Showing posts with label Government Corruption. Show all posts
Showing posts with label Government Corruption. Show all posts

Saturday, April 6, 2019

Ex-Malaysian leader Najib could benefit from more delays in his corruption trial, experts say

The first of many trials facing former Malaysian Prime Minister Najib Razak started on Wednesday after weeks of delay — but analysts say the ex-leader’s defense team is likely to try to postpone the proceedings further.

Najib — unexpectedly ousted in the general election last May — faces more than 40 charges linked to the disappearance of billions of dollars from Malaysian state investment firm 1MDB.

The current trial involves seven charges related to an alleged transfer of 42 million Malaysian ringgit ($10.3 million) from a former 1MDB unit to Najib’s personal bank account. He has pleaded not guilty to all charges.

 Wednesday’s trial began after a two-month delay and is set to recommence on April 15. Earlier postponements followed appeals over procedural matters.

Analysts said there are political incentives for Najib if his trial is delayed, and they expect more attempts by the defense to push back proceedings.

Read more on CNBC

Recent news :

What Najib Razak’s corruption trial means for Malaysia – and the region

Malaysia's former PM Najib on corruption trial

Najib on Trial: Hearing finishes for the day (April 3)


 

Wednesday, April 3, 2019

Malaysia's former PM Najib on corruption trial

KUALA LUMPUR: Malaysia's disgraced former leader Najib Razak will go on trial on Wednesday (Apr 3) over a multi-billion-dollar financial scandal that contributed to his long-ruling coalition's downfall last year and sent shockwaves around the world.

The 65-year-old will face the first of several trials over his alleged involvement in the looting of sovereign wealth fund 1MDB, a state investment vehicle established to develop the economy of the Southeast Asian nation.

File photo of former Malaysian prime minister Najib Razak greeting supporters as he leaves the courthouse in Kuala Lumpur on Dec 12, 2018 after being charged in court. (MOHD RASFAN/AFP​​​​​​​


Source - Channel News Asia

Related News :

Najib on Trial: Hearing finishes for the day (April 3)


Najib's First 1MDB Trial Starts Today in Key Test for Malaysia 



Friday, June 29, 2018

Task force confirms freeze on bank accounts


Photo by The Star

PETALING JAYA: The 1Malaysia Development Bhd (1MDB) task force has confirmed it has frozen several bank accounts of individuals and organisations, including that of Umno and other political parties.

It believes the individuals and organisations were involved in misappropriation of 1MDB funds.
“Several accounts belonging to associations and companies were also frozen in connection with the case.

“The investigation will be conducted fairly and professionally based on the rule of law,” the task force said yesterday.

The task force also called on all parties to give the authorities ample space to investigate the case.
The 1MDB task force members are Bukit Aman Special Branch director Datuk Abdul Hamid Bador, former Attorney General Tan Sri Abdul Gani Patail, MACC chief commissioner Datuk Seri Mohd Shukri Abdull as well as his predecessor Tan Sri Abu Kassim Mohamed.

Read more on The Star

Related news :

Reuters interview 'intentionally misinterpreted', claims Najib

GLC head nabbed over RM300 million projects released on bail

CEO of GLC on remand for power abuse released today

Dr M: Action can't be taken against Taib Mahmud as no formal complaint lodged 

Four 'Tan Sri' among more than 400 probed over 1MDB



More than 400 people, including at least four with the honorific title of Tan Sri, are being investigated in connection with the 1MDB scandal.

A police source told Malaysiakini that the list included Umno leaders and their family members as well. It is believed that these individuals had received funds from 1MDB.

Of the four Tan Sri, one of them is a businessman from Sarawak, who is believed to be a close associate of Najib.

The other three include another close advisor of the former premier, who is believed to have influenced the editorial decisions of the mainstream media in the past, a former high-ranking government official and a political leader.

“These high-profile individuals were on the list to be investigated as far back as 2014. But the authorities could not further their investigation,” said the source.

Previously, there was a special task force investigating the RM2.6 billion and SRC International funds which were channelled to former premier Najib Abdul Razak's bank accounts.

Read more on Malaysiakini 

Related News :

Malaysian anti-corruption agency freezes political party bank accounts

Bank accounts of Malaysia party Umno frozen by anti-graft agency

Muhyiddin: MACC has right to freeze Umno accounts

Investigation extends into Umno as MACC follows the money trail of billions

Wednesday, June 27, 2018

Seized Cash and Luxury Goods Are Valued at RM1.1 Billion


Malaysia Chronicle Photo

RM440 million worth of jewellery and RM116.7 million cash was seized from residences linked to former prime minister Najib Razak, police said today.

Including other items such as handbags and watches, the total value of items seized are estimated to be between RM900 million and RM1.1 billion, said Bukit Aman Commercial Crime Investigation Department director Amar Singh Ishar Singh.

Amar Singh said of the jewellery, the number of items alone was 12,000 and included 14 tiaras, rings, diamonds, bangles and earrings.

Among the more expensive pieces was a RM6.4 million necklace with a white diamond.
He told a press conference today that the jewellery valuation of RM440 million was only for the materials and did not factor in workmanship, design and other costs involved in sales, which would be 50% to 100% more.

Also seized were 567 handbags from a 37 brands that included Hermes, Prada, Versace and Chanel, among others. One of them, under the brand Bijan, was custom-made and is not available on the market.

For the Hermes bags alone, of which there were 272 pieces, the value was RM51.3 million.

Read more on Malaysia Chronicle 

Related News :

Seized Cash and Luxury Goods Linked to Malaysia's Former Prime Minister Are Valued at $273 Million

Value of cash and goods seized from Najib-linked residences amounted to about RM1bil

Malaysia Arrests Najib Ex-Aide in 1MDB Probe: Media

Tuesday, June 26, 2018

Cops to hold presser on valuation of items seized from Najib-linked residences



Federal commercial crimes director Amar Singh is scheduled to hold a press conference tomorrow on the items seized from residences linked to their investigation into former premier Najib Abdul Razak and 1MDB.

In a media alert this afternoon, the police said the press conference would be held at the commercial crimes department office in Menara KPJ, Kuala Lumpur, at 11am.

“PC is related to the valuation of the items seized,” read the alert.

On June 14, Amar said police are still evaluating the items seized from three units at the upmarket Pavilion Residences in Kuala Lumpur on May 18.

He was responding to a China Press report that police have completed their estimation with regard to the items, which included 433 branded watches, whose total value is RM80 million, with one particular watch valued at RM3.5 million.

Read more on MalaysiaKini

Related News :


KPMG terminated as 1MDB auditors

1MDB debt costs may reach RM34.6B

Malaysian police arrest former Najib aide in 1MDB probe

Sunday, May 7, 2017

Is The MACC Really Serious About Corruption?

Source : FMT News

I want to support the chief of the Malaysian Anti-Corruption Commission (MACC) in his “resolve” to make the anti-graft agency more respectable in combating corruption in the country.
However, I would like to comment on some of his statements.

First, one swallow does not a summer make. The arrest of a Tan Sri here and a Datuk Seri there does not signify that the MACC has become bold to “venture” into the turf of the rich and powerful.

I have seen enough of many agencies having the tendency to indulge in the “flash in the pan” syndrome. They do things to impress, not with the enduring objective to solve a problem at hand.

Efforts against corruption must be relentless, imminent and without fear or favour.

When too many perceive that the rich and powerful are being protected, usually it is because such a view has some semblance of truth to it.

To prove otherwise requires efforts more than arresting a Tan Sri or a Datuk Seri. A Tan Sri trying to broker a royal title is very different from other Tan Sris in charge of millions in government funds.
Persistence and being resolute are key to curbing corruption.

The rich and the powerful have become bold and blatant in their deviant ways because they perceive the likelihood of being hauled up, too slim.

Read more on Free Malaysia Today

Other News :

Malaysia anti-corruption body member accused of corruption

Malaysian PM Najib Razak accuses media of 'fake news', doubts corruption reports

Johor Govt Accepts Resignation of Official Charged With Corruption

Saturday, April 22, 2017

Johor Govt Accepts Resignation of Official Charged With Corruption


 Abd Latif Bandi (Photo : The Star/Asia News Network)

Abd Latif Bandi
Abd Latif Bandi
JOHOR BARU - The Johor government has accepted the resignation of Datuk Abd Latif Bandi, who quit his post as state Housing and Local Government Committee chairman.

Mentri Besar Datuk Seri Mohamed Khaled Nordin said the resignation letter, dated April 20, conveyed Abd Latif's wish to resign from his official position in the state government.

"On behalf of the state government, I respect the choice made by Abd Latif. The decision is surely based on good judgment, which is the best for all sides.

"I hope that the legal process would be carried out in accordance to existing legal provisions," he said in a statement yesterday.

On Wednesday, Abd Latif, 51, was charged at a Sessions Court here with 33 counts of graft.

In a statement issued through his lawyer, Abd Latif thanked Johor Ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar and Mohamed Khaled for giving him the opportunity to serve in the state government.

Read more on AsiaOne

Related News :

Johor Exco Pleads Not Guilty to 33 Counts of Corruption

Johor exco man freed on MACC bail

Johor real estate scandal: MACC obtains 7-day remand order for state exco
JOHOR BARU - The Johor government has accepted the resignation of Datuk Abd Latif Bandi, who quit his post as state Housing and Local Government Committee chairman.
Mentri Besar Datuk Seri Mohamed Khaled Nordin said the resignation letter, dated April 20, conveyed Abd Latif's wish to resign from his official position in the state government.
- See more at: http://news.asiaone.com/news/malaysia/johor-govt-accepts-resignation-official-charged-corruption#sthash.uUSm9RJG.dpuf
JOHOR BARU - The Johor government has accepted the resignation of Datuk Abd Latif Bandi, who quit his post as state Housing and Local Government Committee chairman.
Mentri Besar Datuk Seri Mohamed Khaled Nordin said the resignation letter, dated April 20, conveyed Abd Latif's wish to resign from his official position in the state government.
- See more at: http://news.asiaone.com/news/malaysia/johor-govt-accepts-resignation-official-charged-corruption#sthash.uUSm9RJG.dpuf

Wednesday, April 19, 2017

Johor Exco Pleads Not Guilty to 33 Counts of Corruption


JOHOR BAHRU: A Johor state executive councillor and a real estate consultant were charged in the Sessions Court here today with corruption involving RM30.3 million.

Abd Latif Bandi, 51, and Amir Shariffuddin Abd Raub, 44, claimed trial to 33 charges allegedly committed at a bank in Larkin Perdana here, between Nov 13, 2013 and Oct 19 last year.

Latif was dropped from chairing the state’s housing and local government portfolio last month after he took leave following investigations on his son and a special officer who were arrested by the Malaysian Anti-Corruption Commission (MACC) over alleged graft offences.

He stands accused of conspiring with Amir to accept bribes from certain individuals as an inducement to obtain approval for release of a number of Bumiputera-reserved housing lots to the public, and for a discount in the contribution amount to the Johor State Housing Fund for the Eco Botanic Project in Pulai.

Amir allegedly accepted bribes from certain individuals for himself and Latif to allow for any transaction with regard to approval for release of the Bumiputera lots to the public and discount in fund contribution.

The charges are framed under Section 28 (1)(c) of the Malaysian Anti-Corruption Commission (MACC) Act 2009, read with Section 16 (a)(B) and Section 24 of the same Act, which provides for imprisonment of up to 20 years and a fine of not less than five times the value of the bribe or RM10,000, whichever is higher.

Read more on FMT

Related news :

Johor exco man freed on MACC bail

Johor real estate scandal: MACC obtains 7-day remand order for state exco

MACC uncovers Johor land scam

Thursday, January 26, 2017

Malaysia drops one spot in latest Corruption Perceptions Index



KUALA LUMPUR: Malaysia's ranking on the Corruption Perceptions Index (CPI) dropped by one place in 2016, with the country now ranked 55th out of 176 countries.

Malaysia also dropped one point in the index, scoring 49 out of 100, said a report by global graft monitor Transparency International.

Denmark and New Zealand came in as joint first places as "clean" countries, while Somalia with a score of 10 came in last, preceded by South Sudan which scored 11.

According to the report, 69 per cent of the 176 countries on CPI 2016 scored below 50, adding that this year, more countries declined in the index, not improved.

The CPI scale indicates that zero is perceived to be highly corrupted while 100 is perceived to be very clean.

Transparency International Malaysia (TI-M) president Datuk Akhbar Satar, at a press conference today, explained why Malaysia's CPI index dropped despite the Malaysian Anti-Corruption Commission’s (MACC) aggressive war against corruption.

More on New Straits Times


Tuesday, January 10, 2017

Another Top Malaysian Official Charged With Corruption

Picture Source :  Channel NewsAsia

KUALA LUMPUR: The former CEO and managing director of Malaysia's Tekun Nasional was charged with two counts of corruption on Monday (Jan 9).

Abdul Rahim Hassan pleaded not guilty to charges of soliciting and accepting a bribe of RM36,000 (US$8,000) from a debt collection company in 2015. Tekun is a government agency that provides financing to Bumiputera entrepreneurs, or indigenous and ethnic Malay entrepreneurs.

Abdul Rahim is the latest top official to be hauled to court by Malaysia's anti-corruption commission.
Last week, the graft busting body arrested the secretary-general of the rural and regional development ministry and his two sons after it unearthed gold assets and cash worth about US$600 million in several safe deposit boxes.

In December, a former director of the Sabah water department, his wife and a former deputy director were charged with misappropriating funds totalling about US$14 million as well as for unlawfully possessing luxury goods.

 "We are very upset, we are very sad that things happened and we hope these things can be resolved quickly," said Malaysia's Second Minister for International Trade and Industry Ong Ka Chuan. "We hope there's no future ... misappropriation of public funds. This will not bring a good image to the country and impact investor confidence."

Read more at Channel NewsAsia

Related Video :

Tuesday, December 20, 2016

British embassy questioned whether Malaysian PM cleared of corruption

Photo : The Guardian

The British embassy in Kuala Lumpur has questioned a claim by the Malaysian prime minister, Najib Razak, that his country’s anti-graft agency had cleared him of corruption, according to a diplomatic cable seen by the Guardian.

Malaysia’s anti-corruption commission (MACC) said in August last year that its investigation had found that nearly US$700m had been deposited into Najib’s personal bank account from unnamed “donors”.

It did not elaborate on the donor or why they transferred funds to Najib’s private accounts but said the money was not from the debt-laden state fund 1MDB, which had been the focus of the scandal.
Five days later, Najib told members of his ruling party that the MACC had cleared him of corruption allegations.

But a diplomatic telegram sent to London from the British High Commission in the Malaysian capital suggested the embassy queried that claim.

“Najib announced the MACC had exonerated him of corruption and the funds in his bank account were a donation from the Middle East and not from 1MDB,” it said.

“There has been no official MACC statement to this effect.”

Read more at The Guardian

Related News :

Malaysia 1MDB Scandal: Emirati Businessman Khadem Al Qubaisi Arrested In Abu Dhabi

Malaysia’s slide towards authoritarianism

Malaysia's anti-graft body loses top 3 men amid 1MDB scandal

Friday, August 19, 2016

Malaysia 1MDB Scandal: Emirati Businessman Khadem Al Qubaisi Arrested In Abu Dhabi

Abu Dhabi authorities took Emirati businessman Khadem Al Qubaisi into custody for his alleged involvement in a corruption scandal surrounding Malaysian state-run fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal reported Thursday citing people familiar with the matter.

Qubaisi, believed to be a key figure in the alleged fraud, was arrested last week as part of an Abu Dhabi probe into fraud and corruption, according to the Journal. His assets in the United Arab Emirates had been previously frozen and he was also barred from leaving the country.

Qubaisi is also being investigated by American authorities for his dealings and funds he's suspected of acquiring through the alleged 1MDB corruption, sources told the Journal. In last month’s court filings, the Justice Department sought to freeze his $100 million worth property in the U.S. The officials suspect he bought the real estate from money derived from the 1MDB fraud.

The U.S. government complaint reportedly said that Qubaisi got about $470 million illegally from the Malaysian fund. According to prosecutors, he allegedly bought a $51 million penthouse in New York’s Walker Tower and two mansions in Los Angeles worth a total of $46 million.

Read more in International Business Times

Related news :

Malaysia’s slide towards authoritarianism

Malaysia's new anti-corruption chief aware of daunting challenge ahead

Malaysia anti-graft chief quits job early

Malaysia's anti-graft body loses top 3 men amid 1MDB scandal

Thursday, August 11, 2016

Malaysia’s slide towards authoritarianism


Malaysian Prime Minister Najib Razak, centre, arrives for an Eid al-Fitr event in Kuala Lumpur, Malaysia, on 21 July, 2016 as lawmakers demanded he go on leave and be held accountable after US officials initiated action to seize more than US$1 billion they say was stolen from a state investment fund by people close to the premier.
(AP/Vincent Thian)
 Malaysia, once considered a model of liberalism in south-east Asia, seems headed towards overt authoritarianism, with the arrest of Penang Chief Minister Lim Guan Eng. Lim is of one of the few remaining prominent politicians standing against Prime Minister Najib Razak, and is facing what many considered politically motivated charges of corruption.


Lim, who was a member of the Democratic Action Party, has led one of the few regions in Malaysia without a Malay majority, since 2008. His arrest points to a shrinking space for opposition of any kind in the resource-rich nation of almost 30 million people.

“Malaysian society is fast becoming an Orwellian dystopia in which labels such as ‘moderates’, ‘extremists’, ‘national security’ and, ‘sedition’...have become relative, depending on how they are defined by the state,” said Kua Kia Soong, an advisor with the Malaysian Human Rights NGO SUARAM, in a press statement.

The latest move comes more than a year and a half since the 1Malaysia Development Berhad (1MDB) scandal, in which US$700 million was allegedly embezzled from a government-run development fund into Najib’s bank account, and billions more went missing.

The government denied the charges, claiming the deposit was a personal gift from the Saudi Royal Family. Instead of properly investigating 1MDB, the ruling Barisan Nasional (National Front, or BN) coalition has undertaken a gradual but intensifying clampdown against anyone who has spoken out against the prime minister.

Read more on Equal Times

Related news :

Malaysia's new anti-corruption chief aware of daunting challenge ahead

Malaysia anti-graft chief quits job early

Malaysia's anti-graft body loses top 3 men amid 1MDB scandal  
KUALA LUMPUR, Aug 8 — Fifty-five per cent out of the 1,902 arrests made over corruption cases in the country from 2013 involved those aged between 20 and 40 years.
Deputy Minister in the Prime Minister’s Department, Datuk Razali Ibrahim said various programmes had been carried out to reduce the involvement of youths in corruption.
The Malaysian Anti-Corruption Commission (MACC) was also given the responsibility to get close to the younger generation in an effort to tackle the problem.
“This is a big number. We have carried out various programmes to reduce corruption which must be nurtured through education,” told a press conference after closing the 6th Anti-Corruption Secretariat Convention at International Islamic University Malaysia (IIUM), here today
- See more at: http://www.themalaymailonline.com/malaysia/article/majority-of-corruption-arrests-involves-those-below-40-years-says-minister#sthash.75QnHoRV.dpuf
KUALA LUMPUR, Aug 8 — Fifty-five per cent out of the 1,902 arrests made over corruption cases in the country from 2013 involved those aged between 20 and 40 years.
Deputy Minister in the Prime Minister’s Department, Datuk Razali Ibrahim said various programmes had been carried out to reduce the involvement of youths in corruption.
The Malaysian Anti-Corruption Commission (MACC) was also given the responsibility to get close to the younger generation in an effort to tackle the problem.
“This is a big number. We have carried out various programmes to reduce corruption which must be nurtured through education,” told a press conference after closing the 6th Anti-Corruption Secretariat Convention at International Islamic University Malaysia (IIUM), here today.
- See more at: http://www.themalaymailonline.com/malaysia/article/majority-of-corruption-arrests-involves-those-below-40-years-says-minister#sthash.75QnHoRV.dpuf
KUALA LUMPUR, Aug 8 — Fifty-five per cent out of the 1,902 arrests made over corruption cases in the country from 2013 involved those aged between 20 and 40 years.
Deputy Minister in the Prime Minister’s Department, Datuk Razali Ibrahim said various programmes had been carried out to reduce the involvement of youths in corruption.
The Malaysian Anti-Corruption Commission (MACC) was also given the responsibility to get close to the younger generation in an effort to tackle the problem.
“This is a big number. We have carried out various programmes to reduce corruption which must be nurtured through education,” told a press conference after closing the 6th Anti-Corruption Secretariat Convention at International Islamic University Malaysia (IIUM), here today.
- See more at: http://www.themalaymailonline.com/malaysia/article/majority-of-corruption-arrests-involves-those-below-40-years-says-minister#sthash.75QnHoRV.dpuf
KUALA LUMPUR, Aug 8 — Fifty-five per cent out of the 1,902 arrests made over corruption cases in the country from 2013 involved those aged between 20 and 40 years.
Deputy Minister in the Prime Minister’s Department, Datuk Razali Ibrahim said various programmes had been carried out to reduce the involvement of youths in corruption.
The Malaysian Anti-Corruption Commission (MACC) was also given the responsibility to get close to the younger generation in an effort to tackle the problem.
“This is a big number. We have carried out various programmes to reduce corruption which must be nurtured through education,” told a press conference after closing the 6th Anti-Corruption Secretariat Convention at International Islamic University Malaysia (IIUM), here today.
- See more at: http://www.themalaymailonline.com/malaysia/article/majority-of-corruption-arrests-involves-those-below-40-years-says-minister#sthash.75QnHoRV.dpuf

Monday, August 1, 2016

Malaysia's new anti-corruption chief aware of daunting challenge ahead

PUTRAJAYA: Newly appointed chief of the Malaysian Anti-Corruption Commission (MACC) Dzulkifli Ahmad said in a press statement on Monday (Aug 1) he is "aware and conscious" of the daunting challenge that awaits him.

"It is my sincere hope that the MACC and I will continue to have the cooperation and support from all parties, towards our efforts to eradicate corruption in Malaysia," Dzulkifli added.

Arriving promptly at the commission's headquarters at 8am Monday morning, he was welcomed by MACC's top officials led by Deputy Commissioner (Management and Professionalism) Datuk Seri Mohd Jamidan Abdullah.

His appointment is effective from Aug 1 till Jul 31, 2021.

Dzukifli said he plans "to lead the MACC in its mission to spearhead anti-corruption efforts in Malaysia by being fair, firm and trustworthy".

He served in the Attorney-General's Chambers as the National Revenue Recovery Enforcement Team director. His predecessor, Abu Kassim Mohamed, will now serve as an integrity consultant at Universiti Teknologi Mara (UiTM )'s Law Faculty.

Source : Channel News Asia

Related news :

Malaysia anti-graft chief quits job early

Malaysia's anti-graft body loses top 3 men amid 1MDB scandal 

Malaysia names new anti-graft chief as corruption scandal drags on


Sunday, July 31, 2016

Bitcoin Thrives in Malaysia

Increasing financial corruption and a weakening currency pushes people to try alternative financial systems like Bitcoin. No wonder that Bitcoin is thriving in Malaysia. Photo from The Cointelegraph

1MDB – Malaysia's Brush with High Level Corruption

1Malaysia Development Bhd, or 1MDB as it is popularly known, is a state investment vehicle set up in 2009 to turn Kuala Lampur into a global financial hub. It started to run into problems in 2015 and has missed repayments on its debt obligations this year.
More than 10 countries across the world (including US, Switzerland and Singapore) have opened investigations into its affairs.

After a furore over corruption allegations, the advisory board of 1MDB headed by Malaysian PM Najib Razak was dissolved in May 2016 and a fresh board appointed.

Ordinary Malaysians Frustrated

The corruption-tainted transactions of 1MDB, which was set up using public money, has left ordinary Malaysians frustrated. The Malaysian Anti-Corruption Commission Chief stepped down 2 years before his term ended, in the midst of the probe into the 1MDB scandal.
Certain liabilities of 1MDB are guaranteed by the Malaysian Government and the failure of 1MDB will increase the budget deficit of Malaysia.

The Malaysian Ringgit has steadily depreciated since the start of 2015, driven by low commodity prices (primarily oil) and the scandal surrounding 1MDB.

Read more on The CoinTelegraph 

Related news :



 
PUTRAJAYA, Aug 14 — Stern measures including freezing, confiscating and forfeiting properties acquired by corrupt practises and abuse of power will be enforced more aggressively to combat corruption in the country.
The new Malaysian Anti-Corruption Commission (MACC) Chief Commissioner, Datuk Dzulkifli Ahmad said the actions would be carried out by using its existing enforcement power and capabilities.
“Among the actions which could be taken are with the provisions of the Malaysian Anti-Corruption Commission Act 2009, the Anti-Money Laundering Act (AMLA), Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001,” he said in an exclusive interview with Bernama yesterday.
“In my view, the main factor driving the growing corruption is greed among those vested with power and position regardless of how high or low the posts they hold.   
“The motivation for them to get involved in corruption is property and money, so MACC will ensure whatever acquisitions made from income of corrupt and abuse of power means will be frozen and seized by and forfeited to the government, and not just by bringing them, to face justice in court,” he said.
- See more at: http://www.themalaymailonline.com/malaysia/article/macc-to-freeze-seize-and-forfeit-ill-gotten-wealth-from-corruption#sthash.yiew1QZm.dpuf
PUTRAJAYA, Aug 14 — Stern measures including freezing, confiscating and forfeiting properties acquired by corrupt practises and abuse of power will be enforced more aggressively to combat corruption in the country.
The new Malaysian Anti-Corruption Commission (MACC) Chief Commissioner, Datuk Dzulkifli Ahmad said the actions would be carried out by using its existing enforcement power and capabilities.
“Among the actions which could be taken are with the provisions of the Malaysian Anti-Corruption Commission Act 2009, the Anti-Money Laundering Act (AMLA), Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001,” he said in an exclusive interview with Bernama yesterday.
“In my view, the main factor driving the growing corruption is greed among those vested with power and position regardless of how high or low the posts they hold.   
“The motivation for them to get involved in corruption is property and money, so MACC will ensure whatever acquisitions made from income of corrupt and abuse of power means will be frozen and seized by and forfeited to the government, and not just by bringing them, to face justice in court,” he said.
- See more at: http://www.themalaymailonline.com/malaysia/article/macc-to-freeze-seize-and-forfeit-ill-gotten-wealth-from-corruption#sthash.yiew1QZm.dpuf

Malaysia anti-graft chief quits job early

Najib Razak, Malaysian prime minister. Photo from ft.com

The head of Malaysia’s anti-corruption agency, who doggedly investigated prime minister Najib Razak’s finances along with the broader scandal around state investment fund 1MDB, is quitting his post early amid intensifying political pressure.

Abu Kassim Mohamed, chief commissioner of the Malaysian Anti-Corruption Commission, is due to step down on Monday, more than two years ahead of the scheduled end of his term in December 2018. He will be replaced by Dzulkifli Ahmad, an official in the attorney-general’s chambers.

Mr Kassim, who denies that the government has pressed him to stand down, has come under attack from Mr Najib’s supporters. He is among three current or former civil servants against whom a police report was filed last week by an official in Mr Najib’s ruling United Malays National Organisation.

According to local media, the police report accuses the three, who also include former central bank governor Zeti Akhtar Aziz and former attorney-general Abdul Gani Patail, of providing confidential information to foreign agencies.

The MACC leadership was praised recently by the US Federal Bureau of Investigation for its “tremendous courage”, as US officials announced they were seeking to seize assets allegedly acquired with misappropriated Malaysian state funds.

Read more on ft.com

Related news :



Saturday, July 30, 2016

Malaysia's anti-graft body loses top 3 men amid 1MDB scandal

PUTRAJAYA: Malaysia has named a new head of its anti-corruption commission as three top officials are either leaving or transferred from the organisation, in the midst of a corruption scandal plaguing state investment firm 1MDB.

On Aug 1, Dzulkifli Ahmad from the Attorney-General's Chambers takes over as chief commissioner of the Malaysian Anti-Corruption Commission (MACC) from Abu Kassim Mohamed, who is leaving the anti-graft body two years ahead of his contract completion date.

On Friday (Jul 29), it was revealed that two of Abu Kassim's deputies will also be leaving the MACC. The MACC deputy chief commissioner in charge of prevention is being transferred to the Immigration Department where he will serve as Director-General. Deputy chief commissioner for operations Mohd Shukri Abdull is set to resign later this year as he is of retirement age.

The news comes as controversial state investment firm 1MDB is in the spotlight again, this time over graft allegations from the US Department of Justice. The DOJ believes more than US$3 billion has been siphoned off from 1MDB due in part to corrupt officials.

1MDB is a wholly-owned subsidiary of the Malaysian Ministry of Finance. Prime Minister Najib Razak, who is also finance minister, served as head of 1MDB's advisory board.

Read more on Channel News Asia

Related news :

Malaysia anti-graft chief quits job early

Malaysia names new anti-graft chief as corruption scandal drags on

US Lawsuits Deepen Malaysia's 1MDB Scandal

Friday, July 29, 2016

Malaysia names new anti-graft chief as corruption scandal drags on

KUALA LUMPUR (Reuters) - Malaysia appointed a new chief of its anti-graft agency on Friday, replacing a previous head who stepped down two years before his term ended amid a high-profile graft investigation linked to Prime Minister Najib Razak.
 
The Malaysian Anti-Corruption Commission (MACC) has led investigations into allegations of graft and financial mismanagement at state fund 1Malaysia Development Berhad (1MDB) and the transfer of 2.6 billion ringgit ($639.13 million) to Najib's personal bank accounts.

Najib has denied any wrongdoing.

The multi-billion dollar scandal has shaken investors in Southeast Asia's third-biggest economy and dented confidence in Najib's ruling coalition.

The government said in a statement Dzulkifli Ahmad would be the new MACC chief commissioner from Aug 1.

Dzulkifli was previously at the office of Attorney General Apandi Ali, who cleared Najib of any criminal offences in 1MDB cases in January. Critics have questioned Apandi's decision to clear the prime minister.

Dzulkifli had been touted as a possible successor for weeks before the announcement, despite calls by anti-corruption groups and civil rights organizations to appoint a leader from within MACC, on the grounds that would be more conducive to maintaining its integrity.

This month, the U.S. Justice Department filed civil lawsuits seeking to seize more than $1 billion of assets allegedly siphoned off from 1MDB, saying they were part of "an international conspiracy to launder money".

The lawsuits do not name Najib, but refer to a high-ranking government official who received more than $700 million of the misappropriated funds.

A source familiar with the investigations told Reuters the official, identified in the lawsuits as "Malaysian Official 1", was Najib.

Read more on Business Insider

Related news :

Malaysia anti-graft chief quits job early

US Lawsuits Deepen Malaysia's 1MDB Scandal

Malaysia PM Najib Razak seeks new powers amid protests over 1MDB fund scandal

Wednesday, July 27, 2016

US Lawsuits Deepen Malaysia's 1MDB Scandal

Malaysian premier Najib Razak is believed to be linked to the stolen funds.

Malaysian Prime Minister Najib Razak has effectively abandoned his bureaucrats linked to the long-running scandal involving 1Malaysia Development Berhad (1MDB), saying they would have to fend for themselves against legal action launched in the United States.

“The civil suits brought by the U.S. Justice Department regarding 1MDB must be given space and opportunity for the judicial process to be carried out. Any individual who has been named must clear their own names,” Najib wrote in a social media post.

Najib is unnamed in the suits but is reportedly referred to as Malaysian Official 1 in the American lawsuits. Those who have read all the court documents say he is referred to 36 times.

The United States is suing for the return of $1 billion in assets from $3.5 billion allegedly misappropriated by the fund, which has also accumulated losses of $11 billion. Recent reports also claim a secret deal was hatched between Najib and a Chinese state company to pay off those debts.

Of this, Najib has faced allegations that almost $700 million was transferred from the fund he founded in 2009 to his personal bank accounts ahead of elections in 2013.

U.S. lawsuits also say money was moved between an account held by Malaysian Official 1 and Eric Tan Kim Loong, a business associate of financier Low Taek Jho, a confidante of Najib.

Also named was Najib’s stepson and founder of Red Granite Pictures, Riza Aziz. Perhaps ironically, Red Granite produced the Oscar-nominated film The Wolf of Wall Street.

Najib denies any allegation of wrongdoing.

Read more on The Diplomat

Related news :

Malaysia PM Najib Razak seeks new powers amid protests over 1MDB fund scandal

Is Malaysia's Prime Minister at the Centre of a Billion Dollar Corruption Lawsuit in America?

Van Gogh and Monet paintings seized in 1MDB corruption investigation

US rejects account of how millions got to Najib