new political party? ... Fat chance ... He is a corporate man, zero experience in politics, he won't survive a day in the dog-eat-dog world of politics ... What he is thinking of is initiating an NGO ... kind of for improving integrity & accountability in corporate governance ... This kind of things has in fact already been done in government sector, via the Institute of Integrity, Malaysia, with support from SPRM ... And both these agencies actually happen to hold solid respect for Ah Jib for the things he has done & supported in their respective jurisdictions ...
2015-07-12 13:32
Posted by Probability > Jul 12, 2015 01:24 AM | Report Abuse
there is no reason for WSJ to simply defame ahjib..
i dont think they would gain any benefit by Muhyidin becoming a PM
or by TM's son becoming into power eventually...
i simpky cannot find a motive if its purely accusations.
similarly for altantuya...we can see a motive for killing her by the accused person as there was no clear verdict on the person who mastermind this and the reason?
How can we live in a country with so many unanswered questions...
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Just becos you cannot find a reason, then you say Ah Jib sure guilty ... Just becos some foreign publisher can twist falsehood into juicy sounding story, then you say Ah Jib sure guilty ... Just becos so many unanswered questions, then you say Ah Jib sure guilty ... Like this manyiak susah lah Ah Jib ...
There are so many unanswered questions in so many countries in the world, Mr. Probability ... But only in Malaysia so many people seem to like to blame only one person for all unanswered questions ... Thanks to all the defamation & slander that has been spread unchecked in the blogosphere by the Oppo for so many years ...
2015-07-12 13:44
Come on la, Mr. Probability ... Time for you to grow up FAST & LEARN to SEE things for what they REALLY are ...
TM's dynasty in politics is basically finished ... The Jibby-Zhd-Hisham-KJ hierarchy is becoming stronger & stronger by the day ...
That is partly, or maybe even mainly, the reason for TM's raging against Ah Jib ... He is basically going for broke ... Gambling everything he has got left in the dim hope of rescuing his son's political career ...
2015-07-12 14:00
Oi Dreamhunter, tell your story lar if Najib is not lying, and the media tabloids are lying....where is the 42Billion???? Where is the money in Singapore?? Where did the 2Million come from in Rosmah account. Cannot answer don't talk 3 talk 4. You sound retard talking in rounds
2015-07-12 14:08
Simple question cannot answer you want to go round and round accusing others of lying....
We are listening...don't give answer that ppl hv to wait ok.
2015-07-12 14:10
Posted by Wongfeihung > Jul 12, 2015 02:08 PM | Report Abuse
Oi Dreamhunter, tell your story lar if Najib is not lying, and the media tabloids are lying....where is the 42Billion???? Where is the money in Singapore?? Where did the 2Million come from in Rosmah account. Cannot answer don't talk 3 talk 4. You sound retard talking in rounds
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You are still asking where the 42 bil is? You are even slower than TM. Simply asking stupid questions, just to cast someone in a bad light. That one has been answered already. Do you ever read the newspapers? Now, who is the retard here.
2015-07-12 14:19
Yes I am slow....so where is the 42b??....money in Singapore...turns out talk dak....so you must be stupid or an Umno uneducated fool to still laugh...I will give you one for the road lor
https://www.facebook.com/pages/Justice-For-Najadi-AmBank/1460541000930606
2015-07-12 14:27
It has been said before "You can fool some of the people all of the time,and all of the people some of the time.But never all of the people all of the time".
No point to argue here further,the truth will prevail.
2015-07-12 14:27
Woi, Mr. WongPekKong ... 2 mil in Rosmah's account also big deal ah? Sure from somewhere la, but must necessarily be dirty money ka? Woi, WongPehKong, 2 mil is virtually nothing la, nowadays ...
I, only Mr. Nobody, also got nearly 600k in my account, just from property investment & playing saham, big deal ah ...
So, if Rosmah got 60 mil in account, maybe also from property investment & playing saham, like this big deal ah ...
2015-07-12 14:27
i think this guy must be the baby rosmah dump in garbage bin during her teenage years..
2015-07-12 14:28
Or worst...since 2M is nothing this is why corruption is rampant among UMNO malays
2015-07-12 14:32
That's why die die UMNO goons must hv this crutches....even if lying and corruption is against their religion.
2015-07-12 14:33
how to speak logics to retard DreamH?
the sad thing is the retard can never know they are retard :(
2015-07-12 14:33
That's the way of life for these guys on crutches...they are not for humanitarians, but for their own pocket and for their family. They laugh when their pockets are fill with dirty money and then accuse the Chinese of being so.....lying and cheating is between you and God...after that they go pray for forgiveness...what a wonderful way
2015-07-12 14:35
you had been posting so many wording but without any logics in it...
i seriously could not understand the main point you are trying to say and if there is any logic in your argument..
what does it take you to be convinced that ahjib is not fit to be PM?
Only the highcourt decision?
i wish i could debate long with you to make think differently but im working in office now..dubai...so its difficult...
cant help you further on this. Take care DreamH..
2015-07-12 14:39
but remember...with your style of argument we can also debate on highcourt's decision...
there is really no way to know with 100% certainty on absolute truth (unless you have a time machine and go back and witness the events)
even then you may doubt your own eyes...(may be someone laced chemicals for you to trip!)
There is this thing call 'sound judgement' , likelihood or 'probability'....and thats how we make our daily day to day decision consciously or subconsciously.... so just because there is a small room for uncertainty...don fully exploit it and argue baselessly..
common....U.S had reasons to fabricate reason to attack Iraq...they can be botheres with ahjib...i can go on point by point ...but i wont as much time as you...so i leave it here.
2015-07-12 14:45
Dreamcock, twist and turn like a snake talking cock, what i am asking is suddenly there is a large amount of money come into your account and you do not know where the source is or can't tell, is it call a money laundry?
2015-07-12 14:51
Head of ulama Taliban is dreamhunter the extremist....
Start using foul language just like the hooligans at Masai...this are the Samseng breed at umno
2015-07-12 15:12
If you are the winner in anything you will see all good,,,imagine the agony of loser in 1mdb especially the rakyat with gst.
2015-07-12 15:20
I think hour dreamhunter as long as his pocket good he is happy even the rest of ppl suffer. He hor sound like that sort of person
2015-07-12 15:23
Posted by Probability > Jul 12, 2015 02:33 PM | Report Abuse
how to speak logics to retard DreamH?
the sad thing is the retard can never know they are retard :(
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Wely wely well spoken ... You hv just described someone I know ... Yourself ...
2015-07-12 16:36
Posted by fortunebullz > Jul 12, 2015 04:08 PM | Report Abuse
Coldrisks! What i am saying is that, core voters of Umno will switch to Pas because they see Pas as better alternative that practice corruption free, trustworthy, clean and suit their religious agenda! There is no meat for them in Umno!
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Bollocks ... I come from Kelantan ... I know Kelantan better than you ... Much, much better ... Kelantan will fall next GE ... Fall to BN ...
2015-07-12 16:45
Who in their right minds would want their rambunctious, over-adventurous sons & kid brothers hv their hands sawn off from stealing rambutans in someone's dusun or stealing chickens from someone's reban? ... While unfortunate women who get raped would need four witnesses to verify their unfortunate fate, while the perpetrators get away scott-free ...
Kontuik idiot dikkheads posing as geniuses ... What do they know ...
2015-07-12 16:58
These hooligans and barbarians are paid with your GST money, income tax and EPF money!
2015-07-12 20:07
Posted by SpeedyBoy > Jul 13, 2015 08:58 AM | Report Abuse
Firstclass Bullshitter once again deleted all his postings yesterday. Exactly what Dream Hunter describes him - no confidence and credibility - just crap !
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You mean CartoonBullz ah ... Oh yeah, really hopeless dude, that dude ...
2015-07-13 15:14
Speedyboy! As a newbie you should know that you have limited knowledge and not try to showoff to humble senior like myself! I like to recap another empty vessel like yourself that constantly bug me before!
"Ladies and gentlemen, here we have ahjibincrisis akak Singasong aka Optimus aka Talkcock who will shout berserk when Frontkn show in red but hide like mouse when Frontkn turn green. Empty vessel always like that, don't even dare to recommend what stock to buy but shout loudly when things turn a little bad! Go back to jungle where you belong!
Singasong aka Optimus aka Talkcock! Empty vessel always open mouth with nothing inside his brain! Can't contribute anything beside talking nonsense! Gave you chance to prove your worth! Why am i not surprise!
fortunebull 33.31%
talkcock 0.00%
Take a good look at your result before opening your mouth than trying to talk like expert to senior like me! I dare you Speedyboy for next year pick challenge!
2015-07-13 20:09
Speedyboy! Are you can see, Talkcock or Optimus has completely disappear from i3! In fact almost all my haters in i3 no longer appear in i3! I have outlast all of them probable because most of them have lost big time in stock market! My advise to you is not to challenge me or else you will too disappear soon! I read your post and I can guess that you will not last long in bursa!
2015-07-13 20:17
Fortune...i am seriously wondering what happen to Optimus...
...he cannot 'wakakkaka...' anymore?
2015-07-13 20:25
Probability! He probably lost big time! Most of active haters all gone except Speedyboy, but he will soon join the club!
2015-07-13 20:28
Posted by fortunebullz > Jul 13, 2015 08:28 PM | Report Abuse
Probability! He probably lost big time! Most of active haters all gone except Speedyboy, but he will soon join the club!
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Dude ... You're still wearing my own personalised avatar pic, which you hv stolen from me ... Frekkin copycat ... Bloomin plagiarist ...
Shameless bolloks spouter with not enough faith & confidence in his own original character & personality ... Either that, or perhaps you revere & admire me so much ... Or maybe both ...
No flippin wonder guys don't pay you much serious attention anymore ... You've lost da plot ... Dude
Come on, dude ... Grow up ... And do justice to yourself as a man ... Start learning to be a real man ... Hv some more faith & confidence in your own original character & personality, instead of resorting to stealing & plagiarising someone else's ...
2015-07-15 09:40
Posted by Coldrisks > Jul 6, 2015 01:33 PM | Report Abuse
we have to worry about the consequences and after effect on our economy; not whether he can survive or not!
Posted by fukrai > Jul 6, 2015 02:21 PM | Report Abuse
that's right! the more there is no satisfactory and convinced answer, the more our economy is in danger? now, it should be how can we, the people survive? we are getting more and more impatient now because we are starting to suffer badly already.
Posted by hankc > Jul 7, 2015 12:08 PM | Report Abuse
"Malaysia is a place where reputation matters enormously and where bad press sticks." Tell me which BN politician has no shit on him/her. They still get voted into office and no local press even dares to bring it up. As to the PM himself, he has a blackbelt in bad reputation collection
Posted by sarawakian > Jul 7, 2015 10:14 PM | Report Abuse
"pah"lawan....jijik melihat penafian mu....cuba belajar dari arwah bapakmu yang sangat disanjung and sangat berbudi perketi....sopan and bertanggungjawab memerintah Malaysia ke mercu kesejahteraan...baik ingat u sekali lagi: Malaysia tak hutang sesen pun dekat mu...awak jahanam yang terhutang budi atas negara yg subur kaya dgn ssumber semulajadinya....ciiisssssss...kalau berani mu cuba sue wall street journal la...kan awak pah-lawan? jangan tipu Rakyat lagi lah lu.....baik kau fikiak masak masak....teruk pemerintahan mu ....kalau tak pandai memerintah..baik awak undur aje spertimana yg diusul oleh Tun Mahathir yang mulia. orang tanya ada tak duit masok u punya acct, u tuduh orang sabo you (polical sabotage)...boleh tak you jawab soalan simple...ada ke takde? yes or no? .....jawab pun beating around the bush..kesian....bila nak dapat jawapan dari awak? bila? Rakyat sudi tunggu......
Posted by tommyzai > Jul 7, 2015 03:44 PM | Report Abuse
that cb should just go die
freeze assets of whole clan
kasik spear from arseeee to mouth
"rahman" prediction is true
Posted by Terminator2000 > Jul 7, 2015 11:51 PM | Report Abuse
not easy to remove najib. as long as he keep denied and push it to dr M as his plot to bring the pm down, no matter what evidence u show to the brainless kampong ppls, they still support the PM. not to mentioned all the ministers.
Posted by alibabacoming > Jul 8, 2015 03:25 PM | Report Abuse
Posted by Coldrisks > Jul 6, 2015 01:33 PM | Report Abuse
we have to worry about the consequences and after effect on our economy; not whether he can survive or not!
100% agree! we should united
Posted by alibabacoming > Jul 8, 2015 03:28 PM | Report Abuse
our politician really terrible, all like main masak goreng and never think future.
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Now, after nearly two weeks of slander, defamation & sedition, can we now take any of the above comments seriously? ...
Obviously NOT ... Naaaaaaaahhhhhhh ...
2015-07-15 09:59
And I heard that CartoonBullz is being sought by some dudes ... Over some transgressions of his against a certain law ... Repeated transgressions, too ...
The rumour is getting stronger & stronger now ... He wud better lie low for a while, I reckon ... For his own good ...
2015-07-15 16:19
Hey Dreamcock, you should start celebrating Raya now. Don't talk cock!
2015-07-15 18:01
Posted by Terminator2000 > Jul 7, 2015 11:51 PM | Report Abuse
not easy to remove najib. as long as he keep denied and push it to dr M as his plot to bring the pm down, no matter what evidence u show to the brainless kampong ppls, they still support the PM. not to mentioned all the ministers.
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Terminator thinks he is smart-fart city dude la ah, look down upon kampung people & diss them ... He thinks all kampung people must be real country bumpkins la hor ... Now we know who the brainless one really is ...
I'm also a kampung boy, but I dare challenge Mr. Terminator to any properly refereed contest in mathematics, chemistry, physics or engineering ... Or English language, if he cannot hope to cope with the first three ...
2015-07-15 20:26
So Dreamcock, do you also think that beating up people is 'enjoy life'? or you think that stealing is still right?
2015-07-15 20:27
Who beat up whom first, AndyClucky AndyChickem Andy Chowkia ... Now, don't get me wrong here, I ain't siding with any side ... Stealing is stealing, it's a crime ... But you don't gang up & beat a small, scrawny petty thief up, just to show off who's da boss ..,
You just tie him up or manacle or handcuff him, then you hand him over to da cops ...
2015-07-15 20:38
The fact that, that dude is a drug user just made it the more dangerous ... These kind of dudes could kick da bucket really easily ...
Just a little robust manhandling, and they could be well on their way to meet the grim reaper ... Their heart is not as sturdy & fit like that of a normal man ... It's those drugs in their system ...
Just imagine what could hv happened that day, if he had been beaten up to fatal injury ...
2015-07-15 20:45
It all started when a bunch of brainless zombies after hearing a racist speech from ali babaidom and then went smashing the oppo shop and the oppo boy.
2015-07-15 22:18
Just goes to show, AndyChucky, that folks can be aroused & inflamed so easily, with a few well chosen, well arranged words - regarding which your good flend dsai is an accomplished master - You can call them brainless, idiots, zombies, morons, cretins or whatever ... But that's all just indiscriminate namecalling ...
They're all just regular guys like you & me most of the time ... But when they get all worked up into a frenzy, they just lose all sense of reasoning & reality ...
That's why I get easily irritated by dudes posting defaming, slanderous, flame-fanning, seditious stuff - which are mostly pure bollocks most of the time, anyway - on cyberspace ... Because it can so easily lead to bad, malicious feelings between people ...
2015-07-16 09:36
http://www.themalaysianinsider.com/malaysia/article/daps-tony-pua-barred-from-leaving-country
if TP is blocked from voicing out...
and malaysian public still keep quiet...
I can't imagine how a 'low-life' community they have become...
2015-07-22 19:45
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Probability
http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=549621:like-marcos-najib-should-go-into-exile&Itemid=2#axzz3fe6b2Nlz
2015-07-12 11:57