Premium Essay

Najib Corruption

In: People

Submitted By vinguok
Words 834
Pages 4
Najib is the chairman of 1Malaysia Development Berhad (1MDB), a state-owned investment firm that was established on Najib's initiative in 2009 as part of the government's Economic Transformation Programme. However, 1MDB has reportedly incurred debts of MYR 42 billion (about USD 11.1 billion) after only six years of operations, prompting a negative outlook on the country's economic growth.[87]

On July 2, 2015, The Wall Street Journal ran an exposé alleging that MYR 2.672 billion (USD 700 million) had been channelled from 1MDB into Najib's personal bank accounts, triggering widespread calls for his resignation.[88][89][90] Najib has denied any wrongdoing and has announced plans to sue the newspaper for libel.[91] On July 6, 2015, amid the 1MDB scandal, the ringgit fell to 3.8050 against the US dollar, the first time it slid beyond the 3.80 currency peg, which was lifted in 2005.[92] To back up the allegations, on July 7, 2015, The Wall Street Journal released a batch of partially redacted documents that purportedly show how nearly US$700 million (RM2.6 billion) was moved from 1MDB into Najib's personal bank accounts. These documents relate to transactions in March 2013, December 2014 and February 2015.[93]

The multi-agency task force investigating these allegations reported on July 10, 2015 that Najib's bank accounts at AmBank Islamic were closed before The Wall Street Journal reported the transfers of billions of ringgit to those accounts thereby confirming that Najib had two accounts at that bank. The task force also confirmed that the six accounts it had just frozen did not belong to Najib but did not name the holders of those accounts [94] Najib's handling of the corruption scandal was criticized by, among others, former Prime Minister Mahathir Mohamad and then Deputy Prime Minister Muhyiddin Yassin. During Najib's mid-term Cabinet reshuffle on 28 July 2015,...

Similar Documents

Free Essay

One Malaysia

...naturally an important part of the 1Malaysia effort. Najib says the government is committed to carrying out a transformation programmed as its main agenda based on approaches and philosophy of 1Malaysia people first, performance now. Immediately after assuming the office of Prime Minister of Malaysia Dato Ser Najib Tun Razak introduced a series of KPIs in order to measure and improve the efficiency and quality of government services as well as realizing the 1Malaysia concept. Najib said that KPIs were implemented to make sure the people’s satisfaction whether they are satisfied with our service, whether we have solved their problems. Najib's announcement of the KPI effort was generally well-received. Deputy Prime Minister Tan Sri Muhyiddin Yassin said the KPI formula was a measure against which the people could measure the performance of Najib and the government. He said the KPIs would provide motivation for every minister to perform well. The KPIs provide a mechanism for the evaluation of ministries and other government agencies including performance reviews carried out every six months. Each ministry has been required to establish specific KPIs including that focus on policy outcomes over the traditional emphasis on inputs typically found in government performance assessments and planning. KPIs include detailed job descriptions and goals for ministers, deputy ministers, and some other senior government officials. Najib has identified six major policy areas in which......

Words: 482 - Pages: 2

Free Essay

Management Ethic (1 Mdb )

...sovereign wealth fund aimed at ensuring economic development for the state of Terengganu that is long term and sustainable while safeguarding the economic well-being of the people of Terengganu. TIA was established in 2008, and was renamed 1Malaysia Development Berhad on January 2009. In his announcement on 22 July 2009, Prime Minister Najib Razak said the decision to expand TIA into a federal entity was made to enable its benefits to reach a broad spectrum of Malaysians rather than to the residents of only one state. 1MDB focuses on strategic development projects in the areas of energy, real estate, tourism and agribusiness. 1MDB has a three-tier check-and-balance system comprising a Board of Advisors, a Board of Directors and a senior management team. The Board of Advisors is chaired by the Prime Minister of Malaysia, Najib Razak. Based in the issues of 1MDB, the RM 425 million profit between September the 25th 2009 and March the 31st 2010 raised many criticisms and controversies on the lack of transparency given to 1MDB's accounts. Tony Pua, DAP Member of Parliament for Petaling Jaya Utara questioned Prime Minister Datuk Seri Najib Razak, 1MDB advisory board chairman, whether the figures were the result of an asset injection into 1MDB by the government such as the transfer of land rights to the company. In my personal opinion, the 1 MDB accounts should be transparency and open to the public. The citizens of Malaysia have the authority to know how did...

Words: 650 - Pages: 3

Free Essay

New York Times

...In early 2010, a young Malaysian financier named Jho Low began making some very expensive real estate deals in the United States. First, a shell company connected to Mr. Low, famous back home for partying with the likes of Paris Hilton, purchased a $23.98 million apartment in the Park Laurel condominiums in Manhattan. Three years later, that shell company sold the condo to another shell company, this one controlled by someone even more prominent in Malaysia: the film-producing stepson of the prime minister. A similar transaction was playing out on the other side of the country. Mr. Low bought a contemporary mansion in Beverly Hills for $17.5 million, then turned around and sold it, once again to the prime minister’s stepson. (Read a summary of this article in Malay.) Mr. Low also went shopping at the Time Warner Center condominiums overlooking Central Park. He toured a 76th-floor penthouse, once home to the celebrity couple Jay Z and Beyoncé, then in early 2011 used yet another shell company to buy it for $30.55 million, one of the highest prices ever in the building. At the time, Mr. Low said he represented a group of investors, according to two people with direct knowledge of the transaction. Mr. Low recently told The New York Times that he had not purchased the penthouse for investors, and that it was owned by his family’s trust. One thing is clear: As with nearly two-thirds of the apartments at the Time Warner Center, a dark-glass symbol of New York’s......

Words: 5885 - Pages: 24

Free Essay

Government Transformation

...accountable for outcomes that matter most to the rakyat. 2. To move Malaysia forward to become an advanced, united, and just society with high standards of living for all. This is in line with the national mission of achieving Vision 2020 – for Malaysia to become a fully developed nation. 4.0 Strategy Dato Seri Najib Tun Razak (Prime Minister of Malaysia) introduced a series of Key Performance Indicators (KPIs) in order to measure and improve the efficiency and quality of government services as well as realizing the 1Malaysia concept. KPIs were implemented to ensure the public satisfaction which is they are satisfied or not about the government’s service and whether the government had solved their problems. Dato Seri Najib Tun Razak has identified six major policy areas in which KPIs will play an especially important role in improving the effectiveness of the Malaysian government. These are known as National Key Result Areas (NKRAs). Challenges within each area have been divided into short-term priorities and long-term issues. These areas of development of NKRAs are as below: ( Reducing Crime ( Fighting Corruption ( Improving Student Outcomes ( Raising Living Standards of Low-Income Households ( Improving Rural Basic Infrastructure ( Improving Urban Public Transport Multiple input sources including the...

Words: 843 - Pages: 4

Premium Essay

Corruption in Healthcare Services in India

...Health care services in India are facing different challenges from inadequate finance and poor management to inequity in terms of quality and access (Ramani-Mavalankar, 2006). However, corruption is that underlying problem, which if not tackled, would prevent from resolving all other kinds of difficulties (Potter, 2003). Therefore, in this essay I have endeavoured to understand the forms in which corruption is prevalent in Indian Healthcare Services. Along with this, I have also tried to suggest certain measures which would help tackle corruption. The former president of Medical Council of India, Mr.Ketan Desai has been charged with corruption both the times he has been elected for the post. Despite his removal in 2001 following the charges, he was re-elected by the Government of India in 2009 (Pandya 2009). Thereafter in 2011 Mr Desai was arrested by the CBI for accepting a highly culpable amount of bribe from two medical colleges seeking recognition. (Chauhan, 2011). Mr Desai justifies the definition of corruption by Transparency International, as the result of misused powers to benefit personally instead of doing public welfare (Vian, 2007). Moreover, this definition would be appropriate for the Government of India who elected a person with history of fraud to be the president of the central health governing body of the nation. Health sector, in any nation, is a vast network involving different participants at each stage ( Hussmann,2011). Therefore it becomes......

Words: 1508 - Pages: 7

Free Essay

Study Questions

...The 2 Sides of Power Sam Pinsky Patrick Halpenny Wednesday November 13th, 2013 ENG4U Power is a very vague terminology. Power is like a disease, very epidemics. Power can be a success or a failure, depending on the individual. Power in the right hands creates justice. Power in the wrong hands creates injustices. It corrupts human feelings and converts friends into enemies, therefore having power in the wrong hands succeeds in persuading one, using the power in a cruel and oppressive way. In the novel "Kindred", written by Octavia Butler, the novel presents revolving themes like power corruption of emotion, friendship and racism.Most of the times possessing the power can destroy the freedom of others. Power corrupts human feelings. Whenever an individual achieves the power, one becomes a different person. Rufus, the main character in the novel, possessed the power after his father's death. He became very possessive, even to Dana. The first time when Rufus met Dana he had a good reputation and liked her very much. Later on as he became mature and powerful his friendship to Dana changed to possessive love. He became very jealous of Kevin and was eager to kill him. Whenever Dana asked if he had received a response from Kevin, he would deny it. That did not last long, she soon found out that Rufus betrayed her. ->quote This shows that power can corrupt human emotions entirely. Power can turn allies into enemies. Friendship can......

Words: 484 - Pages: 2

Premium Essay

Examples Of Power In Animal Farm By George Orwell

... “Power tends to corrupt and absolute power corrupts absolutely”(Lord Acton,1887) Power is something only the right person should have, it could turn into an absolute mess if it's not handled correctly. Having power means others look up to you, and you could change the way they see things. This effect a person has on someone could cause dangerous events. It can also cause something really good. Meaning the outcome of having power could be either positive or negative. A person could easily abuse power and think that people won’t retaliate. The book “Animal Farm” by George Orwell is a great example of how power can be abused. Mr.Jones, the owner of Manor Farm is an alcoholic who doesn’t treat his animals right. He sees it as he can do whatever he wants and nothing will happen.The animals decide take the power into their own hands. They are sick and tired of Mr.Jones treating them unfairly so they decide to start a revolution. In the book Mr.Jones comes back to the farm to try and take it back. The animals don't let him, they are in power now because Mr.Jones was abusing his. This shows how Mr.Jones using his power to hurt the animals turns into a negative thing. Once Mr.Jones loses his power and it turns over to Snowball. Snowball is a pig who decides to use his power to make the environment of the farm better for the animals. He sees this revolution as an opportunity to make things right. He starts getting the animals to be able to provide for......

Words: 649 - Pages: 3

Premium Essay

Management

...| COLLABORATION PROGRAM WITH | PERAK COLLEGE OF TECHNOLOGY DEGREE IN MANAGEMENT (TECHNOLOGY) SUBJECT: ULAB3162 ENGLISH FOR PROFESSIONAL PURPOSES TOPIC: ANALYSIS OF MALAYSIA’S ECONOMIC CRISIS 2015 PREPARED BY: TUN MUHAMMAD FALIQ AIZAT 900711-08-6343 PREPARED FOR: MISS YASOTHA DATELINE: 7/12/2015 ANALYSIS OF MALAYSIA’S ECONOMIC CRISIS 2015 A Tough Year This year has seen changes across the entire spectrum of the Malaysian body politic and economy. Unlike in earlier years of Prime Minister Dato’ Seri Najib Tun Razak’s six-and-a-half year tenure, Malaysia’s economy is now seen to be in trouble, with contracting growth, rising inflation, continued high levels of capital flight, declining consumer and investor confidence, and a depreciating currency. Malaysia faces an unfavourable global environment. The slowdown of the Chinese economy, Malaysia’s largest trade partner, has contributed to a sharp decline in Malaysia’s GDP growth. While the US economy has begun a recovery, it has not filled the vacuum as a driver of growth left by China’s slowdown. Four regional economies are seen to be under strain – Singapore, Indonesia, Thailand and Malaysia. The broad decline of Southeast Asian currencies to the US dollar and drops in exports has cast a pall over the region. Global drops in oil and gas prices (now at levels less than half of those prevailing a year ago) have had a special impact on Malaysia; Government revenues from petroleum had......

Words: 1781 - Pages: 8

Free Essay

Nervecell

...Internal Analysis Report Report No: 2408-1 Request: Simulation of EEPROM corruption Requester: Ann Portia Yturiaga Dinglasan <Ann.Dinglasan@finisar.com> Sample Module Submitted: FTLF1318P2BTL Date: August 16th, 2013 Prepare by: Chew Yoon Kit ------------------------------------------------- Solution details After sample module finish Module testing, sample module will proceed for Label test. In Label test, sample module will proceed with standard labeling test without customization; 1. Initialize the MapDef 2. Serial number checking 3. Part number checking 4. Memory map archive which include; a. EEPROM [Table 0] b. FCC Albany [Table 0 to 33] 5. EEPROM check with reference file 6. FCC table check with reference file Sample module will proceed to Custom Label test which test include; 1. Initialize the MapDef 2. Serial number checking Later sample module will proceed to Barcode test which test include; 1. Initialize the MapDef 2. Serial number checking 3. Part number checking Suspected area which may corrupt EEPROM; 1. Serial number checking 2. Part number checking 3. Memory map archive 4. EEPROM checking *Note: Not likely will corrupt EEPROM since it’s just only read access the EEPROM only* ------------------------------------------------- Strategy [I] Simulate 20,000 cycles of continuous read and compare; 1. Serial number checking 2. Part number......

Words: 298 - Pages: 2

Premium Essay

Pork Barrel

...Branch. It can be used for both hard projects, such as buildings and roads, and soft projects, such as scholarships and medical expenses. We are not speaking about 100pesos amount of money or 1000pesos, we are speaking about millions and billions of money here, so, don’t be amaze if the persons holding this big amount of money tend to be a greedy one. I will give you some reasons why pork barrel should be abolish, the People of the Philippines cannot monitor what happens to their money, we cannot monitor if our money really goes to where it should be, if it really used for the convenient of the many or by few only, we cannot monitor what really happens to our money. Another reason is that this pork barrel system can easily be used for corruption, in the means of allocating millions of pesos for a road or building projects but instead of using competent materials they used sub-standards ones so that they can filch some of the money allocated for the project. Another reasons is the congress can manipulated the money and make it disappear little by little until its gone, then they will make some report that they used it to make road projects, medical projects and other projects. Pork barrel is a system that allows persons in position to be corrupt. For me I can say it is like a virus that when you are in this system you’re likely to be a corrupted one if your immune system is weak. I can compare pork barrel to a fire, it may light up a house or it may burn the house, it is in......

Words: 357 - Pages: 2

Free Essay

Relationship Between Power & Corruption Lotf

...How Are Power and Corruption Related? by Sebastian Sandoval "Power corrupts and absolute power corrupts absolutely." – Lord John Dalberg-Acton Macbeth and Lord of the Flies depict power and corruption. However in Macbeth's case it is his fear of being forgotten that leads to his ambitions for power and in turn corrupts him. In Lord of the Flies we see Jack's ambition to become chief corrupt him into doing whatever it takes to achieve that position. Both works seem to coincide with Hobbes theory that "man is naturally savage" and that savagery combined with the notion of power can only lead to one thing, corruption. In this essay the relationship between power and corruption will be explored through the lens of three texts: Macbeth by William Shakespeare (1623), Lord of the Flies by William Golding (1954), and Of Man, Being the First Part of Leviathan by Thomas Hobbes (1651). Let us begin with The Tragedy of Macbeth. Throughout the play, we see Macbeth change from a noble and brave soldier into a shadow of his former self. In the beginning we see an internal struggle with the decision to kill King Duncan. This is most clearly depicted in act I when Macbeth says, "We will proceed no further in this business. He hath honored me of late,"(1.7. 28-30 ). It is after the murder of Duncan that we begin to notice a sinister change. Macbeth begins to murder anyone who has or could get in his way even his friend Banquo. In act 3 Macbeth's plan is first revealed in his......

Words: 734 - Pages: 3

Premium Essay

Dfsfsdfsdfsdf

...ohore is a key battleground for the vision of a Malaysian Dream as a unifying factor for all Malaysians, regardless of race, religion or region and antidote to the revival of extremist and intolerant racist politics in the five months after the 13th general elections on May 5, 2013. In fact, the Vision of a Malaysian Dream was given expression in the Battle of Gelang Patah in the 13th General Elections, as a direct response to irresponsible and reckless campaign by UMNO politicians, led by former Prime Minister Tun Mahathir, to racialise the Gelang Patah contest in particular and the 13th general election in general. But Gelang Patah was a major failure for Mahathir, particularly his irresponsible and reckless campaign to racialise the Gelang Patah battle between former Mentri Besar Datuk Ghani Othman and myself by falsely and mischievously alleging that I had wanted to create a “racial confrontation” and that I was seeking to incite the Chinese to hate the Malays. In fact, far from trying to racialise the electoral battle, it was in pursuit of the Malaysian Dream as a rallying point of unity for all races in the country that was behind my high-risk decision to leave the Ipoh Timor parliamentary seat, where I had won with a majority of over 21,000 votes in the 2008 GE, to contest in the Barisan Nasional fortress of Gelang Patah which BN had won with some 9,000-vote majority in the 2008 GE and a humoungous 31,688-vote majority in the 2004 GE. There was no surety that I......

Words: 881 - Pages: 4

Premium Essay

Ououou

...Police corruption has become a very difficult and touchy topic to handle. Not only is it detrimental to the department, but it is something we can’t have in our community. Unfortunately it has become more and more common amongst the police departments in the United States. It has led to very bad cases such as crash in California and even the New Jersey state police lords of discipline. Police corruption can be easily solved, and it is very important to have programs like Internal Affairs to keep the officers in line.    A lot of people feel that with the structure of our system and so many loopholes everywhere else that it may be easy for a cop to be corrupt. The biggest reason that police corruption occurs is because the officers abuse their given authority because they feel they have the power to do what they want when they want. Another reason police corruption happens is because they hit a bust on drugs and a cop likes the drugs so they take a little bit and don’t tell anyone. This not only is wrong for an officer, but for anyone to do and it gives the criminal less of a charge because they weren’t sentenced with as much stuff as they really had when busted.   Police corruption falls into two different categories internal corruption and external corruption. Internal meaning it involves the people that work within the department, and external involves police contacts within the public. There are 3 things that must happen at the same time for a cop to be considered......

Words: 342 - Pages: 2

Premium Essay

Police Corruption

...Police Corruption The problems within our police departments Police corruption has become a very difficult and touchy topic to handle. Not only is it detrimental to the department, but it is something we can’t have in our community. Unfortunately it has become more and more common amongst the police departments in the United States. It has led to very bad cases such as crash in California and even the New Jersey state police lords of discipline. Police corruption can be easily solved, and it is very important to have programs like Internal Affairs to keep the officers in line. A lot of people feel that with the structure of our system and so many loopholes everywhere else that it may be easy for a cop to be corrupt. The biggest reason that police corruption occurs is because the officers abuse their given authority because they feel they have the power to do what they want when they want. Another reason police corruption happens is because they hit a bust on drugs and a cop likes the drugs so they take a little bit and don’t tell anyone. This not only is wrong for an officer, but for anyone to do and it gives the criminal less of a charge because they weren’t sentenced with as much stuff as they really had when busted. Police corruption falls into two different categories internal corruption and external corruption. Internal meaning it involves the people that work within the department, and external involves police contacts within the public. There are 3...

Words: 524 - Pages: 3

Premium Essay

Hi to the Waves

...conclusion is that even though Socrates uses horses as an example he manages to apply his example to all beings and prove his case that he is innocent of the charges.The second example that Socrates makes is that people that don't care about the youth are the ones who are really corrupting them. "It is quite clear that by now, gentlemen, that Meletus, as I said before, has never paid the slightest attention to this subjects. However I invite you to tell us, Meletus, in what sense you make out that I corrupt the minds of the young." 3 The premises of this quote are:1. Meletus has no concern for the youth.2. Meletus who shows no concern for the youth cannot charge another person of corrupting the youth 3. Since Meletus, charges Socrates with corruption of the youth, though he cannot charge him. The conclusion from these premises is that Meletus is contradicting himself, and Socrates is innocent. The last point that Socrates makes to prove that he is not guilty is he says that even if he was corrupting the youth he was doing it unwillingly. "Either I have not a bad influence, or it is unintentional; so in either case what you claim is false." 4 The premises for this argument are: 1. Socrates either corrupts the youth intentionally or unintentionally. 2. It is possible for someone to corrupt the youth unintentionally, then he is not guilty. 3. Since Socrates was corrupting the youth unintentionally he is not guilty of the charges and should not be punished. So when you take......

Words: 625 - Pages: 3