MCMC has become a tool for selective persecution. Look at your conscience if you have any. Why do you get worked up over the airing? Isnt there truth in it? Or you prefer to hide the truth?
Al Jazeera’s reporting is exposing some deep secrets that embarrassed Governments in Asia and Middle East. No wonder some want to close down the network, as part of the deal to remove the blockage on Qatar.
The MCMC must explain what was the indecent content in the programme. I watched it more than once and it had nothing indecent in it. Who was harassed by the programme? Instead the journalist concerned was harassed and deported from the country. Why is action being taken after 5 years? So if the PH government remained in power, no action would be taken? The MCMC should stay above politics and stop protecting individual politicians. After 63 years of Independence, I find it shocking that the government must still control what we see, read, write and speak. So how are we better than other autocratic states in the world?
You keep on digging a bigger hole with your detail explanation. Why 4 years and now 5 years to take action on the Murder most foul video? Every item read running off the Al Jazeera racism story just keeps on enhancing a bunch of incompetent people either in the public service or as politicians. Most of the players in this increasing farcical comedy now were also scene stealing all the comedy highlights in BN days.
There’s no point trying to silence a reputable news media, just send one the politicians or the AG to accept an interview with them and clarify his accusations in an open and healthy way...
Is it really to save astro from being prosecuted in court or is it really to safeguard the government/police force from being exposed in court? Then evidence supporting the case for murder will most likely come to the surface as evidence. That, I think is the dirty underwear the government/police does not want the world to see.
KUALA LUMPUR/NEW YORK (Reuters) - Goldman Sachs will pay $3.9 billion to settle Malaysia’s criminal probe over the U.S. investment bank’s role in the multibillion-dollar 1MDB scandal, closing a key front in the multi-jurisdictional investigation that has hung over Goldman.
Goldman Sachs shares rose 0.68% in New York morning trading on the Malaysia news and signals the U.S. Department of Justice could be near closing a similar probe.
A spokesman for the Justice Department declined to comment.
“We view this as positive as GS is closer to removing a key overhang for investors, and this provides added comfort that the total settlement amount should be manageable,” wrote Steven Chubak, an analyst at New York-based Wolfe Research.
“We still do not know how this will impact negotiations with the US regulators, but we expect some relief to be extended to Goldman given DOJ guidance to avoid ‘piling on’,” Chubak wrote.
The deal includes a $2.5 billion cash payout by Goldman and its guarantee to return at least $1.4 billion in proceeds from assets linked to sovereign wealth fund 1Malaysia Development Bhd (1MDB), the two sides said.
In return, Malaysia will drop all criminal charges against the bank, which had pleaded not guilty and consistently denied wrongdoing.
“We are pleased to have reached an agreement in principle with the Government of Malaysia to resolve outstanding charges and claims against Goldman Sachs,” the bank said in a statement. “Today’s settlement is an important step towards putting the 1MDB matter behind us.”
Malaysian and U.S. authorities estimate $4.5 billion was stolen from 1MDB in an elaborate scheme that spanned the globe and implicated high-level officials in the fund, former Malaysian Prime Minister Najib Razak, Goldman staff and others.
Goldman had socked away around $3 billion in reserves for legal matters, more than covering the settlement with Malaysia.
It remained unclear whether the bank has put aside enough cash to cover a potential settlement with the Justice Department, which is reportedly looking at whether the bank violated the U.S. Foreign Corrupt Practices Act. The FCPA bars U.S. companies from paying foreign government officials for help in getting or keeping business.
In recent years, the Justice Department has pledged to take into account parallel settlements when calculating corporate penalties. A source told Reuters in December that Goldman was in talks with the U.S. government and a state regulator to possibly pay up to $2 billion to resolve the investigation.
“If past major foreign corrupt practice cases are a good indicator (which we think they are), the DOJ settlement could wipe out most of the great second quarter they just put up,” wrote Evercore ISI analyst Glenn Schorr on Friday.
MALAYSIA VICTORY The settlement is the biggest Malaysia has reached so far in its efforts to recover funds allegedly stolen from 1MDB, and is a big victory for the four-month old administration of Malaysian Prime Minister Muhyiddin Yassin.
“We are confident that we are securing more money from Goldman Sachs compared to previous attempts, which were far below expectations,” Finance Minister Tengku Zafrul Aziz said in a statement.
U.S. prosecutors said the money was used to buy artwork, including paintings by Vincent Van Gogh and Claude Monet, luxury properties and to fund the “Wolf of Wall Street” movie.
Goldman helped the fund raise $6.5 billion in two bond offerings, earning itself $600 million in fees, according to the U.S. Justice Department.
It would be illuminating to have a forensic accounting of the total sum to be ultimately borne by Malaysian taxpayers in the 1MDB saga.
As it is, big numbers are thrown around; this much may be stolen and that much (to be) recovered, but what debts still remain, even after the most optimistic recovery scenario?
You can get investment bank Goldman Sachs to settle, for they have a valuable business to protect, but for the individuals involved, you will have to catch them first or else the loot will be frittered away.
Not much hope resides there, given that certain powerful people may not want them caught at all.
US$3.9 billion (RM16.6 billion) is a lot of money. But the largest loot remains in the hands of a few individuals. One would not be surprised if these would be lost forever.
Politics, as history tells us, often is unfair to the society that deserves them. It is now the conscience of this government to do the right thing – recover the lost money, close the case and move on.
How strange. All this time, the BN government under then prime minister Najib Abdul Razak and ruling party Umno had said that there was nothing wrong and nothing missing.
Why then are we continually getting money back in billions?
It is public knowledge that the Pakatan Harapan government and Tommy Thomas initiated the recovery process immediately after he was appointed as the attorney-general (AG) in 2018.
In such negotiations, the fight, in the beginning, is the toughest to establish our legal legitimacy as Goldman Sachs will not so easily agree to pay the money.
So, it will only be fair for Prime Minister Muhyiddin Yassin to also give credit to Harapan and Thomas where it is due, aside from his long list of current Perikatan Nasional (PN) officials.
Constitutional Supremacy: the char ges were filed by Thomas. He thus deserves a salute for a job well done.
The present AG withd rew 46 charges against former Sabah chief minister Musa Aman, totalling almost half a billion ringgit, and the reason was difficulty in proving the charges as the documents are overseas.
Kudos to Thomas and his team who filed the claim against the egregious Goldman Sachs.
They nailed the colours to the mast from day one, compared to the former BN ministers who daren't even claim the money from the US Justice of Department (DOJ) after the latter had forfeited Jho Low's money and assets in the US.
Great news. So, do we have a crime committed by any Malaysian who colluded with Goldman Sachs? Otherwise, are we saying foreigners can commit financial crimes in Malaysia without any Malaysian involved?
So far, I have not seen any Malaysian convicted. The other question is - if Goldman Sachs is willing to cough up US$3.9 billion to the government, what is the actual amount lost by the government?
So, something wrong had indeed taken place right under our noses. Indeed, was anyone from Malaysia involved? Obviously not, from the way Umno and their supporters are behaving.
Yet the kleptocrat said he has not stolen any money and is still strutting around like a peacock when all his feathers are gone.
Now this government can enjoy the largeese. Thanks to Harapan for initiating action which the previous government and the hopeless Apandi refused to do.
This US$3.9 billion claim was started by the Harapan government after the GE14 victory.
This amount of money should not be used by the PN government because of its association with the people who were responsible for the theft of the money in the first place.
The money should not be used by these alleged thieves to buy support for the impending GE. It should be used to pay back the loans raised by Goldman Sachs of US$6.5 billion at very high interest.
The people should not be taxed to pay back these fraudulent loans. Any shortfall in these loan repayments should be recovered from the alleged thieves and their conniving cronies.
Perhaps Goldman Sachs quickly agreed to a US$3.9 billion settlement with the PN government to save themselves from a bigger amount, should a new government be formed.
This money will ‘disappear’ after it is given to the PN government. It is sad that the people who caused the loss of 1MDB will be receiving this compensation.
This one alone (the return of the money) is enough to nail the coffin. Sorry, Najib, the PN did the arrangement to finish you early, compared to, PH, PH was generous and gave you every legal means to defend yourself.
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Posted by LaabuLaabi > 2020-07-24 11:09 | Report Abuse
That's it...shoot the messenger syndrome again. Why not go after the perp?