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  1. Respect. someone really dare to check their PM's personal bank account! http://www.wsj.com/articles/SB10130211234592774869404581083700187014570 Prime Minister Najib’s bank accounts are scrutinized in probe of investment fund 1MDB. By Tom Wright And Simon Clark July 2, 2015 4:42 p.m. ET KUALA LUMPUR, Malaysia—Malaysian investigators scrutinizing a controversial government investment fund have traced nearly $700 million of deposits into what investigators believe are the personal bank accounts of Malaysia’s prime minister, Najib Razak, according to documents from a government probe. The investigation documents mark the first time Mr. Najib has been directly connected to the probes into state investment fund 1Malaysia Development Bhd., or 1MDB. Mr. Najib, who founded 1MDB and heads its board of advisors, has been under growing political pressure over the fund, which amassed $11 billion in debt it is struggling to repay. The government probe documents what investigators believe to be the movement of cash among government agencies, banks and companies linked to 1MDB before it ended up in Mr. Najib’s personal accounts. Documents reviewed by The Wall Street Journal include bank transfer forms and flow charts put together by government investigators that reflect their understanding of the path of the cash. The original source of the money is unclear and the government investigation doesn’t detail what happened to the money that went into Mr. Najib’s personal accounts. Advertisement “The prime minister has not taken any funds for personal use,” said a Malaysian government spokesman. “The prime minister’s political opponents, unwilling to accept his record or the facts, continue to try to undermine him with baseless smears and rumours for pure political gain.” Mr. Najib has previously denied wrongdoing in relation to 1MDB and has urged critics to wait for the conclusion of four official investigations that are ongoing into 1MDB’s activities. Investigators have identified five separate deposits into Mr. Najib’s accounts that came from two sources, according to the documents viewed by the Journal. By far the largest transactions were two deposits of $620 million and $61 million in March 2013, during a heated election campaign in Malaysia, the documents show. The cash came from a company registered in the British Virgin Islands via a Swiss bank owned by an Abu Dhabi state fund. The fund, International Petroleum Investment Co., or IPIC, has guaranteed billions of dollars of 1MDB’s bonds and in May injected $1 billion in capital into the fund to help meet looming debt repayments. A spokeswoman for IPIC couldn’t be reached for comment. The British Virgin Islands company, Tanore Finance Corp., couldn’t be reached. ENLARGE Another set of transfers, totaling 42 million ringgit ($11.1 million), originated within the Malaysian government, according to the investigation. Investigators believe the money came from an entity known as SRC International Sdn. Bhd., an energy company that originally was controlled by 1MDB but was transferred to the Finance Ministry in 2012. Mr. Najib is also the finance minister. The money moved through another company owned by SRC International and then to a company that works exclusively for 1MDB, and finally to Mr. Najib’s personal accounts in three separate deposits, the government documents show. Nik Faisal Ariff Kamil, a director of SRC International, declined to comment. Mr. Kamil had power of attorney over Mr. Najib’s accounts, according to documents that were part of the government investigation. A 1MDB spokesman said, referring to the transfers into Mr. Najib’s account: “1MDB is not aware of any such transactions, nor has it seen any documents to this effect.” The spokesman cautioned that doctored documents have been used in the past to discredit 1MDB and the government. For months, concerns about 1MDB’s debt and lack of transparency have dominated political discussion in Malaysia, a close ally of the U.S. and a counterweight to China in Southeast Asia. When he founded 1MDB in 2009, Mr. Najib promised it would kick-start new industries and turn Kuala Lumpur into a global financial center. Instead, the fund bought power plants overseas and invested in energy joint ventures that failed to get off the ground. The fund this year has rescheduled debt payments. The Journal last month detailed how 1MDB had been used to indirectly help Mr. Najib’s election campaign in 2013. The fund appeared to overpay for a power plant from a Malaysian company. The company then donated money to a Najib-linked charity that made donations, including to local schools, which Mr. Najib was able to tout as he campaigned. “We only acquire assets when we are convinced that they represent long-term value, and to suggest that any of our acquisitions were driven by political considerations is simply false,” 1MDB said last month. The four probes into 1MDB are being conducted by the nation’s central bank, a parliamentary committee, the auditor general and police. A spokeswoman for Bank Negara Malaysia, the central bank, declined to comment. Malaysia’s police chief and a member of the parliamentary committee also had no comment. The auditor general said this week it had completed an interim report on 1MDB’s accounts and would hand it to the parliament on July 9. The prime minister is facing increasing pressure over 1MDB. The country’s longest-serving prime minister, Mahathir Mohamad, who left office in 2003, publicly has urged Mr. Najib to resign. This week, Malaysia’s home minister threatened to withdraw publishing licenses from a local media group, citing what he said were inaccurate reports on 1MDB. The $11.1 million of transfers to Mr. Najib’s bank account occurred at the end of 2014 and the beginning of 2015, according to the government investigation. Among the companies that investigators say it passed through was Ihsan Perdana Sdn. Bhd., which provides corporate social responsibility programs for 1MDB’s charitable foundation, according to company registration documents. Attempts to reach the managing director of Ihsan Perdana weren’t successful. Documents tied to the transfer said its purpose was for “CSR,” or corporate social responsibility, programs. The Wall Street Journal examination of the use of funds tied to 1MDB for Mr. Najib’s election campaign showed that the money was slated to be used for corporate social responsibility programs as well. The government probe documents detail how investigators believe SRC International transferred 40 million ringgit on Dec. 24 last year to a wholly owned subsidiary. This company on the same day wired the money to Ihsan Perdana, according to the documents. Two days after receiving the money, Ihsan Perdana wired 27 million ringgit and five million ringgit in two separate transfers to two different bank accounts owned by Mr. Najib, the government documents show. In February, 10 million ringgit entered the prime minister’s account, also from SRC International via Ihsan Perdana, the documents show. The remittance documents don’t name Mr. Najib as the beneficiary but detail account numbers at a branch of AmIslamic Bank Bhd. in Kuala Lumpur. Two flow charts from the government investigation name the owner of these accounts as “Dato’ Sri Mohd Najib Bin Hj Abd Razak,” the prime minister’s official name. A spokesman for AmIslamic Bank declined to comment. In another transaction, Tanore Finance, the British Virgin Islands-based company, transferred $681 million in two tranches to a different account at another Kuala Lumpur branch of AmIslamic Bank. The government probe said the account was owned by Mr. Najib, according to the documents. The transfers came from an account held by Tanore Finance at a Singapore branch of Falcon Private Bank, a Swiss bank which is owned by IPIC, the Abu Dhabi fund, according to the documents. A spokesman for Falcon Private Bank declined to comment. The $681 million was transferred to Mr. Najib’s accounts on March 21 and March 25, 2013, the government documents show. Write to Tom Wright at tom.wright@wsj.com and Simon Clark at simon.clark@wsj.com
  2. totally should read MAHATHIR want to manufact supercars instead of msia... ISTANBUL — Malaysian Prime Minister Tun Dr Mahathir Mohamad has pictured the possibility of Malaysia producing "super cars" in order to further enhance the capability of the nation’s automotive industry. Dr Mahathir said Turkish supercar producer Onuk had indicated willingness to cooperate with Malaysia to produce the exotic vehicle. Dr Mahathir said he had long been aware of Turkish companies’ capability but only now he could see it first-hand. “I was aware of their capability. But there was no follow-up at the time as I was not the prime minister then, so making progress would have been difficult. “And now they are ready to collaborate... not only with that type of car (super car) but also with other cars,’’ he said . Dr Mahathir was speaking to Malaysian reporters at the end of his official visit to Turkey at the Istanbul Sabiha Gokcen International Airport (ISGIA) on Sunday (July 28). The Onuk Sazan and Onuk S56/G super car models areexhibited at ISGIA and Dr Mahathir took the opportunity to check them out before he left for home. On Friday, Dr Mahathir had a dialogue session with Turkish captains of industry, and offered them Malaysian expertise to produce their own national car based on the success garnered by Proton and Perodua. Meanwhile, Dr Mahathir praised Malaysia Airports Holdings Bhd's (MAHB) success in managing (ISGIA) Turkey’s second largest airport — showing Malaysian companies’ capabilities as well as their ability to expand their operations abroad. He said that although MAHB operates airports in several other countries, ISGIA — which the company wholly owns — is the largest, handling 34 million passengers annually. “It’s much larger than KLIA (Kuala lumpur International Airport), and its management is something special. There are people who recognise our capability in this field and give us a lot of opportunities," said Dr Mahathir. On Friday, Dr Mahathir visited ISGIA, which was taken over entirely by MAHB in 2014, and witnessed its operations. Opened in January 2001, the airport is the second busiest in Turkey and the world’s busiest single-runway airport and terminal. Located some 45 km from Istanbul, it recorded 16.7 million passenger traffic movements as of June this year over first half of 2019, up 3.4 per cent over the same period last yeaar. In 2018, it posted 34.1 million passenger traffic movements and revenue of RM1.15 billion (S$382 million). NEW STRAITS TIMES
  3. https://www.reuters.com/article/us-malaysia-singapore-sand-exclusive-idUSKCN1TY0C4 Surprised how come this haven't reached local media yet.
  4. Wahahaha......same same but different? https://mothership.sg/2019/02/malaysia-marzuki-yahya-cambridge-university/
  5. Malaysian PM Mahathir proposes new regional currency based on gold TOKYO: Malaysian Prime Minister Mahathir Mohamad on Thursday (May 30) proposed to create a new “special currency” for the region based on gold, replacing the existing currency trading regime. Speaking at a dialogue session at the 25th International Conference on The Future of Asia (Nikkei Conference), he claimed that a regional currency based on gold would be more stable. The prime minister said that by pegging the new currency to gold, it could be used to evaluate the import and export activities among East Asian countries. “We can make settlement using that (new) currency. That currency must be pegged to the local currency as the exchange rate, which is something that can be related to the country’s performance,” he said. “That way we know how much we owe, how much we have to pay in the special currency of East Asia." The new currency could also be extended to countries outside East Asia, he said. Dr Mahathir noted that the global market is now tied to the US dollar, and this makes the currency prone to manipulation. “Just because that one country is affected, there is infection to the other countries. Malaysia was very stable way back in 1997 (during the Asian financial crisis) ... but because of the problem occurring in Thailand, they said we must peg the Malaysian currency (to the US dollar),” he recounted. “What happened? The currency traders sold the Malaysian currency and the value of Malaysian currency depreciated.” “This currency trading is not something that is healthy because it is not about the (economic) performance of countries but it is about manipulation.” When asked if the Japanese yen or Chinese yuan could be used as the common currency in the region, the prime minister replied: “If we are trying to promote our own currency, there will be conflict." “But if we have a common currency for East Asia, a common trading currency that is not used in each country but for the purpose of settlement trade only, then there will be stability,” he said. “Trying to promote the yen or the yuan is not the way to go.” US SHOULD STOP LABELLING OTHER COUNTRIES: MAHATHIR Earlier this week, the United States added Malaysia to a watchlist of trading partners for currency practices, citing its foreign exchange intervention operations. Malaysia’s central bank has refuted the claim. In a statement on Wednesday, it said the Malaysian economy remains resilient, underpinned by strong economic fundamentals, including the flexibility accorded by a floating exchange rate and strong external balance. "Malaysia supports free and fair trade, and does not practise unfair currency practices," it said. Other countries, including Singapore, China, Germany, Japan, South Korea and Vietnam were also added to the list. On Thursday, Dr Mahathir hit out at the US for “labelling countries”. “The US is fond of labelling that country is no good, this country is no good and telling countries on ways to conduct their business,” he said. “You are not democratic. That is not for any single power to decide. If you want to live in a united world, stable world, we must resort to sustainability through agreement between all nations that have a stake in that problem." Read more at https://www.channelnewsasia.com/news/asia/malaysia-mahathir-new-regional-currency-gold-11579422 so is Dr M going kee chiu and spearhead the new regional currency ?
  6. Mr Lee also thanked Dr Mahathir for “his warm hospitality” and extended an invitation for him and his wife Dr Siti Hasmah to visit Singapore on Aug 9 for the National Day Parade. The Malaysian leader has accepted the invitation. Read more at https://www.channelnewsasia.com/news/singapore/singapore-malaysia-leaders-retreat-forward-looking-relationship-11425048
  7. Dr Strange has severed business ties (movie start-up company) with Mr Mokhzani (Dr Mahathir's son) due to the dad's anti-Semitic remarks. Mahathir prob dunno who is Dr Strange yet. https://www.straitstimes.com/asia/se-asia/actor-benedict-cumberbatch-severs-business-ties-with-malaysian-pms-son-mokhzani
  8. Wahaha....i feel so insulted for milo https://www.channelnewsasia.com/news/asia/mahathir-disappointed-over-cool-response-to-second-national-car-10536322 KUALA LUMPUR: Malaysian Prime Minister Mahathir Mohamad on Monday (Jul 16) expressed disappointment that his idea for a second national car has not been well-received by the people. Dr Mahathir said he was informed that no one wanted to see another national car being developed as most of the people regarded “it was enough” having the Proton, which has been deemed to be a failure. In a posting on his blog, Dr Mahathir sarcastically remarked that “we are not qualified nor capable of having an automotive industry”. Malaysians, he said, were prepared to buy imported cars, including from China, and also get Japanese-made and German-made cars, especially those who could afford them. "I still remember the Japanese car after the war. As users, if we scratch with our fingernails, we’ll see Milo tins, but it is from these Milo tin cars that came the various models, such as Toyota, Nissan and Suzuki which we are now using. "Certainly this will not happen with Malaysia. Our car will always be made from Milo tins forever,” he said. Dr Mahathir clarified that the government had no plans to make the proposed second national car as a government-owned automotive industry He said the private sector in the country was now capable of designing, making clay models and test models, as well as produce cars on a large scale. “But, because early on we have rejected the idea of a second national car, then we will oppose all proposals to produce cars by the private sector. Certainly, the government will not have a government-owned automotive industry,” said the prime minister. Dr Mahathir said the country’s market was now full of imported cars, both of good quality and also the Milo tin type. "Produced by giant companies, they monopolise Malaysia’s car market so much so that it buried Proton. “In the end, Proton was sold to foreigners. There is no more national car, no more automotive industry. Workers, engineers, managers are also out of jobs. Everything drops. "Malaysia becomes a consumer country, padi farming country, fishing. It’s alright. This is what we want and this is what we get. Just forget about Vision 2020,” said Dr Mahathir.
  9. Soya

    Dr.M buys Langkawi

    Wah sei........ http://focusweek.my/Article.aspx?ArticleId=15485 In a shocking but not altogether unexpected move, former prime minister Tun Dr Mahathir Mohamad has declared Langkawi an independent state, determined to see it gain developed nation status and achieving Vision 2020, after losing all hope in Malaysia ever doing either. He explained that he had to take this drastic step to ensure that at least some part of Malaysia would be able to actualise the glorious vision he had earlier spelled out for the nation. “With Malaysia under Prime Minister Datuk Seri Najib Razak going to the dogs, I see that this is the only way for me to see my Vision 2020 realised, by making my own country and pump-priming it to developed nation status,” he said. The self-declared leader explained that he bought the entire Island and its surrounding waters from the Kedah government for an undisclosed but undeniably hefty sum. “Ya I already kau tim with my son and Kedah Mentri Besar Datuk Seri Mukhriz Mahathir. He agreed and I have the deed with me,” said Mahathir. When asked what would be the basis for the economy of the new nation of Langkawi, Mahathir said that the island nation would capitalise on its proximity to the human trafficking routes to set up human trafficking theme parks and education camps, copying the idea of a brilliant Malaysian minister.
  10. Sunday May 18, 2008 Dr M: Take me to court By FARIK ZOLKEPLI and GLADYS TAY JOHOR BARU: Former prime minister Tun Dr Mahathir Mohamad is prepared to be charged in court so that he can reveal many things about the judiciary.
  11. Sunday May 18, 2008 Iskandar a project for Singapore to grow, says Mahathir JOHOR BARU: The Iskandar Malaysia project is a platform for Singapore to expand its sovereignty, said former Prime Minister Tun Dr Mahathir Mohamad. He explained that the project was intended to lure Singaporeans and Malay land would be sold to them for 10 times its worth.
  12. Apollo

    Mahathir tio lim kopi

    Malaysia ex-PM Mahathir quizzed in judicial probe Sat Dec 22, 2007 11:41am PUTRAJAYA, Malaysia (Reuters) - Malaysian anti-corruption officials have interviewed former prime minister Mahathir Mohamad as part of their investigation into a scandal over judicial appointments. Mahathir, whose critics say he presided over a weakening of the judiciary during his 22 years in power, said on Saturday that three officials had come to interview him on Friday for about an hour. He did not reveal the questions or his answers. "The anti-corruption agency interviewed me and asked me questions and I answered them," the 82-year-old, who retired as leader in late 2003, told reporters. The government has ordered a royal commission of inquiry into allegations that a lawyer with connections to government played a role in influencing judicial appointments. It followed the release in September by opposition figure Anwar Ibrahim of a video said to have been recorded in 2002 and purporting to show the lawyer boasting to a judge over the phone of his ability to influence appointments. In Malaysia, judicial appointments are made by the king, on the advice of the prime minister, though the Malaysian Bar Council has been lobbying for years for a special commission to handle the appointment of judges, free from politics. Mahathir has always denied he sought to interfere in the judicial process during his rule, though Malaysian justice has been dogged since the late 1980s by the perception that it is not free from government interference. Asked on Saturday for his criteria in appointing judges, Mahathir said he had only considered their judicial merits. "Obviously when you promote people, you have to look into their qualifications, also their background and performance when they were magistrates," he said after launching a book at his think-tank in the administrative capital of Putrajaya. Mahathir said he would also appear, if required, to give evidence at public hearings of the royal commission of inquiry. The hearings are scheduled to begin next month. "Well, if I am required to testify, if the law requires I should testify, I cannot say no," he said. http://in.reuters.com/article/worldNews/id...-31088120071222
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