Monday, December 17, 2012

CAN IT BE TRUE? Dr M set to be the world's wealthiest man if BN continues to rule?


CAN IT BE TRUE? Dr M set to be the world's wealthiest man if BN continues to rule? 

 

Written by  FinanceTwitter 



Monday, 17 December 2012 17:32
The mounting pressure from 18 days of historic protests finally drove Egyptian President Hosni Mubarak from office, after 30-years as his nation’s iron-fisted ruler. But the dictator should not shed a single drop of tear because the fortune he amassed is more than enough to finance his retirement comfortably. It would be nice and jaw-dropping if Forbes can compile the world’s richest dictators or politicians simply because it would put world’s richest man, Mexican Carlos Slim (worth about US$54 billion) and Bill Gates (net worth about US$53 billion) to shame.
Armed with suspended constitution for 30 years, Hosni Mubarak was in virtually every piece of business deal in the country thanks to guaranteed profit from monopolies, red-tape fees, bribery fees, nepotism and whatnot. The British Guardian newspaper estimated the wealth of Mubarak and his family at somewhere between US$40 billion and US$70 billion. That’s about US$1 billion to US$2 billion net profit annually on average, not bad for a job as a president ruling a nation with GDP per capita of just $6,300.
Hosni Mubarak Demoracy
In fact, Mubarak knew it was game over when the protesters persisted even after he cut the nation’s internet access and use of forces to intimidate the tens of hundreds of protesters. And his delayed exit was definitely not to pray for a dignified exit but rather to buy time to move money around and hide significant parts of his fortune. If former Philippine President Marcos had US$684 million on deposits in various Swiss banks alone, expect nothing less than that from Mubarak’s Swiss accounts. The Swiss government has said it is temporarily freezing any assets in Swiss banks that could be linked to Mubarak.
Believed to have flown to the Red Sea resort of Sharm el-Sheikh, much of Mubarak’s wealth were from investment deals in British and Swiss banks or tied up in upmarket real estate in London, New York, Los Angeles and expensive tracts of the Red Sea coast, not to mention commissions from arm deals. Mubarak’s half-Welsh wife, Suzanne and their sons, Gamal and Alaa, accumulated wealth through partnerships with foreign investors and companies. Mubarak’s wife’s fortune alone was estimated at about US$5 billion.
Regardless whether Mubarak’s wealth is US$40 billion, US$70 billion or more, the fact remains that tracking the money trail would be almost impossible, let alone claiming it back to the people of Egypt. If the Philippine government couldn’t even bring back billions of dollars plundered by former dictator Marcos more than 20 years after his death, what more can the new government of Egypt do to recover it with today’s information technology?
Marcos Mubarak Mahathir Richest Man
Obviously top army officials were on Mubarak’s payroll judging from his ease of exit from the country. Mubarak may no be the President of Egypt anymore but his tentacles are still in the country. His worry is not about money but more on possible prosecution or assassination. But if you think Hosni Mubarak is the richest man on earth, wait till you hear what has former dictator Mahathir Mohamad plundered. How about US$100 billion?
Then there is Malaysia's Mahathir
Using the same rule of thumb that Mubarak “earned” about US1 billion to US2 billion annually, Mahathir’s wealth easily top US$22 to US$44 billion over his 22-year of iron-fist rule. However Malaysia has more natural resources than Egypt and economically, Malaysia is richer although not necessary less corrupted than Egypt. Just like Egypt, corruption in Malaysia is so entrenched that every institutions are tainted – from the monarchy, judiciary, executive, legislature to the lowest ranking policemen on the street. Hence Mahathir is easily worth more than that.
If there’s one factor that is separating Malaysia from Egypt, that’s unemployment. The present government of Malaysia may be more corrupt than previous Mubarak’s administration but Malaysia’s ruling party is smart enough to generate jobs in various government departments especially to cater for the ethnic-Malay, though the jobs created are not needed. If there’s one group that would take to the street just like the Egypt uprising, it would be the ethnic-Malay themselves.
Mubarak Red Sea Resort Sharm el-Sheikh
As long as the Malaysia government can provide them with jobs, the scale of demonstration seen in Egypt would not happen in Malaysia. And as long as PM Najib Razak and his mentor Mahathir Mohamad can keep the pace in feeding these mouths and play the racial cards in their “divide and rule” doctrine, they can rule the country for many more decades and in the process continue to plunder the country.
By the time they’re ousted from the country the same way as Marcos and Mubarak, provided there would be an uprising of the same scale as Egypt in the first place, Mahathir and his followers could easily become the richest man on earth. And if there’s an uprising in Malaysia, do not expect any friendly police or military men in sympathy of the demonstrators. Again, Malaysia is very different from Egypt so an uprising of such stamina and scale is very distant.
http://www.financetwitter.com/2011/02/marcos-mubarak-mahathir-whos-the-richest-man.html
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Mahathir May Have Finally Met His True Rival, Rosmah



Former Prime Minister Dr. Mahathir Mohamad may kick his own self for not taking a total exit from the politics. The country was cheering after 22-year rule under Mahathir, who is often called a dictator by his critics, announced his exit. He was and still is a master politician who has beaten many of his rivals and sends them packing with their tails between their legs. Former PM Abdullah Badawi, opposition leader Anwar Ibrahim and Tengku Razaleigh are amongst the politicians who were defeated by Mahathir. But Mahathir is still very much in the political scene.
Time will tell if the old-man will have no choice but to give his final jab to current PM Najib Razak before the dictator, who is also known to promote corruption during his time, rests in peace. Heck, time is catching up and the 84-year-old Mahathir does not have the luxury of time to play Cat and Mouse. The old-fox may need to adopt Mike Tyson’s style of boxing – fast, ferocious and intimidating – in sending his opponent TKO or KO.
Mahathir Najib Rosmah 
It’s a known fact that while Najib Razak is the official Prime Minister, nothing goes without a nod from his wife, Rosmah Mansor. And it’s a known fact that Mahathir is the actual UMNO Supreme Commander, pulling the strings from behind the curtains, in dictating the direction of the administration. Mahathir was not going to let Najib has a free-hand in piloting the country and in the process dismantle what he thought was his toy he built over 22-year-rule. Not after what his handpicked Badawi has done.
While Najib may have the time and patience to become Mahathir’s “yes-man”, at least until the old-man became totally senile in a couple of years, the ambitious Rosmah Mansor may have shown her middle-finger and asked the old dictator to fly-kite. Najib has the endurance but not a fighter as he was born with a silver spoon. On the other hand Najib’s wife is a fighter who couldn’t care less if she has to offend Mahathir in the process of freeing up Najib from his influence and control.
Hey, even the Singapore Minister Mentor Lee Kuan Yew paid a personal one-to-one visit to Rosmah during his visit to Malaysia not many moons ago, strengthening speculation that the country is at least run by Najib-Rosmah on a 50-50 stake (or rather 40-60 stake?) partnership. And when you own 50% stake in a “company” the last thing you wish to have is another guy entering your company freely telling your other partner what to do. Mahathir owed Najib’s father a great favour and now Najib is grateful to the senior but Rosmah does not have anything to do with the former PM.
 Lee Kuan Yew visit Rosmah
The ghost of Malaysia Airline System’s (KLSE: MAS, stock-code 3786) RM8 billion scandal has re-emerge, again. And you don’t have to be a scientist to connect the dots on why despite punching a huge hole of losses in the national carrier, Tajudin Ramli, the chairman of MAS from 1994 – 2001 is practically immune from prosecution. Powerful hands that walk the corridors of powers have indeed telling Tajudin to perform his “national service” again, this time against Mahathir.
Pre-1997 Crisis, Tajudin controlled 47% of now defunct Naluri which was given a special privilege to purchase a 32% controlling stake in MAS from Bank Negara (Central Bank) at RM8.00 a share as part of Mahathir’s “short-cut” plan to produce Malay entrepreneurs (or rather UMNO cronies?) overnight to rival Chinese conglomerates. All hell breaks loose when the economic crisis hit and it was the mother of bailouts when the government bought back the MAS shares at the same price of RM8.00 a share (for a total of RM1.8 billion) even though the market price was only at RM3.68 a share.
Faced with a RM589 million suit by Danaharta later, Tajudin Ramli has counter sued for RM13.46 billion and also drops the bombshells that he was directed by former prime minister Dr. Mahathir Mohamad and former finance minister Tun Daim Zainuddin to buy shares in MAS to help Bank Negara recover from foreign exchange losses in 1994. Tajudin also claimed the transaction was a national service (and should be kept confidential) and he was only an agent of the Government and was assured by both Mahathir and Daim Zainuddin that he would not suffer any losses or be held liable for anything arising from his purchase of the MAS shares.
Now, by playing Tajudin’s story over and over again, it was hoped that Mahathir would receive the signal that it’s time to back-off from Najib’s administration. Obviously Tajudin is untouchable, at least for the time being, because he’s holding the balls of the once most powerful person in the country – Dr. Mahathir Mohamad. And there’re more corruptions and irregularities which Rosmah could expose.
Mahathir Neutralize Rosmah 
Former PM Abdullah Badawi was stupid (not to mention sleeps on the job) enough to taint himself via his brother, Fahim Ibrahim’s deal, in 51% of MAS Catering purchase, which later re-sold to Lufthansa’s LSG Skychef at an inflated profit. Otherwise Badawi may still be the prime minister today if he can just threaten Mahathir (to shut-up) with his past irregularities and corruption practices.
Mahathir may have finally met his true rival – Rosmah Mansor. And the lady has stacks of files ready to be exposed such as Mahathir’s bailout of his son Mirzan’s MISC (Malaysia International Shipping Corporation) losses of RM1.7 billion using national piggy bank Petronas. At the moment Mahathir doesn’t know how to deal with Rosmah simply because the lady is not a politician. You can’t fight a war that you do not know much about your enemy. People might say Mahathir bullies a lady the age of her daughter if he openly attacks her.
Sure, Mahathir can scream at Najib until his lungs came out but then the PM may just play tai-chi and say he can’t do anything to control her, with tongue in cheek. It may be hard for opposition leader Anwar Ibrahim to nail Mahathir since he doesn’t have the access but it’s a totally different story for Rosmah. She just needs to say it and all the past dirty transactions during Mahathir’s rule would be on her next morning’s breakfast menu.


























Time to Switch Camp – Good-Bye Najib and Auntie Rosy



UMNO General Assembly, which started two days was expected to be another round of opposition-bashing session (*yawn*). Considering this will be the last assembly before the 13th general election, the present federal government under the UMNO regime rule was expected to unleash all WMDs (weapon of mass destructions) under its arsenal since it would be a do-or-die election. This will also be the last assembly for PM Najib Razak before his deputy, Muhyiddin, takes over the premiership from him unless, of course Najib can miraculously wrestle two-third majority in the coming election, which is not possible at the moment.

There was good reason for the jittery local stock market these couple of days – big boys are dumping in anticipation of general election which was speculated to be called sometime December this year, just after UMNO 2012 General Assembly. And do we have to remind you again to dump Najib’s cronies related listed companies? Yes, we believe present Barisan Nasional (National Front) will still win and form the next federal goverment. No, we don’t believe PM Najib Razak will be able to lead the country for another term, even though the current regime will win the general election. And we believe Najib will call the snap election only next year, after Chinese New Year celebration.
Najib Razak - shortest serving PM
We wrote in early 2010, close to 3-years ago, that PM Najib will top the prime minister chart as the shortest serving Prime Minister of Malaysia, and we still stand by this prediction. We’ve also wrote in mid-2011 why Najib should call for a snap election back then. Heck, we’ve even hinted the premier to use his wife and play the good-cop-bad-cop drama, to turn the table on his enemies within UMNO and call a snap election after a cabinet reshuffle to flush his enemies into toilet bowl. If only he had listen to his feng-shui master and declare it on his lucky number – 11-11-2011. Now, it’s too late and his fate is sealed (*grin*).

But we can’t blame him for he is not and will not be a fighter. He is just an empty vessel lucky to be born in the Razak family. If he’s trading stock he would have burnt all his money. When his stocks were in profitable position, he would ask his advisors if it was time to sell (read: calling snap election). He would then hold hoping for the stocks (read: Najib’s popularity rating) to go up further. When the stocks drop (read: Bersih 2.0), he sweat but still hold on. When his stock goes up again (read: free money via BRIM) he somehow still hold and never take profit. And now, his stocks will be worthless as the expiration is nearing (read: he’s holding warrants after all *grin*).
Sleepy Abdullah Badawi
Unlike Najib, former premier Mahathir would do anything to secure his position without hesitation. If you think Mahathir hate sleepy head Abdullah Badawi very much, wait till you see how he engineer Najib Razak’s downfall post election later. While you can hate only so much a person who sleeps 23 hours per day (isn’t Badawi adorable?), your blood pressure would jump a few notch when your “budak suruhan” (boy-servant) will take out his handkerchief to wipe his mouth of saliva, nodded with a reluctant smile and run to his wife’s FLOM office asking for opinion without fail every time the de-facto Minister Mentor Mahathir asked the prime minister to do something.


Besides, to stop the suffering his lovely UMNO boys are having from continue kissing PM Najib’s hand filled with deposits of saliva, Mahathir, being a doctor himself, has to start code of hygienic practice (*tongue in cheek *) – time to kick Najib out from Putrajaya. Actually the writing was already on the wall when Mahathir hinted couple of weeks ago that Najib administration was weak. He was telling PM Najib to start packing, knowing his family needs more than the usual termination period with tons of birkin hermes handbags and all the shopping loots.
Deepak and Rosmah - Friends turn Foes
Knowing how Najib would act dumb after the next general election, and refuse to resign, the tactician who admires Adolf Hitler, has already made his moves together with the prime minister-in-waiting – deputy Muhyiddin. Do you really need to be a NASA scientist to guess who was behind the sudden shocking revelation by Deepak “Sharukh Khan” Jaikishan about PM Najib Razak and his wife Rosmah Mansor’s involvement with the Mongolian beauty Altantuya Shaariibuu gruelling murder at the eleventh hour of UMNO general assembly?

Even if Deepak has nine lives like a cat, he wouldn’t have the guts to whisper his involvement in helping the Razak family in the murder case, let alone giving such a high-profile exclusive interview to pro-opposition online portal. It was indeed explosive for carpet business Deepak who was once so “close” to the family, so much so it was rumored that Deepak was Rosmah’s toyboy, to betray the family who indirectly fed him with riches in contracts. Surely it wasn’t Auntie Rosy’s beauty, as if she was Kim Kardashian, that attracted Deepak in sacrificing his manhood, was it? Like it or not, it was all about business transactions involving hundreds of millions that turn sour due to greeds, cheats and whatnot.
Rosmah Mansor vs Kim Kardashian
If there’s one man that PM Najib dare not touch, it’s the former premier Apanama, who was seen running the country in day broad light these few weeks. Deepak is safe under this former dictator’s protection. And if Auntie Rosy thinks the old man has past his glory period, she would regret it next year. Already you can see how warlord Shahrizat creates havoc poking at sensitive issue – bloody racial riot 13-May – during the UMNO assembly in her attempt to chase the Chinese voters away, when in fact the premier already gave guidelines to stay low profile and say no stupid things. The moment Najib refused to renew Shahrizat Senatorship due to CowGate Scandal, the RM250 million lady has decided to switch camp to Mahathir-Muhyiddin.

Another person that you would be miss dearly after general election is Najib’s cousin – Home Minister Hishammuddin Hussein. Bad blood between former IGP Musa Hassan and Hishammuddin Hussein aside, the former was the same person who helped Mahathir carrying mattress allegedly contained Anwar Ibrahim mighty sperms in-and-out of courts during the Sodomy Part-1 case. And since Hishammuddin refuse to defect to Mahathir-Muhyiddin’s camp, he has to be given the boot. Give us a break – every Tom, Dick and his hamster knows Malaysia police is under Home Minister’s influence ever since Mahathir rule this country many moons ago. So to accuse Home Minister of interfering with police jobs is rather laughable, especially at this hour.
Najib Razak - Heil Mahathir
And if you think opposition Pakatan Rakyat (People’s Alliance) can form the next federal government even if they can win with simple majority, keep on dreaming. The master tactician Mahathir and his team have the recipe in place to cling to power, although it comprises a list of dirty methods. He had tried during Bersih 3.0 but unfortunately the demonstrators didn’t take the bait and refuse to riot together with the planted provocateurs. We’re talking about someone who knows how to manipulate Malays, Chinese, Indian, Kadazans, Iban and whatnot’s minds, not to mention Hitler’s brutality and creativity – to stay in power – Heil Mahathir (*yawn*).
























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  • Deepak, Musa the guns used in Dr M's 'guerrilla warfare' against Najib & Rosmah?
    Nawawi Mohamad, Stan Lee, Malaysia Chronicle | 17 Dec 2012
    When you want to get at someone who has influence and power, you have to plan and execute with precision and style in order to create maximum and lasting impact. Otherwise, it could backfire badly and you might end up hurt or even dead! That is life in Malaysia's take-no-enemies, an-eye-for-an-eye p... 





































    Monday, 17 December 2012 17:33

    Deepak, Musa the guns used in Dr M's 'guerrilla warfare' against Najib & Rosmah?

    Written by  Nawawi Mohamad, Stan Lee, Malaysia Chronicle
    When you want to get at someone who has influence and power, you have to plan and execute with precision and style in order to create maximum and lasting impact. Otherwise, it could backfire badly and you might end up hurt or even dead! That is life in Malaysia's take-no-enemies, an-eye-for-an-eye political arena.
    However, even the best laid and supported plans cannot guarantee success all the time. For example, Umno leaders Musa Hitam, Tengku Razaleigh and Anwar Ibrahim all went against their former boss Mahathir Mohamad with the backing and blessings of their supporters. Yet they failed to oust the wily and Machiavellian Mahathir, who stayed on to rule Malaysia for 22 years.
    Sometimes those in power who wish to get rid of others, also in power, may turn to third parties for help. The most obvious and extreme examples of mercenaries using mercenaries include Umno leaders like Prime Minister Najib Razak and fake sodomy 'victim' Saiful Bukhari 'helping' each other to get at Opposition Leader Anwar Ibrahim with the help of the top police chiefs. Individuals such as Ummi Hafilda, S Nallakaruppan and Ezam Mohd Noor, who invariably pop up to air Anwar's 'dirty laundry' at strategic times, can also be placed in the same category as Saiful.
    There have also been those who have ended up dead! Remember Teoh Beng Hock and Ahmad Sarbani? These two men had to pay with the lives for refusing to sing the tune demanded by certain Umno warlords during corruption investigations by - of all people - the Malaysian Ati-Corruption Commission.
    Of course, there are some who have been more fortunate such as Raja Petra Kamaruddin, who 'over-criticized' those in power and had to run off to England, where he is now living in luxury. Rap and movie star Namewee had the balls to make fun of the National Anthem but he was later forced to apologize.
    The point of all this is that "small' guys - average Joes and Josephines - invariably have to pay dearly should they ever dare to speak up against Umno-BN leaders, especially the ruthless Umno elite, the warlords who would stop at nothing to stop those who try to expose their illicit dealings and mega business contracts.
    So how should we analyze the case of Deepak Jaikishan with his various exposés against Najib, the Prime Minister and Umno president no less! Who is giving him courage? What is his game? Is it blackmail? What will be his punishment? Or will it be a 'reward'?
    Not so simple as a case of business blackmail or revenge
    Let's start by giving Deepak the benefit of doubt and consider his allegations against Selangor Umno Women's chief Raja Ropiaah as an ordinary business deal that had gone wrong. But then, why not just go to court and keep the scandal under wraps?
    Why did Deepak time his allegations during the UMNO general assembly and why did he go out of his way to make sure the country knew Najib's family got paid for helping to land Ropiaah the Ministry of Defense deal? What benefit will Deepak get by dragging Najib into his feud with Ropiaah? Wouldn't it make things more difficult for Deepak to involve someone as powerful as the incumbent Prime Minister of the country?
    So many questions spring to mind but there is still no answer that fits. Unless of course, Najib and his wife Rosmah Mansor were Deepak's main targets in the first place. Then, all the missing jigsaw puzzle pieces would snap back into place perfectly.
    Clearly an internal Umno conspiracy to oust Najib
    This takes us back to who is behind Deepak.
    He is after all just a carpet trader who was once close friends with Rosmah Mansor. Who indeed is Deepak to ‘blackmail’ Najib in such a concerted no-holds-barred way? Deepak should be wary of the repercussions. Not only are Beng Hock and Ahmad Sarbani good reminders, there is also the example of Altantuya! Yes, the beautiful Mongolian woman who was shot and blown to smithereens by Najib's ex-bodyguards.
    As for Najib, it looks like he was taken by surprise. If Deepak had given prior warning, Najib's supporters might have tried to pay him off to spare the PM embarrassment. It looks like Najib was not expecting the ambush although by now, there are stories that his camp has since offered to get RM160 million of loans re-instated to Deepak to 'keep his mouth shut'.
    Why hasn't Najib acted to arrest Deepak? Why didn't other Umno leaders defend their president against Deepak's accusations? Why is Deepak still free and continuing to make his exposures?
    Even the DAP has lodged a police report against Deepak for allegedly withholding information that Najib was involved in getting a damning statutory declaration on the Altantuya murder reversed. But only silence - deafening and terrible - from Umno and BN.
    It sure looks like Deepak has REALLY strong people backing him up against 'that couple', i.e. Najib and Rosmah. Now, who could these be?
    Is Anwar and PR behind Deepak?
    We can safely rule out Anwar and the Pakatan Rakyat by the simple fact that Umno blogger Papagomo has posted a video clip that purportedly show Deepak making a deal with someone close to Anwar. Why? Because Papagomo has lost his credibility and is also facing several law suits. Papagoma’s reputation has become simply too shady. Even his party has disowned him except for those who are as disgruntled as him.
    Also, Papagomo actually represents the 'opposition' within Umno. These are the warlords and the factions who want to kick Najib out from the Umno top post as quickly as possible. So while pointing the finger at Anwar, what Papagomo has actually done is to tell everybody in Malaysia that it is not Anwar nor the PR who are behind Deepak. Therefore, those behind Deepak must be from Umno itself.
    To know who in Umno is behind Deepak we must ask the question - who will benefit the most in Umno if Najib is removed from power? Obviously, that person must be someone eyeing the PM's post for himself - the PM in-waiting, so to speak. The most eligible person right now for that is Muhyiddin Yassin. Yes, he is starchy and plodding with no imagination or flair but Najib is little better. Even so, we must remember that Muhyiddin has always been a 'one-man' outfit. He is a political 'loner' with very small real grass roots support.
    Which leads to the next question? Whose idea was it to use Deepak? What is the real aim of this unknown person or persons? Do they really support Muhyiddin or are they just wishful of hiding behind him to attack Najib and then when the job is done, they will also act to 'remove' Muhyiddin?
    Musa Hassan's past benefactor also his current backer?
    Frankly, Mahathir's name is the first to swirl around as the most likely black hand supporting Deepak. Although, a direct connection cannot be proved, Malaysians can make their own 'logical' deductions.
    It doesn't help when Mahathir - who has been volunteering his views for free to all and sundry - opts to remain mysteriously silent on the Deepak revelations. After all, if you respect and support someone - as Mahathir claims to support Najib - you would feel hurt and angry at Deepak's accusations.
    If you love and care for UMNO, you would defend UMNO in any way you can. But why is it that when Najib's involvement in the Ropiaah case was blared out in public, no one in UMNO defended him? The same goes for Deepak's accusations involving the Scorpene-Altantuya scandal - nobody except Najib's own inner circle defended him. The rest of the UMNO leaders were strangely silent.
    And not only that, even Musa Hassan the ex-IGP seemed to have been roped in to add salt to the Najibs' wound. Musa astounded the nation by declaring that Home Minster Hishamuddin Hussein, who is Najib’s most trusted cousin, had interfered in the work of the police.
    Undeniably, there is a concerted effort to hit hard on Najib by his enemies within Umno. And it is only logical to deduce that the ones who would benefit most if Najib is removed from power would be Muhyiddin and the people who are using Muhyiddin to achieve their own aims.
    Even Shahrizat garnered more sympathy than the Najibs
    Let's look at Musa Hassan. Who is he most loyal to if not to Mahathir? After all, Musa was the one who helped Mahathir to get at Anwar and for that, Musa was duly rewarded and appointed to the IGP's post when Mahathir made himself the Home Minister. Isn't it odd that Musa did not once accuse Mahathir of abusing his power when he was attacking Hishamuddin?
    With 22 years of rule behind him, is it possible that Mahathir never once interfered with police work? Or is it more likely that for each occasion Hisham abused his power, Mahathir would have done the same at least 3 times more often.
    If they had their way, many UMNO leaders say they do not want Najib to continue as their president simply because Najib is carrying too much 'baggage' and scandals.
    Too much effort, resources and time have been spent on trying to make Najib look good, but the efforts have all gone down the drain. The latest polls on his popularity have just shown an increase of 1 percent, which is an huge insult to UMNO and a deadly omen of what they can expect come the 13th general election.
    Dr M's under-the-surface guerilla warfare with Najib and Rosmah
    Unlike Mahathir’s “Look East Policy” and “Vision 2020” which remain popular and well-remembered by UMNO members and leaders, Najib’s Transformation programs and 1Malaysia slogan are only being promoted by his ministers, Idris Jala and Rais Yatim respectively. Even Shahrizat Jalil, the embattled Women's chief who lost her Cabinet post due to the RM250 million NFC scandal, garnered more sympathy from Umno members and leaders than Najib at the height of her crisis.
    Indeed, why are Mahathir, Muhyiddin, Ku Li, Nazri Aziz, Isa Samad, Rais Yatim, Ali Rustam, Khairy Jamaluddin looking the other way and not say anything to defend Najib from Deepak's accusations? How can they profess to be the PM's loyal men but close an eye when he is being accused of murder and plundering national wealth.
    Perhaps the clue lies in Mahathir oft-repeated 'admissions' that his bad blood with Badawi contributed to a disunited UMNO, and that led to the BN's dismal performance in the 12th general election. For the 13th general election, Mahathir has assured he won't repeat the same mistake. But while the 87-year-old may openly express support for Najib and claim that the latter is doing a fine job, Mahathir may actually be already engaged in deep under-the-surface 'guerrilla' war-fare with the first couple.
    UMNO OUTCASTS: Alone and hurtling downhill with no brakes
    It is therefore obvious that Najib and Rosmah are alone by themselves as far as UMNO is concerned in the Deepak-Musa revelations . And caught by surprise, it is no wonder that Najib and Rosmah do not know how to react but wring their hands in desperation and try to brazen their way out by keeping their mouths shut instead of coming clean to the public.
    Deepak and Musa - two very different men and characters - show once again that Najib and Rosmah are now outcasts in UMNO. The couple are like a cancerous tumor in the party as it tries hard to retain its grip on the federal government. To UMNO, the Najib-Rosmah tumour has already been confirmed to be malignant. It has grown too big and could choke UMNO to death.
    The only solution is to remove the tumor soon. That major surgery is needed is already a given. The real question is HOW SOON before Umno finally brings Najib and Rosmah over to the operating theatre?
    Malaysia Chronicle
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    CAN IT BE TRUE? Dr M set to be the world's wealthiest man if BN continues to rule?

















    Questions over MACC-lawyer link to Bala’s second SD

     

     

     

     

     

     

     

    Is this the end of SUARAM? — Tommy Thomas

     

     

     

     

     

     

     

    THINK NAJIB! If you can't even sort out Dr M or reform Umno, HOW CAN YOU RULE M'SIA? 

     

     

     

     

     

     

     

    Political blockbuster: Dragon vs Dinosaur

     

     

     

     

     

     

     

    Malaysia opposition accuses govt of polls violence

     

     

     

     

     

     

     

    Anwar: Pakatan not behind Deepak, Musa allegations

     

     

     

     

     

     

     

    MUSA HASSAN IS A TWO FACED LYING FRAUDSTER 

     

     

     

     

     

     

     

    ‘Goalkeeper Rosmah will cause BN downfall’

     

     





    Carpet dealer says Wanita Umno leader cheated him in land deal












    Anwar: Pakatan not behind Deepak, Musa allegations




















    Saturday, December 01, 2012
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    Carpet dealer says Wanita Umno leader cheated him in land deal












    Anwar: Pakatan not behind Deepak, Musa allegations

     

     

     

     

     

     

    Pakatan dismisses Dr M’s street chaos claim

     

     

     

     

     

     

    Dr M's pessimism on Umno has been replaced with confidence

     

     

     

     

     

     

    How Dr M 'castrated' the MCA & spawned BN's corrupt crony business system 

     

     

     

     

     

     

    THICK-SKINNED & BLACK HEARTS: The result of Dr M's UGLY MALAY agenda

     

     

     

     

     

     

    Najib’s Achilles heel and poison arrow

     

     

     

     

     

     

    People of Malaysia Vs Mahathir Bin Mohamad

     

     

     

     

     

     

     

    Malays ignored, are ‘beggars’ in own country, says Dr M

     

     

     

     

     

     

    The happiest PM in the world

     

     

     

     

     

     

     

    If PR wins GE13, will Umno pass over power peacefully - Kit Siang challenges Dr M, Najib

     

      




    Tunku Abdul Rahman, Malaysia's First and Greatest Prime Minister 

     

     

     

     

     

     


    Malaysia's 6 prime ministers: When did the corruption and racism start?














    Race-based policies must end, says Anwar















    Malaysia's previous Prime Ministers were all lawyers but 1 Medical Doctor screwed-up the nation BIG-TIME!













    Tun Dr Ling Liong Sik told reporters that he would be issuing subpoenas to all three prime ministers — Tun Dr Mahathir Mohamad, Tun Abdullah Ahmad Badawi and Najib — to testify in the PKFZ land trial.














    Fighting nepotism label, Karpal dares Dr M to reveal family assets















    Malaysia's 6 prime ministers: When did the corruption and racism start?















    Race-based policies must end, says Anwar















    THE LAST UMNO CRIME MINISTER















    Najib the last BN premier?














    Najib the most stressed-out person in Malaysia today?















    R.A.H.M.A.N. Prophesy: Najib may NOT be the 6th Prime Minister

     

    The R.A.H.M.A.N. prophesy had held true for 39 years since the elevation of Tun Abdul Razak as the second Prime Minister in September 1970.
    It has accurately predicted four prime ministers after the first Prime Minister, Tunku Abdul Rahman.


    R.A.H.M.A.N. Prophesy: Najib may NOT be the 6th Prime Minister















    THE INEVITABLE DISSOLUTION OF A CORRUPT AND EVIL REGIME... (REPRISE)
















    What type of a PM says this: “Malaysia is at war” - with its own citizens?

     

     

      







    Najib warns of 'crushed bodies', 'lost lives', 'ethnic cleansing' if status quo not kept














    Najib: I need your mandate















    If truth be told, Najib can't be PM













    Malaysia MORE CORRUPT under Najib than Badawi and Mahathir 

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Hishammuddin dodges Musa’s claim, says will respond later

     

     

     

     

     

     








    ‘Dr M, a damning book and prostitutes’

    RK Anand | December 17, 2012
    Former KL CID chief Mat Zain Ibrahim says Mahathir admitted in his memoirs of having interfered in the police investigation concerning a book on Anwar.
    PETALING JAYA: The revelations of former inspector-general of police Musa Hassan regarding political intervention in police work continues to stir the hornet’s nest.
    In the latest twist to the saga, a former high-ranking police officer criticised Home Minister Hishammuddin Hussein over the latter’s reaction and also roped in Dr Mahathir Mohamad.
    In an open letter to Inspector-General of Police Ismail Omar, copies of which were also sent to Hishammuddin and Prime Minister Najib Tun Razak, Mat Zain Ibrahim recalled Mahathir’s role in the investigation concerning a book which contained a slew of allegations against Anwar Ibrahim.
    The book, which cited 50 reasons why Anwar should not become prime minister, was the catalyst for the subsequent sacking and jailing of the ex-deputy prime minister.
    Mat Zain, the former Kuala Lumpur CID chief, pointed out that Mahathir, who was then both prime minister and home minister, had admitted in his memoirs, “A Doctor in the House”, of having interfered in the investigation concerning the book.
    “In Chapter 53, he explains his role when the police were investigating the book, clearly proving that he not only interfered in the probe but also issued orders to Musa Hassan, to the point that it is believed to have influenced the outcome of the investigation.
    “Mahathir admitted interviewing several witnesses at his official residence in Sri Perdana. Among them was star witness [in Anwar's sodomy trial] Azizan Abu Bakar and four women,” he said.
    Mat Zain said it is believed that Musa had briefed Mahathir that the women were prostitutes who were, through the connection of businessman KS Nallakaruppan, used for the sexual gratification of a particular VIP.
    “If these prostitutes were willing to have sex with anyone for a fee, then they would also be willing to admit having sex with anyone or provide any witness testimony required, as long as they get paid.
    “What more if the prime minister himself guaranteed their personal safety and to keep their identities a secret as well as other benefits,” he added.

    Mahathir had vested interest

    Mahathir himself, Mat Zain said, revealed that he had control over the investigation and witnesses.
    “He gave the assurance that he would instruct the police to bring the witnesses to Sri Perdana again if the chief ministers, menteris besar and state Umno liaison committee chairmen wanted to interview them.
    “Musa should have objected and prevented Mahathir from having access to the witnesses, what more take them to Sri Perdana.
    “Musa must have realised that Mahathir had a vested interest in the probe on the premise of being the Umno president, home minister and prime minister who was being challenged [at the time],” he said.
    “Whether indirectly or directly, Mahathir had placed undue mental stress on the witnesses. By having this confidential meeting and striking whatever deals with these prostitues in Sri Perdana, Mahathir had tainted the good name of the prime minister’s official residence,” he added.
    Anwar had always maintained that the charges against him were trumped up by Mahathir and his confidants, a charge which the former premier denied.

    Hisham should investigate

    Meanwhile, Mat Zain said he hoped Hishammuddin would not dimiss this episode as something personal between Musa and Mahathir therefore negating the need for his intervention.
    He was referring to the home minister’s statement that the crisis between Musa and former Commercial Crimes Department director Ramli Yusuff was a personal matter.
    On the contrary, Mat Zain said Hishammuddin should identify the root cause of the problem between the two former senior policemen.
    He also noted that the disclosures of both Musa and Ramli pointed to criminal wrongdoings.
    “Whatever the public perception is towards Musa, his allegations as the former IGP on ministerial interference in police work, especially by Hishammuddin, must be given serious attention.
    “Hishammuddin’s question as to why Musa is making the claims only now is not something that a home minister should ask,” he said, adding that the minister should know that there was no time limit to expose criminal wrongdoings.













    Hishammuddin dodges Musa’s claim, says will respond later
















    Malaysian firms lose deals due to bribery, TI survey shows

     

     

     



    Corruption and inflation – how they affect the economy








    As corruption is a very broad, complex phenomenon, and not every type of corruption may have the same economic effect, it may be useful here to differentiate between the different types of corruption:

    a) grand corruption (which involves large sums of money, senior officials, and major decisions) and petty corruption (which involves small sums of money, low-level officials, and the provision of routine goods and services);


    b) systemic corruption (which permeates an entire agency, ministry, or even government) and individual corruption (which is isolated and sporadic); and,


    c) syndicated corruption (in which there is an elaborate system to receive and disseminate bribes) and non-syndicated corruption (in which individual officials seek bribes on an ad hoc and uncoordinated basis).
    It is obvious from the above that the economic impacts of grand corruption, systemic corruption, and syndicated corruption can be significant because of their scale. One would expect them to have a larger economic impact, e.g. inflationary pressures, when compared to petty corruption, individual corruption or non-syndicated corruption.










    Corruption and inflation – how they affect the economy













    US multinational fined RM80m for bribery in Malaysia and other countries













    Whistleblower gets $ 104MIL REWARD in US, in M'sia it is JAIL & SEDITION 

     

     












    GOOD GOVERNANCE beyond BN and PR












    Barisan Nasional has lost all credibility, legitimacy and moral authority to continue to rule in Malaysia













    Corruption and inflation – how they affect the economy
















    Ultra-extravagant lifestyles of the Umno elite: PERCEPTION OR REAL?













    Najib’s Achilles heel and poison arrow













    Even 'spending sifu' Rosmah would be shocked: Jho Low blows RM5mil to woo Taiwan pop-star












    Rosmah's 'shopping spree' hits Aussie paper

     

     

     

     

     

     

     

    Malaysia's POLITICAL ROYAL FAMILY

     

     

     

     

     

     

     

    Oh Rosmah! Did you try to cover up again?

     

     

     

     

     

     

     

    'Skirt-chasing' Najib takes Malaysia to the point of no return

     

     

     

     

     

     

    Mega oil project: Taiwan reject but praised to the skies by the Mahathirs and BN

     

     

     

     

     

    VVVIPs and the Umno-BN untouchables: Using status to play GOD and hide wrongdoing

     

     

     

     

     

     

    Najib Tun Razak has problems........

     

     

     

     

     

    Malaysia's POLITICAL ROYAL FAMILY












    'BN allows private scandals to defeat public policies'














    How Malaysia's government is MILKING Petronas' earnings













    Chinese firms down on Malaysia’s prospects, survey shows













    Corruption and inflation – how they affect the economy














    Police report on corruption against Attorney-General Gani Patail based on lawyer Zainal Abidin’s book “Tan Sri Gani Patail: Pemalsu, Penipu, Penjenayah (Fraud, Liar, Criminal)?” still under investigation












    Corruption filters down the Umno–BN sewers: Dirty deals at Sarawak Energy













    Keeping It In The Family! – How Taib ‘The Godfather’ Corruptly Controls CMS













    LIST OF DONORS EXPOSED! Ting Pek Kiing among KEY contributors to Musa's RM40mil fund















    For 'shameless' Shahrizat, her family can do no wrong














    Malaysia MORE CORRUPT under Najib than Badawi and Mahathir













    Fighting nepotism label, Karpal dares Dr M to reveal family assets













    Corruption and inflation – how they affect the economy













    M'sia the 4th most corrupt nation in the world but not a sound from Najib

     

     

     






    Corruption blocking Malaysia’s leap into higher-income status, says Nazir Razak
















    Confirmed - the corrupt are protected by the law

     

     

     

     

     

     

     

    Will Najib practice what he preaches on corruption?

     












    Aussie central bank hid bid to bribe Putrajaya for banknote deal

     

     

     

     

     

     

     

    Aussies ‘ignored’ M’sian banknote scandal

     

     

     

     

     

     

    Home Minister Hishamuddin Hussein Onn's Brother, Haris, Still Owns 180,000 Shares in Liberal Technology

     

     

     

     

     

     

     

    Malaysia's POLITICAL ROYAL FAMILY

     

     

     

     

     

     

    Home Minister who lost his marbles: Hisham out of sync with the pulse of the people

     

     

     

     

     

     

    Hishammuddin Hussein - Home Minister 















    Hishamuddin Sleeping On The Job

      

     

     

     

     

     

     

    Home Minister Hishamuddin Hussein Onn's Brother, Haris, Still Owns 180,000 Shares in Liberal Technology

     

     

     

     

     

     

     

     

    Malaysia's POLITICAL ROYAL FAMILY

     

     

     

     

     

     

    Corruption blocking Malaysia’s leap into higher-income status, says Nazir Razak

     

     

     

     

     

     

    WE NEED TO TELL THE WORLD OUR GOVERNMENT IS CORRUPT.

     

     

     

     

     

     

     

    Malaysia's POLITICAL ROYAL FAMILY

     

     

     

     

     






























    • CASE OF THE MISSING NAME: So is Dr M the world's 2nd richest ex-leader with $ 44 BILLION?
      Joe Fernandez, Wong Choon Mei, Malaysia Chronicle | 18 Dec 2012
      The oddest thing happened a day ago when former Malaysian prime minister Mahathir Mohamad's name was mysteriously removed from a Wikipedia  list detailing the wealth of former and current heads of state and government in the world. Citing 53 references, the Wikipedia page had listed Mahathir as the... 



      Tuesday, 18 December 2012 11:16

      CASE OF THE MISSING NAME: So is Dr M the world's 2nd richest ex-leader with $ 44 BILLION?

      Written by  Joe Fernandez, Wong Choon Mei, Malaysia Chronicle 



      The oddest thing happened a day ago when former Malaysian prime minister Mahathir Mohamad's name was mysteriously removed from a Wikipedia  list detailing the wealth of former and current heads of state and government in the world.
      Citing 53 references, the Wikipedia page had listed Mahathir as the second richest former head of government after deposed Egyptian President Hosni Mubarak whose wealth stands at somewhere between US$ 40 billion and US$ 70 billion.
      However, while the Wikipedia page is still available in Malaysia, Mahathir’s name appears to have been mysteriously removed on Mon 17 Dec 2012 minutes after Malaysia Chronicle ran a story with the headline Mahathir now the world's second richest ex-leader with US$ 44 BILLION? Alerted by a staff that Mahathir's name had been replaced on the No. 2 spot by the late Indonesian president Suharto, the editors decided to withdraw the story pending further checks and granting that information on Wikipedia can sometimes be manipulated.
      (Refer to the photographed version below of the page with Mahathir’s name clearly listed after Mubarak and compare it with the modified version as per the link http://en.wikipedia.org/wiki/List_of_heads_of_state_and_government_by_net_worth.)
      It must be noted the story was written in good faith and based on the Wikipedia allegation that Mahathir possessed a fortune of some US$ 44 billion. Obviously, if true, then there can only be bad implications for both Malaysia and Mahathir for how else could a prime minister elected by the people accumulate so much wealth without being involved in some way or other in corrupt activities.
      Whether Mahathir really possesses such a staggering sum as US$44 billion - no one knows. And like his name oddly 'disappearing' from the Wikipedia list, the complex convolutions that need to be unraveled to reach the truth of how rich Mahathir and his family really are, will surely be beyond the efforts of even Hercule Poirot and Miss Marple combined. Indeed, an army of international accountants, auditors, financial and banking specialists would be required, no less.

      Extorted Taib and Jeffrey?
      Even so, according to one of the references cited by Wikipedia, Mahathir’s modus operandi may be deduced by extrapolation and logical deduction from that adopted by Mubarak i.e. being in virtually every piece of business deal in the country thanks to guaranteed profits from monopolies, red tape fees, bribery fees, nepotism and whatnot. http://www.financetwitter.com/2011/02/marcos-mubarak-mahathir-whos-the-richest-man.html
      Mahathir came to power in 1981, retiring only in 2003. The 1980s were a politically and economically turbulent decade for Malaysia as Mahathir struggled to stamp his control over his party, rivals and the government. Money always helps in any tussle. This is something that Mahathir, now 87, would have realized from early on.
      Some political observers believe he may have launched himself on building up his personal war chest to finance his dynastic politics by first preying on Sabah strongman Jeffrey Kitingan and on Taib Mahmud of Sarawak. And to this day, Taib is accused of still 'feeding' Mahathir to stay in power as Putrajaya’s Chief Proxy in Borneo.
      There’s no way that Taib could have stayed on as Chief Minister for so long in Sarawak and out of reach of the Malaysian Anti Corruption Commission (MACC) without him taking care of the powers-that-be in Putrajaya, the administrative capital of the federal government. Alternatively, those in Putrajaya are using Taib to bleed Sarawak dry.
      It’s no secret that Mahathir has always detested Taib and tried to humiliate him upon becoming Prime Minister in 1981 by demoting him to the post of Federal Territory Minister allegedly to show his utter contempt for the man. There might have been some method in this madness. Mahathir’s loathing of Taib would have cost the latter plenty and more than usual. All the more reason to keep Sarawak on her knees and subservient to Putrajaya as a vassal state.
      Jeffrey refused to part with even a sen to Mahathir before ISA
      Taib “refused” or declined/neglected to take up his appointment as Federal Territory Minister and returned to Sarawak with his tail between his legs, upon Mahathir becoming Prime Minister, to take over from his uncle, Abdul Rahman Ya’kub, as Chief Minister. By that time, the Sarawak United People’s Party (Supp) under Stephen Yong was threatening to leave BN unless the allegedly anti non-Muslim Rahman was removed as Chief Minister.
      Jeffrey, as the political grapevine goes in Sabah where there are no secrets; refused to part with even a sen to Mahathir and the latter coincidentally had him incarcerated under the draconian Internal Security Act (ISA) for two two-year terms.
      Jeffrey was accused by Mahathir of plotting to take Sabah out of Malaysia by force and establishing a Christian Republic with him as President.” Mahathir is widely believed in Sabah to have stage managed relieving Jeffrey of all his overseas accounts for his growing gravy train before letting him out just in time for the 1994 state election.
      The fact is that Jeffrey, at one time, was wealthy behind comprehension and he doesn’t seem to have that kind of money anymore and coincidentally after his incarceration under the ISA.
      Mahathir apologists claim that many of Jeffrey’s trusted aides and nominees also made off with millions kept under their names abroad, on business in Sabah and elsewhere. In one particular case, the figure reportedly totaled US$ 700 million kept in Australia.
      These aides and nominees are no longer with Jeffrey but some of them, also doing business with the ruling party especially in the timber trade, are believed to be financing his politics “perhaps out of guilt for their past”.

      Jeffrey's jailing for 'Christian republic' a typical Dr M red herring to cover money fight?
      It’s not known if and how much Mahathir and/or the state could have taken (or 'fined') from Jeffrey officially and unofficially. But that doesn't stop the talk from buzzing around the coffee shops in Sabah.
      One clue comes from the US$ 4 billion figure cited by Mahathir from a Price Waterhouse Report on an audit done on the Sabah Foundation in the wake of the fall of the Parti Bersatu Sabah-led Sabah state government in 1994. The Report found the figure as a difference between the actual or higher spot price of timber and the lower longterm contract price.
      Mahathir, probably to throw a red herring on him taking Jeffrey’s money, piously implied that the money was there but went missing during the latter’s stewardship of the Sabah Foundation.
      Jeffrey had responded since then, whenever the issue was raised, that Mahathir was telling tall tales. Timber, explained Jeffrey, could not be sold on a long term contract basis at spot prices. The more you buy, the cheaper you get and vice versa. Also, buying forward for delivery in the future was not the same as buying now. That's been Jeffrey defense all this while.
      Taib was 'luckier'
      However, the truth may lie somewhere between Mahathir’s spin and Jeffrey’s explanations. In any case, the Sabah opposition leader has never been charged with corruption of any sort.
      But no one in Sabah will deny that Jeffrey was too wealthy for his own good at one time and was now reduced to living on his pension from the Sabah Foundation, Parliament and the state assembly. If he runs into shortfalls, and his former aides and nominees can’t cough up soon enough, he sells a land here, a property there or turns to his elder brother Joseph Pairin Kitingan, the Huguansiou – paramount chief – of Sabah.
      If rumors are true, Mahathir would have milked as much; if not more from Taib, than from Jeffrey, for his gravy train but the former Prime Minister obviously ensured that the Sarawak leader still stayed fabulously wealthy to ensure Muslim domination of his Christian Dayak-majority state.
      In Jeffrey’s case, Mahathir may have wanted him not only broke, but down and out, so that the Orang Asal as Christians would not have the finances to strike out politically on their own and challenge Putrajaya’s determination to marginalize and disenfranchise them through systematic racism, prejudice and opportunism as evident in internal colonisation policies.
      US$ 100 billion went missing during Dr M’s premiership
      Jeffrey and Taib may have been just the starters for Mahathir, with the main course consumed throughout the his 22-year tenure as PM.
      As Barry Wain’s book, Malaysian Maverick: Mahathir Mohamad in Turbulent Times, shows - at least US$ 100 billion went missing during Mahathir’s time as Prime Minister from 1981 to 2003.
      Much of these missing monies may be the difference between the actual cost of government procurements, contracts, tenders, permits, concessions, quotas, licences and the like and the amount that they eventually cost the tax payers i.e. double, triple or even up to ten times the actual amount.
      More recently, the Automatic Enforcement System (AES) costing the Public Treasury ten times what it should be is a case in point.
      Then, there’s the infamous case of Bank Negara ostensibly “losing” US$ 30 billion in the forex market during Mahathir’s premiership, “losing” various other sums on schemes like trying to take over the International Tin Market in London, untold sums on replacing the Chinese role in Malaysia with the Japanese under the notoriously racist Look East Policy and crippling the Public Treasury with the equally racist Buy British Last Policy. All these smack of a money trail under the guise of Mahathir's notorious Malaysia Boleh (Malaysia Can) brand of “patriotism”.
      Mahathir & Co, as former Finance Tengku Razaleigh Hamzah once told an audience in Australia not so long ago, was awarding government contracts to themselves. Razaleigh was then accused by the Mahathir administration of “betraying” the country by badmouthing it overseas. It’s seems Mahathir was Malaysia and Malaysia was Mahathir.
      Mahathir could only have done what Razaleigh accused him of doing by taking government money for himself through a network of nominees, cronies, fat cats and the like. In that case, he would have been no different from Mubarak and the many other corrupt dictators in the 3rd World who bled their countries dry and saddled them with crippling National Debt Burdens during their tenure in power.
      Catching the eye of the CIA?
      It’s likely that between Wain’s tell-all book and the Wikipedia list, Mahathir may have resigned from the premiership in 2003 for fear that he would be made to account for his abuse of power and conflict of interest issues in office.
      He has been accused of devising a way to leave office but still hold on to the reins of powers from the background to ensure that the long arm of the law never catches up. The public perception is that the Umno Supreme Council is firmly in Mahathir’s pocket and eating out of his hands while Najib Razak plays at being Prime Minister from behind his wife’s skirt.
      Everyone can still recall Mahathir’s long goodbye which he set in motion after shedding tears on national TV and wailing emotionally that he had “failed the Malays and failed to change their mindset”. As if he cared and as if that was his job!
      It may also be more than coincidence that Wikipedia has managed to compile a listing of Mahathir’s ill-gotten gains in time for the run-up to the 13th General Election. This appears to be the work of the Central Intelligence Agency (CIA) in the clearest indication yet from Washington that it wants Mahathir and the ruling Barisan Nasional (BN) out of the picture for good. This is the classic modus operandi of the US Government i.e. release damaging personal financial information to destroy the credibility of their targets designed for destruction.
      Mahathir has so far from all accounts been careful enough to salt away his wealth in countries which are out of reach of the SWIFT and IBAN international banking tracking systems initiated and financed by the United States to track ill-gotten gains, money laundering and financing of global terrorism. Japan is believed or rumoured to be among the countries where the former Prime Minister has a considerable number of his assets.
      Mahathir has huge enough war chest to create a lot of trouble
      The bottom line is that Mahathir, given his huge war chest, can continue to influence and dictate the politics of the Malay Nation in Malaysia i.e. the Malay-speaking communities drawn from the Bugis, Javanese, Minang, Acehnese and Indian Muslims in Peninsular Malaysia. He is reportedly financing Perkasa, an extremist fringe organization run by his puppet Ibrahim Ali and has attempted to meddle in the politics of Opposition Leader Anwar Ibrahim's Parti Keadilan Rakyat as well as PAS.
      Already, Mahathir is in control of the huge funds at the disposal of Petronas mostly from Sabah and Sarawak. He has been accused of failing to make a distinction between Petronas funds and his money, at least in the amount poured into his Perdana Leadership Foundation, and he freely uses the corporate jets and yachts belonging to the oil corporation. He has been photographed on the yacht holidaying somewhere in the Mediterranean. Even the Agong, the Malaysian King, doesn’t get this privilege.
      Mahathir also has the funds to poke into countries like Palestine and Bosnia-Herzegovina among other places through his Perdana Leadership Foundation – ostensibly to spread his hare-brained theories on leadership and vision-building -- and has been suspected by Washington in the past of channeling money for arms to these places, among others. This is something where the Americans will draw the line.
      Malaysia Chronicle
      Related Story:
      CAN IT BE TRUE? Dr M set to be the world's wealthiest man if BN continues to rule?

































      Wednesday, 19 December 2012 11:32

      BE AFRAID, BE VERY AFRAID of Mahathir and Umno-BN

      Written by  Victor Lim


      “If I contest, I will definitely be accused of being a homosexual, of having sex with animals and others. You do not know him (Dr M) like I do. At that time, I also did not have the financial clout. All monies were held by Daim.”
      That is a translation of what Malaysia’s fifth Deputy Prime Minister Musa Hitam (1981-1986) had to say about the evil and racist Mahathir Mohamad whom he served for five years.
      Malaysia’s seventh Deputy Prime Minister Anwar Ibrahim (1993-1998) paid and is still paying a heavy price for having the courage to defy and challenge Mahathir and the Umno-led Barisan Nasional (BN) system.
      The only difference between Musa and Anwar is that the latter seems to have the stamina and resolution to wage a protracted political battle against Mahathir and BN-Umno.
      Dr M is really that bad
      The not-so-flattering words hurled at Mahathir and Daim by Musa, and by many other former BN-Umno leaders are telling.
      As deputy prime ministers, each having served only five years under Mahathir’s 22-year authoritarian regime, they surely know the dirt in the Mahathir-Umno-BN system and what they are talking about.
      Now Mahathir has been exposed by Wikipedia as the second richest former head of government after deposed Egyptian President Hosni Mubarak whose wealth stands at somewhere between US$40 billion and US$70 billion.
      Mahathir’s estimated net worth of US$44 billion (RM132 billion) is a bane to Malaysian politics and to the detriment of Malaysians.
      It shows Mahathir’s available awesome war chest and capability to remain as Malaysia’s kingmaker, turning his successor Abdullah Badawi and current premier Najib Abdul Razak into pawns that he can either use, manipulate or discard.
      Najib next to bite the dust
      Abdullah has bitten the dust, Najib will soon face the same fate.
      However, the biggest fear is not only how and what Mahathir and Daim can do to Najib.
      It is the extensive socio-economic damage to the people and country that Mahathir can and will do with his war chest aided by the racist and Taliban-like Perkasa of which he is adviser.
      Without Mahathir’s financial backing, Ibrahim “Perkasa” Ali is nothing more than a pariah dog barking up the wrong tree.
      Malaysians have definitely seen through Mahathir’s evil deeds to Malaysians and Malaysia.
      Read this http://victorlim1982.blogspot.com/2012/12/najib-may-quit-before-ge13.html, this http://victorlim1982.blogspot.com/2012/12/malaysias-dr-jekyll-and-hyde-so-areumno.html and this http://victorlim1982.blogspot.com/2012/11/the-day-pm-najib-outfoxed-all.html if you had yet to.
      Indeed, be afraid, be very afraid of the agenda of this 'Dr Devli' called Mahathir (http://victorlim1982.blogspot.com/2012/08/mahathir-is-no-god-fearing-man.html).
      The question: Is it too late for a peoples’ power or uprising to upstage BN-Umno and Mahathir?”
      Reproduced below are for those who had yet to read about Malaysia's extensive corruption and capital flight in the last decade:
      Mahathir’s mean war chest means Najib is out
      Yesterday's deluge of very disturbing stories for Malaysians cannot be ignored and I have reproduced below.
      How not to be bankrupt with all the exposes?
      Former premier Mahathir Mohamad is so filthy rich that he can easily cause much trouble for Malaysians politically.
      It is so frightening to read and forecast what Malaysians can expect in the next 13th General Election.
      The super corrupt, evil and racist Umno-led Barisan Nasional leaders mean every word when it says it will win at all cost to remain in power to govern Malaysia:
      Tuesday, 18 December 2012 11:16
      CASE OF THE MISSING NAME: So is Dr M the world's 2nd richest ex-leader with $ 44 BILLION?
      Written by Joe Fernandez, Wong Choon Mei, Malaysia Chronicle
      The oddest thing happened a day ago when former Malaysian prime minister Mahathir Mohamad's name was mysteriously removed from a Wikipedia list detailing the wealth of former and current heads of state and government in the world.
      Citing 53 references, the Wikipedia page had listed Mahathir as the second richest former head of government after deposed Egyptian President Hosni Mubarak whose wealth stands at somewhere between US$ 40 billion and US$ 70 billion.
      However, while the Wikipedia page is still available in Malaysia, Mahathir’s name appears to have been mysteriously removed on Mon 17 Dec 2012 minutes after Malaysia Chronicle ran a story with the headline Mahathir now the world's second richest ex-leader with US$ 44 BILLION? Alerted by a staff that Mahathir's name had been replaced on the No. 2 spot by the late Indonesian president Suharto, the editors decided to withdraw the story pending further checks and granting that information on Wikipedia can sometimes be manipulated.
      (Refer to the photographed version below of the page with Mahathir’s name clearly listed after Mubarak and compare it with the modified version as per the link http://en.wikipedia.org/wiki/List_of_heads_of_state_and_government_by_net_worth.)
      It must be noted the story was written in good faith and based on the Wikipedia allegation that Mahathir possessed a fortune of some US$ 44 billion. Obviously, if true, then there can only be bad implications for both Malaysia and Mahathir for how else could a prime minister elected by the people accumulate so much wealth without being involved in some way or other in corrupt activities.
      Whether Mahathir really possesses such a staggering sum as US$44 billion - no one knows. And like his name oddly 'disappearing' from the Wikipedia list, the complex convolutions that need to be unraveled to reach the truth of how rich Mahathir and his family really are, will surely be beyond the efforts of even Hercule Poirot and Miss Marple combined. Indeed, an army of international accountants, auditors, financial and banking specialists would be required, no less.
      Extorted Taib and Jeffrey?
      Even so, according to one of the references cited by Wikipedia, Mahathir’s modus operandi may be deduced by extrapolation and logical deduction from that adopted by Mubarak i.e. being in virtually every piece of business deal in the country thanks to guaranteed profits from monopolies, red tape fees, bribery fees, nepotism and whatnot. http://www.financetwitter.com/2011/02/marcos-mubarak-mahathir-whos-the-richest-man.html
      Mahathir came to power in 1981, retiring only in 2003. The 1980s were a politically and economically turbulent decade for Malaysia as Mahathir struggled to stamp his control over his party, rivals and the government. Money always helps in any tussle. This is something that Mahathir, now 87, would have realized from early on.
      Some political observers believe he may have launched himself on building up his personal war chest to finance his dynastic politics by first preying on Sabah strongman Jeffrey Kitingan and on Taib Mahmud of Sarawak. And to this day, Taib is accused of still 'feeding' Mahathir to stay in power as Putrajaya’s Chief Proxy in Borneo.
      There’s no way that Taib could have stayed on as Chief Minister for so long in Sarawak and out of reach of the Malaysian Anti Corruption Commission (MACC) without him taking care of the powers-that-be in Putrajaya, the administrative capital of the federal government. Alternatively, those in Putrajaya are using Taib to bleed Sarawak dry.
      It’s no secret that Mahathir has always detested Taib and tried to humiliate him upon becoming Prime Minister in 1981 by demoting him to the post of Federal Territory Minister allegedly to show his utter contempt for the man. There might have been some method in this madness. Mahathir’s loathing of Taib would have cost the latter plenty and more than usual. All the more reason to keep Sarawak on her knees and subservient to Putrajaya as a vassal state.
      Jeffrey refused to part with even a sen to Mahathir before ISA
      Taib “refused” or declined/neglected to take up his appointment as Federal Territory Minister and returned to Sarawak with his tail between his legs, upon Mahathir becoming Prime Minister, to take over from his uncle, Abdul Rahman Ya’kub, as Chief Minister. By that time, the Sarawak United People’s Party (Supp) under Stephen Yong was threatening to leave BN unless the allegedly anti non-Muslim Rahman was removed as Chief Minister.
      Jeffrey, as the political grapevine goes in Sabah where there are no secrets; refused to part with even a sen to Mahathir and the latter coincidentally had him incarcerated under the draconian Internal Security Act (ISA) for two two-year terms.
      Jeffrey was accused by Mahathir of plotting to take Sabah out of Malaysia by force and establishing a Christian Republic with him as President.” Mahathir is widely believed in Sabah to have stage managed relieving Jeffrey of all his overseas accounts for his growing gravy train before letting him out just in time for the 1994 state election.
      The fact is that Jeffrey, at one time, was wealthy behind comprehension and he doesn’t seem to have that kind of money anymore and coincidentally after his incarceration under the ISA.
      Mahathir apologists claim that many of Jeffrey’s trusted aides and nominees also made off with millions kept under their names abroad, on business in Sabah and elsewhere. In one particular case, the figure reportedly totaled US$ 700 million kept in Australia.
      These aides and nominees are no longer with Jeffrey but some of them, also doing business with the ruling party especially in the timber trade, are believed to be financing his politics “perhaps out of guilt for their past”.
      Jeffrey's jailing for 'Christian republic' a typical Dr M red herring to cover money fight?
      It’s not known if and how much Mahathir and/or the state could have taken (or 'fined') from Jeffrey officially and unofficially. But that doesn't stop the talk from buzzing around the coffee shops in Sabah.
      One clue comes from the US$ 4 billion figure cited by Mahathir from a Price Waterhouse Report on an audit done on the Sabah Foundation in the wake of the fall of the Parti Bersatu Sabah-led Sabah state government in 1994. The Report found the figure as a difference between the actual or higher spot price of timber and the lower longterm contract price.
      Mahathir, probably to throw a red herring on him taking Jeffrey’s money, piously implied that the money was there but went missing during the latter’s stewardship of the Sabah Foundation.
      Jeffrey had responded since then, whenever the issue was raised, that Mahathir was telling tall tales. Timber, explained Jeffrey, could not be sold on a long term contract basis at spot prices. The more you buy, the cheaper you get and vice versa. Also, buying forward for delivery in the future was not the same as buying now. Credible or not, that's been Jeffrey defense all this while.
      Taib was 'luckier'
      However, the truth may lie somewhere between Mahathir’s spin and Jeffrey’s explanations. In any case, the Sabah opposition leader has never been charged with corruption of any sort.
      But no one in Sabah will deny that Jeffrey was too wealthy for his own good at one time and was now reduced to living on his pension from the Sabah Foundation, Parliament and the state assembly. If he runs into shortfalls, and his former aides and nominees can’t cough up soon enough, he sells a land here, a property there or turns to his elder brother Joseph Pairin Kitingan, the Huguansiou – paramount chief – of Sabah.
      If rumors are true, Mahathir would have milked as much; if not more from Taib, than from Jeffrey, for his gravy train but the former Prime Minister obviously ensured that the Sarawak leader still stayed fabulously wealthy to ensure Muslim domination of his Christian Dayak-majority state.
      In Jeffrey’s case, Mahathir may have wanted him not only broke, but down and out, so that the Orang Asal as Christians would not have the finances to strike out politically on their own and challenge Putrajaya’s determination to marginalize and disenfranchise them through systematic racism, prejudice and opportunism as evident in internal colonisation policies.
      US$ 100 billion went missing during Dr M’s premiership
      Jeffrey and Taib may have been just the starters for Mahathir, with the main course consumed throughout the his 22-year tenure as PM.
      As Barry Wain’s book, Malaysian Maverick: Mahathir Mohamad in Turbulent Times, shows - at least US$ 100 billion went missing during Mahathir’s time as Prime Minister from 1981 to 2003.
      Much of these missing monies may be the difference between the actual cost of government procurements, contracts, tenders, permits, concessions, quotas, licences and the like and the amount that they eventually cost the tax payers i.e. double, triple or even up to ten times the actual amount.
      More recently, the Automatic Enforcement System (AES) costing the Public Treasury ten times what it should be is a case in point.
      Then, there’s the infamous case of Bank Negara ostensibly “losing” US$ 30 billion in the forex market during Mahathir’s premiership, “losing” various other sums on schemes like trying to take over the International Tin Market in London, untold sums on replacing the Chinese role in Malaysia with the Japanese under the notoriously racist Look East Policy and crippling the Public Treasury with the equally discrimiative Buy British Last Policy. All these smack of a money trail under the guise of Mahathir's notorious Malaysia Boleh (Malaysia Can) brand of “patriotism”.
      Mahathir & Co, as former Finance Tengku Razaleigh Hamzah once told an audience in Australia not so long ago, was awarding government contracts to themselves. Razaleigh was then accused by the Mahathir administration of “betraying” the country by badmouthing it overseas. It’s seems Mahathir was Malaysia and Malaysia was Mahathir.
      Mahathir could only have done what Razaleigh accused him of doing by taking government money for himself through a network of nominees, cronies, fat cats and the like. In that case, he would have been no different from Mubarak and the many other corrupt dictators in the 3rd World who bled their countries dry and saddled them with crippling National Debt Burdens during their tenure in power.
      Catching the eye of the CIA?
      It’s likely that between Wain’s tell-all book and the Wikipedia list, Mahathir may have resigned from the premiership in 2003 for fear that he would be made to account for his abuse of power and conflict of interest issues in office.
      He has been accused of devising a way to leave office but still hold on to the reins of powers from the background to ensure that the long arm of the law never catches up.
      The public perception is that the Umno Supreme Council is firmly in Mahathir’s pocket and eating out of his hands while Najib Razak plays at being Prime Minister. Everyone can still recall Mahathir’s long goodbye which he set in motion after shedding tears on national TV and wailing emotionally that he had “failed the Malays and failed to change their mindset”.
      It may also be more than coincidence that Wikipedia has managed to compile a listing of Mahathir’s ill-gotten gains in time for the run-up to the 13th General Election. This appears to be the work of the Central Intelligence Agency (CIA) in the clearest indication yet from Washington that it wants Mahathir and the ruling Barisan Nasional (BN) out of the picture for good. This is the classic modus operandi of the US Government i.e. release damaging personal financial information to destroy the credibility of their targets designed for destruction.
      Mahathir has so far from all accounts been careful enough to salt away his wealth in countries which are out of reach of the SWIFT and IBAN international banking tracking systems initiated and financed by the United States to track ill-gotten gains, money laundering and financing of global terrorism. Japan is believed or rumoured to be among the countries where the former Prime Minister has a considerable number of his assets.
      Mahathir has huge enough war chest to create a lot of trouble
      The bottom line is that Mahathir, given his huge war chest, can continue to influence and dictate the politics of the Malay Nation in Malaysia i.e. the Malay-speaking communities drawn from the Bugis, Javanese, Minang, Acehnese and Indian Muslims in Peninsular Malaysia. He is reportedly financing Perkasa, an extremist fringe organization run by his puppet Ibrahim Ali and has attempted to meddle in the politics of Opposition Leader Anwar Ibrahim's Parti Keadilan Rakyat as well as PAS.
      Already, Mahathir is in control of the huge funds at the disposal of Petronas mostly from Sabah and Sarawak. He has been accused of failing to make a distinction between Petronas funds and his money, at least in the amount poured into his Perdana Leadership Foundation, and he freely uses the corporate jets and yachts belonging to the oil corporation. He has been photographed on the yacht holidaying somewhere in the Mediterranean. Even the Agong, the Malaysian King, doesn’t get this privilege.
      Mahathir also has the funds to poke into countries like Palestine and Bosnia-Herzegovina among other places through his Perdana Leadership Foundation – ostensibly to spread his hare-brained theories on leadership and vision-building -- and has been suspected by Washington in the past of channeling money for arms to these places, among others. This is something where the Americans will draw the line.
      Malaysia Chronicle
      Tuesday, 18 December 2012 16:59
      BUT WILL NAJIB DO ANYTHING? Account for the humongous illicit outflows - Guan Eng tells PM
      Written by Lim Guan Eng
      Finance Minister Datuk Seri Najib Tun Razak must fully account to 28 million Malaysians for the shocking RM 200 billion in dirty money siphoned out of Malaysia in 2010 and the scandal of RM 871 billon lost over the last 10 years or else admit the failure of his ETP. Najib’s stubborn silence and failure to act over this RM 871 billion scandal demonstrates not only his failure to uphold pubic accountability but that the BN government condones the practice of outflow of illict or dirty money.
      Washington-based financial watchdog Global Financial Integrity (GFI), in its latest report which tracks capital flight, says the level of illicit flows from Malaysia in 2010 was the highest in 10 years. RM 197 billion of dirty money was siphoned out of Malaysia in 2010 compared to RM 93 billion in 2009, an increase of 112 %. Malaysia has the shameful record of being the No.2 country in the world after China, of illicit outflow of dirty money.
      Figures are 'conservative' estimates
      The GFI report, ‘Illicit Financial Flows From Developing Countries: 2001-2010', is co-authored by GFI economists Sarah Freitas and Dev Kar, who is a former senior economist at the International Monetary Fund. GFI has warned that capital flight in Malaysia is "at a scale seen in few Asian countries".
      GFI described its estimates of global dirty money as "extremely conservative". Whilst Malaysia was ranked No. 2 globally in 2010, Malaysia is ranked No. 3 globally over 10 years from 2001-2010. The total 10-year estimate for Malaysia is US$285 billion (RM871.4 billion), while China is US$2,740 billion, and Mexico, US$476 billion.
      GFI said that trade mispricing - the practice of shifting profits overseas by over- or under-invoicing intra-company transactions - accounts for an average of 80.1 percent of illicit financial flows from developing countries. The rest of the dirty money involves proceeds of corruption, bribery, theft, and kickbacks.
      Where are the RESULTS of BNM probe
      Despite Najib’s promises last year that a probe would be conducted by Bank Negara, Bank Negara has yet to announce the result of its investigations or explain the massive illicit capital flight, despite offers of help from top GFI economists. Is this another case of BN’s “Janji Tak Ditepati” of unfulfilled promnises?
      The GFI report merely confirms the findings by the 2012 Transparency International report that Malaysia topped the Bribe Payer’s Survey in terms of lost business due to bribery. In this area, Malaysia ranked worst out of the 31 countries, worse than even Indonesia (47%), Pakistan (42%) and Russia (39%).Najib should come clean about this RM 871 billion scandal and wash away the shame it has brought to Malaysia by inviting top GFI economists who drafted the report to get to the root of this scandal.
      Lim Guan Eng is the Penang Chief Minister & the DAP sec-gen
      Tuesday, 18 December 2012 17:41
      Dirty money costing developing world $ 6 trillion, led by China & MALAYSIA
      WASHINGTON- Crime, corruption and tax evasion have cost the developing world nearly US$ 6 trillion over the past decade, and illicit funds keep growing, led by China, a financial watchdog group said in a new report.
      China accounted for almost half of the US$858.8 billion in dirty money that flowed into tax havens and Western banks in 2010, more than eight times the amounts for runner-ups Malaysia and Mexico.
      Total illicit outflows increased by 11 percent from the prior year, Global Financial Integrity, a Washington-based group that campaigns for financial accountability, said in its latest report released on Monday.
      “Astronomical sums of dirty money continue to flow out of the developing world and into offshore tax havens and developed country banks,” said Raymond Baker, director of GFI.
      “Developing countries are hemorrhaging more and more money at a time when rich and poor nations alike are struggling to spur economic growth. This report should be a wake-up call to world leaders that more must be done to address these harmful outflows,” he said.
      All the countries in the top 10, which this year saw India, Nigeria, the Philippines and Nigeria join the ranks, face significant problems with corruption, and in most there are vast gaps between rich and poor citizens as well as internal security problems.
      Leaders of the Group of 20 major economies increasingly are focusing on ways to crack down on money laundering, bank secrecy and tax loopholes to prevent funds stolen from public coffers or earned through criminal activity from depleting the budgets of developing countries.
      The sums are so huge that for every dollar in foreign direct aid, 10 leaves developing countries.
      China lost US$420.4 billion in 2010 and over the decade lost a total of US$ 2.74 trillion. And its losses are steadily rising. In an October report, GFI said another US$602 billion in illicit flows left China in 2011 for a total of US$3.79 trillion between 2000-11.
      However, the numbers in the latest report are not directly comparable with earlier data because GFI has updated its methodology, making the estimates somewhat more conservative. It measures illicit flows by calculating the difference between fund inflows from loans and net foreign direct investment, and the outflows from a country to pay for trade, cash transfers and other earnings.
      Aware of the destabilizing impact of corrupt money, Chinese leaders are embarking on a crackdown. Outgoing President Hu Jintao recently warned corruption threatens to destroy the communist party and the state. In Russia, President Vladimir Putin last week also put the issue high on his agenda as citizen protests over corruption mount.
      “Our report continues to demonstrate that the Chinese economy is a ticking time bomb,” said Dev Kar, GFI’s lead economist, who compiled the report. “The social, political and economic order in that country is not sustainable in the long run given such massive illicit outflows.”
      Mexico lost US$51.17 billion in illicit flows in 2010 for a total of US$ 476 billion over the last decade, which does not even count the billions of dollars in bulk cash that probably left under organized crime and drug dealing.
      Malaysia, an export-dominated economy with a wealthy elite, lost US$64.38 billion in 2010 and US$285 billion cumulatively between 2001 and 2010, the report said. Illicit financial flows have grown by 13.3 per cent a year since 2001, robbing countries of wealth and benefiting a handful of corrupt leaders.
      Kar said the worsening picture over the past decade coincides with the globalization of finance and loosening of capital controls, changes that make it easier to transfer funds to Western banks and to tax havens.
      “Until governance improves and measures to shrink the underground economy take hold, we will not see a sustained decline in illicit flows,” Kar said.
      GFI called on world leaders to accelerate efforts to curtail the flow of dirty money by clamping down on secret bank accounts and ownership of shell companies; reforming customs and trade protocols so that export/import payments cannot be used to hide illegal fund transfers; requiring multinational companies to report their profits by country to prevent tax avoidance; and strongly enforcing anti money-laundering laws.
      - Reuters
      Tuesday, 18 December 2012 12:35
      M'sia is world's No 2 in illegal capital flight: RM200 BILLION DIRTY MONEY SIPHONED OUT
      Close to RM200 billion of dirty money was siphoned out of Malaysia in 2010, putting the country second only to Asian economic powerhouse China in global capital flight for that year.
      Washington-based financial watchdog Global Financial Integrity (GFI), in its latest report which tracks capital flight, says the level of illicit flows from Malaysia in 2010 was the highest in 10 years.
      GFI has introduced a new and more conservative methodology in its estimates of illicit financial outflows, which help to zero in exclusively on dirty money. As such, estimates from its previous reports have been revised.
      Last year, GFI put the figure of illicit outflows for Malaysia in 2009 at US$46.86 billion (RM143.3). This has been altered to US$30.41 billion (RM93 billion).
      The latest report finds a dramatic jump of capital flight in Malaysia - from US$30.41 billion (RM93 billion) in 2009 to US$64.38 billion (RM196.8) in 2010.
      GFI has yet to obtain data for 2011 and 2012, but these will be included in future reports.
      The global financial watchdog has warned that capital flight in Malaysia is "at a scale seen in few Asian countries".
      The GFI report, ‘Illicit Financial Flows From Developing Countries: 2001-2010', is co-authored by GFI economists Sarah Freitas and Dev Kar, who is a former senior economist at the International Monetary Fund.
      According to GFI, for the cumulative illicit financial outflows over 10 years - from 2001 to 2010 - Malaysia is ranked No 3 in the world, after China and Mexico.
      The total 10-year estimate for Malaysia is US$285 billion (RM871.4 billion), while China is US$2,740 billion, and Mexico, US$476 billion.
      Prime Minister Najib Abdul Razak has disputed GFI's figures. Last year, he gave Parliament a much lower figure of RM135.3 billion for illicit capital outflows from 2000 to 2009.
      Nevertheless, GFI data was backed by a different study earlier this year by another organisation - the London-based Tax Justice Network, which found Malaysia among the top countries when it comes to capital flight.
      Graft accounts for 20% of dirty money
      GFI said that trade mispricing - the practice of shifting profits overseas by over- or under-invoicing intra-company transactions - accounts for an average of 80.1 percent of illicit financial flows from developing countries.
      The rest of the dirty money involves corruption.
      "Illicit transfers of the proceeds of corruption, bribery, theft, and kickbacks, accounting on average for 19.9 percent of illicit outflows over the decade, are on the rise as a percentage of total illicit financial outflows," said GFI.
      "Crime, corruption, and tax evasion cost the developing world US$858.8 billion in 2010, just below the all-time high of US$871.3 billion set in 2008."
      GFI described its estimates of global dirty money as "extremely conservative" as they do not include trade mispricing in services, same-invoice trade mispricing, hawala transactions, and dealings conducted in bulk cash.
      "This means that much of the proceeds of drug trafficking, human smuggling, and other criminal activities, which are often settled in cash, are not included in these estimates," said Kar (right).
      Asia is the biggest losers of capital, says the GFI report.
      "We found that Asia, accounting for 61.2 percent of cumulative outflows, was still the main driver of such flows from developing countries.
      "Indeed, five of the 10 countries with the largest illicit outflows - China, Malaysia, the Philippines, India, and Indonesia - are in Asia."
      GFI said increasing transparency in the global financial system is critical to stemming the outflow of illicit money from developing countries.
      Following the release of the previous GFI report in January last year, Najib, who is also the finance minister, kicked the ball to Bank Negara's court, saying that it would provide an explanation on the findings.
      Soon after, Deputy Finance Minister Donald Lim announced that Bank Negara has launched a probe.
      But to date, Bank Negara has yet to announce the result of its investigations or explain the massive illicit capital flight, despite offers of help from top GFI economists. - Malaysiakini

























      NAJIB SHOULD GO FOR BROKE BY EXERCISING HIS POWER TO HAVE THIS EVILT MAHATHIR PUT INTO PRISON IMMEDIATELY TO RETURN ALL THE MONEY BACK TO THE TREASURY. THE PEOPLE WILL RISE TO SUPPORT YOU AND RETURN YOU TO POWER FOR ANOTHER 5 YEARS WITH A GREATER MAJORITY. THE WHOLE POLITICAL SCENARIO WILL CHANGE AND WE’LL FORGIVE YOUR SINS IF YOU DO MORE CHARITY WORK UNDER YOUR PREMIERSHIP. DO IT NOW NAJIB BEFORE IT’S TOO LATE. WE’LL RATHER HAVE YOU AS THE PM THAN THAT MOOHIDEEN AND THAT EVIL SON AS THE DPM!
      “The election season’s overheated political rhetoric is adding fuel to the fire,”  The more polarized the political scene, the more people at the extremes.” Many Malays are enraged by what they see  Mahathir opportunistic politicians have done their best to stoke those fears and demonize Najib in the process.When the Malay race  are sacrificed, the social burden and hidden costs of making Mahathir and his team filty rich.
      Former premier Mahathir Mohamad is so filthy rich that he can easily cause much trouble for Malaysians politically.
      It is so frightening to read and forecast what Malaysians can expect in the next 13th General Election.
      The super corrupt, evil and racist Umno-led Barisan Nasional leaders mean every word when it says it will win at all cost to remain in power to govern Malaysia
      People power must come in for the good of the country. Hope it is not too late to save the country from bankruptcy. Wake up dear Malaysians and vote for change.
      It’s time forMalays to wake up to a new reality — that for more than a generation, a radical fringe group has held sway over the Malaysian  political process Meanwhile, extreme rhetoric dovetailed with extreme policies,in the last generation or so, extreme rhetoric dovetailed with extreme policies.The irony is that the leadership of Mahathir and his team  is so extreme that it no longer represents its own  UMNO members. And yet we’ve allowed the Perkas’s highly paid cadre of extremist leaders and its most radical supporters, who flood the airways and newspaper comment sections, to control the debate
      he oddest thing happened a day ago when former Malaysian prime minister Mahathir Mohamad’s name was mysteriously removed from a Wikipedia list detailing the wealth of former and current heads of state and government in the world.


      This is how the real Malays and other Malaysians are conned by the snake from Kerala who pretended to fight for the Rights of Malays using his infamous “Crutch and Blame Mindset” that he has so successfully brainwashed the Real Malays.But the main beneficiary would probably be this   snake from Kerala and his families who have successfully enriched themselves in Billions of RM through Rampant Corruption (in the form of Direct awards at obscene prices, AP beneficiaries, IPO beneficiaries, Hugh Commission for high valued procurements, getting dirt cheap government lands, bailouts and granting of financial grants and subsidies to Cronies, selling timber lands cheaply etc). Of course, those who benefited from this snake from Kerala, would be literally forced to give corrupt monies to him in Billions of RM for the past 22 years. After all who would not want to take good care of the most powerful man in Malaysia for 22 years, who has repeatedly use the Police, ACA, Judiciary and AG Clambers to suppress his political dissent and protect his own kinds.
      Catching the eye of the CIA?
      It’s likely that between Wain’s tell-all book and the Wikipedia list, Mahathir may have resigned from the premiership in 2003 for fear that he would be made to account for his abuse of power and conflict of interest issues in office.
      He has been accused of devising a way to leave office but still hold on to the reins of powers from the background to ensure that the long arm of the law never catches up.
      The public perception is that the Umno Supreme Council is firmly in Mahathir’s pocket and eating out of his hands while Najib Razak plays at being Prime Minister. Everyone can still recall Mahathir’s long goodbye which he set in motion after shedding tears on national TV and wailing emotionally that he had “failed the Malays and failed to change their mindset”.
      It may also be more than coincidence that Wikipedia has managed to compile a listing of Mahathir’s ill-gotten gains in time for the run-up to the 13th General Election. This appears to be the work of the Central Intelligence Agency (CIA) in the clearest indication yet from Washington that it wants Mahathir and the ruling Barisan Nasional (BN) out of the picture for good. This is the classic modus operandi of the US Government i.e. release damaging personal financial information to destroy the credibility of their targets designed for destruction.
      Mahathir has so far from all accounts been careful enough to salt away his wealth in countries which are out of reach of the SWIFT and IBAN international banking tracking systems initiated and financed by the United States to track ill-gotten gains, money laundering and financing of global terrorism. Japan is believed or rumoured to be among the countries where the former Prime Minister has a considerable number of his assets.
      Mahathir has huge enough war chest to create a lot of trouble
      The bottom line is that Mahathir, given his huge war chest, can continue to influence and dictate the politics of the Malay Nation in Malaysia i.e. the Malay-speaking communities drawn from the Bugis, Javanese, Minang, Acehnese and Indian Muslims in Peninsular Malaysia. He is reportedly financing Perkasa, an extremist fringe organization run by his puppet Ibrahim Ali and has attempted to meddle in the politics of Opposition Leader Anwar Ibrahim’s Parti Keadilan Rakyat as well as PAS.
      Already, Mahathir is in control of the huge funds at the disposal of Petronas mostly from Sabah and Sarawak. He has been accused of failing to make a distinction between Petronas funds and his money, at least in the amount poured into his Perdana Leadership Foundation, and he freely uses the corporate jets and yachts belonging to the oil corporation. He has been photographed on the yacht holidaying somewhere in the Mediterranean. Even the Agong, the Malaysian King, doesn’t get this privilege.
      Mahathir also has the funds to poke into countries like Palestine and Bosnia-Herzegovina among other places through his Perdana Leadership Foundation – ostensibly to spread his hare-brained theories on leadership and vision-building — and has been suspected by Washington in the past of channeling money for arms to these places, among others. This is something where the Americans will draw the line.
      What Malaysia’s fifth Deputy Prime Minister Musa Hitam (1981-1986) had to say about the evil and racist Mahathir Mohamad whom he served for five years.
      Malaysia’s seventh Deputy Prime Minister Anwar Ibrahim (1993-1998) paid and is still paying a heavy price for having the courage to defy and challenge Mahathir and the Umno-led Barisan Nasional (BN) system.
      The only difference between Musa and Anwar is that the latter seems to have the stamina and resolution to wage a protracted political battle against Mahathir and BN-Umno.
      Citing 53 references, the Wikipedia page had listed Mahathir as the second richest former head of government after deposed Egyptian President Hosni Mubarak whose wealth stands at somewhere between US$ 40 billion and US$ 70 billion.
      However, while the Wikipedia page is still available in Malaysia, Mahathir’s name appears to have been mysteriously removed on Mon 17 Dec 2012 minutes after Malaysia Chronicle ran a story with the headline Mahathir now the world’s second richest ex-leader with US$ 44 BILLION? Alerted by a staff that Mahathir’s name had been replaced on the No. 2 spot by the late Indonesian president Suharto, the editors decided to withdraw the story pending further checks and granting that information on Wikipedia can sometimes be manipulated.
      (Refer to the photographed version below of the page with Mahathir’s name clearly listed after Mubarak and compare it with the modified version as per the link http://en.wikipedia.org/wiki/List_of_heads_of_state_and_government_by_net_worth.)
      It must be noted the story was written in good faith and based on the Wikipedia allegation that Mahathir possessed a fortune of some US$ 44 billion. Obviously for both Malaysia and Mahathir for how else could a prime minister elected by the people accumulate so much wealth without being involved in some way or other in corrupt activities. Mahathir really possesses such a staggering sum as US$44 billion – like his name oddlydisappearing’ from the Wikipedia list, the complex convolutions that need to be unraveled to reach the truth of how rich Mahathir and his family really are, will surely be beyond the efforts of even Hercule Poirot and Miss Marple combined. Indeed, an army of international accountants, auditors, financial and banking specialists would be required, no less.The evil devil is pure evil,,, how he can con the Malays for so long is beyond comprehension. He insults them by calling them stupid and a lot of other nasty things show that Malays are masochists and revel in dung being thrown at them, and mamakutti keep throwing cowdung, pigdung and dogdung to excite them and keep them sexually aroused to the extent that they lose their mental faculties,,, make them gila etc. Well you have to give it to the Kerala snake,,, he has been able to keep playing this game for so long. The REAL losers are the Malays since they are the poorest.
      Trust me Dr M is really Evil
      The evil devil is pure evil,,, how he can con the Malays for so long is beyond comprehension. He insults them by calling them stupid and a lot of other nasty things show that Malays are masochists and revel in dung being thrown at them, and mamakutti keep throwing cowdung, pigdung and dogdung to excite them and keep them sexually aroused to the extent that they lose their mental faculties,,, make them gila etc. Well you have to give it to the mamak snake,,, he has been able to keep playing this game for so long. The REAL losers are the Malays since they are the poorest.
      The not-so-flattering words hurled at Mahathir and Daim by Musa, and by many other former BN-Umno leaders are telling.
      As deputy prime ministers, each having served only five years under Mahathir’s 22-year authoritarian regime, they surely know the dirt in the Mahathir-Umno-BN system and what they are talking about.
      Now Mahathir has been exposed by Wikipedia as the second richest former head of government after deposed Egyptian President Hosni Mubarak whose wealth stands at somewhere between US$40 billion and US$70 billion.
      Mahathir’s estimated net worth of US$44 billion (RM132 billion) is a bane to Malaysian politics and to the detriment of Malaysians.
      It shows Mahathir’s available awesome war chest and capability to remain as Malaysia’s kingmaker, turning his successor Abdullah Badawi and current premier Najib Abdul Razak into pawns that he can either use, manipulate or discard.
      Abdullah has bitten the dust, Najib will soon face the same fate.
      However, the biggest fear is not only how and what Mahathir and Daim can do to Najib.
      It is the extensive socio-economic damage to the people and country that Mahathir can and will do with his war chest aided by the racist and Taliban-like Perkasa of which he is adviser.
      Without Mahathir’s financial backing, Ibrahim “Perkasa” Ali is nothing more than a pariah dog barking up the wrong tree.
      Malaysians have definitely seen through Mahathir’s evil deeds to Malaysians and Malaysia.
      As Barry Wain’s book, Malaysian Maverick: Mahathir Mohamad in Turbulent Times, shows – at least US$ 100 billion went missing during Mahathir’s time as Prime Minister from 1981 to 2003.
      Much of these missing monies may be the difference between the actual cost of government procurements, contracts, tenders, permits, concessions, quotas, licences and the like and the amount that they eventually cost the tax payers i.e. double, triple or even up to ten times the actual amount.
      the infamous case of Bank Negara ostensibly “losing” US$ 30 billion in the forex market during Mahathir’s premiership, “losing” various other sums on schemes like trying to take over the International Tin Market in London, untold sums on replacing the Chinese role in Malaysia with the Japanese under the notoriously racist Look East Policy and crippling the Public Treasury with the equally discrimiative Buy British Last Policy. All these smack of a money trail under the guise of Mahathir’s notorious Malaysia Boleh (Malaysia Can) brand of “patriotism”.
      Mahathir & Co, as former Finance Tengku Razaleigh Hamzah once told an audience in Australia not so long ago, was awarding government contracts to themselves. Razaleigh was then accused by the Mahathir administration of “betraying” the country by badmouthing it overseas. It’s seems Mahathir was Malaysia and Malaysia was Mahathir.
      Mahathir could only have done what Razaleigh accused him of doing by taking government money for himself through a network of nominees, cronies, fat cats and the like. In that case, he would have been no different from Mubarak and the many other corrupt dictators in the 3rd World who bled their countries dry and saddled them with crippling National Debt Burdens during their tenure in power.Malaysia’s longest-serving prime minister, Tun Dr Mahathir Mohamad, had admitted in his memoirs to interfering in police investigations into the alleged sexual dalliances linked to his one-time deputy, Datuk Seri Anwar Ibrahim, a former senior policeman said today. This is yet another example of how the present Government is completely out of touch of reality … Read more

      Malaysia’s longest-serving prime minister, Tun Dr Mahathir Mohamad, had admitted in his memoirs to interfering in police investigations into the alleged sexual dalliances linked to his one-time deputy, Datuk Seri Anwar Ibrahim, a former senior policeman said today. This is yet another example of how the present Government is completely out of touch of reality
      … Read more   MAHATHIR SCORED HIS OWN GOAL, ABOVE THE LAW?



      In a democracy, a clear victory empowers the winning party to act as per its electoral promise, without compromises necessitated by coalition compulsions. On the other hand, a split mandate – as in the Center for the last two decades and now likely in HP as well – compels the winning party to follow a “common minimum agenda” kind of doctrine which is neither here nor there. In the end, the ruling combination picks up a bad name which harms it’s future prospects. A clear loser is in fact better off than a winner without a clear majority. Our electoral system needs a reform – so that it ensures a clear majority to whoever wins.


      There are some good examples of how electoral majorities are ensured around the world. The Greek electoral system is interesting. It follows something called “reinforced proportionality” – which basically means that in addition to whatever the winning party or coalition wins, it is allotted 50 more seats in Parliament (in a total strength of just 300, that’s nearly 17% more seats). This ensures that the winning combination gets a clear majority, and a chance to run the country by its will. Those parties that secure less than 3% of the votes are denied any seats. This eliminates the scourge of small parties that exert a disproportionate amount of the power by being willing to “sell” themselves to whoever pays them the most (we will soon see this happening in HP). Even if the country’s economy may have failed, Greece’s electoral system surely hasn’t!
      The sense of smell goes a long way… is as underrated as it is powerful! A gentle whiff has the power to evoke memories and arouse strong emotions.Not as much is known about the olfactory sense as about the other senses. If people were given the choice of losing one of their senses, in all … Read more:REAL MALAYSIAN, RISE UP!



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