How much did Bank Negara know about the 1MDB transactions?
YOURSAY | 'It's preposterous that a world-renowned central banker was not aware it.'
Mamak, you sure are a pariah pundee podah-ish disgrace to your Kerala ancestor
The Wakandan: Former prime minister Dr Mahathir Mohamad, your explanation does not wash and I am not prejudiced against you.
I think it made sense that you chose Zeti Akhtar Aziz because she was a well-known banker. That’s a good reason for her to be one of the Council of Eminent Persons (CEP).
Similarly, you got economist Jomo Kwame Sundaram, former finance minister Daim Zainuddin and tycoon Robert Kuok in the team, all having some outstanding economic background.
But you are an intelligent person. The fact that Zeti did not act against then prime minister Najib Abdul Razak even though she allegedly knew the irregularities, would immediately disqualify her to be a member of CEP, which was an important post that you created to advise you and the nation.
Until she was cleared as to the reason why she did not act against Najib, she should have been treated with the suspicion that it could be something more than just skin deep. Yet, all the same, you brought her in. There was something really not right in that.
Remember, you were on the verge of a well-publicised platform to overthrow Najib to form a government that would eradicate corruption.
The people that time would expect your appointees to be impeccable from any stain of corruption. Appointing a person with some doubt still hanging on her back certainly betrayed the trust of the people at that time.
Malaysia Bharu: Mahathir is missing the point here. The question is not about how good Zeti was or why she was allowed to remain as Bank Negara governor but about her knowledge of her husband and son's alleged receipt of 1MDB monies and her handling of 1MDB fraud while she was the central bank governor.
In fact, the 1MDB theft and the alleged transfer of 1MDB funds by her family members took place from 2008 to 2013 - right in the middle of her tenure as the central bank governor. And there was then a lot of dissatisfaction with her handling of the 1MDB embezzlement prior to and post-GE14 but Mahathir saw fit to reward her with the appointment to CEP in 2018.
And Mahathir's contentions that “Zeti tried to take action against Najib but that the latter got to her and she did not dare” does not make sense.
Is he telling us that she knowingly allowed the country to be robbed to save her position as governor? Is this the conduct of an eminent person?
Manjit Bhatia: Mahathir knows how to weave his web of praise amidst his web of deceit and sudden dementia if it means to save his scrawny neck.
Zeti was, to my mind, never anything great. She achieved nothing by her own volition. As far as central bank monetary policy goes, she had it easy.
The real achievers of Bank Negara, who saved Zeti's neck and lent her unwarranted praise from people like Mahathir, are the Bank Negara’s technocrats, including especially her deputy. They do all the legwork. They are the brains of Bank Negara, and the people are lucky to have them.
These technocrats are far more intelligent and skilful than any you will find in the Economic Planning Unit (EPU), Employees Provident Fund EPF), Khazanah Nasional and would leave in their wake the twits who run - or ran - Tabung Haji and Felda which the Malay political elites and their crony crooks have allegedly emptied.
But on 1MDB, Najib’s rotten baby, how can a central banker “of her standing” not know the money flows in, out and around the country's financial institutions?
Headhunter: I wouldn't describe someone who let billions of ringgit slip under her nose and presumably with the knowledge that her husband and son were allegedly receiving 1MDB money as performing “very well”.
During the height of the 1MDB debacle when the media were going to town with it, there were already many questions being asked about how it could happen under the very nose of Bank Negara. The answer to that is now becoming clearer.
JD Lovrenciear: Zeti must act with moral conviction. She should resign from her Permodalan Nasional Bhd (PNB) appointment until such time that her husband and son’s case sees justice delivered.
Meanwhile, Mahathir’s claim that he did not know anything clearly shows one of two truths. Either he is wriggling out of a sticky problem or he is naive and therefore totally not qualified to decide the Who’s Who for key roles in the country.
Cogito Ergo Sum: Mahathir, it’s not “her matter” if illicit monies have allegedly entered the accounts of her husband and son. It is a matter of grave importance that stolen public monies allegedly entered the Bank Negara governor’s husband’s company.
It is preposterous that a world-renowned central banker was not aware that huge sums were allegedly channelled into her husband Tawfiq Ayman’s company. She was supposed to be a steward of the nation’s coffers.
And it’s impossible you (Mahathir) could not have known about this. You are on the ball and the most informed individual in the country. So, stop pretending you were ignorant because that’s the last thing you will ever be accused of – being ignorant.
Falcon: Mahathir, this script is another very irresponsible attempt to avoid ownership and responsibility on your political decisions and leadership.
And what about that individual who was allegedly caught on a sex video recording?
With time running out, would it not be more appropriate to admit your shortcomings, prejudice, your many missteps and mistakes and racist mind by saying simply: 'I'm sorry, please forgive me, Malaysia'?
BluePanther4725: This is the trademark of Mahathir. He always denied knowledge of all wrongdoings that happened during his tenure as PM.
Either he is a first-class liar, or a useless, sleeping PM, or even both.
MokhtarAhmad: Of course, Mahathir, you don't know anything although you were paid by the taxpayers to run the country.
All you were bothered about was to deny PKR leader Anwar Ibrahim from being the next PM. Your focus was solely on that and thus you were not bothered about the rakyat and nation.
Looks like all our PMs are blur blur. Jibby's defence in court oso the same:
ReplyDeleteFor Years I Was Totally Unaware What Was Happening in 1MDB. I Kena Tipu Kaw Kaw By Cherubic Boy.
Talking about Kerbau, Jibby oso got Cock and Bull Story.....ha ha ha...
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Najib’s defence a ‘cock and bull’ story, says prosecutor
V Anbalagan -April 20, 2021
PUTRAJAYA: Najib Razak’s defence during the SRC International Sdn Bhd corruption trial was so bizarre that it was an “own goal”, the Court of Appeal was told today.
“In fact, the appellant’s (Najib) defence is a cock and bull story,” ad hoc prosecutor V Sithambaram told a three-member bench chaired by Abdul Karim Abdul Jalil.....
....Sithambaram said Najib had come up with ridiculous stories, especially about fugitive businessman Low Taek Jho or Jho Low, his private secretary, the late Azlin Alias, and SRC International chief executive officer Faisal Ariff Kamil, to put up his defence. He said Najib had blamed them and claimed that he was not aware of transactions involving his personal bank accounts. However, Sithambaram said evidence revealed that Najib and Jho Low, were the best of friends and it was absurd for him to now claim that the businessman had “fixed” him.
“There is no credibility to his defence,” he said, adding that Najib knew it was Jho Low who was putting money, including funds from SRC, into his accounts.
However, one of Najib’s defence is that he believed whatever he spent and cheques issued was actually the balance from an Arab donation.
“It is absurd for Najib to contend that Jho Low put funds into the personal bank accounts of the (then) prime minister to trick him into believing that he had funds, which he did not!
“It has to be remembered that Jho Low, Azlin and Nik Faizal were tasked with ensuring sufficient funds were available to him (Najib) to issue cheques. How can this be a trick?
“It is Najib who is playing a trick by trying to bury the obvious truth. His defence is nothing but a cock and bull story,” he said.
Sithambaram said evidence had shown that Jho Low was intensely involved in ensuring there were sufficient funds for Najib to spend. He pointed out that even Najib had admitted that Jho Low was tasked, together with Azlin and Nik Faisal, to ensure there were sufficient funds available to him.
“Whatever Jho Low did was done with the full knowledge of the appellant. Jho Low did not deceive Najib into thinking he had Arab funds in his account.
“It is Najib who misled the court by claiming he believed the money he was spending was actually from an Arab donation.
“In actual fact, the funds were from Jho Low, who was bankrolling Najib. Blaming Jho Low for ensuring that Najib had adequate funds in his personal account is simply outrageous,” he said.
Sithambaram said there was no logic in Najib’s story as anyone with knowledge of basic mathematics would have known that the RM42 million was not from Saudi royalty, as the donation money had dried up much earlier. He said this was an apt case to describe as “money growing from trees” because Jho Low pumped money into Najib’s bank accounts for him to spend freely. Sithambaram said Najib’s knowledge of money entering his accounts could also be imputed from his own inactions in July 2015, when he was informed personally of the matter by Ihsan Perdana (IPSB) managing director Shamsul Anwar Sulaiman. This prosecution witness was detained by anti-graft investigators who found that his company’s account was used to remit the RM42 million to Najib.
“Although the appellant (Najib) expressed ‘shock’ and said he was ‘upset’ when told so, he elected to do absolutely nothing about it,” he said.
Sithambram said Najib’s conduct was clearly inconsistent with his feigned innocence about these deposits. Further, he said the former CEO of Yayasan Rakyat 1Malaysia, Ung Su Ling also informed Najib of the same transfers (from IPSB into his personal bank accounts). Again, unsurprisingly, he did not do anything about it.
“The appellant did not lodge any police reports about these deposits into his bank accounts nor did he make any enquiries with the bank or attempt to take any legal action,” he said.
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The good thing is that we won't have to put up with the old fool's nonsense much longer...please hurry up
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