Pandora Papers: Put your money where your mouth is, DAP tells Parti Kuasa Rakyat
WITH newly formed Parti Kuasa Rakyat vowing to champion the poor, an MP urged the former’s pro-tem leadership to state their stand over the Pandora Papers expose which implicated several prominent Malaysian leaders.
“What is your stand on the Pandora Papers? Parking one’s money offshore to evade taxes is no small matter.
“While ordinary Malaysians are suffering income losses due to the pandemic, we have the super-rich parking their monies and assets worth billions in offshore accounts,” Kepong lawmaker Lim Lip Eng said.
On Oct 10, Kamarazaman Yaakob launched the Parti Kuasa Rakyat, which is aimed at championing the rights of the downtrodden.
The left-leaning party led by Kamarazaman, who is also the elder brother of Prime Minister Datuk Seri Ismail Sabri Yaakob, would be Barisan Nasional (BN) friendly.
“Because to get free houses for the needy or free education for poor children or free healthcare for those who need it, it will not happen if we are not friendly with the Government of the day, and our party is multi-racial,” he was reported telling Malaysiakini.
Among the local leaders mentioned in the Pandora Papers were former Finance Minister Tun Daim Zainuddin, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz and former Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.
On that note, Lim urged Kamarazaman to criticise the elites publicly as the group had taken away funds which could have been used to help needy Malaysians, especially during the COVID-19 crisis.
“Kamarazaman should prove to Malaysians that his detention under preventive law in the past for championing the poor was not in vain.
“Have the courage to call out the Government’s wrongdoings and don’t turn your party into another establishment’s lackey,” he remarked. – Oct 16, 2021
Jibby's brother and son in Panama Papers. And Jibby himself hasn't explained where the 4 Billion of pensioner's KWAP money is.
ReplyDeleteParti Kuasa Rakyat is "BN friendly" ler.
ReplyDeleteThat's how it will fail...in spite if all the excitement from pundits.
Don't stop at Pandora. How about Panama and all those UK properties owned by Malay-sians through shell companies and proxies....?
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Lots of Malaysians in Panama Papers
John Berthelsen
Apr 12, 2016
At least 1,784 Malaysian individuals or master clients – including the Sultan of Johor and the sons of three prime ministers – and another 517 offshore entities are among the 215,000 names found in the Panama Papers, the 11.5 million documents taken from the Panamanian law firm of Mossack Fonseca & Co....
...And, while decisions to move money overseas may not be illegal, they deprive the country itself of funds for investment and development. Some of these outflows are likely to be non-Malay flight capital – mostly Chinese – which prefers expensive but seemingly secure assets in Australia, the US or even London to the higher returns which ought to be available in younger, faster growing Malaysia although post-colonial rhetoric aside, plenty of the Datuks, Tuns and Tan Sris retain a love for London...
...Some of the most notable names among the individuals and entities are Kamaluddin Abdullah, head of Feldspar Holdings and son of former Prime Minister Abdullah Ahmad Badawi; Mirzan Mahathir, son of Mahathir Mohamad; and Mohamad Nazifuddin Mohamad Najib, son of the current prime minister, Najib Razak. Mahathir's brother-in-law, Mohammed Hashim Mohammed Ali, the onetime head of Malaysia's military.
Others include Sultan Ibrahim Ismail of Johor; Abdul Aziz bin Tawfiq Ayman, husband of Bank Negara Governor Zeti Akhatar Aziz; Muhammad Muhammad Taib, former Rural and Regional Development Minister and UMNO information chief, who since has joined the opposition Parti Keadilan Rakyat; and Lim Kok Thay, the current managing director of Genting Group; Abdul Halim Harun, former chief executive of UMW Holdings, one of Malaysia’s biggest conglomerates; Sharifuddin Hizan Zainal Abidin, former Group Managing Director of Felda Holdings Bhd; and Khoo Kay Peng, one of Malaysia's richest tycoons and head of MUI Group.
The list also includes the late Hussain Najadi, the founder of what was first known as Arab Malaysian Bank, later Ambank, who was murdered under mysterious circumstances in 2013 after complaining, his son has charged, about corruption in the United Malays National Organization. Police said he had been killed in a land dispute. The late Tan Tiong Hock, the former Malaysian Chinese Association secretary general, who died in 1985, is also on the list, which can be found here.
The flow of currency into the Panama entities is hardly the only destination for money fleeing Malaysia. As Asia Sentinel reported in 2013, estate agency Jones Lang & Wootton reported that in 2012 Malaysians accounted for 17 percent of all buyers of new top-of-the-line central London dwellings.
In other words almost as many Malaysian are buying as Britons, who themselves accounted for only 19 percent of this market. Identifiable Malaysians figured as buyers of One Hyde Park, the most expensive new building in London overlooking Hyde Park and others probably lie behind the various anonymous offshore companies which figure as owners of most of the owners of apartments ranging in price from US$12 million to US$50 million....
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Who needs offshore accounts. This coming from someone who was caught with hundreds of millions in cash, Birkin Handbags, jewelrey, luxury cars in his house. So lucu.
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Road to GE15: Najib warns grassroots not to crave luxury, material goods
Haspaizi Zain
Oct 17, 2021
Despite being at least two years away, Pekan MP Najib Abdul Razak has already begun rallying Umno grassroots to prepare for the 15th general election.
Speaking to supporters in his constituency yesterday, he envisioned that a strong and self-reliant Umno will return to power in the next general election.
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